This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
Key takeaways
- Binance no longer offers AUD bank transfers as of 2023.
- But there are plenty of other exchanges in Australia that let you buy crypto using AUD.
- Alternate exchanges include SwyftX, Coinbase Australia and Kraken.
Given the big changes happening at Binance, you might be feeling motivated to move your funds off Binance and on to another exchange or into a crypto wallet.
As of 2023, Binance disabled AUD bank transfers, which is one reason you might be looking for an alternative.
If you're looking for a convenient alternative to Binance that offers AUD purchases via bank transfer and PayID for a wide range of cryptocurrencies, check out some options below.
Binance's legal woes
"While Binance remains a popular, feature-rich exchange, it no longer offers AUD deposit and withdrawals. If you're looking to buy crypto in Australia, the ability to use AUD can be a big plus, which is why you might want to find an alternative."
Must read: Using an Australia-based exchange
These exchanges are relatively straightforward to use and aimed at beginners. Mind you, they don't offer quite as many of the advanced trading features or markets that Binance is known for offering, and earning opportunities may be limited or unavailable.
Pros
- Local exchanges headquartered in Australia
- Allow users to buy directly in AUD
- Low and no fee deposits and withdrawals
- User-friendly interfaces
- Wide selection of cryptocurrencies
- Registered with AUSTRAC and compliant with AML/CTF laws
Cons
- Lacks advanced trading features
- Rates may vary, so it's important to check before you trade to see how much you're paying
Compare more alternatives to Binance Australia
We currently don't have that product, but here are others to consider:
Looking for other options? Check out these similar products.
How we picked theseFrequently asked questions
-
The best alternatives to Binance include Coinbase, Kraken, and KuCoin. These exchanges offer a wide range of cryptocurrencies, robust security features and competitive fees, making them strong alternatives to Binance.
Sources
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.
James Edwards is a seasoned cryptocurrency expert and content creator with over a decade of experience in blockchain, DeFi and Web3. An early adopter of Bitcoin, he has contributed to major outlets like Nasdaq, CoinDesk, and The Street, and has reported at leading industry events such as TechCrunch Disrupt and CoinDesk Consensus. James has produced over 200 YouTube videos, including interviews with influential figures like Changpeng Zhao (CZ) and Tim Draper, and holds a Bachelor of Liberal Arts & Sciences in Psychology from the University of Sydney, along with a Tier 1 Generic Knowledge certification in compliance with ASIC standards. James created cryptocurrency content at Finder as a video producer, writer and editor from 2018 to 2023. See full bio
Get rewarded $$ for switching with Finder Rewards
Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.
More guides on Finder
-
IG Markets Review
Read Finder's review of IG Markets, one of the world's longest-running online trading platforms.
-
Pepperstone Crypto Review
Pepperstone Crypto review breaks down their industry-leading 0.1% fees, tight spreads, and high-security platform. See why it’s a game-changer for Aussie Bitcoin and Ethereum traders.
-
Cointree review
Read our Cointree cryptocurrency exchange review to find out how it works and what you need to know before signing up.
-
Gate.io review
What are the pros, cons and headlining features of the Gate.io cryptocurrency exchange? Find out in this comprehensive review.
-
KuCoin review
Learn more about the KuCoin exchange, how it works, what the fees are and how to get started trading.
-
Bitcoin.com.au review
Find out how to buy Bitcoin and Ethereum, or sell Bitcoin, through this Australian Bitcoin broker.
-
eToro crypto review
If you’re thinking of trading cryptocurrencies on eToro, make sure you check out our comprehensive eToro review first.
-
Kraken crypto review Australia
Kraken is a reputable bitcoin and altcoin exchange that is designed with the advanced trader in mind.
-
Coinbase review
We take a look at the pros and cons of using Coinbase Australia’s trading platform and app.
-
Independent Reserve review
Read the full review of Independent Reserve if you’re thinking of cryptocurrency trading.