10 Best Crypto Exchanges Australia in 2024 (Reviewed)

Are you looking for the top crypto apps in Australia? You are not alone. Crypto trading is booming in the land down under. More and more Australians are investing in digital assets.

But how do you choose the right platform for your needs? There are many factors to consider, such as fees, security, features, customer support, and more.

That’s why we have tested and reviewed the 10 best crypto exchanges in Australia. we will share our findings and recommendations with you. Let’s get started!

Comparison between Best Crypto Exchanges and Apps in Australia

What are the best Crypto Exchanges in Australia?

When it comes to crypto trading platforms in Australia, there are several reputable platforms to consider. These exchanges offer a range of features such as a diverse selection of cryptocurrencies, user-friendly interfaces, strong security measures, and reliable services.

Here are some of the best crypto exchanges in Australia based on their reputation and popularity.

1. Swyftx: Best AUSTRAC registered Crypto Exchange

Swyftx is a digital currency exchange that operates in Australia. It is regulated by AUSTRAC, the Australian government agency that oversees anti-money laundering and counter-terrorism financing.

It allows you to buy, sell and trade more than 310 different cryptocurrencies with low fees and small spreads. You can also access a practice mode that lets you test their strategies and learn the market without risking your own money.

Swyftx has a local support team that provides live chat and educational resources for users. Users can also access the Swyftx app, which supports both mobile and desktop devices.

It is certified by ISO 27001 for information security and has a comprehensive security framework to protect users’ assets and funds. Swyftx aims to be the most trusted and beginner-friendly crypto exchange in Australia.

Pros and Cons of Swyftx

Pros:

1. Low fees and competitive spreads
2. Supports over 300 cryptocurrencies and tokens
3. Offers advanced trading features and tools
4. Regulated and compliant with Australian laws
5. Provides customer support via phone, email, and live chat

Cons:

1. Limited fiat currency options (only AUD)
2. Requires identity verification for all users
3. Does not support margin trading or derivatives
4. May experience occasional downtime or glitches

2. Bybit: Leverage Trading Cryptocurrency Exchange

Bybit is a crypto derivatives exchange with high leverage. It was launched in 2018 by a group of experts from the finance and forex sectors.

It is headquartered in Singapore and operates under the laws of the British Virgin Islands. It lets you trade perpetual futures contracts on Bitcoin and other cryptos with up to 100x leverage.

Bybit also ensures a fair and transparent trading system with a dual price mechanism, various order types, and data analysis tools. The exchange has more than 1.6 million customers around the world.

Related:

• How Does Bybit Copy Trading Work
• How Do Bybit Trading Bots Work
• Bybit Crypto Exchange Review

Pros and Cons of Bybit

Pros:

1. User-friendly interface.
2. Advanced trading features.
3. Robust security measures.
4. Deep liquidity.
5. Wide range of tradable assets.

Cons:

1. Geographical restrictions.
2. Not all low-cap altcoins are supported

3. Binance: High-Volume Trading platform in Australia

Binance is the biggest exchange in the world by how much crypto is traded on it. It started offering its services to Australians in 2020 and follows the rules of AUSTRAC.

The platform lets you buy, sell, and keep more than 350 different kinds of crypto with over 50 types of fiat money, including the Australian dollar (AUD).

You can use different ways to pay for your crypto, such as bank transfer, card, or cash. Binance also has low fees, strong security features, and friendly chat support anytime you need it.

You can also use it to try other things, like Binance NFT, Binance Pay, Binance Earn, and more. It has a lot of fans in Australia. It is the second most popular crypto exchange in the country after CoinSpot.

Related:

• 5 Risks Involved In Trading Binance Leveraged Tokens
• Pionex Vs Binance
• Binance Review

Pros and Cons of Binance

Pros:

1. Wide selection of cryptocurrencies.
2. High liquidity and trading volume.
3. User-friendly interface and intuitive trading platform.
4. Offers various trading options, including spot, futures, and options.
5. Strong security measures, including two-factor authentication.

Cons:

1. Limited fiat currency support.
2. Customer support can be slow and unresponsive at times.
3. Not available to residents of certain countries, including the United States.
4. Controversies and regulatory concerns in some jurisdictions.

4. Kucoin: Top-Rated Crypto App in Australia

Kucoin is a crypto app that lets you trade over 800 coins, including popular and rare ones. It also has many features like futures, margin, staking, lending, and trading bots. It has millions of users worldwide and supports many languages. The platform is safe, fast, and cheap to use.

Kucoin is not regulated by AUSTRAC in Australia, so it does not follow the same laws as other exchanges. But it asks you to verify your identity and address (KYC) before you can take out your money.

The exchange charges 0.1% for trading, but you can pay less by holding KCS or being a VIP. You can also get discounts and prizes as a new user.

Pros and Cons of Kucoin

Pros:

1. Supports over 800 coins and tokens
2. Offers low trading fees and discounts for holding its native token (KCS)
3. Provides a user-friendly interface and mobile app
4. Has a high level of security and compliance
5. Rewards users with bonuses and incentives

Cons:

1. May face regulatory uncertainty in some jurisdictions
2. Suffers from occasional technical glitches and delays
3. Has relatively low liquidity compared to other exchanges

5. Coinjar: Australia’s Longest-Running Crypto Platform

CoinJar is an Australian crypto platform that lets users buy, sell, store, and spend over 50 cryptocurrencies. It was launched in 2013 and has a reputation for being reliable and secure. It has more than 1 million customers and has handled over $5 billion in transactions.

CoinJar has different products and services for different needs, such as:

• CoinJar App: A mobile app for easy crypto management, buying, selling, spending, and earning.
• CoinJar Bundles: A feature for buying a group of cryptocurrencies with one click.
• CoinJar Exchange: A professional trading platform with low fees, tight spreads, and fast speed.
• CoinJar Clear: A service for quick and safe bank transfers for large crypto trades.
• CoinJar OTC Trading Desk: A service for personalized execution of high-volume trades.
• CoinJar for Institutions: A service for corporate accounts, custody solutions, and API access.

It is also regulated by AUSTRAC and follows the AML/CTF Act. Users need to verify their identity to use CoinJar’s services.

Pros and Cons of Coinjar

Pros:

• Long-running and trusted exchange in Australia
• Bank account deposits and withdrawals with low fees
• Variety of products and services for different needs
• High security for customers’ assets

Cons:

• Low trading volume and liquidity
• No advanced features such as margin or futures
• Not all crypto coins are supported

6. Independent Reserve: Best Bitcoin Exchange in Australia

Independent Reserve is an Australian crypto exchange and OTC desk that was started in 2013 by Adam Tepper and Adrian Przelozny. It serves over 200,000 customers in Australia, New Zealand, and Singapore who want to buy and sell Bitcoin and other cryptos with AUD, NZD, SGD, or USD.

It is a trusted and regulated platform that follows high standards of security, auditing, and customer service. It is certified by ISO 27001 and Blockchain Australia Gold. It also works with well-known partners like KPMG, Westpac, BPay, and SWIFT.

Independent Reserve has various features for its users, such as different types of orders, portfolio tracking, DCA strategies, and access to top cryptos like Bitcoin, Ethereum, XRP, Cardano, Solana, and more. It also has an OTC desk for big traders who need more liquidity and privacy.

Pros and Cons of Independent Reserve

Pros:

• Regulated and licensed
• Supports many cryptocurrencies
• Low fees and competitive rates
• User-friendly and advanced features
• High security and protection

Cons:

• Requires verification and KYC
• Only supports AUD, NZD, and USD
• May lack liquidity or volume

7. CoinSpot: Top Crypto App in Australia

Coinspot is Australia’s biggest and oldest crypto exchange since 2013. It has more than 380 coins to choose from, such as Bitcoin, Ethereum, Litecoin, Dogecoin, Solana, and others. You can trade crypto easily and pay low fees of 0.1%. It also has a mobile app for users to access their crypto anytime.

The platform is certified by Blockchain Australia, which shows it follows industry standards. It also has the best security certification in Australia. It has a two-factor authentication option that users can turn on for more security.

Coinspot has 2.5 million happy customers who like its service, support, and usability. The support team is ready to help 24/7 through live chat or the help desk.

Pros and Cons of Coinspot

Pros:

• Easy-to-use interface and mobile app
• Offers instant buy and sell features
• Provides a secure wallet service with 2FA and cold storage
• Allows AUD deposits and withdrawals via bank transfer, PayID, POLi, and cash
• Low fees for trades and withdrawals
• A loyalty program that rewards users with discounts and bonuses

Cons:

• Limited trading options and features compared to other platforms
• Does not offer advanced charting tools or indicators

8. Pionex: Best crypto Exchange with trading bots

Pionex is a crypto platform that started in 2019. It has low fees of 0.05% and 16 free bots for automated trading. You can trade over 120 coins with leverage on Pionex.

The bots are the main feature of Pionex. The range of bots available includes the grid trading bot, DCA bot, rebalancing bot, arbitrage bot, and numerous others.

They can help you make profits in different market conditions. You can learn how to use them from the tutorials and the live chat support.

Pionex has a mobile app and a web platform. You can access them from any device. However, you cannot use fiat money on Pionex.

Also Read: Pionex Trading Bots Review

Pros and Cons of Pionex

Pros:

1. Cheap fees (0.05%) for all trades
2. Free bots (16 types) to automate trading and earn more
3. Many coins (120+) to trade with
4. Good support via live chat
5. Mobile app for iOS and Android

Cons:

1. Unregulated in Australia and no AFSL
2. No AUD for deposits or withdrawals
3. Hard to use for beginners
4. High risk with leverage trading

9. Bitget: Best Australia Crypto Trading Platform

Bitget is a platform where you can trade different kinds of crypto contracts, such as futures and spots. You can also use Bitget to copy the trades of experts and follow their strategies automatically.

In the Australian market, It lets you buy and sell USDT with AUD using various payment options, such as bank transfers, Apple Pay, Google Pay, and credit cards.

Bitget says it has licenses from Australia, Canada, and the United States, but it was banned by the Singapore regulator because of a dispute with K-pop band BTS.

Related:

• Bitget Review
• Bitget Vs Phemex
• Bitget Vs Kucoin Comparison

Pros and Cons of Bitget

Pros:

1. User-friendly interface for easy navigation.
2. Wide range of supported cryptocurrencies for diverse trading options.
3. Advanced trading features and tools for experienced traders.
4. High liquidity, ensuring efficient order execution.
5. Competitive trading fees for cost-effective trading.
6. Robust security measures to protect user assets.

Cons:

1. Limited fiat currency support, primarily focused on crypto-to-crypto trading.
2. Relatively new exchange compared to more established platforms.
3. Lack of educational resources for beginner traders.

10. Phemex: Best Altcoin Exchange in Australia

Phemex is a crypto exchange that lets you trade cryptos with low fees and high security. It also has many features to help you make money with cryptos, such as interest, staking, and prediction markets.

It has 272 crypto pairs on its spot market, where you can exchange cryptos with fiat or other cryptos. You can also use up to 100x leverage on its contract market, where you can trade over 151 contract pairs.

The platform lets you buy crypto with different payment options, such as P2P, credit cards, or OTC. Phemex works in Australia, and many other countries around the world. You can use the Phemex mobile app to trade cryptos anytime and anywhere.

Pros and Cons of Phemex

Pros:

1. Enjoy high leverage and fast execution on crypto derivatives trading
2. Access a wide range of crypto pairs on the spot market with low fees
3. Purchase crypto with various payment methods
4. Grow your crypto income with attractive interest rates and launchpool rewards

Cons:

• Require KYC verification to access more features and incentives
• Some coins may have variable fee rates depending on special offers
• No regulation by any Australian authority

Factors to consider while choosing the best crypto exchanges in Australia

To choose the best crypto exchange in Australia, you should compare these factors:

1. Fees and commissions: How much each exchange charges for trading, depositing, and withdrawing crypto.
2. Security and reputation: How safe and trustworthy each exchange is, and what features they have to protect your funds and data.
3. Range of coins and tokens: How many and which crypto assets each exchange offers, and if they list new or emerging coins.
4. Trading features and tools: What options and tools each exchange provides for advanced or frequent traders, such as margin trading, futures contracts, stop-loss orders, charts, and indicators?
5. Customer support and education: How responsive and helpful each exchange’s support team is, and what resources they have to help you learn more about crypto trading.

How to Buy Crypto In Australia?

To buy crypto in Australian crypto exchanges, follow these steps:

1. Compare crypto exchanges: Use websites like crypticera.com to compare exchanges based on fees, security, reputation, coins and tokens, features and tools, support, and education.
2. Create an account: Choose an exchange and sign up with your personal details and proof of identity. Verify your account by completing a KYC process.
3. Deposit AUD into your account: Use payment methods such as bank transfer, BPAY, credit card, or debit card to deposit AUD into your account. Check the fees and minimum deposit amount before depositing.
4. Buy your desired cryptocurrency: Use the exchange’s platform or app to buy crypto using market orders or limit orders. You can also use other order types such as stop-loss orders or futures contracts if available.
5. Select a storage method: Store your crypto in the exchange’s wallet address online, or in an external wallet such as a hardware wallet or a software wallet offline. Storing your crypto offline is safer than storing it online.

These are the basic steps to buy crypto in Australia. However, you should do your own research and understand the risks before investing in crypto.

Final Thoughts: Which should you Choose?

In this blog post, we have reviewed some of the most popular and trusted crypto exchanges in Australia, such as CoinSpot, Swyftx, Independent Reserve, CoinJar, and Binance.

There is no one-size-fits-all solution, but rather a range of options that cater to different types of traders and investors.

Each of these platforms has its own advantages and disadvantages, so you should do your own research and due diligence before signing up.

FAQs: Best Crypto Exchanges in Australia

Related:

1. 6 Best Decentralized Crypto Exchanges
2. 8 Top Cryptocurrency Exchanges And Apps
3. Best Fiat-To-Crypto Exchanges