Best crypto exchanges in Australia

Compare cryptocurrency exchanges on things like fees, coins and payment methods.

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Best crypto exchanges in Australia for 2022

Each year, we conduct a comprehensive review of crypto exchanges available in Australia. To arrive at these picks, we've compared more than 30 platforms on things like user experience, fees, payment methods and selection of coins.

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.

Best crypto exchanges and platforms

Keep in mind that the following picks are suggestions and that the exchange that is best for you will depend on your individual needs. You may also want to use multiple exchanges in order to benefit from their unique combination of services, such as using one for its range of altcoins and another for access to staking or earning products.

Best Overall: Binance

Binance is one of the most innovative exchanges in Australia, giving you access to an enormous range of services that cater to both beginners and veteran traders. In addition to buying and selling over 500 different cryptocurrencies, you get access to yield-bearing accounts, lending and borrowing, NFTs and decentralised finance (DeFi) with a single account.

  • Purchase an enormous range of cryptocurrencies in AUD with a bank transfer or card.
  • Deposit your assets into yield-bearing accounts and earn rewards.
  • Enjoy a smartphone app with a Lite Mode to make things even easier for beginners.
  • Explore the more experimental corners of crypto like NFTs and DeFi.
  • Use advanced trading features like stop-loss, leverage tokens and automated strategies.

Best for Beginners: Crypto.com App

Crypto.com's smartphone app gives you straightforward access to buying and selling cryptocurrency. It makes it easy to then put those assets to work in yield-bearing accounts, or spend them with a Crypto.com debit card.

  • Simple and clean app interface with access to over 200 cryptocurrencies.
  • Set up a recurring purchase to take advantage of dollar-cost averaging.
  • Earn yield on your cryptocurrency holdings with Crypto.com Earn.

Best for Value: Digital Surge

Digital Surge only charges 0.5% to buy and sell cryptocurrencies instantly, with an average spread of less than ~0.4%, making it one of the best value brokers in Australia.

  • Instantly buy or sell over 250 cryptocurrencies with a fee of only 0.5% using Osko or PayID.
  • Pay your bills with cryptocurrency or set up a self-managed super fund.

Best for Altcoins: Binance

Australians looking for a wide range of cryptocurrencies will feel at home with Binance's list of more than 500 tokens that can be traded on the spot market. Users can also trade forex and access an NFT marketplace.

  • Trade over 500 altcoins against AUD, BTC, ETH, BNB and US-dollar stablecoins.
  • Explore unique soccer fan tokens with special perks.

Best for Trading: Kraken

Kraken is one of the oldest cryptocurrency exchanges in the world and offers a sophisticated trading experience for Australians. Experienced traders have access to margin trading, futures contracts and OTC services on a wide range of cryptocurrencies with deep liquidity.

  • Trade with up to 5x margin on over 30 cryptocurrencies.
  • Bet on the long-term performance of cryptocurrencies with futures contracts.
  • Use a pro trading interface with customisable charts and API support.
  • Trade forex or fund your account with foreign currencies in addition to AUD.

Best for Features: Binance

Binance is an industry leader in innovation, constantly bringing new products and services to the market. Australians have access to features such as NFTs, yield-bearing accounts, DeFi services, a Launchpad for investing in new projects and an extensive learning hub to better educate users about cryptocurrency.

  • Enjoy an all-in-one cryptocurrency platform that takes the experience beyond just buying and selling and into the realm of "crypto banking".
  • Earn yield on your existing assets or deposit them into DeFi pools for additional rewards.

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.

1 - 10 of 33
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

364
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

313
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

304
cryptocurrencies

An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

367
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Apple Pay, Bank Transfer (PayID/Osko/BPAY), Google Pay
AUD, GBP

53
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
Independent Reserve Exchange
Cryptocurrency, Osko, PayID, EFT, SWIFT
AUD, NZD, USD

27
cryptocurrencies

Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

281
cryptocurrencies

Finder Exclusive: Get $10 BTC after verification. T&Cs apply.
Buy 280+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

340
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

561
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit\/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

262
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

1 - 3 of 3
Name Product Payment Methods Supported Fiat Currencies Cryptocurrencies Minimum Deposit
Vantage
★★★★★(0)
Vantage
Credit/debit card, Bank Transfer, BPAY, PayID, POLi, Cryptocurrency
GBP, EUR, USD, AUD, JPY
ADA,BCH,BTC,DOGE,DOT,EOS,ETH,LNK,LTC,MATIC1,SOL,UNI,XLM,XRP,BAT,MIOTA,TRX,ZEC,ALGO,FIL,MKR,LUNA1,SHIB,AVAX,NEO
$200
Go long or short on over 30 cryptocurrency CFDs which can be traded against USD, EUR, gold and crypto.
Plus500 Cryptocurrency CFDs
Credit/debit card, Bank transfer, PayPal, Skrill
AUD, USD, GBP, EUR
BTC,ETH,ADA,LTC,XLM,EOS,NEO,IOTA,ETHBTC,Crypto10,BAB
$100
CFD Service. Your capital is at risk.
Trade CFDs on top cryptos as well as Australian and international shares, indices, commodities and more.
TradeDirect365 Trading Platform
Credit card, Debit card, POLi, BPAY, Bank transfer
AUD, GBP, USD, JPY, EUR, CAD, CHF
BTC, ETH, XRP
None
Disclaimer: Volatile investment product. Most clients lose money trading with this provider.
A trading platform which offers cryptocurrency CFDs where traders speculate on the price movement of cryptocurrencies such as BTC, ETH and XRP.
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Compare up to 4 providers

How to choose a cryptocurrency 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.

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.

  1. Compare cryptocurrency exchanges to find one that offers the right service for you.
  2. Register for an account on the platform, including providing any personal details and proof of ID required.
  3. Navigate your way to the "Buy" screen.
  4. Select Bitcoin as the cryptocurrency you want to buy.
  5. Select your payment currency, which in this case is AUD, and specify the amount you want to spend as $500.
  6. Select your payment method, such as a credit card payment or bank transfer.
  7. 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.
  8. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
  9. If you're happy to proceed, click "Buy BTC".
  10. 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 buy Bitcoin in Australia

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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:

  • Prepaid cards
  • Cryptocurrency transfers
  • PayID, 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.

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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.

Is it safe to store your cryptocurrency on an exchange?

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.

Learn more about cryptocurrency wallets

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 Bitcoin exchange and consider how they align with your trading requirements.

Frequently asked questions

Does every exchange list every possible cryptocurrency?

No. The list of currencies available varies widely from one exchange to the next. Some Bitcoin exchanges will only offer Bitcoin or a select few currencies while others support hundreds, but there's no guarantee that all the cryptos you want to buy and sell will be available on any one platform.

How do I avoid scams on cryptocurrency exchanges?

While regulators are gradually implementing laws and guidelines to help protect consumers against fraud, there are still plenty of dodgy exchange operators out there. Falling victim to theft is a major concern for any crypto buyer.

Read our guide to cryptocurrency scams for a checklist to help you avoid falling victim to fake or disreputable exchanges.

What if I want to place large-volume crypto trades, for example, trades worth $50,000 or more?

You may want to consider using the services of an over-the-counter (OTC) broker in order to avoid slippage. Check out our guide to OTC services for more details.

Are there any exchanges that allow leverage trading of cryptocurrencies?

Yes. Take a look at our cryptocurrency margin trading guide for more information.

Where can I find a list of the world's biggest crypto exchanges?

You can view 24-hour trading volume for crypto exchanges on sites like CoinMarketCap, but be aware that the information is not always correct, and many unscrupulous exchanges try to cheat the rankings with fake trading volume.

You can find a more in-depth selection of the world's biggest cryptocurrency exchanges here.

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.


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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16 Responses

  1. Default Gravatar
    Wisebanc.comDecember 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?

    • Avatarfinder Customer Care
      MayDecember 16, 2018Staff

      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

  2. Default Gravatar
    EmilyDecember 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!

    • Avatarfinder Customer Care
      JohnDecember 4, 2018Staff

      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

  3. Default Gravatar
    RickoNovember 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.

    • Avatarfinder Customer Care
      JohnNovember 15, 2018Staff

      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

  4. Default Gravatar
    AlmoreNovember 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

    • Avatarfinder Customer Care
      JohnNovember 8, 2018Staff

      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

  5. Default Gravatar
    MiboOctober 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

    • Avatarfinder Customer Care
      JohnOctober 29, 2018Staff

      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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