Best Crypto Exchanges in Australia 2023

Disclaimer: This website is supported by its visitors. We may earn commissions on purchases made via the links we provide on our site. This does not affect our reviews or other comparisons.

Let’s get straight into it, if you’re looking for a reliable and trustworthy Australian crypto exchange, the factors that seem to be most important are fees, support, supported cryptocurrencies, and safety!

These are the exact factors we also used to find the best crypto exchange for Australia

While there are new players popping up all the time, the exchanges below are – in our opinion – the best ones at the moment.

Best Crypto Exchange in Australia

  1. Swyftx – Overall Best Australian Crypto Exchange
  2. Binance – Best Exchange for Day Trading
  3. Coinspot – Best Australian Exchange for Beginners
  4. Bybit – Best for Active and Advanced Traders
  5. – Best for Passive Income
  6. Digital Surge – Best Crypto Exchange for Value
  7. Coinjar – Best For Crypto Bundles
  8. Independent Reserve – Best for Crypto Insurance
  9. eToro – Best for Copy Trading
  10. Coinbase – Experience Global Exchange
  11. Bittrex – Best for Multiple Order Types
  12. Coinmama – Best International Crypto Broker with Great Payment Options
  13. Kraken – High Liquidity Exchange
  14. KuCoin – Great for Wide Selection of Cryptocurrencies
  15. Bitfinex – Great for Margin Trading and Derivatives
  16. Easy Crypto – Fastest and Easiest Way to Trade Crypto in Australia

Disclaimer: Investing, trading, or dealing with crypto and digital currencies can carry a great deal of risk. The prices fluctuate, and the performance of these currencies is uncertain. You should consult with a financial advisor or seek opinion independent of this website before acting upon the information offered.

1. Swyftx: Best Crypto Exchange Overall

Swyftx homepage

Swyftx logo

Country: Australia
Trading Fees: 0.6%
Withdrawal Fees: Cryptocurrency: None, AUD withdrawals: $0
Deposit Fees: Cryptocurrency: None , AUD deposits: $0
Deposit Methods: Bank Transfer, PayID, Osko, Cryptocurrency, Debit Card, Credit Card

Swyftx is undoubtedly our favourite Australian cryptocurrency exchange. It has the most user-friendly trading platform and a great customer support team. They are registered with AUSTRAC and follow all KYC/AML standards. Since its launch in 2017, Swyftx quickly established itself as one of Australia’s leading exchanges.

The creators aimed to build an innovative trading platform that would provide users with everything they need to trade cryptocurrencies in terms of features and accessibility. The platform’s popularity has skyrocketed as today, the platform has over 250,000 active users.

The exchange makes day trading a breeze by letting you immediately exchange, purchase, and sell coins. The deposit methods in AUD include bank transfer, POLi, or PayID. The customer support team at Swyftx is very helpful and always available for any question or concern you might have. Users can reach Swyftx customer support via the live chat button on their website, by email, by phone, or by visiting the help section on the website.

Some additional features that have played a major role in Swyftx’s rise to prominence include competitive trading fees and low spreads, more than 260 available crypto, an intuitive desktop interface, and a user-friendly app.

Swyftx also provides more advanced features for experienced traders. You can, for example, personalize your dashboard with your favourite KPIs, utilize TradingView graphing, set up regular payments, and have Swyftx create tax reports for you.


  • Offers yield on AUD stablecoins
  • High customer support score on Trustpilot
  • Competitive APY on supported cryptocurrencies
  • No lock-in period
  • Simple platform to get started earning


  • APY reduces after a certain deposit threshold is reached
  • Fewer assets than some competitors

Read our full Swyftx review!

2. Binance: Best for Day Trading

Binance Exchange Logo

Country: Global
Trading Fees: 0.1%
Withdrawal Fees: Vary
Deposit Fees: None
Deposit Methods: Credit card, Cryptocurrency, Debit card, Osko, PayID

Binance is one of the most well-known cryptocurrency exchanges. It provides over 200 different cryptocurrencies in addition to its own token, BNB.

Binance is a great option for traders who love exploring new currencies as well as for those who wish to trade only with well-known ones. The most well-known cryptocurrency options are Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Stellar (XLM), Bitcoin Cash (BCH), and Ripple (XRP). The exchange also provides an extensive selection of DeFi tokens, including UNI, MKR, CAKE, XVS, LINK, AAVE, REN, SUSHI, COMP, SXP, YFI and 1INCH and many more. The stablecoins that are available include Tether (USDT), Binance USD (BUSD) along with Tether (USDT).

Another reason we recommend Binance is the platform’s Secure Asset Fund for Users also known as SAFU. SAFU can be described as an emergency account that pays its customers in the event that the funds they have invested are stolen from the exchange.

But don’t worry - the exchange is considered safe and has a large range of security features like 2FA through SMS, whitelisting withdrawal addresses and anti-phishing codes. In addition, like any centralized exchange, Binance customers are required to adhere to the KYC (know-your-customer) identity check by providing ID, passport, or another government-issued document.


  • Frequently launching new products
  • Integration with DeFi markets
  • NFT marketplace
  • Access to exclusive crowdfunding opportunities
  • Extensive earning hub with rewards


  • No margin trading or derivatives for Australians

Read our full Binance review!

3. CoinSpot: Best for Beginners

Country: Australia 
Trading Fees: Instant buy/sell: 1% , OTC: 0.1% , Market order: 0.1%
Withdrawal Fees: AUD withdrawals: $0
Deposit Fees: POLi, PayID and direct deposits: None , BPAY: 0.9% , Cash: 2.5% , Direct Deposit: 0% , Direct bank transfer: None
Deposit Methods: Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID

CoinSpot is a great Australian crypto exchange with a simple-to-use and clutter-free interface, making buying and selling your first cryptocurrency as easy as pie. The exchange was established in 2013 in Melbourne to make cryptocurrency investments and purchases more readily available to institutional and retail traders. 

Russell Wilson, the platform’s founder, is a cryptocurrency enthusiast with expertise in software engineering and cybersecurity. He’s been extremely outspoken on social media and online forums over the years regarding the principles that represent his organization’s values such as top-of-the-line security and professional crypto trading tools.

CoinSpot started as a Bitcoin-only exchange, however, as the number of cryptocurrencies increased, so did the interest to invest in them, driving CoinSpot to expand its supported cryptocurrency listing. CoinSpot is currently one of the most popular crypto exchanges in Australia with a wide range of trading tools and an instant buy & sell feature that enables users to trade easily whenever they want.

Moreover, CoinSpot is one of the few digital currency exchanges in Australia that allows users to purchase and sell decentralized financial (DeFi) tokens. It also offers an OTC desk for large-volume orders and accepts a variety of deposit


  • Australia-based platform
  • Relatively low fees for buying NFTs
  • Access several popular NFT collections
  • Integrated with OpenSea, the world’s largest NFT market
  • Buy NFTs with any crypto in your wallet


  • NFTs can’t be purchased with AUD

Read our full CoinSpot review!

4. Bybit: Best for Active and advanced traders

Bybit exchange logo




Country: Singapore
Trading Fees: Spot trading: 0.1%; Derivatives trading: 0.01% for makers, 0.06% for takers
Withdrawal Fees: Does not support direct fiat withdrawals
Deposit Fees: $0
Deposit Methods: Bank Transfer, Visa/Mastercard, Google Pay, and Apple Pay

Bybit was launched by Singapore at the beginning of March in 2018 and is made up of experts from the forex sector as well as tech firms and investment banks, as well as the who were the first to use blockchain technology. Bybit is a registered cryptocurrency exchange in the British Virgin Islands, and has more than 2 million customers at the time of writing this.

Bybit is a great cryptocurrency trading site because it is a specialist in the field of advanced cryptocurrency trading. It has a variety of features that are suitable for beginners as well as experienced traders.

Because Bybit is one of the largest digital trading exchanges of currency derivatives in the cryptocurrency market (with over 2 million customers! ) It also has large liquidity, with their daily volume can exceed $10 billion. Bybit provides Inverse Perpetual Contracts, USDT Perpetual Contracts and Inverse Futures Contracts for their derivatives option.

Alongside a number of other trading platforms for cryptocurrency, Bybit also has a Testnet platform that allows customers to test trading using crypto without the need to invest any money or cryptocurrency. This is a great option for people who are just starting out and wish to master trading without spending a single penny.

If you’re looking to do what you’ve always wanted to do, Bybit offers fiat gateway to deposit funds that are convenient. While Bybit doesn’t support deposits made in fiat currency directly however it is possible to access their fiat portal through the Buy Crypto button that is located in the upper left of their website. Bybit accepts Bank Transfer, Apple Pay, Google Pay, Mastercard/Visa as payment options, depending on the currency you’d like to deposit.

If you have any issues with the use by Bybit you can be assured that they offer live chat support which is available to assist throughout the day.


  • Offers margin trading, which you can trade up to 100x leverage
  • Their crypto tools and features are advanced, which is ideal for seasoned traders
  • Has a Testnet platform where you can practice trading and technical analysis
  • Provides educational resources and learning materials


  • If you’re interested in NFTs, you can’t purchase them with AUD

Read our full Bybit review!

5. Best for Passive Income logo



Country: Singapore
Trading Fees: 0.04% to 0.4%
Withdrawal Fees: $0 for both fiat and crypto
Deposit Fees: $0
Deposit Methods: Wise, PayPal, Crypto, SWIFT, Fedwire, Debit Card, Credit Card, SEPA, BPAY, Bank Transfer (ACH) is an excellent cryptocurrency trading platform that’s available both on desktop and mobile. You can not only trade and buy digital assets but there are numerous additional features , such as an NFT marketplace, Visa debit cards, earnings and the ability to invest.

One of the main reasons is so well-known is the fact that it offers more than 250 crypto currencies for users to purchase, sell or trade. The coins supported include BTC, ETH, XRP, ADA, DOGE, SOL and CRO (which can be described as the cryptocurrency utilized for exchange transactions). The benefit of CRO is that you are able to place it in an opportunity to cut cost of trading, and earn rewards. You can also provide cashback for purchases made with the Visa debit card. also offers their exclusive Metal Visa debit card. In addition to being fashionable, it also comes with a variety of benefits. You’ll earn rewards that vary dependent on the value of the credit card you own - determined by the amount of CRO coins have put into. You could earn as much as five percent in cashback for purchases. Additionally, you can earn 100% cash back on Spotify and Netflix subscriptions, as well as 10 percent rebates on Expedia and AirBNB bookings, and even access to airport lounges!

One of the biggest advantages of is the name Earn which allows you to earn cash from digital investments through holding these assets. There are more than 40 cryptocurrency which can be staked and the earnings are each week credited to the currency you hold an interest in. In fact, you could even increase the interest rate or yield from your crypto staked based on the amount of CRO coins that you’ve put the stake.

Also, comes with an excellent customer service. The greatest thing is that they offer live chat support which can be reached any time during the day. If they are busy however, you can anticipate to get an answer via email after a while and be capable of responding to their emails via Live Chat if you like. Overall,’s support team is extremely responsive, dependent on the activity level. The ticketing system they offer for email is also an option when you’re not in a rush.


  • Offers derivatives and margin trading
  • Insurance cover on cryptocurrency
  • Easy and fast lending and borrowing of crypto
  •’s Visa debit card comes with 5% cashback
  • Has 250+ crypto with staking available on 40+ crypto


  • Desktop website is limited to trading with only CRO, USDT, USDC, and BTC

Read our full review!

6. Digital Surge: Best for Value

Country: Australia 
Trading Fees: 0.5%
Withdrawal Fees: Cryptocurrency: Network fees , None for Australian bank accounts
Deposit Fees: Bank transfer: None , POLi: $2 (capped at $3.30)
Deposit Methods: Bank transfer, Cryptocurrency, POLi, Osko, PayID

Digital Surge is a notable Australian exchange that supports over 200 cryptocurrencies and accepts AUD. To promote a smooth trading experience, the platform provides educational tools, customized customer support, and convenience. It includes a digital wallet as well as the unique solution to pay bills with Bitcoin through the BPAY billing function. That’s something that no other Australian platform currently provides, and it’s a positive step toward wider use of crypto in the future. 

The exchange was established in 2017 by Josh Lehman and Dan Rutter and is located in Brisbane. Both Lehman and Rutter have over a decade of experience in the financial tech sector. Their platform is founded on the notion that technology has the ability to make cryptocurrency more accessible and improve our lives.

The Digital Surge team attempts to build a transparent and trustworthy digital community, which is evident in their actions. Namely, they’ve held several community events to raise awareness about cryptocurrencies like Bitcoin and how to use them.

With industry-standard security features in place, Digital Surge is a safe platform. Some of the security measures implemented by Digital Surge include two-factor authentication, hot and cold storage wallets, and multi-layer security protocols. Since the founding of the exchange, there have been no known cyberattacks.


  • Excellent customer service response time and score on Trustpilot
  • Instant buy and sell fee of only 0.5%
  • One of the few Australian exchanges to offer spreads under 1%
  • No deposit fees for PayID and no withdrawal fees on AUD
  • Over 250+ cryptocurrency assets available to trade
  • Pay bills with your Digital Surge crypto balance


  • Does not support credit card deposits
  • Deposit fee of $3.30 for POLi transfers

Read our full Digital Surge review!

7. Coinjar: Best for Crypto bundles

Coinjar Exchange Logo

Country: Australia
Trading Fees: Varies
Withdrawal Fees: No Withdrawal Fees 
Deposit Fees: NPP: No fee , Cash: 1.5% , CoinJar users: No fee
Deposit Methods: Bank transfer, Cash, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay

CoinJar is one of Australia’s oldest and most well-known cryptocurrency exchanges. It was established in 2013 and today, it enjoys a global presence. The exchange is popular for its low fees and variety of trading tools and innovations, including a crypto EFTPOS card, crypto debit card, and the CoinJar wallet app. 

CoinJar is a reliable and trustworthy platform with more than 400,000 customers. A few of the most progressive investors have supported the exchange, including BlackBird Ventures, Digital Currency Group, and Boost VC.

In terms of fees, CoinJar has a reputation for having wider spreads when compared to our top-rated platform, Swyftx. Same as CoinSpot, the exchange charges a fixed fee of 1% on all trades. Makers and takers pay different trading fees based on their 30-day trading volume. The highest charge for makers is 0.1%, while takers pay a flat 0%.

CoinJar’s security architecture includes data encryption, transport layer security, and regular security audits. CoinJar also employs cutting-edge machine learning algorithms to detect suspect logins, account takeovers, and financial crimes.


  • Native mobile apps so you can truly trade on the go.
  • Extremely user-friendly interface that will make just about anyone feel at home almost instantly.
  • The CoinJar Card makes it easy to use your crypto, should you decide not to HODL.
  • Use a credit card or debit card to buy crypto, although American Express is not accepted.
  • Two-factor authentication and other security features.


  • Limited crypto tokens to trade compared to other platforms.
  • Uncompetitive fees, especially for Visa and Mastercard deposits.

Read our full CoinJar review!

8. Independent Reserve: Best for Crypto Insurance

Country: Australia
Trading Fees: 0.5% 
Withdrawal Fees: Bank transfer: None for AUD, $20 for non-AUD , Cryptocurrency: Fees vary
Deposit Fees: EFT: None for deposits over AU$100 AU$0.99 for deposits under $100 , SWIFT: None for deposits over AU$5,000 equivalent $15 for deposits under AU$5,000 equivalent
Deposit Methods: Cryptocurrency, Osko, PayID, EFT, SWIFT

Independent Reserve is an Australian cryptocurrency exchange that was founded by Adam Tepper and Adrian Przelozny, two specialists in digital platforms’ security. It is one of the most famous platforms in Australia and New Zealand as it supports traditional fiat currencies like AUD, USD, and NZD as payment options. 

Amongst other things, Tepper and Przelozny started the exchange to educate people about digital currencies, that is: what they are, how they work, and other general info that traders can utilize to achieve better results.

Some of the supported cryptos on Independent Reserve include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRM), Litecoin (LTC), EOS (EOSIO), Stellar Lumens (XLM), Ethereum Classic (ETC), and Basic Attention Token (BAT). You could also check their complete list of available crypto.

Moreover, the exchange provides a few distinctive trading features such as the KPMG Tax Estimator and an OTC desk. The Tax Estimator is a tool that allows customers to trace their tax requirements for cryptos. Additional features on the exchange include order books, real-time market data, and the option to create an SMSF (self-managed super fund) account as well.


  • Exceptional 24/7 live support and tax tools
  • Fully compliant and AUSTRAC licenced exchange
  • Trusted exchange by over 200,000 investors and 80,000 SMSF Accounts
  • 0.5% trading fee that reduces with higher volume
  • Reliable and straight forward user interface to instant buy/sell


  • Supported coins is limited compared to other exchanges in Australia
  • Advanced exchange with charting is a little outdated

Read our full Independent Reserve review!

9. eToro: Best for Copy Trading

eToro exchange logo

Country: Europe
Trading Fees: Fees vary. Overnight and weekend fees apply 
Withdrawal Fees: US$5 (minimum withdrawal of US$50)
Deposit Fees: Fees vary (conversion fees for non-USD deposits) (US$50 minimum deposit)
Deposit Methods: Bank transfer, Debit card, Neteller, PayPal, Online banking, Skrill

eToro is a well-known financial broker that supports crypto assets as well. The platform’s purpose is to make trading accessible to everyone, everywhere, and it goes above and beyond to ensure that traders get a smooth experience. 

What sets eToro apart from other platforms is its emphasis on incorporating a social aspect into the trading process. Users on eToro may share their tactics, successes, failures, and words of advice with other traders so that everyone can learn together.

The exchange charges fees through spreads—the difference between the purchasing and selling prices. These fees vary depending on market conditions and are unique to each cryptocurrency. For example, Bitcoin orders are charged 0.75%, whereas Ethereum orders are charged 1.90%.

A number of different policymakers such as Financial Conduct Authority in the UK, the Financial Crimes Enforcement Network (FinCEN) in the USA, and CySEC authority in the EU strongly regulate the exchange, so consumers can rest assured that eToro is a safe platform to trade cryptocurrencies on. Two-factor authentication and data encryption are required safety measures that ensure the security of user funds, accounts, and data.


  • Offers an insurance fund
  • Supports copy trading for crypto, contract-for-differences (CFDs) and stocks
  • Pioneers of copy trading
  • Strong community and social focus


  • Fees and spreads can be higher than on crypto exchanges
  • Limited range of cryptocurrencies

Read our full eToro review!

10. Coinbase: Experienced Global Exchange

Coinbase Exchange Logo

Country: US 
Trading Fees: Varies
Withdrawal Fees: N/A
Deposit Fees: Credit/debit card: 3.99%
Deposit Methods: Debit card

Coinbase is the most popular cryptocurrency exchange in the United States, founded in 2012 during the early days of Bitcoin. Today, this exchange may be accessed from over 100 countries and is a starting point for millions of crypto novices across the world.

While Coinbase does charge a higher fee for fiat deposits, you are paying for value, security, and reliability. Card purchases, for example, have a 3.99% transaction charge, although purchasing crypto assets using credit or debit cards always costs extra regardless of the platform you use.

When it comes to payment options, Coinbase accepts a wide variety of methods, including bank transfers, credit cards, Visa debit cards, SEPA, and wire transfer. You can also use PayPal as a payment method.

While there are still numerous concerns about crypto security, Coinbase has a reputation for being one of the safest platforms available. Since Coinbase is located in the United States, it is subject to state and federal rules and legislation. As a matter of fact, Coinbase has extensively cooperated with lawmakers and authorities to guarantee that cryptocurrency brokerages are both safe and effective. This comprehensive approach has prompted various banks—such as the Bank of Tokyo—to invest in Coinbase and contribute to the development of an accessible, safe, and creative financial sector.


  • FDIC-insured
  • Advanced Coinbase Pro version for experienced traders
  • The most beginner-friendly platform
  • Highly regulated and secure exchange


  • A small number of supported altcoins
  • A complex and relatively expensive fee system

Read our full Coinbase review!

11. Bittrex: Best for Multiple Order Types

Bittrex exchange logo

Country: Liechtenstein 
Trading Fees: 0.75%
Withdrawal Fees: Fees vary
Deposit Fees: None
Deposit Methods: Bank transfer, Credit card, Cryptocurrency, Debit card

Bittrex is a crypto exchange based in Seattle, Washington that is suitable for corporate investors interested in entering the crypto market. Former Microsoft security specialists Bill Shihara, Richie Lai, and Rami Kawach founded the exchange. Their decision to team up and launch a crypto exchange was founded on their shared view that cryptocurrencies deserve to reach their full potential internationally and that this can only occur if they are openly available to everyone in a safe and secure environment. 

The majority of traders enjoy a wide selection of cryptocurrencies; over 220 coins and 400 trade pairs are supported by the exchange. The exchange imposes a fixed 0.25% fee on all trading orders.

Bittrex is rightfully recognized as one of the safest platforms on the market as it’s never been hacked and none of its clients’ assets have ever been endangered. Since Bittrex is based in the United States, it abides by the country’s rigorous anti-fraud and financial crime laws and regulations. Bittrex also holds over 80% of all crypto in offline cold storage, while all Bittrex transactions are secured by mandatory two-factor authentication.


  • Low deposit and withdrawal fees
  • Supports crypto staking
  • Supported globally
  • Has a well-designed and highly-rated mobile app
  • Convenient Instant Buy & Sell feature
  • Support for multiple advanced order types


  • Limited fiat-to-crypto options

Read our full Bittrex review!

12. Coinmama: International Crypto Broker with Great Payment Options

Coinmama exchange logo

Country: Ireland 
Trading Fees: 2.93–3.9%
Withdrawal Fees: N/A (assets are sent to user’s wallet directly)
Deposit Fees: 0–5%
Deposit Methods: Fedwire, SEPA, Google, Pay, SWIFT, Bank card

Coinmama was established in 2013 in Israel and a while later was registered in Dublin, Ireland under the name New Bit Ventures Ltd. The exchange is available in more than 188 countries, making it a very popular exchange all around the world. 

You can purchase the following cryptocurrencies with Coinmama: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Cardano (ADA), Litecoin (LTC), Tezos (XTZ), Ripple (XRP) and Dogecoin (DOGE). Moreover, it is well-known for its diverse payment methods, which include the opportunity to buy cryptocurrency using Visa or Mastercard credit cards, or via bank transfer (SWIFT and SEPA) with 0% processing fees.

Unlike other exchanges, which may require a skilled expert to assist traders in using the trading interface, Coinmama is quite straightforward. By visiting the Coinmama website, you can quickly learn about how the exchange operates. Every piece of information is readily available and the registration process is straightforward. Users need to register on the Coinmama website by offering basic information such as a full name, phone number, an address, and an email.


  • Buy crypto in more than 180 countries worldwide
  • Buy direct from the site – no middleman
  • Makes it easy to buy crypto using your credit or debit card
  • Live pricing in US dollars and euros


  • High fees

Read our full Coinmama review!

13. Kraken: Great High Liquidity Exchange

Kraken exchange logo

Country: US
Trading Fees: 0.26%
Withdrawal Fees: Fees vary 
Deposit Fees: Fees vary
Deposit Methods: Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT

Kraken was established in 2011 by Jesse Powell, a recognized cyber-security expert, and was officially launched in 2013. Henceforth, it has grown to become one of the most notable Bitcoin exchanges in the industry. 

Kraken is a powerful trading platform for experienced traders that supports over 50 cryptocurrencies and allows users to trade crypto-to-crypto and fiat-to-crypto. Bitcoin Cash (BCH), Cosmos (ATOM), EOS (EOS), Ripple (XRP), Tezos (XTZ), Cardano (ADA), Tether (USDT), Litecoin (LTC), Qtum (QTUM), Monero (XMR), Dash (DASH), Ethereum (ETH), Dogecoin (DOGE), and Gnosis (GNO) are among the most popular cryptocurrencies supported by Kraken.

The exchange has never been hacked thanks to Powell’s expertise in the field. To create an account, you must pass the KYC (verification process) and submit your full name, address, email, phone number, and a valid ID. After you’ve finished setting up your account, you’ll need to enable two-factor authentication and create a withdrawal whitelist.

Besides exceptional security, Kraken provides over 50 altcoins for trade and margin trading, and it also offers the services of private OTC brokers. Kraken is available to customers in 176 countries.

Kraken’s user interface is both simple and appealing, making it suitable for both novice and experienced traders.


  • Founded in 2011 and one of the longest-running crypto exchanges
  • Wide range of fiat currencies and forex trading
  • Customisable charting features
  • Margin and futures trading for verified traders
  • Advanced order types


  • Maximum 5x leverage, lower than what some competitors offer

Read our full Kraken review!

14. Kucoin: Great for Wide Selection of Cryptocurrencies

KuCoin exchange logo

Country: Hong Kong 
Trading Fees: 0.1%
Withdrawal Fees: Fees vary
Deposit Fees: None
Deposit Methods: Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA

KuCoin is a famous cryptocurrency exchange that was created in 2017 by a group of passionate business professionals with prior experience at Ant Financial and iBox PAY. Michael Gan and Eric Don—KuCoin’s creators—had a clear purpose to establish “the people’s exchange”, which would be cost-effective, user-friendly, and secure. 

The platform currently has international branches in the United Kingdom, India, Canada, Singapore, Japan, and Turkey. KuCoin’s trading website is translated into 17 languages to appeal to a wide range of nationalities. English, Russian, South Korean, Hindi, Turkish, German, Chinese, and French are a few of the languages you can view the site in.

Furthermore, KuCoin offers a diverse range of assets and services, high liquidity, and low trading fees. As of October 2020, the platform has over 5 million active members. In addition, the trading platform facilitates trades for over 750 currency pairs and more than 380 currencies.

KuCoin is a fully licensed and regulated exchange that requires all customers who trade over 2 BTC per day to complete KYC checks.


  • Option for stake profits
  • Strong user base (10 million-plus)
  • No KYC required for first-time users and crypto-to-crypto trades
  • A broad scope of trading opportunities and supported coins
  • Super-low trading fees


  • Not regulated in America or Australia

Read our full KuCoin review!

15. Bitfinex

Bitfinex exchange logo

Country: Hong Kong
Trading Fees: 0.2% 
Withdrawal Fees: Wire: 0.1% , Express bank wire (within 24 hours on business days): 1% (min 60 USD/Euro) , Cryptocurrency: Fees vary
Deposit Fees: Wire: 0.1% (min 60 USD/Euro) , Cryptocurrency: Free
Deposit Methods: Credit card, Cryptocurrency, Bank Wire

Bitfinex is one of the most advanced and liquid cryptocurrency exchanges in the world. Based in Hong Kong, the platform was established by IT technician Raphael Nicolle in 2012. 

Except for a few countries, the exchange is available all over the world today, and it is one of the most popular exchanges on the market in terms of active users and daily trading volume.

The exchange supports over 200 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), and Bitcoin Cash (BCH), among others. To start trading, you are required to verify your account, and then you can purchase these (and many more) coins with fiat currencies such as USD, EUR, JPY, or GBP.

Other noteworthy features are limit and stop orders, margin trading, an over the counter (OTC) desk, and so on. Everything is presented in a remarkably intuitive fashion with easy-to-navigate dashboards and menus.

Unfortunately, despite the strong security safety measures in place, Bitfinex has been hacked two times (in 2015 and 2016), though they refunded any money that users lost. Since then, the exchange has really worked on strengthening its security.


  • Largest choice of order types
  • Up to 100x leverage on derivatives
  • A demo account
  • Deep liquidity pool
  • Has a history of reimbursing users after a security breach
  • Wide selection of trading options and assets


  • Can be difficult to navigate for new users

Read our full Bitfinex review!

16. Easy Crypto Australia

easy crypto logo



Country: Australia
Trading Fees: 0.5% – 1.6%
Withdrawal Fees: $0
Deposit Fees: $0
Deposit Methods: P2P, Bank transfer, POLi, OSKO,

Easy Crypto Australia is a cryptocurrency exchange platform that is available to Australians which makes it easy for anyone to be involved in the crypto space. This Aussie exchange lets users buy digital assets using the most simple fastest, most efficient, and secure manner, and without having to hold all of their funds in cryptocurrency as well as Australian dollars.

Easy Crypto Australia is a cryptocurrency exchange that is not custodial, which means that neither your cryptocurrency assets or your AUD are kept within the Easy Crypto Australian platform. Your digital currency you purchase are sent directly to your wallet. Additionally, any transactions that you complete are directly from your wallets , too.

Easy Crypto Australia also supports more than 100 different cryptocurrency types which include the most popular ones like BCH, BTC, ETH, ADA, NEO, and LTC just to mention some.

In terms of charges, Easy Crypto Australia is extremely transparent about their charges. There are no fees for deposits, withdrawals or withdrawals or hidden fees! Of course there are trading charges which range from 0.5 percent to 1.6 percent.

If you’re not sure take note the fact that Easy Crypto Australia is a legitimate cryptocurrency exchange because it is KYC/AML compliant and is regulated by AUSTRAC to stop money laundering and financing terrorist financing.

In the end that security and reliability are one of the most important attributes that comes with Easy Crypto Australia. It also comes with a minimalist and modern user interface which makes trading cryptocurrency more effortless and seamless!


  • Quality and decent selection of crypto assets
  • Suitable for newbie crypto traders
  • Good security support
  • Auto-buy feature with dollar cost average strategy
  • No hidden transaction fees


  • High volume trades delay processing

Read our full Easy Crypto review!

Best Crypto Exchanges Compared

ExchangeDeposit MethodsFiat CurrenciesCryptocurrenciesTrading FeesDeposit FeesWithdrawal Fees

Swyftx logo

Bank Transfer, Crypto, Credit and Debit Card, Osko, PayIDNew Zealand Dollars and Australian DollarsOver 3200.6%Australian Dollars Deposits: 0% Crypto: 0%Australian Dollars Withdrawals: 0% Crypto: 0%Visit Swyftx

Binance Exchange Logo

Crypto, Credit and Debit Cards, Osko, PayID10 Fiat Including USD and AUDOver 6000% to 0.1%0%VaryVisit Binance

Coinspot logo

Bank Transfer, Fiat, Crypto, POLi, and PayIDAustralian DollarsOver 370Instant Buy/Sell: 1% OTC: 0.1% Market Order: 0.1%*Direct Deposit: $0 Cash: 2.5% PayID, POLi, and direct deposits: $0 BPAY: 0.9% Direct Bank Transfer: $0 Australian Dollars Withdrawals: $0Visit CoinSpot

Bybit exchange logo

Crypto, electronic funds transfer (EFT), wire transfer, bank transfer, credit card, and debit card50+160+0.1% spot trading 0.01% – 0.06% market makers/market takers fee$0Does not support direct fiat withdrawals Crypto withdrawal fees: Network feesVisit Bybit logo

PayPal, Cryptocurrency, SWIFT, Fedwire, Wise, Debit Card, Credit Card, SEPA, BPAY, Bank Transfer (ACH)USD, AUD, SGD, and 15+ more250+0.04% to 0.4%$0FREE via bank transfer. $25 for USDC withdrawal via SWIFT NetworkVisit

Digital Surge
digital surge logo

Bank Transfer, Crypto, POLi, Osko, PayIDAustralian DollarsOver 3000.1% to 0.5%Deposit Fees Bank Transfer: $0 POLi: $2 (capped at $3.30)$0 for AU Bank Accounts Cryptocurrency: Depends On the NetworkVisit Digital Surge

Coinjar Exchange Logo

Fiat, Bank Transfer, Crypto, Credit or Debit Card, Apple Pay, Google PlayPound Sterling and Australian DollarsOver 50Maker: 0.04 to 0.1% Taker: 0.04 to 0.1%Fiat: 1.5% CoinJar Users: $0 NPP: $0 $0Visit CoinJar

Independent Reserve

Crypto, Osko, PayID, Electronic Fund Transfer, SWIFTAustralian Dollars, US Dollars, New Zealand DollarsOver 250.05% to 0.5%For SWIFT Deposit: $15 for deposits under Australian $5,000 equivalent $0 for deposits over Australian $5,000 equivalent For Electronic Fund Transfer: Australian $0.99 for deposits under $100 $0 for deposits more than Australian $100Crypto: Fees vary Bank Transfer: $0 for AUD $20 for non-AUDVisit Independent Reserve

eToro exchange logo

Bank Transfer, Debit Cards, Neteller, PayPal, Online Banking, and Skrill15 Fiat Currencies Including USD and AUDOver 70VaryVary$5 but minimum withdrawal of USD50Visit eToro

Coinbase Exchange Logo

Debit CardMore than 20 Fiat Currencies Including USD and EUROver 200VaryCredit Card and Debit Card: 3.99%2.49%Visit Coinbase

Bittrex exchange logo

Bank transfer (ACH)Euro and US DollarsOver 3200.25%$0VaryVisit Bittrex

Bitfinex exchange logo

Bank Wire Transfer, Crypto, Credit CardUS Dollars, Japanese Yen, Euro, Pound SterlingOver 200Taker: 0.055% to 0.2% Maker: 0% to 0.1%Crypto: $0 Wire: 0.1% (min 60 Euro/USD)Crypto: $0 Wire: 0.1% Express Bank Wire (within 1 day on business days): 1% (min 60 Euro/USD)Visit Bitfinex

Coinmama exchange logo

Bank Card, SWIFT, Google Pay, SEPA, and Fedwire6 Fiat Currencies Including USD and AUDOver 102.93% to 3.9%0% to 5%N/A – assets are directly sent to the user’s crypto walletVisit Coinmama

Kraken exchange logo

Bank Transfer, Crypto, Wire Transfer, osko, SEPA, Apple Pay and Google Pay7 Fiat Currencies Including USD and AUDOver 140Maker: 0% to 0.16% Taker: 0.10% to 0.26%VaryVaryVisit Kraken

KuCoin exchange logo

Crypto, PayPal, Wire Transfer, Credit or Debit Card, SEPA9 Fiat Currencies Including USD and AUDover 6450.1%$0VaryVisit KuCoin

Easy Crypto
easy crypto logo

Bank transfer, P2P, POLi, OSKOAUD100+ 0.5% – 1.6%$0Fiat Withdrawal fees: $0 Crypto withdrawal fees: Network feesVisit Easy Crypto

coinstash logo

Crypto, PayID, Bank TransferAUD410+0.85%$0Crypto withdrawal fees: Network fees Fiat Withdrawal fees: $0Visit Coinstash

How do Cryptocurrency Exchanges Work?

You can access the digital currency markets through crypto exchanges in Australia. First, you’ll need to create an account, and, assuming you’re using a licensed provider, upload your ID. You can then buy or sell your chosen cryptocurrency from the comfort of your home.

You will usually need to pay a fee when you place an order on your preferred crypto exchange. This is how crypto exchanges make money. You might find yourself matched up with other market participants depending on which exchange you choose. It is important to select a cryptocurrency exchange that has sufficient liquidity.

Using platforms such as eToro or Coinbase, you can purchase cryptocurrency directly on the platform. AvaTrade and offer crypto CFDs. This marketplace lets you access leverage and short-selling capabilities, even though you won’t have the underlying digital tokens for trading CFDs.

You need an account on a platform that allows you to trade or buy crypto in Australia. We will be discussing the key metrics that you should consider when deciding which platform to use. These include trading tools, fees, minimum account balances, and customer service.

How to Choose the Best Cryptocurrency Exchange in Australia

Consider the following key metrics when looking at the various exchanges available in this market.

Ease of access: How do you access your trading account. While many platforms only offer web-based trading, others offer mobile and desktop trading apps. It’s important that you learn about the mobile app’s user-friendliness if trading is something you want to do.

User-friendliness and trading tools: It can be difficult and confusing to get started selling and buying coins and tokens if you are a beginner in cryptocurrency trading. For experienced traders, a platform that offers advanced charting and order types may be more appealing. They also have the ability to trade on margin.

Payment methods: You can deposit funds to your account by bank transfer, credit card or PayPal. A more extensive range of payment options will make it easier to use an exchange. Check the fees for different payment options and ensure that your exchange offers deposit and withdrawal options that you can use.

Cryptocurrency selection: Think about which currencies you would like to trade, and which platforms offer them in one or more trading pairs.

Cryptocurrencies. There are many cryptocurrencies available, so you shouldn’t expect to see them all on one platform. BTC, ETH and XRP are the most popular cryptos. However, rarer altcoins might be harder to find.

Fees: How much does it cost to trade and withdraw funds on every platform? When completing these calculations, remember to take into account your payment method, currencies you wish to use, and any discounts that may be available.

Customer Support: This is an important, but often overlooked aspect when comparing crypto exchanges. How will you access the customer support team of a platform if you have any problems with a transaction or your account?

These are some of the things you should be aware of:

  • How do you reach customer service? Is customer support available by phone, email, and live chat?
  • Is there an online help centre where you can submit support tickets?
  • Do you offer support 24/7
  • What response time does the support staff take to your inquiries?
  • If you are based in an overseas country, can you access English-language support when you need it?
  • Is the support center able to answer a variety of questions?
  • Is the platform known for its prompt and helpful support?

Liquidity: Trades can be completed quickly and easily depending on how liquid an exchange is. Trades should be completed quickly and easily if there is a lot of liquidity.

Trading on larger crypto exchanges has the advantage of allowing sellers and buyers to meet easily. Low liquidity can cause significant price fluctuations.

How to Use an Australian Cryptocurrency Exchange?

Using a crypto exchange is not that hard, here’s how you do it.

  1. Compare crypto exchanges so you can find the best one for you.
  2. Register on the platform and provide any personal information or proof of identification required.
  3. Navigate to the “Buy” screen.
  4. Choose the cryptocurrency that you wish to purchase.
  5. Choose your preferred payment method such as bank transfer or credit card payment.
  6. Check out the details of your transaction including any fees and the amount of BTC that you purchased.
  7. Click “Buy” if you are happy to continue.

How to Pay for Your Cryptocurrency

Deposit funds to your cryptocurrency exchange, or make a transfer. All deposit methods are accepted by Bitcoin exchanges, including the following:

  • Credit cards and debit cards
  • PayPal & other online payment services
  • Transfers to banks
  • POLiPay
  • Prepaid cards
  • Other cryptocurrency
  • PayID & Osko
  • Wire transfers

There will be a wide range of payment options accepted by different exchanges. It is worth checking before you sign up to make sure your preferred method of payment is available.

Frequently Asked Questions

Swyftx is our top-rated cryptocurrency exchange for buying, trading, and selling Bitcoin and other cryptocurrencies in AUD. It’s an AUSTRAC-registered trading platform that allows anyone to trade digital assets clearly and transparently. Swyftx’s team managed to combine charting, portfolio monitoring, leverage, financing, fiat, and risk management into a single easy-to-use platform.

Swyftx is, in our opinion, the most trusted exchange in Australia.

When choosing a crypto exchange you can trust, research and due diligence are essential. A good rule of thumb is to look for platforms registered with AUSTRAC, Australia’s industry regulator.

You can dive deeper by reading our extensive reviews of each cryptocurrency exchange, as well as researching industry data and customer feedback on platforms such Trustpilot.

When choosing an exchange, there are many fees you should consider. While transaction fees are transparent, it’s the “spreads”, where costs can really add-up. While Binance has the lowest fees and great spreads, both Digital Surge and Swyftx also have some of the tightest spreads among all Australian exchanges.

You should also consider withdrawal and deposit fees. Compare fees to our table.

CoinSpot and BTC Markets were the only Australian exchanges that have ISO 27001 certification as of June 2022. They have been rigorously audited and follow industry-standard security procedures.

That being said, all cryptocurrency exchanges are susceptible to hacking and exploits.

Ledger Nano S is Australia’s best hardware wallet. It offers bank-level security and a completely free account. The Ledger Nano S’s mobile app is easy to use and supports more than 1,500 different crypto assets. It also works seamlessly with Australian cryptocurrency exchanges such as Swyftx or Digital Surge.

Binance is the best Australian cryptocurrency exchange for day trading. It has low trading fees, tight spreads and prices that update multiple times per minute, giving day traders an edge over the rest.

Swyftx is the best crypto app available in Australia. It is loved by Australians for its simplicity, strong security, low fees, and ease-of-use.

The ATO and the Australian government are making significant progress in regulating cryptocurrency trading. Bitcoin and other altcoins used to be subject to double taxation in Australia until 2017. However, they are now treated as property and covered by Capital Gains Tax.

This means you will be taxed on any profits you make trading or selling crypto assets, just like you would with regular income.

eToro is the best cryptocurrency exchange in Australia for beginners. Capital follows close behind. Both exchanges are great for beginners as they instantly verify accounts, offer easy-to-use trading platforms and have excellent customer support in the event you need it.

Yes, cryptocurrency in Australia is legal. You can use, buy and sell it without violating the law. However, cryptocurrency is not considered legal tender in Australia. This means that the Australian government, and Australian businesses, are not legally bound to accept it for payment for goods or services.

About The Author

Gareth Johnson
Gareth Johnson

Gareth is incredibly passionate about sharing his knowledge in the crypto industry. It's important to make informed decisions in crypto and it's Crypto Wisdom's goal to make this information widely accessible.

This page was last updated on October 20, 2023

Recent Posts

How Long Does Coinmama Take To Verify?

There are more than 400 cryptocurrency exchange platforms listed on Coinmarketcap and the whole crypto market accounts for more than two trillion US dollars worth of transactions. It can get quite confusing for crypto newcomers when they need to decide which exchange platform they should choose. Most beginners end up choosing one of the most

What Does Ponzi Scheme Mean?

It’s common knowledge that the creative nature of cryptocurrency projects and the revolutionary blockchain technology can yield high returns on investments. Alongside the fiat currency market, the crypto industry has established a new world of alternative investment opportunities where the integrity of financial documentation and transaction security are paramount aspects of investing, whether the assets

What Is the Hash Function Used By Bitcoin?

Bitcoin is the first of many cryptocurrencies, a trailblazer technology many altcoins followed or even directly copied. The design that made Bitcoin so unique and impressive when it first hit the crypto-sphere is now well documented (if not well understood) and it is definitely well discussed. One of the defining features of Bitcoin and altcoins

What Does the Word Fiat Mean?

Crypto beginners need to learn a lot of specific expressions used in cryptocurrency trading in order to fully understand the language commonly used in day-to-day crypto operations. Just like any other industry, the crypto market has a bunch of internal expressions that are used to label various market sentiments, assets, and trading strategies. However, there

Where Is Bitstamp Located?

Choosing the right crypto exchange platform is a crucial part of crypto trading. The fees, available cryptos, the variety of trading tools, platform security, and payment options are all highly important factors that every crypto trader needs to pay attention to when deciding whether to create an account on a certain exchange platform. For beginners,

How to Store Verge Coin?

When cryptocurrencies started becoming popular a few years after the launch of Bitcoin (BTC) back in 2009, the possibility of surpassing the whole contemporary monetary system by directly sending each other cash through the blockchain was something people were genuinely amazed at. However, Bitcoin’s blockchain didn’t provide user anonymity because it was still possible for