With so many crypto exchanges in Australia, it’s hard to pick the best. We’ve simplified your search by evaluating the top six, highlighting their main features. Make an informed choice for your trading needs.
Top Aussie Crypto Exchanges: Which Are Best?
| Exchange | Fees | Cryptocurrency | CoinLedger Rating |
| eToro Australia | 1% fees | Less than 100 cryptocurrencies (plus access to stocks!) | 9.2/10 |
| Crypto.com | 0.075% trading fees | 300+ | 9.0/10 |
| Independent Reserve | 0.02%-0.5% | 15+ | 8.8/10 |
| BTCC | 0.03% spot trading fees | 300+ | 8.9/10 |
| CoinSpot | 0.1% on spot trading | 440+ | 9.6/10 |
| Swyftx | 0.1% – 0.6% depending on trading volume | 320+ | 9.4/10 |
| Kraken | 0 – 0.26% fees on Kraken Pro | 200+ | 9.3/10 |
| Pionex | 0.05% on spot trading | 120+ | 9.1/10 |
| Coinbase Australia | 0 – 1% on Coinbase Advanced (however, fees can be higher depending on multiple factors — including market conditions) | 120+ | 9.6/10 |
Pionex
Maximize crypto returns with Pionex, offering free trading bots for automated transactions. Among Australia’s top 10 exchanges, Pionex stands out, providing unique tools for efficient crypto trading.
- Fees: 0.05% on spot trading
- Cryptocurrencies: 120+
- CoinLedger Rating: 9.1/10
BTCC
Looking for top crypto exchanges in Australia? BTCC, established in 2011, stands out with over 1 million global users. It offers a unique trading experience, boasting a margin of up to 225x. Discover why BTCC is among the 10 best exchanges in Australia!
- Fees: 0.03% spot trading
- Cryptocurrency selection: 300+
- CoinLedger Rating: 8.9/10
Binance
Binance, an international cryptocurrency exchange, offers investors a comprehensive range of digital assets for trading, along with advanced trading and investment features. These include cryptocurrency futures, margin trading, and leveraged trading, providing users with diverse options to enhance their trading strategies. One of its standout features is the offering of decentralized finance services, including staking, savings, and crypto-backed loans, which empowers users to unlock additional value from their digital assets. Furthermore, Binance distinguishes itself by allowing trading in various fiat currencies, a rarity among Australian exchanges, thus catering to a broader user base. The identity verification process at Binance is straightforward, requiring only basic details such as government-issued ID verification and phone and email verification. Trading limits are determined by your verification level and the market you’re trading in, ensuring a secure and regulated trading environment. For instance, fiat currency trades are capped at $5,000, while withdrawal limits start at 2 BTC or its equivalent value in AUD, balancing convenience with security. With over 60 million merchants worldwide accepting it, the Binance Visa card lets you use crypto for everyday transactions. Despite a 2019 hack, Binance stands strong as one of Australia’s most secure exchanges, offering significant discounts to BNB token holders. This platform not only ensures safety but also provides convenient access to your digital assets.
- Binance Australia
- Pros: World-class exchange with significant liquidity. Trading fees start at 0.1% for maker and taker orders. An advanced trading interface accessible on desktop and mobile apps. A wide range of crypto services and features.
- Cons: Too complex for some seeking to buy and hold crypto. Limited deposit options for Australians.
Swyftx: Top Aussie Exchange
After evaluating over 4,600 reviews on TrustPilot, with an average rating of 4.6/5, Swyftx has secured a spot on our list of the 10 best exchanges in Australia. This trading platform has continuously enhanced the user experience, catering to individuals’ needs. Once your account is verified, depositing AUD funds is easy using various payment methods, including bank transfers, POLi, credit/debit cards, PayID, and cryptocurrencies from your external wallet. Swyftx offers a customizable dashboard, perfect for tracking the digital currencies in your wallet. Additionally, they provide crypto bundles, which are groups of crypto assets that can be purchased in a single transaction or recurring orders. Another notable feature is the ability to deposit Australian Dollars (AUD) to quickly buy over 350 cryptocurrencies. Plus, they have a referral code that gives new users $20 in free Bitcoin. As for fees, Swyftx charges between 0.1% and 0.6%, depending on the order value. New to crypto? Swyftx offers a demo mode for trading practice, no real funds needed. And when you’re ready, deposit AUD from your bank account into your real account, fee-free. Start your crypto journey with Swyftx today!
- Swyftx Pros:
- Offers a wide range of cryptocurrencies for buying and selling.
- Features a demo mode with $10,000 of virtual AUD.
- Boasts excellent customer ratings and reviews on TrustPilot.
- Includes an integrated TradingView charting package with advanced tools and indicators.
Kraken
Kraken, an American-based exchange, caters to global investors with its low fees and support for advanced transactions, making it a standout choice for seasoned investors seeking a robust trading platform.
- Fees: 0 – 0.26% on Kraken Pro
- Cryptocurrency selection: 200+
- CoinLedger Rating: 9.3/10
CoinSpot
With over 2.5 million users and support for 440+ cryptocurrencies, CoinSpot stands as a prominent and trusted exchange in Australia, boasting a rich history since its establishment in 2013.
- Fees: 0.1% on spot trading
- Cryptocurrency selection: 440+
- CoinLedger Rating: 9.6/10
Can Australians Use Their Debit or Credit Cards for Crypto Purchases?
Many Australian crypto exchanges and international platforms catering to the Australian market allow users to purchase cryptocurrencies using Australian debit and credit cards, offering a quick and convenient way for Aussies to buy crypto. However, it’s important to note that some banks or card issuers may restrict or block cryptocurrency purchases, so it’s advisable to check with your financial institution beforehand. Additionally, using cards often incurs higher fees compared to other payment methods like bank transfers. Popular exchanges like Binance Australia support card payments, but investors should be aware of any foreign transaction fees that may apply, especially on international platforms. As always, investors should compare fees across different exchanges and payment methods to find the most cost-effective option for their needs.
How Does Australia Tax Cryptocurrency?
In Australia, cryptocurrencies are taxed as property under Capital Gains Tax (CGT). When individuals or businesses dispose of their crypto assets through selling, trading, or using them to purchase goods and services, any financial gain is taxable. The Australian Taxation Office (ATO) requires these transactions to be reported and CGT paid on any profit. However, if the cryptocurrency is held for more than 12 months before disposal, individuals may be eligible for a 50% CGT discount. Additionally, if cryptocurrencies are used as part of a business, the transactions may be subject to income tax. Regulations are constantly evolving, emphasizing the importance of users regularly consulting with local accountants or financial advisors to ensure compliance with local laws. To facilitate accurate tax reporting, it is crucial for crypto users to maintain detailed records of all transactions, including dates, values, and the purpose of each transaction.
Does Australia Regulate Cryptocurrencies?
Cryptocurrency exchanges in Australia face strict regulation from the Australian Transaction Reports and Analysis Centre (AUSTRAC), ensuring adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) legislations. The Australian Securities and Investments Commission (ASIC) further regulates initial coin offerings (ICOs) and financial products tied to crypto-assets, providing a comprehensive regulatory framework for the industry. This oversight aims to maintain market integrity and protect investors.
Does Australia Tax Cryptocurrency Holdings?
In Australia, cryptocurrency is taxed as it’s considered property, making it subject to capital gains tax (CGT). Financial gains from disposing of crypto assets are taxable, necessitating detailed record-keeping for precise tax reporting. Due to the constantly evolving regulatory landscape, it’s imperative for users to consult with a local accountant or financial advisor to ensure adherence to local tax laws.
Can I Use Australian Dollars (AUD) to Purchase Cryptocurrencies?
Looking to buy cryptocurrencies using Australian dollars? You’re in luck! Most crypto exchanges in Australia facilitate AUD deposits and withdrawals, often with direct trading pairs for top cryptos like Bitcoin and Ethereum. This means no more hassle of converting to USD first â you can dive into the crypto market with your Aussie dollars right away. Common deposit methods include bank transfers, POLi, PayID, BPAY, and even credit or debit cards at some platforms.