The 10 Best Crypto Exchanges in Australia (Expert Verified)

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When it comes to buying, selling, and investing in cryptocurrency, choosing the right platform is critical. With so many options available, selecting the best crypto exchange in Australia means finding one that balances security, ease of use, low fees, regulatory compliance, and a wide range of digital assets.

As regulations evolve—particularly under the watch of the Australian Securities and Investment Commission (ASIC)—exchanges are increasingly required to register and comply with local laws. This shift makes it even more important to choose platforms with strong compliance records and transparent operations.

Our expert team has evaluated dozens of exchanges based on real-world testing, security protocols, fee structures, user experience, and market reputation. Below is our curated list of the top 10 crypto exchanges trusted by Australian investors.

1. Crypto.com – Best for Rewards

Crypto.com has cemented its place as one of the most popular exchanges in Australia—thanks to high-profile sponsorships, global expansion, and innovative financial products like its metal Visa debit cards.

These cards allow users to spend crypto directly at over 300,000 merchants worldwide while earning up to 10% cash back. Both physical and virtual card options are available for Australian users.

The exchange supports over 250 cryptocurrencies and offers competitive trading fees starting at 0.075%, which can drop to zero for high-volume traders. Its intuitive interface caters to beginners and experienced users alike.

👉 Discover how you can earn rewards while spending crypto every day.

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Verdict: If you're looking to integrate crypto into daily spending and maximize rewards, Crypto.com leads the pack.

2. Bybit – Best for Automated Trading

Bybit stands out for traders who want advanced automation tools. It offers customizable trading bots, preset strategies, and an AI-powered assistant called TradeGPT, which helps analyze markets and execute trades through conversational prompts.

Australian traders gain access to futures, margin trading, derivatives, staking, and managed portfolios—all with fees ranging from 0.02% to 0.1% depending on volume.

This platform is ideal for those with some trading experience who want to leverage technology for better performance.

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Verdict: Bybit is the go-to exchange for tech-savvy investors focused on automation and advanced market strategies.

3. eToro – Best for Diversifying Investments

eToro offers a unique hybrid model: invest in both traditional assets like stocks and ETFs alongside major cryptocurrencies such as Bitcoin, Ethereum, and Ripple.

With social trading features, users can copy the portfolios of top-performing investors, making it ideal for newcomers or passive investors.

Though it only supports around 70 cryptocurrencies, eToro compensates with strong educational content and regular sign-up bonuses. Fees are slightly higher—up to 1% on copy trades—but the platform’s ease of use justifies the cost for many.

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Verdict: eToro is perfect for Australians building a diversified investment portfolio across asset classes.

4. Binance – Best for Low Fees

As the world’s largest crypto exchange by trading volume, Binance delivers unmatched liquidity and a vast selection of over 400 cryptocurrencies.

Trading fees start at just 0.1% and decrease further when using Binance Coin (BNB) or reaching higher trading volumes. New users can also earn up to 100 USDT in welcome bonuses and participate in the “Learn & Earn” program for free crypto.

Advanced tools like P2P trading, futures contracts, margin trading, and automated bots make Binance a powerhouse for active traders.

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Verdict: Binance remains the top choice for cost-conscious traders seeking depth and flexibility.

5. Kraken – Best Overall Exchange

Kraken combines security, compliance, and functionality in one reliable package. After acquiring Bit Trade—a long-standing Australian exchange—Kraken strengthened its local presence and understanding of regional needs.

It supports over 200 cryptocurrencies and offers instant AUD deposits and withdrawals with no fees. Security measures include two-factor authentication (2FA), end-to-end encryption, and ISO 27001 certification.

Fees start at 0.26% but reduce significantly with Kraken Pro, making it competitive for frequent traders.

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Verdict: Kraken earns its title as the best overall exchange thanks to its balance of safety, usability, and advanced tools.

6. KuCoin – Best for Advanced Traders

KuCoin shines with over 700 supported cryptocurrencies—the widest selection on this list—making it ideal for day traders and arbitrageurs.

It offers futures, margin trading, staking, lending, and automated bots on its Pro plan. Fees average 0.1% but can drop to zero for active users.

While the platform caters more to experienced traders due to its complex interface, it rewards technical proficiency with powerful tools and opportunities.

👉 See how advanced traders unlock maximum potential across hundreds of altcoins.

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Verdict: KuCoin is unmatched for traders seeking access to niche tokens and sophisticated strategies.

7. Coinbase – Best for Beginners

Coinbase is renowned for its clean design and beginner-friendly approach. It's especially effective for new investors taking their first steps into crypto.

Its Learn & Earn program pays users up to $200 in free crypto for completing short educational modules—on top of generous sign-up bonuses.

The mobile app boasts a 4.7-star rating on the Apple Store with over 1.7 million reviews, reflecting its popularity and reliability among Australian users.

Fees range from 0.05% (Pro) to 0.6% (retail), but the seamless experience justifies the premium for many starters.

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Verdict: Coinbase remains the gold standard for beginners entering the crypto space in Australia.

Frequently Asked Questions

Is it legal to buy crypto in Australia?

Yes, cryptocurrency ownership and trading are fully legal in Australia. The government recognizes digital assets as property and subjects them to capital gains tax (CGT).

Which exchange has the lowest fees?

Prime XBT offers some of the lowest trading fees at just 0.01%–0.05%, particularly for futures contracts. Binance and Crypto.com also offer fee reductions at higher volumes.

Can I use AUD to buy crypto?

Absolutely. All major exchanges listed support AUD deposits via bank transfer, debit card, or credit card. Many also offer instant AUD withdrawals.

8. Prime XBT – Best for Copy Trading

Prime XBT allows users to trade not just crypto but also forex, commodities, indices, and precious metals—all within one account.

Its Covesting Module enables full copy trading across all asset classes. Users can follow top traders or monetize their own strategies by allowing others to copy them.

With only 34 cryptocurrencies available, it’s not the broadest selection—but its ultra-low fees (as low as 0.02%) and powerful tools attract serious traders.

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Verdict: Prime XBT excels for investors interested in replicating expert strategies across multiple financial markets.

9. Swyftx – Best Australia-Based Exchange

As a homegrown platform, Swyftx understands local needs. It’s ISO 27001 certified with biometric login options, two-factor authentication, and robust encryption protocols.

With over 320 supported coins and zero withdrawal fees, Swyftx offers excellent value. Its Learn & Earn program educates users while rewarding them with free crypto.

A demo trading account lets beginners practice risk-free before going live—an invaluable feature for new investors.

👉 Start practicing with a risk-free demo account today.

Pros

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Verdict: Swyftx is Australia’s most user-focused domestic exchange—secure, supportive, and locally optimized.

10. CoinSpot – Best for Security

CoinSpot serves over 2.5 million Australians and leads in security transparency. It undergoes more third-party audits than any other local exchange and holds ISO 27001 certification.

Supporting over 410 cryptocurrencies with a flat 0.1% trading fee, CoinSpot balances breadth and simplicity. Its customer service is available 24/7 via responsive live chat.

While it lacks advanced trading tools like futures or margin trading, it’s ideal for long-term holders prioritizing safety.

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Verdict: For peace of mind and proven reliability, CoinSpot is Australia’s most secure exchange choice.

Final Thoughts: How to Choose the Right Exchange

Selecting the best crypto exchange depends on your goals:

Always verify regulatory compliance, test customer support responsiveness, and review fee schedules carefully before committing funds.

With evolving regulations and increasing institutional adoption, now is an excellent time to engage with crypto—responsibly and strategically—through trusted Australian platforms.