Choosing the right cryptocurrency exchange in Australia can feel overwhelming. With so many platforms offering different features, fees, and security levels, it’s essential to find one that aligns with your trading goals and experience level. Whether you're a beginner looking for an intuitive interface or an advanced trader interested in derivatives and margin trading, this guide breaks down the top six crypto exchanges in Australia based on usability, security, supported assets, and more.
We’ve evaluated each platform using key criteria like deposit methods, trading fees, user experience, customer support, and availability of advanced tools. Here’s our expert-reviewed list of the best crypto exchanges for Australians in 2025.
Top 6 Crypto Exchanges in Australia
1. Swyftx – Best Overall Crypto Exchange
Swyftx stands out as the most user-friendly and highly rated crypto exchange in Australia. With over 4,600 Trustpilot reviews averaging a 4.6/5 rating, it's clear that users appreciate its reliability and ease of use. The platform supports over 350 cryptocurrencies and allows direct AUD deposits via bank transfer, POLi, PayID, credit/debit cards, and crypto transfers.
One standout feature is the built-in demo trading mode, which gives beginners $10,000 in virtual funds to practice without risk. This makes Swyftx ideal for those new to digital assets. Additionally, the platform integrates TradingView charts, offering advanced technical analysis tools for experienced traders.
👉 Discover how Swyftx compares with other top platforms for Australian traders.
Key Features:
- No deposit fees for AUD
- Customizable dashboard and crypto bundles
- Low trading fees (0.1%–0.6%)
- Strong customer support and educational resources
Limitations:
- No margin or leverage trading
- 3.6% fee on credit card purchases
Swyftx is perfect for investors who want a balanced mix of simplicity, variety, and strong community trust.
2. Bybit – Top Choice for Advanced Traders
Bybit has gained popularity among Australian traders due to its powerful tools for derivatives and margin trading. It supports up to 100x leverage on spot, perpetual, and futures markets, making it a go-to platform for active traders seeking high-reward opportunities.
Although Bybit doesn’t allow direct AUD deposits, users can easily transfer crypto from local exchanges like Swyftx or CoinSpot. Once funded, they gain access to low trading fees (starting at 0.01% for makers), crypto bots for automated strategies, and a sleek mobile app with real-time data.
Why Traders Love Bybit:
- Industry-leading leverage options
- Advanced order types and risk controls
- Integrated TradingView charts
- Earn programs for passive income
Drawbacks:
- No native AUD banking integration
- Interface may be too complex for beginners
👉 See how Bybit stacks up against other platforms with advanced trading tools.
If you're looking to take your trading strategy further with futures or algorithmic bots, Bybit is a top contender.
3. Binance – Best for Altcoin Selection
Binance remains one of the largest global exchanges and offers the widest range of altcoins available to Australian users. From emerging tokens to major DeFi projects, Binance provides unparalleled access to diverse digital assets.
The platform supports fiat deposits in AUD through various channels and offers features like staking, savings accounts, crypto-backed loans, and even a Binance Visa card for spending crypto worldwide. Its robust security infrastructure includes two-factor authentication, cold storage, and a dedicated insurance fund.
Advantages of Binance:
- Over 1,000 tradable cryptocurrencies
- Competitive trading fees starting at 0.1%
- Multi-platform access (web, desktop, mobile)
- Extensive educational content and research tools
Considerations:
- Complex interface for beginners
- Limited local customer support
For investors focused on exploring beyond Bitcoin and Ethereum, Binance delivers unmatched variety and liquidity.
4. eToro – Ideal for Social and Copy Trading
eToro excels in social investing, allowing users to copy top-performing traders automatically. This feature makes it especially appealing to newcomers who want to learn by following experienced investors.
The platform offers a clean, intuitive design and includes a free demo account with $100,000 in virtual funds. While eToro supports fewer cryptocurrencies than competitors, its social tools—like idea sharing, performance tracking, and portfolio replication—are second to none.
eToro Highlights:
- World-class copy-trading functionality
- User-friendly interface
- Strong regulatory compliance (ASIC-regulated)
Downsides:
- Currency conversion fees apply
- Smaller selection of tradable cryptos
Perfect for those who value community-driven investing and hands-off portfolio management.
5. KuCoin – Best for Early Access to New Tokens
KuCoin earns its spot by listing new ICOs, IDOs, and emerging tokens faster than most exchanges. With over 700 assets and 1,300 trading pairs, it's a hotspot for early-stage crypto speculation.
Though it doesn't support direct AUD deposits, users can transfer crypto from Australian-friendly platforms. Fees are competitive (0.1% standard), with reductions based on trading volume or KCS token holdings.
Pros of KuCoin:
- Rapid listing of innovative projects
- Support for Web3 wallets and staking
- Futures trading with low taker fees
Cons:
- No AUD banking options
- Inconsistent customer service
Ideal for seasoned investors hunting for the next big altcoin before it hits mainstream exchanges.
6. CoinSpot – Most Beginner-Friendly Exchange
CoinSpot is designed with everyday Australians in mind. Its simple interface makes buying crypto with AUD quick and hassle-free using bank transfers, POLi, PayID, BPAY, or cards. It supports over 370 coins and holds ISO 27001 certification—making it one of the most secure exchanges in Australia.
Features like crypto bundles, SMSF support, and an integrated NFT marketplace add extra value. However, the Instant Buy/Sell function comes with a 1% fee, which is higher than market order alternatives.
Why Choose CoinSpot?
- Trusted local brand with strong security
- Multiple deposit methods
- NFT trading and staking options
Trade-offs:
- Higher fees for instant trades
- Limited advanced trading features
A solid all-rounder for beginners and long-term holders.
Frequently Asked Questions (FAQ)
Q: Are crypto exchanges legal in Australia?
A: Yes, cryptocurrency exchanges are legal and regulated by AUSTRAC. Most reputable platforms also comply with ASIC guidelines to protect users.
Q: Which exchange has the lowest fees in Australia?
A: Swyftx and Binance offer some of the lowest trading fees (as low as 0.1%), though deposit methods and trade type affect overall costs.
Q: Can I buy Bitcoin with AUD instantly?
A: Yes—platforms like CoinSpot, Swyftx, and Binance allow instant purchases using AUD via bank transfer or card.
Q: Is my money safe on these exchanges?
A: Reputable platforms use cold storage, encryption, and two-factor authentication. However, always withdraw large holdings to a private wallet for maximum security.
Q: Do I need to pay tax on crypto trades in Australia?
A: Yes—crypto transactions are subject to capital gains tax (CGT) under Australian law. Keep detailed records of all trades.
Q: Can I trade futures or margin in Australia?
A: Yes—Bybit and Binance offer leveraged products, though they may require international accounts due to local regulatory limits.
Key Factors When Choosing a Crypto Exchange
When evaluating platforms, consider these core aspects:
- Payment Methods: Look for support of AUD deposits via bank transfer, POLi, PayID, or card.
- Trading Fees: Compare maker/taker rates, deposit/withdrawal charges, and hidden costs.
- Security: Prioritize exchanges with insurance, cold storage, and strong KYC policies.
- User Experience: Beginners benefit from simple interfaces; pros need advanced charting and order types.
- Asset Variety: Ensure your preferred coins are available.
- Customer Support: Fast response times and local language help resolve issues quickly.
👉 Compare real-time pricing and features across leading global exchanges today.
Crypto investing offers exciting opportunities—but choosing the right exchange is crucial. Whether you prioritize ease of use, low fees, altcoin diversity, or advanced trading tools, there’s a platform tailored to your needs. Always do your own research, start small, and secure your assets wisely.