10 BEST Crypto Exchanges in Australia (2023 Review)

When you first step into the cryptocurrency market, you should begin by selecting a reliable and convenient exchange. And considering the increasing interest of Australians in cryptocurrency, several reputable exchanges that cater to this market have emerged. Thus, choosing the best crypto exchanges in Australia is very important.

But, don’t worry because we’ve done the legwork to help you find the best cryptocurrency exchange for your needs. This article evaluates the key aspects of each cryptocurrency exchange, including its regulatory status, coin offerings, fee structures, customer support, trading platforms, and more.

These are the best crypto exchange in Australia.

Top 10 Best Crypto Exchanges in Australia

Binance

Binance Logo - Top Australian Crypto Exchange
Binance Logo

Binance is the best crypto exchange in Australia. And, if you want to engage in spot trading actively, it may be your best bet. Also, it supports over a thousand markets. Hence, you’ll never run out of trading options. This figure includes not only crypto-cross pairs but also fiat-crypto pairs.

Binance

It is an advanced cryptocurrency exchange with low fees, making it the finest crypto exchange platform in Australia to build a superior crypto portfolio. There are roughly 30 million registered users, making it the most popular exchange in terms of user base and trade volume. The platform has a US$1 billion insurance fund and is AUSTRAC-approved.

Over a hundred different coins can be staked, saved, or farmed for yield on the exchange, providing users with various earning options. In addition, several complex trading features, including various order types, automated trades, and charting tools, are available on the platform for more seasoned traders.

BNB is the native currency of the Binance Smart Contracts platform and provides users with several advantages. In particular, when you use BNB as payment for trading, you can save 25% on spot trades and 10% on futures contracts.

Screenshot of Binance Exchange
Screenshot of Binance Exchange
Withdrawal FeesVariable
Payment MethodsBank transfer, credit or debit card, Osko, PayID, crypto
Trading Fees0-0.1%
Deposit FeesNone

Pros

  • Easy-to-use
  • It has over 1000+ cryptocurrencies
  • Low commissions
  • Supports fiat money deposits and withdrawals

Cons

  • Not regulated 

Official Website: https://www.binance.com/en-AU

Binance USDT

eToro

eToro Logo
eToro Logo

eToro stands out as Australia’s top crypto exchange for many reasons. It is authorized and controlled by several prominent organizations, including the Australian Securities and Investments Commission (ASIC). In addition, the Financial Conduct Authority (UK) and the Securities Exchange Commission (USA) provide further authorization.

Such a safety level implies that you can confidently purchase, sell, and exchange cryptocurrency without questioning the platform’s authenticity.

Creating a crypto trading account with eToro is as easy as providing basic information about yourself and uploading a photo ID. You can then make quick deposits via an Australian debit/credit card or PayPal. There is also an option for bank transfers. All accepted deposit methods incur a 0.5% fee, and your account must have a minimum of $50 in funds. 

Bitcoin, AAVE, Dogecoin, Ethereum, XRP, Litecoin, Cardano, and Shiba Inu are just a few of the many crypto assets included on eToro’s extensive list of supported markets.

Binance Zero

Since its establishment in 2007, the exchange has added several social features, including a newsfeed modeled like Facebook’s that facilitates direct communication with other traders. Traders can share information, discuss strategies, and make informed price predictions with one another. 

eToro was the first to introduce copy trading back in 2010. With this feature, you may observe the transactions of seasoned traders and mimic them. You can get started in no time by selecting a trader whose trades you wish to mimic and then configuring your account to do so. The cost of this feature starts at US$200, with the maximum amount being US$500,000.

Screenshot of eToro Exchange
Screenshot of eToro Exchange
Withdrawal FeesUS$5
Payment MethodsBank transfer, Neteller, debit card, online banking, PayPal, Skrill
Trading FeesFees vary; weekend and overnight fees apply
Deposit FeesVariable

Pros

  • Regulated by ASIC
  • Super low trading fees
  • Copy trading tools
  • Supports dozens of coins

Cons

  • Not ideal for advanced traders

Official Website: https://www.etoro.com/au/

Coinbase

Coinbase Logo
Coinbase Logo

Coinbase is a secure and easy-to-use crypto exchange platform founded in 2012.

Binance USDT

It has a three-step approach to investment which is great for newcomers. 

To get started, you will need to create an account and provide an official form of identification. Once you have shared your payment information, you can start trading instantaneously.

You will be charged 3.99% more when you pay with a credit or debit card on this online platform. Money transfers from an Australian bank account are a fee-free alternative for making deposits. Coinbase also charges a 1.49% commission once your funds are credited.

Coinbase exchange allows users to buy and sell various cryptocurrencies, starting at just $2. It also provides crypto staking services for people who want a return on their digital assets. An additional service provided by Coinbase includes a mobile app available on Android and iOS at no cost. 

Binance Zero
Screenshot of Coinbase Exchange
Screenshot of Coinbase Exchange
Withdrawal Fees1%
Payment MethodsCredit/debit card, PayPal, online banking, crypto, PayID
Trading Fees0.4-0.6%
Deposit FeesVariable

Pros

  • Supports 50+ coins
  • Great security features
  • Multiple payment options
  • Perfect for beginners

Cons

  • Limited trading tools

Official Website: https://www.coinbase.com/

CoinSpot

Coinspot Logo
CoinSpot Logo

Since its inception in 2013, CoinSpot has established itself as Australia’s most trustworthy and secure cryptocurrency exchange. It is Australia’s largest cryptocurrency exchange, with over 2.5 million members, and the most audited crypto platform with ISO 27001 accreditation.

It complies with AUSTRAC guidelines, is a member of Blockchain Australia, and is officially registered with the Australian Securities and Investments Commission.

When it comes to buying coins using Australian dollars, CoinSpot has one of the widest selections (370+). With CoinSpot, you may buy cryptocurrency in three distinct ways:

  • The Instant Buy You can purchase straight from the market if you choose this option.
  • Market Trade – Here, customers can deal straight with sellers.
  • OTC Trades This is the best choice for major purchases because you can do it over the counter for only 0.1%.

No other Australian exchange supports staking for as many coins as CoinSpot does. In the long run, this is a great method for crypto holders to make their money work for them. The platform also has a user-friendly interface that users can rely on for a smooth and uncluttered experience. For people just getting started with crypto, CoinSpot is an excellent choice. 

Screenshot of Coinspot Exchange
Screenshot of CoinSpot Exchange
Withdrawal FeesNone
Payment MethodsBank transfer, cash, BPAY Cryptocurrency, PayID, POLi
Trading FeesInstant buy/sell: 1%Market order: 0.1%OTC: 0.1%
Deposit FeesPOLi, PayID and Direct Deposits: 0BPAY: 0.9%Card: 2.58%Cash: 2.5%

Pros

  • Extremely easy to use
  • Offers instant buy
  • Trade 350+ cryptocurrencies
  • Regulated by AUSTRAC

Cons

  • Moderately above-average trading fees

Official Website: https://www.coinspot.com.au/

Crypto.com

Crypto.com Logo
Crypto.com Logo

Crypto.com is another great option for Australians looking to buy and sell cryptocurrencies. Regular traders may already be familiar with Crypto.com due to the platform’s meteoric rise in popularity over the past 18 months, which has attracted more than 10 million members.

Customers can trade on Crypto.com via their website or mobile app. Crypto.com users who pay their trading costs with CRO (the platform’s native token) receive a 10% discount.

The official Crypto.com app, accessible on iOS and Android, is more user-friendly for beginners. The app is the center of the Crypto.com trading interface. It lets customers buy cryptocurrency quickly with a credit or debit card. There is typically a fee of up to 4% associated with this method. Still, the broker covers this fee during the first 30 days of trading.

The app supports free Australian Dollar (AUD) deposits, which users can use to buy cryptocurrency. Simple pricing charts and live data are also available within the app, making it simple to track any price changes. With the company’s convenient crypto debit card, you may utilize your Crypto.com trading balance just like regular cash.

When trading cryptocurrencies on the spot market, the online service is equally convenient and lets you choose your pricing. This feature could be a simple entry point into regular cryptocurrency trading.

Screenshot of Crypto.com Exchange
Screenshot of Crypto.com Exchange
Withdrawal FeesVariable
Payment MethodsCryptocurrency, bank transfer, wire transfer, debit/credit card
Trading FeesMaker: 0%Taker: 0.04-0.06%
Deposit FeesNone

Pros

  • Extremely easy to use
  • Support 200+ cryptocurrencies
  • Has a great mobile app
  • Good customer support

Cons

  • Higher fees as compared to competitors

Official Website: https://crypto.com/

Kraken

Kraken Logo
Kraken Logo

Kraken is our top choice for Australian traders because of its advanced features. Customers can place orders, including stop-loss, market, and limit orders, and use fully-customizable charts. It is situated in the United States and is subject to stringent restrictions, which is great for customers seeking a highly secure trading platform. Kraken is easily one of the safest crypto exchanges in the world.

Kraken is known for having extremely high liquidity and a daily trade volume that consistently surpasses US$500 million. As a result, slippage is less of a concern for traders. High-net-worth traders can negotiate rates as low as $0 because trading fees depend on volume.

Another perk is its API compatibility, allowing savvy traders to build extensions easily. Kraken is comparable to other exchanges in that both offer various services and a large selection of coins for a relatively low fee. However, Kraken varies in its increased emphasis on security and a smaller selection of coins.

You can instantly buy and sell cryptocurrencies at a 1.5% additional charge. Crypto staking, margin trading, and futures are just a few of the valuable extra tools available on the platform.

For Australian traders, Kraken’s restriction to 19 different cryptocurrencies when trading against the AUD can be a drawback. However, this will not be a concern if you only intend to trade the most liquid currencies.

Screenshot of Kraken Exchange
Screenshot of Kraken Exchange
Withdrawal FeesVariable
Payment MethodsAlmost all
Trading FeesMaker: 0.00% – 0.20%Taker: 0.00% – 0.26%
Deposit FeesVariable

Pros

  • Staking opportunities
  • 24×7 support
  • Wide range of fiat currencies
  • Advanced order types

Cons

  • Fewer assets than some competitors

Official Website: https://www.kraken.com/

Swyftx

Swyftx Logo
Swyftx Logo

Swyftx is a great option if you’re looking for an Australian cryptocurrency exchange with a wide variety of tools for both novice and experienced traders. This platform boasts a user-friendly layout, demo mode, cheap fees, live chat support, and the possibility to stake cryptocurrency.

The number of coins you can purchase with AUD on Swyftx stands at over 320. It is growing steadily as the platform is regularly integrating additional coins. Buying, selling, and trading cost 0.6% per transaction, and the average spread is a very reasonable 0.51%. Additionally, all AUD deposits and withdrawals are free of cost.

Earn, which allows users to earn a profit on the coins they have in the account, is another popular product offered by Swyftx. It allows you to acquire more BitCoin while actively engaging in a transaction rather than just sitting on your funds and hoping for a price increase. This function only takes a handful of clicks to activate, making it simple for those who are just getting started. 

Swyftx also provides a Demo mode through which users can practice trading with a virtual $10,000 balance and no real money at stake. You may get a feel for how things function by seeing prices that sync with the current market price of cryptocurrencies.

Screenshot of Swyftx Exchange
Screenshot of Swyftx Exchange
Withdrawal FeesNone
Payment MethodsBank transfer, cryptocurrency, credit/debit card, PayID, POLi
Trading Fees0.6%
Deposit FeesUp to 4%

Pros

  • Great and intuitive user interface
  • Extremely competitive crypto spreads
  • Integrated TradingView charts
  • API for automated trading

Cons

  • No instant buy option

Official Website: https://swyftx.com/au

BitDD

BitDD Logo
BitDD Logo

BitDD is a safe cryptocurrency exchange that facilitates sophisticated currency and derivatives transactions for leading digital assets, including BTC, ETH, and USDT.

The platform’s purpose is to make crypto more accessible, trustworthy, and easy to understand so that more people may benefit from digital trading assets. The simplicity of it’s signup process is arguably more appealing than the company’s security features.

To begin trading and profiting from the site, you must sign up and deposit funds. In addition, an exclusive VIP account manager can walk users through the platform’s many functions and perks.

Access a suite of user-friendly data analysis tools through BitDD’s premium Fast Trades. Users can make more informed and lucrative financial selections with this function. It also makes it easier for inexperienced traders and those with restricted availability to profit from the cryptocurrency market.

You will not incur trading costs for the first 90 days after account activation. Traders can become familiar with the platform’s features and functions, increasing the likelihood of religiously utilizing it for future trades. For this reason, BitDD is rapidly becoming one of the most popular cryptocurrency trading platforms, with its users exceeding half a million.

Screenshot of BitDD Exchange
Screenshot of BitDD Exchange
Withdrawal FeesVariable
Payment MethodsBank transfer, credit/debit card, PayID, cryptocurrency, PayPal
Trading FeesFree for the first 90 days, 0.75% post that
Deposit FeesVariable

Pros

  • Zero transaction fees for 90 days
  • VIP Account Manager
  • Offers great rewards to its users
  • Licensed exchange

Cons

  • Limited trading pairs

Official Website: https://bitdd.com/au

Capital.com

Capital.com Logo
Capital.com Logo

Regulators authorize CFD broker Capital.com to provide services in the leveraged trading of cryptocurrency derivatives. ASIC rules allow you to use the leverage of up to 1:2 when placing buy and sell orders. If you put down $2,000 to establish a position, you might put down $4,000 thanks to leverage.

To add to the value of trading crypto CFDs on Capital.com, they do not levy commission fees, and you will only have to pay the market spread. In addition, Capital.com allows for both short and long positions, allowing you to earn from either an increase or a decrease in the price of cryptocurrencies.

If you need access to a wide range of marketplaces, Capital.com is a great choice, as you can trade more than 470 cryptocurrency pairs here, in addition to fiat currency pairs. 

Capital.com has a low deposit requirement of just $20 when you use a debit/credit card or an e-wallet to add funds to your account. A larger amount of $250 is required to transfer money from a bank account. In any case, there are no service fees associated with using this platform.

Capital.com can be accessed with any modern web browser. You can also get the Capital.com app from the App Store or Google Play. The app syncs with your primary Capital.com account for hassle-free trading anytime and anywhere. Finally, Capital.com is remarkable because its extensive educational section provides a wealth of learning resources and recommendations for crypto enthusiasts.

Screenshot of Capital.com Exchange
Screenshot of Capital.com Exchange
Withdrawal FeesNone
Payment MethodsBank transfer, credit/debit card, PayID, Crypto, PayPal, online banking
Trading FeesNone
Deposit FeesVariable

Pros

  • Over 470 crypto markets
  • No deposit or withdrawal fees
  • Licensed CFD exchange
  • Competitive spread

Cons

  • Lack of customer support options

Official Website: https://capital.com/

Coinstash

Coinstash Logo
Coinstash Logo

Coinstash gives users access to a wider variety of cryptocurrencies than any other domestic exchange. A great majority of coins and tokens may be accessed using the platform’s DeFi Connector, which enables KYC-validated traders to buy and sell well-known high-cap cryptocurrencies in addition to lesser-known altcoins that are exclusively available on-chain.

The Coinstash DeFi Connector uses decentralized finance aggregators to acquire cryptocurrencies at the most competitive prices and with the fewest associated gas fees at the moment of purchase. As a result, Australian Dollars are quickly converted into the appropriate cryptocurrency. In addition, your Coinstash wallet gets credited with the funds shortly after you have verified a buy order.

The Coinstash DeFi Connector can connect to over six blockchains like Ethereum, Avalanche, BNB Smart Chain, Polygon, and more. Every transaction can be checked on the blockchain with fire blocks to ensure safety.

Screenshot of Coinstash Exchange
Screenshot of Coinstash Exchange
Withdrawal FeesVariable
Payment MethodsBank transfer, PayID, cryptocurrency
Trading Fees0.85%
Deposit FeesNone

Pros

  • 1,000+ cryptos available
  • Great for beginners
  • Easy-to-use
  • Safe

Cons

  • Requires mandatory KYC

Official Website: https://coinstash.com.au/

Comparison of the Best Crypto Exchange Options in Australia

Crypto ExchangeWithdrawal FeesPayment MethodsTrading FeesDeposit Fees
BinanceVariableBank transfer, credit/debit card, Osko, PayID, cryptocurrency0-0.1%None
eToroUS$5Bank transfer, Neteller, debit card, online banking, PayPal, SkrillVariableVariable
Coinbase1%Credit/debit card, PayPal, online banking, cryptocurrency, PayID0.4-0.6%Variable
CoinspotNoneBank transfer, Cash, BPAY Cryptocurrency, PayID, POLiInstant buy/sell: 1%Market order: 0.1%OTC: 0.1%POLi, PayID and Direct Deposits: 0BPAY: 0.9%Card: 2.58%Cash: 2.5%
Crypto.comVariableCryptocurrency, bank transfer,  wire transfer, debit/credit cardsMaker: 0%Taker: 0.04-0.06%None
KrakenVariableAlmost allMaker: 0.00% – 0.20%Taker: 0.00% – 0.26%Variable
SwyftxNoneBank transfer, cryptocurrency, credit/debit card, PayID, POLi0.6%Upto 4%
BitDDVariableBank transfer, credit/debit card, PayID, PayPal cryptocurrencyFree for the first 90 days, 0.75% post thatVariable
Capital.comVariableBank transfer, credit/debit card, PayID, cryptocurrency, PayPal, online bankingNoneVariable
CoinstashVariableBank transfer, PayID, cryptocurrency0.85%None

FAQs

Which Australian Crypto Exchanges Have No Fees?


There’s no such thing as zero fees. Crypto exchanges charge fees in the form of spread. 

When deciding on an exchange, you’ll need to weigh several expenses. Although transaction fees are the most obvious form of cost, “spreads” can quickly mount up to significant sums. 

When comparing Australian cryptocurrency exchanges, Binance Australia and Swyftx have competitive spreads. Capital.com offers 0% spreads on bitcoin CFD trading. Binance costs only 0.10% of every trade if you prefer spot trading.

Which is the Safest Crypto Exchange in Australia?

The most secure markets have taken precautions like registering with AUSTRAC, implementing two-factor authentication (2FA), creating an insurance fund, and storing customer funds in frozen wallets.

Only CoinSpot, Independent Reserve, and BTC Markets are ISO 27001-certified in Australia as of January 2023. These accreditations indicate that they have passed stringent audits and are compatible with common security protocols.

How to Buy Cryptocurrency in Australia?

Using a cryptocurrency exchange to buy cryptocurrency is easy. Sign up for an account, confirm your identity, deposit funds, and then buy the cryptocurrency of your choice. The process is similar to most online exchange platforms.

Which Are The Best Cryptocurrencies to Buy in Australia?

It is challenging to analyze which cryptocurrency is the best to invest in Australia. Most Aussies have a penchant for Bitcoin and Ethereum, which makes sense considering the positive future projections for both coins.

It is important to do your homework before committing to any of them. In the coming years, they can mutually benefit from one another. Unlike many cryptocurrencies, Bitcoin and Ethereum are more likely to see future use.

Final Words

It’s important to note that not all cryptocurrency exchanges are the same. They do not have the same requirements when making a transaction and have contrasting features for you to use. You must perform your research, as the optimal trade for one person may not be the finest option for another.

To begin using the best crypto exchange in Australia, compare how well each platform fits in with your long-term investment objectives, budget, and other needs by comparing their features, fees, pros, and cons.

This was a complete guide on the best crypto exchange in Australia. We hope you liked this post. Check out our other blogs for more valuable content.

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