Best Crypto Exchanges in Australia

10 Best Crypto Exchanges in Australia 2023

This guide will explore the 10 best crypto exchanges in Australia for 2023. We’ve done all the research to make choosing the best crypto exchange for Australian investors to make it easier for you. We analyse each crypto exchange and compare their features, fees, and supported cryptocurrency.

The world of cryptocurrency has grown exponentially in recent years, and Australia is no exception. With more and more Aussies venturing into digital assets, finding the best crypto exchange has become essential for securing your assets and maximizing returns.

So, let’s dive into our guide on the best cryptocurrency exchanges Australian investors should consider in 2023 and try to help you determine which is the right crypto platform for you.

Top 10 Cryptocurrency Exchanges in Australia

Cryptocurrencies are becoming more popular, so more Australian investors are looking for ways to buy and sell crypto. Australian investors are advised to find a reputable trading platform when finding the best crypto exchange, but if you’re new, it can be difficult to choose between them.

However, there are several great crypto exchanges available to Australian investors. We’ll introduce you to some of the best crypto exchanges we have personally used. Plus, we will run you through some factors that make them part of our top picks. We’ll also discuss the pros and cons of each one so that you can decide which is the best crypto exchange for you.

Here is our list of the best crypto exchanges in Australia for 2023;

  1. Swyftx
  2. CoinSpot
  3. CoinJar
  4. Coinbase
  5. Binance Australia
  6. eToro
  7. OKX
  8. Crypto.com
  9. KuCoin
  10. Kraken

You can also check out our crypto exchange comparison table to compare exchanges and find one that fits your requirements.

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1. Swyftx

Best All-Rounder
Swyftx Crypto Exchange Swyftx Crypto Exchange
$20.00 Swyftx Sign-up Bonus

Swyftx is an AUSTRAC-registered crypto exchange that has quickly become a favourite among Australian crypto investors. It offers a wide range of over 300 cryptocurrencies, a user-friendly interface, and competitive 0.6% trading fees.

Catering to both beginners and seasoned traders, Swyftx provides an ideal starting point with its intuitive design and features, including its educational hub with crypto courses and quizzes to enhance users' skills and knowledge. Experienced traders can also benefit from the platform's diverse selection of assets, all while enjoying low trading fees.

The Swyftx mobile app ensures a seamless experience by offering all the desktop exchange features available for download from the App Store or Google Play.

  • User-Friendly Interface
  • High Level of Security
  • Educational Hub (Crypto Courses & Quizzes)
  • Australian Based Exchange
  • Limited International Availability
  • Limited Fiat Currency Support
  • High Fees
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Swyftx Features:

Swyftx also offers a demo mode that can be accessed with the click of a button, providing access to $10,000 of virtual funds to experiment with various strategies without any financial risk. The demo mode reflects real-time crypto prices, allowing traders to gain practical experience and valuable lessons.

If any issues arise, Swyftx offers 24/7 Live Chat support, where users can receive quick and helpful assistance from the knowledgeable and responsive support team. The prompt response times are especially useful for beginners who require guidance. Whenever we tested the Live Chat functionality, we were greeted by a support staff member within a couple of minutes.

Swyftx Crypto Exchange Australia
Trustpilot RatingExcellent 4.7/5
LocationBrisbane, Queensland
Supported Cryptos320+
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Swyfx Referral BonusGet a $20 Sign-up Bonus

2. Coinspot

Beginner Friendly
CoinSpot Crypto Exchange CoinSpot Crypto Exchange

Since its inception in 2013, CoinSpot has gained significant popularity in the Australian cryptocurrency market, amassing over 2.5 million users. As the most extensively audited exchange in Australia, CoinSpot boasts an ISO 27001 certification, reinforcing its position as the country's most secure and reliable platform. This level of security allows users to trade on CoinSpot with confidence.

The user-friendly interface and extensive array of more than 370 cryptocurrencies make CoinSpot a favourite among both seasoned traders and newcomers to the crypto. CoinSpot accommodates an extensive array of payment options, enabling users to deposit Australian Dollars (AUD) using bank, debit/credit card, BPAY, PayID etc. Besides buying and selling digital assets, users can also earn interest on 21 different crypto tokens.

  • Beginner Friendly
  • Zero-Fees for Deposits/Withdrawals
  • NFT Market Place
  • Australian Based Exchange
  • Limited Advanced Trading Options
  • High Instant-Buy Fees
  • Derivatives, Borrowing & Lending Not Available
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Coinspot Features

CoinSpot offers round-the-clock live chat support, ensuring users receive prompt assistance with any challenges they face, which is particularly beneficial for those new to the cryptocurrency realm.

Recently, CoinSpot introduced an NFT marketplace, allowing users to buy and sell NFTs using their preferred cryptocurrency. This eliminates the need to depend on external platforms like OpenSea or connect an additional wallet for purchasing digital art. On CoinSpot’s user-friendly platform, users can effortlessly discover and acquire NFTs without incurring unnecessary time delays and fees for currency conversions.

Coinspot Best Australian Crypto Exchange
Trustpilot RatingExcellent 4.4/5
LocationBerwick, Victoria, Australia
Supported Cryptos370
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
CoinSpot Referral BonusSign-up to CoinSpot

3. CoinJar

Beginner Friendly
CoinJar CoinJar

For cryptocurrency investors in Australia, CoinJar presents itself as an exceptional platform. One notable advantage of CoinJar is its ability to eliminate currency exchange fees usually incurred when converting AUD to another currency, saving you money and streamlining the process.

Furthermore, CoinJar makes it simple to integrate crypto into your daily life. The CoinJar Swipe debit card allows you to complete transactions at any merchant accepting EFTPOS payments. You can use your cryptocurrency for everyday purchases, such as groceries, fuel, or even your morning coffee, just as you would with a standard debit card.

CoinJar also supports a wide array of deposit payment options, including cash payments, providing the flexibility to fund your account using your preferred method. By offering these features, CoinJar delivers a user-friendly and accessible platform for Australians keen on utilizing and spending cryptocurrency.

  • User-Friendly Interface
  • Zero-Fee for Deposits/Withdrawals
  • Crypto Visa Debit Card
  • Limited Advanced Trading Features
  • High Instant-Buy Fees
  • Card Rewards Been Downgraded
We earn a commission if you make a purchase, at no additional cost to you.

CoinJar Features

For Australian cryptocurrency investors, CoinJar presents itself as an exceptional platform. One notable advantage of CoinJar is its ability to eliminate currency exchange fees usually incurred when converting AUD to another currency, saving you money and streamlining the process.

CoinJar makes it simple to integrate crypto into your daily life. The CoinJar Swipe debit card allows you to complete transactions at any merchant accepting EFTPOS payments. This means you can use your cryptocurrency for everyday purchases, such as groceries, fuel, or even your morning coffee, just as you would with a standard debit card.

CoinJar also supports a wide array of deposit payment options, including cash payments, providing the flexibility to fund your account using your preferred method. By offering these features, CoinJar delivers a user-friendly and accessible platform for Australians keen on utilizing and spending cryptocurrency.

CoinJar Best Australian Crypto Exchange
Trustpilot RatingExcellent 4.1/5
Exchange LocationMelbourne, Victoria
Supported Cryptos50+
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeNo
CoinJar Referral BonusSign-up to CoinJar

4. Coinbase

Learn and Earn About Crypto
Coinbase Coinbase

Coinbase, founded in 2012, has established itself as a cornerstone in the cryptocurrency market, serving over 110 million users globally. It offers a rich portfolio of over 200 digital currencies, catering to a diverse audience of traders and investors. The platform is renowned for its intuitive design, making trading accessible for novices and experienced users.

Security is a paramount concern in the digital asset space, and Coinbase has earned its reputation for implementing stringent security protocols to safeguard users' assets and personal information. The availability of 24/7 customer support ensures that users’ queries and concerns are addressed promptly, enhancing the overall user experience.

In Australia, Coinbase has tailored its offerings to meet the local market's specific needs and regulatory requirements. It is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), underscoring its commitment to adhering to legal and regulatory standards. This registration instils confidence among Australian users, offering them a secure and compliant platform for their crypto trading activities.

The platform’s origin, rooted in the belief of making Bitcoin accessible to anyone, anywhere, reflects its ongoing commitment to breaking down barriers in the crypto economy. For Australian users, this means a reliable, secure, and educational-rich platform that aligns with the legal landscape, ensuring a balanced blend of innovation, security, and compliance.

  • Diverse Range of Cryptocurrency's
  • Beginner & User Friendly
  • Great Educational Resources
  • Limited Advanced Trading Features
  • High Fees
  • Borrowing & Lending Not Available in AU.
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Coinbase Features:

Coinbase Australia offers a variety of features, including the ability to trade over 80 cryptocurrencies, staking options, and a user-friendly interface. Users can spend crypto with the Coinbase Crypto Card and store assets securely in the Coinbase Wallet.

The platform also features educational content, a professional trading platform via Coinbase Prime, and 24/7 customer support. Although it provides multiple AUD deposit methods, users should be aware of the trading fees. Coinbase is registered with AUSTRAC, ensuring compliance with Australian regulatory standards.

What is Coinbase
Trustpilot RatingPoor 1.5/5
Exchange LocationSan Francisco, US
Supported Cryptos250+
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Binance Referral BonusSign up to Coinbase

5. Binance Australia

Largest Crypto Exchange
Binance Australia Binance Australia
up to $600 Sign-up Bonus

Binance is a global leader in the cryptocurrency exchange industry and has a significant share of the trading volume. For Australian crypto investors, Binance Australia is a great option, particularly for altcoin trading. Binance consistently ranks as one of the top cryptocurrency exchanges in terms of traffic, liquidity, and trading volumes.

Binance Australia provides hundreds of trading pairs, as well as fiat-to-crypto pairs. Additionally, Binance Australia allows users to buy crypto with fiat currency using third-party payment providers, bank transfers, or credit and debit cards.

One of the major advantages of Binance is its low trading fees, starting at 0.1%. These fees can decrease further depending on trading volumes by using the exchange's native BNB coin.

  • Low Trading Fees
  • Free AUD Deposits & Withdrawals
  • Lots of Supported Cryptos
  • Unknown Registered Global HQ
  • Complex for Beginners
  • Poor Trustpilot Rating
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Binance Features:

Binance Australia boasts over 350 cryptocurrencies. It’s a platform where innovation and variety converge, offering futures trading that allows enthusiasts to speculate on the dynamic price movements of digital assets. The staking feature is another highlight, enabling investors to earn rewards and contribute to the fortification of blockchain networks.

The introduction of an NFT marketplace underscores Binance Australia’s commitment to staying abreast of trends, offering a curated space for acquiring, selling, and trading non-fungible tokens. Accessibility and convenience are at the forefront, with a user-friendly mobile app available for both iOS and Android users, ensuring that trading on the move is seamless and intuitive.

Binance Australia’s prominence on the global stage is marked by its deep liquidity, a testament to its stature as the world’s largest crypto exchange by trading volume. This ensures that traders experience minimal slippage and optimal execution of trades. Retail users are not left behind; the platform demystifies options trading, offering tools and features that balance profit maximization with risk mitigation.

Binance Exchange Tutorial
For more information, check out our Binance Exchange Review.
Trustpilot RatingPoor 2.1/5
Exchange LocationTBC
Supported Cryptos353
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Binance Referral BonusUp to $600 Bonus & 20% off fees

6. eToro

eToro is a global social investing and multi-asset brokerage company that has been making waves in the online trading landscape since its inception in 2007. With a user-centric approach, eToro has democratized trading, making it accessible to both novices and seasoned investors alike. It offers a platform where users can trade a variety of assets, including stocks, currencies, commodities, cryptoassets, and ETFs, with ease and confidence.

In Australia, eToro operates under the regulation of the Australian Securities and Investments Commission (ASIC), ensuring a secure and compliant trading environment. The platform’s intuitive design, coupled with a wealth of educational resources, makes it a preferred choice for Australian investors looking to navigate the complex world of online trading. eToro’s commitment to security is underscored by robust encryption and firewall protocols, ensuring that users’ data and assets are safeguarded.

eToro Features:

  1. Diverse Trading Options: eToro caters to both day traders and long-term investors, offering a platform to trade various assets, including stocks, crypto assets, and ETFs across 16 global exchanges.
  2. CopyTrader System: One of eToro’s standout features is the CopyTrader system, allowing users to automatically replicate the trades of successful investors on the platform, making it a valuable tool for beginners.
  3. Zero Commissions: Australian users can enjoy 0% commissions on stocks, with no markups, ticketing fees, or stamp duty, making trading cost-effective.
  4. User-Friendly Interface: The platform is designed with user experience in mind, featuring an intuitive interface that allows easy monitoring of portfolios, discovery of new markets, and insights into the activities of top investors.
  5. Educational Resources: eToro’s Trading Academy offers many resources, including webinars and podcasts, to educate new traders on market basics and advanced trading strategies.
  6. Social Investing Platform: eToro fosters a community of investors, with top traders sharing insights and strategies, enhancing all users’ learning and trading experience.
  7. Cryptoassets Trading: Australian users have access to a variety of cryptocurrencies, with eToro simplifying the payment process by accepting credit cards and PayPal.
  8. Security and Regulation: eToro is regulated by ASIC in Australia, ensuring adherence to strict regulatory standards. The platform employs advanced security protocols to protect users’ data and assets.
what is etoro trading platform
Trustpilot RatingExcellent 4.4/5
Exchange LocationIsrael
Supported Cryptos30
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Referral BonusSign up to eToro

7. OKX

OKX, formerly known as OKEx, is a renowned cryptocurrency exchange that has made significant strides in the global digital asset space. Established in 2014, it has been committed to providing innovative cryptocurrency trading services, including spot, futures, and options trading. With a focus on the advancement of DeFi and Web 3.0, OKX has positioned itself as a leader in the crypto ecosystem.

OKX presents a viable platform for Australian crypto investors, offering a blend of security, diversity, and innovation. It adheres to regulatory standards, ensuring a safe and compliant environment for trading. The exchange’s global presence translates to enhanced liquidity and a variety of trading options, making it a preferred choice for Australians looking to diversify their crypto portfolios and access advanced trading tools.

What is OKX?

OKX Features:

  1. Variety of Cryptocurrencies: OKX offers a wide range of digital assets for trading, ensuring investors have multiple options to diversify their portfolios.
  2. Futures Trading: Traders can speculate on the future price movements of cryptocurrencies, offering opportunities for profit maximization.
  3. Staking: Investors have the option to stake their cryptocurrencies, earning rewards while supporting blockchain networks.
  4. NFT Marketplace: A dedicated space for the buying, selling, and trading of non-fungible tokens, catering to the growing interest in NFTs.
  5. Mobile App: With apps available for both iOS and Android, OKX ensures that users can trade on the go, access their accounts, and monitor market trends in real time.
  6. Deep Liquidity: Being a globally recognized exchange, OKX offers deep liquidity, ensuring efficient and smooth transactions for users.
  7. Security: OKX prioritizes the security of its users’ assets and data, implementing robust security protocols to mitigate risks.
  8. Compliance: The exchange adheres to regulatory standards, ensuring a safe and compliant trading environment for Australian investors.
Trustpilot RatingPoor 2.7
Exchange LocationSeychelles
Supported Cryptos250
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Referral Bonus10k Mystery Box & BTC Bonus

8. Crypto.com

Crypto.com is a renowned cryptocurrency platform, established with the vision of promoting the widespread adoption of cryptocurrencies. Founded in 2016, it has rapidly evolved to serve over 10 million users globally, offering a suite of impressive features designed to bridge the gap between traditional financial and cryptocurrency ecosystems.

For Australian investors, Crypto.com presents a blend of security, diversity, and innovation. It’s a platform that is not only user-friendly but is also fortified with robust security protocols, ensuring that users’ assets and data are well-protected. The platform is known for its strict adherence to regulatory standards, offering Australian users a safe, compliant, and innovative environment for cryptocurrency trading.

Crypto.com Features
For more information, check out our Crypto.com Review.

Crypto.com Features:

  1. Wide Range of Cryptocurrencies: Crypto.com supports a vast array of cryptocurrencies, offering Australian users a diverse portfolio for trading.
  2. Crypto.com Visa Card: Users can enjoy up to 5% back on all spending with the Crypto.com Visa Card, with no annual fees and the option to add funds via fiat or crypto.
  3. Crypto Earn: Australian users can maximize their asset growth by earning interest on their crypto holdings, choosing from over 21 cryptocurrencies, including Bitcoin and stablecoins.
  4. DeFi Made Simple: Crypto.com DeFi Wallet gives users control over their keys and crypto. It offers DeFi Earn for stable returns without lock-up periods and DeFi Swap for swapping DeFi coins and earning Triple Yield.
  5. Recurring Buy: Users can automate their cryptocurrency purchases with daily, weekly, or monthly trades, simplifying the investment process.
  6. Price Alerts: Stay updated with real-time price alerts for BTC, ETH, XRP, and more, ensuring timely and informed trading decisions.
  7. Security and Compliance: Crypto.com is known for its comprehensive insurance coverage, verified proof of reserves, and adherence to regulatory compliance, ensuring a secure trading environment.
Trustpilot RatingPoor 1.8/5
Exchange LocationSingapore
Supported Cryptos247
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeNo
Referral BonusUp to $50 Sign-up Bonus
Crypto.com Referral Code

9. KuCoin

KuCoin is a globally recognized cryptocurrency exchange, established in 2017, that has quickly risen to prominence in the competitive crypto trading landscape. With a mission to provide users with a secure and efficient platform for cryptocurrency trading, KuCoin has amassed millions of users worldwide.

For Australian crypto enthusiasts, KuCoin emerges as a viable option due to its extensive range of supported cryptocurrencies, user-friendly interface, and robust security protocols. The exchange is known for its innovative approach to trading, offering a suite of advanced tools and features that cater to both novice and experienced traders alike.

KuCoin’s commitment to security and transparency is underscored by its implementation of Proof of Reserves (PoR), ensuring that the exchange possesses the assets to cover all user holdings.

KuCoin Exchange

Kucoin Features:

  1. Extensive Cryptocurrency Selection: KuCoin supports over 700 cryptocurrencies, offering Australian traders a diverse range of options for building and diversifying their portfolios.
  2. Spot Trading: Users can engage in spot trading with a comprehensive set of powerful tools designed to maximize profits.
  3. Crypto Derivatives: KuCoin is recognized for offering one of the best platforms for trading crypto futures, allowing users to speculate on the future price movements of cryptocurrencies.
  4. Trading Bot: The exchange offers a trading bot feature, enabling users to earn passive income without constantly monitoring the markets.
  5. Leveraged Tokens: KuCoin users can amplify their investment returns by buying and selling leveraged tokens.
  6. Security: The exchange employs industry-leading encryption and storage systems to ensure the utmost security of users’ assets and data.
  7. 24/7 Customer Service: KuCoin provides round-the-clock customer support, promptly addressing users’ queries and issues.
  8. Global Community: The exchange boasts a global community, offering support in over 20 languages and fostering a space where users can share insights and strategies.
Trustpilot RatingBad 1.5/5
Exchange LocationSeychelles
Supported Cryptos716
Fiat MarketsNo
Maker & Taker Fees0.08%/0.1%
Withdrawal FeeNo
Referral BonusCheck out Kucoin Referral Offer
KuCoin Sign-up bonus

10. Kraken

Kraken is a globally renowned cryptocurrency exchange established in 2011 with a reputation for security, integrity, and performance. It has carved a niche in the crypto space by offering a comprehensive platform for trading a wide variety of cryptocurrencies in a secure environment. Kraken is known for its advanced security features, transparent fee structure, and user-friendly interface.

However, it’s essential for Australian investors to be aware of recent developments. In 2023, the Australian Securities and Investments Commission (ASIC) alleged that Kraken failed to provide adequate information to its local customers regarding margin trading products, leading to significant losses. This development underscores the importance of understanding each platform’s regulatory and legal landscape.

What is Kraken Exchange

Kraken Features:

Despite the recent allegations, Kraken offers a range of features that may still appeal to some Australian crypto investors:

  1. Wide Range of Cryptocurrencies: Kraken supports a variety of cryptocurrencies, offering options for both mainstream and altcoin trading.
  2. Advanced Trading Options: The platform provides advanced trading features, including futures and margin trading, though it’s crucial to understand the associated risks and regulations.
  3. Security Protocols: Kraken is known for its robust security measures, including cold storage wallets, encryption, and two-factor authentication.
  4. User-Friendly Interface: The platform is designed for usability, offering an intuitive interface for both novice and experienced traders.
  5. Educational Resources: Kraken provides a wealth of educational content to help users understand the complex world of cryptocurrency trading.
  6. Customer Support: The exchange offers comprehensive customer support to assist users with their queries and issues.
  7. Liquidity: Kraken is known for providing high liquidity, ensuring smooth and efficient trading experiences for its users.
CoinGeko Trustpilot RatingPoor. 2.6/5
Exchange LocationSan Francisco, USA
Supported Cryptos214
Fiat MarketsYes
Maker & Taker FeesCharges Spread
Withdrawal FeeYes
Referral BonusSign-up for Kraken Exchange

How do I Choose a Crypto Exchange in Australia?

When choosing a crypto exchange, it’s important to take time to research and compare different exchanges, read user reviews, and choose a platform that best aligns with your trading goals and preferences.

To choose a crypto exchange in Australia, consider the following factors:

  1. Fees: Compare trading, deposit, and withdrawal fees across different platforms.
  2. Security: Ensure the exchange follows best practices for safeguarding user assets and personal information.
  3. Supported Cryptocurrencies: Verify the exchange supports the digital assets you’re interested in trading.
  4. User Interface & Experience: Assess the platform’s ease of use and overall trading experience.
  5. Customer Support: Research the quality and availability of customer service. Check the Trustpilot rating and read the reviews.
  6. Additional Features: Look for unique features that cater to your needs, such as margin trading, staking, or NFT support.

Conclusion: Best Crypto Exchange for Australian Investors

The Australian cryptocurrency exchange landscape is rich and diverse, offering a wide range of platforms to cater to various investor needs and preferences. From beginner-friendly exchanges like CoinSpot and Coinbase to advanced trading platforms like Binance and Bybit, there’s something for everyone.

As you explore the world of crypto investing in 2023, remember that the best exchange for you depends on your individual goals, expertise, and requirements. By choosing the platform that aligns with your needs, you’ll be well-equipped to make the most of the exciting opportunities the cryptocurrency world offers.

If we have missed one of your favourite crypto exchanges available to Australian investors, let us know in the comments below.


Is Bitcoin legal in Australia?

Yes, Bitcoin is legal in Australia. Bitcoin and other cryptocurrencies were declared legal 2017 by Australia’s central bank, the Reserve Bank of Australia. However, it is important to note that Bitcoin is not currently considered legal tender in Australia.

Do you pay tax on Bitcoin in Australia?

Yes, you must pay tax on Bitcoin and other cryptocurrencies in Australia. The Australian Taxation Office (ATO) treats cryptocurrencies as a form of property for tax purposes. If you hold cryptocurrency as an investment, you must pay capital gains tax (CGT) on any profits you make when you sell or trade it.

Which crypto platform is best in Australia?

The best crypto platform in Australia depends on your individual needs and preferences. However, Binance is often regarded as the best overall exchange due to its extensive features and large trading volume. Other popular options include Coinbase for beginners, OKX, and Australian-based Swyftx.

What is the best low-fee crypto exchange in Australia?

Binance trading fees start from 0.02%, which makes them one of the cheapest crypto exchanges. If you want an Australian-based crypto exchange with low fees, Swyftx is known for offering competitive trading fees at only 0.6% per trade.

What is the most reputable crypto exchange?

Coinbase is often considered one of Australia’s most reputable crypto exchanges, boasting the largest trading volume and a wide range of features. However, other exchanges like Binance, Kraken, and eToro are also highly respected. Considering factors such as security, user experience, and customer support is crucial when evaluating an exchange’s reputation.

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