Best Crypto Exchanges in Australia Updated September 2023

In addition to its product variety, eToro is regarded as one of the best platforms to buy crypto. In addition to BTC, ETH, ADA, DASH, and DOGE, eToro offers 17 different cryptocurrencies. Some cryptocurrencies, however, are available only in specific jurisdictions.

• Therefore, it’s important to understand what system a platform operates from, so that you know how your ownership of shares will be treated in the event something goes wrong.
• For experienced traders looking for a trustworthy and safe crypto platform in Australia, Binance exchange is a smart pick.
• We’ve reviewed over 100 crypto exchanges comparing a huge range of factors.
• Other platforms that could also be considered by beginner traders include AvaTrade and ANZ.
• Therefore, it is best to choose a trading platform that offers sophisticated tools if you are a day trader or swing trader.

Bybit is the best choice for frequent traders, with extremely low fees, wide range of coins, and plenty of trading markets. As for the fee structure, I want to add that for BTC-based pairs, you’ll pay a fixed amount of 0.22%, while trading fees for AUD pairs depend on your 30-day trading volume. Concerning the main scope of operation, I’d say that CoinJar is focused on instant – crypto purchases and sales. As a typical brokerage service, the exchange features easy navigation, fast transactions, and a neat interface. In return, it charges handsomely for the smooth service — 1% per transaction. Furthermore, an additional 1% is added for each fiat withdrawal settled on your Australian bank account and 1.5% if you make a deposit through Blueshyft.

Bitcoin

This is also referred to as a foreign currency conversion fee and typically varies from 0.5% to 1.5%. Overall, Freetrade may be a good option for regular traders immediate edge software wanting a cheap, no frills trading account. Investors can buy a wide range of overseas shares, and it charges one of the lowest foreign exchange fees of 0.5%.

• Remember trade types involving the latter are still evolving in the U.S., so different exchanges’ offerings may vary over time.
• For deposits via debit/credit cards, e-wallets, and bank wires, the provider charges just 0.5%.
• Still, I can’t say that the platform isn’t intuitive enough for sleek navigation across different markets.
• The payment system is powered by the CHRG token, which users can utilize to pay for electric fuel.
• If you have a specific Australian payment method that you want to use to find your trading account, check to see if this is supported before signing up.

For this reason, many newer investors will stick to CEXs due to their ease of use and one-stop-shop functionality. However, if you’re looking to upgrade from your current exchange, BitFinex is an excellent option, especially if you’re seeking margin trading with a more substantial liquidity pool. With BitFinex, you’ll have access to a broad range of trading options that are designed to meet the needs of advanced traders. It is not intended as investment or financial advice and should not be relied on as such.

Here’s why Aussies love Swyftx

It should have a quick account creation process, maintain an intuitive trading interface, and also have a straightforward crypto buying and selling process. With research, you can accurately assess the exchange’s commitment to the security of client funds and data. It is also important that you also only register with crypto exchanges that provide users with free and ultra-secure wallets. You will also want to confirm the number of cryptocurrencies supported by your preferred crypto exchange. Additionally, confirm the number and liquidity of supported crypto trading pairs.

If your share trading platform operates with a CHESS-sponsored model, you’ll be provided with a Holder Identification Number (HIN) if you don’t already have one. There’s a lot of lingo when it comes to investing, and CHESS-sponsored trades is another one to add to your investment encyclopedia. Put simply, CHESS-sponsored trades means the ASX has a record of you owning the shares directly. Some automatically offer live pricing to all users, while other platforms may charge a fee in order to access live-pricing feeds. The common fees to be aware of are account fees or subscription fees, brokerage fees, ETF trading fees, international trading fees, withdrawal fees, and currency conversion fees. This higher tier provides access to premium charting and comparisons, as well as instantaneous company announcement and alerts to keep you up to speed with market changes.

Best cryptocurrency exchanges in Australia

This is evidenced by the fact that OKX has one of the easiest and most straightforward client onboarding processes. This has all the important features like the buy crypto, trade, grow, learn, and wallet clearly displayed. You, too, would appreciate buying crypto on Coinspot because it not only supports a decent selection of virtual currencies but also maintains highly competitive transaction fees.

This includes licenses with both the FSA and CySEC, so safety should not be a concern. For example, you can buy and trade stocks listed in the US, UK, Hong Kong, and several European exchanges. You can also trade 16 digital currencies and over 250+ ETFs (exchange-traded funds).

Liquidity

You receive various benefits depending on the amount of CRO you stake, and these include Netflix rebates, Spotify rebates, Airbnb rebates, and even complimentary airport lounge access. Not only that, but when you use your Visa debit card to spend AUD or crypto (which you pre-load beforehand), you receive up to 5% cashback paid in CRO on every purchase. Another reason I rank Digital Surge so highly, is because of their attractive low fees and tight spreads. The trading fees are 0.5%, and this reduces as you increase your trading volume. I conducted a test comparing Digital Surge against CoinSpot, Swyftx and Crypto.com on my personal accounts, and Digital Surge came out on top by a wide margin for fees and spread.

• By this rate, Bitcoin’s supply cap will be reached in 2140, after which new Bitcoins will no longer be mined.
• Many state and federal governments are still figuring out how exactly they want to treat cryptocurrencies from a legal and tax standpoint.
• The platform supports a variety of AUD payment methods, including Bank Transfer (EFT), PayID, Osko, and credit cards, enhancing user convenience.

The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. Levels of liquidity determine how easily and swiftly you can complete trades. If an exchange site has high liquidity, it means that its trading volume is high, and you can complete trades quickly. EToro also has a demo account feature that comes with $100,000 of virtual money.

Crypto.com – Growing Platform To Find The Best Crypto To Buy Now

The APY is around 12% which is much higher than most other types of investment accounts. Investing in this crypto is a good option if you want to receive passive rewards. The funds raised from this sale will be used to construct new gyms, and early investors will also receive rewards. These tokens can then be reinvested into the staking pool or swapped for other cryptos on exchanges.

Understanding what fees you need to pay can be challenging, so we prefer trading platforms that are upfront about their charges. But, it’s calculated as a percentage, so the more you stake, the more you will pay. Crucially, the best trading platforms Australia offer super-competitive overnight financing rates. This allows you to keep your position open for longer without getting your margins eaten away at. It is difficult to find trading platforms with no spread, But, we have discussed low spreads through this guide on the best online brokers Australia.

Top 5 Crypto Trading Platforms Australia Comparison

Crypto.com is a fantastic cryptocurrency trading platform accessible on both desktop and mobile. It is not just a place to purchase and sell digital assets however, there are many additional options like the marketplace for NFT, Visa debit card, earning, and staking. While many of the best Australia trading platforms we have discussed thus far are geared towards newbies – CMC Markets is a great option if you are a seasoned pro. This is because the platform offers a huge selection of advanced trading tools that provide day and swing traders with everything they need to outperform the markets. Several providers had overly complex trading platforms, especially when placing orders.

• A further 10% will be held back to support future developments, provide liquidity and reward platform users.
• We’ve reviewed each one carefully and rated them based on these criteria.
• Bitcoin mining, for example, has slowed over the years, and the rate at which it can be mined has also decreased.
• Other platforms, on the other hand, support up to 200 crypto assets, stablecoins, and DeFi tokens (e.g. ERC-20 tokens).
• You will be required to pay Stamp Duty Reserve Tax (SDRT) when you buy shares, calculated at 0.5% of the value of the transaction.

EToro Australia allows users to invest in cryptocurrencies, stocks, forex and even commodities. There is a strong focus on social trading, where you can interact with other investors and even copy successful traders. Crypto.com is an incredibly easy-to-use mobile app that allows users to instantly buy and sell 250+ coins from their phone, earn interest, and spend funds using the free Visa card. Coinstash has zero deposit or withdrawal fees for AUD which means more money to spend on crypto! Trading fees are 0.85%, which is higher than some other exchanges on this list, but still lower than CoinSpot’s 1% fee. The good news is that we have a special offer from Coinstash if you sign up with this link.

CoinJar: Best for crypto bundles

This hugely popular online broker gives you access to more than 135 global markets across 33 nations. Eightcap is a very transparent trading app that offers direct market access with no price manipulation, and it also boasts premium liquidity. Overall, this is a great app if you’re looking to trade US and Australian stocks with low spreads. It offers some really fantastic educational tools, including videos and an ebook, and there’s also professional accounts available with more advanced settings.

• ByBit offers a very advanced trading platform powered by TradingView charts, with hundreds of built-in indicators and drawing tools.
• The best feature of ByBit and the reason it makes this list of best exchanges is the superior trading and charting application.
• I do think that the main issue with CoinSpot, however, is that it charges above-average trading fees.
• The CFDs cover hundreds of crypto-to-fiat (such as ETH/USD) and crypto-to-crypto (such as BTC/XRP) pairs, all of which you can trade with leverage.

In essence, Bitcoin BSC introduces a novel cryptocurrency investment avenue with the potential to replicate the success of Bitcoin. Bitcoin BSC is an innovative BEP-20 token derived from Bitcoin and built on the Binance Smart Chain. This project enables cryptocurrency investors to acquire a token linked to Bitcoin’s legacy at the original launch price of $0.99 back in 2011.

Most Trusted Australian Crypto Exchange

So the Quantum AI trading software is perfect for both traders who want to trade on their own and also for people who do not want to be directly involved in trading. You can also customize the assistance that you need from Quantum AI as you want. The strategy applied by the software will give a person real-time insight into the market and will also notify them if any changes or fluctuations happen in the market. Quantum AI has many advanced strategy features that make the software efficient in finding the right trading opportunities.

• You should also consider other factors such as the crypto exchange’s reputation, customer support, payment methods, and deposit and withdrawal limits.
• Not forgetting that the exchange will also provide you with a free non-custodial wallet.
• This analysis of the various segments can provide a comprehensive market overview and assist users in making strategic decisions about core market applications.
• Luno works in more than 40 countries, including Australia, and you can use different types of fiat currencies, such as AUD, GBP, EUR, and INR.
• USDT was created as a way to allow traders to use digital tokens in a way that is similar to the US dollar, but without the volatility often seen in cryptocurrencies like Bitcoin.

It has a user-friendly interface, low trading fees, and offers 24/7 customer support. It also has a wide range of cryptocurrencies available for – trading, making it a versatile option for traders. A cryptocurrency wallet is an important tool for managing and storing your digital assets.