10 Best Crypto Exchanges In Australia For January 2025

While we already have a list of the best crypto exchanges, this one is specific to Australia. So, picking the best Australian exchange means finding one that meets your specific trading needs—whether you’re a beginner, seasoned trader, or somewhere in between. Here’s a review of some of the best crypto trading platforms in Australia. Interestingly, all crypto exchanges on this list are regulatory compliant. 

The first on our list, Virgo, is one the best crypto exchanges in Australia that caters to both beginners and experienced traders. The platform is backed by an AUSTRAC license, and offers a good environment for trading your cryptocurrencies. What makes it a good crypto exchange in Australia? If you’re an advanced crypto trader, you can enjoy features like OTC trading, which makes sense for people involved in high trading volume. 

In addition, Virgo supports around 80 cryptocurrencies. Although this number pales in comparison to exchanges like Kraken, you can easily access popular altcoins on the Australian exchange. Virgo also supports free instant AUD deposits via multiple methods such as PayID and bank transfers. 

Furthermore, Virgo offers competitive trading fees ranging between 0.5%-0.95%. Their reward program is another reason to use this exchange, especially if you are interested in passive income. They’ve got Virgo Boost, which offers rewards, not for trading, but for carrying out certain tasks on the app. Then, there’s the Virgo mobile for on-the-go trading. The app has a nice interface, making it easy to trade. How’s their security? Pretty tight. They use both 2-factor authentication and multi-factor authentication. 

Swyftx is one of the best Australian exchanges that we’d recommend for locals. If you are based in Australia, then Swyftx is one of the easiest ways to trade crypto. They are regulated by AUSTRAC (Australian Transaction Reports and Analysis Centre). This means there are no regulatory concerns involved in using them. For those interested in trading crypto cheaply, Swyftx offers a competitive fee structure. Check this out; their trading fees start at 0.06% and can even drop lower depending on your trading volume over the last 30 days. This fee structure makes Swyftx one of the best crypto trading platforms in Australia for both beginners and advanced traders. 

Depositing funds into a Swyftx crypto exchange account is simple and cost-effective, especially for Australian users. Bank transfers, PayID, and card deposits are all supported for AUD deposits, with no additional trading fees for bank transfers or PayID transactions. It is important to note that there’s a small fee for card deposits, and that’s because of third-party processing. Furthermore, withdrawals in AUD are free and unlimited once verified. This flexible and affordable approach to managing AUD deposits and withdrawals makes Swyftx a leading option among crypto trading platforms for Australian investors, especially those wanting easy access to fiat currency.

Swyftx also offers advanced trading features that appeal to traders with more experience. Their demo trading feature lets you test strategies in real-time without risking your money, making it a valuable tool for both learning and getting better. They offer other features like Auto Invest that enables recurring investments across multiple assets. Then, there’s the Bundles option that lets you diversify your crypto portfolio with ease. Security is also a big deal on Swyftx. They leverage methods such as two-factor authentication and offline cold storage for 90% of user funds.

CoinSpot is one of the best crypto exchanges in Australia and has been around since 2013. They support over 500 cryptocurrencies. Their wide coverage makes them a good digital assets platform, especially for locals interested in exploring multiple coins. CoinSpot claims to be used by millions of users, especially in Australia, and that doesn’t come as a surprise seeing that they are registered with AUSTRAC, which means they hold an Australian financial services license. So, they are super legit.

How user-friendly are they? Very user-friendly. Their crypto exchange interface is pretty straightforward. So, a newbie can easily navigate the exchange account. CoinSpot offers a competitive trading fees structure among Australian exchanges. The digital assets platform charges a 1% flat fee on trades. Interestingly, there are several deposit funds options available on the exchange, including PayID, PayPal, PayTo, card deposits, and cash deposits. Bank transfers and PayID deposits are free of charge. However, cash and card deposits incur extra fees. 

What services are available on the exchange? CoinSpot offers an impressive list of services such as staking, NFT marketplace and a multicoin wallet. They also offer a referral and affiliate program, allowing you to earn extra crypto rewards for referring your friends and other users. What else sets them apart? CoinSpot prioritizes security measures, making them one of the safest crypto exchange options among Australian crypto exchanges. The exchange is certified by Blockchain Australia and has also gotten ISO 27001 certification for information security. 

CoinJar is one of Australia’s oldest crypto exchanges, and a top platform with stringent security measures. Coinjar offers solid support for Australian users, despite being available in other regions. Navigating the trading platform isn’t complex, thanks to their well-designed interface. Although it supports around 60 cryptocurrencies, CoinJar makes up for this by providing a super safe trading environment. The exchange stores over 90% of customer funds offline in security-tight locations. It also uses multi-sig wallets for extra safety. 

In terms of their ease of use, you can trade on CoinJar with as little as $10. Furthermore, CoinJar supports multiple currencies for deposits including GPB, AUD, and EUR. The digital assets platform also provides multiple deposit methods including crypto transfer and bank transfers. CoinJar makes spending crypto effortless with its CoinJar Card—a prepaid Mastercard that enables users to use cryptocurrencies like cash, both online and in-store, without any monthly fees. Plus, the card syncs with Apple Pay and Google Pay for smooth transactions.

Another standout feature is CoinJar Bundles, designed for crypto investors interested in themed baskets of digital assets. These bundles simplify portfolio diversification and support automated investing through dollar-cost averaging, making it easier to enter the crypto space without heavy lifting. For more active traders, CoinJar Exchange, their advanced trading platform, offers reduced trading fees that vary based on trading volume. This makes CoinJar appealing to both beginners and advanced investors alike. Beyond spot trading, CoinJar provides portfolio tracking tools and a mobile app for easy trading on the go.

Independent Reserve is one of the best crypto exchanges in Australia, especially known for its strong security measures and regulatory compliance. This Australian crypto exchange is licensed by AUSTRAC, making it a trusted option for crypto investors seeking a compliant and safe platform. Independent Reserve is also ISO 27001 certified, showing its commitment to high security standards. Although the exchange only supports 30 cryptocurrencies, it makes up for this via other services and nice features. Users can benefit from competitive trading fees that range from 0.5% to as low as 0.02%, depending on trading volume. Independent Reserve provides users with the flexibility of multi-currency trading. It supports four major fiat currencies including AUD, NZD, USD, and SGD). Deposits are available through PayID, Osko, and Swift, providing a range of reliable payment options for Australian investors.

A key attraction for many is Independent Reserve’s advanced trading features. The platform supports a variety of trading strategies, including AutoTrader, which allows users to automate investments using dollar-cost averaging (DCA). This feature is particularly popular among users who prefer consistent investments over time. Independent Reserve also includes portfolio tracking tools, making it easy for users to monitor their crypto holdings and trade performance. Despite lacking in its support for multiple cryptocurrencies, Independent Reserve is a good choice for experienced traders, high-net-worth individuals, and self-managed super funds (SMSF). Some of its popular features include over-the-counter (OTC) trading and detailed tax reporting tools. These advanced trading tools work for Australian investors seeking more than just buying and selling crypto.

Why else do we have Independent Reserve on this list? They have stringent security measures. Security is a big deal when selecting an exchange, and the Independent Reserve offers both regulatory security and technical security. In addition to its AUSTRAC regulation and ISO certification, the platform provides insurance fund against large-scale hacks, which is rare among crypto exchanges in Australia. 

Over 350,000 Australians use BTC markets. What makes it a good Australian crypto exchange? First, making your deposit is pretty easy. The platform supports multiple deposit channels. Some of the widely used options are card deposits, PayID and direct deposits. The platform caters to both retail ( regular users) and institutional users, meaning you can access both simple and advanced trading tools on the exchange.  Users can access advanced order types such as limit, market, stop limit and dollar cost averaging.

However, their support of only 36 cryptocurrencies is a major drawback, especially for traders with large appetite and high trading needs. Regardless, you can access the major coins like Bitcoin, Ethereum and even stablecoins like USDT on BTC markets. Like most exchanges on this list, BTC markets is backed by ISO 27001 certification and AUSTRAC registration. Interestingly, the trading platform boasts an impressive 99.99% uptime, meaning you can enjoy reliable execution on the exchange. 

Furthermore, an OTC trading desk is available for handling large transactions, particularly for institutional clients. Still, users may find the platform’s selection of advanced trading features and supported cryptocurrencies narrower than what’s available on international exchanges like Binance. We recommend BTC Markets for locals interested in using a regulatory-friendly cryptocurrency exchange with decent security measures. Some of their security features include the use of biometrics, 2FA, and address whitelisting. 

Coinbase is a global exchange but has a strong presence in Australia, making it one of the safest crypto exchange in Australia. With Coinbase, Australians have a good platform to buy, sell and even store their digital assets. Aussies can access over 200 cryptocurrencies on Coinbase, including popular coins like ADA, BTC, and Ether. 

There are lots of benefits to using Coinbase for both newbies and experienced traders. The exchange offers detailed educational resources to help improve market knowledge. Furthermore, Coinbase offers a mobile app for flexible trading. However, fees on Coinbase could be higher compared to other Australian exchanges. Regardless, Coinbase is a good crypto exchange in Australia. 

The exchange has a good interface, making it accessible and usable. In addition, deposits on the Coinbase platform are straightforward and smooth. Supported payment methods for deposits include PayID and bank transfers, allowing users to easily fund their exchange accounts in Australian dollars. Furthermore, Coinbase has a strong reputation for regulatory compliance. So, the cryptocurrency platform under AUSTRAC guidelines. 

Kraken provides access to over 200 coins as well as features such as spot trading, margin trading with as much as 5x leverage. Kraken is one of the best crypto leverage trading platform in Australia. Kraken also has an AUSTRAC license, making it safe for Australian investors to use. Furthermore, the exchange holds SO 27001 certification, showing its commitment to security.

Kraken is a good option for Australian investors interested in advanced trading features. Besides margin trading and derivatives trading, Kraken also provides access to multiple order types, market analysis tools as well as charting tools. Kraken supports multiple trading pairs, making it ideal for people looking to diversify their crypto portfolio. 

Furthermore, moving funds in and out of the exchange is pretty smooth. Kraken supports deposit methods like Osko bank transfers, PayID. In addition, users can also enjoy free and fast AUD deposit and withdrawals. Fees are also transparent. Kraken charges 0%-0.16% for makers and 0.10%-0.26 for takers. The low fees make it a top low-fee cryptocurrency exchange globally.

Crypto.com is a top choice among Australian crypto exchanges thanks to its massive crypto selection, competitive fees, and decent features tailored to both beginners and experienced traders. The exchange is AUSTRAC-registered, meaning it meets Australian regulatory standards. Locals can access over 350 coins on Crypto.com, giving them good options for trading, investing, or even staking. Furthermore, Crypto.com provides easy deposit methods like PayID and the Crypto.com Visa card. This way, Australians can easily move funds in and out of the platform and even spend their crypto on everyday purchases.

Crypto.com is designed with competitive trading fees that range from 0.0% to 0.75% for maker fees and 0.05% to 0.075% for taker fees. This fee structure is particularly beneficial for those engaging in high-volume trading. Additionally, Australians can access advanced trading features like and margin trading on Crypto.com. What else makes Crypto.com one of the best Australian crypto exchanges? It offers several ways to get rewards as well as good staking options. 

Last on our list, eToro is the best social trading platform in Australia, and the best crypto exchange Australia for users interested in copy trading. eToro offers more than cryptocurrency on its platform. Users can access commodities, ETFs, and equities. However, crypto traders can access around 80 pairs. 

The platform’s biggest feature is its CopyTrader function which helps users copy the strategies of more experienced traders. Also, fees on eToro are transparent. The exchange imposes a 1% fee on trades, showing that the platform is straightforward in its pricing. eToro also offers deposit methods such as bank transfer, credit/debit cards, and PayID, making it easy for Australians to add funds to their exchange account. eToro’s multi-asset support, combined with its educational resources, makes it a great choice for users aiming to grow both their crypto knowledge and portfolio.

Regulatory compliance

Australia takes regulation and compliance seriously. So, ensuring you use an exchange that’s licensed by Australian regulators is a priority. Look for exchanges that are registered with AUSTRAC, the Australian Transaction Reports and Analysis Centre, as this ensures they adhere to strict anti-money laundering and counter-terrorism financing laws. Regulatory compliance not only protects your investments but also adds a layer of legitimacy and trust to the exchange. Always check if the exchange has the necessary licenses and is transparent about its operations.

Security measures

Security plays an important role when selecting a crypto exchange. Always ensure you use an exchange with good security measures such as two-factor authentication (2FA), cold storage for customer funds, and regular security audits. These measures help protect your digital assets from hacks and breaches, which are common in the crypto industry. Furthermore, a good crypto exchange should offer insurance against large-scale hacks, providing a safety net for crypto investors and ensuring peace of mind while trading.

Fee structure

The whole idea of trading is to make profit. Some crypto exchanges charge fees that are outrageous, while some have hidden fees that often eat into your profit. So, before using any exchange, compare competitive trading fees, withdrawal fees, and deposit fees across different exchanges in Australia to find the best crypto exchange for your needs. Some exchanges charge a flat fee, while others use a tiered system based on your trading volume, affecting how much you pay in trading fees. Ensure you analyze these costs to help you maximize your profit. 

Available Cryptocurrencies

It’s important to ensure you use an exchange that offers the coin you are interested in. Australian exchanges like BTC Markets, CoinJar, and eToro offer significantly fewer coins than exchanges like Coinbase, Kraken and Crypto.com. This means you are less likely to diversify your portfolio or easily access new low-cap altcoins on these best crypto exchanges. The best crypto exchanges often update their listings to feature trending coins. Ensure you use a platform that allows you access a variety of trading pairs to improve your portfolio. 

 User Experience and Support

Some of the best Australian crypto exchanges offer user-friendly interfaces and provide responsive customer support. Ensure you use a platform that’s easy to navigate for both newbies and experienced traders. Platforms like eToro have good user interfaces. In addition, it’s important to use exchanges that offer advanced features such as portfolio tracking, market news, and charting tools. Furthermore, look for exchanges with multiple support channels like live chat and phone support. This makes your experience a lot easier.

Deciding on the best Australian crypto exchange depends on your trading needs. Crypto traders often have different needs, requiring you to compare crypto exchanges. Different crypto exchanges like Swyftx and CoinSpot are popular choices among Australians who value good security. Swyftx in particular, provides low fees and is ideal for both beginners and experienced traders. Similarly, CoinSpot supports a wide selection of coins, making it good for experienced traders seeking to diversify their portfolios. 

BTC Markets, one of Australia’s oldest digital currency exchange is another good option. It provides good local support and trading features. Others like Coinbase Australia, and Kraken are great options for both beginners and advanced traders. Both exchanges offer quality features and competitive fees. 

Australia regulates centralised crypto exchanges to protect consumers while ensuring the growth of the crypto industry. The Australian Securities and Investments Commission (ASIC) oversees platforms offering crypto-related financial products. ASIC requires even the best crypto exchanges to adhere to established financial services regulations.

 For instance, any cryptocurrency exchange providing services like leveraged trading may need an Australian Financial Services License (AFSL), ensuring they operate transparently and protect investor interests. Furthermore, Australia requires exchanges to register with AUSTRAC, and maintain transparent records, verify users, and comply with anti-money laundering regulations. 

How are crypto profits taxed in Australia?

The Australian government is pretty clear on crypto tax. Australia treats crypto profits as part of Capital Gains Tax (CGT). This means any sale, trade, or conversion of crypto assets is a CGT event, and gains are taxed similarly to other investments. Holding an asset for over 12 can qualify you for a 50% discount on the capital gain. Suppose you bought 0.5 Bitcoin for $20,000 and later sold it for $35,000. Your capital gain in this case would be $15,000 ($35,000 – $20,000). If you held the Bitcoin for over 12 months before selling, you’d be eligible for a 50% CGT discount. This means you would only need to report $7,500 (50% of $15,000) as taxable income.

For those using crypto in their business, profits are taxed as ordinary income instead. The Australian Taxation Office (ATO) requires you to meticulously keep records for all crypto transactions, including details of each transaction, dates, prices, and fees involved. Crypto earned from staking or airdrops is also considered taxable income and must be reported as such.

Buying crypto is pretty straightforward in Australia. First you  select an exchange. For this example, we’ll use Swyftx. Here are the simple steps:

1. Visit the Swyftx website and click on Sign up. Enter your email, create a password, and complete the required KYC verification (proof of identity and address) to comply with Australian regulations.
2. Deposit funds. Here, you’ll select your preferred deposit method. It could be a bank transfer, PayID or credit card. Next, you enter the amount you want to deposit.
3. Head to the trade tab and select your preferred cryptocurrency.
4. Confirm your purchase and click “Buy” to finish up. The crypto will appear in your wallet shortly. 

There are lots of crypto exchanges in Australia. We’ve highlighted the best crypto exchange Australia in this article. Platforms like CoinSpot, Kraken, Coinbase, Crypto.com, and Swyftx offer a wider selection of coins and features, making them ideal for advanced traders. Australian exchanges like BTC Markets, Independent Reserve, Virgo, CoinJar, and eToro are more suitable for beginners still learning the trading ropes.