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Best crypto exchanges in Australia

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

Check out how we chose these products. We may be paid when you visit links to partner sites - this is how we make money.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

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.

  • Binance – Best exchange overall
  • Crypto.com – Best exchange for beginners
  • Digital Surge – Best exchange for value
  • Binance – Best exchange for altcoins
  • Kraken – Best exchange for trading
  • Binance – Best exchange for features
  • Swyftx – Best exchange for earning
  • FTX – Best exchange for derivatives trading
  • CoinSpot – Best exchange for NFTs
  • eToro – Best broker for copy trading
  • Cointree – Best exchange for crypto SMSFs
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 NFTs or earning products.

Binance - Best exchange overall

Binance Cryptocurrency Exchange

★★★★★
Finder rating
371
Cryptocurrencies
53
Fiat Currencies

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.

Several of BSC's features have now been added to the Binance exchange. Users can access decentralised finance (DeFi) services from within the platform, preventing the need to learn how to use a blockchain or a Web3 wallet.

  • Comparatively low fees
  • Free and instant deposit and withdrawal methods for AUD
  • Huge range of supported cryptocurrencies
  • Comprehensive earning features
  • US$1 billion insurance fund
  • Smartphone app offers Lite mode for beginners
  • Website can be overwhelming for beginners
  • Poor customer service score on Trustpilot
  • Ongoing regulatory issues in China, the UK and Japan
Deposit Methods Credit card
Cryptocurrency
Debit card
Osko
PayID
Deposit Fees None
Withdrawal Fees Fees vary
Trading Fees 0-0.1%

Crypto.com - Best exchange for beginners

Crypto.com App

★★★★★
Finder rating
264
Cryptocurrencies
21
Fiat Currencies

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.

The platform also offers a native coin, CRO, which can be staked using Crypto.com's Visa card to cut fees and access benefits like a free Spotify premium membership.

  • 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
Deposit Methods Credit card
Cryptocurrency
PayPal
TransferWise
SEPA
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.04-0.20%
Taker: 0.10-0.20%

Digital Surge - Best exchange for value

Digital Surge Cryptocurrency Exchange

★★★★★
Finder rating
303
Cryptocurrencies
1
Fiat Currency

Digital Surge offers some of the lowest fees of any Australian platform, which makes it our pick for the best-value exchange.

Digital Surge only charges a 0.5% fee to instantly buy and sell over 250 cryptocurrencies. This is useful for anyone using a dollar-cost averaging strategy.

Digital Surge's spreads – a fee often hidden by crypto exchanges – are regularly under 0.4%. The exchange is one of the only Australian platforms to offer spreads of less than 1%.

Digital Surge does charge a deposit fee for POLi bank transfers, though this is capped at $3.30. There are no fees for PayID deposits or AUD withdrawals, making buying and selling crypto on the platform cost-efficient.

  • Instant buy and sell fee of only 0.5%
  • One of the few Australian exchanges to offer spreads under 1%
  • No deposit fees for PayID and no withdrawal fees on AUD
  • Over 250+ cryptocurrency assets available to trade
  • Pay bills with your Digital Surge crypto balance
  • Excellent customer service response time and score on Trustpilot
  • Deposit fee of $3.30 for POLi transfers
  • Does not support credit card deposits
  • Limited advanced trading features
  • Crypto withdrawal fees can be as high as 5%
Deposit Methods Bank transfer
Cryptocurrency
POLi
Osko
PayID
Deposit Fees Bank transfer: None
POLi: $2 (capped at $3.30)
Withdrawal Fees Cryptocurrency: Network fees
None for Australian bank accounts
Trading Fees 0.1 - 0.5%

Binance - Best exchange for altcoins

Binance Cryptocurrency Exchange

★★★★★
Finder rating
371
Cryptocurrencies
53
Fiat Currencies

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
Deposit Methods Credit card
Cryptocurrency
Debit card
Osko
PayID
Deposit Fees None
Withdrawal Fees Fees vary
Trading Fees 0-0.1%

Kraken - Best exchange for trading

Kraken Cryptocurrency Exchange

★★★★★
Finder rating
109
Cryptocurrencies
7
Fiat Currencies

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. In addition to cryptocurrencies, Kraken also offers forex, making it a one-stop shop for currency traders.

If you qualify as an Intermediate or Pro user, you'll get access to margin trading and futures contracts. Kraken allows verified accounts to trade with 5 times leverage on more than 30 cryptocurrencies.

Cryptocurrency derivatives are high-risk and should only be used by experienced traders. Using leverage will further amplify your losses as well as your gains.

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
  • Margin and futures trading for verified traders
  • Customisable charting features
  • Wide range of fiat currencies and forex trading
  • Founded in 2011 &ndash
  • one of the longest-running crypto exchanges
  • Additional verification required for futures and margin &ndash
  • standard for regulated exchanges in Australia
  • Maximum 5x leverage, lower than what some competitors offer
Deposit Methods Bank transfer
Cryptocurrency
Wire transfer
Osko
SEPA
Apple Pay
Google Pay
SWIFT
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
371
Cryptocurrencies
53
Fiat Currencies

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
Deposit Methods Credit card
Cryptocurrency
Debit card
Osko
PayID
Deposit Fees None
Withdrawal Fees Fees vary
Trading Fees 0-0.1%

Swyftx - Best exchange for earning

Swyftx Cryptocurrency Exchange

★★★★★
Finder rating
313
Cryptocurrencies
2
Fiat Currencies

Swyftx is our pick for the best exchange for earning due to its simple interface and minimal fees.

With an Earn account, Australians can earn a passive income on more than 20 cryptocurrencies, including popular options such as Ethereum, Bitcoin and AUD stablecoins.

The annual percentage yields (APY) for earning on Swyftx are very competitive, with several coins earning over 10% APY. There are no fees associated with using Earn on Swyftx and rewards are paid out daily.

Founded in 2018, Swyftx is an Australian-owned and operated exchange with a local customer support team.

  • Simple platform to get started earning
  • No lock-in period
  • Competitive APY on supported cryptocurrencies
  • High customer support score on Trustpilot
  • Offers yield on AUD stablecoins
  • Fewer assets than some competitors
  • APY reduces after a certain deposit threshold is reached
Deposit Methods Bank transfer
Credit card
Cryptocurrency
Debit card
Osko
PayID
Deposit Fees Cryptocurrency: None
AUD deposits: $0
Withdrawal Fees Cryptocurrency: None
AUD withdrawals: $0
Trading Fees 0.6%

FTX - Best exchange for derivatives trading

FTX Cryptocurrency Exchange

★★★★★
Finder rating
276
Cryptocurrencies
11
Fiat Currencies

FTX is our pick for trading cryptocurrency derivatives because it holds an Australian Financial Services Licence (AFSL). This means it is one of the only cryptocurrency exchanges authorised to offer crypto futures contracts and options to Aussie traders.

On FTX, you can trade a wide range of derivatives, including futures, options contracts and exotic products such as tokenised stocks and predictions markets. All contracts are settled in USD.

FTX offers quarterly or perpetual futures on over 30 major cryptocurrencies, including BTC, ETH and USDT and altcoins such as SOL, AVAX and AAVE. It also offers futures on unique indexes built around a single theme. For instance, the DeFi Index tracks the price of a bundle of 25 DeFi tokens.

Cryptocurrency derivatives are high-risk and should only be used by experienced traders. Using leverage will further amplify your losses as well as your gains.

In addition to derivatives, FTX features a regular spot exchange with over 250 cryptocurrencies available to trade. If you're an experienced trader looking for an all-in-one platform, FTX could be a great solution.

Margin trading is available on both futures (20x) and the spot market (10x), although you will need to meet certain criteria before being eligible to use margin.

  • Wide range of supported altcoins
  • Competitive fee structure
  • Simple and clean user interface
  • AUSTRAC-registered with an AFSL
  • Not recommended for beginners
  • Max leverage capped at 20x
  • Margin trading has the potential to amplify trading losses
Deposit Methods Bank transfer
Cryptocurrency
Wire transfer
PayID
Credit or Debit Card
Deposit Fees No deposit fees
Withdrawal Fees None
Trading Fees Varies

CoinSpot - Best exchange for NFTs

CoinSpot Cryptocurrency Exchange

★★★★★
Finder rating
368
Cryptocurrencies
1
Fiat Currency

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
Deposit Methods Bank transfer
BPAY
Cash
Cryptocurrency
POLi
PayID
Deposit Fees POLi, PayID and direct deposits: None
BPAY: 0.9%
Cash: 2.5%
Direct Deposit: 0%
Direct bank transfer: None
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
74
Cryptocurrencies
19
Fiat Currencies

Disclaimer: CFD service. Your capital is at risk.

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
Deposit Methods Bank transfer
Debit card
Neteller
PayPal
Online banking
Skrill
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

Cointree - Best exchange for crypto SMSFs

Cointree Cryptocurrency Exchange

★★★★★
Finder rating
278
Cryptocurrencies
1
Fiat Currency
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
Deposit Methods Cash
Cryptocurrency
POLi
PayID
Online banking
Deposit Fees POLi Payment:
Fee - $0

PayID:
Fee - $0
$10,000 per 24 hours maximum

Cash Payment:
$9,000 per transaction maximum
Withdrawal Fees Fiat/Money: No fee

Cryptocurrency: Fees vary
Trading Fees 0.05-0.9%

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 - 5 of 35
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

303
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
An Australia-based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

368
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 $20 BTC on sign-up and verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
FTX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, PayID, Credit or Debit Card
USD, EUR, GBP, AUD, HKD, SGD, TRY, ZAR, CAD, CHF, BRL

276
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.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

371
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.
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
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.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

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

Back to top

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.

Back to top

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.

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 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. Digital Surge 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.

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.

Read more on this topic

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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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