The Finder Cryptocurrency Exchange Awards 2022 program recognises Australia's best exchanges. Check out the overall winner, as well as other category winners for Beginners, Altcoins and more.
Binance continues to be one of the most innovative exchanges in Australia, pushing the envelope with its product offerings and making them accessible to beginner and veteran users alike. In addition to buying and selling cryptocurrencies, Australians have access to lending services, NFTs and DeFi services.
Crypto.com puts user experience at the heart of its services and is an easily accessible platform for beginners. The Crypto.com mobile app makes buying and selling cryptocurrencies straightforward and allows users to purchase using the Crypto.com debit card.
Digital Surge only charges 0.5% to buy and sell cryptocurrencies instantly, with an average spread of less than ~0.4%, making them one of the best value exchanges in Australia.
On 21 February 2023, Digital Surge announced it had resumed trading after its stakeholders approved a recovery plan intended to repay impacted customers over a 5-year period. Deposits, withdrawals and trading have been fully reinstated.
The platform commenced a voluntary administration process in December 2022 after FTX filed for bankruptcy.
Binance is an industry leader in innovation, constantly bringing new products and services to the market. Australians have access to features such as DeFi products, a "launchpad" for investing in new projects and an extensive learning hub to better educate users about cryptocurrency.
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.
Kraken is one of the oldest cryptocurrency exchanges in the world and offers a sophisticated trading experience for Australians.
Here's how our expert analysts assessed the Australian cryptocurrency exchange (overall) to pick the 2022 winner.
Selection criteria
We conducted an extensive market review of the Australian cryptocurrency exchange market and contacted 33 cryptocurrency exchanges in September 2021 to participate in the awards program. Any exchange that didn't complete the information form was not included in the final analysis.
All exchanges included were required to be registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to be considered for an award.
The award for 'Australian cryptocurrency exchange (overall)' was given to the business that had the highest average score across the 5 following categories, each contributing 20% of the score for the overall winner:
For more details on the weightings used in each category, visit the methodology page.
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