12 Best Crypto Exchanges in Australia for 2024

Since the dawn of the blockchain revolution, the regulation of several cryptocurrencies and crypto exchanges has evolved dramatically. Finding the best crypto exchanges in Australia might be difficult, especially for beginners. Currently, a lot of cryptocurrency exchanges have made their way into Australia. Australian law demands users’ KYC and AML (Anti Money Laundering) information.

To save crypto investors from the trouble of finding the right cryptocurrency trading platform all by themselves, we have compiled a list of the best cryptocurrency exchanges in Australia. The list is based on essential user-related factors like methods of deposit, ease of usage, trading fees, customer support, and security.

Before having in-depth knowledge about the best crypto exchanges in Australia, let’s have a look at their fees:

Cryptocurrency Exchange Fees (Maker/Taker)
Binance No Maker Fees
KuCoin 0.1%
Crypto.com No Maker Fees
Kraken 0.9% to 1.5%
Luno No Maker Fees
Coinbase Australia Maker: 0.00%, Taker: 0.001%
Swyftx 0.6%
Bybit Maker: 0.01%, Taker: 0.06%
Coinspot 1%
MEXC Global Maker: 0.000%, Taker: 0.200%
Cointree 0.5% and 0.9%
Coinstash NA

List of Best Crypto Exchanges Australia 2024

There are many factors that crypto exchanges offer. We have reviewed many exchanges for factors like supported currencies, secure exchange, and more to know the right crypto exchange list. A few of the top crypto exchanges in Australia are mentioned below:-

1. Binance Australia – Largest Cryptocurrency Exchange in Australia

Binance is one of the best crypto exchanges in Australia but also the largest in the country. The platform is perfect for modern crypto experts; you need good knowledge about cryptocurrency exchange to understand Binance. They have over 65 cryptocurrencies that can be used to trade, they offer the Australian Crypto Exchange with affordable exchange fees, and their cryptocurrencies & trading options are open for the global market. It has been in the business since 2017. Over these 5 years, they have come up with a bunch of trading options and derivatives and recently launched their NFT.

  • Trust Wallet for tracking and trading cryptocurrencies
  • NFTs available
  • Wide selection of trading options
  • Comfortable transaction options
  • Low trading fees compared to competitors

Binance Cryptocurrency Exchange

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2. KuCoin – Best Crypto Trading Platform in Australia

Kucoin is a popular altcoin exchange offering a social trading platform with access to trusted crypto updates and news. The Kucoin app allows traders to start trading with cryptocurrencies and enjoy other 24×7 world-class services in their preferred channel or language. It has more than 20 global communities across 200 countries, over 700 supported coins, & over $1 trillion in accumulated trade volume. These many features make Kucoin one of the best crypto exchanges in Australia.

  • Low trading fees with discounts based on KCS holdings
  • Industry-standard security measures such as trading passwords, anti-phishing phrases, and identity verification
  • Easy and quick account creation process
  • Supports over 700 crypto coins

KuCoin Crypto Exchange

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3. Crypto.com – Leading Crypto Trading Platform in Australia

Crypto.com, founded in 2016, has rapidly gained the trust of over 80 million customers across 90 countries worldwide. Operating as the world’s leading crypto platform, Crypto.com provides verified proof of reserves and comprehensive insurance coverage, ensuring a secure and reliable trading experience. Traders on the platform can seamlessly buy and sell over 250 cryptocurrencies with 20 fiat currencies, using their debit or credit cards or through convenient bank transfers. The exchange offers a special Crypto.com Visa Card that allows traders to enjoy up to 5% cash back on all their spending without any annual fees. Crypto.com has attracted more traders with its excellent security measures, speed, and liquidity.

  • Advanced trade order types, futures trading, and NFT support
  • Crypto rewards, staking, and native blockchain ecosystem (Crypto.org Chain)
  • Competitive and transparent fee structure with discounts
  • Over 250 cryptocurrencies and stablecoins are available

Crypto.com Exchange

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4. Kraken – Best Crypto Trading Platform Australia

Kraken, established in 2011, is an Australian crypto exchange and one of the oldest, most secure cryptocurrency exchanges in the world. Operating globally with over ten million clients, including tens of thousands of Aussies, Kraken maintains local operations in Australia as a registered Digital Currency Exchange Provider (DCE) with AUSTRAC. The exchange offers advanced trading features catering to both beginners and advanced traders, providing access to over 65 cryptocurrencies. Kraken prioritizes customer security, boasting a reputation as one of the safest crypto exchanges in Australia. With effective live chat support and reliable investment protection, Kraken facilitates spot trading on various advanced products, including margin. Additionally, it acquired Bit Trade, Australia’s first successful crypto exchange, in 2020, solidifying its position as a leading player in the Australian crypto market.

  • Strong security measures such as two-factor authentication and SSL encryption
  • Over 65 cryptocurrencies available for buying, selling, and trading
  • High liquidity for instant trading
  • Staking rewards for customers
  • Beginner-friendly resources such as videos and guides

Kraken Crypto Exchange

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5. Luno – Best Crypto Exchange in Australia 

Luno is a popular cryptocurrency exchange in Australia and a crypto wallet designed to help traders trade, buy, and sell digital currencies by giving them access to the most popular crypto tokens. Users at Luno can invest and trade with just a button and easily track the value of cryptocurrencies from any device. The exchange can be used by all kinds of users, including new traders and high rollers. It offers advanced technologies and industry-leading processes and has over 10 million users across 40 markets in Australia, North America, Asia, Africa, and Europe,

  • Easy access to major digital currencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
  • Instant deposit and withdrawal options to buy and sell crypto.
  • Ability to automate crypto investments with the Repeat Buy feature.
  • Stores 95% of crypto in “deep freeze” with multiple layers of encryption.

Luno Crypto Exchange

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6. Coinbase Australia

Coinbase is one of the largest crypto trading platforms in the world as per liquidity, traffic, and trading volume. The website features a simple interface. Furthermore, more than 250 tradable assets are on the Coinbase exchange to buy, sell or trade. Coinbase is licensed in US jurisdictions.

However, it has integrated and registered with the local regulator Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide exchange services in Australia. With security being its highest priority, this platform holds crime insurance cover designed to protect users’ digital assets.

The user can contact Coinbase support service via phone and email for any queries. It also has recently added 24/7 live phone support for instant support.

  • Mobile app available supporting iOS and Android
  • Offers 160+ popular cryptocurrencies
  • Extremely secure and trustworthy
  • Easy and convenient to use

Coinbase Crypto Exchange

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7. Swyftx – Trusted Cryptocurrency Exchange in Australia

Swyftx is the leading crypto exchange in Australia, providing services to 660,000 users in Australia and New Zealand to over 320 digital currencies, It works as a reliable platform for bitcoin exchange. It is a rather new platform with a user base touching 30k, where one can buy digital currencies like Bitcoin and sell them. Swyftx exchange is a well-designed and reliable crypto-trading platform. Swyftx’s mobile app is suitable for novice and experienced traders due to its simple design and ease of use.

  • User-friendly platform for novice Australian investors
  • Swift verification process
  • Mobile app for easy trading
  • Low fees compared to Australian market prices
  • Dollar cost averaging feature available

Swyftx - Top Cryptocurrency Exchange Australia

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8. Bybit – Top Crypto Exchange in Australia

Bybit is a global crypto derivatives platform that allows users to deposit and trade crypto and earn up to 2000 USDC in bonuses. Users on ByBit can perform spot and derivatives trading, explore the NFT marketplace, get high yields via Bybit Earn, trade with margined options contracts, and scale derivatives trade on the multi–chain, non-custodial decentralized exchange. Bybit has introduced a new level of products, opportunities, and reliability to use traders with over 10 million users worldwide, 200 contracts in quarterly and perpetual futures, and more than 270 assets in spot trading. This exchange is available in 160 countries, including Australia.

  • Multiple currencies and margin trading with up to 100x leverage
  • Competitive fees for margin trading
  • User-friendly and powerful trading interface with easy-to-navigate options
  • Can handle up to 100,000 trades per second
  • Strong security record with no breaches or hacks

Bybit Crypto Exchange

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9. Coinspot – Trusted Crypto Exchange in Australia

Coinspot is among the best crypto exchanges in Australia, especially for beginners in the crypto field. The dashboard is quite easy to handle and remains clutter-free, making it easier for users to buy cryptocurrencies and digital currencies smoothly in the long term. The transaction fees charged on the Coinspot exchange depend solely on how the user places orders on the site.

  • The greatest benefit of using Coinspot is that it is extremely easy for people who are just beginning to trade crypto.
  • The company is strongly established, and the chances of being scammed are near zero. Other exchanges have been known to be scammed.
  • There are a plethora of available deposit methods to choose from.
  • The site ensures the most secure exchanges.

Coinspot - One of The High-Rated Australian Crypto Exchanges

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10. MEXC Global – Most Secure Crypto Trading Platform in Australia

MEXC Global is the best Australian crypto exchanges popularly known for its mega transaction matching technology and high performance. It has been developed by pioneers of the blockchain and financial industries, catering to over 10 million users in 170 countries, including Australia, Estonia, and the United States. The trading exchange ensures optimal data security and integrity for all users. It supports over 1500 cryptocurrencies and over 2000 trading pairs and does not charge marker fees for all spot and futures trading pairs.

  • Industry-leading financial and security stability for client funds and identities
  • Efficient launch of high-quality crypto projects with excellent liquidity
  • Variety of trading products including spot, futures, and leveraged ETFs
  • Multi-platform app support for easy portfolio management

MEXC Global Exchange

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11. Cointree – Best Cryptocurrency Exchange in Australia

Cointree is one of the best crypto exchanges in Australia that allows its users to buy Bitcoin and other coins using local currency. This well-known specific exchange has made itself popular as one of Australia’s best digital currency exchange platforms. This is widely considered to be the best exchange in Australia by many.

  • Very easy to use and extremely beginner friendly.
  • Offers enough support for SMSF investors.
  • Proper mobile application through which users can trade.
  • Allows users to purchase crypto in a recurring manner.
  • Using Cointree would enable users to pay their bills via cryptocurrency in Australia.

Cointree - The Best Crypto Exchange Australia

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12. Coinstash – Australia’s Trusted Crypto Exchange

Coinstash is a user-friendly and simple exchange that supports a variety of digital currencies for all kinds of investors and traders, including Dogecoin, Ethereum, Bitcoin, Litecoin, Ripple, and more. It is a highly intuitive and trusted Australian exchange registered by AUSTRAC. With industry-leading security measures, Coinstash members can enjoy access to more than 1000 coins with the platform’s DeFi Connector, which allows the safe buying and selling of crypto tokens. More than 30,000 registered users can earn up to 4.2% per annum on their AUD balance with the Coinstash Earn feature.

  • User-friendly dashboard for inexperienced crypto investors.
  • Hosts more than 500 cryptocurrencies that can be purchased using AUD.
  • Supports DeFi crypto-to-crypto swapping.
  • Users can purchase bundles of major crypto tokens and coins.
  • Earn up to 20% APY on AUD and crypto balances with Coinstash Earn.

Coinstash Crypto Exchange

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How to Choose the Best Crypto Exchanges in Australia?

1. Fees

All crypto exchanges charge some fees for allowing trades to happen. Check the best crypto exchanges in Australia fee structure before committing to a particular platform.

2. Customer Support

Customer support is another important factor when choosing the best crypto exchanges in Australia. Ensure that the chosen platform has a 24×7 live chat facility and other support channels such as email, phone, and social media.

3. Security Features

Since crypto trading involves huge investments, security is extremely important. Investors should choose Australian exchanges with industry-standard security measures, including multi-factor authentication, firewalls, and malware.

4. Payment Methods

Traders should be able to place trades smoothly. This means exchange platforms must support widely used and secure payment methods, including bank transfers, credit card payments, e-wallets, and even cryptocurrencies.

5. Regulation

Crypto trading platforms should be regulated by a recognized regulatory body to facilitate crypto trades legally.

Conclusion

These are some of the best platforms available in Australia that would work for both novice and experienced traders. This article will provide a complete list of the best Australian crypto exchanges that will help you choose a suitable exchange to buy and sell crypto.

FAQs

What is the Safest Crypto Exchange in Australia?

For the safest crypto exchange in Australia, consider reputed platforms like Binance and Coinbase, known for robust security measures. Research and user reviews are crucial in making an informed choice among cryptocurrency exchanges in Australia.

Which Crypto Exchanges in Australia Have the Lowest Fees?

Binance is a popular choice for Australians seeking low trading fees in crypto. With competitive rates and a user-friendly platform, it stands out among crypto exchanges in Australia.

Which is the Biggest Crypto Exchange in Australia?

Binance is the largest crypto exchange in Australia, offering a wide range of digital assets and trading pairs. With its user-friendly interface and robust security measures, Binance has become the go-to platform for many Australian cryptocurrency enthusiasts, providing seamless access to the global digital currency market.

What is the Best Way to Buy Cryptocurrency in Australia?

To buy cryptocurrency, below are the steps to be followed:

  1. You need to pick a broker or a reputable crypto exchange.
  2. Then, create and verify your account.
  3. Deposit cash.
  4. Order your cryptocurrency.
  5. Select a storage method.

Do You Need a License to Trade Crypto in Australia?

Yes, cryptocurrency exchanges in Australia must be registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and comply with relevant regulations. Individuals trading on these exchanges are generally not required to obtain a specific license, but compliance with laws is essential.

Which Australian Banks Allow Cryptocurrency Purchases?

Judo Bank, Macquarie, Westpac, Chrono, Reserve Bank of Australia, and Commonwealth Bank allow cryptocurrency purchases.

Which App is Best for Crypto Purchases in Australia?

The best apps in Australia are as follows:

  • Binance App
  • CoinJar App
  • Coinspot App
  • Swyftx App

How to Choose the Best Australian Crypto Exchange for Trading?

To select the best Australian crypto exchange for trading, evaluate security, fees, available trading pairs, and user experience. Binance and Coinbase are often considered among the best crypto exchanges in Australia.

What are the Best Crypto Exchanges in Australia?

The best crypto exchanges in Australia are subjective and depend on individual preferences. Popular options include Binance and Coinbase consider factors like fees, security, and available cryptocurrencies to find the best fit for you.

Disclaimer: This page does not solicit or recommend investments, nor does it provide trading or financial advice. Before investing in cryptocurrencies or engaging in securities trading, you should conduct thorough due diligence, including consultation with a certified financial advisor. We accept no liability for any financial losses incurred.

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