About Elbaite

Learn more about the dedicated team behind Elbaite, and the story of how we came to be.

A graphic showcasing Elbaite's logo in a shield, representing security and trust.

Morty Tollo

Managing Director

Samira Tollo

Chief Technology Officer

Rod Tasker

Executive Director - Compliance Officer

Our Crypto Journey

In the bustling heart of Melbourne in 2017, Elbaite was born out of a personal experience that left a lasting impact. Our founders, having been on the receiving end of multiple crypto exchange breaches, felt a pressing need to ensure others wouldn't face the same vulnerabilities. Their vision materialized into Elbaite, a pioneering self-custody cryptocurrency exchange.

Unique in its approach, Elbaite ensures that at no juncture in the transaction process does the exchange retain custody of the crypto, melding robust security with an intuitive user experience.As the years rolled on, Elbaite's footprint in the Australian crypto landscape deepened. We've not only become a cornerstone for crypto enthusiasts but have also forged meaningful collaborations with esteemed entities like Women in Blockchain and the RMIT Blockchain Hub.

Our team, a vibrant tapestry of individuals united by their passion for crypto, is a testament to our commitment to diversity. With expertise spanning the vast expanse of blockchain finance, we're not just another exchange. We're a collective of dedicated professionals, pushing the boundaries of the industry, always prioritizing the needs of our traders over corporate gains.

A graphic showing Elbaite's journey in the form of a map dot  on a timeline.
A graphic showing a target getting hit in the bullseye, representing Elbaite's goals.

Our Mission

At Elbaite, our overarching mission transcends the boundaries of traditional cryptocurrency exchanges. We are deeply committed to fostering a secure trading environment, one that not only facilitates seamless transactions but also propels the broader acceptance of cryptocurrency and its underlying blockchain technology.

Central to our ethos is the unique self-custody trading model, a pioneering approach that places the power and responsibility of asset management directly in the hands of our users. But our vision doesn't stop there. We are avid proponents of blockchain innovation, constantly seeking ways to integrate cutting-edge advancements into our platform. Furthermore, we believe that knowledge is the cornerstone of progress.

To that end, we are dedicated to producing and disseminating educational content, ensuring that both novices and experts alike are well-equipped to navigate the ever-evolving crypto landscape. In essence, Elbaite is more than just an exchange; it's a beacon for the future of decentralized finance.

Our Values

Derived from a gemstone that uniquely spans every hue of the spectrum, our company name, 'Elbaite', carries profound significance. Historically, gemstones have been treasured not just for their beauty but also their value, often serving as currencies in ancient civilisations. Drawing a parallel to the multifaceted world of cryptocurrencies, which manifest in a myriad of 'colours' or forms, the name 'Elbaite' resonates with diversity and inclusivity.

It's a testament to our unwavering commitment to fostering an inclusive ethos within the blockchain community, beginning right at the heart of our operations — our community and workplace. Our dedication to this cause hasn't gone unnoticed. In 2022, we were honoured with the title of 'Gender and Diversity Leader of the Year' at the esteemed Blockchain Australia Annual Awards, affectionately known as the 'Blockies'.

Elbaite's logo.

Frequently Asked Questions

Is it better to keep crypto in a wallet or exchange?
It is safer to keep crypto in your own crypto wallet. Remember, not your keys, not your crypto! Elbaite has adopted a unique approach to creating a safe and secure trading environment for traders looking to buy crypto. When traders use our Australian crypto exchange, they have full control and access to their tokens at all times, as Elbaite does not hold onto any cryptocurrency during the transaction process.We also provide a better and safe experience for traders by first verifying a seller's crypto transfer via the Blockchain (TxHash) before releasing a buyer's transferred funds to the seller. Traders can then hold their crypto in any wallet of their choosing and experience no withdrawal fees.
Which crypto exchange is the best in Australia?
While there are many popular Australian crypto exchange markets out there, no one is as passionate about cryptocurrency as the team at Elbaite. As a non-custodial exchange, we do not hold your cryptocurrencies and allow you to unlock financial freedom via our secure platform. Unlike other crypto exchanges, we offer traders the freedom to use any crypto wallet to conduct trades, giving them more control over their digital assets.We want to accelerate cryptocurrency adoption, so we've worked hard to develop one of the most secure platforms. We are also an Australian-owned and operated platform with access to various cryptocurrencies in our marketplace.
Are cryptocurrency and blockchain the same thing?
No, cryptocurrencies are digital currencies you can use to make online transactions. Blockchain is the decentralised platform that facilitates transactions between traders.
What kind of wallet do I need to receive my assets?
Currently all cryptocurrencies available on Elbaite are on the Ethereum and Bitcoin Blockchain, which means that any Ethereum or Bitcoin wallet which you own the private keys can be used. This could be a web wallet, mobile wallet, or hardware wallet. See below for our recommended list of wallets to use.

Recommended Wallets - These are our favourite Ethereum wallets but you can use any compatible Ethereum wallet you prefer:

- MyEtherWallet (MEW)
- MetaMask
- Trezor Hardware Wallet
- Ledger Hardware Wallet
What are the possible payment methods?
Elbaite currently offers the following payment options: PayID, OSKO and BSB & Account Number.

Self Custody crypto is made easy with Elbaite. Start your journey today.