If you’re looking to buy, sell, and invest in crypto, there is a wide array of exchanges to choose from. It’s important to choose the best crypto exchange in Australia that’s safe, reliable, user-friendly, and offers competitive fees and rewards.
It’s also wise to anticipate stricter regulations from the Australian Securities and Investment Commission, which will require all exchanges to register with the body to continue operations.
Our team of experts has over a decade of experience in the crypto industry and has carefully chosen the best Australian crypto exchanges for you to consider.
What Are the Best Crypto Exchanges in Australia?
| Exchange | Famous for | Currencies | Fee | Sign up Bonus |
|---|---|---|---|---|
| Crypto.com | Best for rewards | 250+ | 0 – 0.075% | |
| Bybit | Best for automated trading | 100+ | 0.02% – 0.1% | Up to 800 USDT |
| eToro | Best for diversifying | 70+ | 1% | $10 |
| Binance | Best for low fees | 400+ | 0.1% | Up to 100 USDT |
| Kraken | Best overall | 200+ | 0.1% | $50 with code |
| KuCoin | Best for advanced traders | 700+ | 0 – 0.3% | Up to 700 USDT |
| Coinbase | Best for beginners | 250 | 0.05% – 0.6% | Up to $400 |
| Prime XBT | Best for copy trading | 34 | 0.01% – 0.05% | $100 |
| Swyftx | Best Australian-based exchange | 320+ | 0.1% – 0.6% | $20 with code |
| CoinSpot | Best for security | 400+ | 0.1% |
1. Crypto.com
Best for rewards
Crypto.com has become one of the most popular exchanges after a series of high-profile partnerships, including Post Malone and Formula One. It also popularized its metal VISA debit cards for spending crypto day-to-day.
We were impressed to see that Crypto.com cards earn 10% cash back at over 300,000 retailers, on top of other rewards and bonuses for trading and spending crypto. The physical VISA cards are available in Australia, or virtual cards if you prefer to use your mobile device.
Multiple trade types are available, and trading fees are very competitive, starting at 0.075% and going down to zero for high-volume traders. From our testing, the platform is user-friendly for all levels and has an extensive set of features.
Pros
- Low fees
- Attractive rewards
- Great user experience
Cons
- Slow customer support at times
Crypto.com is unmatched for crypto spending and earning rewards.
More details
Crypto.com offers a straightforward approach to cryptocurrency trading. Opening an account with crypto.com is quick and easy. It includes state-of-the-art safety measures that make it safe for users to buy and sell crypto quickly. This crypto exchange is highly recommended for anyone looking to securely trade large amounts of cryptocurrency!
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250+ cryptocurrencies to choose from.
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Firm and unparalleled security to users.
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Earn interest in crypto.
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Top-rated mobile app.
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Low fees on trading and trading fee discounts.
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Slow identity verification.
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Customer service could respond faster.
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Lack of educational resources for new users.
2. Bybit
Best for automated trading
Bybit has extensive features for Australian crypto traders looking to automate their strategies. They have fully customizable and preset automated trading bots and the recently launched TradeGPT assistant.
We loved testing out TradeGPT, a conversational AI assistant that can answer questions about the crypto market and be trained as your personalized trading assistant.
Futures, margin, and derivative trading are available, providing substantial opportunities for experienced traders. Crypto staking and managed portfolios are also available.
Trading fees are quite low in Australia, ranging from 0.02% – to 0.1% depending on your trading volume and type.
Pros
- TradeGPT AI assistant
- Margins, derivatives, and futures available
- Low fees
Cons
- May be more difficult for new traders
Bybit is the industry leader in automated trading bots and AI-powered tools.
More details
Bybit is a leading futures trading platform globally, offering up to 100x leverage and attracting users who prefer to remain anonymous. With a presence in 180+ countries, it is renowned for its efficiency and unique features in cryptocurrency derivatives trading.
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The platform offers up to 100x leverage trading.
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Strong educational resources.
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Diverse markets for traders, spot, perp, and futures.
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Risk-free demo accounts to explore all key features.
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TradingView integration.
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The platform is difficult for beginners to navigate.
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It does not offer a quality spot trading feature.
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The NFT marketplace is limited in terms of options.
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Security is of the gold industry standard.
3. eToro
Best for diversifying
eToro offers a unique opportunity to manage traditional investment options and crypto on one platform.
From our testing, the social trading features set eToro apart for Australian crypto investors looking to copy the trades of its most successful users.
Only 70 crypto coins are currently available, but eToro offers the most popular coins, including Bitcoin, Ethereum, and Ripple.
eToro’s fees are on the higher end, going as high as 1% for copy trades, but the platform does have frequent signup bonuses to get free crypto.
It’s one of the top exchanges in Australia for those looking to include crypto in their broader investment strategy.
Pros
- Copy trading available
- Combine crypto with other investments
- Easy to set up
Cons
- Limited availability of coins
- Higher fees
eToro is great for Australians just getting started with their overall investment strategy or looking to diversify.
More details
eToro is a popular online trading platform for crypto assets, stocks, and ETFs, featuring low fees and a user-friendly interface. With a free eToro wallet and social features like messaging boards, users can copy experienced traders and access numerous assets. Take a look at what makes this platform perfect for starting your trading journey.
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Provides an attractive, communal atmosphere.
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Offers zero commission on ETFs.
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Extensive selection of educational resources.
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Mobile app with trading features.
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Smooth account opening and bank transfer.
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Limited number of cryptocurrencies.
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Limited customer support.
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No crypto-to-crypto trading pairs.
4. Binance
Best for low fees
Binance is the highest volume exchange in the world, providing strong liquidity and a wide set of trade types.
We can’t help but love the low trading fees at Binance, especially for high-volume traders. Fees are very competitive starting at 0.1%, and going down to zero with higher monthly trading volume and Binance coin (BNB) holdings.
Binance has various advanced trading tools available, including automated trading bots, margin trading, futures, and crypto derivatives. P2P trading is supported, and Binance has a mining pool to join if you have the computing bandwidth.
Australian crypto traders earn up to 100 USDT as a signup bonus and can earn additional free crypto through the Learn and Earn academy.
Pros
- Many trade types are available
- Automated trading bots
- Low fees
Cons
- Less focused on regional compliance
Binance offers the most competitive fees, especially for high-volume traders.
More details
Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
5. Kraken
Best overall exchange
Kraken is one of the largest exchanges globally, boasting a strong reputation and proof of reserves. We were encouraged to see that security measures are strong, with 2FA, data encryption, and ISO 27001 certification, and they have stated their commitment to keeping up with Australian regulations.
Kraken acquired a long-standing Australian and its founding team, Bit Trade, giving them a deep knowledge of the market, users, and compliance landscape.
Trading fees are a bit higher in Australia, starting at 0.26% but go down with higher trading volume, especially on their Kraken Pro membership. The trading platform strikes a balance between being intuitive for beginners and providing advanced trading tools on Pro.
We love that deposits and withdrawals are instant and free and that over 200 cryptocurrencies are currently available in Australia.
Pros
- Secure and compliant
- User friendly for beginners
- Proof of reserves
Cons
- Higher fees to start out
Kraken is the best overall exchange available, with a balance of reasonable fees, features, and security and compliance.
More details
Kraken Exchange offers a robust platform for serious crypto traders. It stands out with its diverse coin selection, advanced trading features, and competitive fees. However, its complex interface may prove challenging for beginners. Strong security measures further reinforce its reliability.
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Margin trading and staking.
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Support/chat is one of the best.
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Low trading fees to withdraw Bitcoin (BTC).
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Provides tons of resources for learning.
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Only a few fiat currencies.
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Doesn't accept debit cards or Paypal.
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Has three apps.
6. KuCoin
Best for advanced crypto traders
KuCoin is a well-known global exchange, with 1 out of every 4 crypto traders on the platform.
We love the massive selection of cryptocurrencies (700+) available, the largest on this list. This creates a ton of opportunities for day trading, arbitrage, and other crypto trading strategies.
The platform was built for experienced traders with more complex features and charting tools. We were excited to see that futures, derivates, and margins trading are all available, as well as lending and staking.
P2P transactions are supported, and even more features like automated trading bots are available on the Pro plan.
Trading fees are reasonable even for a low monthly trading volume, averaging 0.1% but going as low as zero for active traders. You can claim a signup bonus of up to 700 USDT, with a minimum deposit of 5 USDT.
Pros
- Huge selection of cryptocurrencies (700+)
- Advanced trading tools for experienced investors
- Low trading fees
Cons
- Steeper learning curve for beginners
KuCoin is perfect for experienced crypto traders with its massive selection of currencies and features.
More details
Kucoin stands out among other crypto exchanges due to its impressive span of 1100 markets and 600 digital currencies. This, coupled with a user-friendly interface and secure investment environment, has made Kucoin an increasingly popular choice. However, US customers can not use the trading platform.
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Ability to earn interest on crypto.
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Low fees.
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Good customer service.
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Volume discounts on fees.
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Features like margin and futures trading.
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Not licensed in the U.S.
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Lack of investment programs.
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Low trading volume.
7. Coinbase
Best for beginners
Coinbase is one the biggest exchanges in the world and is easy for beginner investors to start out with. While Australia has yet to solidify its compliance requirements for exchanges, Coinbase has successfully adjusted to other regions’ regulations.
We love the user-friendly interface and intuitive navigation, perfect for beginners. Our favorite feature is Coinbase Learn, which rewards you with free crypto for completing educational resources. You can earn up to $200 in crypto on top of up to $200 in sign-up bonuses, providing a solid start for new traders.
Fees are on the higher side starting at 0.6%, but go as low as 0.05% on premium plans and with higher crypto trading volume.
Coinbase Advanced is available for more experienced crypto traders, providing TradingView charting tools, more complex trade types, APIs, and lower fees. You can order a Coinbase card for day-to-day spending and earn rewards.
There’s also the option to earn up to 10% from staking.
Pros
- Great user interface
- Coinbase Learn provides free crypto
Cons
- Higher fees
Coinbase is the best exchange for beginners in Australia with a user-friendly interface and learning resources.
More details
Coinbase is one of the largest crypto exchanges in the world and a widely-used platform for buying, selling, and trading over 200 cryptocurrencies. It offers trading solutions for beginner, advanced, and institutional traders alike. Take a look at what makes it an excellent option for individual traders looking to trade in cryptocurrencies and beyond.
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A wide-selection of coin offerings.
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Most secure online crypto platforms.
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Top-rated mobile app.
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Easy interface and user-friendly.
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Expensive and complex fee structure for beginners
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Higher fees as compared to other cryptocurrency exchanges.
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Slow customer support.
8. Prime XBT
Best for copy trading
Prime XBT is popular with Australian investors because of its vast array of trade types, from traditional investment instruments to crypto futures trading.
The markets offered include Forex, Commodities, Indices, and more recently, Crypto. 34 crypto coins are currently available, a bit of a smaller selection.
We were intrigued by the copy trades feature which is available for all markets, allowing you to copy the strategies of successful traders. Anyone can make a strategy public through the Covesting Copy-trading Module to make extra income from fees, and the performance will be made visible.
Fees are very low on crypto futures at 0.02%. Advanced trading features and charting tools are available, on top of weekly market research reports.
Pros
- Excellent copy trading functionality
- Very low fees
Cons
- Not as many coins available
PrimeXBT has the best features for copy trading a blend of financial instruments.
More details
PrimeXBT is a comprehensive cryptocurrency exchange providing up to 100x leverage in margin trading! It also features unique trading tools, such as the "covering" feature, enhancing the security of trades and "turbo" trading option for its users. Despite these advantages, it's worth noting that PrimeXBT's unavailability in 14 countries that affects its overall market position.
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Simple Sign Up.
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Lower trading fees than competitors.
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Effective analysis tools and charts for trading.
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Supports 15 languages for diverse audience.
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Does not operate in the U.S. and Canada.
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No spot trading.
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No demo accounts to its new customers.
9. Swyftx
Best Australia-based exchange
Swyftx is a trusted Australian crypto exchange, with a user-friendly interface and solid security practices. They’re ISO 27001 certified and use measures like 2FA and biometric verification.
Over 310 coins are currently available, and the platform is well-equipped with features for more complex trades. All major deposit methods are available, including debit card deposit which isn’t as common in Australia.
We were impressed to see that instant withdrawals are available with 0% withdrawal fees.
Our readers looking to improve their crypto investing know-how will find a home at Swyftx. The Learn & Earn platform awards free crypto for completing educational content, and the demo trading account is a great way to practice trading strategies before risking your actual money.
Fees can be on the higher end for lower-volume traders, starting at 0.6% and going as low as 0.1%.
Pros
- No deposit and withdrawal fees
- Learn & Earn
- 24/7 live chat support
Cons
- High fees for low-volume traders
Swyftx is the best all-around exchange based in Australia, focused on traders based here.
10. CoinSpot
Best for security
CoinSpot is one of the most popular exchanges in Australia with over 2.5 million customers.
This cryptocurrency exchange prioritizes security, undergoing more third-party audits than any other Australian exchange, and receiving its ISO 27001 certification.
There’s a wide selection of coins available (410+) and most deposit methods are supported. Getting started and navigating the platform is relatively straightforward for beginners.
Fees are competitive with other top exchanges in Australia at 0.1%. Customer support is available 24/7 through live chat and is responsive compared to some other platforms.
Pros
- Strong security measures
- Wide selection of coins
- 24/7 customer support
Cons
- Not a lot of advanced trading types and features
CoinSpot is the best crypto exchange in Australia for security and compliance.
What Are the Best Crypto Trading Apps in Australia?
Coinbase is one of the best crypto mobile apps we tested, with an easy interface and a massive user base. Coinbase has built custom versions to meet the needs of specific regions and work seamlessly with Australian banks. The mobile app has a 4.7 rating on the Apple Store with a whopping 1.7 million reviews and a 4.2 rating on Google Play with nearly 800,000 reviews. It’s been put to the test and is the overall most trustworthy, user-friendly app.
Prime XBT has a mobile app that allows you to manage a diverse portfolio on the go. We love the ability to trade commodities, indices, and crypto all in one app. It has a 4.6 rating on the Apple Store and a 4.0 rating on Google Play with several thousand reviews collectively.
Kraken has a beginner-friendly mobile app available in Australia, with intuitive navigation and easy access to Australian Dollars (AUD) deposits and withdrawals. It has a 4.7 rating on the Apple Store with over 5,000 reviews and a 4.1 rating on Google Play with over 24,000 reviews.
Can I Buy Bitcoin Easily in Australia?
Yes, Bitcoin and other cryptocurrencies can be easily purchased on a number of Australian exchanges.
Here’s a quick start guide for buying Bitcoin in Australia:
- Create an account on a cryptocurrency exchange and verify your identity and banking information for deposits.
- Choose how much AUD to deposit in order to buy cryptocurrency on the exchange.
- Select the cryptocurrency you want to buy and how much of your available funds to use. You’ll see how much of the coin you can purchase, and once you confirm, you own the crypto in your wallet.
How Can I Start Trading on These Australian Crypto Apps and Exchanges?
- Find a beginner-friendly cryptocurrency exchange that’s available in Australia, for example, Crypto.com, Coinbase, or Kraken. Reference this list for our top picks.
- Create an account and secure a password, saving your unique wallet keys somewhere very safe. This is key to being able to access your funds and avoid theft.
- Complete identity verification and any other necessary steps as prompted by the signup process.
- Once your email and identity have been verified, connect a bank account, credit card, or debit card to deposit funds into your account. Fees and interest are lowest with bank account transfers.
- Once your payment method has been connected and verified, choose an amount of AUD to deposit in your digital currency exchange account. You’ll use this to purchase crypto on the exchange.
- Use the funds to purchase the cryptocurrencies of your choice, and you’ll see how much your AUD corresponds to in the selected currency (i.e. Bitcoin, Ethereum, Solana) before confirming your purchase.
- Repeat these steps if you want to increase your crypto investments, or strategically buy and sell different currencies based on market movements. The exchange will have charts available and real-time alerts to help you monitor price changes.
Is Swyftx or CoinSpot better?
Swyftx is our pick for the top Australian-based crypto exchange. It has a more robust set of features and competitive fees, while still being secure and reputable.
How We Choose the Best Crypto Exchange in Australia
Regulatory compliance
We always take time to review the regulatory landscape of the country when choosing the best cryptocurrency exchange for our readers living there.
Australia currently has minimal restrictions and regulations on cryptocurrency trading and exchanges. The government is working to introduce stricter laws and registration requirements that exchanges will need to comply with, so this may become a larger consideration in the future.
We did give higher weight to exchanges that have a track record of becoming compliant in other countries that introduce similar regulations, and to Australia-based exchanges as they’re familiar with the landscape.
Security
Security is always a high priority when we review exchanges, and we ensure our top picks are reputable and use robust security measures.
We look for Multi-Factor Authentication (MFA), data encryption, cold wallet storage, and security certifications. In Australia, the most secure exchanges have received their ISO 27001 certification which we mention in our reviews.
Availability of currencies
To recommend the best exchange for Australians, we looked for the availability of AUD for deposits and withdrawals, and support for regional financial institutions.
We also considered the available selection of cryptocurrencies, as having a variety is beneficial for trading flexibility.
Trading fees
We reviewed the fee structure for each exchange to help our readers choose which one best aligns with their goals.
Fees can significantly cut into earnings, especially with frequent trades, so it’s important to be aware of what to expect.
User interface and experience
An easy user interface and an enjoyable overall experience are some of the main factors we look at when testing crypto exchanges.
We make sure the platforms would be easy for beginners to adjust to, or that they support more advanced features for experienced traders.
Customer service
Running into questions or issues is likely to happen at some point, so it’s important to have responsive customer support.
We read reviews for the customer service of each exchange and tested them ourselves as well, looking for live chat support offered around the clock ideally.
How Do I Choose the Right Crypto Exchange for Me?
Choosing the best crypto exchange for you comes down to a few key factors, including your preferred payment method, level of expertise, trading strategy, and trading volume.
First off, the exchange needs to be available in your region and support your payment methods. Ensure your bank is compatible or that you can use credit cards if you prefer.
If you’re new to crypto trading, look for a seamless user interface and a learn-and-earn program to earn free crypto for completing educational resources. If you’re more experienced, look for advanced charting and trading tools.
You also need to consider your intended trading strategy or the types of trades you want to do. Make sure the exchange you choose has the trading options you need, for example, futures, derivatives, and margins trading.
If you need a large selection of cryptocurrencies or simply want to trade a specific coin, check that the exchange has that available.
Depending on your trading approach and overall investing goals, fees can play a big role. Look at the fee structure of the exchange before deciding to avoid hidden fees down the road.
Which Crypto Exchange Has the Lowest Fees in Australia?
| Crypto Exchange | Deposit Fees (Bank Transfer) | Withdrawal Fees (Bank Transfer) | Traiding Fees |
|---|---|---|---|
| Crypto.com | Free | 0.05% | 0 – 0.075% |
| Bybit | Free | 0.05% | 0.02% – 0.1% |
| eToro | Free | $5 | 1% |
| Binance | Free | 0.1% | 0.1% |
| Kraken | Free | 0.04% | 0.1% |
| KuCoin | Free | 0.1% | 0 – 0.3% |
| Coinbase | Free | $25 | 0.05% – 0.6% |
| Prime XBT | Free | 0.05% | 0.01% – 0.05% |
| Swyftx | Free | $10 | 0.1% – 0.6% |
| CoinSpot | Free | Free | 0.1% |
What Makes a Crypto Exchange Trustworthy?
A crypto exchange is trustworthy based on its history, reputation, regulatory compliance, security measures, and transparency.
The largest exchanges have a proven track record of proper operation and customer satisfaction. Trustworthy exchanges are known and discussed in the crypto community and often become widely adopted.
Compliance with local regulations is also critical, as it can impact the exchange’s ability to operate in that region. It also ensures that they’re following a basic set of guidelines for practicing ethically.
Publicizing and prioritizing security measures also makes a crypto exchange more trustworthy. Using industry-leading security practices like two-factor authentication (2FA), end-to-end encryption, and cold wallet storage are good indications to look for.
How Do Australian Banks Interact with Crypto Platforms?
There are currently no limitations on using Australian bank accounts on a crypto trading platform for depositing and withdrawing funds.
While most exchanges take 1-3 business days to complete bank transfers, some even support instant transfers after the initial account verification.
As with all other funds and sources of income, cryptocurrency transactions are subject to local tax laws and reporting requirements, and you’ll need to pay the associated taxes on any gains.
What Are the Risks of Using a Crypto Exchange in Australia?
There are risks associated with any type of investing, as there’s the chance that you lose your money depending on how the market behaves. Cryptocurrency investing is no exception, so be sure to make informed decisions and invest a comfortable amount of money.
There are also always risks of theft or breaches in data security, but you can take certain steps to mitigate this including setting a strong password, changing your password regularly, and using a cold wallet to store your funds.
Regulatory risks can become an issue as governments adjust to cryptocurrency trading and decide how to handle them. An exchange can suddenly be banned in your country if the laws or compliance requirements change.
Yes, Coinbase is safe and reliable to use in Australia. It’s one of the best crypto exchanges in Australia and operates securely in most regions.
Yes, Binance is allowed to operate in Australia and is readily accessible through its desktop and mobile app.
Crypto exchanges are currently fully legal in Australia, with minimal restrictions. Local regulations may change in the coming year as the government reviews new legislation.
Coinbase is the most popular global exchange that’s available in Australia, while Swyftx is the most popular Australian-based exchange.
