The Best Crypto Exchanges
in Australia

Making Crypto Simple
Liam Kemp — Last Updated on November 19, 2020

There are lots of options when it comes to Cryptocurrency exchanges, we’ve reviewed 100’s of exchanges over the years.

Based on a number of factors including supported currencies, fees, security and more we’ve created a list of exchanges available in Australia. You can rest assured that we’ve done the research and summarised the best crypto exchanges in Australia.

Exchange Website Rating Currencies Available Cryptocurrencies Fees Our Review Visit Site
5/5 AUD 100+ Cryptocurrencies 0.6% Swyftx Review Visit Site
4/5 AUD 100+ Cryptocurrencies 1% CoinSpot Review Visit Site
3.5/5 AUD & NZD 13 Cryptocurrencies 0.5% Independent Reserve Review Visit Site
3/5 USD 3 Cryptocurrencies 4% Coinbase Review Visit Site
3/5 Crypto 150+ Cryptocurrencies 0.1% Binance Review Visit Site
2.5/5 USD & EUR 7 Cryptocurrencies 6% Visit Site
2.5/5 GBP & USD 6 Cryptocurrencies Daily Fees Visit Site
2.5/5 USD, GBP & EUR 30+ Cryptocurrencies 0.26% Visit Site
2/5 USD 150+ Cryptocurrencies 0.1% Visit Site
2/5 USD 150+ Cryptocurrencies 0.5% Visit Site
Disclaimer: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews or comparisons, you can learn more about our Affiliate Disclosure.

The Best Cryptocurrency Exchanges in Australia
Reviews 2020






Available Cryptocurrencies:
100+ Cryptocurrencies

1. Swyftx Exchange

Swyftx, an AUSTRAC registered cryptocurrency exchange from Milton, Australia, is by far the best crypto trading platform for Australians. The exchange offers over a hundred cryptocurrencies that you can trade against AUD, USD, and BTC. This means that beginners don’t have to worry about exchanging fiat into crypto on other platforms.

Swyftx has some of the most competitive fees in the industry. The trading fee is a nominal 0.6%, deposits and withdrawals under AU$200 cost only AU$2, while those over AU$200 are free. Compared to the industry average spread of 5.2%, Swyftx charges between 0.2% and 0.8%.

As a fully licensed exchange, Swyftx complies with AML and KYC policies. To reduce the length of the upfront KYC, the platform applies transaction monitoring programs, which is why users are able to finish the registration and verification process in just two minutes. Completing the KYC check unlocks a daily deposit limit of 20,000 AUD.

The platform takes great care to secure your account using 2FA and breached password detection, on top of frequent penetration testing done by experts. At the moment, no other crypto exchange in Australia offers the same quality when it comes to user experience as a whole, which is why our team wholeheartedly recommends Swyftx.

Visit Swyftx






Available Cryptocurrencies:
100+ Cryptocurrencies

2. CoinSpot Exchange

CoinSpot is another Australian-based crypto exchange launched in 2013. This platform is a common entry point for Australian traders because of its easy-to-use interface aimed to attract both novices and experienced traders alike.

The exchange supports a wide range of cryptos, from the most prominent ones like Bitcoin and Ethereum to some lesser-known altcoins. The available deposit methods include POLi, PayID, BPAY, cash, or direct deposit.

The only drawback of the platform is incurring slightly higher fees than the industry average. The fees for buying, selling, and trading cryptocurrencies is 1%. The same fee applies to stop-loss, buy stop, and buy limit orders.

Moreover, to register for an account, you need to provide the exchange with a photo of a government-issued ID and a scanned copy of a utility bill in order to prove your address. CoinSpot is renowned for their impeccable customer service thanks to their team’s high responsiveness to customer queries.

Visit CoinSpot






Available Cryptocurrencies:
13 Cryptocurrencies

3. Independent Reserve Exchange

The third crypto exchange on our list, Independent Reserve, is also native to Australia and has proved itself to be a reliable platform for crypto trading since 2013. IR supports a total of 13 cryptocurrencies, including the most popular ones like Bitcoin, Ethereum, Litecoin, and Ripple.

The exchange accepts a range of payment methods such as EFT, Osko, SWIFT, PayID, POLi, etc. You can use AUD, USD, or NZD. The IR fees are incredibly low, starting from 0.5%, and can decrease to 0.05% depending on your trading volume.

If you upgrade your account to Premium, you can have full insurance on your cryptocurrencies that insures you against a breach of IR’s security, employee theft, or loss of funds from your IR wallet.

The exchange has a slight learning curve to it, which is why we recommend it to more experienced traders. IR uses offline, multi-layer encryption for your funds and stores them in cold storage, i.e. offline digital hardware storage devices kept in secure vaults in different locations.

Visit Independent Reserve




Over 40 currencies


Available Cryptocurrencies:
29 Cryptocurrencies

4. Coinbase

Moving on to international crypto exchanges, we have Coinbase, an American-based brokerage launched in 2012. It’s registered as a Money Services Business with FinCEN and has obtained numerous licenses from reliable financial regulators.

Coinbase is the number one choice of crypto traders around the world, especially beginners, due to its user-friendliness and easily navigable interface.

This exchange doesn’t support a long list of currencies, just the cream of the crop, i.e. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, and has a strict Digital Asset Framework that assesses each currency’s metrics (e.g. market capitalization, liquidity, customer demand, velocity) before deciding whether to add support for that coin or not.

You can choose to pay with a debit card for small investments, wire transfer for large investments, or bank account for either. The platform incurs affordable fees and offers great account protection through three types of 2FA, withdrawal whitelist, a Coinbase wallet, and a vault. All of the stored sensitive data is properly encrypted and funds are kept in cold storage.

Visit Coinbase




Over 42 currencies


Available Cryptocurrencies:
100+ Cryptocurrencies

5. Binance

Binance is another international platform that although launched in 2017, has managed to steal the hearts of thousands of traders around the world. Binance was originally headquartered in China, but due to regulatory problems, the company was relocated to Malta, an island known for being crypto-friendly.

This exchange is praised for the variety of cryptocurrencies it has on offer. Adventurous traders have a chance to invest in some of the most obscure but potentially lucrative tokens. Binance even has a native token BNB, that traders can use to get a discount on the trading fees, i.e. cut them in half.

Binance has been heralded as an extremely trustworthy platform that goes the extra mile to introduce top-notch security methods for its customers’ funds. The best feature that sets this platform apart is the Secure Asset Fund for Users (SAFU) which functions as this pooling vault to which Binance distributes 10% of all collected fees.

In May 2019, when the platform was hacked successfully, Binance was able to reimburse the lost funds to its users by drawing out funds from SAFU.

Visit Binance

Disclaimer: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews or comparisons, you can learn more about our Affiliate Disclosure.

Learn More About Cryptocurrency Exchanges

Investing in crypto and trading digital currencies takes place on online crypto exchanges that can either be accessed from your computers or mobile devices to trade on the go.

If you’re a beginner, by using fiat to crypto exchanges you have the advantage of making your first crypto purchase with fiat currencies. Otherwise, you can register on crypto to crypto platforms, which usually include a wider coin selection.

This guide today will tell you everything you need to know about choosing the perfect crypto exchange in Australia, features to look out for, and platforms to set your hands on. 

Let’s get started!

What Are Cryptocurrencies?

Cryptocurrencies are digital currencies that are secured with cryptography (so as not to be double-spent) and typically mined and stored on digital ledgers called blockchains.

The first cryptocurrency in the world is Bitcoin, designed in 2008 by Satoshi Nakamoto, an individual whose identity remains unknown to this day. Nakamoto launched Bitcoin’s network and open-sourced the blockchain technology in January 2009.

Since then, Bitcoin’s trajectory has been a real rollercoaster, with frequent spikes and dips that characterize the crypto market in general. Although it took a couple of years before Bitcoin got the attention it deserved, its popularity has been continuously on the rise in the last 3-4 years. (see our guide on how to buy bitcoin in Australia for a step-by-step tutorial on grabbing some yourself)

This has also promoted the creation of thousands of other cryptocurrencies and digital tokens. Some of them are used like Bitcoin – as stores of value for traders to invest in, others perform different functions. Nowadays, we have utility tokens that are used to fuel blockchain-based projects (e.g. smart contracts, decentralized applications) or to cover for service costs on various platforms.

What Are Crypto Exchanges?

As most of you must know by now, cryptocurrency exchanges are digital marketplaces that allow their users to buy, sell, and exchange cryptocurrencies in Australia for traditional fiat currencies or other digital coins.

We mentioned the difference between using a fiat-to-crypto and a crypto-to-crypto exchange. However, nowadays, you can also choose between centralized or traditional exchanges and decentralized or peer to peer crypto exchanges.

Centralized exchanges, like Coinbase and Binance, appeared first which is why they’re called traditional. They’re similar to traditional financial institutions because they play the role of intermediaries and escrow services.

These platforms offer great liquidity which is why they usually function as brokerages too, buying and selling the cryptocurrencies themselves on their own trading networks, at some of the best rates in the industry.

Centralized exchanges are great for people who value security above all because they verify their users’ identity as part of the registration process, store customer funds in cold storage, and employ lock settings and address IP whitelists.

Decentralized exchanges connect buyers and sellers on a peer to peer network, where they sign up with their email address without the requirement to provide an ID for verification (at least unless the seller asks you to).

The best thing about these exchanges is that you and your partner agree on the trading terms. This includes choosing the payment method that works best for both of you. As a result, transactions are completed much faster!

A word of advice, though, is to check the other trader’s history and reputation on the platform because the exchange is not responsible for any inconveniences you might experience in the form of thefts or losses.

The Final Checklist

We hope that by this point in the text, you’ve set your mind on one of the recommended crypto exchanges. Before you make your final decision, here’s a quick checklist to make sure you’re making the right choice:

  • Are you a beginner? If yes, then look for user-friendly platforms with little to no learning curve.
  • Do you own any cryptocurrencies? If you don’t, register on fiat to crypto exchange to be able to deposit fiat currencies for your first purchase.
  • Does the exchange support your target cryptocurrency? 
  • Are you already using an online wallet? If you don’t, maybe you should choose a platform that comes with its own digital currency wallet.
  • Do the transaction fees seem reasonable? Do deposits and withdrawals incur fees as well? If you can’t decide between two excellent exchanges, choose the one that’s cheaper to use.
  • What payment methods does the exchange offer? Can you pay with a credit or debit card?
  • Does the exchange comply with AML and KYC regulations? Do you need to provide a government-issued ID for account verification? If you have a problem with disclosing your personal data, opt for a peer to peer exchange.
  • What kind of security methods does your platform use? Make sure it offers at least a two-factor authentication, cold storage, and a withdrawal whitelist.
  • What countries does the exchange support? If you’re looking for crypto platforms in specific countries, we’ve built the following comparisons: Top cryptocurrency exchanges for the UKbest crypto exchanges for Canada, and the best crypto exchanges for the US.
  • Is their customer support team responsive enough? Read some user reviews to get a better insight.


Frequently Asked Questions

If you want to find a suitable crypto exchange, you should analyze its features and compare them to your investment strategy. Take into account the cryptocurrency selection and available payment methods, look for platforms with low fees and high deposit/withdrawal limits, read user reviews to check the level of customer service they provide, and the history of successful security breaches.

Out of the five mentioned above, Binance is labeled as the biggest crypto exchange by influential crypto sites like CoinMarketCap, based on the platform’s trading volume, markets, and liquidity.

In our opinion, the best crypto exchange in Australia is Swyftx. We based our choice on the platform’s extensive list of support cryptocurrencies, high-level security methods, reasonable fees, and the overall user experience. Plus, it’s a user-friendly choice that works great for beginners.

For Australian residents, Swyftx is the safest choice. Apart from state-of-the-art security measures, Swyftx has the advantage of being Australian-based. Users can benefit from the proximity of the company’s headquarters and enjoy better customer service.

Satoshi Nakamoto, the mysterious creator behind the world’s first and most popular cryptocurrency, owns the most BTC. He owns approximately 1.1 million coins.

The rising popularity of Bitcoin increased the number of Bitcoin transactions as well. As a result, the mining difficulty has surged too, so miners now prioritize transactions coming from users who have included higher fees.

Bitcoin transaction fees are part of the miner’s award for generating bitcoins and verifying transactions.