8 BEST Crypto Exchange Australia (2024)

Crypto Exchange Australia

The high number of crypto exchanges in Australia offers you various choices. Hallmarks of a good crypto exchange are reliability, security, and user-friendliness. Don’t be hasty while choosing because picking the wrong one exposes you to the risk of fraud and hacking and may incur high transaction fees.

Around 30 crypto exchanges in Australia were extensively researched over three weeks to build this list. The process was smooth, except for regular updates to provide the latest and most accurate information. The crypto exchanges we chose to provide you with the best coins are secure, regulated, and have top trading features.
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Top Pick
ByBit

Bybit's advanced trading system is ever-reliable with No Overloads and a 99.99% availability track record since inception. It offers an advanced order system where traders can set TP/SL for entry orders. It boasts a daily turnover of $700 million and accepts cryptocurrency deposits.

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Best Crypto Exchanges in Australia

Tool Best feature Deposit fee Withdrawal fee Free trial Link
Zengo Industry-leading security. $0(Free) $0 (Free) Free account, with non-custodial crypto storage for money guarantee, without time limits. Learn More
Uphold Multi-asset trading $0 (Free) except for a 2.49% charge on debit cards and 3.99% on credit cards. $0 (Free) except for a network fee between crypto wallets. Available, with instant withdrawals. Learn More
Luno Industry-leading crypto assets security. $0(Free) $0(Free) Bank transfers and a 0.75% charge on other withdrawal options. Free account with instant withdrawals. Learn More
DigitalSurge Manage your crypto portfolio with help from industry experts. $0(Free) $0(Free) Free account, with partial and full refunds. Learn More
ChangeNow Private cryptocurrency swaps. From 0.5% $0(Free) Free account with a refund guarantee on the original address. Learn More
Expert Advice:
Crypto exchanges connect you to the best and newest cryptos in the market, facilitating you to manage your wallet without brokers. We recommend a crypto exchange that offers top security, high liquidity, and advanced trading features. You can improve your investment’s safety by using a cold wallet to store your crypto coins.

1) Zengo

Most Secure Non-custodial Wallet

Zengo is the first Web3 wallet with no private key vulnerability, secured by encrypted biometrics. While this technology has been used by billion-dollar institutions for years, Zengo is the 1st wallet to offer these advanced security features as a crypto wallet.

Millions of dollars of NFTs have been lost or stolen because of private key mismanagement. With no private key to lose or steal, Zengo’s wallet removes the main vulnerability leading to NFT theft – a hacker’s worst nightmare.

Zengo offers 24/7 in-app customer service with real people and supports 120+ assets, including Bitcoin, Ethereum, and Tezos.

#1 Top Pick
Zengo
5.0

Best Feature: Industry-leading security

Coins Supported: 120+ coins, including BTC, ETH, XRP, DAG, ADS etc.

Supported Payment Methods: Maestro, bank transfers, Apple Pay, and credit cards.

Price: Free

Visit Zengo

Features:

  • Supports over 120 coins, featuring ETH, BTC, DOGE.
  • Operates as a software wallet.
  • Accessible in 70+ nations, including USA, UK, and India.
  • Mobile app available for Android and iOS.
  • Enables Tezos and Ethereum staking via WalletConnect.
  • Integrates Bitcoin, ERC20, and BEP2 blockchains.

Pros

  • Enables guaranteed wallet recovery
  • Offers you a 3FA security, most secure wallet available.
  • You can sell or buy within the bitcoin wallet app.

Cons

  • Limited range of cryptocurrencies

Trading Fees:

ZenGo, a user-friendly lowest fees cryptocurrency exchange, offers a straightforward fee structure. Storing, receiving, and sending transactions are free. There’s a minimum transaction value of $30. The total purchase fee for bank transfers ranges between 1.99%-2.99%, encompassing the spread, processing fee, and gateway. Both deposit and withdrawal actions come without any fees. With over 900,000 users, ZenGo emphasizes transparency and simplicity in its fee design.

Visit Zengo >>


2) Uphold

Uphold: Trade and Discover crypto!

With a user base exceeding 10 million spanning across 150 countries, Uphold provides a user-friendly platform for buying, trading, and holding a diverse range of assets, from crypto (over 250) to traditional currencies and precious metals. Uphold’s has a 100% reserve model that safeguards user funds and an openness to transparency, where real-time asset and liability data is publicly available and updated every 30 seconds.

#2
Uphold
4.9

Best Feature: Multi-asset trading

Coins Supported: 250+ coins, including BTC, ETH, XRP, ADS etc.

Supported Payment Methods: Debit and credit cards.

Price: Free

Visit Uphold

Features:

  • Broad range of tokens and earliest token support
  • Connected to 26 underlying exchanges to find you the best token prices
  • Spend assets anywhere in the world with the Uphold Card (in the UK only)
  • Set up automatic, recurring transactions for dollar-cost averaging
  • Advanced trading features like take profit and trailing stop loss.
  • Send funds to any other Uphold account using just an email address

Pros

  • Simple account setup, great for beginners
  • Simple UI and app experience
  • Many advanced trading tools
  • Trade between multiple asset classes (crypto, fiat currencies, metals)
  • New, low-liquidity altcoins added regularly
  • Transparent and reserved

Cons

  • Basic charts

Trading Fees:

Uphold offers a 0.8% maker fee and a 1.5% taker fee. Deposits via debit/credit card and Google and Apple Pay are subject to a 3.99% fee. Withdrawals are free with a 0% fee with the exception of withdrawals to a debit card where the fee is 1.75%. The minimum transaction value is set at $1 for all trades. There is a $0.99 Fixed fee for trades under $500

Visit Uphold >>


3) Luno

Best for industry-leading crypto assets security

Luno’s centralized dashboard allows you to manage your transactions, trading strategies, and portfolio. You can enable alerts to track market movements and prices. The exchange allows you to schedule your trades to make the most of market changes. Take charge of your account security by enabling features like a multi-signature wallet. If you have a business, install its API to manage crypto payments.

You can use Tradingview on Luno for market screening and access to detailed charts. The exchange has an extensive database with crypto data and news to help you understand the market. You can customize your interface by choosing the features you want to use. It lets you freeze your account if you suspect fraudulent access or transactions. High-risk crypto addresses can’t trade on the platform because of security concerns.

Luno

Features:

  • It maintains proof of reserves.
  • Luno uses a 1:1 basis to match all customer assets.
  • Use its detailed guide to learn about the history of crypto and trading basics.
  • It stores user assets in a deep freeze managed by Fireblocks and Bitgo Custody.
  • Your hot wallet is secure, with multiple signatures and three private keys.
  • There are no account air gaps, as all private keys are in cold storage.
  • You can install 2-factor authentication on your hot wallet for added security.
  • The exchange stores all passwords in hashed form.
  • Luno partners with Keepass, Keychain, and Lastpass to help clients manage and store passwords.
  • You need to authorize all high-risk actions to reduce the probability of account fraud.
  • Luno maintains a bug bounty program to enhance platform security.
  • Luno showcases a selection of over 25 cryptocurrencies.
  • Mobile-optimized for both iOS and Android platforms.
  • Supports Australian Dollar (AUD) transactions.
  • It complies with bank KYC and AML registrations.
  • There are independent auditors to verify the company’s crypto reserves.
  • You can schedule your crypto investments.

Pros

  • It has a fast verification process.
  • Luno is beginner-friendly.
  • You get extensive security features to secure your account and enhance your trading experience.
  • The crypto lending program lets you earn interest on your deposits.

Cons

  • The exchange has few advanced trading tools.

Trading Fees:

Luno offers a competitive trading commission starting from 0.75%. With a user-friendly threshold, both deposits and withdrawals can be initiated with as little as $1. Deposits are entirely free, and while bank transfer withdrawals also come without a charge, other withdrawal methods incur a 0.75% fee. New users are greeted with a $10 signup bonus in their choice of cryptocurrency. Additionally, Luno provides a complimentary account that features the benefit of instant withdrawals, ensuring users have swift access to their funds.

Link: https://www.luno.com/en


4) DigitalSurge

Best for managing a crypto portfolio with the help of industry experts

DigitalSurge – exchange provides free AUD transactions. You can leverage up to 13 crypto assets to earn interest. The exchange has an easy-to-use interface to monitor your coins. You can avail of premium support to get help from experts on your trading strategies. With BPAY, you can settle your bills in Australia using your crypto balance. DigitalSurge automatically exchanges your crypto to AUD to complete payments. So, you can leverage crypto market prices to get the best AUD conversion rates.

DigitalSurge

Features:

  • It has no hidden trading costs.
  • Allows personalization of customer support preferences.
  • It has record-low trading fees.
  • You get an easy-to-use interface.
  • Deposit instantly at any time using POLi and PAYID.
  • The exchange constantly updates its multi-layer security.
  • All withdrawals use two-factor authentication.
  • You can use cold or hot wallets.
  • DigitalSurge boasts over 300 listed cryptocurrencies.
  • Mobile-friendly on iOS and Android devices.
  • Supports Australian Dollar (AUD) transactions.
  • The support team is Australia-based.
  • You can access high-quality guides and resources.

Pros

  • It is beginner-friendly, with detailed user guides.
  • Enable and customize price alerts to get market price notifications.
  • The exchange has low spreads and combined fees.
  • It secures your user funds in cold and hot wallets for added security.

Cons

  • The exchange lacks advanced markets.
  • You can’t use it outside of Australia.

Trading Fees:

DigitalSurge offers a competitive trading commission of 0.5%. Users can start their trading experience with a minimal deposit of just $1, while the withdrawal threshold is set at $3.30. Both deposits and withdrawals are free of charge, ensuring cost-effective transactions for users. Newcomers to the platform are welcomed with a $10 signup bonus. Additionally, DigitalSurge provides a free account, and in the event of any dissatisfaction, offers both partial and full refunds, ensuring user satisfaction and trust.

Link: https://www.digitalsurge.com.au/


5) ChangeNow

Best for instant and private cryptocurrency swaps

It is a non-custodial exchange, which means it is a temporary intermediary. You don’t need to hold a wallet on the exchange to operate. It has a wide variety of crypto trading pairs for multiple swap transactions. ChangeNow has partnered with Simplex to facilitate fast bank transfer deposits and withdrawals with high liquidity.

ChangeNow is suitable for advanced and amateur traders, offering unique features for each category. It complies with regulatory controls to protect your interests by securing your assets. You don’t need KYC to transact unless it’s for huge transactions. It supports around 28 languages to help you trade with your preferences. For better predictability, the exchange uses fixed and classic rates to charge transaction fees.

ChangeNow

Features:

  • You get custody-free crypto swaps.
  • Over 50,000 crypto pairs.
  • You can auto-generate an address for crypto deposits.
  • It has the best market transaction rates.
  • It partners with top exchanges and wallets like Trezor, Trus, Cake Wallet, Ledger, Edge, Atomic Wallet, Simplex, Huobi, Binance, and OKEX.
  • Average transaction time is 5 minutes.
  • Mobile-optimized for both iOS and Android platforms.
  • It records over 1 million satisfied clients.
  • Their transaction triumph rate is about 98%.
  • It has a minimum transaction amount of $2 without upper limits.
  • They have limited on-chain transactions.
  • You can access cross-chain swaps with DEX-exclusive assets.
  • It gets its liquidity through PancakeSwap and UniSwap.
  • The exchange is DeFi-based.
  • You can use up to 50 fiat currencies to purchase crypto.
  • It is non-custodial for security and privacy guarantees.
  • You get instant access to cashback and transaction history from various exchanges.
  • It has top reviews from Invezz, Benzinga, and Investing.com.

Pros

  • Registration is not required.
  • You can list your startup crypto coin.
  • Its non-custodial services provide advanced security on the exchange.
  • You don’t have upper limits on your transactions.

Cons

  • Crypto to fiat conversion is not possible.
  • It limits large swap transactions for unverified users.

Trading Fees:

ChangeNow offers a trading commission starting at 0.5%. Users can initiate their trading with a modest deposit of $2, while the withdrawal threshold is set at the equivalent of 100 ChangeNow tokens. The deposit fee begins at 0.5%, but users benefit from free withdrawals, ensuring a cost-effective experience. While there isn’t a signup bonus, ChangeNow provides a free trading option and, in case of any issues, assures a refund guarantee to the user’s original address, emphasizing trust and user satisfaction.

Visit ChangeNow >>


6) CoinSpot

Best for cryptocurrency bundle offers

It is beginner-friendly and has unique features for Australian residents. It stores all your crypto assets in cold storage to limit the risk of fraud. You can also customize your security feature to protect your cryptocurrencies and NFTs. Due to its regulated nature, the exchange has high credibility.

It has an NFT marketplace that lets you access user generated and the most traded fan tokens. You don’t need to create a third-party NFT account, as you can pay from your crypto balance. It has a community that allows you to engage with other users on the exchange. You can purchase bundles if you’re unsure of the crypto assets you want to buy.

CoinSpot

Features:

  • It has a user-friendly interface with quick access to most features.
  • Signup and registration are quick.
  • It has a wide variety of deposit methods.
  • It has a 24/7 help desk and lives chat with an average reply rate of about half a minute.
  • The exchange has Sci Qual and Blockchain Australia certifications.
  • Secures your account with two-factor authentication.
  • CoinSpot offers an extensive range of over 360 cryptocurrencies.
  • Mobile-optimized for iOS and Android users.
  • Seamlessly supports Australian Dollar (AUD) transactions.
  • It has MasterCard that lets you pay with your crypto balance.

Pros

  • You get top security with ISO 27001 certification.
  • Leverage up to 21 coins to earn interest.
  • You have more control over the security features you want to use.
  • Low AUD transaction fees.

Cons

  • It doesn’t have advanced markets like P2P or margin trading.
  • High fees compared to average market rates.

Trading Fees:

CoinSpot offers an attractive trading commission starting at just 0.1%. Users can begin their trading journey with a minimal deposit of $1, and there’s no set limit for withdrawals, ensuring flexibility. While deposits are generally free, there are specific charges: a 2.54% fee for card transactions, 2.5% for cash, and 0.9% for BPAY. Withdrawals are entirely free, enhancing the platform’s cost-effectiveness. New users are welcomed with a $10 signup bonus, and CoinSpot provides a free account that boasts the convenience of instant withdrawals, ensuring users can access their funds promptly.

Visit CoinSpot >>


7) Coinstash

Best for access to a wide range of Australian deposit methods

Coinstash is regulated, which boosts its credibility. All users must go through KYC verification to ensure the platform’s security. It has a wide variety of altcoins for easy crypto swaps. You can create a separate wallet on Coinstash. It allows you custody over your coins and can connect to other exchanges.

The exchange uses SSO encryption to secure your account and crypto assets. You can enable two-factor authentication for multi-layered security. Two-factor authentication is mandatory for all to reduce the risk of fraud. Access the blog section to learn about Coinstash and get the latest crypto news. It also has a dedicated educational platform for trading information.

Coinstash

Features:

  • You access numerous Defi features on your account.
  • Trade popular cryptos in Australia.
  • The exchange is AUSTRAC registered for credibility.
  • You can earn annual interest on your AUD deposits.
  • It lists low-cap coins.
  • You can set up automatic purchases to optimize your trading.
  • Coinstash offers a vast selection of over 1000 cryptocurrencies.
  • Mobile-friendly on both iOS and Android platforms.
  • Seamlessly supports Australian Dollar (AUD) transactions.
  • Use Coinstash Bundles to ease your trading.
  • You can access the Metaverse and crypto gaming.
  • Join its active community to gain more insight into the exchange.

Pros

  • It has a user-friendly interface for beginners and advanced traders.
  • The exchange supports many local Australian deposit methods, like Osko.
  • AUSTRAC and AFSL regulate the Australia-based crypto exchange.
  • You can stake and earn crypto through Coinstash Earn.

Cons

  • You can’t use it outside Australia.
  • It only supports AUD as the sole fiat currency.

Trading Fees:

Coinstash offers a competitive trading commission of 0.85%. Users can kickstart their trading with a minimal deposit and withdrawal threshold of just $1. Both deposit and withdrawal transactions are free of charge, ensuring a cost-effective experience for users. Newcomers to the platform are greeted with a $10 signup bonus. Additionally, Coinstash provides a free account, emphasizing user convenience with the feature of instant withdrawals, allowing users to access their funds without delay.

Visit Coinstash >>


8) Kraken

Best for margin and futures trading

Kraken is ideal for traders seeking low commissions on futures markets and high staking rates. It is also suitable for spot trading at exact market prices. You get swift withdrawals because Kraken has high liquidity. It has a simple user interface that suits beginner and advanced traders. You can separate your advanced trading accounts. For example, you may maintain an independent margin account.

You can trade its wide variety of stablecoins, such as Dai, USD Coin, and Tether. It is suitable if you don’t want to trade in volatile crypto markets. Kraken accepts fiat currencies such as AUD, Swiss Francs, Japanese Yen, and US and Canadian dollars. It gives you flexibility when you travel outside Australia. All users have to complete KYC verification for the security of the platform.

Kraken

Features:

  • It has easy crypto and bitcoin trading platform.
  • You can use it in over 190 countries.
  • Records a quarterly trading volume of over $207B.
  • Simple interface to build your crypto portfolio.
  • Use the learning center to gain more crypto knowledge.
  • It has 24/7 customer support via email or live chat.
  • You can earn rewards up to 23% of your deposits.
  • Stake over 12 digital assets.
  • Use Kraken’s advanced features to supercharge your trades.
  • The exchange has high liquidity in all markets.
  • Kraken showcases an extensive range of over 185 cryptocurrencies.
  • Seamlessly supports Australian Dollar (AUD) transactions.
  • Its low latency API boosts transaction speeds.
  • You can use the trade margins and leverage up to 5x.
  • The exchange has XRP, BCH, LTC, ETH, and BTC futures.

Pros

  • Get lower spread fees for higher transaction volume.
  • It has different security features for trades, account withdrawals, and sign-in.
  • You can grow your approval level for high transaction limits.
  • Use Global Settings Lock to stop fraudulent activity on your account.

Cons

  • It has a few payment methods.
  • The exchange has limited access in some countries.

Trading Fees:

Kraken offers a competitive trading commission of 0.9%. Users can begin their trading journey with a modest deposit of $10, while the withdrawal threshold varies depending on the specific cryptocurrency. Deposits come with a 1.5% fee, with a reduced 0.9% charge for stablecoins. Withdrawals are cost-effective, starting at a mere 0.02%. New users are welcomed with a $10 signup bonus. Additionally, Kraken emphasizes user convenience by providing a free account that boasts the advantage of instant withdrawals, ensuring swift access to funds.

Visit Kraken >>

What is an Australian crypto exchange?

An Australian crypto exchange is a digital marketplace headquartered in Australia designed for the purchase, sale, & trade of cryptocurrencies. These platforms enable users to transact in digital assets, such as Bitcoin & Ethereum, offering direct pairings with the Australian Dollars. They are tailored to meet the requirements of Australian users, incorporating local payment options & offering region-specific customer support.

Types of Crypto Exchanges in Australia

In Australia, as in many other countries, there are several types of crypto exchanges catering to different user needs. Here are some common types of crypto exchanges you can find in Australia:

Centralized Exchanges (CEXs): Centralized exchanges are the most common type and are often recommended for beginners. They act as intermediaries between buyers &and sellers, providing an easy-to-use platform for trading various cryptocurrencies. Some popular centralized exchanges in Australia include Independent Reserve and CoinSpot.

Decentralized Exchanges (DEXs): DEXs operate without a central authority and allow users to trade cryptocurrencies directly from their wallets, enhancing privacy and control over funds. While less common in Australia, there are DEX options like Kyber Network and Uniswap.

Peer-to-Peer (P2P) Exchanges: P2P exchanges connect buyers and sellers directly, enabling them to negotiate prices and terms. These platforms often support multiple payment methods, making them versatile for users. LocalBitcoins is an example of a P2P exchange.

Cryptocurrency Brokers: Brokers simplify the buying process by allowing users to purchase cryptocurrencies at set prices, often with various payment options. These platforms are user-friendly and popular among newcomers. Swyftx is an example of a cryptocurrency broker in Australia.

Futures and Derivatives Exchanges: These exchanges cater to traders interested in cryptocurrency futures contracts and options trading. While not as prevalent as traditional exchanges, they offer advanced trading features. Some examples include BitMEX and Binance Futures.

Crypto Wallet Exchanges: Some cryptocurrency wallet providers, such as Exodus and Coinomi, offer integrated exchange services, allowing users to swap cryptocurrencies within their wallets.

Factors To Consider When Choosing The Best Crypto Trading Platform Australia

Choosing a crypto exchange requires due diligence to learn more about each platform. While selecting the best crypto exchange Australia, consider these essential features.

  • Jurisdiction/regulation– Australia regulates crypto exchanges through the Reserve Bank of Australia. It does not have its central bank digital currency but expects exchanges to follow financial rules. Choose a regulated crypto exchange in Australia for the security of the financial service. Otherwise, you are susceptible to fraud, exchange bankruptcy, and cyber threats.
  • Usability– A crypto exchange should have a user-friendly web platform and mobile apps. It is essential to help you familiarize yourself with its services. You don’t want an error-prone exchange with many redundant features. It wastes your time, and it is unclear. Select an exchange with an elegant interface and straightforward features.
  • Liquidity– Liquidity means the ease of conversion of crypto to fiat and vice versa. A good crypto exchange should allow instant swaps, deposits, and withdrawals. It is crucial for your trading experience. You also get a viable exit strategy on a trade or when you want to withdraw. It gives you better control over your holdings.
  • Type/number of assets– There are tens of thousands of crypto coins. An exchange shouldn’t list all. You need an exchange that verifies the legitimacy of coins before listing. It should also give you a wide variety of the most valuable assets in the market.
  • Security features– You don’t want an exchange that leaves you vulnerable to cyber threats and fraud. An exchange should have top security features such as two-factor authentication, advanced encryption, and cold storage. Opt for a non-custodial wallet to have more control over your crypto assets. You also trade on different exchanges and manage your portfolio.
  • Market reputation– Market reputation matters for the credibility of a crypto exchange. For example, you must avoid exchanges with frequent customer complaints about security issues. You can look up user reviews and testimonials to gain insights into an exchange’s reputation.
  • Trading commission– You require an exchange that gives you value for your investment. Choose a crypto exchange with low spread fees and fixed charges. It gives you the flexibility to do more with your investment. Otherwise, you’ll lose more than you gain.

FAQs

Below are the best australian crypto exchange:

Best Crypto Trading Platform in Australia

Tool Best feature Deposit fee Withdrawal fee Free trial Link
Zengo Lowest transaction fees. $0(Free) $0 (Free) Free account, with non-custodial crypto storage for money guarantee, without time limits. Learn More
Uphold Instant crypto-to-crypto exchange. $0 (Free) except for a 2.49% charge on debit cards and 3.99% on credit cards. $0 (Free) except for a network fee between crypto wallets. Available, with instant withdrawals. Learn More
Luno Industry-leading crypto assets security. $0(Free) $0(Free) Bank transfers and a 0.75% charge on other withdrawal options. Free account with instant withdrawals. Learn More
DigitalSurge Manage your crypto portfolio with help from industry experts. $0(Free) $0(Free) Free account, with partial and full refunds. Learn More
ChangeNow Private cryptocurrency swaps. From 0.5% $0(Free) Free account with a refund guarantee on the original address. Learn More