10 Best Crypto exchanges & apps in Australia [Ranked] - April 2024

Best Crypto Exchanges In Australia
Table of contents

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In April 2024 we can expect to see a wide variety of options for Australians looking to invest/buy/sell cryptocurrencies and other digital assets – but which are the best?

We’ve researched and gathered a list of some of Australia’s best crypto exchanges. This will help you to know exactly where to go when you’re ready to take the plunge into crypto investing.

Quick takeaway:

  1. Coinspot exchange (Our favorite Australian-based exchange)
  2. Coinjar exchange (Our second favorite Australian-owned exchange)
  3. Etoro (Best all-around financial app)
  4. Coinstash (Best local platform for altcoins)
  5. Independent Reserve (Another solid local player in the market)
  6. Crypto.com (Simplest for beginners entering the crypto scene)
  7. Kraken (More advanced options for traders)
  8. KuCoin (Largest number of supported coins)
  9. Swyftx (Another crypto app with a user-friendly interface)
  10. Binance (Our overall favorite platform all around)

Get ready to experience the best the crypto world offers with our top picks for Australian crypto exchanges.
This article will provide an overview of some of the leading crypto exchanges in Australia and discuss their overview features, fees, pros, and cons.

10 Best Crypto Exchange Platforms In Australia April 2024 Our Picks Compared & Ranked

1) CoinSpot Exchange – The most trusted and secure exchange in Australia

Coinspot

CoinSpot is a well-established Australian cryptocurrency exchange that was founded in 2013. With over 2.5 million users, it is considered one of the most trusted crypto exchanges in the country.

One of the main advantages of CoinSpot is the wide range of supported cryptocurrencies. They currently offer over 370 coins, which is one of the largest selections available in Australia. This allows users to build a diverse portfolio of cryptocurrencies easily.

CoinSpot also offers a user-friendly interface that is easy to navigate. It is well-suited for both new and experienced traders, and they also have an easy-to-use mobile app that allows users to trade crypto on the go.

CoinSpot has a good reputation for security. They store most of their funds in cold storage and have implemented several security measures to protect users’ accounts and personal information. They also have a comprehensive FAQ section and a customer support team to help users with questions or issues.

CoinSpot’s fees are considered competitive, and they are transparent about their fee structure. Their exchange trading fees on all trades start at 0.1% and an AUD withdrawal fee that varies based on the coin at the time of writing.

PROS

  • Good reputation for security and trusted crypto exchange
  • Over 370 coins are available, one of Australia’s largest selections.
  • Ability to earn interest on approximately 21 coins
  • User-friendly interface that is easy to navigate

CONS

  • No advanced trading market.
  • CoinSpot currently does not offer margin or futures trading.

learn_more

Website screenshot:

CoinspotScreenshot

2) CoinJar Exchange Our overall favorite platform all around

CoinJarLogo

CoinJar is a simple cryptocurrency exchange that has been operating in the Australian market for a long time, building a reputation for trust and reliability.

The platform supports a limited range of 50+ coins, which may be a downside for users looking for a wider range of options.

CoinJar’s trading fees are also 1%, slightly higher than other exchanges. Established in the Australian market with a strong reputation having also been verified by AUSTRAC and an Australian-based company based in Melbourne.

PROS

  • Enables Apple and Google Pay deposits
  • Supports Mastercard
  • Simple and friendly interface
  • Registered with AUSTRAC

CONS

  • Higher trading fees of 1%
  • Limited availability in coins at the time of writing (Only 50+)

learn_more

Website screenshot:

CoinjarScreenshot

3) Etoro (Best all-around financial application)

etoro_logo

eToro is a good choice for traders searching for a dependable, user-friendly, secure platform with a wide range of assets and reasonable costs. eToro is a great choice for traders of all levels due to its commitment to regulatory compliance, outstanding customer service choices, and flexible deposit ways. The platform supports not only Crypto assets but also traditional stocks and other types of investments.

eToro is also a regulated and licensed platform, so consumers can be assured that they are safeguarded by regulatory control. The European Securities and Markets Authority (ESMA), CySEC, the Financial Conduct Authority (FCA), and other important regulators oversee and license the platform. This ensures that eToro complies with all applicable rules and regulations, giving users the security and peace of mind they need to trade confidently.

PROS

  • Provides lots of powerful functionality for traders
  • Has a unique “copy trading” feature that allows you to copy trades of other users on the platform
  • Has social networking functionality built in to enable you to interact with other users and learn more
  • Supports copy trading for crypto and stocks

CONS

  • Can be complicated and overwhelming for new users
  • It can be challenging to choose the appropriate trader to copy
  • Fees for foreign exchange on AUD deposits
  • A limited number of cryptocurrencies are available
  • Fees and spreads may be higher than those found on crypto exchanges.

learn_more

ACN 612 791 803, AFSL 491139. OTC derivatives are speculative financial products that are leveraged. OTC derivatives are not appropriate for all investors. You do not have ownership of the underlying assets. You run the risk of losing your entire investment. This information is broad in nature and has not been developed with your aims, financial condition, or requirements in mind. Take a look and read the following disclaimers: Product Disclosure Statement (PDS and TMD).

Website screenshot:

EtoroScreenshot

4) Coinstash (Best local player for altcoins)

Coinstash Logo

Coinstash is another Australian based platform based out of Queensland and similar to other platforms was founded in 2017 by Mena Theodorou and Ting Wangwith over 25,000 users on its platform buying and selling various assets.

Through its revolutionary DeFi Connector technology, the exchange provides affordable trading fees on 680+ different cryptocurrencies. DeFi Connector enables Australians to buy a wide selection of altcoins from decentralized exchanges using AUD.

The website offers a number of payment options, instructional resources, and a customer service team dedicated to assisting users with their investments. Coinstash checks a number of boxes for investors searching for a straightforward, easy-to-use spot cryptocurrency exchange. This is all wrapped up in a nice intuitive user interface and like most of the others on our list supported by convenient mobile applications for Android and iOS users.

The DeFi connector functionality is quite unique and integrates with multiple blockchains such as Solana, Eth chain, BNB (Binance’s blockchain) and Polygon which ensures you don’t have to communicate directly on-chain or be concerned about utilising smart contracts or non-custodial wallets, and all of your transactions are validated by fire blocks, a mechanism that adds extra security to transactions and mitigates several security attack vectors.

Summary of Fireblocks from their website:

Fireblocks is a blockchain-based platform for developing blockchain applications and managing digital asset operations. It provides great performance, no counter-party risk, and numerous layers of security. Fireblocks adheres to five basic principles: zero counter-party risk, the elimination of attack vectors, business continuity, granular control, and the delivery of high-performance products and services that are simple to use.

In addition the connector feature sources information from multiple databases and financial aggregation platforms to automatically source Crypto assets with the lowest fees and lowest processing fees on their respective Blockchain network helping you make more efficient purchases.

PROS

  • Extra security measures with Fireblock technology
  • Mobile app for iOS and Android
  • Registered with Australian regulatory bodies like AUSTRAC
  • Australian based company
  • More than 1,000 cryptocurrencies are supported and AUD support

CONS

  • Bank transfer is the only fiat deposit method and you can only withdraw with a bank account, at the time of writing PayPal or other methods are not supported
  • There is no USD or stablecoin spot market functionality

learn_more

Website screenshot:

CoinstashScreenshot

5) Independent Reserve (Another solid local player on the market)

IndependantReserve

Independent Reserve is an Australian-founded cryptocurrency exchange with user-friendly features for both novice and professional traders. Independent Reserve makes it simple for anyone to begin trading cryptocurrencies with a straightforward sign-up process and a user interface designed for beginners. The portal even supports one-click crypto purchases, allowing customers to purchase their preferred digital assets fast and conveniently.

The capacity of the Independent Reserve to acquire dozens of various cryptocurrencies in New Zealand dollars via SWIFT or PayID is one of its primary advantages. Users can invest in digital assets without having to deal with complicated currency conversions or trading pairings. Users with Australian bank accounts can also use additional NPP methods to make deposits and withdrawals.

To protect customer cash from potential attacks, Independent Reserve has obtained ISO 27001 accreditation and implements sophisticated security methods such as cold storage offline. It is a good choice for both novice and expert traders.

PROS

  • Independent Reserve provides a convenient mobile app and web browser interface
  • Its competitive trading fees make it an affordable choice for investors with straightforward cheap fiat fees
  • It supports over 20 different coins
  • The built-in crypto wallet allows for easy storage and management of digital assets
  • There are numerous customer service solutions accessible
  • There are numerous tutorial resources available from the company

CONS

  • It has a restricted number of coins
  • It does not presently offer staking functionality
  • User interface is not quite as polished compared to other options
  • There are fewer coins available for trading
  • Lower liquidity levels, which may have an impact on larger trades

learn_more

Website screenshot:

IndependantReserveScreenshot

6) Crypto.com – Best exchange for beginners

CryptoDotComLogo

Crypto.com is a popular cryptocurrency exchange known for its mobile-first approach and user-friendly app. The platform is designed to be easy for beginners, making it a great option for those new to cryptocurrency trading.

One of the key features of Crypto.com is its online crypto exchange, which provides users with a more in-depth crypto trading platform experience. The platform allows users to buy, sell, and hold over 200 cryptocurrencies, including the Australian-dollar-based stablecoin TAUD.

Getting started with Crypto.com is simple. Users can download the app and link a credit card or bank account to start buying and selling cryptocurrencies. The platform also offers a straightforward way to buy, sell, and hold cryptocurrencies, making it easy for beginners to navigate.

PROS

  • Best platform for beginners
  • User-friendly interface and mobile app
  • Holding over 200 cryptocurrencies
  • Supports TAUD, an Australian-dollar-based stablecoin

CONS

  • It charges higher trading fees unless you hold and use CRO
  • Poor customer support
  • The trading pairs are limited

learn_more

Website screenshot:

CryptoDotComScreenshot

7) Kraken – Best exchange for trading in Australia

KrakenCryptoExchangeLogo

Kraken is one of the most reputable and well-established cryptocurrency exchanges offering Australians sophisticated trading options. The exchange provides access to various order types, such as stop-loss, market, and limit orders, with customisable charts designed to suit experienced traders’ needs.

Kraken has a daily trading volume of US$500 million, making it one of the most liquid crypto exchanges on the market. Traders can expect to execute trades at fair prices and with minimal slippage. This is particularly beneficial for Australian crypto traders who want to execute large trades or trades with high precision.

The exchange’s trading fees are based on a volume system, which means that high-volume traders can benefit from competitive fees. High-wealth traders with large trading volumes can even get fees as low as zero.

This makes the exchange a great choice for successful traders who want to trade frequently or trade large amounts of assets.

In addition, Kraken offers 24/7 support, a secure and reliable trading platform, and rigorous security measures, which include two-factor authentication and PGP encryption. With all these features, Kraken is considered one of the best exchanges for trading in Australia.

PROS

  • Advanced trading options for experienced traders
  • Wide range of order types
  • High liquidity and fair prices
  • Volume-based trading fees, with low fees for high-volume traders
  • 24/7 customer support
  • Secure and reliable trading platform

CONS

  • Australians are not allowed to engage in margin trading or dealing with derivatives.
  • Fewer assets when compared to certain other rivals.

learn_more

Website screenshot:

KrakenScreenshot

8) KuCoin Trading Platform

KuCoinLogo

KuCoin is a crypto trading platform considered one of the best in Australia for its huge range of coins, advanced trading options, and low fees. The platform has over 11 million users and is particularly popular among advanced crypto traders.

KuCoin offers a massive range of 700+ coins, one of the largest in the industry. This makes it an ideal platform for traders looking to trade various crypto assets. The platform also offers competitive trading fees of 0.1%, which is competitive with other exchanges in the market.

KuCoin offers a variety of trading options, including spot trading, margin trading, futures, and P2P marketplace. One of the unique features of KuCoin is that it offers free access to crypto trading bots.

This feature is particularly beneficial for traders looking to automate their trades and use advanced algorithms.
KuCoin also offers 24/7 customer support and has a user-friendly interface. The platform also has robust security measures to protect users’ assets.

PROS

  • More than 700+ coins are available
  • Wide variety of cryptocurrency offerings
  • Low trading fees
  • User-friendly interface
  • Free crypto trading bots

CONS

  • Cannot withdraw fiat currencies

learn_more

Website screenshot:

KucoinScreenshot

9) Swyftx – Another crypto app with a user-friendly interface

SwyftxLogo

Swyftx is a popular and easy-to-use crypto trading app that is widely regarded as one of the top crypto apps in Australia. Swyftx’s straightforward layout and mobile-friendly features set it apart from other exchanges, making it a perfect alternative for beginners or those who want to trade on the go.

Swyftx provides a full user experience, allowing users to access over 280 cryptocurrencies and pairs, including popular options such as Bitcoin, Ethereum, and Dogecoin. Swyftx also allows customers to rapidly check their assets and earnings history, as well as receive real-time updates on the worth of their portfolio.

Users can trade on their mobile devices at any time by downloading the Swyftx app from the App Store or Google Play.

Swyftx has a dedicated customer support team available 24/7 to assist users with any issues. The team is responsive and helpful; users can contact them via email or live chat. Based in Queensland Swyftx is quite popular in Australia as well as some other countries like New Zealand across the ditch.

Pros

• Simple and user-friendly platform
• Wide range of cryptocurrencies – about 280 cryptos
• Swyftx’s paper trading feature allows you to experiment with various trading setups and strategies without risking any actual funds.

Cons

• Mobile charting features are limited in comparison to other crypto exchange trading apps.
• Swyftx offers only basic market buy and sell order types.

learn_more

Website screenshot:

swyftx_screenshot

10) Binance

Binance

Update: We previously rated Binance higher up on our list however, Binance’s overall rating has been reduced for the following reasons:

  • AUD deposits and withdrawals are no longer accepted
  • PayID is no longer supported
  • Support for derivatives trading is no longer available
  • Uncertainty as a result of ongoing allegations filed against Binance entities

Binance is a popular cryptocurrency exchange known for its wide variety of coins and tokens, fast transaction speeds, and high-level security. The crypto exchange was founded in 2017 and has quickly become one of the largest and most well-respected exchanges in the crypto space.

It offers the ability to buy over 300 coins and build up your Cryptocurrency portfolio. Binance is one of the biggest exchanges worldwide, with over 30 million registered users and higher levels of trade than other rivals.

With over 100 coins, Binance offers a wide range of potential revenue sources through staking, savings accounts, and yield farming. It has an NFT marketplace to explore too where you can purchase static images or animated pictures that you can use on social media or other places.

Experienced investors can also make use of the platform’s advanced trading possibilities such as order varieties, automated transactions, and charting selections.

PROS

  • High liquidity and fast transaction speeds

  • A wide variety of coins and tokens are available

  • Advanced trading features for experienced traders

  • Strong security measures are in place

  • User-friendly interface

  • Mobile App support

CONS

  • Has previously been hacked but has ramped up security since

  • The platform’s support can be slow to respond to customer inquiries

learn_more

Website screenshot:

BinanceScreenshot

How to pay for your cryptocurrency

How to pay for your Cryptocurrency

You’ll need to fund your cryptocurrency exchange or make another transfer. Bitcoin exchanges frequently accept a wide range of deposit options, including the following:

  • Debit and credit cards
  • PayPal, as well as other online payment services
  • Deposits in cash
  • Bank transfers
  • POLi payments
  • Prepaid cards
  • Cryptocurrency transfers
  • PayID, Osko and other NPP payments
  • Wire transfers
    The payment methods permitted will differ between exchanges, so make sure your desired payment method is supported before joining up.

What to look for when considering a Crypto exchange platform

Factors to consider when choosing a Crypto Exchange from Australia

There are many different factors to consider when choosing an exchange to utilise, here are some factors to consider and points we looked at when choosing platforms for this article:

Wide variety of assets to choose from

Diverse_Portfolio

Does the exchange in question trade the assets you desire? With thousands of different types of cryptocurrency around, no exchange can make trading pairs offered for all of them. For example, most exchanges will likely have popular coins like Bitcoin, Ethereum, Solana, Cardano, and Binance coin readily available for trading, but not all may have a less-popular crypto.

Also depending on which country you are in you will want to make sure your fiat currency (e.g. AUD, USD, NZD, Euro) is accepted so you can deposit money into the exchange and then buy/sell crypto.

Many exchanges also support other channels such as credit cards, PayPal, and Google Pay so picking one that has your preferred payment functionality built-in will make it easy to access the assets you’re wanting to purchase.

User-friendly design

UserExperience-UX

Some cryptocurrency exchange sites have “fundamental” and “advanced” views, enabling users to select their design. Others are created particularly for those entering crypto investing as a beginner to prevent as much confusion as possible. Traders often require advanced features like liquidity so they can make trades at any time.

If that’s the case, a newbie-friendly exchange might be the best option for you so you can get the hang of the basics first and then as you learn more and have more complex requirements you can swap over to the advanced layout and access other features.

Reputation and Cyber Security practices:

SecurityCategory

Begin by investigating the exchange’s reputation and security measures. Look for exchanges with a proven track record, great user feedback, and an open attitude to security. Check to see whether they have ever had a serious security breach and how they have updated their security processes.

Furthermore, exchanges should support industry best practices for security such as providing options for anti-phishing codes, 2FA (2 Factor Authentication) as well as allowing users to choose very long strong passwords for their accounts.

Regulation and Compliance

Local regulations

Make certain that the transaction complies with Australian legislation. Look for exchanges that are registered with ASIC, and AUSTRAC, as well as following the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws. Compliance with legislation protects your funds and ensures greater transparency between you and the exchange.

Trading Costs and Fees

TradingFees

Compare the trading fees charged by various exchanges. Exchanges often charge a percentage of the transaction amount or a flat cost for each transaction. Think about the charge structure and how it relates to your trading volume and frequency. Also, keep an eye out for any deposit, withdrawal, or network fees related to the exchange.

Supported Payment Methods

Payments-Donation-Form

Be sure to check the payment methods accepted by the exchange and whether it is a payment method you use or have access to. Most exchanges accept bank transfers, credit/debit cards, and popular payment channels such as PayPal, VISA, Mastercard, or direct bank transfers. Check if the exchange has payment alternatives that are the most convenient for you, as well as any potential additional costs and processing times.

Liquidity

Liquidity and trading volume

Liquidity is critical for a smooth trading experience. Increased liquidity ensures that you can acquire or sell your assets promptly and at a reasonable price. Liquidity is often better on exchanges with bigger trading volumes. Look for exchanges with adequate liquidity for the cryptocurrencies you want to trade.

Customer Support

CustomerSupportIcon

Think about the exchange’s customer support quality and availability. Look for exchange’s that provide a variety of help methods, such as live chat, email, or phone support. If you encounter any problems or have queries about your transactions, prompt and dependable customer service will be very helpful to ensure you get your questions answered by an expert from the exchange.

Account Setup and Verification Ease

ExchangeVerification

Understand the verification process and the requirements for opening an account on the exchange. Some exchanges have a simple verification process, but others may necessitate significant documentation. Consider how much time and effort is required to finish the verification procedure and whether it corresponds to your preferences.

Additional Functionality

AdditionalFeatures

Look into any other features provided by the exchange. Some exchanges offer advanced trading features such as margin trading, futures trading, day trading, and loan programs. Others might provide staking or rewards programs. Be sure to check out these extra features to see if they fit into your use case and goals when it comes to getting involved in Crypto.

How do I report crypto for my taxes

How do I report crypto for my taxes

Consider using trusted cryptocurrency tax software such as CoinLedger to appropriately report bitcoin for taxes. This user-friendly application streamlines the difficult process of tracking and calculating your cryptocurrency transactions, assuring tax compliance. CoinLedger securely interfaces with a variety of exchanges and wallets, allowing you to instantly import and manage your transaction data. CoinLedger simplifies the tax reporting process allowing you to stay informed and confident in your crypto tax filings. In addition to using a platform like this you may also want to talk to your local accountant to get their insights into your accounting and overall financial health.

Are Australian Crypto Exchanges Better Than Global Exchanges?

Are Australian Crypto Exchanges Better Than Global Exchanges?

Not necessarily, many exchanges including ones based outside Australia have an Australian entity that is registered and incorporated within Australia to handle their Australian operations and remain compliant with regulations such as AUSTRAC. Anti money laundering and Anti-terrorism financing laws.

When trading on the best global exchanges, you effectively trade through AUSTRAC’s Australian subsidiary and are within the jurisdiction of Australia which ensures the companies must follow local laws. For example the global platform Binance has the following snippet published on its website at the time of writing:

InvestbyBit Pty Ltd (ABN 98 621 652 579) (trading as “Binance Australia”) operates a digital currency exchange registered with AUSTRAC. Binance Australia only offers spot conversion between fiat and digital currency, and Binance Earn Services.

The main types of Cryptocurrency exchanges

The-main-types-of-Crypto-Exchanges

The term “exchange” refers to a wide range of cryptocurrency brokers, trading platforms, and other services. Different types of exchanges are frequently tailored to either beginner or more experienced users. For newcomers, cryptocurrency brokers can be utilized to make simple, quick, and easy purchases directly from Bitcoin brokers.

Bitcoin/Crypto trading platforms can be used by intermediaries to purchase and sell Bitcoin on an open market for competitive fees, a diverse range of cryptocurrencies, and optional added features such as margin trading and day trading. To trade bitcoin derivatives for high speed, high leverage more advanced “liquid platforms” provide a comprehensive range of features that are aimed at advanced users to engage in trading.

Close to 1 in 5 Australians own crypto According to a report by Independent Reserve back in 2020 with adoption expected to grow

Source: Independent Reserve

Top picks for Australian users according to members of Reddit.com

Best Australian Cryptocurrency Apps⁄Platforms According to Reddit

Here are some different curated viewpoints around top Australian platforms from users on the popular social networking site Reddit where different users weigh in with their opinions.

Binance normally has lower fees, whereas Coinbase has much superior earn and learn programs for a few free coins now and then. (Paraphrased)
Kraken is a good option for the most affordable prices. You might also look into BTC Markets or Independent Reserve, both of which are Australian-based exchanges that differ from brokers like Swyftx and Coinspot. (Paraphrased)

Independent Reserve, with its headquarters in North Sydney, has done pretty well. (Paraphrased)

Binance, Coinjar I’ve used it before. Coinspot is adequate, but its costs are excessive. BTCmarkets is an old one, however it had a problem with mistakenly disclosing customer information. Check out Amber.io if you wish to buy BTC using micro-transactions (like Raiz or Starship). (Paraphrased)

Coinspot was recommended to me years ago, and I’ve been using it ever since. If you’re looking for long-term storage, I believe they’re the greatest option, especially if you’re only sending to cold storage. (Paraphrased)

I’m shocked no one brought up Gemini. For the past year or two, I’ve been using it to purchase cryptocurrency. Although it is an American corporation, you can deposit with a credit card or wire transfer dollars. Fees and charges should be equivalent, in my opinion. I chose it because of its simplicity for someone like me who only wants to add some bitcoin. (Paraphrased)

What Is The Safest Way To Buy Bitcoin In Australia?

What Is The Safest Way To Buy Bitcoin In Australia?

Bitcoin prices skyrocketed in 2020, only to plummet again afterwards. You can lose a lot of money if you do not acquire Bitcoin correctly, therefore here are a few best practices:

Set yourself up with a proper investment strategy

Successful traders and investors plan their acquisitions 4-5 months in advance. Because cryptocurrency is so volatile, this is very critical. Begin with the end in mind (e.g., “my goal is to have $15,000 in 1 year”), then work backward to match the number of investments required and be sure any amount your putting in is an amount your willing to lose if the market goes another way.

Avoid FOMO (Fear of missing out)

Like any type of investment or new technology it can be very easy to get excited and get anxious about potentially missing out on the “the next big thing”. Like anything it can be a good idea to step back and take a holistic view and exercise more caution before making rash decisions.

While some crypto assets can make you some money others can lose value and be entirely worthless these are known as Shitcoins and carefully researching the assets your looking to purchase will help you make a better decision. For example some questions to ask yourself are:

“Does the underline coin have any use cases e.g. Smart contracts or software applications?”

“Do you understand the project your investing in and does it have a working economic model?”

“Does the project share technical information and have a white paper explaining the goal of the project or coin?”

Buy your Bitcoins and other Crypto assets from a reputable exchange

Its critical to only buy assets from trusted reputable apps and exchanges, we have simplified this for you by producing this article that contains several well known platforms to help you easily buy your preferred Cryptocurrencies.

FAQ (Frequently Asked Questions)

Australian Crypto Exchange FAQ's

A cryptocurrency exchange is a company that allows customers to exchange cryptocurrencies for other assets such as traditional fiat money or other digital currencies.

Exchanges may accept credit card payments, wire transfers, or other forms of payment in exchange for digital currencies or cryptocurrencies. Withdrawing cryptocurrency is possible on dedicated cryptocurrency exchanges such as Binance and Coinbase.

These platforms make the whole process of creating & managing your crypto wallet easy compared to traditional methods that involved hardware and at times complex software not accessible to non-technical users.

Some exchange platforms such as eToro and RobinHood also allow other types of assets to be traded such as stocks and other fiat currencies (e.g. USD, Euro, and others) in addition to Crypto assets.

All the exchanges we have listed in this post can be used by Australians wanting to get into the crypto scene including some others not listed here such as eToro & Swyftx.

Conclusion & final thoughts

All up there are several great platforms these days available to Australians that help make the process of buying, selling, staking and trading very easy compared to the early days of Crypto that required more technical knowledge. In conclusion our 2 favorite options are Coinspot due to it been an Australian company and well respected player in the industry and a close second CoinJar another solid local option due to its simplicity especially for those who are beginners to Crypto and want to have access to a wide variety of coins and assets.

Whether you’re a seasoned trader or just getting started, our list of some of the best crypto exchanges in Australia will help you get started buying and selling Bitcoin and other assets with ease.

Why Trust AGR Technology?

AGR Technology’s journey began in 2013 when Alessio Rigoli established it as a YouTube channel  back in high school and later expanded into a tech-focused blog. Initially covering diverse topics like Android, Cyber Security, Blockchain, and EdTech, the business has come a long way since its early days.

Today, AGR Technology offers a comprehensive suite of services to businesses, including Website development, Hosting, Software Development, and Digital Marketing. We take pride in our ability to serve clients of all sizes, spanning various industries. Our commitment to providing innovative and high-quality technology solutions has helped numerous businesses achieve growth and success and our focus on content publishing has still remained over the years. We write our own independent assessments and are not owned by an exchange.

Disclaimer:

Crypto assets can be highly volatile unregulated investment products and like any type of investment can increase or decrease in value. By no means is this article designed to be financial advice. While we vet each platform we mention on our website and provide regular content updates, we recommend that you conduct extensive research before making investment decisions, form your own opinion, and invest only what you can afford to lose because there is no such thing as a guarantee in investing.

Factors taken into consideration when writing this article:

  • We created criteria for picking exchanges to assess, including as reputation, trading volume, user base, regulatory compliance, and the number of coins available, as well as their websites to confirm they had licenses and compliance to operate in Australia and other things like AUSTRAC and KYC protocols.
  • Check each platform to see what type of security features they offer such as anti-phishing codes, 2FA codes and overall reputation for handling cyber security per industry best practices.
  • User friendly platform interfaces to ensure the platforms are easy to understand for beginners.
  • We collected relevant data on each exchange, which included visiting each exchange’s website, reading user reviews, and looking for recent news or events relating to the exchange.
  • Checked each platform to see what types of coins and assets they supported.

Source(s) cited:

“Cryptocurrency Fee Structure” CoinSpot, www.coinspot.com.au/fees. Accessed 28 Jan. 2023.

[Online]. Available at: https://asic.gov.au/regulatory-resources/digital-transformation/crypto-assets/ (Accessed: 21 January 2023).

How to work out and report CGT on crypto [Online]. Australian Taxation Office . Available at: https://www.ato.gov.au/Individuals/Investments-and-assets/Crypto-asset-investments/How-to-work-out-and-report-CGT-on-crypto/ (Accessed: 28 January 2023).

Ted. “Is Bitcoin Legal in Australia?” Swyftx – Cheap, Easy, Secure, 30 July 2021, swyftx.com/au/blog/is-bitcoin-legal-in-australia/. Accessed 28 Jan. 2023.

“How to Withdraw AUD from Binance.com”, Binance Support. [Online]. Available: https://www.binance.com/en-ZA/support/faq/how-to-withdraw-aud-from-binance-com-546f8070943444d08bf0c528eefce65f. [Accessed: 28-Jan.-2023].

“CoinJar Crunchbase” Accessed January 28, 2023. https://www.crunchbase.com/organization/coinjar.

Just a moment…. https://www.etoro.com/customer-service/regulation-license/. Accessed May 7, 2023.

www.iconfinder.com/icons/7581550/download/png/512. Accessed 21 May 2023. Via http://creativecommons.org/licenses/by/3.0/

www.iconfinder.com/icons/5724956/download/png/512. Accessed 21 May 2023. Via the following CC license: http://creativecommons.org/licenses/by-sa/3.0/

“Independent-Reserve-Cryptocurrency-Index-Irci-2020.” December 23, 2020. Accessed May 21, 2023. https://www.independentreserve.com/static/independent-reserve-cryptocurrency-index-irci-2020.pdf.

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https://www.iconfinder.com/icons/4634995/download/png/48. Accessed May 16, 2023. Via http://creativecommons.org/licenses/by/3.0/

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