8 Best Crypto Exchanges In Australia (May 2022)

May 13, 2022
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Best Crypto Exchanges Canada

Choosing the best cryptocurrency exchange in Australia isn’t easy, given all the options out there and the different features each of them offers. As an avid cryptocurrency investor myself, I diligently keep up with the movements of the top exchanges, and make my selections below based on years of research and personal experience.

Capital is the favourite among knowledgeable Australian crypto investors, both for its enterprise-grade security and zero trading fees. If you’re looking for a safe, cost-effective way to buy and sell crypto in Australia, I can’t recommend Capital highly enough.

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Zero trading fees

What Is The Best Crypto Exchange In Australia?

1. Capital – Best Overall

Capital is so much more than a crypto exchange—and that’s exactly what makes it so great. With Capital, you can trade crypto alongside stocks (including stocks listed on the ASX), commodities, forex, market indices, ETFs and more—all with zero trading fees

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), which is extremely small. It has a fully functional desktop platform and well-rated mobile app, plus a demo account where you can make trades in real time with paper (fake) money.

Capital is licensed by the Australian Securities and Investments Commission (ASIC), which means it’s a safe, secure exchange regulated by trustworthy Australian authorities. Every user even receives a dedicated account manager you can reach by email or phone at any time, making Capital’s customer support experience second to none. 

I’ve personally used Capital for more than 4 years, and based on both my own experiences and those of millions of other users, I can’t recommend Capital highly enough. 

Features

  • Zero trading fees
  • Tight spreads (around 0.1% – 0.3%) 
  • Supports 50+ cryptocurrencies
  • Allows up to 500x leverage (200x leverage on crypto)
  • Free deposits and withdrawals from debit/credit cards, bank transfer, etc.
  • Dedicated account manager you can reach at any time
  • Excellent desktop trading platform
  • Well-rated mobile app (4.8/5 on Apple, 4.6/5 on Google)

Cost

  • Zero trading fees
  • Spreads: 0.1% – 0.3%

Best For

Investors looking to buy crypto with extremely low fees.

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Zero trading fees

2. Crypto.com – Best For Staking

Crypto.com: best crypto exchange Canada

Crypto.com is a major global player as far as exchanges go. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com also offers some unique features that few Australian cryptocurrency exchanges can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com has invested an enormous amount of money into its platform security, which makes trading with them extremely safe. The exchange is also lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Features

  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • 0.4% per trade in fees
  • Free deposits from all cryptocurrencies

Cost

  • Trading Fees: 0.4%

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

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Extremely secure, 10x leverage

3. Digital Surge – Best Variety Of Coins

Digital Surge is an Australian crypto exchange that’s known for being user-friendly and a great place to start your journey into the world of crypto trading. The platform allows customers to buy and trade Bitcoin, as well as 250+ other altcoins through its safe, secure portal.

Cryptocurrencies may be bought and sold immediately with AUD via bank transfer, making the exchange ideal for the Australian market. Customers can also use their BTC holdings to make monthly bill payments.

Features

  • Easy to use trading interface
  • Low fees
  • 250+ crypto assets supported
  • 24/7 customer support
  • Instant account verification
  • Price notifications that can be set at any time

Cost

  • Trading fees: Between 0.1% to 0.5% (depending on trading volume)
  • Instant Buy/Sell Order fees: 0.5%
  • Deposit fees (PayID): Free
  • Deposit fees (POLi): $2 to $3.30 AUD
  • Withdrawal fees (Bank account): Free
  • Withdrawal fees (Crypto wallet): Standard network gas fees

Best For

Australian crypto investors looking for the best overall trading experience.

4. Swyftx

Swyftx is a prominent Australian crypto exchange that enables AUD customers to purchase and sell more than 270 different cryptocurrencies with fiat currency. Since its inception in 2017, they have flourished to become one of Australia’s most well-known crypto exchanges.

Swyftx grants its users access to an easy-to-use mobile app and slick desktop platform to trade on. Known for their low trading fees and tight spreads, Swyftx are also registered with AUSTRAC and adhere to all KYC/AML standards.

Features

  • Demo feature that allows you to learn how to use the platform without the risk of losing any money
  • A very wide array of supported digital assets (270+)
  • Allows you to stake cryptocurrencies
  • Live chat
  • Great security
  • Grants you $20 worth of Bitcoin for joining the platform

Cost

  • Trading fees: 0.6%
  • Deposit fees: Free
  • Withdrawal fees: Free

Best For

Crypto investors looking to invest in relatively unknown assets with low fees.

5. Binance

Binance is an international cryptocurrency exchange that currently serves as the world’s largest crypto trading platform by volume of daily trading. It began operations in 2017 and is now headquartered in the Cayman Islands.

Binance was founded in Hong Kong but later moved its headquarters overseas due to increased government intervention in cryptocurrencies. It has several notable characteristics, including powerful charting tools and access to the Binance Earn feature, as well as a Binance Visa Card.

Features

  • The largest array of supported cryptocurrencies (300+)
  • Wide array of supported fiat currencies (50+)
  • Binance Earn feature
  • Binance Visa Card
  • Advanced charting tools
  • Earn lower fees by using the exchange’s native currency (Binance Coin)

Cost

  • Crypto deposit fees: Free
  • Fiat deposit fees: From 0% to 3.5%
  • Crypto withdrawal fees: From 0% to 2,5%
  • Taker fees: From 0.04 to 0.1%
  • Maker fees: From 0.02 to 0.1%
  • Futures trading maker fees: 0.02%
  • Futures trading taker fees: 0.04%
  • Instant buy/sell trade fees: 0.5%
  • Debit/credit card purchases: 4.5%

Best For

International cryptocurrency investors that are interested in investing in rare or relatively unknown altcoins.

6. CoinSpot – Best For Day Trading

CoinSpot is an Australian cryptocurrency exchange that aims to make it simple for local customers to purchase and trade a variety of cryptocurrencies. CoinSpot was established in 2013, and originally, you could only use the site to trade Bitcoin (BTC).

Since then, however, CoinSpot has expanded and developed to become one of Australia’s most well-known crypto trading platforms, offering a wide variety of supported cryptocurrencies as well as numerous features and payment alternatives.

Features

  • Simple and intuitive user interface
  • Has a mobile app
  • Top-notch customer support
  • A very wide array of supported crypto (300+ digital assets)
  • A wide array of supported payment methods
  • One of the few Australian exchanges to receive the ISO 27001 certification

Cost

  • Trading fees: 0.1%
  • Cash deposit fee (Newsagent): 2.5%
  • BPAY deposit fees: 0.9%
  • Instant Buy/Sell Order fees: 1%
  • Advanced Trading Order fees: 1%
  • CoinSwap Trading Order fees: 1%

Best For

Australian investors new to the world of cryptocurrency looking for an easy-to-use crypto exchange.

7. LocalBitcoins

LocalBitcoins

LocalBitcoins takes a different approach than most of the others on this list: rather than trading with the broader market, you actually buy and sell with individual traders. It’s earned a loyal user base for its overall ease of use, and it’s one of the oldest cryptocurrency marketplaces around today.

The main reason I like LocalBitcoins, though, is for its low barrier to entry. Since you’re trading with other people, not with LocalBitcoins itself, it’s easy to get your account verified and start making trades.

LocalBitcoins users do need to proceed with caution, though; it’s possible to get scammed by other users on the site, especially when selling Bitcoin for cash. One common scam, for example, is a buyer who pays you via PayPal and then files a PayPal dispute once they’ve received your Bitcoin. Other payment methods (eg. INTERAC transfer and bank wires) are much more secure, but still, be careful. If it seems too good to be true on LocalBitcoins, it probably is.

Features

  • Easy to use
  • Very easy to start trading
  • Low transaction fees
  • Deposit Australian dollars via bank transfer, INTERAC, Moneygram, Wise, PayPal, ATM deposit, and more

Fees

  • Trading fees: 0.00006 BTC (~$4 CAD) flat fee per transaction
  • Depositing funds: Free
  • Withdrawing funds: Free

Best For

Investors looking to trade Bitcoin quickly and easily.

8. Kraken

Kraken is a cryptocurrency exchange and bank originally founded in 2011. It’s located in the United States (specifically San Francisco), and it enables you to trade fiat currencies like AUD or USD for cryptocurrencies and vice-versa. It also allows you to trade one type of cryptocurrency for another.

The exchange provides price data for digital assets to the Bloomberg Terminal, and as of December 2021, the Kraken exchange is accessible in 48 US states and 176 different countries, making it one of the more global exchanges around today.

Features

  • Very wide range of supported crypto (90+)
  • Simple and intuitive user interface
  • Kraken Crypto Watch feature that allows you to keep track of the crypto market
  • A plethora of information and educational resources on crypto for its users
  • 24/7 customer support through a variety of methods

Cost

  • Trading fees: Between 0% and 0.26% per trade
  • Crypto credit card purchases: 3.75% + €0.25
  • ACH crypto purchases: 1.5%

Best For

Cryptocurrency investors looking for an exchange with a wide array of supported altcoins and stablecoins.

What To Look For In A Great Australian Crypto Exchange

There are a number of factors to consider when selecting the top crypto exchange in Australia. Some of these include:

Supported coins: The best exchanges will offer a wide range of coins to trade, as this gives investors the opportunity to maximise their profits by trading a variety of assets.

User interface: The user interface should be simple to understand and easy to navigate, especially for beginners. However, if you are a more seasoned crypto investor, you may want to look for an exchange with more advanced features.

Fees: All exchanges will charge a fee for their services, but it is important to find an exchange that offers competitive rates. Otherwise, you may end up losing a significant portion of your profits in fees.

Regulation: One of the most important factors to consider when choosing an exchange is its level of regulation. A regulated exchange will be much safer and more trustworthy than an unregulated one.

Deposit & withdrawal options: Another important factor to consider is the availability of deposit and withdrawal options. Ideally, an exchange should offer a variety of payment methods so that investors can easily transfer funds in and out of their accounts.

Account security: It is crucial that an exchange has robust security measures in place to protect its customers’ funds. Look for exchanges that have implemented multiple layers of security, such as two-factor authentication and cold storage.

Customer support: The best exchanges always have excellent support so users can get help if they run into any problems. Consider how many channels you can use to reach their support team, their response times, and how helpful their responses are.

In Summary

Choosing the best cryptocurrency exchange in Australia isn’t easy, given all the options out there and the different features each of them offers. As an avid cryptocurrency investor myself, I diligently keep up with the movements of the top exchanges, and make my selections below based on years of research and personal experience.

Crypto.com is the favourite among knowledgeable Australian crypto investors, both for its enterprise-grade security and its low fees. If you’re looking for a safe, cost-effective way to buy and sell crypto, I can’t recommend Crypto.com highly enough.

OPEN FREE ACCOUNT
Extremely secure, 10x leverage

Best Crypto Exchanges In Australia FAQs

Which Australian crypto exchange has the lowest fees?

The Australian crypto exchange with the lowest fees is Swyftx, which charges just 0.6% on trades, has very narrow spreads, and doesn’t charge any deposit or withdrawal fees.

What’s the best crypto wallet in Australia?

The best cryptocurrency wallet in Australia is ZenGo, which offers bank-level security with a completely free account. Its easy-to-use mobile app supports 70+ different crypto assets at a given time, and it works seamlessly with exchanges like Swyftx and Digital Surge.

How can I buy cryptocurrency in Australia?

You can buy cryptocurrency in Australia using platforms like Digital Surge, Swyftx and CoinSpot.

What’s the best altcoin exchange in Australia?

The best altcoin exchange in Australia is one of Capital, Digital Surge or Crypto.com. Digital Surge supports an enormous 250+ coins, while Crypto.com supports 100+ coins, and all three are regularly adding more of the altcoins Australians are looking for.

What is the safest crypto wallet in Australia?

The safest crypto wallet in Australia is ZenGo, due to the unique way it protects your account using facial scanning technology, your fingerprint, and two independent mathematical secret shares. No one else (including hackers) can gain access to your ZenGo wallet, and even if your phone is lost or stolen, you never have to worry about losing your coins.

What’s the safest crypto exchange in Australia?

The safest cryptocurrency exchange in Australia is CoinSpot. They have bank-level security protocols, hold your coins offline in a cold storage wallet, and let you move your coins on or off of the exchange at any time. On top of that, they have some of the lowest spreads of any exchange in Australia, and are known for being a reputable, trustworthy crypto exchange.

Is cryptocurrency legal in Australia?

Yes, cryptocurrency is legal in Australia, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Australia, and the Australian government shows no indication of accepting it as such any time soon.

What crypto exchange is best for beginners in Australia?

The best crypto exchange for beginners in Australia is Digital Surge followed by Swyftx. Both are ideal for beginners because they verify most accounts instantly, have easy-to-use trading platforms, and great customer support in case you need any help along the way.

What’s the best crypto app in Australia?

The best crypto app in Australia is CoinSpot. Its app is rated 4.7/5 on the App Store, and Australians love it for its ease of use, strong security, and low fees.

What is the best crypto exchange for day trading in Australia?

The best crypto exchange for day trading in Australia is CoinSpot, since it has extremely low fees (just 0.1%), tight spreads, and its prices update multiple times per second, giving day traders an upper hand over the rest of the market.

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5