I have been using BTC Markets from quite some time now. I will list down the pros and cons of using this exchange:
Lower exchange rates compared to other bitcoin exchanges in Australia.
Secure with 2 factor authentication.
Supports FIAT currency purchase
Not available 24/7. I deposited money on Sunday to purchase some Ethereum, but the money didn’t show up even until monday night in my BTCMarkets account. There is no after hour support available whatsoever.
A flat fee of $3.30 on every deposit made + transaction fees on purchase of bitcoins.
No option to buy other cryptocurrencies like dash, ripple, digibyte etc etc.
This is one of the easiest and simplest way to buy bitcoins and any other crypto currencies in Australia. The set up process is really simple, the verification process is the quickest from my experience. Even the pricing is reasonable compared to most of the other exchanges.
I tried the cash and POLI payments options, both are quick and easy to use.
I was able to buy bitcoins and other crypto currencies without any hassle.
Coinspot is another service where you can buy bitcoins and other crypto coins using AUD.
The verification process is a bit slow and tedious. Not sure about the exact reason, may be there were a high volume of applicants when i applied for verification.
The payment option is through POLI. It works very well during business hours, but after hours the POLI payments don’t work as per my experience.
The pricing is reasonable.
The best part is you can buy most of the crypto currencies directly using AUD. Unlike in cointree where you need to buy Bitcoin first and later convert to other crypto currencies like litecoin, dogecoin etc.