If you are looking for the best digital asset exchanges in Australia, this guide will help you compare the top 12 platforms to see which is most suitable for you.
In this article, we examine the key features of each exchange which include factors such as available assets, regulation, trading fees, staking services and other tools.
Based on our research and criteria, the best crypto platforms in Australia are:
- CoinSpot
- Bybit
- Binance
- Independent Reserve
- SwyftX
- eToro
- Digital Surge
- BTC Markets
- Coinjar
- Coinbase
- Kraken
- Crypto.com
CoinSpot
CoinSpot is Australia’s largest cryptocurrency exchange, boasting over 2 million users since being founded back in 2013 by Russell Wilson. Their platform boasts a wide variety of features that include over 370 cryptocurrencies, low fees starting at 0.1%, an NFT Marketplace and a Crypto Staking product that allows users to earn interest on deposits.
Their platform is secure and regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investments Commission (ASIC). Based on our research, we believe that CoinSpot is the best crypto exchange based on the factors that are most important to Australian users. This includes usability, fees, available coins and other digital asset features.
Bybit
Bybit is a cryptocurrency derivatives exchange founded in 2018 by two former bankers. The platform offers users the ability to trade perpetual contracts with leverage of up to 100x on Bitcoin, Ethereum, Solana, Avalanche, Apecoin, Optimism and 150 other pairs. You can also trade Crypto Options on Bybit in Australia for BTC and ETH only.
One of the key features that sets Bybit apart is their focus on customer service with 24/7 support available in multiple languages. They also offer mobile apps for both iOS and Android devices. In terms of security, Bybit stores user funds in cold storage wallets with 2-factor authentication (2FA) required for all withdrawals.
Binance
Binance is one of the world’s largest cryptocurrency exchanges with over 15 million users worldwide. The platform offers a wide range of features including a spot market, margin trading, OTC desk, staking products and a social media platform called Binance Academy. Binance also has its own native token, BNB, which can be used to pay for fees on the platform and receive discounts.
A unique feature to Binance is their “Launchpad” which helps new cryptocurrency projects to raise funds and launch their tokens on the Binance platform. Users of the Binance platform get exclusive access to the BNB Launchpad, which is a great opportunity to invest in early stage products. In terms of security, Binance uses 2FA and stores user funds in cold storage wallets.
Independent Reserve
Independent Reserve is an Australian-based cryptocurrency exchange that was founded in 2013. The platform offers a wide range of features including spot and margin trading, an OTC desk, a mobile app and a retirement planning tool. Independent Reserve also has a strong focus on security with features such as 2-factor authentication and multi-signature wallets.
One key feature of Independent Reserve is that they offer OTC (over-the-counter) trading for large trades as well as a range of professional trading tools. In terms of security, Independent Reserve uses 2FA and stores user funds in cold storage wallets.
SwyftX
SwyftX is an Australian-based cryptocurrency exchange that was founded in 2017. The platform offers a wide range of features including spot trading, crypto staking, an OTC desk and a mobile app. SwyftX also has a strong focus on security with features such as 2-factor authentication and multi-signature wallets.
One key feature of SwyftX is its “Instant Trade” product which allows users to buy and sell cryptocurrencies with just a few clicks. With this method, users do not have to interact with a complicated order book like you do on Binance, Bybit and other platforms. Concerning security, SwyftX uses 2FA and stores user funds in cold storage wallets.
eToro
eToro is a social trading and investment company that allows users to trade in a variety of assets, including cryptocurrencies. eToro is headquartered in Israel and has offices in the United Kingdom, Cyprus, and Australia.
eToro offers an innovative platform that allows users to trade in a variety of assets, including stocks, ETFs, commodities, cryptocurrencies and more. eToro also offers a unique social trading feature that allows users to follow other traders and copy their trades. eToro is a regulated broker and is licensed by the Australian Securities and Investments Commission (ASIC).
If you’re looking for a social trading and investment platform that offers an innovative way to trade in a variety of assets, including cryptocurrencies, then eToro is worth considering. You can read an eToro Review for more information.
Digital Surge
Digital Surge is an Australian-based cryptocurrency exchange founded in 2017. The platform offers users the ability to buy, sell and trade over 350 digital assets including all of the latest coins in DeFi, GameFi, Metaverse, NFT and all of the Layer 2 smart contract platforms. The Digital Surge exchange is also regulated by both ASIC and AUSTRAC.
One of the largest advantages of using Digital Surge over alternatives like SwyftX is their low fees for its Express Trade feature. Their instant crypto swapping product has the lowest fees in Australia, starting at 0.5% compared to SwyftX which charges 0.6% and a wide spread. This is the best trading platform in Australia for complete beginners looking to get started on a low-fee platform.
BTC Markets
BTC Markets is an Australian-based cryptocurrency exchange founded in 2013. The platform offers users the ability to buy, sell and trade a wide range of digital assets. BTC Markets is one of the oldest cryptocurrency exchanges in Australia and is regulated by AUSTRAC.
One of the key advantages of BTC Markets is that they offer a low trading fee for market makers of 0.1%. This is significantly lower than the industry average of 0.25%. In addition, BTC Markets also offer a loyalty program which gives users up to 30% off trading fees. If you’re looking for a low-fee cryptocurrency exchange with a long history of operation in Australia, then BTC Markets is worth considering.
CoinJar
Coinjar is one of the leading cryptocurrency exchanges in Australia. It offers a wide range of features and services, making it a great choice for those looking to buy, sell, or trade cryptocurrencies. Coinjar also has a very user-friendly interface, which makes it easy to use for first-time users.
Their platform was founded in 2013 by Asher Tan and Ryan Zhou, making it one of the longest-running exchanges in Australia. Coinjar is headquartered in Melbourne, Australia. Coinjar allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Uniswap (UNI), AAVE (AAVE)and more. They also offer a wide range of features and services, such as a mobile app, a wallet service, a merchant solution, and more.
Coinbase Australia
Coinbase is one of the most popular cryptocurrency exchanges in the world. It is also one of the most user-friendly exchanges, making it a great choice for those looking to invest in cryptocurrencies for the first time. Coinbase allows users to buy and sell Bitcoin, Ethereum, and Litecoin, as well as other cryptocurrencies.
Coinbase is available in 32 countries, including Australia. Coinbase charges a 1.49% fee for buys and sells made through its website or mobile app. For purchases made with a credit or debit card, there is a 3.99% fee. Coinbase has been consistently rated as one of the most secure exchanges in operation. The company stores 98% of customer funds offline in cold storage wallets that are not connected to the internet. Coinbase also offers insurance for customer funds in the event of a hack or theft.
Kraken Australia
Kraken is a cryptocurrency exchange that offers both a trading platform and broker services. It was founded in 2011 in San Francisco, United States, and today has offices in Seattle, New York, Tokyo, and Berlin. Kraken allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin, among others. It also offers staking services for Proof of Stake coins like Ethereum, Solana, Cosmos, Kava, Cardano and many others.
In terms of security, Kraken employs state-of-the-art technology like 2FA authentication and PGP/GPG encryption. It also has a strict verification process for new users. Kraken is one of the most popular cryptocurrency exchanges available today. In terms of fees, it charges 0.25% for maker trades and 0.26% for taker trades (with volume discounts available).
Overall, Kraken is a great option for those looking for a secure and reliable cryptocurrency exchange. It offers a wide range of features and has a very user-friendly interface.
Crypto.com
Crypto.com is one of the most popular cryptocurrency exchanges on the market. They offer a wide variety of features including a Crypto Credit Card and Crypto Debit Card, an NFT Marketplace, over 100 Cryptos to trade and a state-of-the-art crypto staking service.
Crypto.com also has a very user-friendly interface that is simple to use yet still packed with features. One thing we really like about Crypto.com is their commitment to customer service. They have an extensive FAQ section on their website and their customer service representatives are always quick to respond to any questions or concerns you may have.
Another great feature of Crypto.com is their Crypto Credit Card and Crypto Debit Card. These cards allow you to spend your cryptocurrency anywhere that accepts Visa, without having to convert it to fiat first. You can also earn up to 8% cashback in cryptocurrency on all your purchases.
The Bottom Line
So, there you have it – our list of the best crypto exchanges in Australia. If you’re looking to get started in the world of cryptocurrencies, then any of these exchanges would be a great choice. And, if you’re already an experienced trader, then all of these exchanges offer a wide range of features and services that will suit your needs.
That said – we recommend the CoinSpot trading platform as the best overall exchange in Australia for beginners and advanced traders and DeFi users. For more information, you can read an extended CoinSpot Review to get a comprehensive look at their full suite of products and features.
