Australia is one of the nations that supports cryptocurrency and its impact on the current financial system. The country is actively working on a regulatory framework to assimilate blockchain-based assets. At the same time, it’s making every effort to protect consumers from any fraudulent activities. Although crypto isn’t a legal tender, it’s buying, selling, and storing it is legitimate. It’s even coming up with a new regulatory framework to manage digital assets.
Under it, the Digital Asset Platforms (DAPs) will have to procure an Australian Financial Services License (AFSL) before starting operations. This would bring these services in the category of traditional financial institutions. Moreover, the service providers have to comply with Anti-Money Laundering regulations. The government consider cryptos as an asset for Capital Gains Tax and collects all data of transactions too. All this makes Australia a go-to hub for crypto traders.
So let’s explore the top crypto exchanges in Australia to see what they offer.
Top crypto exchanges in Australia
The top crypto exchanges in Australia provide a number of products and services that make crypto trading more fruitful.
CoinSpot
CoinSpot has emerged as one of the go-to options for Australian crypto traders. The exchange offers a gamut of solutions to make digital assets more tradable. To provide a safe environment, it implements two-factor authentication, cold storage, customizable settings, and various robust protocols. It also allows users to set custom withdrawal limits and instant deposit options such as wire transfers.
Traders can buy, sell, and swap a large number of cryptos with advanced order types at just 1% fee. For market orders, the fee goes even lower at 0.1%. It’s built-in wallet supports several cryptos and helps maintain a diverse portfolio. The mobile app provides ease of usage while giving access to detailed charts, high-end tools, and multiple trading types. Most consider it among the top crypto exchanges in Australia.
CoinJar
CoinJar is the oldest crypto exchange in Australia, and it is very reliable because of its ease and safety. Founded in 2013 and registered by the Australian financial regulator, AUSTRAC, it provides more than 60 cryptocurrencies with convenient AUD deposits and withdrawals at competitive rates, 1% on spot trades and as low as 0.10% on its advanced exchange. The most notable is the CoinJar Card, a crypto debit card that enables users to use crypto as cash at Mastercard merchants.
Approximately 90% of assets are stored in cold storage. It also works with SMSF accounts and is compatible with the leading crypto tax software, which is why it is suitable for both novices and intermediate traders. The platform is simple to use, yet complex enough to please experienced users, with a smooth mobile application and advanced trading capabilities. All these features make it one of the most promising exchanges among the top crypto exchanges in Australia.
Swyftx
Swyftx is another favourite of investors living down under. It allows users to trade with over 375 coins with so many merits. They can access auto-invest, scheduled investments, recurring orders, and instant buying/selling. The platform offers a demo mode practice while making the interface suitable for beginners as well as proficient traders. There is “Crypto Bundles” that lets traders invest in pre-packaged groups of assets.
Investors enjoy local customer support along with tools for tax reporting, a fee-free bank, and PayID deposits. They get advanced charting options to do a profound analysis of the markets. The withdrawals and deposits are supported in multiple fiat including AUD and USD. For security, the exchange implements cold storage and two-factor authentication. Other highlights include staking, referral program, tax reporting, and portfolio tracking referral program.
BTC Markets
BTC Markets is a leading Australian cryptocurrency exchange that provides the trading of more than 40 cryptocurrencies with a security and compliance focus. It is convenient for Australian users as it is registered by the AUSTRAC and allows depositing and withdrawing AUDs fee-free through bank transfers. Its trading charges are competitive and attractive to both retail and institutional traders.
The user interface will be made to suit both the novice and the advanced trader with spot and margin trading options. BTC Markets prioritizes transparency and compliance with regulations, and it assists users in navigating the changing Australian crypto environment. It also offers strong customer service and is integrated with different wallets to store assets safely. All these features make BTC Markets one of the best exchanges among the top crypto exchanges in Australia.
Independent Reserve
Independent Reserve is popular among the traders of this region for many reasons. It makes usage easy for investors of all proficiency levels. The platform offers a number of trading tools, including comprehensive charts and APIs for complex strategizing. It offers a wide assortment of trading pairs and cryptocurrencies for trading. The OTC desk offers a service for institutional clients and high-net-worth individuals. It’s definitely one of the top crypto exchanges in Australia.
In addition, there’s a FastTrack account that expedites the fund transfers and the setup. To beef up security, the platform implements ISO 27001 accreditation and various other measures. Above all, the trading fee starts at 0.5% and goes down as the volume increases. It is also known for providing reliable support from trained professionals.
Cointree
Cointree is a trustworthy Australian exchange that was established in 2013 and aims to provide new crypto investors with accessibility and simplicity. It accepts more than 200 different cryptocurrencies and various methods of depositing funds in AUD, such as PayID and cash deposits through convenience stores. Cointree provides a mobile application and an easy-to-use interface to trade on the go.
It is registered by the AUSTRAC, which means that it is compliant with regulations. The exchange has competitive fees and offers cryptocurrency packages, which can easily enable investors to diversify. Cointree is recommended to newcomers and intermediate traders who want to use a simple, safe, and well-supported Australian crypto exchange with local payment options and education tools.
Coinstash
Coinstash stands out as having one of the biggest crypto offerings in Australia, accommodating more than 1,000 cryptocurrencies. It has no fee deposits and withdrawals in AUD and a high daily deposit limit, which is appealing to traders who desire wide market coverage and flexibility. Coinstash is registered by AUSTRAC and is focused on simplicity, an easy-to-use interface, and customer-friendly functionality.
It has a wide variety of smaller altcoins that are not offered on other Australian exchanges and are attractive to speculative traders and crypto enthusiasts. Coinstash is a good option among Australians who desire profound liquidity and a high variety of tokens in addition to good regulatory adherence. All these characteristics make it one of the most promising exchanges among the top crypto exchanges in Australia.
Kraken
Kraken surely strikes a chord with Australian traders, with so much to explore. The exchange offers multiple trading types, including spot, margin, and futures with leverage on supported pairs. It supports crypto as well as fiat for buying cryptocurrencies. Users can stake over 20 assets to gain passive income. They can trade over 450 assets and several trading pairs. By subscribing to the “Pro” model, investors lay their hands on market insights, advanced charting, and diverse order types.
Moreover, they can customize the interface based on their preferences. For security, the platform implements Proof-of-Reserves, SSL encryption, Master Key, two-factor authentication, Global Settings Lock (GSL) and much more. It’s available on a mobile app, providing ease of use to all users. The customer support is available 24/7 through multiple channels.
Coinbase
Coinbase is a leading platform that has become well-received among Australians. The platform provides a user-friendly interface conducive to all types of traders. It offers a broad array of features that include the “Advanced” version with sophisticated attributes. They include multiple order types, lower fees on large trades, and refined tools. While supporting a large number of assets to trade, it gives access to NFTs as well as dApps. It’s surely one of the top crypto exchanges in Australia.
To tighten security, it applies cold storage, complex encryption while adhering to all regulations. Besides supporting a large number of assets and trading pairs, the exchange also includes the stablecoin USDC. In terms of trading types, it lets users engage in crypto-to-crypto trading along with perpetual futures. Other highlights include a digital wallet, staking, and a dedicated payment gateway.
Crypto.com
Crypto.com is a prominent exchange that empowers Australian traders in many ways. The exchange offers competitive fees and deep liquidity, along with ease of usage. To strengthen security, it implements institutional-grade infrastructure, multi-factor authentication, cold storage, withdrawal address whitelisting, passkeys, HSMs, and FIDO2. It complies with all the applied regulations to toe the line in the regions it operates.
Users can access multiple trading types, including spot and margin. They also gain an NFT marketplace and a range of assets to trade. The exchange operates on a high-end matching engine that handles large-volume trades with low latency. Other highlights include staking of multiple assets, DeFi access, a prepaid debit card, a mobile app, OTC trading, and reliable service.
Digital Surge
Digital Surge is an Australian exchange that is characterized by a wide range of support for more than 430 cryptocurrencies and no charges on AUD deposits and withdrawals. It has one of the most competitive flat trading fee structures in the market, and therefore, it is affordable to traders of all levels.
The site is registered with AUSTRAC, is secure and has a user-friendly design with educational resources and helpful customer care. The mobile application of Digital Surge enables trading and monitoring. It is especially popular among Australians who want to find a compromise between low-cost, regulatory confidence, and the ability to access a wide variety of digital assets with a simple and user-friendly platform.
Conclusion: Top crypto exchanges in Australia
Australia certainly provides a friendly environment for crypto enthusiasts to explore its possibilities. All trading platforms operating here are registered with its regulatory body AUSTRAC. From the investors’ viewpoint, though, one needs to consider a few things. First and foremost would be the trading fee, which varies from one exchange to another. The secondary factors would include supported payment methods, features, passive income options, user interface, security, and support. The top crypto exchanges in Australia perform well on most of these fronts.
Frequently Asked Questions
Which Australian exchange offers the most cryptocurrencies?
Coinstash leads in asset variety, supporting over 1,000 cryptocurrencies, including smaller altcoins rarely listed elsewhere. Others, such as Swyftx and Kraken, also offer broad coverage, ideal for traders seeking exposure to both popular coins and new, speculative digital assets within regulated environments.
Which is the safest crypto exchange in Australia?
CoinSpot, Independent Reserve, and BTC Markets are regarded as the safest Australian exchanges due to their AUSTRAC registration, advanced security measures, two-factor authentication, ISO accreditation, and cold storage of user funds that safeguard assets against hacks and unauthorized access.
What factors should I consider when choosing an Australian crypto exchange?
Check compliance with AUSTRAC, trading fees, coin availability, supported payment methods, user experience, customer support, and security features such as cold storage and multi-factor authentication. Experienced traders may also look for staking options, margin trading, and integration with tax or analytics tools.
