Crypto trading continues to grow rapidly in Australia, with more investors seeking reliable platforms to buy, sell, and trade digital assets. Choosing the right exchange depends on factors like fees, security, supported coins, and user experience. Below, we’ve thoroughly tested and ranked the top 10 crypto exchanges for Australian traders.
Best Crypto Exchanges in Australia: Quick Comparison
| Exchange | Supported Coins | Trading Fees | AUSTRAC Registered | Rating |
|---|---|---|---|---|
| Swyftx | 310+ | 0.6% | Yes | 4.9/5 |
| Bybit | 380+ | 0.075% | No | 4.7/5 |
| Binance | 386 | 0.1% | Yes | 4.6/5 |
| KuCoin | 800+ | 0.1% | No | 4.5/5 |
| CoinJar | 50+ | 1% | Yes | 4.4/5 |
| Independent Reserve | 30+ | 0.5% | Yes | 4.3/5 |
| CoinSpot | 380+ | 0.1% | Yes | 4.2/5 |
| Pionex | 268 | 0.05% | No | 4.1/5 |
| Bitget | 536 | 0.04% | No | 4/5 |
| Phemex | 211 | 0.06% | No | 4/5 |
Top 10 Crypto Exchanges in Australia (Detailed Reviews)
1. Swyftx: Best AUSTRAC-Regulated Exchange
Overview:
Swyftx is a beginner-friendly platform offering 310+ cryptocurrencies, low fees (0.6%), and AUD deposits. It’s AUSTRAC-registered and emphasizes security with ISO 27001 certification.
Pros:
- AUD support and fast bank transfers
- Demo mode for practice trading
- Live chat and educational resources
Cons:
- No margin or derivatives trading
- Requires full KYC verification
2. Bybit: Top for Leverage Trading
Overview:
Bybit specializes in derivatives trading with up to 100x leverage. Though not AUSTRAC-registered, it’s popular for advanced tools like copy trading and bots.
Pros:
- Low fees (0.075%)
- High liquidity for futures
Cons:
- Limited fiat options
- No AUD deposits
3. Binance: High Liquidity & Global Reach
Overview:
Binance dominates global trading volume, offering 386 coins and AUD support. It’s AUSTRAC-compliant and features staking, NFTs, and a user-friendly app.
Pros:
- Low trading fees (0.1%)
- Robust security measures
Cons:
- Complex for beginners
- Limited customer support
4. KuCoin: Diverse Altcoin Selection
Overview:
KuCoin lists 800+ coins, including niche tokens. It offers staking, lending, and trading bots but lacks AUSTRAC registration.
Pros:
- Wide coin variety
- Competitive fees (0.1%)
Cons:
- Lower liquidity for smaller coins
- KYC required for withdrawals
5. CoinJar: Long-Standing Aussie Platform
Overview:
Operating since 2013, CoinJar supports 50+ cryptos and AUD deposits. It’s AUSTRAC-regulated and ideal for beginners.
Pros:
- Simple interface
- Bank integration
Cons:
- Higher fees (1% for instant buys)
👉 Learn about CoinJar’s OTC desk
6. Independent Reserve: Best for Bitcoin
Overview:
This exchange focuses on security and compliance, offering 30+ coins. It’s ISO 27001-certified and suits institutional traders.
Pros:
- Strong regulatory compliance
- OTC trading desk
Cons:
- Limited altcoins
7. CoinSpot: User-Friendly App
Overview:
CoinSpot is Australia’s largest exchange, with 380+ coins and AUD support. It’s praised for its ease of use and security.
Pros:
- Instant AUD deposits
- 24/7 customer support
Cons:
- Limited advanced features
8. Pionex: Best for Trading Bots
Overview:
Pionex offers 16 free trading bots and low fees (0.05%). Ideal for automated strategies but lacks fiat support.
Pros:
- No-cost bots
- High leverage options
Cons:
- Unregulated in Australia
9. Bitget: Copy Trading Leader
Overview:
Bitget excels in social trading, allowing users to mirror expert strategies. It supports AUD via P2P but faces regulatory scrutiny.
Pros:
- Low fees (0.04%)
- Innovative copy trading
Cons:
- Limited fiat support
10. Phemex: Altcoin Trading Hub
Overview:
Phemex offers 211 coins and derivatives trading. It’s unregulated but provides competitive fees (0.06%).
Pros:
- High leverage (100x)
- Mobile app
Cons:
- No AUSTRAC registration
Key Factors When Choosing an Exchange
- Fees: Compare trading, deposit, and withdrawal costs.
- Security: Prioritize AUSTRAC-registered platforms with 2FA and cold storage.
- Supported Coins: Ensure your desired cryptocurrencies are listed.
- Customer Support: Opt for exchanges with responsive help channels.
How to Buy Crypto in Australia
- Compare Exchanges: Use resources like CryptoCompare to evaluate options.
- Sign Up: Complete KYC verification on your chosen platform.
- Deposit AUD: Use bank transfer, PayID, or card.
- Trade: Buy crypto via market or limit orders.
- Secure Storage: Transfer funds to a hardware wallet for safety.
FAQs
Which Australian exchange has the lowest fees?
Pionex (0.05%) and Bitget (0.04%) offer the most competitive rates.
Is crypto trading legal in Australia?
Yes, but you must report gains for tax purposes and use AUSTRAC-registered platforms.
What’s the safest exchange in Australia?
CoinSpot and Independent Reserve lead in security with robust compliance measures.
Best DEXs for Australians?
Uniswap and PancakeSwap are top decentralized options.
Beginner-friendly apps?
Swyftx and CoinSpot offer intuitive interfaces and educational tools.
Final Thoughts
Each exchange caters to different needs—Swyftx for beginners, Bybit for leverage, and Pionex for automated trading. Assess your priorities (fees, security, features) to pick the best fit.
For further reading, check out our guide on top crypto tools.