Best crypto exchanges in Australia.
Find the best crypto trading platform or app for low fees, beginners, trading features and more.
Best for features.
Finder Award.
Cashback with trades.
Best for NFTs.
Best for copy trades.
Best exchange app.
Best Rated Brand.
Best for DeFi.
Updated Jan 5, 2023 . What changed?
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In this guide.
Best crypto exchanges in Australia for 2022 Binance - Best exchange overall Crypto.com - Best exchange for beginners Binance - Best exchange for altcoins Kraken - Best exchange for trading Binance - Best exchange for features Swyftx - Best exchange app Coinstash - Best exchange for DeFi trading CoinSpot - Best exchange for NFTs eToro - Best broker for copy trading Nexo - Best for earning returns Cointree - Best exchange for crypto SMSFs How to choose the best crypto exchange Compare cryptocurrency exchanges you can use in Australia How to use a cryptocurrency exchange The different types of cryptocurrency exchanges Risks of using a crypto exchange Next steps FAQs.
Getting started.
Coin profiles.
Buying guides.
Earning guides.
Price predictions.
Exchanges.
Wallets.
Research & tools.
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Each year, we conduct an extensive review of crypto exchanges and trading platforms available in Australia. To arrive at these picks, we compared more than 30 platforms on things like user experience, fees, payment methods and selection of coins.
When deciding on the best crypto trading platform for your needs, think about what you plan on using it for first. It's quite common to use multiple exchanges to benefit from their different areas of specialty, such as using one for its range of coins and another for access to NFTs or a crypto savings account.
Take a look at our "best for" selections below for a helpful head start.
Best crypto exchanges in Australia for 2022.
Binance – Best exchange overall Crypto.com – Best exchange for beginners Binance – Best exchange for altcoins Kraken – Best exchange for trading Binance – Best exchange for features Swyftx – Best exchange app Coinstash – Best exchange for DeFi trading CoinSpot – Best exchange for NFTs eToro – Best broker for copy trading Nexo – Best for earning returns Cointree – Best exchange for crypto SMSFs.
How we chose the best crypto exchanges in Australia.
Our selection of best exchanges is based on the same criteria as our annual Cryptocurrency Exchange Awards, but is updated by our editorial team throughout the year to reflect changes in the market.
"Top picks" are those we've evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a "Promoted Pick", it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.
Keep in mind that these picks are suggestions and that the exchange that is best for you will depend on your individual needs. There may be other products on the market not included in our picks.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Binance - Best exchange overall.
Binance Cryptocurrency Exchange.
_____ Finder rating.
346 Supported cryptos.
AUSTRAC-registered.
Why we chose Binance Australia Fees & deposits.
Binance is a feature-rich exchange with competitive fees and a huge range of supported cryptocurrencies. This makes it our pick for the best overall exchange in Australia. You can start building a cryptocurrency portfolio today with over 300 coins available to buy with AUD.
Binance is by far the world's most popular exchange with around 30 million registered users and more trading volume than any competitor. The exchange is registered with Australian Transaction Reports and Analysis Centre (AUSTRAC) and has a US$1 billion private insurance fund.
Binance also has a broad range of earning opportunities with staking, savings accounts and yield farming available for over 100 coins. It's also home to an NFT marketplace.
More experienced traders will enjoy the platform's suite of advanced trading options, including several order types, automated trades and charting options.
In 2020 Binance released its own blockchain, Binance Smart Chain (BSC). BNB is the native coin of BSC and offers Binance users a number of benefits. In particular, using BNB to pay for trading fees results in a 25% discount on spot trades and 10% off futures trades.
Fees and deposit Methods Credit card, Cryptocurrency, Debit card, Osko, PayID, Bank transfer (SEPA and AUD) Deposit Fees None Withdrawal Fees Fees vary Trading Fees 0 - 0.1%
Crypto.com - Best exchange for beginners.
Crypto.com App.
_____ Finder rating.
833 Supported cryptos.
AUSTRAC-registered.
Why we chose Crypto.com Pros & cons Fees & deposits.
Crypto.com's mobile-first approach and user-friendly app make it our choice as the best exchange for beginners. It is also complemented by an online exchange for more in-depth trading.
You can download the app and simply link a credit card or bank account for a straightforward way to buy, sell and hold over 200 cryptocurrencies. You can also put your crypto to work by earning passive income though an Earn account, which pays yield on your holdings. It even supports TAUD, an Australian-dollar-based stablecoin.
The online exchange is just as user-friendly and allows you to set your own price when buying or selling cryptocurrency on the spot market. If you're interested in trading crypto regularly, this could be an easy way to get started.
Buy and sell 200+ cryptocurrencies Clean, easy to use mobile app Supports recurring purchases for a dollar-cost averaging strategy Earn passive income on your cryptocurrency Choose between an app or desktop trading experience.
App fees can be a bit higher than in competitors Staking CRO is required for the highest-yield rewards CRO benefits were significantly reduced in 2022 Poorly rated customer service on Trustpilot Suffered a hack in 2022.
Fees and deposit Methods Cryptocurrency, Wire transfer, Bank Transfer (PayID/Osko/BPAY), Debit/credit cards Deposit Fees None Withdrawal Fees Fees vary Trading Fees Maker: 0% Taker: 0.04-0.06%
Binance - Best exchange for altcoins.
Binance Cryptocurrency Exchange.
_____ Finder rating.
346 Supported cryptos.
AUSTRAC-registered.
Why we chose Binance Australia Pros & cons Fees & deposits.
Binance has one of the largest lists of cryptocurrencies available to Australians. It offers markets for over 300 cryptocurrencies and 500 trading pairs.
Binance is constantly expanding its offerings, with new trading pairs and cryptocurrencies often listed weekly. Investors looking for more obscure or novel coins and tokens will likely find what they need on Binance.
Binance also has a unique Fan Token platform for fans of Formula 1 and soccer. Investors can buy tokens for a specific club and receive benefits such as exclusive NFTs, badges and fan experiences.
Huge range of altcoins available for buying, selling, trading and earning Low spot market fees (0.1% or less) Access to unique offerings such as fan tokens and NFTs AUD deposits and withdrawals are free.
2% fee for debit and credit card purchases Fewer altcoins than some other non-AUSTRAC registered exchanges Not every coin is supported in Binance's earning hub Earn rates are tiered and can quickly decrease.
Fees and deposit Methods Credit card, Cryptocurrency, Debit card, Osko, PayID, Bank transfer (SEPA and AUD) Deposit Fees None Withdrawal Fees Fees vary Trading Fees 0 - 0.1%
Kraken - Best exchange for trading.
Kraken Cryptocurrency Exchange.
_____ Finder rating.
214 Supported cryptos.
AUSTRAC-registered.
Why we chose Kraken Pros & cons Fees & deposits.
Kraken is rich with sophisticated trading options for Australians, which is why it's our pick for trading.
Users have access to a range of order types such as stop-loss, market and limit orders with customisable charts.
Kraken regularly exceeds a daily trading volume of US$500 million and the platform is renowned for its deep liquidity. This means that traders don't need to worry as much about slippage. Trading fees work on a volume system, meaning high-wealth traders can get fees as low as zero. Another benefit is API integration, allowing experienced traders to add third-party plug-ins.
Advanced order types Customisable charting features Wide range of fiat currencies Founded in 2011 &ndash one of the longest-running crypto exchanges.
No margin trading or derivatives for Australians Fewer assets than some competitors.
Fees and deposit Methods Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases Deposit Fees Fees vary Withdrawal Fees Fees vary Trading Fees Maker: 0.00-0.16% Taker: 0.10-0.26%
Binance - Best exchange for features.
Binance Cryptocurrency Exchange.
_____ Finder rating.
346 Supported cryptos.
AUSTRAC-registered.
Why we chose Binance Australia Pros & cons Fees & deposits.
Binance is at the cutting-edge of emerging crypto products, which is why it's our pick for the best exchange for features.
Whether you want to buy NFTs, access comprehensive earning options or DeFi products or just learn about crypto, Binance has all bases covered.
For instance, once you purchase a cryptocurrency, you can deposit it into a savings account to earn yield. There are also opportunities to invest in early-stage crypto projects.
If you're interested in DeFi but don't feel ready to use a blockchain yet, Binance can help. It offers a range of DeFi services based on its own Binance Smart Chain, which was designed as a low-cost alternative to Ethereum.
There is even a learn-and-earn program to help encourage beginners to learn more about blockchain technology.
Extensive earning hub with rewards Access to exclusive crowdfunding opportunities NFT marketplace Integration with DeFi markets Frequently launching new products.
No margin trading or derivatives for Australians Many products are experimental and high-risk Customer service is ranked poorly on Trustpilot.
Fees and deposit Methods Credit card, Cryptocurrency, Debit card, Osko, PayID, Bank transfer (SEPA and AUD) Deposit Fees None Withdrawal Fees Fees vary Trading Fees 0 - 0.1%
Swyftx - Best exchange app.
Swyftx Cryptocurrency Exchange.
_____ Finder rating.
323 Supported cryptos.
AUSTRAC-registered.
Why we chose Swyftx Pros & cons Fees & deposits.
Swyftx is our pick for the best crypto app due to its simple interface and mobile-friendly functionality.
The Swyftx mobile app offers a comprehensive user experience with all the same features supported on the desktop exchange.
Once you've signed up for Swyftx and completed the KYC verification process, you're ready to start investing, trading and earning on the go.
The mobile app is available for download via the App Store or Google Play. You can quickly view your assets and earning history, watch the market and even place trades.
Local Australian customer support and low fees are also part of the Swyftx mobile trading experience.
Simplified dashboard &ndash quickly view your assets and their performance Over 280 cryptos available to buy, sell and trade Swyftx paper trading &ndash test setups and strategies on the go Crypto earn available on mobile app.
Mobile charting is less comprehensive than some competitor apps Order types are limited to market buy and sells Beginner-oriented UX &ndash advanced traders may prefer a tier-1 global exchange.
Fees and deposit Methods Bank transfer, Credit card, Cryptocurrency, Debit card, POLi, PayID Deposit Fees Up to 4% (Banxa processing fee) Withdrawal Fees AUD withdrawals: $0 AUD Minimum withdrawal $1 AUD Cryptocurrency: None Trading Fees 0.6%
Coinstash - Best exchange for DeFi trading.
Coinstash Cryptocurrency Exchange.
984 Supported cryptos.
AUSTRAC-registered.
Why we chose Coinstash Pros & cons Fees & deposits.
With over 1,000 coins and tokens available to trade, Coinstash offers a more extensive range of cryptos than any other homegrown exchange.
The vast array of coins and tokens are accessible via the platform's DeFi Connector, which allows KYC-verified traders to buy and sell popular high-cap cryptos, as well as less well-known altcoins that are only available on-chain.
The Coinstash DeFi Connector uses decentralised finance aggregators to source cryptos with the lowest prices and gas fees available at the time of purchase. Once you've confirmed a purchase order, your Australian dollars are instantly converted and the cryptos are deposited into your Coinstash wallet.
Trading through the DeFi Connector means you don't have to interact directly on-chain, worry about smart contracts or non-custodial wallets, and can purchase altcoins that are often unavailable through other exchanges.
The Coinstash DeFi Connector is integrated with 6 blockchains, including Ethereum, BNB Smart Chain, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks.
1,000+ cryptos available DeFi Connector &ndash purchase on-chain cryptos with AUD Secured by Fireblocks.
Must complete KYC to trade on Coinstash &ndash KYC is not required for transacting directly on-chain Coinstash does not support the advanced charting features and order types offered by some competitor exchanges.
Fees and deposit Methods Bank transfer, Cryptocurrency, PayID Deposit Fees None Withdrawal Fees Cryptocurrency: Fees vary None for Australian bank accounts Trading Fees 0.85% for all coins.
CoinSpot - Best exchange for NFTs.
CoinSpot Cryptocurrency Exchange.
_____ Finder rating.
374 Supported cryptos.
AUSTRAC-registered.
Why we chose CoinSpot Pros & cons Fees & deposits.
CoinSpot is integrated with OpenSea.io, the world's largest NFT marketplace, which is why it's our pick for the best exchange for NFTs.
Customers can access more than 20 popular NFT collections such as Bored Ape Yacht Club (BAYC) and Cool Cats.
Perhaps the most compelling feature of CoinSpot's NFT marketplace is its supported payment methods. Most NFT platforms require customers to pay in Ethereum, which can introduce crippling network or gas fees. CoinSpot allows account holders to buy NFTs with any cryptocurrency in their wallet. It does charge a 0.9% fee on NFT transactions, but this is still lower than many competitors. Users can also list their own NFT creations for sale, but they must be minted elsewhere.
CoinSpot is one of Australia's longest-running exchanges and has over 2.5 million registered users.
Buy NFTs with any crypto in your wallet Integrated with OpenSea, the world's largest NFT market Access several popular NFT collections Relatively low fees for buying NFTs Australia-based platform.
Doesn't support NFT minting Comparatively limited NFT collections for sale NFTs can't be purchased with AUD.
Fees and deposit Methods Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID Deposit Fees POLi, PayID and Direct Deposits: None BPAY: 0.9% Cash: 2.5% Card: 2.58% Withdrawal Fees AUD withdrawals: $0 Trading Fees Instant buy/sell: 1% OTC: 0.1% Market order: 0.1%* *Applies to BTC, XRP, LTC, DOGE, ETH, NEO, POWR, GAS, TRX, EOS, XLM, RChain, RFOX.
eToro - Best broker for copy trading.
eToro Cryptocurrency Broker.
_____ Finder rating.
77 Supported cryptos.
ASIC-registered.
Why we chose eToro Pros & cons Fees & deposits.
eToro pioneered the concept of copy trading back in 2010. Since then, the platform has expanded to include a range of social features, with a Facebook-style newsfeed that lets you engage directly with other traders.
eToro's copy trading feature allows you to view and mirror trades made by experienced investors. Getting started is easy – simply choose a trader you want to copy and then set your account to follow their trading moves.
With a minimum of US$200, you can automatically repeat trades from some of eToro's top-performing crypto traders. There is no additional fee charged for this service.
Beyond copy trading, eToro provides a comprehensive social experience, making it just as much a social media platform as a broker. Traders can discuss their moves, speculate on prices and share important news with each other.
Supports copy trading for crypto, contract-for-differences (CFDs) and stocks Pioneers of copy trading Strong community and social focus Offers an insurance fund.
Picking the right trader to copy can be difficult Foreign exchange fees for AUD deposits Limited range of cryptocurrencies Fees and spreads can be higher than on crypto exchanges.
Fees and deposit Methods Bank transfer, Neteller, is copy trading illegal PayPal, Online banking, Skrill, Debit/credit cards Deposit Fees Fees vary (conversion fees for non-USD deposits) (US$50 minimum deposit) Withdrawal Fees US$5 (minimum withdrawal of US$50) Trading Fees Fees vary. Overnight and weekend fees apply.
Nexo - Best for earning returns.
Nexo Cryptocurrency Exchange.
62 Supported cryptos.
ASIC-registered.
Why we chose Nexo Pros & cons Fees & deposits.
Nexo's earn platform allows investors to earn yield on a wide variety of digital assets.
Yield rates compound daily, with the option to lock up cryptos over a fixed or variable term deposit. The Nexo platform features a crypto yield calculator to estimate returns over specific periods and help optimise your investment strategies.
Although advertised yield rates are high, they can vary depending on the crypto you choose to lend and how you receive your returns.
Customers who opt to receive rewards in the platform's native token, NEXO, are incentivised via higher return rates. Always use the yield earning calculator to better understand your rates and APR before making any deposits.
Nexo's earn platform uses an over-collateralised lending model. This means that borrowers have to deposit a greater value of assets than they are borrowing. So for instance, for every $1 they deposit they can only borrow 50 cents. This reduces the risk for lenders.
Nexo also offers an insurance policy through partnerships with BitGo, Ledger Vault, Bakkt and other custodians who are backed by Lloyd's of London.
Beginner-friendly platform with consistently competitive APYs Earn yield on fiat deposits as well as crypto Industry-leading security standards and insurance policies Offers exchange services and a debit card for spending crypto.
Must hold a percentage of portfolio in NEXO to receive highest APY Less yield-earning cryptos than some competitors.
Fees and deposit Methods Bank transfer, Cryptocurrency, Credit or Debit Card Deposit Fees None Withdrawal Fees None Trading Fees None.
Cointree - Best exchange for crypto SMSFs.
Cointree Cryptocurrency Exchange.
_____ Finder rating.
242 Supported cryptos.
AUSTRAC-registered.
Why we chose Cointree Pros & cons Fees & deposits.
Cointree offers 7-day customer support, low trading fees and comprehensive tax tools, which is why it's our pick for the best exchange for crypto SMSF support.
Cointree allows SMSF-eligible customers to add Bitcoin, Ethereum and other cryptocurrencies to their retirement portfolio. All up, Cointree supports over 280 assets on their platform with fees as low as 0.5%.
The process of opening and managing an SMSF can be complex and time-consuming. Cointree can assist you with the process all the way through, such as setting up a trust deed. The platform also provides digestible performance overviews to help review investment strategies. Users can even compare their SMSF accounts to other top-performing investors and copy their portfolios.
The exchange is partnered with ExpertSuper and integrated with BGL Simple Fund 360 to ensure that your personal SMSF needs are met. It's always a good idea to consult a financial advisor before opening an SMSF.
Over 280 cryptocurrencies available Integration with SMSF experts 7-day customer support.
Deposit fees for PayID No mobile app SMSFs can be time-consuming and confusing.
Fees and deposit Methods Cash, PayID, Online and mobile banking Deposit Fees Fiat: None Cryptocurrency: None Withdrawal Fees Fiat: None Cryptocurrency: Fees vary Trading Fees 0.5-0.9%
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How to choose the best crypto exchange.
It's important to research a wide range of platforms and compare the pros and cons of each option. The best crypto exchange for you depends on what you're looking for.
Consider the following factors when comparing crypto exchanges.
User-friendliness and trading tools.
If you're a cryptocurrency novice, getting started buying and selling coins and tokens can be complicated and confusing. On the other hand, experienced traders may want a platform with special features like advanced charting and order types as well as the option to trade on margin. If you're a crypto-trading beginner, look for a platform with a straightforward user interface that's easy to understand from the beginning.
Payment methods.
Can you deposit funds into your account via bank transfer, credit card and/or PayPal? The more payment options an exchange has, the more convenient it will generally be to use. Make sure your exchange has deposit and withdrawal options that work for you, and remember to check the fees associated with different methods.
Type of trading.
Fiat-to-crypto trading Crypto-to-crypto trading Both fiat-to-crypto and crypto-to-crypto trading.
For example, if you want to buy BTC with AUD, you'll need to find a cryptocurrency broker that allows you to buy coins via bank transfer or credit card. Alternatively, if you want to exchange your BTC or ETH holdings for another cryptocurrency, you'll want a platform that offers direct crypto-to-crypto trades.
Cryptocurrency selection.
Cryptocurrencies. There are thousands of different cryptocurrencies in existence, so don't expect to find them all listed on any single platform. Major cryptos like BTC, ETH, XRP and others in the top 20 coins by market cap are listed on an extensive range of exchanges but rarer altcoins may be much harder to find. Fiat currencies. If you want to buy crypto with fiat currency, check which currencies the platform accepts.
Fees.
From deposit through to trading and withdrawing funds, how much will it cost you to buy and sell crypto on each platform from start to finish? Remember to consider your payment method, the currencies you want to use and any discounts you may be entitled to when completing these calculations.
Limits.
Are there any limits on the amount you can deposit into your account or the amount of cryptocurrency you can buy or sell per transaction or per day? Also check whether there are any restrictions on how much you can withdraw from your account. Remember, minimum and maximum limits may apply, so check the fine print to be sure the platform is a good fit for the size of trades you want to place.
Ease of access.
How can you access your trading account? Many platforms offer web browser trading only, but some also offer mobile and even desktop trading apps. If trading on the go is important to you, it's worth reading up on the user-friendliness of the platform's mobile app.
Loyalty programs and discounts.
Is there any way you can access reduced trading fees? Are you entitled to fee discounts simply because you hold an exchange's native currency or use those tokens to pay transaction fees? Is there a tiered fee structure that rewards high-volume traders with reduced fees? Some crypto exchange loyalty programs will even offer additional benefits, such as access to exclusive events and even a share of the platform's trading fee revenue, so this feature is well worth investigating.
Exchange rates.
There is no such thing as an official Bitcoin price – it's determined by whatever people are willing to pay. Compare exchange rates across a handful of different crypto exchanges and you might be surprised to find just how much they can differ from one platform to the next. The variation can be as much as 10% in some cases, which can obviously make a big difference to the success of a trade.
Liquidity.
The level of liquidity on an exchange affects the ease and speed with which you can complete trades. If there's a high level of liquidity – in other words, if the exchange has a high trading volume – then trades should be completed quickly and easily. One of the biggest benefits of trading on larger crypto exchanges is that they get enough orders to be able to match buyers and sellers without any difficulty. However, low liquidity can lead to substantial price fluctuations. You can check crypto exchange trading volumes by looking at its order books prior to signing up.
Account verification process.
Your name Your email address and phone number Your address Proof of ID Proof of address A photo of yourself holding a signed declaration.
If you need to provide a wide range of personal information, it's important to be sure you're dealing with a trusted exchange. It's also a good idea to research how long you can expect the verification process to take.
Finally, be aware that some exchanges will require you to complete additional verification tasks in order to unlock full account features and higher transaction limits.
Processing times.
How long will it take for your transaction to be completed? How soon are account withdrawals processed? Being forced to miss out on a trading opportunity because your trading funds took too long to arrive into your exchange account can be a frustrating experience. Spending day after day waiting for a withdrawal to arrive in your bank account or crypto wallet can also be extremely stressful, so check average processing times before you register.
Security features.
Is 2-factor authentication supported? Are customer funds stored in online or offline wallets? Do I control my private key or does the exchange? If it's the latter, where and how is my private key stored? What level of verification is required to open an account? Is there 24/7 security monitoring? Will you receive email and SMS alerts regarding account activity? Does the exchange use email encryption? Does the exchange provide proof of reserve?
Regulation.
Though authorities around the world are starting to catch up to the rapid growth of crypto exchanges, the industry as a whole is still lightly regulated. How an exchange is regulated depends on where it is based, so do your research to find out whatever information you can about the platform operators. Australian cryptocurrency exchange operators must be registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and meet the government's anti-money laundering and counter-terrorism financing (AML/CTF) compliance and reporting obligations. It's also worth noting that due to regulatory requirements, users from certain countries will not be allowed to access some exchanges. As always, check the fine print to find out whether any of these geographical restrictions apply to you.
Customer support.
How can you contact customer support? Are they available through email, phone and live chat? Is there an online support centre where you can submit a support ticket? Is support available 24/7 or only during specific hours? How quickly does the support team respond to inquiries? If the exchange is based overseas in a country where English isn't the first language, will you be able to access English-language support whenever you need it? Does the site's support centre feature answers to a range of frequently asked questions and perhaps instructional guides and/or videos that explain how to trade? In short, does the platform have a good reputation for providing prompt and helpful support to users?
Reputation.
Does the exchange have a reputation as a secure and reliable platform? Read independent online reviews from other users to find out all about their experiences, both positive and negative, with the platform. Where does it excel and where does it fall short? Would they recommend the exchange to friends and family? It's also a good idea to consider how long an exchange has been operating before deciding which platform is right for you.
Using an AUSTRAC-registered exchange to buy cryptocurrency.
There are plenty of places to buy crypto, including platforms founded here in Australia or based in locations all around the world. Exchanges headquartered locally are required to register with AUSTRAC and comply with requirements that don't apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.
Pros.
Australia-based exchanges must comply with AUSTRAC's Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations . You can usually buy crypto with Australian dollars . Exchanges in Australia typically support local payment methods . You may be able to access local customer support . Subject to local laws.
Cons.
You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously. Overseas trading platforms may provide better liquidity. AUD-to-crypto prices are sometimes slightly higher than USD-to-crypto prices, meaning you sometimes pay a premium for buying directly with Australian dollars. Some features are simply not available on AUSTRAC-registered exchanges. For example, margin trading, DeFi features and some altcoins.
Compare cryptocurrency exchanges you can use in Australia.
Use our table to compare crypto exchanges or platforms on fees, fiat currencies, deposit methods and more. Once you've found the right fit, select Go to site to get started.
Crypto Exchanges Advanced Trading Platforms.
1 - 10 of 37.
How to use a cryptocurrency exchange.
For the sake of our example, let's assume that you have AUD$500 that you want to use to buy Bitcoin.
Compare cryptocurrency exchanges to find one that offers the right service for you. Register for an account on the platform, including providing any personal details and proof of ID required. Navigate your way to the "Buy" screen. Select Bitcoin as the cryptocurrency you want to buy. Select your payment currency, which in this case is AUD, and specify the amount you want to spend as $500. Select your payment method, such as a credit card payment or bank transfer. Enter your payment details, such as your account number and BSB if sending a bank transfer or your card number and CVV if paying by credit card. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing. If you're happy to proceed, click "Buy BTC". Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address nominated by you.
How to pay for your cryptocurrency.
You'll need to deposit funds on your cryptocurrency exchange or otherwise make a transfer. Bitcoin exchanges accept all sorts of deposit methods, including the following:
Credit and debit cards PayPal and other online payment services Cash deposits Bank transfers POLi.
Prepaid cards Cryptocurrency transfers PayID, uphold crypto trading Osko and other NPP payments Wire transfers.
The payment types accepted will vary between exchanges though, so it's worth checking to ensure your preferred payment method is supported before signing up.
The different types of cryptocurrency exchanges.
The term "exchange" can be used to refer to a variety of cryptocurrency brokers, trading platforms and other services. Different types of exchange are often more geared towards beginners or experienced users.
For beginners - cryptocurrency brokers. Buy directly from cryptocurrency dealers for simple, quick and easy purchases. Many beginners use brokers for their first purchase. CoinSpot is an example of a cryptocurrency broker. For intermediates - cryptocurrency trading platforms. Buy and sell cryptocurrency on an open market for competitive fees, a wide selection of cryptocurrencies and optional extra features like margin trading. While a bit trickier than brokers, these platforms can still be quite beginner-friendly. Binance is an example of a cryptocurrency trading platform. For advanced users - cryptocurrency derivatives platform. These trading platforms don't sell cryptocurrency outright. Instead, they let you trade cryptocurrency derivatives. They're for advanced traders who want high speed, high leverage, deeply liquid platforms with a full range of features.
It's difficult to find one exchange with all the coins and features you want. I spread my trading around several exchanges to make sure I'm getting exactly what I need, while also diversifying my risk should the exchange get hacked or shut down. To further reduce risk I use one registered locally so it's subject to local laws and regulations.
Risks of using a crypto exchange.
Cybersecurity breaches. Hacks and scams are, unfortunately, commonplace in the crypto space. Exchange-related security breaches and targeted phishing scams remain a major concern for exchanges and their customers. Not your keys. "Not your keys, not your crypto" is a common industry saying and refers to holding your digital assets in a wallet that another person or company controls, such as on an exchange. By storing cryptos on an exchange rather than in a non-custodial wallet, you're relinquishing full ownership of those assets and putting trust in a third party – which some may see as contradictory to the decentralised philosophy of crypto. Lack of consumer protection. While crypto exchanges are increasingly regulated in Australia and may be registered with AUSTRAC, they are still lacking a lot of consumer protections such as mandatory insurance or strict rules about how user assets are managed. Proof of reserves. Since the widely publicised collapse of FTX, many traders and investors have demanded centralised exchanges provide proof of reserves and user deposits. This may be done by a third-party auditor or through the use of on-chain data. Proof of reserves is still an evolving concept, and it's not clear yet what the best practices are or how reliable it will prove to be. Transaction limits. Most crypto trading platforms have daily deposit and withdrawal limits. This means that even though you may have, for example, 10,000 AUD available, you may not be able to access and withdraw the total balance. Transaction limits depend on the exchange and AUSTRAC stipulations and typically increase as you provide additional KYC information. Frozen accounts. Crypto exchanges freezing deposits and withdrawals can happen without warning. If your account is frozen, you will not be allowed to remove your funds until the exchange approves or denies your request. Precautionary measures such as only holding a trading balance on an exchange are recommended. Asset delistings. Centralised exchanges can opt to delist a cryptocurrency at any time. This can happen for numerous reasons, including poor asset performance, security concerns or anti-money laundering (AML) breaches. If delisting is taking place, you will be notified by the exchange and forced to sell your assets or remove them from the platform.
Is it safe to store your cryptocurrency on an exchange?
Securely store your crypto:
Best Bitcoin wallets Best hardware wallets.
Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet, which lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired, while others will require you to have your own wallet at the time of purchase.
However, using an exchange for long-term storage is not recommended. As the exchange controls the private key to your wallet, you don't have total control of your funds. And with exchanges regularly (and sometimes successfully) targeted by hackers, storing crypto on an exchange long-term is very risky.
Next steps.
Not all crypto exchanges are created equal, and not all crypto buyers and sellers have the same trading needs. The best exchange for one person might not necessarily be the right choice for someone else, so it's essential that you do your own research.
Check out our reviews on a range of leading cryptocurrency exchanges in Australia and around the world. Compare the features, fees and pros and cons of each crypto exchange and consider how they align with your investment goals and budget.
FAQs.
What is the safest crypto exchange in Australia?
The safest exchanges are those that have stringent security measures such as registration with AUSTRAC, 2-factor authentication (2FA), an insurance fund and cold wallet storage in place.
As of June 2022, CoinSpot, Independent Reserve and BTC Markets are the only Australian exchanges to hold ISO 27001 certification. This means they have been thoroughly audited and support industry-standard security measures.
Keep in mind that all cryptocurrency exchanges are vulnerable to hacking and exploits.
Which crypto exchange has the lowest fees in Australia?
There are lots of fees to take into account when choosing an exchange. Transaction fees are the most transparent, but it's "spreads" where costs can really add up. Binance Australia and Swyftx are known for having some of the tightest spreads of any Australian exchanges.
It's also important to consider deposit and withdrawal fees. A good place to start is by comparing fees with our table.
Which crypto exchange works in Australia?
Most popular crypto exchanges can be used in Australia. However, global exchanges that aren't registered with AUSTRAC aren't allowed to offer Australian dollar deposits and withdrawals, which can be inconvenient for Aussie customers.
All of the crypto exchanges in our table are options for Australians to use.
What is the most trusted cryptocurrency exchange?
Due diligence and research are incredibly important when choosing a crypto exchange you can trust. As a good rule of thumb, look for platforms that are registered with Australia's industry regulator, AUSTRAC.
A great way to dive deeper is by reading our extended reviews of each crypto exchange and researching customer feedback and industry data on platforms like Trustpilot.
Why do some crypto exchanges ask me to verify my identity?
Exchanges in Australia and several other countries are subject to anti-money laundering and counter-terrorism financing (AML/CTF) regulations. In order to comply with these regulations, exchange operators must gather certain details about their customers – which is why you may be asked to provide proof of ID. This process is typically referred to as "know your customer" or KYC.
How do major crypto exchanges in Australia compare?
Swyftx vs CoinSpot Binance vs CoinSpot Coinbase vs CoinSpot.
Swyftx vs Binance Swyftx vs Coinbase KuCoin vs Binance.
A-Z list of cryptocurrency exchange reviews.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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James Edwards.
James Edwards is the cryptocurrency editor at Finder. He has been using Bitcoin since 2013 and began working in the space in 2017. He takes pride in boiling down complex topics into language his mum can understand. His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds.
Read more on this topic.
Swyftx vs Coinbase How does a local Australian offering stack up against a global giant? We compare features, fees and more to find out.
Swyftx vs Binance We compare features, fees and more to find out whether Swyftx or Binance is a better choice.
Coinbase vs CoinSpot We compare these 2 popular exchanges on features, fees and coins to see which comes out on top.
Swyftx vs CoinSpot We've compared Swyftx and CoinSpot side-by-side to help you make a decision about which of these popular Australian exchanges is best for you.
Bitfinex vs Kraken Compare these two leading exchanges on things like available cryptocurrencies, payment methods, fees and features.
Luno exchange review Finder’s Luno review covers everything you need to know before signing up. Find info on fees, registration, cryptocurrencies on offer and more.
Coinbase vs Bitfinex Your level of trading experience will be the main factor in deciding which of these exchanges is best for you.
KuCoin vs Binance Compare what KuCoin and Binance have on offer to find the best exchange for you.
Coinbase vs Bittrex Global We compare these two large cryptocurrency exchanges to see how their fees, features and customer support stack up.
Coinstash review Coinstash is an AUD-dedicated cryptocurrency exchange that offers investors the opportunity to purchase cryptocurrencies at market leading rates from a clean and intuitive platform.
Get started with crypto.
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Coin buying guides.
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Ask an Expert.
16 Responses.
Wisebanc.com December 9, 2018.
I have for several years been informed by email that I have 10.2 Bitcoins. Recently I have also been informed that this balance is worth some $18,000 plus and that I can withdraw the money at any time. Is this likely to be true or is it a scam?
finder Customer Care.
May December 16, 2018 Staff.
Hi Wisebanc.com Thanks for your inquiry and sorry for the delay. I’m afraid we can’t tell if that is true or a scam. Have you traded bitcoins before or do you have any deals with cryptocurrencies? That could be adverts from the exchanges you’re with. If you didn’t engage in any of the bitcoin trades, then you should have a second thought and start to investigate yourself. You may refer to our guide about bitcoin scams. It has a list of 11 common crypto scams to keep an eye out for. Hope this helps. Cheers, May.
Emily December 2, 2018.
Now is a large selection of exchangers, but not all of them meet the requirements of users. For example, I used shapeshift earlier, but they made an account. I think you know what kind of hate this has caused among users. Then I used changelly, but they recently delay the execution of applications. This is inconvenient, because I need an exchange in a short time. Now I found changenow, in my opinion it meets the requirements of the crypto community, so I look forward to your review. Thanks!
finder Customer Care.
John December 4, 2018 Staff.
Hi Emily, Thank you for reaching out to finder. Let me go and forward your comment over to our publishers. Definitely, this is something that would be checked by the team. Please follow our pages and check for updates regarding this. Again, thanks for your comment. Cheers, Reggie.
Ricko November 15, 2018.
Agree with Almore. Changenow should rank on this list. Using it recently, I found a service that completely suits me. Hope I will see it here.
finder Customer Care.
John November 15, 2018 Staff.
Hi Ricko, Thank you for reaching out to finder. I have already forwarded your suggestion to our publishers for validation. Thank you for your interest in helping finder. Cheers, Reggie.
Almore November 6, 2018.
Could you please add changenow to this list? I wanna to compare it with other services. They are writing about their best rates.
finder Customer Care.
John November 8, 2018 Staff.
Hi Almore, Thank you for reaching out to finder. I will forward your request to our team who publishes these articles and this would be validated. Once we have enough information about this Crypto Exchange, we will have it published on our site. Hope this helps! Cheers, Reggie.
Mibo October 29, 2018.
Hello Here is a new cryptocurrency exchange(BITKER which founded in Singapore), we would like to link our information on your cryptocurrency plate. Also as the cooperation exchange condition, we would offer BITKER media resource, BITKER exchange has over 100K user and attention in China market. Now is continue to increase the overseas market. including but not limited to Southeast Asia, Middle East, Africa and North America. If you are interested for our cooperation. Please, Email me Thank you Mibo.
finder Customer Care.
John October 29, 2018 Staff.
Hi Mibo, Thank you for your interest in Finder. Please check our partner with us page. Once there, please fill in the form provided. Once submitted, our client services team will get in touch with you to discuss your proposal. Hope this helps! Cheers, Reggie.
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