The questions we get most often. If yours isn’t here, drop us a line.
About the site
Who runs CryptoAlgo?
An independent editorial team based in Australia. See our about page and team bios.
Are you licensed to give financial advice?
No. CryptoAlgo is not a licensed financial adviser and does not hold an Australian Financial Services Licence. Everything we publish is general information. For personal advice, see a licensed adviser. See our disclaimer.
How do you make money?
Affiliate commissions when readers sign up to platforms via our links. Full breakdown on the affiliate disclosure page.
Do affiliate deals influence your reviews?
No. We rank using a published scoring rubric and we publish negative reviews of paying partners when the rubric scores them poorly.
Crypto exchanges in Australia
Which exchanges are legal in Australia?
Any exchange offering crypto-to-fiat services to Australian residents must be registered with AUSTRAC as a Digital Currency Exchange (DCE) provider. Many international exchanges (Binance, Kraken, OKX, Bybit) hold AUSTRAC registration via an Australian entity. Always check the AUSTRAC register before sending funds.
What’s the cheapest exchange for AUD deposits?
Most major exchanges support PayID/OSKO with zero deposit fees. The cheapest overall depends on your trading volume and asset choice — see our best crypto exchanges in Australia comparison.
How are crypto trades taxed in Australia?
The ATO treats most crypto disposals as capital gains tax (CGT) events. If you hold an asset for more than 12 months you may qualify for the 50% CGT discount as an individual. Day-trading or running a crypto business may be assessed as ordinary income instead. Always confirm with a registered tax agent. See our crypto tax Australia guide for the basics.
Trading bots
Are crypto trading bots legal in Australia?
Using a bot for your own trading is legal. Operating a bot service that takes deposits, gives advice, or runs managed strategies on others’ behalf may trigger AFSL requirements. Stick to bots that connect via your own API keys to your own exchange account — those are uncontroversial.
Do trading bots actually make money?
Some, sometimes, in some markets. Most marketed performance is backtested or cherry-picked. A bot is a tool — it executes a strategy. Whether the strategy makes money depends on the strategy, the market regime, your fees, and your risk management. See our best crypto trading bots comparison and our algo trading guides.
What’s the safest way to give a bot access to my account?
Use API keys with trade-only permissions, no withdrawals enabled, and an IP allowlist where the exchange supports it. Never share account passwords. Treat API keys like passwords and rotate them periodically. Avoid bots that can’t operate without withdrawal permissions — that’s a red flag.
Algorithmic trading
What’s the difference between a “bot” and “algo trading”?
Bots are usually pre-built strategies (grid, DCA, rebalancing, copy trading) that you configure but don’t write. Algorithmic trading typically means writing your own strategy in code (Python, Pine Script, etc.), backtesting it, and deploying it. The line is fuzzy. Both rely on the same underlying ideas: define rules, execute them without emotion.
Do I need to know how to code?
Not for off-the-shelf bots. For real algo trading — writing custom strategies, backtesting them properly, deploying them to live markets — yes, basic Python is the practical baseline.
Working with us
Will you review my exchange / bot / token?
Possibly, if it’s relevant to Australian retail traders. We don’t accept payment for reviews. See our editorial policy and write in via the contact page.
Can I sponsor an article?
Currently we don’t run sponsored articles. If we ever do, they will be clearly marked, kept out of editorial rankings, and held to the same factual standards as the rest of the site.
Can I republish your content?
Quotes up to 100 words with attribution and a link back are fine. For longer excerpts or syndication, ask first via the contact page.