Best crypto exchanges

Compare crypto exchange fees, tradable assets, and bonuses for signing up.

By Verified by David Boyd   |   Updated 15 May 2024

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Comparing of 18 crypto exchanges

eToro Crypto

On website

Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

Featured

eToro Crypto

Highlights

  • Access thousands of assets across multiple categories.
  • Copy trades of popular investors that trade Crypto.
  • Access powerful analysis tools and innovative social features.

Pros

  • The user-friendly website and app make it easy to trade from anywhere.
  • Trade Bitcoin, Ethereum, and 60+ other crypto assets.
  • With its CopyTrader feature, you can replicate the moves of other investors.
  • Start trading with just $10.

Cons

  • There is a 1% fee that is added to the market price.
  • Other exchanges have more selections of crypto coins and tokens.
Swyftx

On website

Highlights

  • Receive $10 worth of BTC when you sign up and verify your account.
  • Trade over 300 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin.
  • Deposit or withdraw funds from your account using several payment methods (PayID, OSKI, POLi or bank transfers).
  • New to Crypto? Try Swyftx's demo mode, it allows you to mock trade with no financial risk while you learn the ropes of crypto trading.

Pros

  • Trade more than 300 crypto assets through the Swyftx platform.
  • Offers tight spreads and low trading fees.
  • Get support within 5 minutes through their live chat.
  • Practice trading with a demo mode.

Cons

  • Lacks access to advanced trading markets.
Block Earner

On website

Block Earner

Highlights

  • Exclusive to Finty: Free trading fees on the first 30 days when you sign up today.
  • Invest in leading DeFi platforms AAVE and Compound.
  • Buy and Sell the top 300 cryptocurrencies with AUD.
  • Borrow up to $250,000 AUD against your crypto with rapid 24-hour approval. Fixed-rate borrowing for 12 months.

Pros

  • Quick signup process.
  • Beginner-friendly trading tools.
  • Deposit or withdraw your funds anytime for free.
  • Australia-based company registered with AUSTRAC.

Cons

  • Lacks access to advanced trading tools.
Binance Australia

On website

Highlights

  • Sign up on Binance Australia to get a 100 USDT cashback voucher. Terms and Conditions apply.
  • World's largest crypto exchanges.
  • Buy, sell, trade, and stake 1,000s of crypto coins and trading pairs.
  • Zero-fee deposit via PayID or Osko from Australia.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
Coinstash

On website

Highlights

  • Offers more than 1,000+ cryptocurrencies.
  • Very competitive 0.85% trading fee.
  • Registered digital currency exchange under AFSL and AUSTRAC.

Pros

  • Safely buy and sell coins from the DeFi space directly on Coinstash
  • Coinstash has an intuitive and easy-to-use interface.
  • Some of its features include Automatic Purchase and Bundles.
  • Accepts BPAY, PayID, and Osko deposits.
  • Live chat is in place to give you instant support.

Cons

  • Deposits using a credit card are not available.
CoinSpot

On website

Highlights

  • Buy Bitcoin, Ethereum, XRP and over 370 other digital currencies.
  • Refer a friend and earn $10 BTC.
  • Get 24/7 helpdesk support.

Pros

  • Trade for only 0.1% and withdraw in AUD for free.
  • Multiple deposit options.
  • Access CoinSpot NFT Marketplace.
  • CoinSpot is regulated by AUSTRAC and is ISO certified

Cons

  • Margin trading is not available.
Cointree

On website

Highlights

  • Buy, sell and trade on Australia’s best crypto exchange - Get free $10 BTC after verification. Just use promo code 10BTC.
  • Secure, Safe & Easy - Trade 280+ cryptocurrencies, including Bitcoin, Ethereum, Ripple and Dogecoin
  • Crypto investing for your SMSF with detailed ATO compliant reporting – Get started in 5 minutes

Pros

  • Cointree has competitive fees for quick buys and sells.
  • You can view and copy the portfolios of recently successful traders.
  • Fast and easy trading with the Cointree app.
  • Get customer support 24/7.

Cons

  • Account verification may take up to 48 hours.
Bitget

On website

Bitget

Highlights

  • Earn up to 5,005 USDT when you sign-up, deposit funds in your account, and start trading. Terms and Conditions apply.
  • Trade over 150 coins and tokens.
  • Main feature includes one-click copy trading
  • Licensed to operate in Australia, Canada, and the U.S. with 24/7 multilingual online support.

Pros

  • The generous sign-up bonus when you meet the criteria.
  • Low trading fees.
  • You can sign-up for a demo account.
  • Get help from their customer support 24/7.

Cons

  • Has a limited number of educational tools and references.
CoinJar

On website

Highlights

  • Trading fees are 0% - 0.1% on CoinJar Exchange and 1% on CoinJar.com and mobile apps.
  • Trade over 60 cryptocurrencies including Bitcoin, Ethereum, Ripple, Shiba Inu, Dogecoin, Solana, and Cardano.
  • Free AUD deposits and withdrawals (PayID, OSKO, or bank transfers), 2% fee on credit/debit card crypto purchases.
  • Earn CoinJar Rewards when you spend your crypto with a CoinJar Card. Free to activate, no monthly charges.

Pros

  • Extremely user-friendly interface.
  • You can use a credit card or debit card to buy crypto.
  • Has a competitive fee structure.
  • Earn rewards with CoinJar Earn.

Cons

  • Limited crypto tokens to trade compared to other platforms.
Independent Reserve

On website

Highlights

  • Instant deposits 24/7 via Osko/PayID.
  • Fee-free deposits are available. Trading fees from 0.5% down to 0.02%.
  • Invest in crypto for your SMSF and get detailed reporting for ATO compliance.

Pros

  • Automate your cryptocurrency trading strategy with Independent Reserve's AutoTrader feature.
  • Its built-in tax calculator makes it easier to file your tax return.
  • ISO certified and has an AUSTRAC license.

Cons

  • It has a limited number of supported coins compared to other exchanges.
Bybit

On website

Bybit

Highlights

  • Earn up to $5,010 when you sign-up today. Terms and Conditions apply.
  • Take advantage of Bybit's high leverage and competitive trading fees.
  • Copy trading is available.

Pros

  • Easy signup process.
  • The complimentary gifts when you meet the criteria.
  • Access to advanced trading tools.
  • 24/7 live chat support.

Cons

  • Limited number of trading pairs.
  • Not regulated.
Coinbase

On website

Finty may be compensated when you click on the link.

Highlights

  • Buy and sell popular digital currencies, keep track of them in one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Coinbase Australia is registered with AUSTRAC.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Advanced trading includes Market, Limit, Stop Limit, and Auction Mode orders.

Cons

  • Fees are higher compared to other exchanges.
Easy Crypto

On website

Easy Crypto

Highlights

  • Buy and sell instantly with Australia's fastest and safest crypto retailer.
  • Deliver to any wallet address or withdraw to your bank account in as little as 2 minutes.
  • Your funds are 100% guaranteed.

Pros

  • Simple and easy-to-navigate interface.
  • There is a wide range of cryptocurrencies available.
  • Includes tracker which shows your portfolio's performance.

Cons

  • High transaction fees compared to other exchanges.
Kraken

On website

Highlights

  • Get started with as little as $10.
  • Sign up today and buy 50+ cryptocurrencies in minutes.
  • Make easy deposits and withdrawals, measure your portfolio's performance and keep track of all of your crypto in one convenient place.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
PrimeXBT

On website

PrimeXBT

Highlights

  • Margin trade Bitcoin, S&P 500, Gold, EUR/USD and 100+ assets.
  • Copy leading trades on the platform and get same returns.
  • Buy Bitcoin, Ether and other major digital currencies using bank transfer or VISA/Mastercard.

Pros

  • Offers margin trading.
  • Low trading fees.
  • Earn up to 14% APY on the most popular crypto assets.

Cons

  • Spot trading is not available.

What is an Australian crypto exchange?

An Australian crypto exchange is the platform where traders and investors can buy, sell, and trade a variety of cryptocurrencies. An exchange facilitates trading between buyers and sellers for a fee, which is their primary source of revenue.

Crypto exchanges in Australia are obliged to comply with regulations established by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Characteristics of the best crypto exchanges in Australia:

Characteristics of the best crypto exchanges in Australia

  • Compliance with AUSTRAC regulations. We only list exchanges that are licensed or regulated by Australian regulators.
  • Low fees. Not only should a good crypto exchange have competitive fees, but any fees should be transparent and easy to understand for traders of all levels.
  • Choice. Not everyone wants to buy and sell Bitcoin alone. The best crypto exchanges list the top coins but also stablecoins such as USDT and USDC as well as upcoming altcoins like Dogecoin, XRP, Cardano, Solana, and Polygon, among others.
  • Security built in. We are looking for robust security measures including cold storage and 2FA as standard. Some exchanges have depositors' insurance, which protects your assets in the event the exchange faces issues with liquidity or gets breached. Ideally, an exchange should have the option to store your crypto tokens on your own hardware wallet instead of the exchange's "hot" wallet.
  • Proof of Reserves (PoR). A means of verifying that an exchange holds enough assets to cover their users' deposits.
    Customer support. Prompt and effective resolution of user queries and issues is a given.
  • Convenient deposit and withdrawal options. Availability of multiple methods for AUD deposits and withdrawals, ideally with low fees for both.
  • Excellent user experience. Suffice to say that some crypto exchanges are not designed well. We list those with an intuitive interface that caters to both novice and experienced traders.
  • Social or copy trading. Popular with beginners, this is a way to trade crypto automatically by following the trades of someone else.
  • Available as a native app. Crypto exchanges are generally available as an app for iOS and Android, although some are implemented better than others.
  • Transaction speed. Crypto moves fast. Exchanges should process orders, deposits, withdrawals, and trades efficiently to avoid slippage.
  • Tax friendly. If the exchange itself doesn't produce tax reports for the ATO, then it should preferably integrate with a dedicated crypto tax service or generate statements that can be imported into one.

Types of crypto exchanges in Australia

There are three main types of exchange available.

  • Centralised exchanges (CEXs). Known for their liquidity and an extensive listing of cryptocurrencies, but often criticised for being vulnerable to security breaches because as the saying goes, not your keys, not your crypto. Binance and Coinbase are prominent examples. Typically more beginner-friendly.
  • Decentralised exchanges (DEXs). Non-custodial platforms that facilitate direct, peer-to-peer transactions over the blockchain. Regarded as a more secure option, with the trade-off being that they can be less user-friendly. Uniswap and PancakeSwap are two of the biggest. Considered less beginner-friendly.
  • Hybrid exchanges. Combines the best of both centralised and decentralised platforms, offering both security and a wide range of services. KuCoin and Crypto.com are examples of exchanges with hybrid features. Generally less beginner-friendly.

FAQ

Is Australia a crypto-friendly country?

Yes, Australia is considered a crypto-friendly jurisdiction in comparison with many other countries.

How can I cash out my cryptocurrency in Australia?

To cash out cryptocurrency in Australia, you can use a crypto exchange that offers fiat withdrawal options. Simply sell your cryptocurrency for AUD and then withdraw the funds to your bank account.

Is trading cryptocurrency legal in Australia?

Yes, it is legal to trade cryptocurrency in Australia thanks in part to the country's forward-thinking regulatory approach.

Can foreigners buy cryptocurrency in Australia?

Yes, both foreigners and residents can buy cryptocurrency in Australia.

What deposit methods are generally supported?

Bank transfers and credit/debit cards are the most widely accepted methods of depositing funds into an account on a crypto exchange in Australia.

What are the typical fees involved?

Fees can vary widely between exchanges but generally include trading fees, deposit fees, and withdrawal fees.