Best Cryptocurrency Exchanges in Australia

Cryptocurrency Exchanges in Australia

The increasing popularity of cryptocurrency in Australia has resulted in a variety of excellent exchanges to choose from. If you want to buy or sell cryptocurrency, the first step is to select a platform that is legitimate and the best option for you. We’ve conducted all the necessary research to make it easier for you to select the most suitable cryptocurrency exchange for your trading needs.

Australia’s Top Cryptocurrency Exchanges – Tested and Reviewed in 2022

Based on our extensive testing and research, here are the best cryptocurrency exchanges for Australians in 2022. We frequently review these exchanges and update our articles to provide you with the most accurate and current information possible. We are the first to list new features or coins added to any of these cryptocurrency exchanges.

Review of the Top Cryptocurrency Exchanges in Australia

#1-Bybit Exchange – Overall Best in Australia

Bybit is the premier cryptocurrency exchange in Australia, and the best choice for traders who wish to execute numerous transactions. Bybit satisfies the needs of day traders, margin traders, and derivatives traders with its trading options and tools. Visa, Mastercard, and Apple Pay are supported payment methods if you simply wish to purchase cryptocurrency for long-term investment purposes.

Bybit is a highly dependable exchange with over 2 million customers and a daily trading volume of over $10 billion. Bybit’s extensive liquidity, 99.99% system functionality, and 100,000 trades per second trading speed make it appealing to many Australian crypto traders.

Bybit provides a respectable selection of 220+ coins for trading, in addition to spot trading and derivatives trading. There are USDT Perpetual contracts, Inverse Perpetual contracts, and Inverse Futures contracts available on the derivatives markets. This exchange has extremely low fees, with spot trading fees of 0.1% and derivatives trading fees of 0.01% for makers and 0.06% for takers, both of which are extremely low. To commemorate 10 million users, Bybit is offering FREE spot trading for a limited time. Get started immediately to take advantage of this offer before it expires.

Those familiar with margin trading will appreciate Bybit’s 100x leverage, which makes it possible to profit from even minor market fluctuations. It is necessary to remind readers that margin trading is not for novice traders due to the extremely high risks involved and the fact that even a small change in the market can result in substantial losses. Margin trading is restricted to seasoned traders who fully comprehend the risks and market.

Bybit has a superior testnet (demo mode) that resembles the actual website. This is an excellent environment for both novice and seasoned traders to test their strategies with play money. This is an extremely valuable learning tool that distinguishes Bybit from other exchanges that lack this function.

The platform’s Live Chat support team is available around-the-clock, so you will never be out of touch for days while waiting for a slow email response to your question. Bybit also provides an insurance fund to safeguard traders against negative equity and excessive loss liability.

• The best option for frequent crypto traders, with lightning-fast trade speeds and 99.99% system functionality

• Lowest trading fees – spot trading: 0.1%, derivatives: 0.01% / 0.06% (maker/taker)

• Over 220+ cryptocurrencies are available.

• Live Chat support available 24/7

• Testnet platform (demo mode) to practise trading with virtual currency

• Trading on margin with high leverage (up to 100x)

#2-CoinSpot – Most Secure and Dependable Exchange:

CoinSpot is Australia’s most secure exchange due to the trust and security it has established since 2013. CoinSpot is Australia’s largest crypto exchange, with over 2.5 million users, and holds ISO 27001 certification, making it the most audited crypto platform. It is governed by AUSTRAC, registered with ASIC, and an accredited Blockchain Australia member. All of these factors indicate that CoinSpot will not vanish with user funds, as have occurred in the past few years. You can deposit funds and trade cryptocurrencies without fear of losing or having them stolen.

CoinSpot offers one of the largest selections (360+) of AUD-acceptable coins. There are three ways to purchase cryptocurrency on CoinSpot: Instant Buy, which allows you to purchase directly from the exchange; Market Trade, which allows you to buy from sellers; and OTC Trades, which allows you to purchase over the counter for just 0.1% and is recommended for large transactions.

CoinSpot offers 21 different coins for staking, which is uncommon among Australian exchanges. This is a fantastic way for investors to make their crypto assets work for them over the long term. The annualised returns (APY) on the coins can reach well into the double digits.

CoinSpot is a comprehensive marketplace for non-fungible tokens where you can find numerous popular collections, such as the renowned Bored Ape Yacht Club. Unique to CoinSpot’s NFT marketplace is the ability to buy NFTs with any cryptocurrency of your choosing. This saves a great deal of time and money, as you do not need to convert one cryptocurrency to another in order to purchase NFTs.

CoinSpot has relatively high trading fees in comparison to its competitors. For instance, the transaction fee for an Instant Buy purchase is 1%, which is significantly higher than their OTC or Market Trade options, which are only 0.1%. Market Trade allows you to avoid paying high fees, but there is a limited selection of coins available using this method.

Consequently, CoinSpot is an excellent option for those who are new to cryptocurrency, as their dashboard is simple and easy to use. They ensure that users have a seamless and clutter-free experience, and Live Chat support is available if you ever run into trouble.

• The safest and most reputable exchange in Australia

• FREE $20 Bitcoin upon registration via this link

• Customizable security features including two-factor authentication, geo-lock logins, session timeout, and more

• 24/7 Live Chat support so that you can speak with a real person whenever you need assistance

Buy over 360+ cryptocurrencies directly with Australian Dollars

• Accumulate crypto interest on 21 coins including ADA, BNB, CRO, DOT, LUNA, and SOL

• Multiple deposit options, including bank transfer, cash deposits, PayID, and more

• NFT Marketplace where any cryptocurrency can be purchased

#3- Swyftx Exchange – Best for Demo Mode,

Swyftx is a straightforward and well-designed crypto trading platform, so it comes as no surprise that it is one of the most popular among Australian crypto traders. It is ideal for both novice and experienced traders due to its user-friendly desktop website and mobile application. Swyftx is, in fact, one of Australia’s top mobile crypto apps.

There are over 320 distinct cryptocurrencies available for purchase and sale. With transaction fees as low as 0.6%, it is easy to see why so many users enjoy Swyftx. In addition to having low fees, the spread is narrow, a factor that many investors overlook. The spread is the difference between a cryptocurrency’s buy and sell prices. Swyftx placed second in this comprehensive test conducted by a leading Australian review website, Marketplace Fairness, with an average combined fee and spread of 1.11%. Due to Swyftx’s 0.6% trading fee, the spread is only 0.51%.

The sign-up and account verification processes on Swyftx are simple, quick, and straightforward. They provide a unique demo mode that can be toggled on or off at any time, which is ideal for those who are new to the cryptocurrency market and want to learn how to buy and sell cryptocurrencies without using actual funds. With tutorials, a comprehensive FAQ database, and Live Chat support, the platform provides an outstanding user experience.

This exchange accepts bank transfers and a variety of other deposit methods, such as debit and credit cards, for instant deposits. They charge a flat rate of 0.6% for all transactions, and there are no hidden fees or charges, unlike some competitors. Due to its access to large international trading volume pools, this exchange is able to achieve the lowest spreads on the Australian cryptocurrency market and pass the savings on to its customers.

Swyftx also enables staking on twenty distinct cryptocurrencies, allowing investors to earn interest on their coins while HODLing. This is a relatively new feature of Swyftx that distinguishes it from other basic cryptocurrency exchanges that lack this functionality.

• headquartered in Brisbane and registered with AUSTRAC

• Free $20 Bitcoin upon registration through this link, no deposit required

• Australian-based Live Chat customer service, available whenever you need it

• Over 320 cryptocurrencies can be purchased with Australian Dollars

• Low fees and spreads combined (1.11%)

• Variety of deposit options, including credit and debit cards, bank transfers, and more

• Speculating on twenty distinct cryptocurrencies

#4-The App is the Best for Novices: is our top recommendation for those just getting started with cryptocurrencies because it is so user-friendly and convenient, accessible directly from the mobile app. There are over 250+ cryptocurrencies that can be bought or sold instantly, and the price displayed for each coin in the app is the price you will pay. The fees are already incorporated into the spread, so there are no trading fees associated with buying or selling cryptocurrencies. This makes it simple to understand precisely what you are receiving for your money.

There is an abundance of support for newcomers, including informative articles, the most recent crypto news, and even live chat so that you can receive assistance from a friendly team member.

If you are already familiar with cryptocurrencies, you will find a variety of exciting features, such as options to earn interest or new coins by staking your cryptocurrency and an NFT marketplace where you can browse and purchase the newest digital artwork. With’s Visa-powered debit card, you can spend AUD and earn cryptocurrency as cashback on every purchase! To receive this free card, simply stake $500 worth of CRO (’s native coin) over the course of six months. You can earn up to 5% cashback (depending on your loyalty level), receive rebates on services such as Airbnb, Spotify, and Netflix, and gain complimentary access to airport lounges with this card.

• Outstanding cryptocurrency app that is convenient and user-friendly

• More than 250 coins are supported, and 47 of them pay interest

• No commissions on purchases or sales

• Browse, buy, and sell non-fungible tokens on the market

• The free Visa debit card comes with a multitude of advantages

• Coverage for crypto insurance of up to $750M

#5 MEXC Global – Top Choice for Advanced Traders

MEXC is the best option for experienced cryptocurrency traders who place a premium on a vast selection of coins, diverse markets, and extensive liquidity. On MEXC, spot trading, margin trading (up to 125x leverage), derivatives trading, and access to over 1,520 coins and 2,114 trading pairs are available. It would be difficult to find a crypto trading platform with a wider variety of coins than MEXC.

The trading fees are extremely low, at 0.2 percent for spot trading and 0.02/0.06 percent (maker/taker) for futures trading. Additionally, if you sign up through our link, you will receive a 10% discount on all trading fees plus $25 USDT for FREE. In addition to regular trading, copy trading is supported on MEXC. For those unfamiliar with the term, it refers to a trading method in which you automatically replicate the trades of a profitable investor of your choosing. If you lack the time to conduct a thorough technical analysis of the market before placing trades, this is an excellent feature. The exchange’s free trading bots are an additional advantageous feature. You can configure them to your specifications, and they will execute trades 24/7, even when you are offline or asleep.

MEXC has the highest levels of liquidity of any cryptocurrency trading platform, including crypto giants such as Bybit, Binance, KuCoin, and Huobi. Examining the liquidity graphs for BTC/USDT and ETH/USDT reveals that MEXC is light years ahead of its closest competitor, Bitget, and the rest of the competition is essentially irrelevant. This means that even if you are a high-volume trader, your orders can be executed immediately.

• Extensive selection of more than 1,520 coins and 2,114 trading pairs

• $25 FREE USDT and 10% off trading costs with our link

• Perfect for skilled and advanced crypto traders

• Spot exchanges, margin exchanges, and derivatives exchanges

• Copy trading and complimentary crypto trading bots are offered

• Low spot trading commission of 0.2 percent and futures trading commission of 0.02/0.06 percent (maker/taker)

#6- Digital Surge Exchange – Lowest Spreads:

FREE $10 BTC when you register using this link

Digital Surge is one of Australia’s leading cryptocurrency exchanges due to a number of factors. First, Digital Surge is incredibly inexpensive, making it ideal for both novice and experienced crypto traders. They have the lowest overall fees and spreads of all Australian exchanges, at 0.71 percent. Due to their 0.5% trading commission, the Digital Surge spread is merely 0.21%. The spread is the difference between the purchase and sell price of any cryptocurrency and functions as a concealed transaction fee. If you are unfamiliar with the term “spread,” please read the following article. Many exchanges do not disclose their spread, so you may be unaware of how much you are paying in fees. AUD deposits and withdrawals are likewise free on Digital Surge, allowing you to invest additional funds in cryptocurrencies.

Second, Digital Surge is a user-friendly cryptocurrency exchange that traders of all experience levels can feel comfortable utilising. The UI is minimalistic and extremely user-friendly, and there are instant buy/sell features for more than 300+ coins for beginners, as well as extensive graphs for seasoned investors. You can also collect interest on 13 currencies, allowing you to continue to expand your cryptocurrency holdings as you wait for its value to rise.

Digital Surge is an innovative cryptocurrency exchange that has included a functionality not present on the majority of other platforms. They’ve made it easy to utilise Bitcoin from your Digital Surge account to settle BPAY-accepting Australian bills and credit card balances. Not only is this wonderful for convenience, but it is also a significant step toward mainstreaming cryptocurrency in Australia.

Digital Surge can be accessed via a web browser or the mobile app, and both are incredibly intuitive. If you encounter any troubles, you may contact customer service by live chat or email around-the-clock, which is very helpful for individuals who are new to bitcoin.

Digital Surge is an Australian exchange registered with AUSTRAC and ASIC, providing you with peace of mind regarding the platform’s trustworthiness and authenticity.

• Use AUD to purchase and sell more than 300 distinct cryptocurrencies.

• FREE $10 just for registering via this site, no deposit necessary

• Lowest fees and spreads combined of all Australian exchanges (0.71%)

• Extremely user-friendly and intuitive UI, ideal for novices

• Deposits and withdrawals in AUD are free

• Mobile application so you may trade at any time, anywhere

#7. KuCoin – Greatest Selection of 700+ Coins:

KuCoin is an extremely popular cryptocurrency exchange, with over 11 million customers worldwide. It offers over 700 cryptocurrencies and a range of markets to satisfy the needs of all traders. Whether you are interested in spot trading, margin trading, derivatives trading, or the P2P market, you will find something that suits your needs. Trading fees are cheap, at just 0.1%, and can be reduced by 20% if you pay with KCS coin (their native token) and if your 30-day trading volume has been high.

One of the best aspects of KuCoin is that they offer its consumers FREE trading bots, including Spot Grid bot, Futures Grid bot, dCA bot, Infinity Grid bot, and Smart Rebalance bot. KuCoin provides some of the greatest crypto trading bots available in Australia at no cost, whereas others cost hundreds of dollars! Using KuCoin’s bots enables you to keep on top of market moves even when you are offline or asleep.

Numerous aspects, such as NFTs, crypto interest, crypto borrowing, and crypto lending, are not addressed here. If you are interested in learning all KuCoin has to offer, please read our review.

• Over 700+ coins available for trading

• Low trading costs of 0.1% that can be discounted by 20% if paid using KCS coin

• FREE cryptocurrency trading bots that automate your strategy

• Extensive trading choices, including spot trading, leverage trading, futures trading, and the peer-to-peer market

#8- eToro Australia’s Best Copy Trading Platform:

eToro is a broker that provides numerous trading instruments, including 75 cryptocurrencies. It has been designed from the bottom up as a social trading platform, which allows you to communicate with other users. You can simply accomplish this by publishing or commenting on the news feed, or by automatically copying the trades of some of the platform’s most successful traders.

While eToro is not a cryptocurrency-only exchange, it does provide a number of advantageous features that make it worth investigating. If you are new to the crypto realm, you can open a trial account with $100,000 in virtual money to try trading. You can also use crypto staking capabilities and acquire crypto CFDs, allowing you to profit from crypto prices without owning the underlying assets.

Compared to other exchanges, this one offers a rather limited variety of cryptocurrencies, with only 75 coins available for trading. However, they provide investors with all of the most popular coins. A mobile app is available for Android and iOS, allowing you to trade on the go.

A disadvantage of this platform is that it runs in USD, thus AUD deposits and withdrawals will incur a currency conversion cost.

• Invest in seventy-five distinct cryptocurrencies through direct purchases or CFDs.

• Use CFDs to speculate on whether the price of cryptocurrencies will decline or rise

• Earn cryptocurrency interest with the crypto staking feature

• A demo account is provided so that novices can practise without using real funds.

The Best Exchange for Serious Trading:

Binance is one of the most well-known names in the crypto market, and it has developed an excellent trading platform, but it may not be the best option for newcomers. In addition to P2P marketplace, margin trading, NFT marketplace, and staking, they offer a vast array of additional features that are suitable for even the most expert crypto investors.

Binance has access to over 600 cryptocurrencies, and you may effortlessly deposit AUD without incurring any fees utilizing a bank transfer or PayID. If you are serious about crypto trading, Binance is certainly one of your finest options. The platform interfaces seamlessly with a variety of third-party trading bots, allowing you to effortlessly automate your trading approach.

It is important to note, however, that as Binance is not an Australian firm, you may have trouble proving your Australian ID, and their lack of customer care makes it impossible to remedy this problem.

• Low flat costs of 0.1% when trading cryptocurrency to cryptocurrency

• Use Binance Coin (BNB), the native cryptocurrency of the exchange, to minimize our trading fees even further.

• Gain access to Binance Lite, a simplified, beginner-friendly version of the platform

It provides access to more than 600 cryptocurrencies, making it a perfect choice for serious traders.

#10 CoinJar Exchange – Use the CoinJar card to spend your cryptocurrency:

CoinJar is an exchange worth considering for novices due to its usability. It also supports all conceivable depositing methods, including Apple Pay/Google Pay, credit/debit cards, bank transfers, and cash. Additionally, you can make an instant deposit, which is a fantastic tool for those who wish to begin trading immediately.

CoinJar gives customers access to a free MasterCard-powered CoinJar card. You can load it with any of the fifty cryptocurrencies in your account and use it at any EFTPOS-accepting merchant. This is a terrific way to spend your cryptocurrency gains without having to convert them to AUD first.

The disadvantages of CoinJar are the higher trading costs of 0.1% and the limited quantity of coins of 50.

• Australian-based, therefore no currency exchange fees are required

• The CoinJar Swipe debit card allows you to pay with cryptocurrency wherever EFTPOS is accepted

• Diverse deposit payment options, including cash deposits

#11- Independent Reserve Exchange is the Best for Cryptocurrency Insurance.

Independent Reserve is an Australian-based exchange with a sterling reputation in comparison to its rivals. It surpasses Swyftx, the second company on the list, in a number of categories, including trading fees that are only 0.5% lower. There is also the possibility to reduce your trading fees based on trade volume if you intend to invest huge quantities of bitcoin. If your monthly trading volume exceeds $100,000, the costs will begin to decrease.

Moreover, Independent Reserve is the only cryptocurrency exchange in Australia to offer insurance on cryptocurrency assets up to $5 million in value. They also provide tax reporting tools driven by KPMG to facilitate this procedure.

The exchange is suitable for high-volume traders and, as a result, has a strong OTC desk, which is ideal for anyone desiring to execute trades above $100,000. While the exchange only supports 27 cryptocurrencies at present, the majority of them are among the top thirty most-traded and reputable coins worldwide.

• Priority is given to security, and premium accounts have access to cryptocurrency insurance

• Supports 27 cryptocurrencies for instantaneous trading with a 0.5% fee that decreases based on trade volume.

• KPMG-generated automatic dollar-cost averaging tax reports

#12 Kraken Exchange – Best Runner-up for Security

Kraken is comparable to Binance in that it offers a variety of services and a large number of cryptocurrencies at low fees. Kraken, on the other hand, lays a greater emphasis on security and differs in a number of other ways. Additionally, there are less coins available on this exchange compared to Binance.

Kraken is situated in the United States, therefore it must adhere to stringent rules, which is advantageous for consumers seeking a very secure exchange. It is regarded as one of the safest exchanges in the world and provides an intuitive interface for advanced trading with extremely competitive costs. Additionally, it is possible to buy and sell cryptocurrencies instantly for a charge of 1.5%. The platform provides a variety of valuable additional features, such as crypto staking, margin trading, and futures.

However, one disadvantage for Australian traders is that Kraken currently supports the trading of 19 cryptocurrencies against the AUD, which is somewhat limited. However, this will not be an issue if you intend to trade only the most popular currencies.

• A well-designed, user-friendly platform that provides access to a variety of tools, such as margin trading, staking, and futures

• 24/7 Live Chat service staffed by actual humans

• A mobile app is available for trading on the go.

• Extremely focused on compliance with US rules and security

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