11 best crypto exchanges in Australia

Find the best crypto trading platform or app for low fees, beginners, trading features and more.

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Each year, we conduct a thorough evaluation of cryptocurrency exchanges and trading platforms available in Australia to help you find the right one for your needs.

Our selection process involves comparing more than 30 exchanges based on a variety of factors including user experience, fees, payment methods and range of coins and tokens.

When selecting a crypto exchange, think about what you plan on using it for first. It's common to use multiple exchanges to benefit from their different specialty areas such as using one for its range of coins and another for access to NFTs. Take a look at our "best for" selection below for a helpful head start.

Best crypto exchanges in Australia for 2023

  • CoinSpot – Best exchange for beginners and value
  • Swyftx – Most recommended platform
  • Coinstash – Best exchange for altcoins
  • Binance – Best crypto exchange for advanced trading
  • Bybit – Best crypto app
  • Coinbase – Best learn and earn program
  • eToro – Best platform for copy trading
  • Kraken – Best exchange for USD trading
  • Crypto.com – Best exchange for earning yield
  • KuCoin – Best exchange for emerging altcoins
  • Cointree – Best for crypto SMSFs

1. CoinSpot: Best exchange beginners and value

CoinSpot

★★★★★
Finder rating
389
Supported cryptos
1
Fiat currency
Get $20 in BTC when you make a deposit. T&Cs apply.

CoinSpot is one of Australia's longest-running exchanges and has over 2.5 million registered users. It's an excellent choice for beginner investors looking to dip their toes into the world of cryptocurrencies. CoinSpot won the 2023 Finder Awards for Best for Beginners and Best Value.

This Australia-based exchange has a user-friendly interface, making it easy for newcomers to navigate the platform and start trading over 380 cryptocurrencies.

One of the stand-out features of CoinSpot is its fast and straightforward purchasing process, which earned CoinSpot another Finder Award for Instant Purchases. The platform supports various payment options for AUD, including POLi payments, BPAY, and PayID, making it easy for investors to purchase cryptocurrencies quickly and efficiently.

In addition to speedy purchases, CoinSpot offers great value fees at just 0.1% for market and OTC trades. Instant buys, sells and swaps incur a 1% charge. CoinSpot markets interface

Pros
  • Easy to navigate UI, with prices displayed in AUD
  • AUD payment methods include POLi, PayID, BPAY and cash deposits
  • Buy crypto bundles – a group of projects in a specific niche
  • Inbuilt NFT marketplace
  • Holds ISO 27001 security certificate and completed a successful External Statutory Financial Audit
Cons
  • Advanced trading features are not as comprehensive as some competitor exchanges
  • Crypto borrowing and lending aren't available
  • Instant swap fees of 1% can be costly for large orders
Fees and deposit Methods Bank transfer,BPAY,Cash,Credit card,Cryptocurrency,Debit card,POLi,PayID
Deposit Fees Bank transfer, POLi, PayID: None
BPAY: 0.9%
Cash: 2.5%
Card: 2.58%
Withdrawal Fees AUD withdrawals: $0
Trading Fees Instant buy, sell & swap: 1%
Limit orders: 1%
Market order: 0.1%
Recurring Buy: 1%
OTC: 0.1%

2. Swyftx: Most recommended platform

Swyftx

★★★★★
Finder rating
335
Supported cryptos
2
Fiat currencies
Get $20 in BTC when you verify your account. T&Cs apply.

Swyftx is an Australia-based crypto exchange that features more than 310 assets and boasts over 600,000 users. In Finder's 2023 customer satisfaction awards it was the most recommended brand, with 90% of users saying they would recommend the platform.

With thousands of 5-star reviews on Trustpilot and a local Australian customer support team it's no surprise Aussies rated the brand so highly.

The platform has an easy-to-navigate and beginner-friendly UI and features an education hub where you can take crypto courses to learn new skills and test your knowledge with quizzes.

The Swyftx mobile app offers a comprehensive user experience with all the same features supported on the desktop exchange. It is available for download via the App Store or Google Play.

Swyftx is AUSTRAC-registered, independently audited and holds all customer balances on a 1:1 basis. Once you've signed up and completed the KYC verification process, you're ready to start trading. Swyftx markets interface

Pros
  • Simplified dashboard – quickly view your assets and their performance
  • 310+ cryptos available to buy, sell and trade
  • Demo account available – test set-ups and strategies on the go
  • Thousands of 5-star reviews on Trustpilot
  • Australia-based customer support
Cons
  • Mobile charting is less comprehensive than some competitor apps
  • Limited range of order types
  • Beginner-oriented UX – advanced traders may prefer a tier-1 global exchange
Fees and deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,POLi,Osko,PayID
Deposit Fees AUD: None
Cryptocurrency: None
Withdrawal Fees AUD: None
Cryptocurrency: None (network fees apply)
Trading Fees 0.6%

3. Coinstash: Best exchange for altcoins

Coinstash

★★★★★
Finder rating
948
Supported cryptos
1
Fiat currency
Get up to $200 BTC by completing tasks within 30 days of signing up. T&Cs apply

Coinstash offers a more extensive range of cryptos than any other Australia-based exchange. With over 1,000 coins and tokens available to trade, it's the 2023 winner of the Finder Award for Altcoin Trading.

Cryptos are available for purchase via the platform's DeFi Connector, which allows traders to buy and sell popular high-cap cryptos and lesser-known altcoins. This feature saw Coinstash qualify as a finalist in the 2022 Finder Innovation Awards.

Coinstash and its DeFi Connector use decentralised finance aggregators to source cryptos with the lowest prices and gas fees available at the time of purchase. Once you've confirmed a purchase order, your Australian dollars are instantly converted and the cryptos are deposited into your Coinstash wallet.

Trading through the DeFi Connector means you don't have to interact directly on-chain or worry about smart contracts or non-custodial wallets. You can purchase altcoins that are often unavailable through other exchanges.

Coinstash is integrated with 6 blockchains including Ethereum, BNB Chain, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks. Coinstash markets interface

Pros
  • 1,000+ cryptos available
  • DeFi Connector – purchase on-chain cryptos with AUD
  • Advanced order types and charting tools
  • Offers thematic bundles of cryptos for simplified investing
  • Secured by Fireblocks
Cons
  • Must complete KYC to trade on Coinstash, unlike true DeFi exchanges
  • No USD or stablecoin spot market
  • Some coins and tokens available on DeFi platforms may have higher risk & volatility
Fees and deposit Methods Bank transfer,Cryptocurrency,PayID
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
AUD: None
Trading Fees 0.85% for all coins

4. Binance: Best crypto exchange for advanced trading

Binance Australia

★★★★★
Finder rating
356
Supported cryptos
70
Fiat currencies
Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

With low spot market fees, a feature-rich trading platform and a vast selection of cryptocurrencies and trading pairs, Binance is the 2023 Finder Award winner for the Best Exchange for Advanced Trading in Australia.

You can customise your trading interface with multiple charts, indicators and data feeds. There is a desktop app available for Windows and Mac which offers greater customisation and immersion.

Approved users can trade with 3x cross margin or 10x isolated margin on select currencies.

There are also trading bots with preset strategies for grid trading, rebalancing, dollar-cost averaging and TWAP.

Binance users can benefit from using BNB to pay for trading fees, which results in a 25% discount on spot trades.

Boasting around 30 million registered users and more trading volume than any competitor, Binance is the world's largest exchange. Binance Australia markets interface

Pros
  • Low spot market fees
  • Huge range of supported cryptocurrencies
  • Comprehensive earning features
  • SAFU insurance fund
  • Smartphone app offers Lite mode for beginners
  • Zero-fee Bitcoin spot trading for select pairs
Cons
  • Website can be overwhelming for beginners
  • Poor customer service score on Trustpilot
  • Ongoing regulatory issues in the US, the UK and Japan
  • Target of an on-going civil enforcement action by the US CTFC
Fees and deposit Methods Credit card,Cryptocurrency,Debit card,Apple Pay,Google Pay
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.1%
Taker: 0.1%

5. Bybit: Best crypto app

Bybit

★★★★★
Finder rating
376
Supported cryptos
73
Fiat currencies

Bybit is a cryptocurrency exchange founded in 2018 and headquartered in Singapore. It's best known for its expansive range of features, in-depth trading experience and a best-in-class mobile app for trading on the go.

The Bybit app features a user-friendly interface that makes navigating and placing trades simple. It includes advanced trading tools such as real-time charts, order book depth and price alerts to help you make informed decisions and stay updated with market trends.

Bybit's uses industry-standard security measures to protect user data and funds. It has 2-factor authentication (2FA) and biometric authentication (fingerprint and face recognition).

The mobile app is available for download via the Apple store and Google Play and supports multiple languages including English, Chinese, Japanese, Korean and Spanish. Bybit markets interface

Pros
  • Bybit's platform is easy to navigate even for new users
  • Advanced trading tools such as real-time charts, order book depth and price alerts
  • Bybit markets typically have deep liquidity
  • Fully functional mobile app makes trading on the go easy
  • Advanced security measures include multi-signature wallets, cold storage and 2FA
Cons
  • Not registered with AUSTRAC
  • Not all features are available to Australian users
  • Foreign exchange fees for AUD deposits
Fees and deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,P2P
Deposit Fees Fees vary
Withdrawal Fees Fees vary
Trading Fees Fees vary

6. Coinbase: Best learn and earn program

Coinbase Australia

★★★★★
Finder rating
257
Supported cryptos
23
Fiat currencies

Launched in 2012, Coinbase is one of the longest-running and most reputable crypto exchanges. It has over 110 million verified users and over 200 coins and tokens listed, including most major trading pairs.

Coinbase emphasises its goal to help bring Web3 to the masses and educate and onboard beginners. As part of this, the platform offers a learn-to-earn hub, which we've recognised as the best in its class.

Coinbase Learn is easy to use and provides a gamified experience, which makes it engaging and accessible for users of all levels.

After signing up and verifying your Coinbase account, you can start trading, earning and learning. The platform is easy to use and markets typically offer deep liquidity.

Coinbase also has 24/7 customer support and a robust security system, protecting users' funds and personal information. Coinbase Australia markets interface

Pros
  • Simple sign-up process
  • Beginner or advanced trading options
  • Incentivised learn-to-earn feature
  • Includes trade, earn and NFT platforms
  • Hundreds of markets and several trading pairs, including USDC, BTC and ETH
Cons
  • Derivatives trading is not supported in Australia
  • Advanced trading features are not as comprehensive as some competitor exchanges
  • Crypto borrowing and lending are not available in Australia
Fees and deposit Methods Bank transfer,Credit card,Debit card,PayID
Deposit Fees AUD: Free using bank transfer or PayID
Cryptocurrency: Free
Withdrawal Fees AUD: Free
Cryptocurrency: Fees vary
Trading Fees N/A

7. eToro: Best platform for copy trading

eToro Crypto

★★★★★
Finder rating
78
Supported cryptos
19
Fiat currencies
Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.

eToro pioneered the concept of copy trading back in 2010. Since then, the platform has expanded to include various social features, with a Facebook-style newsfeed that lets you engage directly with other traders.

eToro's copy trading feature allows you to view and mirror trades made by experienced investors. Getting started is easy – simply choose a trader you want to copy and then set your account to follow their trading set-ups.

With a minimum of US$200, you can automatically repeat trades from some of eToro's top-performing crypto traders. There is no additional fee charged for this service.

Beyond copy trading, eToro provides a comprehensive social experience, making it just as much a social media platform as a broker. Traders can discuss strategies, speculate on prices and share important news. eToro Crypto markets interface

Pros
  • Supports copy trading for crypto and stocks
  • Pioneers of copy trading
  • Strong community and social focus
  • Offers an insurance fund
Cons
  • Picking the right trader to copy can be difficult
  • Foreign exchange fees for AUD deposits
  • Limited range of cryptocurrencies
  • Fees and spreads can be higher than on crypto exchanges
Fees and deposit Methods Bank transfer,Credit card,Debit card,Neteller,PayPal,Skrill,eToro Money
Deposit Fees Fees vary (conversion fees for non-USD deposits)
(US$50 minimum deposit)
Withdrawal Fees US$5 (minimum withdrawal of US$30)
Trading Fees 1% fee for buying or selling cryptoassets. Overnight and weekend fees apply

8. Kraken: Best exchange for USD trading

Kraken

★★★★★
Finder rating
223
Supported cryptos
8
Fiat currencies
Get discounted trades on BTC/AUD and ETH/AUD pairs on Kraken Pro until 30 June 2023. T&Cs apply.

With over 185 trading pairs, Kraken is widely regarded as one of the best exchanges for USD trading. The platform features a professional trading interface, an NFT marketplace and an education hub.

Kraken regularly exceeds a daily trading volume of US$500 million and is renowned for its deep liquidity across high market cap trading pairs. Traders utilising Kraken Pro can take advantage of various order types such as stop-loss, market and limit orders with inbuilt TradingView charts.

Trading fees work on a volume system, meaning users trading in high volumes are rewarded with fee discounts, which go as low as zero for maker orders and 0.1% for taker orders. Kraken markets interface

Pros
  • Advanced order types
  • Customisable charting features
  • Wide range of fiat currencies and forex trading
  • Founded in 2011, one of the longest-running crypto exchanges
  • Over 185 USD trading pairs
Cons
  • No derivatives for Australians
  • Fewer assets than some competitors
  • Fined $30 million by the SEC in February 2023
Fees and deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,Apple Pay,Google Pay,SWIFT
Deposit Fees Bank transfer, PayID or OSKO: Free
Crypto: Free
Credit and debit card: Fees vary
Apple Pay or Google Pay: Fees vary
Withdrawal Fees AUD: Free
Cryptocurrency: Network fees apply
Trading Fees Maker: 0.20%-0.26%
Taker: 0.16%-0.20%

9. Crypto.com: Best exchange for earning yield

Crypto.com App

★★★★★
Finder rating
272
Supported cryptos
31
Fiat currencies

Crypto.com is Finder's top exchange for investors looking to put their crypto to work and earn passive income through the platform's Earn account, which pays yield on your holdings.

To start buying, selling and earning yield on Crypto.com, you can download the app, complete the verification process and link a credit card or bank account. The exchange also supports TAUD, a stablecoin based on the Australian dollar.

The website version of the exchange offers a spot market that allows you to set your own prices when buying or selling cryptocurrency. This is useful for anyone interested in trading crypto regularly.

Crypto.com's mobile-first approach, app and earning opportunities make it an excellent choice for investors looking to earn yield on their cryptocurrency holdings. The online exchange provides more advanced trading options. Crypto.com App markets interface

Pros
  • Buy and sell 270+ cryptocurrencies
  • Supports recurring purchases for a dollar-cost averaging strategy
  • Earn passive income on your cryptocurrency
  • Choose between an app or desktop trading experience
Cons
  • App fees can be a bit higher than in competitors
  • Staking CRO is required for the highest-yield rewards
  • CRO benefits were significantly reduced in 2022
  • Poorly rated customer service on Trustpilot
  • Suffered a hack in 2022
Fees and deposit Methods Credit card,Cryptocurrency,Debit card,Apple Pay,Bank Transfer (PayID/Osko/BPAY),Google Pay
Deposit Fees AUD using bank transfer, Osko, PayID: Free
Cryptocurrency: Free
Withdrawal Fees Fees vary
Trading Fees Maker - 0-0.075%
Taker - 0.05-0.075%

10. KuCoin: Best exchange for emerging altcoins

KuCoin

★★★★★
Finder rating
744
Supported cryptos
50
Fiat currencies
Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.

KuCoin lists an impressive array of up-and-coming altcoins compared to other centralised crypto exchanges, which is why it's our winner for this category.

Usually, to buy trending altcoins, you must purchase them through a decentralised exchange (DEX) like Uniswap or PancakeSwap, which requires learning how to use a Web3 wallet and a blockchain.

With KuCoin, all you have to do is create your account and you'll have access to over 700 digital assets.

Many of these assets are brand new, untested and much riskier than coins like BTC and ETH, so tread carefully. KuCoin markets interface

Pros
  • Provides access to 700+ crypto assets
  • No Know Your Customer (KYC) process required to trade crypto-to-crypto
  • Offers altcoin staking
  • Relatively low trading fees
Cons
  • Not registered with AUSTRAC as a digital currency exchange
  • Numerous poor customer service reviews
  • Emerging assets can be higher-risk investments
Fees and deposit Methods Bank transfer,Credit card,Cryptocurrency,Debit card,PayPal,P2P
Deposit Fees None for cryptocurrency
Credit/debit card purchase fees vary
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.1%
Taker: 0.1%
Advanced Trading Features Yes

11. Cointree: Best for crypto self-managed super funds

Cointree

★★★★★
Finder rating
246
Supported cryptos
1
Fiat currency
Get $10 BTC when you make your first trade. T&Cs apply.

Cointree offers 7-day customer support, low trading fees and comprehensive tax tools, which is why it's our pick for the best exchange for self-managed super funds (SMSFs).

Cointree allows SMSF-eligible customers to add Bitcoin, Ethereum and other cryptocurrencies to their retirement portfolio. It supports over 280 assets on its platform with fees as low as 0.5%.

The process of opening and managing an SMSF can be complex and time-consuming. Cointree can assist with the process in several ways, including setting up a trust deed. The platform also provides digestible performance overviews to help review investment strategies. Users can compare their SMSF accounts to other top-performing investors and copy their portfolios.

The exchange is partnered with ExpertSuper and integrated with BGL Simple Fund 360 to meet your SMSF needs. It's always a good idea to consult a financial advisor before opening an SMSF. Cointree markets interface

Pros
  • 280+ cryptocurrencies available
  • Integration with SMSF experts
  • 7-day customer support
Cons
  • Comparatively high spot market fees
  • No debit or credit card purchases
  • No earn features
Fees and deposit Methods Cash,PayID,Online and mobile banking
Deposit Fees Fiat: None
Cryptocurrency: None
Withdrawal Fees Fiat: None
Cryptocurrency: Fees vary
Trading Fees 0.9%

Finder

12
Supported cryptos
1
Fiat currency

Finder's crypto exchange allows you to trade 12 popular digital assets including Bitcoin, Ethereum, Dogecoin and Solana. These are all available to purchase with Australian dollars (AUD) using PayID. Finder advertises no fee trading, but there is a variable spread charged on purchases.

The user interface is streamlined and simple to navigate, with line charts and historical price changes available from 24 hours to 1 year. All prices are shown in AUD, making it easy for Australian customers to calculate their digital asset holdings and monitor performance.

The platform may not be suitable for more experienced crypto investors as it lacks the comprehensive charting features or advanced order types offered by some exchanges. That said, if you're an Aussie looking to get started in crypto, Finder's exchange may be right for you. Setting up an account is easy and minimum trade values start at $5.

Disclaimer: Finder's digital asset trading is powered by Finder Wallet Pty Ltd (ABN 11 149 012 653), an AUSTRAC-registered digital currency exchange and reporting entity (DCE100735494-001). Finder Wallet is a subsidiary of the Finder Group specialising in blockchain technology. Finder markets interface

Pros
  • Trade from as low as $5
  • Instant account funding with PayID
  • Simple account sign-up and verification process
  • Bitcoin, Ethereum and 10+ popular cryptos to choose from
  • Easy-to-navigate UI with all prices displayed in AUD
Cons
  • Fewer cryptos available than most other exchanges
  • No advanced charting or order types
  • Crypto is held by Finder Wallet but can be withdrawn to a personal wallet upon request
Fees and deposit Methods PayID
Deposit Fees None
Withdrawal Fees None
Trading Fees None

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How to choose the best crypto exchange

It's important to research a wide range of platforms and compare the pros and cons of each option. The best crypto exchange for you depends on what you're looking for.

Consider the following factors when comparing crypto exchanges.

Using an AUSTRAC-registered exchange to buy cryptocurrency

There are plenty of places to buy crypto, including platforms founded here in Australia or based in locations all around the world. Exchanges headquartered locally are required to register with AUSTRAC and comply with requirements that don't apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.

Pros
  • Australia-based exchanges must comply with AUSTRAC's Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations.
  • You can usually buy crypto with Australian dollars.
  • Exchanges in Australia typically support local payment methods.
  • You may be able to access local customer support.
  • Subject to local laws.
Cons
  • You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously.
  • Overseas trading platforms may provide better liquidity.
  • AUD-to-crypto prices are sometimes slightly higher than USD-to-crypto prices, meaning you sometimes pay a premium for buying directly with Australian dollars.
  • Some features are simply not available on AUSTRAC-registered exchanges. For example, margin trading, DeFi features and some altcoins.

Compare cryptocurrency exchanges you can use in Australia

Use our table to compare crypto exchanges or platforms on fees, fiat currencies, deposit methods and more. Once you've found the right fit, select Go to site to get started.

1 - 10 of 24
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Finder Award
EXCLUSIVE
CoinSpot
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, POLi, PayID
AUD

389
cryptocurrencies

Get $20 in BTC when you make a deposit. T&Cs apply.
Best Rated Brand
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, POLi, Osko, PayID
AUD, NZD

335
cryptocurrencies

Get $20 in BTC when you verify your account. T&Cs apply.
OFFER
KuCoin
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

744
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
EXCLUSIVE
eToro Crypto
Bank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

78
cryptocurrencies

Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.
Disclaimer: Volatile investment product. You should consider whether you can afford to take the high risk of losing your money.
Finder Award
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH

356
cryptocurrencies

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
Finder Award
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, PayID
AUD

948
cryptocurrencies

Get up to $200 BTC by completing tasks within 30 days of signing up. T&Cs apply
Bybit
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

376
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, CAD, AUD, GBP, CHF, JPY

223
cryptocurrencies

Get discounted trades on BTC/AUD and ETH/AUD pairs on Kraken Pro until 30 June 2023. T&Cs apply.
EXCLUSIVE
Cointree
Cash, PayID, Online and mobile banking
AUD

246
cryptocurrencies

Get $10 BTC when you make your first trade. T&Cs apply.
Independent Reserve
Cryptocurrency, Osko, PayID, EFT, SWIFT
AUD, NZD, USD

30
cryptocurrencies

Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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1 - 2 of 2
Name Product Payment Methods Supported Fiat Currencies Cryptocurrencies Minimum Deposit
Vantage
Vantage
Credit/debit card, Bank Transfer, BPAY, PayID, POLi, Cryptocurrency
GBP, EUR, USD, AUD, JPY
ADA,BCH,BTC,DOGE,DOT,EOS,ETH,LNK,LTC,MATIC1,SOL,UNI,XLM,XRP,BAT,MIOTA,TRX,ZEC,ALGO,FIL,MKR,LUNA1,SHIB,AVAX,NEO
$50
CFD service. Your capital is at risk.
Go long or short on over 30 cryptocurrency CFDs which can be traded against USD, EUR, gold and crypto. Enjoy no overnight fees when you trade crypto.
Plus500 Cryptocurrency CFDs
Plus500 Cryptocurrency CFDs
Credit/debit card, Bank transfer, PayPal, Skrill
AUD, USD, GBP, EUR
BTC,ETH,ADA,LTC,XLM,EOS,NEO,IOTA,ETHBTC,Crypto10,BAB
$200
CFD service. Your capital is at risk.
Trade CFDs on top cryptos as well as Australian and international shares, indices, commodities and more.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How to use a cryptocurrency exchange

For the sake of our example, let's assume that you have AUD$500 that you want to use to buy Bitcoin.

  1. Compare cryptocurrency exchanges to find one that offers the right service for you.
  2. Register for an account on the platform, including providing any personal details and proof of ID required.
  3. Navigate your way to the "Buy" screen.
  4. Select Bitcoin as the cryptocurrency you want to buy.
  5. Select your payment currency, which in this case is AUD, and specify the amount you want to spend as $500.
  6. Select your payment method, such as a credit card payment or bank transfer.
  7. Enter your payment details, such as your account number and BSB if sending a bank transfer or your card number and CVV if paying by credit card.
  8. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
  9. If you're happy to proceed, click "Buy BTC".
  10. Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address nominated by you.

How to buy Bitcoin in Australia

Back to top

How to pay for your cryptocurrency

You'll need to deposit funds on your cryptocurrency exchange or otherwise make a transfer. Bitcoin exchanges accept all sorts of deposit methods, including the following:

  • Prepaid cards
  • Cryptocurrency transfers
  • PayID, Osko and other NPP payments
  • Wire transfers

The payment types accepted will vary between exchanges though, so it's worth checking to ensure your preferred payment method is supported before signing up.

Back to top

The different types of cryptocurrency exchanges

The term "exchange" can be used to refer to a variety of cryptocurrency brokers, trading platforms and other services. Different types of exchange are often more geared towards beginners or experienced users.

  • For beginners - cryptocurrency brokers. Buy directly from cryptocurrency dealers for simple, quick and easy purchases. Many beginners use brokers for their first purchase. CoinSpot is an example of a cryptocurrency broker.
  • For intermediates - cryptocurrency trading platforms. Buy and sell cryptocurrency on an open market for competitive fees, a wide selection of cryptocurrencies and optional extra features like margin trading. While a bit trickier than brokers, these platforms can still be quite beginner-friendly. Binance is an example of a cryptocurrency trading platform.
  • For advanced users - cryptocurrency derivatives platform. These trading platforms don't sell cryptocurrency outright. Instead, they let you trade cryptocurrency derivatives. They're for advanced traders who want high speed, high leverage, deeply liquid platforms with a full range of features.

It's difficult to find one exchange with all the coins and features you want. I spread my trading around several exchanges to make sure I'm getting exactly what I need, while also diversifying my risk should the exchange get hacked or shut down. To further reduce risk I use one registered locally so it's subject to local laws and regulations.

Risks of using a crypto exchange

  • Cybersecurity breaches. Hacks and scams are, unfortunately, commonplace in the crypto space. Exchange-related security breaches and targeted phishing scams remain a major concern for exchanges and their customers.
  • Not your keys. "Not your keys, not your crypto" is a common industry saying and refers to holding your digital assets in a wallet that another person or company controls, such as on an exchange. By storing cryptos on an exchange rather than in a non-custodial wallet, you're relinquishing full ownership of those assets and putting trust in a third party – which some may see as contradictory to the decentralised philosophy of crypto.
  • Lack of consumer protection. While crypto exchanges are increasingly regulated in Australia and may be registered with AUSTRAC, they are still lacking a lot of consumer protections such as mandatory insurance or strict rules about how user assets are managed.
  • Proof of reserves. Since the widely publicised collapse of FTX, many traders and investors have demanded centralised exchanges provide proof of reserves and user deposits. This may be done by a third-party auditor or through the use of on-chain data. Proof of reserves is still an evolving concept, and it's not clear yet what the best practices are or how reliable it will prove to be.
  • Transaction limits. Most crypto trading platforms have daily deposit and withdrawal limits. This means that even though you may have, for example, 10,000 AUD available, you may not be able to access and withdraw the total balance. Transaction limits depend on the exchange and AUSTRAC stipulations and typically increase as you provide additional KYC information.
  • Frozen accounts. Crypto exchanges freezing deposits and withdrawals can happen without warning. If your account is frozen, you will not be allowed to remove your funds until the exchange approves or denies your request. Precautionary measures such as only holding a trading balance on an exchange are recommended.
  • Asset delistings. Centralised exchanges can opt to delist a cryptocurrency at any time. This can happen for numerous reasons, including poor asset performance, security concerns or anti-money laundering (AML) breaches. If delisting is taking place, you will be notified by the exchange and forced to sell your assets or remove them from the platform.

Is it safe to store your cryptocurrency on an exchange?

Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet, which lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired, while others will require you to have your own wallet at the time of purchase.

However, using an exchange for long-term storage is not recommended. As the exchange controls the private key to your wallet, you don't have total control of your funds. And with exchanges regularly (and sometimes successfully) targeted by hackers, storing crypto on an exchange long-term is very risky.

Learn more about cryptocurrency wallets

2023 crypto exchange industry predictions report

We polled 56 specialists in the fintech industry to get their opinion on what the future looks like for centralised crypto exchanges and what the demise of FTX means for the crypto industry.

The vast majority of our panellists (83.93%) don't think the collapse of FTX was the beginning of the end for crypto, while 8.93% think it was and 7.14% are unsure.

However, because of the FTX collapse, more than half of our panellists (58.49%) believe that crypto exchanges should be regulated just as much as other financial trading platforms.

22.64% believe that crypto exchanges should be regulated, but less so than other financial trading platforms. 15.09% don't believe that crypto exchanges should be regulated to the same degree.

Over one-third of our panellists (35.19%) believe all crypto exchanges will be regulated as traditional financial institutions by 2030. A further 22.22% believe this will happen by 2025 and another 14.81% think it will happen by 2024.

In the future, the majority of our panellists (86.79%) feel that crypto exchanges should be required to disclose both their proof of reserves (PoR) and records of their liabilities.

42.31% think that more crypto exchanges will face bankruptcy as a result of a reduction in their customer base. 15.38% believe this will play out over the next 5 years while a quarter (26.92%) think it'll happen within the year.

Bottom line

Not all crypto exchanges are created equal, and not all crypto buyers and sellers have the same trading needs. The best exchange for one person might not necessarily be the right choice for someone else, so it's essential that you do your own research.

Check out our reviews on a range of leading cryptocurrency exchanges in Australia and around the world. Compare the features, fees and pros and cons of each crypto exchange and consider how they align with your investment goals and budget. We've summarised the data for our best crypto trading platform selections below.

PlatformSupported cryptosTrading feesDeposit methodsRegulator registration
Binance Australia

Finder rating
★★★★★

356+Maker: 0.1%
Taker: 0.1%
Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay
AUSTRAC
Go to site
CoinSpot

Finder rating
★★★★★

389+Instant buy, sell & swap: 1%
Limit orders: 1%
Market order: 0.1%
Recurring Buy: 1%
OTC: 0.1%
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, POLi, PayID
AUSTRAC
Go to site
Swyftx

Finder rating
★★★★★

335+0.6%Bank transfer, Credit card, Cryptocurrency, Debit card, POLi, Osko, PayID
AUSTRAC
Go to site
Coinstash

Not rated yet

948+0.85% for all coinsBank transfer, Cryptocurrency, PayID
AUSTRAC
Go to site
Bybit

Not rated yet

376+Fees varyBank transfer, Credit card, Cryptocurrency, Debit card, P2P
None
Go to site
Coinbase Australia

Finder rating
★★★★★

257+Bank transfer, Credit card, Debit card, PayID
AUSTRAC
Go to site
eToro

Finder rating
★★★★★

78+1% fee for buying or selling cryptoassets. Overnight and weekend fees applyBank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money
ASIC
Go to site
Kraken

Finder rating
★★★★★

223+Maker: 0.20%-0.26%
Taker: 0.16%-0.20%
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
AUSTRAC
Go to site
Crypto.com

Finder rating
★★★★★

272+Maker - 0-0.075%
Taker - 0.05-0.075%
Credit card, Cryptocurrency, Debit card, Apple Pay, Bank Transfer (PayID/Osko/BPAY), Google Pay
AUSTRAC
KuCoin

Not rated yet

744+Maker: 0.1%
Taker: 0.1%
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P
None
Go to site
Cointree

Finder rating
★★★★★

246+0.9%Cash, PayID, Online and mobile banking
AUSTRAC
Go to site

FAQs

Methodology

To evaluate our 2023 picks for the best crypto exchanges in Australia, we compared over 30 exchanges on a range of criteria, including the following:

  • Supported assets. Does the platform offer a good breadth of coins, tokens and NFTs?
  • Payment methods. What account funding options are available? Does the exchange accept bank transfers, credit and debit cards or crypto-only transfers?
  • Fees. What trading fees, withdrawal fees and other miscellaneous charges are levied by the exchange, and are these rates comparable with competitor exchanges?
  • User experience. Is the platform simple to use for both beginners and advanced crypto traders?
  • Platform features. What tools, charts and functionalities are available on the exchange? Is there support for advanced trading features such as derivatives or hedging?
  • Security. What measures are taken by the exchange to protect its customers' assets and prevent theft or loss? Are additional security features in place, including 2-factor authentication (2FA), cold storage of assets, regular audits and insurance coverage?
  • Regulator registration. Is the platform registered as a Digital Currency Exchange (DCE) with the Australian Transaction Reports and Analysis Centre (AUSTRAC) or overseen by the Australian Securities and Investments Commission (ASIC)?
  • Customer support. How do existing users rate the exchange's customer support? Does the exchange offer various methods of contact, such as email, instant chat, phone or social media?

Read our full trading platform rating methodology

Finder's crypto exchange reviews

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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  • Swyftx vs Binance

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  • Coinbase vs CoinSpot

    We compare these 2 popular exchanges on features, fees and coins to see which comes out on top.

  • Swyftx vs CoinSpot

    We've compared Swyftx and CoinSpot side-by-side to help you make a decision about which of these popular Australian exchanges is best for you.

  • Luno exchange review

    Finder’s Luno review covers everything you need to know before signing up. Find info on fees, registration, cryptocurrencies on offer and more.

  • KuCoin vs Binance

    Compare what KuCoin and Binance have on offer to find the best exchange for you.

  • review

    Coinstash gives you access to over 1,000 cryptocurrencies by integrating with DeFi markets. Find out more in our review.

Get started with crypto

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16 Responses

    Default Gravatar
    Wisebanc.comDecember 9, 2018

    I have for several years been informed by email that I have 10.2 Bitcoins. Recently I have also been informed that this balance is worth some $18,000 plus and that I can withdraw the money at any time. Is this likely to be true or is it a scam?

      Avatarfinder Customer Care
      MayDecember 16, 2018Staff

      Hi Wisebanc.com

      Thanks for your inquiry and sorry for the delay.

      I’m afraid we can’t tell if that is true or a scam. Have you traded bitcoins before or do you have any deals with cryptocurrencies? That could be adverts from the exchanges you’re with. If you didn’t engage in any of the bitcoin trades, then you should have a second thought and start to investigate yourself. You may refer to our guide about bitcoin scams. It has a list of 11 common crypto scams to keep an eye out for.

      Hope this helps.

      Cheers,
      May

    Default Gravatar
    EmilyDecember 2, 2018

    Now is a large selection of exchangers, but not all of them meet the requirements of users. For example, I used shapeshift earlier, but they made an account. I think you know what kind of hate this has caused among users. Then I used changelly, but they recently delay the execution of applications. This is inconvenient, because I need an exchange in a short time. Now I found changenow, in my opinion it meets the requirements of the crypto community, so I look forward to your review. Thanks!

      Avatarfinder Customer Care
      JohnDecember 4, 2018Staff

      Hi Emily,

      Thank you for reaching out to finder.

      Let me go and forward your comment over to our publishers. Definitely, this is something that would be checked by the team. Please follow our pages and check for updates regarding this. Again, thanks for your comment.

      Cheers,
      Reggie

    Default Gravatar
    RickoNovember 15, 2018

    Agree with Almore. Changenow should rank on this list. Using it recently, I found a service that completely suits me. Hope I will see it here.

      Avatarfinder Customer Care
      JohnNovember 15, 2018Staff

      Hi Ricko,

      Thank you for reaching out to finder.

      I have already forwarded your suggestion to our publishers for validation. Thank you for your interest in helping finder.
      Cheers,
      Reggie

    Default Gravatar
    AlmoreNovember 6, 2018

    Could you please add changenow to this list? I wanna to compare it with other services. They are writing about their best rates

      Avatarfinder Customer Care
      JohnNovember 8, 2018Staff

      Hi Almore,

      Thank you for reaching out to finder.

      I will forward your request to our team who publishes these articles and this would be validated. Once we have enough information about this Crypto Exchange, we will have it published on our site. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    MiboOctober 29, 2018

    Hello
    Here is a new cryptocurrency exchange(BITKER which founded in Singapore), we would like to link our information on your cryptocurrency plate. Also as the cooperation exchange condition, we would offer BITKER media resource, BITKER exchange has over 100K user and attention in China market. Now is continue to increase the overseas market. including but not limited to Southeast Asia, Middle East, Africa and North America.

    If you are interested for our cooperation.
    Please, Email me

    Thank you
    Mibo

      Avatarfinder Customer Care
      JohnOctober 29, 2018Staff

      Hi Mibo,

      Thank you for your interest in Finder.

      Please check our partner with us page. Once there, please fill in the form provided. Once submitted, our client services team will get in touch with you to discuss your proposal.

      Hope this helps!

      Cheers,
      Reggie

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