Best Crypto Exchange In Australia
A crypto exchange plays a crucial role for any crypto trader in Australia. By choosing a good crypto exchange, you can enjoy higher leverage, access to multiple trading pairs, and low fees. However, when it comes to crypto exchanges, plenty of options are available. So the question is, which is the best crypto exchange in Australia?
Well, to help you find the right exchange for your needs, we have explored the top crypto exchanges in Australia, comparing their features, fees, and benefits to help you make an informed decision.
So let’s go ahead and check them out:
Best Crypto Exchange In Australia
1. Coinbase Australia
Coinbase is one of the oldest cryptocurrency exchanges and has established a strong presence in Australia. Founded in 2012, it has become one of the trusted platforms for buying and selling cryptocurrencies.
The exchange offers crypto spot and derivatives trading via Coinbase Advanced, making it suitable for both investors and traders. For spot trading, you will have access to up to 500+ spot pairs, including Bitcoin, Ethereum, BNB, Solana, XRP, Dogecoin, and more.
In addition, to help you trade efficiently, it supports a wide range of order types, including market, limit, stop limit, and action mode orders. Plus, it is backed by powerful trading tools.
As far as the exchange fees are concerned, Coinbase Advanced charges you 0.0% maker fees. Coinbase doesn’t have a clear fee structure. The fees are calculated at the time when you place your orders. Also, the exact fees can vary depending on your chosen payment method, order size and market conditions.
Talking about the Coinbase Australian regulations, the exchange is permitted to operate in the country and it is registered with AUSTRAC as a digital currency exchange service provider. This allows Australian crypto traders to top up their account directly from their bank account and sell their crypto withdraw funds to their bank accounts instantly.
The exchange is also well protected and secure as it follows your crypto is your crypto policy. As a result, Coinbase doesn’t use or lend your assets without your permission.
2. Coinjar Australia
Coinjar is known as Australia’s best crypto exchange, operating since 2013. The exchange primarily deals in spot trading, so if you are looking to invest in cryptocurrencies, this can be a good option.
The exchange also supports up to 60+ leading cryptocurrencies. These include Bitcoin, Ethereum, Cardano, Solana, XRP and more. Plus, with Coinjar, you can instantly buy crypto using Visa or MasterCard or get cash in your bank account quickly using your PayID or OSKO. It also allows you to convert crypto to crypto with a single click.
Coming to fees, Coinjar charges you different fees for different permissions. For instance, converting fiat to crypto, crypto to fiat or crypto to crypto charges you a 1% fee. For crypto purchases via cards, Apple Pay or Google Fee – there is a 2% charge. Trading on Coinjar charges you a minimum fee of 0.10% as a taker and maker fee.
However, being a spot trading focused crypto exchange it doesn’t support too many order types. Instead you have market and limit order types. But it has a user-friendly interface to conduct your trading activities.
Talking about legality, the exchange is fully registered and compliant with AUSTRAC and the Financial Conduct Authority UK (for AML purposes). Also, Coinjar’s assets are secured by BitGo and Fireblocks which are two of the most respected custody providers in the cryptocurrency space. Plus they maintain full currency reserves at all times, with sufficient assets to cover more than 100% of our customer balances.
3. KuCoin Australia
KuCoin is a globally recognized cryptocurrency exchange which has become a popular choice among Australian traders. The exchange was launched in 2017 and it is known for offering an extensive range of digital assets, advanced trading features, and user-friendly interface.
The exchange lets you trade in both spot and derivatives markets, and it supports over 400 trading pairs, which will help you diversify your crypto portfolio.
Talking about derivatives trading, the exchange supports up to 125x leverage and gives you access to trading pairs like BTC/USDT, ETH/USDT, SOL/USDT, PEPE/USDT and more.
KuCoin is also known for its competitive fee structure. For spot trading, it charges you a maker and taker fee of 0.100% and 0.100%. Additionally, for spot trading there is also a 20% discount on trading fees when you pay your fees using KCS token. So the discounted fee would be 0.080% / 0.080%. Coming to futures fees, it charges you a fee of 0.020% / 0.060%.
However, KuCoin isn’t registered with the local Australian regulations as a result it doesn’t give you access to few services such as KuCoin leveraged tokens. But the exchange still requires you to comply with KYC requirements.
Overall, KuCoin is a reputed exchange platform with strong policies in place to keep your crypto secure. It also uses PoR or proof of reserves for asset transparency.
4. Bitget Australia
Bitget is another global cryptocurrency exchange that is gaining traction among Australian traders. The exchange was launched in 2018, and it is known for offering spot and derivatives trading services.
On the exchange, you will find over 590+ cryptocurrencies that will help you diversify your crypto portfolio. As well as the exchange has all the leading futures trading pairs.
For futures trading, you will get leverage up to 125x with deep liquidity and various order types such as limit, market, post-only etc.
Coming to the fees, Bitget also has competitive trading fees for both spot and futures trading. For spot trading, it charges you a maker and taker fee of 0.100%, respectively. Also, you have a 20% BGB token discount for spot trading. On the other side, for futures, the trading fee stands at 0.020% as a maker and 0.060% as a taker fee.
However, Bitget isn’t registered with the local laws in Australia. However, it is still one of the trusted platforms for buying and selling crypto. The exchange also requires you to complete the KYC process.
As far as the safety of the exchange is concerned, it uses proof of reserves policy. As a result, you can verify your funds on the exchange at any time. Also, it has a Bitget protection fund valued at $350 million. So in case of any mishaps, you don’t have to worry about losing your money.
5. Pionex Australia
Pionex is one of the unique cryptocurrency exchange platforms. It is known for its advanced trading bots. On the platform, you will find various trading bots that can help you with automated trading.
The exchange was launched back in 2019 and it offers you a unique trading experience across spot and futures markets with up to 100x leverage.
It comes with 16 free built-in trading bots, such as a grid trading bot, DCA bot, rebalancing bot, etc. These bots can help you increase your profitability and make money when you are not sitting in front of a screen.
The exchange also supports over 379 tokens, including BTC, DOGE, ETH, SOL, SHIB, and more.
Coming to trading fees, for spot trading it charges you a maker and taker fee of 0.050%. Whereas for futures trading, the maker fee is 0.020% and taker fee is 0.050%.
If we talk about the regulations, there is no clarity about licensing around Pionex. However, it is one of the top crypto exchanges all around the globe, and it has strong security measures in place.
Overall, Pionex is definitely the best crypto trading platform in Australia if you are looking for an automated trading experience.
6. Zipmex Australia
If you are looking for an Australian crypto exchange, Zipmex can be your friend. It is APAC’s largest crypto exchange that is growing extremely fast in Australia.
Zipmex was launched in 2019 and it has quickly gained a reputation for its user-friendly interface, robust security measures, and a wide range of cryptocurrency services.
However, as of today Zipmex only supports a limited number of tokens which includes Bitcoin, Ethereum, XRP and Zipmex Token. Plus, it only offers spot trading services. So if you are an investor and only looking to invest in leading tokens, this can be a help.
While it doesn’t support futures trading, it allows you to stake your tokens and earn up to 12% APY on your crypto.
As far as the fees are concerned, it charges you 0.20% as maker and taker fee. Also, you can enjoy up to 50% discount on trading fees by locking Zipmex tokens.
Moreover, Zipmex adheres to local Australian regulations and is registered with AUSTRAC as a digital currency exchange provider.
7. Bitcoin Australia
Bitcoin Australia is the safest crypto exchange in Australia. The exchange was founded in 2013 and since then it has established itself as one of the reputable platforms to buy crypto. The platform’s primary focus is on providing a user-friendly experience, ensuring that both beginners and experienced traders can invest in crypto efficiently.
Bitcoin Australia is a spot trading exchange, but unlike other platforms, it supports plenty of cryptocurrencies. It supports over 50+ cryptocurrencies, including BTC, ETC< BAT, ZRX, SAND and many more.
One of the best parts of Bitcoin Australia is that you can create a free account and start trading for as low as $10. It also supports various payment methods, such as bank transfers, BPAY, and cash deposits.
As far as the fees are concerned, to buy or sell any crypto, you will be charged a 1% fee for your transactions. Additionally, you will enjoy free deposits of up to $100 on bank transfers. However, there are no charges for deposits made via debit, credit card, or PayPal. Also, there are zero withdrawal fees for bank transfers, but you will be charged $1.50 as a withdrawal fee for PayID/NPP instant.
Being an Australian crypto exchange, Bitcoin Australia is well-regulated in the country and to use the exchange KYC is mandatory. Also, the exchange is registered as Digital currency Exchange with AUSTRAC.
8. BingX Australia
BingX is known as one of the top Australian crypto exchanges. It is a global crypto exchange that was launched in 2018 but made a significant presence in the Australian market. It offers you a comprehensive platform to trade in spot and futures.
With BingX, you can trade in a wide range of cryptocurrencies and trading pairs. For instance, the exchange supports over 750+ tokens that include both leading and new crypto coins such as BTC, ETH, ONDO, FIL, OKB, ADA and many more.
Also, for perpetual futures trading, BingX offers you up to 125x leverage. Additionally, you can use BingX for copy trading.
Plus, it has competitive trading fees. For spot trading, BingX charges you a maker and taker fee of 0.1%. On the other side, for perpetual futures it charges you a maker and taker fee of 0.0200% and 0.0500% respectively.
Furthermore, BingX is also registered as a Digital Currency Exchange (DCE) provider under AUSTRAC. So you don’t need to worry about any regulations. However, KYC is mandatory.
Plus, to offer you a secure trading experience BingX maintains 100% margin reserves which is verified by global authoritative organization Mazards with PoR certifications and reports released. Also, as a user you have various ways to secure your account such as 2FA, Anti-phishing code, fund password etc.
9. Banxa Australia
Banxa is a different crypto exchange compared to the other names in the industry. It is basically a fiat to crypto payment service provider that is known for offering a seamless and secure crypto purchasing experience.
The service was founded in 2014, and it acts as a trusted bridge between traditional financial systems and the crypto world.
It offers you an easy to use user friendly platform where you can purchase cryptocurrencies such as Bitcoin, USDT, Ethereum, DOGE and a few other coins with Australian dollars. Or you can sell your cryptocurrencies for fiat.
Additionally, to buy or sell crypto on the platform you are required to provide your crypto wallet address or connect your wallet. Unlike other exchanges, your funds are not stored on the exchange’s wallet. As a result, if you are a newbie to the crypto world the whole process may seem a little complicated to you.
For payments, it supports a wide range of methods that includes bank transfers, credit and debit cards, Apple Pay, Google Pay etc. However, trading on Banxa is much more expensive compared to an actual exchange as it charges you gateway fees and network fees.
Moreover, Banxa is registered with AUSTRAC and to use the platform you will first need to complete your KYC process.
While the service doesn’t store any crypto on its platform, it still has strong security measures in place such as encryption and secure payment processing, to protect your personal and financial information.
10. Huobi Australia
Huobi Global, now known as HTX, is one of the leading crypto exchanges in Australia. The crypto exchange was established in 2013, and it has grown to become one of the largest and most trusted exchanges worldwide, known for its extensive range of digital assets, advanced trading features, and robust security measures.
Huobi Australia offers access to a vast selection of cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as a wide variety of altcoins. The platform is designed to cater to both novice and experienced traders, featuring an intuitive interface and sophisticated trading tools such as spot trading, futures trading with up to 200x leverage, staking, and margin trading.
Now coming to its competitive trading fees, the exchange follows a tired fee structure and it charges you 0.2000% as maker and taker fees for spot trading. And for futures trading, the fee stands at 0.0200% as maker and 0.0600% as taker fees. Additionally by using HTX or TRX tokens you can reduce your trading fee up to 25% for spot and 5% for futures.
Furthermore, HTX Australia adheres to local regulations. Huobi is registered in Australia as a Digital Currency Exchange provider with AUSTRAC. Also, to use the platform, you will need to complete the KYC process.
Also, to provide you a secure trading experience Huobi regularly conducts Proof of Reserves audits to ensure that their assets are safeguarded with abundant reserves.
11. Changelly Australia
If you are looking for a straightforward way to buy and sell cryptocurrencies, then Changelly is a good option. It is a well-established company founded in 2015 that lets you buy/sell crypto tokens with a single click.
Unlike other crypto exchanges, Changelly is a different kind. It offers you a spot trading service and lets you buy crypto with a credit card or swap one crypto for another.
But underneath it is a non-custodial crypto exchange – this means the exchange doesn’t store any crypto on its platform. But it acts as a platform for facilitating crypto transactions and you will need to use your crypto wallet. Hence, as a newbie it might be too complicated for you to use the platform.
However, using Changelly you can trade across 700+ crypto tokens such as BTC, ETH, TON, 1INCH, SOL and many more.
Talking about the trading fees, Changelly has fixed and floating trading fees and there is no set percentage of fees that it charges. Instead, the trading fee or processing fee depends on different factors like currency pair, trading amount etc. You can easily look that up while making a transaction on the platform.
Furthermore, trading on Changelly requires you to complete the KYC process. However, Changelly won’t take much time to complete the KYC process. Also, the exchange is registered in Australia and free to operate in the country.
Overall, Changelly Australia is backed by robust security protocols and ensures user safety. However, the platform is more suited towards seasoned investors than crypto traders.
12. Bitstamp Australia
Bitstamp is another leading Australian crypto exchange. Established in 2011, it is one of the oldest crypto exchanges globally and has a strong reputation for security and reliability.
With Bitstamp Australia you will get access to a diverse selection of cryptocurrencies. It supports up to 101 crypto tokens that includes BTC, ETH, XRP, ADA, SHIB, DOGE and many more.
However, Bitstamp is a spot trading exchange which is only suitable for the crypto investors and not traders. But it allows you to grow your crypto portfolio through services like staking and lending. With staking you can get up to 3.10% APY with flexile duration. Or you can lend your crypto and earn up to 4.40% APY.
The exchange also offers you advanced trading experience by offering you features such as limit orders, market orders, and stop orders. So if you are an experienced investor or trader, these tools will definitely come in handy. Moreover, you will also get access to comprehensive charting tools and real-time market data.
As Bitstamp focuses heavily on security, you will get a secure investing experience. The exchange has institutional grade security protocols in place, and it keeps 95% of the funds offline. Plus, you have plenty of options to secure your account.
As far as the regulations are concerned, the exchange is registered in Australia, and it is free to operate in the country.
13. Bitpanda Australia
If you are looking for an all in one investing platform, then Bitpanda can be a great option. It is not only a crypto exchange but an investment platform that has extended its services to Australia. The crypto exchange was founded in 2014 in Austria and it allows you to invest in various markets such as crypto, stocks, ETFs, crypto indices and more.
Bitpanda Australia provides access to a broad selection of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), as well as numerous altcoins. This extensive range allows users to diversify their investment portfolios and explore different digital assets.
To help you grow your crypto assets, Bitpanda also provides you staking service and allows you to earn up to 26% APY.
As far as the fees are concerned, it charges you a premium of 1.49% for buying and selling cryptocurrencies. Also, all the premiums for the purchase and sell of crypto assets are included in the offered price.
The exchange is also suitable for both newbies and experienced traders. it comes with an intuitive user interface and you will easily be able to navigate through the platform and execute your orders.
Furthermore, Bitpanda is committed to regulatory compliance and it adheres to local laws and regulations to ensure a secure and transparent trading environment. So as an Australian user, you don’t have to worry about anything while using the platform.
Additionally, to provide you with a safe trading experience, all the funds are secured in offline wallets and meet IT and money laundering security standards.
14. Phemex Australia
Phemex is a rapidly growing cryptocurrency exchange that has gained significant attention in the global market as well as in Australia. The crypto exchange was established in 2019 by a group of former Morgan Stanley executives and it is known for its high-performance trading platform.
Phemex Australia provides access to a wide variety of cryptocurrencies. It supports over 336 spot pairs that includes major ones like BTC, ETH, SOL, TRX and other altcoins such as LTC, INJ etc. Thanks to this extensive range of pairs availability you can diversify your crypto portfolio.
The exchange also supports futures trading and offers you access to all the leading perpetual futures pairs with deep liquidity. Also, for futures trading, you will enjoy a leverage of up to 100x. Plus, on the exchange, you will find advanced charging tools and technical indicators.
To help you earn more, Phemex also offers you a staking service which allows you to earn APY as high as 436.81% or you can generate stable income with a crypto savings account.
Coming to the trading fees, for Spot(standard) you will get charged 0.1% as maker and taker fees. Also, it offers you a 20% discount when you use PT to pay for the fees. For the Contract(standard), the fee is 0.018% for the maker and 0.055% for the taker, along with a 10% PT discount.
Phemex is also available in Australia, so you won’t have trouble using the exchange. Also, being a reputed platform. It also has a Proof of Solvency policy that confirms the secure storage of your assets and liquidity each month.
15. Cex.io Australia
CEX.io is another prominent cryptocurrency exchange that established a strong presence in Australia. The exchange is known for offering a variety of trading options to its users, it was established in 2013, and is based out of London.
CEX.io is primarily a spot trading exchange and it does not support futures trading. So it is more suited for crypto investors than traders.
However, as an investor the platform makes it super easy for you to buy, sell, hold and earn cryptocurrencies. It offers you access to 300+ cryptocurrencies that includes BTC, ETH, BCH, MATIC, LTC and many more.
Also to help you buy crypto easily, it supports a wide range of payment methods such as debit and credit cards, Google/Apple pay, Skrill, PayPal and so on. However, depending on your payment method you will be charged a service fee.
As far as the fee schedule is considered, it follows a tiered fee structure. This means, the trading fee will vary depending on your 30 days trading volume across all trading pairs. However, as a basic user with less than $10,000 worth of trading volume you will be charged a taker and maker fee of 0.25% and 0.15% respectively.
Talking about the regulations, there is no clarity on what sort of licenses Cex.io holds in the region. However, as a user you still need to complete your KYC process.
16. Bybit Australia
Bybit is one of the cheapest crypto exchanges in Australia. It has gained significant traction in the country and is known for offering spot and derivatives trading services. The exchange was founded in 2018 and is headquartered in Singapore.
Bybit supports over 500+ cryptocurrencies, including leading coins and altcoins such as BTC, SOL, ETH, MATIC, PEPE, DOT, MNT, and many more. As well as you will find plenty of futures trading pairs with deep liquidity. Also, for futures trading, you will get up to 100x leverage.
To help you trade effectively, Bybit also supports a wide range of order types such as limit, market, change limit order, TWAP, Iceburg, scaled order etc.
Bybit is also known for its competitive trading fees, and it follows a tiered fee structure. This means your trading fee will depend on your 30 days trading volume. For spot trading, Bybit charges you a taker and maker fee of 0.1000%. On the other hand, for perpetual and futures contracts trading, the taker fee is 0.0550% and 0.0200%.
As far as the regulations are concerned, Bybit is allowed to operate in Australia, and it holds the required license. Thanks to this, you can easily buy or sell crypto through Google Pay or Apple Pay. Additionally, the exchange also requires you to complete your KYC process.
Overall, Bybit is a secure trading platform as there is a 1:1 reserve for all user assets on the platform. Also, it publishes the reserves reports from time to time in a transparent manner.
17. Binance Australia
Binance, one of the largest cryptocurrency exchanges globally that also has established a strong presence in Australia under Binance Australia brand name. To make it clear, Binance and Binance Australia are two different entities.
The exchange was founded in 2017, and it has rapidly grown to become a leading platform due to its extensive range of services, robust security features, and user-centric approach.
Talking about Binance Australia, the exchange only offers its spot trading service in the country. As a result, you can buy and sell a wide range of cryptos easily. It supports crypto coins such as BTC, ETH, MATIC, SOL, BNB and many others. Thanks to this diverse support of crypto tokens, you will get to diversify your portfolio.
While the exchange does not support derivatives trading, it has support for crypto bots and copy trading. This will help you to automate your trading activities.
Talking about the fees, Binance also follows a tiered fee structure and for spot trading you will need to pay a maker and taker fee of 0.1000%. However, the exchange also offers you 25% BNB token discount, so the discounted maker/taker fees would be 0.0750%.
Now, regarding regulations, Binance Australia has been registered as a Digital Currency Exchange provider by AUSTRAC. So it is completely safe to use the platform for your crypto trades. Also, you are required to complete your KYC before you can start using the platform.
To offer you a safer trading experience, Binance user assets are fully backed with at least 1:1. Also, a vast majority of the exchange funds are stored in cold wallets. Plus, you have various security features to protect your account as a user.
What Is the Best Cryptocurrency Exchange in Australia?
The best cryptocurrency exchange in Australia can vary based on individual needs, but several platforms consistently rank highly due to their features, fees, security, and user experience. As of today, some of the top exchanges include CoinSpot, CoinJar, Binance, and Kraken.
How Many Crypto Exchanges Are There?
As per CoinMarketCap, there are around 252 spot exchanges, 101 derivatives crypto exchanges and 493 decentralized exchanges or DEX. Also, the total number of exchanges keeps fluctuating as new platforms emerge and others shut down or merge.
Which Crypto Exchanges Are Insured?
In Australia, several crypto exchanges offer insurance coverage to protect user assets. Among these, CoinSpot, Kraken, and Swyftx are some of the most popular and secure trading platforms. All these exchanges are registered with AUSTRAC and known for their robust security measures.
Which Crypto Exchange Is Legal in Australia?
There are quite a lot of crypto exchanges that are registered with AUSTRAC and legal to operate in Australia. To name a few, Kraken, Coinspot, Bitcoin Australia, Binance Australia, and Coinbase are some of the legal crypto exchanges.
Can You Withdraw Crypto in Australia?
Yes, you can withdraw cryptocurrency in Australia. Most major cryptocurrency exchanges operating in Australia offer withdrawal services for both fiat and cryptocurrencies. As a result, Australian users can withdraw Australian dollars (AUD) directly to their bank accounts.
Is Australia Crypto Friendly?
Yes, Australia is generally considered to be crypto-friendly. The country has established a regulatory framework that supports the use of cryptocurrencies while ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. To operate in the region, cryptocurrency exchanges in Australia must register with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Conclusion
When choosing the best crypto exchange in Australia, compare their trading features, trading fees and other features. You should know that each platform caters to different needs, so choose an Australian crypto exchange that meets your needs.
