Since the blockchain revolution began, regulations for cryptocurrencies and exchanges have changed significantly. Finding the best crypto exchange in Australia can be challenging, especially for beginners.
To help you find the right trading platform without hassle, we’ve curated a list of the best crypto exchanges in Australia based on some important factors like deposit methods, ease of use, trading fees, customer support, and security.
Key Takeaways
- Get a clear understanding of various Australian crypto exchanges.
- Read the platform’s best features, pros & cons, and why we choose it.
- Compare the top crypto exchanges using our detailed comparison table to find the best option for you.
List of Australian Crypto Exchanges 2024
| TOP CRYPTO EXCHANGES | BEST FOR |
|---|---|
| MEXC | Future Trading |
| Coinspot | Most Secure Crypto Trading |
| Swyftx | Easy AUD/NZD access |
| Cointree | Simple & Secure Crypto Exchange |
| Coinstash | Australia’s Trusted Crypto Exchange |
| Coinbase | Best Platform For Beginners |
| Binance | Largest Cryptocurrency Exchange |
| Crypto.com | Has Its Credit Card Service |
| Bybit | Leveraged Trading |
| KuCoin | Interactive UI and Various Features |
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1. MEXC
Launched in 2018, MEXC is an exchange platform integrated with high-performance and mega transaction matching technology. It is one of the leading crypto exchanges by client base, numbering over 10 million from over 170 countries and regions worldwide. This was part of other recent reinforcement steps towards excellence that saw MEXC win the “Best Crypto Exchange Asia” award during the 2021 Crypto Expo Dubai.
For a detailed analysis, head over to our dedicated MEXC review page.
Why We Chose It?
We chose MEXC due to its great technology, perfect performance, and industry-leading features in futures trading. This focus on futures attracts traders with similar interests, fostering a community around this specific type of cryptocurrency trading. Additionally, MEXC efficiently handles large volumes of transactions and has a large global reach, further solidifying its position as a preferred platform for many traders.
Key Features
- High-performance transaction matching technology.
- It supports multiple cryptocurrency types.
- Advanced security features guarantee one’s assets.
- A user-friendly interface enables you to trade easily.
- Regularly updated for new features.
| Pros | Cons |
| Continuous promotional offers and trading competitions | Limited number of supported fiat currencies |
| Strong community support and involvement | A complex interface for beginners |
| Global multilanguage support | |
| Substantial educational tools for all levels |
2. CoinSpot
CoinSpot is the longest-running crypto exchange in Australia. It is duly registered with the Australian Securities and Investments Commission, vetted, and stays on the regulation list of the Australian Transaction Reports and Analysis Centre since 2013. There are already over 2.5 million customers investing in over 440+ digital currencies all available in this same robust trading environment for a much lower fee of 0.1% on CoinSpot.
For more details, check out our comprehensive CoinSpot review.
Why We Chose It?
CoinSpot is a popular choice for many Australian cryptocurrency traders due to its wide range of digital assets, user-friendly interface, and strong reputation for security. Many users consider CoinSpot to be one of the most secure crypto exchanges in Australia, which, along with its compliance with regulations, fosters trust and attracts a large user base.
Key Features
- Fast selling and purchasing for immediate transactions.
- Several layers of security measures to safeguard user’s money.
- Customer support is available at any time of the day for immediate help.
- Converting fiat to cryptocurrencies and vice versa.
- The availability of detailed transaction history and tracking tools.
| Pros | Cons |
| Mobile App for Trading on the move | Limited advanced trading features |
| Gives Staking options for reward generation | Customer support response time can be slow |
| Can connect with Australian banking systems | |
| Regular updates that enhance the platform |
3. Swyftx
Swyftx is an Australian-based crypto platform that allows Aussies to buy, sell, and trade more than 350 cryptocurrencies while offering secure storage in a personalized Swyftx crypto wallet. Swyftx has more than 600,000 customers across Australia and New Zealand, making it the highest-rated cryptocurrency exchange in the Australian digital market.
Read our Swyftx review before starting your crypto journey!
Why We Chose It?
Swyftx prioritizes user experience and integrates seamlessly with Australian banking systems, leading to high customer satisfaction ratings. This user-friendly approach, combined with its competitive fees and large trader base, has solidified Swyftx’s position as the best crypto exchange in Australia.
Key Features
- Security measures to safeguard the users’ funds and assets.
- Easy to use and navigate for people of all ages and understanding.
- Low trading fees and transparent pricing.
- Customer care services are offered round the clock and are extensive.
| Pros | Cons |
| Seamlessly integrates with banking systems in Australia | Few advanced trading features for professionals |
| Platform features and tools are updated constantly | Higher charges for some kinds of payment methods |
| Responsive mobile app for trading on-the-go | |
| In-depth market analysis and research tools advantages |
4. Cointree
Launched in 2013, Cointree has emerged as one of the leading cryptocurrency exchanges in Australia that now has more than 100,000 customers. It offers over 240 cryptocurrencies and claims to process more than $250 million in trades daily. Easy to use and highly secure, Cointree lets its clients buy, sell, and trade cryptocurrencies with relative ease.
For detailed information, read our Cointree review.
Why We Chose It?
Cointree’s popularity among Australians comes from its focus on security and user-friendliness. They prioritize clear communication of fees, allowing users to make informed decisions. Additionally, their convenient interface and trustworthy customer support make them a top choice for many Australians looking to enter the cryptocurrency market.
Key Features
- Instant buying and selling of cryptocurrency.
- Education and useful materials for beginners to learn to trade.
- The integration with Australian banking to enhance the transactional processes.
- Recurring purchases for constant investments with the help of an automated system.
- API access for higher-level trading plans.
| Pros | Cons |
| Specific tax reporting and transaction reporting mechanisms | Lack of availability of sophisticated trading instruments |
| Strong positive community support and active forum | It will only be open for Australian residents |
| Constant updates and changes to the platform | |
| Low costs that are competitive with no additional charges |
5. Coinstash
Since 2017, Coinstash has established itself as a strong contender for the title of best Bitcoin exchange in Australia. It offers a secure platform for buying, selling, and trading over 1,000 cryptocurrencies. With a trading volume exceeding $500 million and a user base of over 35,000, Coinstash provides all the necessary tools for crypto enthusiasts in Australia.
To delve deeper into its features, check out our Coinstash review.
Why We Chose It?
The company was selected for this comparison based on its large number of supported cryptocurrencies and robust security. It is easy to use and has a high trading volume, making it ideal for Australian traders..
Key Features
- Immediate purchase and sale orders for fast gains.
- Integration with the Australian banking systems to enhance the deposit and withdrawal procedures.
- Different market analysis tools help in trading with more knowledge and precision.
- Favorite cryptocurrency tracker dashboard.
- Continuous platform updates and feature additions.
| Pros | Cons |
| Recurring investment options that will help to have a constant portfolio growth | Fewer customer service hours than their counterparts in other countries |
| Tax preparation and filing solutions for easy bookkeeping | Lesser number of sophisticated trading features for professional traders |
| Active community forums and support groups | |
| Affordable fees with clear and reasonable charges |
6. Coinbase
Coinbase was established in 2012 and is considered the best crypto trading platform for beginners, counting over 98 million customers from more than 100 countries, including Australia. All this is provided with a user-friendly and safe interface combined with wide cryptocurrency support, making it interesting for many traders.
Want to find more information on Coinbase? Go through our detailed Coinbase review now!
Why We Chose It?
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Known for its robust security features and insurance, Coinbase is a popular choice for both beginners and experienced traders. It offers a user-friendly interface and supports a wide range of cryptocurrencies, making it a preferable crypto exchange in Australia.
Key Features
- Ease of use for all users.
- A wide choice of cryptocurrencies is available for trading.
- The security measures include insurance coverage to enhance the protection of the assets.
- Advanced trading tools are available on Coinbase Pro.
- Educational resources for understanding cryptocurrencies.
| Pros | Cons |
| Ensures fast and efficient transaction processing | Expensive fees compared to some of the other exchanges |
| Multiple features and functionalities | Restricted payment channels in the deposit and withdrawal of funds |
| All-Risk Insurance for digital assets stored |
7. Binance
Binance Australia is currently the world’s biggest crypto exchange, offering various products and one of the largest digital asset exchanges. Launched in 2017, it is considered one of the safest crypto exchanges in Australia. It has a wide range of products and services and an extensive selection of more than 150 cryptocurrencies to buy and sell. Binance is consistently expanding its offerings, including the recent launch of its NFT marketplace.
Read our Binance review for more information on the crypto platform.
Why We Chose It?
Binance has emerged as a leader in the local crypto market and is becoming the best place to buy crypto in Australia. With its global reach and wealth of opportunities, the platform attracts experienced traders. The platform stands out for its user-friendly interface, diverse trading options (including margin, spot, and peer-to-peer), and competitive fees.
Key Features
- Staking options for 19 different currencies, including popular picks like Solana and Ethereum, for crypto rewards.
- Well-organized user interface with various trading options and derivatives for experienced traders.
- Recently launched a platform for trading NFTs
- Open trading options for the global market with easy tracking and trading of cryptocurrencies
| Pros | Cons |
| A Large cryptocurrency selection. | Regulatory concerns. |
| Low transaction fees. | |
| User-friendly and professional trading interface. | |
| Strong security measures. | |
| Cost-effective staking rewards. |
8. Crypto.com
Crypto.com is considered a powerhouse in the crypto trading world. It offers a wide range of features, including a convenient credit card service and an engaging user experience. Established in Hong Kong in 2016, it now serves over 90 countries and boasts an impressive user base of 80 million. For an in-depth look at the platform, check out our Crypto.com review page.
Why We Chose It?
Crypto.com stood out for us due to its extensive selection of cryptocurrencies, cutting-edge technology, and global reach. Its focus on advanced tools and financial inclusion makes it a great fit for traders of all experience levels.
Key Features
- Crypto.com offers a visa card service that provides numerous benefits.
- Offers multiple trading options like NFT marketplace, margin trading, and derivatives trading.
- Trading options with over 20 fiat currencies.
- Provides a convenient payment method using Apple/Google Pay.
- Earn interest by holding cryptos in an e-wallet.
| Pros | Cons |
| Low transaction fees. | Complex discount offers may be challenging to understand. |
| Extensive ecosystem of crypto products. | Customer support could be stronger. |
| Loyalty program with various rewards. | |
| Regulation compliance and security certifications. |
9. Bybit
Bybit has proven to be the fastest-growing cryptocurrency exchange, recording more than 30 million active users worldwide in over 160 countries. It booms with an average daily trading volume of $21 billion and provides users with a strong, secure trading ecosystem for a wide range of cryptocurrencies.
Get detailed information about the platform in our Bybit Australia review.
Why We Chose It?
Bybit is a strong aspirant for traders interested in leveraged trading thanks to its high liquidity and robust trading infrastructure. This combination ensures efficient and secure transactions. Bybit’s user-friendly platform and extensive global user base further solidify its position as a reliable choice for cryptocurrency enthusiasts.
Key Features
- Many trading pairs and derivatives options.
- Real-time market data and trading charts.
- Insurance fund designed for potential losses.
- Advanced order types for flexible trading strategies.
- Periodic platform updates and new functionalities.
| Pros | Cons |
| High-leverage options for professionals | Not accommodating to beginners because it is complex |
| More advanced trading tools and features | The support targeted at depositing fiat currency is minimal |
| Responsive mobile app for trading on-the-go | |
| User-friendly learning assets |
10. KuCoin
Kucoin is a top altcoin exchange known for its social trading platform and access to reliable crypto updates and news. KuCoin was launched in May 2017, and since then, it has shown rapid growth and has a user base of over 5 billion from 200+ countries. KuCoin offers multiple trading experiences whether you use a PC, laptop, iOS, or Android smartphone. This popularity makes KuCoin one of the best crypto exchanges in Australia. Seeking deeper understanding? Dive into our KuCoin review page for a wealth of insights and details
Why We Chose It?
KuCoin is one of the top cryptocurrency trading platforms with a massive user base that supports over 700 cryptocurrencies. The platform focuses on security with advanced encryption. The diverse trading tools and user-friendliness make KuCoin an attractive crypto exchange for a wide range of investors.
Key Features
- Offers a wide range of trading options, such as spot trading, margin trading, and futures trading.
- Allows users to earn passive profits through lending.
- The platform’s native currency offers trading fee discounts and a 50% profit share from trading fees.
- Easy navigation is suitable for both beginners and advanced traders.
- Available in over 200 countries with support for multiple languages.
| Pros | Cons |
| A wide selection of over 700 cryptocurrencies. | The extensive menu can be overwhelming for beginners. |
| Low trading fees with discounts for KCS holders. | Some regions may have limited access due to regulations. |
| Strong security measures, including advanced encryption and Proof of Reserves. | |
| User-friendly mobile app and versatile device compatibility. | |
| Knowledge section with blogs for educational resources. | |
| Referral program and rewards hub. | |
| Smooth and fast trading execution. |
Comparing the Best Crypto Exchanges in Australia
| Crypto Exchanges | Available Coins | Fees (Maker & Taker) | Minimum Deposit |
|---|---|---|---|
 |
2600+ | 0% & 0.02% | 0 |
 |
450+ | 0.1% | 0 |
 |
350+ | 0.1% to 0.6% | $30 AUD |
 |
240+ | 0.5 – 0.75% | 0 |
 |
1,000+ | 0.85% | 0 |
 |
250+ | 0.05% to 0.60% & 0.00% to 0.40% | $50 |
 |
400+ | 0.3800% & 0.5700% | $10 |
 |
350+ | 0.0750% | $1 |
 |
100+ | 0.1500% & 0.2000% | $50 |
 |
910 | 0.100% | 0 |
Disclaimer: The fee structure may vary based on trading volume. Rates are subject to change and can fluctuate according to the market conditions.
Cryptocurrency Law and Regulations in Australia
Cryptocurrency exchanges operating in Australia are bound by the laws of the country and must adhere to the guidelines provided by the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). These regulations help to ensure that exchanges are secure and transparent and that investors are not being swindled or traded unfairly.
Our Methodology
- Basic And Advanced Trading Features
- Educational Resources
- Fee structure
- Safety and Security Measures
- User Feedback
- Customer Support Services
Learn more about our approach to reviewing Crypto Exchange platforms. Explore our methodology!
Conclusion
In conclusion, several crypto exchanges based in Australia, such as Coinstash and Cointree, provide safe and easy-to-use trading interfaces for purchasing various cryptocurrencies. Due to regulation, diverse features, and a loyal community, these exchanges are among the best crypto exchanges in Australia that give reliable and effective services for beginners and professionals.
FAQs
Which Australian banks allow cryptocurrency purchases?
Many major Australian banks, such as ANZ, Commonwealth, and Westpac, permit the purchase of cryptocurrencies, although certain restrictions may apply.
Do all crypto platforms need a license to trade in Australia?
Yes, all cryptocurrency exchanges must be incorporated with AUSTRAC and meet the requirements of AML/CTF to work in Australia legally.
How to exchange crypto for cash in Australia?
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There are several ways to convert crypto to cash in Australia. The best way is to log in to the crypto platforms you are using and sell your crypto for AUD. You can then transfer the AUD to your bank account.
How much tax is applicable on crypto in Australia?
While trading crypto, every trader must pay the Capital Gain Tax.
What is the best way to buy cryptocurrency in Australia?
To buy cryptocurrency, below are some simple steps to be followed:
1. Select a Licensed Crypto Exchange
2. Create and Verify Your Account
3. Fund Your Account
4. Place a Cryptocurrency Order
5. Securely Store Your Cryptocurrency
How to choose the best Australian crypto exchange for trading?
To select the best Australian crypto exchange that matches your needs, you should cross-check the below points:
- Your desired cryptocurrencies are supported.
- Look for favorable payment methods.
- Check for fees and hidden charges.
- Ensure the platform has high safety and security protocols.
- The crypto platform provides good customer support.
- The crypto exchange should be regulated.