Best Crypto Exchanges in Australia for 2025

Australia has no shortage of platforms for buying, selling, and trading crypto, but not all of them offer the same features, fees, or user experience. From trading fees and security to AUD support and user experience, choosing the right exchange can make a huge difference. This guide cuts through the noise to highlight the best crypto exchanges in Australia, with clear breakdowns of what each one does well. If you’re after top Australian exchanges or just want a shortcut to the top crypto exchanges for Australians, you’ll find everything you need right here.

Best Crypto Exchanges in Australia: Summary

In this guide, we’ll compare the best cryptocurrency exchanges in Australia based on real features users care about, such as fees, AUD deposits, KYC requirements, and mobile experience. From all-in-one wallets like Best Wallet to advanced trading platforms like OKX and MEXC, each pick offers something different.

You’ll find tools for staking, token swaps, and even early presale access depending on your goals. We also highlight which platforms are beginner-friendly and which ones cater to serious traders. The goal is simple: help you choose a trusted exchange that fits your crypto style.

10 Best Crypto Exchanges for Australia in 2025

Getting into crypto in Australia has never been easier, but with so many exchanges out there, it can feel like walking into a food court with no idea what you’re craving. Some platforms are built for beginners, others cater to serious traders, and a few try to do it all.

1. Best Wallet: Best All-Rounder for Australian Users

Best Wallet is like that one app you didn’t know you needed until it saved you five others. It’s a non-custodial Web3 wallet that bundles together DeFi, NFTs, swaps, staking, and presales into one clean, user-friendly mobile interface. You get full control over your assets without bouncing between tabs and wallets to get anything done.

• Available Crypto Coins

  Supports more than 60 blockchains like Ethereum, Binance Smart Chain, and Polygon. That means access to a mountain of tokens right out of the gate.
  

• Minimum Deposit

  There isn’t one. Start with whatever you’re comfortable with, even if that’s pocket change.
  

• Crypto Trading Fees

  No trading fees, only gas fees for using their built-in DEX.
  

• AUSD Purchases

  Yep. You can buy crypto with Australian dollars through integrated fiat on-ramps.
  

• KYC Required

  Nope. Just an email is enough to get started. No ID uploads, no selfies with signs.
  

• Free App

  Totally free to download and use. No sneaky subscription fees lurking later.
  

Aussie users get a few extra perks, too. The app works smoothly with local fiat through providers like MoonPay and Banxa, making it simple to grab crypto with AUD using a card or bank transfer. No geo-blocks or forced workarounds, just plug in and go.

Token swapping is handled through a built-in DEX aggregator, and it’s cross-chain. That means you can move assets between Ethereum, BNB Chain, and Polygon without leaving the app. If you’re hunting for new projects, Best Wallet also offers early access to crypto presales and token launches through its launchpad.

Security & Regulations

Best Wallet puts privacy front and center. Private keys live on your device, not on some server across the world. You’ve got 2FA, biometrics, and passcodes to lock things down tight. It even includes protections against sketchy tokens, auto-hiding anything that looks off.

There’s no KYC needed, which appeals to privacy-focused users. But that also means the responsibility to stay safe falls on you, so keep those best practices in mind.

Best Wallet Pros & Cons

Best Wallet does a lot of things right, especially if you’re looking for one app to handle most of your crypto life. With a balance of security, simplicity, and solid DeFi features, it’s built for users who want flexibility without sacrificing control. Whether you’re staking, trading, or chasing the next hot presale, this wallet gives you a solid place to start and stick with.

To know more about this non-custodial wallet, consider checking out our dedicated Best Wallet review for 2025.

Visit Best Wallet

2. Binance: Best Crypto Exchange For Beginners

Binance is a global heavyweight in crypto trading, with tools that cover everything from basic spot trades to more advanced plays like crypto derivatives, staking, and early token launches. Australian users get extra perks too, like the ability to buy crypto using AUD through PayID or bank transfers, plus access to local tax tools to stay ATO-compliant.

• Available Crypto Coins

  Binance gives users access to over 400 cryptocurrencies globally, from household names like Bitcoin and Ethereum to niche tokens that pop up and catch fire overnight. If you’re using Binance.US, that list is shorter, clocking in at around 150 coins due to local regulations.
  

• Minimum Deposit

  There’s no one-size-fits-all minimum. How much you need to start depends on where you’re located and what payment method you’re using, but technically, you can start with just a few bucks.
  

• Crypto Trading Fees

  Binance uses a sliding fee model that adjusts based on how much you’re trading over a 30-day period. If you’re not moving huge volume, expect up to 0.4 percent maker and 0.6 percent taker fees, but using BNB to pay can knock those rates down a bit.
  

• AUSD Purchases

  Binance supports popular dollar-pegged stablecoins like USDT and USDC, but there’s no mention of native support for the Aussie version, AUSD. You might have to work around that using stablecoin pairs or fiat ramps.
  

• KYC Required

  Yes, if you want full access to everything Binance offers, including fiat options and higher withdrawal limits, you’ll need to go through identity verification.
  

• Free App

  The mobile app is totally free and available on both iOS and Android. It comes loaded with features from trading and portfolio management to educational tools and even a Web3 wallet.
  

For those diving deeper into the DeFi side of things, Binance’s Web3 wallet is built right into the main app. You can use it to explore presales, manage tokens across chains, or experiment with staking, all while keeping control of your own keys.

The exchange has earned a reputation for low fees, high liquidity, and robust security. With features like SAFU, their emergency insurance fund, and multiple security layers like 2FA, Binance stays vigilant in a market that’s always moving.

Security & Regulations

Binance puts a lot of focus on protecting user funds. The SAFU fund acts like a safety net in case something goes wrong, while two-factor authentication and cold storage are standard. KYC is part of the package if you want full access, which helps Binance stay on the right side of global laws. The platform has faced regulatory heat in certain regions, but continues to adjust and stay compliant where it operates.

Binance Pros & Cons

Binance delivers a comprehensive suite of tools for just about every kind of crypto user. Whether you’re trying to learn the ropes, build a portfolio, or trade full-time, there’s something here for you. Just keep an eye on your region’s rules and take the time to explore what the platform has to offer. With a little effort, you’ll get a lot out of it.

Get to know more about this exchange by reading our separate Binance exchange review.

Visit Binance

3. eToro: Australia’s Leading Crypto Trading Platform

eToro brings crypto and traditional finance into the same room, which is great if you’re into both. You can trade Bitcoin right next to your stock holdings, all from one dashboard. It’s kind of like having a Swiss Army knife for investing, minus the sharp bits.

• Available Crypto Coins

  eToro covers a solid mix of digital assets, with all the usual suspects like Bitcoin (BTC), Ethereum (ETH), and a few others in the top league.
  

• Minimum Deposit

  $50 for the first deposit, and $50 for any further deposits. For wire transfers, the minimum deposit is $500.
  

• Crypto Trading Fees

  Every time you buy or sell crypto, eToro takes a 1 percent fee. It’s baked into the price, so there are no surprises at checkout.
  

• AUSD Purchases

  Yes, you can deposit and trade with Australian dollars, which means no messing around with conversion rates just to get started.
  

• KYC Required

  Yep, you’ll need to verify your identity. It’s standard procedure if you want full access to the platform and to keep everything above board.
  

• Free App

  eToro’s app won’t cost you anything to download, and it works well across iOS and Android. Super handy if you want to check your trades while out and about.
  

If you’re in Australia, it’s smooth sailing. eToro is regulated by ASIC, so it ticks the compliance boxes. You can top up your account with AUD using bank transfers, cards, or even PayPal, and getting your money out is just as straightforward.

One thing that makes eToro different is how social it is. You can watch other traders in action, copy their moves, or even become one of the people being copied. It’s like financial Twitter, but with a trading button attached.

Now, it’s not the cheapest exchange around. The spreads can be a bit higher than what you’d find on a crypto-only platform. But what you get in return is a blend of safety, simplicity, and features that let you trade without feeling like you’re decoding rocket science.

Security & Regulations

eToro is regulated by ASIC in Australia, which means it has to stick to strict standards. Your personal data and funds are guarded with encryption and two-factor authentication. And because it’s regulated, the platform has to be more transparent about how it operates.

eToro Pros & Cons

eToro is an approachable choice for Australians who want to explore crypto without diving into the deep end. It’s built for people who like having everything in one spot and who appreciate a mix of simplicity and functionality. The fees won’t suit every budget, but if you’re looking for a platform that’s easy to use and regulated in Australia, it definitely holds up.

Read more about this exchange in our eToro review 2025.

Visit eToro

4. OKX: Top Crypto Platform For Spot & Derivatives Trading in Australia

OKX is one of those platforms that quietly does a lot right. It’s packed with tools, supports hundreds of coins, and offers both spot and advanced derivatives trading. If you’re just looking to buy a little crypto, it’s easy enough to figure out. If you’re ready to dive deep with options, futures, and leverage, it’s got that covered too.

• Available Crypto Coins

  OKX gives you access to more than 300 cryptocurrencies, from big names like Bitcoin (BTC) and Ethereum (ETH) to plenty of niche altcoins.
  

• Minimum Deposit

  There’s no hard rule on how much you need to start. The actual minimum depends on how you’re paying and where you’re based.
  

• Crypto Trading Fees

  OKX uses a sliding fee system. The more you trade, the better your rates get. Entry-level fees start at 0.08% for makers and 0.10% for takers, but they drop if you hold OKB or trade higher volumes.
  

• AUSD Purchases

  Yes, you can use Australian dollars to fund your account. You’ll need to go through a payment provider like MoonPay or Banxa, or take the P2P route.
  

• KYC Required

  Yes. If you want full access and higher withdrawal limits, you’ll need to verify your identity.
  

• Free App

  Absolutely. It’s available on iOS and Android, and it packs everything into one streamlined experience.
  

For Australians, OKX doesn’t offer direct AUD deposits just yet, but there are plenty of workarounds. You can use a debit card, Apple Pay, or connect through Banxa and MoonPay to get your funds in. There’s also a P2P marketplace, which lets you buy from other users using local bank transfers and other Aussie-friendly options.

OKX also goes beyond trading. It has its own Web3 wallet, where you can explore NFTs, Decentralized Exchanges (DEXs), staking pools, and early-stage token launches. If you’re into DeFi or just curious about what’s next in crypto, it’s a solid jumping-off point.

Security is baked in across the board. With cold wallet storage, proof-of-reserves, and 2FA, your funds stay locked down.

Security & Regulations

OKX takes security seriously. Cold storage is used for most user assets, and you’ll be prompted to set up 2FA as soon as you register. They also publish proof-of-reserves, so users can verify that their funds are actually there. KYC is required for most activities, in line with international regulations. While OKX doesn’t have a local Australian license, it adapts to regulatory shifts and is accessible across multiple regions.

OKX Pros & Cons

OKX is a flexible, feature-rich crypto platform that works for casual traders and experienced pros alike. It offers a strong mix of tools, solid security, and support for a huge list of assets. While there’s a bit of a learning curve if you want to go beyond simple trades, the platform rewards time spent learning. For Australians who are comfortable using card payments or P2P options, OKX is a solid choice to explore everything from trading to DeFi in one place.

Get a full picture of this exchange in our comprehensive OKX review.

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5. MEXC: Best Leveraged Trading Platform for Australian Users

MEXC is where you go when you want a buffet of crypto coins and a little spice in your trading. With over 2,400 tokens and futures contracts offering up to 200x leverage, this is not a place for casual window shopping. It’s more like a high-stakes playground for traders who want to go beyond the basics and get their hands on trending projects before they blow up.

• Available Crypto Coins

  MEXC lists over 2,400 cryptocurrencies, which is more than enough to keep any altcoin hunter busy.
  

• Minimum Deposit

  You can start trading with just 1 USDT or 0.0001 BTC, so even if you’re testing the waters, you won’t need to go all in.
  

• Crypto Trading Fees

  Spot fees are basically nonexistent for makers, and pretty low for everyone else. Futures traders also get some of the cheapest fees around.
  

• AUSD Purchases

  Yes, you can buy crypto with AUD using third-party services like Banxa. Bank transfers, debit cards, even Apple Pay, it’s all covered.
  

• KYC Required

  Yep, if you want full access to everything the platform offers, including bigger withdrawals and fiat services, you’ll have to complete the KYC verification process.
  

Australians can jump in pretty easily thanks to third-party AUD ramps and a P2P marketplace that lets you pay with local methods. You won’t find direct AUD bank support just yet, but there are enough alternatives to get started fast.

MEXC isn’t shy about going big on features. It supports everything from spot and margin trading (check out margin trading platforms) to leveraged ETFs, staking, and even token launchpads. Whether you’re into short-term flipping or trying to find the next moonshot, there’s a tool for it here.

Just know that while the exchange is packed with options, it’s not regulated in Australia. Security is tight, though, with cold wallet storage and multi-factor authentication baked in.

Security & Regulations

MEXC doesn’t cut corners when it comes to protecting user funds. Cold wallet storage and 2FA are standard, and they run regular audits to patch vulnerabilities. While it’s not regulated locally in Australia, the platform sticks to global compliance protocols and takes KYC seriously.

MEXC Pros & Cons

MEXC is a great fit for traders who want more than just the usual crypto experience. It’s fast, packed with features, and doesn’t hold back on giving you tools to chase both the popular and the obscure. Aussies looking for deep markets and serious leverage will find a lot to like. Just make sure you’re comfortable with the pace and have a bit of experience under your belt, because this platform doesn’t come with training wheels.

Know more about this popular exchange in our MEXC review for beginners.

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6. BingX: Top Crypto Exchange for Buying & Selling Crypto in Australia

BingX is the kind of platform that keeps things approachable without watering anything down. It’s got the basics like spot and futures trading (check out top futures trading platforms), but also fun extras like copy trading and grid bots. Beginners can keep it simple, and seasoned traders can get into the weeds with leverage and derivatives.

• Available Crypto Coins

  BingX lists over 1,000 cryptocurrencies, giving traders more options than a late-night food court.
  

• Minimum Deposit

  You can jump in with as little as 1 USD or 0.001 BTC. No big upfront commitment needed.
  

• Crypto Trading Fees

  Flat and simple. It’s 0.1 percent for both makers and takers on spot trades.
  

• AUSD Purchases

  Yep, Aussies can use AUD through third-party providers to grab their favorite tokens.
  

• KYC Required

  Yes, you’ll need to go through a quick ID check to unlock full access. Nothing wild, just the usual.
  

• Free App

  Available on both iOS and Android. You can check charts while waiting for your morning coffee.
  

If you’re in Australia, you’ll be able to fund your account using AUD via trusted payment partners like MoonPay and Banxa. BingX doesn’t hold AUD directly, but the on-ramp options are easy enough to work with. You can even use bank transfers and credit cards.

What really makes BingX stand out is its Copy Trading feature. You get to mimic the trades of top performers in real time, which is perfect if you’re still figuring out the ropes or just want to learn by observing. Add to that 150x leverage on USDT-margined futures, and you’ve got a platform that can go from chill to high-stakes in a couple of clicks.

There’s also a demo mode if you’re not ready to go live yet. So you can test ideas, mess around with trades, and get comfortable without putting money on the line.

Security & Regulations

BingX doesn’t cut corners on safety. They’ve got cold storage, 2FA, and they stick to KYC rules to stay compliant. Security audits are a regular thing, and they keep user data under tight control. Even though they operate globally, they keep things smooth and transparent for Aussies.

BingX Pros & Cons

BingX finds a middle ground between beginner-friendly tools and features that appeal to experienced traders. Whether you’re looking to dip your toe in the water or go full throttle with leverage and copy trading, the platform has enough flexibility to meet you where you’re at. It’s simple without being basic, and powerful without feeling overwhelming. Just the kind of balance that makes it worth checking out.

Read more about this crypto exchange in our dedicated BingX review.

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7. Swyftx: Leading AU Crypto Exchange with Support for 400+ Cryptos

Swyftx is built with Aussie traders in mind, and it shows. From fast bank transfers to straightforward tax tools, it takes a lot of the headache out of managing crypto locally. You can buy big names like Bitcoin and Ethereum, plus a bunch of lesser-known coins that might just be the next big thing.

• Available Crypto Coins

  Swyftx gives you access to over 400 cryptocurrencies, which means you’ve got a whole buffet of tokens to explore.
  

• Minimum Deposit

  The lowest you can start with is AUD $30. Not exactly pocket change, but manageable.
  

• Crypto Trading Fees

  Swyftx charges a flat 0.6 percent fee whether you’re buying or selling.
  

• AUSD Purchases

  Yep, you can use Aussie dollars directly. No conversions needed to get started.
  

• KYC Required

  Yes, you’ll need to verify your identity to unlock the full range of features like higher withdrawal limits and fiat transfers.
  

• Free App

  Totally free to download on both iOS and Android. No sneaky subscription charges.
  

Deposits in AUD are quick, and you’ve got plenty of payment options like POLi, PayID, credit or debit cards. Withdrawals? Also fast. Plus, if you’re someone who likes to keep things organized, the automated tax reporting and Koinly integration help you stay on the ATO’s good side.

Swyftx also makes it easy to build habits. Want to DCA into your favorite asset every week? Set it and forget it. Not ready to risk real money? Try the demo mode. Into passive income? There’s staking too.

Security’s tight, with two-factor authentication, biometric login, and most of the funds tucked away safely in cold storage. You’re not just winging it here.

Security & Regulations

Swyftx doesn’t play around with security. You’ve got the essentials like 2FA and cold storage, plus routine security audits to catch anything weird. KYC is mandatory, so expect to upload some ID. That’s all part of staying compliant with AUSTRAC, the Australian financial watchdog. Swyftx plays by the rules and keeps your info safe.

Swyftx Pros & Cons

If you’re in Australia and want a local platform that understands your needs, Swyftx is worth checking out. It’s easy to use, loaded with features, and doesn’t leave you guessing. Whether you’re stacking sats, trading altcoins, or just trying to get your feet wet, it’s a well-rounded option that lets you learn as you go while keeping your funds secure.

8. CoinSpot: Australian Crypto Exchange Charging Lowest Fees

CoinSpot has been around since 2013, making it one of the OG platforms in Australia’s crypto scene. It’s built a solid reputation for being easy to use, especially for newcomers, while still offering plenty of tools for more serious traders.

• Available Crypto Coins

  CoinSpot gives you access to over 400 cryptocurrencies. That means plenty of room to explore, whether you’re sticking to the classics or diving into lesser-known tokens.
  

• Minimum Deposit

  You can get started with as little as one Aussie dollar. Seriously, just one.
  

• Crypto Trading Fees

  CoinSpot charges 0.1% for market orders and 1% if you’re using the instant buy and sell function. The instant option is great if you want speed and convenience, but it costs a bit more.
  

• AUSD Purchases

  Yes, CoinSpot fully supports Australian dollars. You can deposit and buy directly using AUD with several payment methods.
  

• KYC Required

  Yep, you’ll need to go through the standard verification process to unlock all features. It’s part of keeping things above board.
  

• Free App

  There’s a solid mobile app available for both iOS and Android. Handy if you like to check charts in between your morning coffee and commute.
  

If you’re an Aussie, the AUD experience on CoinSpot is smooth as butter. You can fund your account using PayID, POLi, BPAY, OSKO, or a simple bank transfer. Most deposits clear quickly, so you’re not stuck waiting around.

They also offer features like staking, bundles if you want to diversify without picking tokens manually, and even a built-in NFT marketplace. Plus, the platform syncs up with tax tools like Koinly to make end-of-financial-year headaches a bit less painful.

Security-wise, they’ve got things locked down. We’re talking two-factor authentication, offline cold wallet storage, and even ISO 27001 certification, which is pretty rare in the crypto world.

Security & Regulations

CoinSpot takes security seriously. Your funds are mostly kept offline in cold storage, and the platform uses two-factor authentication and other protections behind the scenes. They’re also AUSTRAC-regulated and ISO 27001 certified, so you’re not flying blind here.

CoinSpot Pros & Cons

CoinSpot is a great pick for Australians looking for a crypto platform that’s easy to use without skimping on features. Whether you’re stacking Bitcoin, exploring NFTs, or just want a reliable way to get into the market, it’s got what you need.

It’s not perfect. The instant fees are a bit steep, and power users might want more bells and whistles. But overall, it’s a reliable and trustworthy exchange that gets the job done without any drama.

9. CoinJar: Australian Crypto Exchange With High Trading Volume

CoinJar is basically one of the OGs of the Australian crypto scene. It’s been around since 2013, which is a lifetime in crypto years. If you’re looking for something that feels local, with real AUD support and a solid track record, CoinJar delivers.

• Available Crypto Coins

  CoinJar offers access to over 50 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and a few under-the-radar tokens you may not find everywhere.
  

• Minimum Deposit

  There’s no fixed minimum. You could start with a few bucks or go big, depending on how you’re funding the account.
  

• Crypto Trading Fees

  CoinJar uses a tiered system based on how much you’re trading. Fees kick off at 0.1 percent for both makers and takers and get cheaper as you scale up.
  

• AUSD Purchases

  Yep, you can use Aussie dollars to buy crypto directly. It supports all the local favorites like PayID, BPAY, and bank transfer.
  

• KYC Required

  Yes, you’ll need to verify your ID to unlock the full suite of features. Think of it as a one-time setup that keeps things secure.
  

• Free App

  The mobile app is free, and it’s available on both iOS and Android. Clean interface, easy to use, does the job.
  

One cool feature is the CoinJar Card. It’s a crypto Mastercard that lets you spend your coins like cash. Whether you’re buying coffee or filling up petrol, it converts your crypto in real-time. Handy, right?

On the platform itself, you’ve got a smooth experience. Deposits and withdrawals in AUD are fast, and the layout’s simple whether you’re on your phone or desktop. It also lets you schedule repeat buys, track your portfolio, and prep for tax season without breaking a sweat.

Security’s tight, with cold storage, 2FA, and encryption layered throughout. Plus, CoinJar is registered with AUSTRAC and follows local compliance laws. You won’t find them playing fast and loose with your info or your funds.

Security & Regulations

CoinJar takes security seriously. They use two-factor authentication, cold wallets for the majority of funds, and do regular audits to keep everything above board. Since they’re fully registered with AUSTRAC, they follow the local rules and stay compliant with Australian regulations.

CoinJar Pros & Cons

CoinJar brings a reliable, Australia-first approach to crypto trading. It’s got the basics down, plus a few nice extras like the CoinJar Card and repeat buy options. It might not have the flashiest interface or the biggest coin list, but it’s built to be stable, safe, and user-friendly. Whether you’re just getting started or want a no-fuss way to manage your portfolio, CoinJar is worth a look.

10. Independent Reserve: Popular Crypto Exchange in Australia in 2025

Independent Reserve is one of those platforms that’s not trying to be flashy. It’s built for people who are here to take crypto seriously. The exchange has been around since 2013, and it’s earned a rep for being reliable, security-focused, and all about compliance. In fact, it was one of the first Aussie exchanges to snag ISO 27001 certification for information security. That’s not just a buzzword, it’s a big deal.

• Available Crypto Coins

  Independent Reserve gives you access to over 30 cryptocurrencies, including the usual heavy hitters like Bitcoin, Ethereum, and Litecoin.
  

• Minimum Deposit

  You can get started with as little as AUD $1, which is great if you’re just dipping your toes in.
  

• Crypto Trading Fees

  The fee structure is tiered based on your monthly trading volume. It starts at 0.5% and drops as your volume goes up.
  

• AUSD Purchases

  Yep, you can deposit and buy directly with Australian dollars using common local payment methods.
  

• KYC Required

  Yes. You’ll need to go through identity verification before unlocking the full range of features, like fiat deposits and higher withdrawal limits.
  

• Free App

  There’s a mobile app for both iOS and Android, and it won’t cost you anything to download or use.
  

If you’re in Australia, funding your account is straightforward. You can use bank transfers, PayID, or even international wires. AUD, NZD, USD, and SGD are all accepted. And when it comes to withdrawals, things move pretty smoothly.

Two features that really stand out are the AutoTrader and the Tax Estimator. AutoTrader lets you set up automated strategies like recurring buys, so you’re not glued to the screen every time BTC dips. And the Tax Estimator? A blessing during tax season, especially if you’re tracking capital gains for the ATO. It also supports SMSF accounts, so if you’re managing crypto for your retirement fund, you’re covered.

While the interface isn’t overly flashy, it’s more functional than it is intimidating. If you’ve used any investing platform before, you’ll find your way around without much fuss.

Security & Regulations

Independent Reserve doesn’t cut corners when it comes to safety. It uses cold wallet storage for the bulk of user funds, requires two-factor authentication, and runs regular audits to keep things tight. It’s also fully registered with AUSTRAC, which means it’s operating under official Aussie regulations and playing by the rules. That’s good news if you’re looking for peace of mind.

Independent Reserve Pros & Cons

Independent Reserve keeps it simple and secure, which can be exactly what you want in a crypto platform. It’s ideal if you’re in it for the long haul or managing bigger portfolios, like with SMSFs. While it doesn’t offer the most coins or the flashiest design, it makes up for that with features that actually matter, especially if you’re an Aussie looking to trade and stay tax-compliant without extra headaches.

Best Australian Crypto Exchanges Compared

Choosing a crypto wallet or exchange shouldn’t feel like solving a Rubik’s Cube blindfolded. We’ve made it simple with a side-by-side breakdown of the best options for Australian users, easy to follow, and even easier to act on.

At the end of the day, it’s all about finding what works for you. Find the platform that matches your goals, and start trading.

Types of Crypto Exchanges in Australia

If you are getting into crypto in Australia, it is not just about picking a random platform and hoping for the best. Different types of exchanges exist for different styles of trading, investing, and even how much control you want over your money. Let’s break them down properly so you know what you are getting into.

Centralized Exchanges (CEXs)

Centralized exchanges are the most common and beginner-friendly platforms. You sign up for an account, deposit your Australian dollars using methods like bank transfer or PayID, and start trading. The exchange acts like the middleman, handling all the technical stuff behind the scenes. They also store your funds temporarily if you leave your crypto on the platform.

Centralized exchanges usually offer a full buffet of services, like spot trading, staking, crypto savings accounts, and sometimes even NFT marketplaces. You will have to complete identity verification (KYC) to use all the features, which means uploading ID and personal info. In return, you get an easy, smooth experience that feels more like using a banking app than diving into hardcore crypto.

Centralized platforms might feel smooth and secure, but they’ve shown serious vulnerabilities when mismanaged. As reported by the Harvard Bankruptcy Roundtable, the FTX collapse was “a failure of centralized governance in the name of decentralized cryptocurrencies,” highlighting how poor oversight and internal controls can bring down even the largest names in crypto.

Good examples: Binance, Swyftx, CoinSpot, Independent Reserve, CoinJar

Decentralized Exchanges (DEXs)

Decentralized exchanges take out the middleman completely. Instead of creating an account, you connect your personal crypto wallet directly to the platform and trade peer-to-peer. Your funds stay in your wallet, not locked inside a company’s database, and you never need to hand over personal information.

On a DEX, trades happen through smart contracts, meaning you swap tokens with other users automatically without anyone managing it in the background. DEXs are where you will find a lot of smaller, newer tokens before they hit the big exchanges. They give you full control over your crypto but also full responsibility; if you mess up a trade or interact with a scam token, there is no customer support to save you.

Decentralized exchanges let users stay in control of their assets, and that model has shown surprising resilience. According to the Harvard Business Review, many decentralized platforms “have weathered the crypto crash better than their centralized counterparts,” thanks to transparency and smart contract automation built into their design.

However, as reported by the Financial Services Compensation Scheme (FSCS), “Crypto investors are unlikely to have access to compensation even when platforms fail,” highlighting why decentralized exchanges, while empowering, also come with higher user responsibility and zero recourse in case of scams or lost funds.

Good examples: Uniswap, PancakeSwap, Best Wallet’s integrated DEX aggregator

Broker-Style Platforms

Broker platforms are built for speed and simplicity. Instead of matching you with other traders, the platform sells crypto directly to you at a set price. You place your order, and they fulfill it immediately without needing to mess around with trading charts or order books.

These platforms often look and feel more like stock trading apps. You know exactly what you are paying and getting, but you usually pay a bit extra for the convenience. They are perfect for beginners who just want to buy Bitcoin or Ethereum without thinking too hard about it.

Good examples: eToro, CoinSpot Instant Buy, Swyftx Quick Buy

Peer-to-Peer (P2P) Exchanges

P2P crypto exchanges connect buyers and sellers directly. Instead of buying from the platform, you are buying from another person. The platform usually holds the crypto in escrow until payment is confirmed, which adds a layer of protection.

You can negotiate prices, choose from different payment methods, and sometimes score better deals than on regular exchanges. But you also need to be careful, because dealing with individual people adds a little extra risk. P2P is great if you want more payment flexibility or want to avoid traditional bank deposits altogether.

Good examples: Binance P2P, OKX P2P, Paxful

Hybrid Exchanges

Hybrid exchanges aim to combine the best parts of centralized and decentralized platforms. They offer the smooth, user-friendly experience of centralized exchanges, but give you more control over your crypto like a DEX would.

You might be able to keep custody of your own funds while still using the exchange’s liquidity and trading features. Hybrid platforms are still relatively new, but they are growing fast as more users want security and control without losing out on speed and convenience.

Good examples: Best Wallet (moving toward hybrid model).

Each type of crypto exchange offers something different depending on what you care about most: convenience, control, or cost. Centralized exchanges are the easiest place to start if you are new. Decentralized platforms are the next step if you want full control over your crypto. Broker platforms are great for no-fuss buys, P2P is for deal hunters, and hybrids are trying to give you a little bit of everything.

At the end of the day, it is all about what feels right for you and how hands-on you want to be with your crypto journey.

How to Select the Best Crypto Exchange in Australia?

Choosing a crypto exchange is not just about picking the first one that looks shiny. It is a little like picking a car. Sure, they all drive, but do you want speed, safety, a smooth ride, or a crazy loud engine?

Same thing with exchanges. You want one that actually fits your goals, your style, and your comfort level. Here is everything you should look at before diving in.

1. Security First, Always

This is the big one. You are trusting a platform with your money, so it better know how to keep it safe. Look for exchanges that offer two-factor authentication (2FA), cold wallet storage for customer funds, strong encryption, and a good history with no major hacks. If they brag about things like ISO 27001 certification or proof-of-reserves audits, that is a very good sign.

Also, make sure the exchange is registered with AUSTRAC. It means they are following Australian laws and not operating in the shadows.

Bottom line: If it looks sketchy or you cannot find clear info about their security, run.

2. Ease of Use

You do not want to feel like you are launching a spaceship just to buy some Bitcoin. A good exchange should have a clean, simple layout that makes sense whether you are on your phone or computer. Look for easy deposit methods, clear buy and sell buttons, and a dashboard that lets you track your portfolio without needing a PhD in finance.

If the app or website feels clunky, slow, or confusing when you first sign up, it is not going to magically get better later.

Pro tip: Some exchanges even offer demo modes where you can practice trading with fake money first. A huge plus if you are still learning.

3. Supported Cryptocurrencies

Not every exchange lists every coin. Some only offer the big guys like Bitcoin and Ethereum. Others throw open the gates and let you trade thousands of altcoins, NFTs, and whatever new project just launched last Tuesday.

Think about what you actually want to buy. If you are just stacking Bitcoin or ETH, pretty much any major exchange will do. If you are an altcoin hunter or you love chasing early projects, you will want a platform with a bigger selection.

Heads up: Some exchanges offer hundreds of coins but have very low liquidity on the smaller ones. That means you might struggle to buy or sell them quickly without getting a terrible price.

4. Fees and Costs

Every exchange charges something, but they all do it a little differently. Some take a small cut from every trade. Some build the fee into the price without you really noticing. Others charge extra for certain features like instant buying or credit card deposits.

You want to know exactly what you are paying. Always check the spot trading fee, deposit and withdrawal fees, and any hidden charges before you commit.

If you are trading a lot, even tiny fee differences will add up fast. And if you are just buying and holding, you might be fine paying a tiny bit extra for more convenience.

Quick tip: Some exchanges give you discounts if you use their native token to pay for fees, like BNB on Binance.

5. Deposit and Withdrawal Methods

You need a way to get your Aussie dollars onto the platform easily. Good exchanges offer fast and reliable options like PayID, POLi, bank transfers, debit or credit cards, and even Apple Pay.

You also want to check how long withdrawals take and what the withdrawal fees are. Some platforms are great at getting your money in but suspiciously slow when it is time to cash out.

Watch out for:

• High deposit fees (some charge extra for card payments)
• Slow bank transfers
• Withdrawal minimums that are annoyingly high

6. Regulation and Licensing

Australia has real rules about crypto exchanges now, and that is a good thing. If an exchange is registered with AUSTRAC and follows local financial laws, you can breathe easier knowing they are playing by the book.

Aussie exchanges like Swyftx, CoinSpot, and Independent Reserve are properly regulated, so they are built to meet Australian standards. Global platforms like Binance and OKX operate internationally, but you still want to make sure they are accessible and compliant enough for Aussie users.

Bottom line: You want an exchange that is legal, trusted, and not going to vanish overnight with your money.

KYC is another thing to look out for regarding regulation. According to the Atlantic Council’s Crypto Regulation Tracker, “Australia has implemented comprehensive AML/CTF requirements for crypto exchanges,” including mandatory registration with AUSTRAC, identity verification, and suspicious transaction monitoring, making it one of the more proactive jurisdictions globally.

7. Customer Support

You might not think about customer service until something goes wrong. Then you are going to really wish you picked an exchange that actually answers emails.

Good exchanges offer live chat, email support, or at least a fast help desk. Some even have detailed help centers with guides that explain how to fix common problems. If an exchange is slow to respond or has a terrible reputation for ghosting users, that is a huge red flag.

Quick check: Try messaging support with a small question before you fully sign up. If they take forever to answer or give you a useless reply, maybe keep looking.

8. Extra Features

Some exchanges are plain and simple. Others load up with extras like staking, savings accounts, tax reporting tools, copy trading, and NFT marketplaces.

Ask yourself what matters to you.

You do not need all the bells and whistles when you start, but it is nice to know they are there if you want them later.

Picking the best crypto exchange in Australia is all about matching it to your style. Are you just buying Bitcoin and chilling? Go for simple, safe, and cheap. Are you trading altcoins and experimenting with DeFi? Look for bigger selections and lower fees.

You want to choose a platform that feels good to use, keeps your money safe, and does not make you jump through hoops. Get the basics right, and you will be set up for a much smoother crypto journey.

How to Buy Crypto in Australia?

Buying crypto in Australia is way easier than it used to be. You do not need to be a tech genius or memorize complicated steps anymore. These days, it is as simple as downloading an app, setting up your account, and making a few taps. To make it even clearer, I will walk you through exactly how to do it using Best Wallet as an example.

Here is the full play-by-play:

Step 1: Download Best Wallet

First things first, head over to the Best Wallet website or just search for Best Wallet in the App Store or Google Play. Download the app and install it on your phone. It is completely free and does not hit you with any sneaky fees later either.

Hot tip: Always double-check that you are downloading the official app, not some fake one.

Step 2: Set Up Your Wallet

Once the app is installed, open it up and follow the prompts to create a new wallet. Best Wallet makes it super simple. You just set a password, and they will give you your secret recovery phrase (sometimes called a seed phrase).

Important: Write that recovery phrase down somewhere safe. Not in your phone notes. Not in a random text to yourself. This phrase is the one thing that can unlock your wallet if you ever lose your phone or forget your password.

Think of it like the ultimate secret key. Lose it, and no one, not even Best Wallet, can help you get back in.

Step 3: Connect to a Payment Provider

Best Wallet works with Aussie-friendly payment services like MoonPay and Banxa. These companies let you buy crypto directly with your Australian dollars using a debit card, bank transfer, or other easy methods.

Inside the app, tap the “Buy” button. You will be asked to pick your payment provider. Choose whichever one works best for you and follow the simple steps to connect.

You will usually need to verify your email and maybe confirm a few basic details. Nothing crazy, no need for passports or holding up a sign.

Step 4: Choose the Crypto You Want to Buy

Once you are connected, you will see a list of the best cryptocurrencies you can buy. Best Wallet supports a massive range of coins across dozens of blockchains like Ethereum, Binance Smart Chain, and Polygon. If you are new, you might want to start with something like Bitcoin (BTC) or Ethereum (ETH). If you are feeling a bit adventurous, you can also explore smaller altcoins.

You can pick the crypto you want, type in how many Australian dollars you want to spend, and double-check the preview of your order.

Step 5: Complete Your Purchase

After you are happy with your order, hit confirm. Your payment provider will process the transaction. Depending on the method you choose (card, bank transfer, etc.), it could take anywhere from a few minutes to a couple of hours.

Once it is done, the crypto you bought will land right inside your Best Wallet. No extra steps needed. You now officially own crypto. Welcome to the club.

Step 6: Explore, Stake, Swap, or HODL

The beauty of Best Wallet is that you are not stuck just holding your crypto. From inside the app, you can do a lot of cool stuff like:

It is like having an all-in-one kit for crypto, but without needing a manual to figure it out, and best of all, it’s all in your phone.

Buying crypto in Australia today is as easy as ordering a coffee, and Best Wallet makes the whole thing even smoother. Download the app, set up your wallet, connect a payment provider, and you are good to go. Whether you are stacking Bitcoin or hunting for the next big altcoin, you will have everything you need right in your pocket.

The biggest thing to remember? Always keep your recovery phrase safe, only invest what you can afford to lose, and have fun learning as you go.

Conclusion: Best Crypto Exchanges in Australia

Getting into crypto in Australia used to feel complicated, but now it’s smoother than ever. Whether you are after a reliable cryptocurrency exchange, a fast digital currency exchange, or even a wallet that keeps you close to the action without the hassle, you have some seriously good choices.

If you want a clean, simple start without getting tangled in KYC checks, Best Wallet is a great choice. You can jump into cryptocurrency trading, swap different coins across 60+ blockchains, and buy directly with AUD through trusted fiat currency providers. Plus, it plays nicely with services like Google Pay and handles AUD withdrawals without making you jump through hoops. It also has a simple user interface, low trading fees (0 trading fees, in fact, you just pay gas fees for using their built-in DEX).

If you are more about big trading platforms, you will find heavyweights like Binance, Coinbase, and OKX. They offer everything from advanced trading features, trading desk features, to competitive trading fees, not to mention strong account security and lightning-fast average response time when you need help.

Aussie users are in a good spot too. Thanks to local Australian financial regulations, exchanges are now cleaner, safer, and a lot more straightforward. You can fund your exchange account using AUD trading pairs, easily log in with your email address and full name, and get started without needing to understand every tiny piece of the crypto industry first.

You can chase different cryptocurrencies, build crypto bundles, or keep it simple with a few top coins. The beauty of it all is that you get to pick the setup that fits your style. Maybe you want the all-in-one power of a platform like OKX, the local simplicity of CoinSpot, or the non-custodial control that Best Wallet hands you from the jump.

Wherever you start, the important thing is that you actually start. Test the waters. Learn as you go. Trade a little, stake a little, maybe even find your next favorite coin hiding in a sea of digital currencies.

See Also: Biggest Crypto Exchanges in May 2025

References

• Atlantic Council. “Crypto Regulation Tracker.” Atlantic Council, https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/.
• Reddit. “Almost Impossible to Trade BTC Without Government Surveillance in Australia.” Reddit, https://www.reddit.com/r/BitcoinAUS/comments/1h0667u/almost_impossible_to_trade_btc_without_government/.
• Harvard Law School. “Crypto Bankruptcy Series: FTX Bankruptcy—A Failure of Centralized Governance in the Name of Decentralized Cryptocurrencies.” Harvard Law School Bankruptcy Roundtable, 28 Feb. 2023, https://bankruptcyroundtable.law.harvard.edu/2023/02/28/crypto-bankruptcy-series-ftx-bankruptcy-a-failure-of-centralized-governance-in-the-name-of-decentralized-cryptocurrencies/.
• Catalini, Christian, and Deepa Seetharaman. “Why Decentralized Crypto Platforms Are Weathering the Crash.” Harvard Business Review, Dec. 2022, https://hbr.org/2022/12/why-decentralized-crypto-platforms-are-weathering-the-crash.
• Financial Services Compensation Scheme. “Cryptocurrencies: Know the Risks – and What’s Covered.” FSCS, https://www.fscs.org.uk/news/protection/cryptocurrencies-risk-cover/.