Alternatives to Binance Australia

Swyftx is an Australia-based crypto exchange that features more than 310 assets, compared to over 350 on Binance.

In Finder's 2023 customer satisfaction awards it was the most recommended brand, with 90% of users saying they would recommend the platform, compared to 81% for Binance.

Anyone looking to move their assets over to Swyftx from Binance or another exchange will be pleased to learn about Swyftx's new Portfolio Transfer tool.

It allows users to easily migrate any eligible assets over to Swyftx using API Keys. Transfers from Binance are free, while other exchanges are eligible for a fee refund.

Swyftx has an easy-to-navigate and beginner-friendly UI and features an education hub where you can take crypto courses to learn new skills and test your knowledge with quizzes. Once you've signed up and completed the KYC verification process, you're ready to start trading.

CoinSpot is one of Australia's longest-running exchanges and has over 2.5 million registered users.

It has over 350 cryptocurrencies available, which is roughly the same as Binance.

One of the stand-out features of CoinSpot is its fast and straightforward purchasing process, which earned CoinSpot a Finder Award for Instant Purchases. The platform supports various payment options for AUD, including bank transfer, PayID, POLi payments and BPAY, making it easy for investors to purchase cryptocurrencies quickly and efficiently.

In addition to speedy purchases, CoinSpot offers great value fees at just 0.1% for market orders which is similar to Binance's spot market fees. However, limit orders, instant buys, sells and swaps incur a 1% charge.

Coinstash offers a more extensive range of cryptos than any other Australia-based exchange. With over 1,000 coins and tokens available to trade, it offers vastly more assets than Binance.

Cryptos are available for purchase via the platform's DeFi Connector, which allows traders to buy and sell popular high-cap cryptos and lesser-known altcoins. Once you've confirmed a purchase order, your Australian dollars are instantly converted and the cryptos are deposited into your Coinstash wallet.

Coinstash is integrated with 6 blockchains including Ethereum, BNB Chain, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks.

Launched in 2012, Coinbase is one of the longest-running and most reputable global crypto exchanges. It has over 110 million verified users and over 200 coins and tokens listed, including most major trading pairs.

It has long been a major competitor to Binance although it offers less coins and features overall. Notable features include its advanced spot market, earning and staking options, NFT marketplace and the Coinbase wallet.

Coinbase has deep liquidity and is frequently listed in the top 5 exchanges by trade volume.

Coinbase also has 24/7 customer support and a robust security system, protecting users' funds and personal information.

With over 185 trading pairs, Kraken is widely regarded as one of the best exchanges for professional trading. The platform features a full-featured trading interface, an NFT marketplace and an education hub.

Kraken regularly exceeds a daily trading volume of US$500 million and is renowned for its deep liquidity across high market cap trading pairs. Traders utilising Kraken Pro can take advantage of various order types such as stop-loss, market and limit orders with inbuilt TradingView charts.

As far as advanced trading goes, Kraken is on par with Binance although it offers only half as many cryptocurrencies.

Trading fees work on a volume system, meaning users trading in high volumes are rewarded with fee discounts, which go as low as zero for maker orders and 0.1% for taker orders.