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Australia’s best crypto exchanges to channel your inner Satoshi

We analysed 1,100 data points and 25 cryptocurrency exchanges so you don't have to.

Best crypto exchanges in Australia for 2024

This list was updated on 22 May 2024, based on the 2024 Finder Awards.

  • Kraken – Best overall, extra features and advanced trading
  • Swyftx – Best for beginners
  • Coinstash – Best exchange for altcoins
  • CoinSpot – Best local exchange
  • OKX – Best for instant purchases
  • Bybit – Best crypto app
  • eToro – Best platform for copy trading
  • Binance – Highly commended for advanced trading
  • CoinJar – Best exchange for value
  • KuCoin – Best exchange for emerging altcoins
  • Coinbase – Best learn and earn program
  • Cointree – Best for crypto SMSFs

How did we pick these exchanges?

We analyse more than 1,100 data points across 25 cryptocurrency platforms in Australia to find winners in 6 different categories. Approximately 100 hours went into data collection, review and analysis.

Awards are based on quantitative criteria which are weighted and scored for each category.

Read the full methodology for our crypto trading platform awards

1. Kraken: Best overall exchange

Kraken

★★★★★
Finder score
257
Supported cryptos
7
Fiat currencies

AUSTRAC-registered

Kraken is widely recognised as one of the leading crypto exchanges in the world and was a three-time winner in the 2024 Finder Awards. It won in the categories of Best Overall, Extra Features and Advanced Trading, and was also named Highly Commended in the Beginners category.

The platform features a professional trading interface, competitive fees, staking, swaps, AUD deposits and withdrawals, 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.

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. Kraken markets interface

Pros
  • Registered with AUSTRAC
  • Advanced order types
  • Customisable charting features
  • Wide range of fiat currencies and forex trading
  • Founded in 2011, one of the longest-running crypto exchanges
  • Over 280 USD trading pairs
Cons
  • Fewer assets than some competitors
  • Sued by ASIC for it's margin lending product in September 2023
  • Limited AUD pairs on the spot market
Deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,PayID
Deposit Fees Bank transfer, PayID or OSKO: None
Cryptocurrency: Fees vary
Credit and debit card: Fees vary
Withdrawal Fees Bank transfer/OSKO: None ($5 minimum withdrawal)
SWIFT: $55 ($150 minimum withdrawal)
Cryptocurrency: Network fees apply
Trading Fees Maker: 0.20 – 0.25%
Taker: 0.35 – 0.40%

2. Swyftx: Best for beginners

Swyftx

★★★★★
Finder score
384
Supported cryptos
3
Fiat currencies

AUSTRAC-registered
Get $20 in BTC when you verify your account. T&Cs apply.

Swyftx is an Australia-based crypto exchange that features more than 310 assets and boasts over 600,000 users. It was named the best exchange for Beginners in the 2024 Finder Awards thanks to its educational tools, user support and demo mode.

It was also the most recommended brand in Finder's 2023 customer satisfaction awards, with 90% of users saying they would recommend the platform.

With thousands of 5-star reviews on Trustpilot and a local Australian customer support team it's no surprise Aussies rated the brand so highly.

The platform 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.

The Swyftx mobile app offers a comprehensive user experience with all the same features supported on the desktop exchange. It is available for download via the App Store or Google Play.

Swyftx is AUSTRAC-registered, independently audited and holds all customer balances on a 1:1 basis. Once you've signed up and completed the KYC verification process, you're ready to start trading. Swyftx markets interface

Pros
  • Registered with AUSTRAC
  • Simplified dashboard – quickly view your assets and their performance
  • 310+ cryptos available to buy, sell and trade
  • Demo account available – test set-ups and strategies on the go
  • Thousands of 5-star reviews on Trustpilot
  • Australia-based customer support
Cons
  • Mobile charting is less comprehensive than some competitor apps
  • Limited range of order types
  • Beginner-oriented UX – advanced traders may prefer a tier-1 global exchange
Deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,PayID
Deposit Fees Bank transfer: $0
Card: Fees vary
PayID: $0
Cryptocurrency: $0
Withdrawal Fees AUD: $0
Cryptocurrency: $0 (network fees apply)
Trading Fees 0.1–0.6%

What our users are saying about Swyftx

Swyftx users consistently praise its customer service team, with many users saying how quick they were to respond. Beginner cryptocurrency investors appear to have an easy time using the platform.

Criticism of Swyftx appears to revolve around accounts being banned and users struggling to retrieve funds.

3. Coinstash: Best exchange for altcoins

Coinstash

★★★★★
Finder score
875
Supported cryptos
1
Fiat currency

AUSTRAC-registered
Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.

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 won the 2024 Finder Award for Altcoins trading, having also won the same award in 2023.

Many 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.

This mean you can purchase a wider range of altcoins that are often unavailable through other exchanges, without having to worry about smart contracts or non-custodial wallets.

Once you've confirmed a purchase order, your Australian dollars are instantly converted and the crypto is deposited into your Coinstash wallet.

It also offers convenient features like instant and limit buys, crypto bundles, rewards programs, as well as industry-standard security and fully-backed reserves.

Coinstash is integrated with 10 blockchains including Ethereum, Binance, Base, Solana, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks. Coinstash markets interface

Pros
  • Registered with AUSTRAC
  • 1,000+ cryptos available
  • DeFi Connector – purchase on-chain cryptos with AUD
  • Advanced order types and charting tools
  • Offers thematic bundles of cryptos for simplified investing
  • Secured by Fireblocks
Cons
  • No USD or stablecoin spot market
  • Trading fees are on the higher side
Deposit Methods Bank transfer,Cryptocurrency,Osko,PayID
Deposit Fees PayID: None
Osko: None
Withdrawal Fees Cryptocurrency: Fees vary
AUD: None
Trading Fees 0.85%

What our users are saying about Coinstash

Coinstash users have a lot of positive things to say about the exchange, typically focusing on the ease-of-use and access to exotic cryptocurrencies.

Criticisms are few, with only one user taking aim at the quality of customer service.

4. CoinSpot: Best local exchange

CoinSpot

★★★★★
Finder score
469
Supported cryptos
1
Fiat currency

AUSTRAC-registered
Get $20 in BTC when you make a deposit. T&Cs apply.

CoinSpot is one of Australia's longest-running exchanges and has over 2.5 million registered users. It's an excellent choice for beginner investors looking to dip their toes into the world of cryptocurrencies. CoinSpot received Highly Commended awards in the best Overall and Altcoins categories of the 2024 Finder Awards.

This Australia-based exchange has a user-friendly interface, making it easy for newcomers to navigate the platform and start trading over 380 cryptocurrencies.

One of the stand-out features of CoinSpot is its fast and straightforward purchasing process. The platform supports various payment options for AUD, including POLi payments, BPAY, and PayID, 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 and OTC trades. Instant buys, sells and swaps incur a 1% charge. CoinSpot markets interface

Pros
  • Registered with AUSTRAC
  • Easy to navigate UI, with prices displayed in AUD
  • AUD payment methods include POLi, PayID, BPAY and cash deposits
  • Buy crypto bundles – a group of projects in a specific niche
  • Inbuilt NFT marketplace
  • Holds ISO 27001 security certificate and completed a successful External Statutory Financial Audit
Cons
  • Advanced trading features are not as comprehensive as some competitor exchanges
  • Crypto borrowing and lending aren't available
  • Instant swap fees of 1% can be costly for large orders
Deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,PayID
Deposit Fees Bank transfer and PayID: None
Cash: 2.5%
Card: 1.88%
Withdrawal Fees AUD: None
Cryptocurrency: Fees vary
Trading Fees 1%

What our users are saying about CoinSpot

A common theme among CoinSpot users is praise for how easy the platform is to use and its beginner-oriented features. Customer support is also well regarded.

As for criticisms, they tend to focus on issues with account verification and security measures that some users find inconvenient.

5. OKX: Best for instant purchases

OKX

★★★★★
Finder score
87
Supported cryptos
1
Fiat currency

AUSTRAC-registered
Earn up to AUD$50 in BTC when you deposit and trade. T&Cs apply.

OKX is a cryptocurrency exchange that was founded in 2017 and is now one of the largest exchanges in the world based on trading volume and users. It lets you instant buy more than 70 cryptocurrencies with AUD with competitive fees and an extensive range of payment options.

It is one of the few exchanges that offers derivatives trading (including futures, options and perpetual swaps) in Australia. You’ll need to be a verified wholesale client to access derivatives trading.

OKX also publishes monthly proof of reserve snapshot to verify it holds funds to cover all user assets.

Pros
  • Straightforward exchange interface
  • Educational resources
  • Copy trading
  • Over 70 instant buy cryptos available
  • Trade with multiple fiat currencies
Cons
  • Poor customer service reviews
Deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card
Deposit Fees AUD: None
Bank transfer: None
Cryptocurrency: None
Network fees may apply
Withdrawal Fees Bank withdrawal: None
Other AUD withdrawal options: Fees vary
Cryptocurrency: Fees vary
Trading Fees 0.500%
Advanced Trading Features Yes

6. Bybit: Best crypto app

Bybit

★★★★★
Finder score
499
Supported cryptos
20
Fiat currencies

AUSTRAC-registered

Bybit is a cryptocurrency exchange founded in 2018 and headquartered in Singapore. It's best known for its expansive range of features, in-depth trading experience and a best-in-class mobile app for trading on the go.

The Bybit app features a user-friendly interface that makes navigating and placing trades simple. It includes advanced trading tools such as real-time charts, order book depth and price alerts to help you make informed decisions and stay updated with market trends.

Bybit's uses industry-standard security measures to protect user data and funds. It has 2-factor authentication (2FA) and biometric authentication (fingerprint and face recognition).

The mobile app is available for download via the Apple store and Google Play and supports multiple languages including English, Chinese, Japanese, Korean and Spanish.

Pros
  • Bybit's platform is easy to navigate even for new users
  • Advanced trading tools such as real-time charts, order book depth and price alerts
  • Bybit markets typically have deep liquidity
  • Fully functional mobile app makes trading on the go easy
  • Advanced security measures include multi-signature wallets, cold storage and 2FA
Cons
  • Not registered with AUSTRAC
  • Not all features are available to Australian users
  • Foreign exchange fees for AUD deposits
Deposit Methods Cryptocurrency,Moonpay,P2P,Banxa,Mercuryo
Deposit Fees AUD: Fees vary
Cryptocurrency: None
Withdrawal Fees Fiat: Fees vary
Cryptocurrency: Fees vary
ATM Withdrawal: 2% (after the first 100 USD monthly)
Trading Fees Maker: 0.005—0.10%
Taker: 0.015—0.10%

7. eToro: Best platform for copy trading

eToro Crypto

★★★★★
Finder score
106
Supported cryptos
22
Fiat currencies

ASIC-registered
Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.

eToro pioneered the concept of copy trading back in 2010. Since then, the platform has expanded to include various 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 set-ups.

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 strategies, speculate on prices and share important news. eToro Crypto markets interface

Pros
  • Registered with ASIC
  • Supports copy trading for crypto and stocks
  • Pioneers of copy trading
  • Strong community and social focus
  • Offers an insurance fund
Cons
  • 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,Credit card,Debit card,PayPal,eToro Money
Deposit Fees Fees vary (up to a 3% currency conversion fee for AUD)
Withdrawal Fees AU$5 (min. of US$30)
Up to a 3% currency conversion fee for AUD
Trading Fees 1%

What our users are saying about eToro

eToro users praise the platform for its ease of use, social trading features like copytrading, and its customer support which includes a phone-based option.

However, it's crystal clear what users dislike – the fees. Users complain about withdrawal fees as well as spreads.

8. Binance: Highly commended for advanced trading

Binance Australia

★★★★★
Finder score
383
Supported cryptos
80
Fiat currencies

AUSTRAC-registered
Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

With low spot market fees, a feature-rich trading platform and a vast selection of cryptocurrencies and trading pairs, Binance received 3 Highly Commended awards in the 2024 Finder Awards in the categories of Advanced Trading, Extra Features and Altcoins.

You can customise your trading interface with multiple charts, indicators and data feeds. There is a desktop app available for Windows and Mac which offers greater customisation and immersion.

There are also trading bots with preset strategies for grid trading, rebalancing, dollar-cost averaging and TWAP.

Binance users can benefit from using BNB to pay for trading fees, which results in a 25% discount on spot trades. While it formerly offered AUD deposits and withdrawals, this feature was removed in June 2023.

Boasting around 30 million registered users and more trading volume than any competitor, Binance is the world's largest exchange. Binance Australia markets interface

Pros
  • Registered with AUSTRAC
  • Low spot market fees
  • Huge range of supported cryptocurrencies
  • Comprehensive earning features
  • Smartphone app offers Lite mode for beginners
  • Zero-fee Bitcoin spot trading for select pairs
Cons
  • Website can be overwhelming for beginners
  • Poor customer service score on Trustpilot
  • Ongoing regulatory issues in the US, the UK and Japan
  • Target of an on-going civil enforcement action by the US CTFC
Deposit Methods Credit card,Cryptocurrency,Debit card,P2P
Deposit Fees Cryptocurrency: None
Withdrawal Fees AUD: Not supported
Cryptocurrency: Fees vary
Trading Fees Maker: 0.0120 – 0.1000%
Taker: 0.0240 – 0.1000%

What our users are saying about Binance

Reviews of Binance praise the smartphone app in particular, which offers all the features of the desktop exchange in a compact format. Users also enjoy the wide range of coins available as well as the extra features like staking.

Binance users appear to critique it for two main reasons – poor customer service and an overwhelming user interface that is not well suited for beginners. A small number of users expressed issues when trying to withdraw funds, which is hampered by poor customer support.

9. CoinJar: Best exchange for value

CoinJar

★★★★★
Finder score
70
Supported cryptos
4
Fiat currencies

AUSTRAC-registered

CoinJar was the winner of the Value award in the 2024 Finder Awards thanks to its competitive fee structure across trading, deposits and withdrawals. You can buy and sell more than 60 cryptocurrencies with as little as $10, and pay no fees on bank deposits and withdrawals.

There's a simple 1% fee on all crypto and fiat conversions, and a 2% fee on instant buys via card, Apple Pay and Google Pay. For more advanced investors, the CoinJar exchange has maker and taker fees of 0.10% on fiat trading pairs, or 0.06% on crypto-to-crypto or crypto-to-stablecoin trading pairs.

CoinJar also offers a crypto card, bundles, a free app and SMSF support. CoinJar markets interface

Pros
  • Registered with AUSTRAC
  • Competitive fees across the board
  • Multiple fiat trading pairs
  • Decent selection of cryptos
  • Advanced trading platform
Cons
  • Fewer assets than some competitors
Deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,PayID
Deposit Fees PayID: $0
Bank transfer: $0
SEPA: $0
Faster Payments: $0
Cryptocurrency: $0
Debit or Credit card: 2%
Withdrawal Fees AUD: $0
Cryptocurrency: Network fees apply
Trading Fees Maker: 0.02—0.10%
Taker: 0.06—0.10%

10. KuCoin: Best crypto exchange for emerging altcoins

KuCoin

★★★★★
Finder score
809
Supported cryptos
5
Fiat currencies

AUSTRAC-registered
Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

KuCoin lists an impressive array of up-and-coming altcoins compared to other centralised crypto exchanges, which is why it's our winner for this category.

Usually, to buy trending altcoins, you must purchase them through a decentralised exchange (DEX) like Uniswap or PancakeSwap, which requires learning how to use a Web3 wallet and a blockchain.

With KuCoin, all you have to do is create your account and you'll have access to over 700 digital assets.

Many of these assets are brand new, untested and much riskier than coins like BTC and ETH, so tread carefully. KuCoin markets interface

Pros
  • Provides access to 700+ crypto assets
  • No Know Your Customer (KYC) process required to trade crypto-to-crypto
  • Offers altcoin staking
  • Relatively low trading fees
Cons
  • Not registered with AUSTRAC as a digital currency exchange
  • Numerous poor customer service reviews
  • Emerging assets can be higher-risk investments
Deposit Methods Credit card,Cryptocurrency,Debit card,P2P
Deposit Fees Cryptocurrency: $0
Credit/debit card purchase fees vary
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: -0.005—0.100%
Taker: 0.025—0.100%
Advanced Trading Features Yes

11. Coinbase: Best learn and earn program

Coinbase Australia

★★★★★
Finder score
248
Supported cryptos
4
Fiat currencies

Launched in 2012, Coinbase is one of the longest-running and most reputable crypto exchanges. It has over 110 million verified users and over 200 coins and tokens listed, including most major trading pairs. It won 3 Highly Commended awards in the 2024 Finder Awards.

Coinbase emphasises its goal to help bring Web3 to the masses and educate and onboard beginners. As part of this, the platform offers a learn-to-earn hub, which we've recognised as the best in its class.

Coinbase Learn is easy to use and provides a gamified experience, which makes it engaging and accessible for users of all levels.

After signing up and verifying your Coinbase account, you can start trading, earning and learning. The platform is easy to use and markets typically offer deep liquidity.

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

Pros
  • Registered with AUSTRAC
  • Simple sign-up process
  • Beginner or advanced trading options
  • Incentivised learn-to-earn feature
  • Includes trade, earn and NFT platforms
  • Hundreds of markets and several trading pairs, including USDC, BTC and ETH
Cons
  • Derivatives trading is not supported in Australia
  • Advanced trading features are not as comprehensive as some competitor exchanges
  • Crypto borrowing and lending are not available in Australia
Deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,PayID
Deposit Fees AUD: None using bank transfer or PayID
Cryptocurrency: None
Withdrawal Fees AUD: None
Cryptocurrency: Fees vary
Trading Fees Maker fee: 0.00 – 0.40%
Taker fee: 0.08 – 0.60%

12. Cointree: Best for crypto self-managed super funds

Cointree

★★★★★
Finder score
230
Supported cryptos
1
Fiat currency

AUSTRAC-registered
Get $10 BTC on your first trade. T&Cs apply.

Cointree offers 5-day customer support, low trading fees and comprehensive tax tools, which is why it's our pick for the best exchange for self-managed super funds (SMSFs).

Cointree allows SMSF-eligible customers to add Bitcoin, Ethereum and other cryptocurrencies to their retirement portfolio. It supports over 280 assets on its 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 with the process in several ways, including setting up a trust deed. The platform also provides digestible performance overviews to help review investment strategies. Users can 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 meet your SMSF needs. It's always a good idea to consult a financial advisor before opening an SMSF.

Pros
  • Registered with AUSTRAC
  • 280+ cryptocurrencies available
  • Integration with SMSF experts
  • 5-day customer support
Cons
  • Comparatively high spot market fees
  • No debit or credit card purchases
  • No earn features
Deposit Methods Bank transfer,Blueshyft,Cryptocurrency,PayID
Deposit Fees Fiat: None
PayID/Bank transfer: None
Cryptocurrency: None
Withdrawal Fees Fiat: None
Cryptocurrency: Fees vary
Trading Fees 0.5 – 0.75%

Finding the best crypto exchange in Australia

Our investment experts have analysed more than 25 cryptocurrency exchanges available in Australia to make it easier for you to select the right one. Our best crypto exchange picks are based on the 2024 Crypto Trading Platform Awards and 2023 Finder Customer satisfaction Awards. We have only included exchanges that are registered with AUSTRAC or ASIC. Keep in mind that these picks are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.

Why you can trust our research

25

Crypto exchanges analysed

1,100

data points

300+

hours of research

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.

Which crypto exchanges accept AUD?

The following exchanges allow you to deposit AUD or buy crypto using Australian dollars:

  • CoinSpot
  • Kraken
  • Coinbase
  • Swyftx
  • Coinstash

Why you can trust Finder's crypto experts

free

We're free

Our comparison tables are completely free to use. We link you directly to the platform's secure sign-up page and we'll never ask you for personal details. Better still, we regularly have exclusive offers that you won't find anywhere else.
expert advice

We're experts

We've researched and rated dozens of crypto exchanges as part of our Finder Crypto Trading Platform Awards. We've published hundreds of guides and our in-house experts are regularly called upon for commentary in Nasdaq and The Street.
independent

We're independent

Unlike other crypto media, we're not owned by an exchange or investment firm. Our opinions are our own and we put our readers first to help you find the crypto trading platform that's right for you.
help

We're here to help

We're a team of crypto nerds with extensive experience in investing, trading and decentralised finance but we also remember how it feels to be a beginner. We give you first-hand reviews of what it's like to use these products – without jargon.

How to choose the best crypto 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.

Using an AUSTRAC-registered exchange to buy cryptocurrency

There are plenty of places to buy crypto, including platforms founded here in Australia or based in locations all around the world. Exchanges headquartered locally are required to register with AUSTRAC and comply with requirements that don't apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.

Pros
  • Australia-based exchanges must comply with AUSTRAC's Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations.
  • You can usually buy crypto with Australian dollars.
  • Exchanges in Australia typically support local payment methods.
  • You may be able to access local customer support.
  • Subject to local laws.
Cons
  • You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously.
  • Overseas trading platforms may provide better liquidity.
  • AUD-to-crypto prices are sometimes slightly higher than USD-to-crypto prices, meaning you sometimes pay a premium for buying directly with Australian dollars.
  • Some features are simply not available on AUSTRAC-registered exchanges. For example, margin trading, DeFi features and some altcoins.

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 27
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
OFFER
OKX
Bank transfer, Credit card, Cryptocurrency, Debit card

1

87

Earn up to AUD$50 in BTC when you deposit and trade. T&Cs apply.
Go to site

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

875

Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
Go to site

Capital at risk

View details
Exclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

469

Get $20 in BTC when you make a deposit. T&Cs apply.
Go to site

Capital at risk

View details
Finder Award
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

7

257

Go to site

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

3

384

Get $20 in BTC when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
CMC Invest
BPAY, Bank transfer (Direct Deposit)

1

7

Go to site

Capital at risk

View details
Exclusive
EXCLUSIVE
eToro Crypto
Bank transfer, Credit card, Debit card, PayPal, eToro Money

22

106

Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.
Go to site

Capital at risk

View details
Exclusive
EXCLUSIVE
Digital Surge
Bank transfer, Cryptocurrency, Osko, PayID

1

374

Receive $10 BTC on sign-up and verification. T&Cs apply.
Go to site

Capital at risk

View details
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, P2P

80

383

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
Go to site

Capital at risk

View details
Finder app
Finder app
Bank transfer, PayID

1

13

Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.
1 - 1 of 1
Name Product Payment Methods Supported Fiat Currencies Cryptocurrencies Minimum Deposit
Plus500 Cryptocurrency CFDs
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
$200
CFD service. Your capital is at risk.
Trade CFDs on top cryptos as well as Australian and international shares, indices, commodities and more.
Go to site
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Finder survey: What assets do Australians invest in?

Response
None36.47%
Individual stocks34.39%
Real estate19.13%
Bitcoin18.33%
Index funds (e.g. ETFs)17.74%
Ethereum11.4%
Other cryptocurrencies11%
Forex5.05%
Other4.96%
Commodities4.26%
Stablecoins2.58%
Source: Finder survey by Pure Profile of 1009 Australians, December 2023

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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Risks of using a crypto exchange

  • Cybersecurity breaches. Hacks and scams are, unfortunately, commonplace in the crypto space. Exchange-related security breaches and targeted phishing scams remain a major concern for exchanges and their customers.
  • Not your keys. "Not your keys, not your crypto" is a common industry saying and refers to holding your digital assets in a wallet that another person or company controls, such as on an exchange. By storing cryptos on an exchange rather than in a non-custodial wallet, you're relinquishing full ownership of those assets and putting trust in a third party – which some may see as contradictory to the decentralised philosophy of crypto.
  • Lack of consumer protection. While crypto exchanges are increasingly regulated in Australia and may be registered with AUSTRAC, they are still lacking a lot of consumer protections such as mandatory insurance or strict rules about how user assets are managed.
  • Proof of reserves. Since the widely publicised collapse of FTX, many traders and investors have demanded centralised exchanges provide proof of reserves and user deposits. This may be done by a third-party auditor or through the use of on-chain data. Proof of reserves is still an evolving concept, and it's not clear yet what the best practices are or how reliable it will prove to be.
  • Transaction limits. Most crypto trading platforms have daily deposit and withdrawal limits. This means that even though you may have, for example, 10,000 AUD available, you may not be able to access and withdraw the total balance. Transaction limits depend on the exchange and AUSTRAC stipulations and typically increase as you provide additional KYC information.
  • Frozen accounts. Crypto exchanges freezing deposits and withdrawals can happen without warning. If your account is frozen, you will not be allowed to remove your funds until the exchange approves or denies your request. Precautionary measures such as only holding a trading balance on an exchange are recommended.
  • Asset delistings. Centralised exchanges can opt to delist a cryptocurrency at any time. This can happen for numerous reasons, including poor asset performance, security concerns or anti-money laundering (AML) breaches. If delisting is taking place, you will be notified by the exchange and forced to sell your assets or remove them from the platform.

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

2024 Bitcoin price predictions report

We polled 40 specialists in the fintech industry to get their opinion on how Bitcoin would perform during 2024, all the way through to 2030.

All prices mentioned in this report are denominated in US dollars.

The average peak price our panellists predict Bitcoin will hit by year-end 2024 is US$87,875, with some predicting it will climb as high as US$200,000. The average lowest price our panellists predict Bitcoin will hit by year-end 2024 is US$35,734, with some predicting it will fall as low as US$20,000.

Our panellists also predict BTC will hit US$122,688 by 2025 and US$366,935 by 2030.

They were more bullish than in our most recent survey from October 2023 and in our survey from this time last year. In neither our October 2023 nor January 2023 surveys did our panelists think BTC's price would crack US$100,000 by 2025 or US$300,000 by 2030.

"Bitcoin's potential to reach $80,000 in 2024 can be attributed to several factors," says Kadan Stadelmann, CTO of Komodo.

"First, major companies and institutional investors are showing growing interest in bitcoin, which is likely to drive demand. Second, the approval of spot ETFs makes price exposure to bitcoin more accessible than it was in previous market cycles. Lastly, and most importantly, the 2024 halving will reduce the newly issued supply from 6.25 BTC per block to 3.125 BTC, creating a scarcity that tends to increase its value."

Is now the time to buy, sell or hold Bitcoin (BTC)?

The majority of our panellists believe it's a good time to buy BTC.

To be exact, 57.5% think Bitcoin is a buy at its current price, while 37.5% believe it's a good time to hold the asset. Only 5% think it's time to sell.

Jason Lau, Chief Innovation Officer at OKX, believes it's time to buy BTC.

"Bitcoin continues on its 15-year trajectory of ever-increasing adoption and accessibility," begins Lau. "With the approval of the ETF, we now have cleared a major hurdle from the SEC and major financial institutions. The increased access for retail investors, coupled with alignment from financial institutions to adopt and promote bitcoin is going to kick off a new wave of inflows over time. While short-term volatility is expected as firms and hot money reposition, the longer-term prospects are bright."

Josh Fraser, cofounder of Origin Protocol, also thinks it's time to buy, as he believes quantitative easing (QE) from The US Federal Reserve is coming.

"In order to see a full-blown bull market, we'll likely need some form of QE," explains Fraser. "It's likely we'll see QE by the end of 2024, although it's likely the ramifications of this won't take full effect until early 2025."

FAQs

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.

Joselle Delos Reyes's headshot
To make sure you get accurate and helpful information, this guide has been edited by Joselle Delos Reyes as part of our fact-checking process.
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Written by

Editor

James Edwards was the cryptocurrency editor at Finder. He led the editorial strategy and reported on the latest industry news to further Finder's mission of helping people make better financial decisions. A relatively early adopter, James has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in his ability to boil down complex topics into language his parents can understand. His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think, and he has coordinated a vast number of high-profile interviews with the industry's brightest minds. He is a regular contributor to Nasdaq and is frequently called upon for market commentary in Australia and abroad. See full bio

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16 Responses

    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
      MayDecember 16, 2018Finder

      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

    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
      JohnDecember 4, 2018Finder

      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

    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
      JohnNovember 15, 2018Finder

      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

    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
      JohnNovember 8, 2018Finder

      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

    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
      JohnOctober 29, 2018Finder

      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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