With so many options available, choosing the right cryptocurrency exchange in Australia can be overwhelming. We’ve reviewed multiple platforms, considering key factors like fees, security, and user experience to help you make an informed decision.
Top Crypto Exchanges for Australians
Here’s our curated list of the six best cryptocurrency exchanges for Australian traders:
- Swyftx – Best Overall Crypto Exchange
- Bybit – Top for Derivatives and Margin Trading
- Binance – Best for Altcoins
- eToro – Ideal for Copy-Trading
- KuCoin – Best for Trading New Coins
- CoinSpot – Well-Rounded Australian Exchange
Why We Chose These Exchanges
1. Swyftx – Best Crypto Exchange Overall
Swyftx stands out with over 4,600 TrustPilot reviews averaging 4.6/5. The platform supports 350+ cryptocurrencies and offers seamless AUD deposits via bank transfers, PayID, and cards.
Key Features:
- Demo mode with $10,000 virtual AUD.
- TradingView integration for advanced charting.
- Low fees (0.1%–0.6%).
Drawbacks:
- No margin trading.
- High credit card fees (3.6%).
2. Bybit – Best for Margin Trading
Bybit excels in leveraged trading, offering up to 100x on futures and perpetual markets. However, it doesn’t support AUD deposits.
Key Features:
- Advanced TradingView tools.
- Low fees (0.01% maker, 0.06% taker).
- Crypto trading bots.
Drawbacks:
- No AUD support.
- Complex for beginners.
3. Binance – Best for Altcoins
Binance offers a vast selection of altcoins and advanced features like staking and futures trading.
Key Features:
- 0.1% trading fees.
- High liquidity.
- Binance Visa card for crypto spending.
Drawbacks:
- Limited AUD deposit options.
- Overwhelming for beginners.
4. eToro – Best for Social Trading
eToro’s copy-trading platform allows users to mirror top traders’ strategies.
Key Features:
- $100,000 demo account.
- User-friendly interface.
Drawbacks:
- High currency conversion fees.
- Limited crypto selection.
5. KuCoin – Best for New Coins
KuCoin lists new tokens early, offering 700+ assets.
Key Features:
- Low trading fees (0.1%).
- Wide altcoin selection.
Drawbacks:
- No AUD support.
- Slow customer service.
6. CoinSpot – Best for Beginners
CoinSpot is ISO 27001-certified, making it one of Australia’s safest exchanges.
Key Features:
- 370+ cryptocurrencies.
- Easy AUD deposits.
Drawbacks:
- High instant buy fees (1%).
- Poor liquidity.
FAQs
Q: Which exchange is best for beginners?
A: CoinSpot and Swyftx are beginner-friendly.
Q: Can I trade derivatives in Australia?
A: Yes, Bybit offers leveraged trading.
Q: Are these exchanges regulated?
A: Most are AUSTRAC-registered but lack full consumer protections.
Final Thoughts
Choosing the right exchange depends on your needs—whether it’s low fees, security, or advanced features. Always conduct your own research and consider storing crypto in a private wallet for safety.