Crypto apps enable you to buy and sell digital currencies like Bitcoin and keep tabs on the market in real-time. Top crypto apps are fully optimized for iOS and Android devices so that you can access your portfolio in a user-friendly manner.

In this guide, we compare the 10 best crypto apps in Australia for 2022 in terms of supported markets, deposit and trading fees, usability, tracking tools, and more.

The 10 Best Crypto Apps in Australia for 2022

We found that the best crypto apps in Australia are the 10 providers outlined below:

  1. eToro – Overall Best Crypto App in Australia for 2022
  2. Crypto.com – Top App to Buy 250+ Crypto Assets With Low Fees
  3. Coinbase – User-Friendly Crypto App With Great Security
  4. Binance – Best App for Crypto Trading
  5. Swyftx – Simple Crypto Trading App for Australians
  6. Exodus – Best Crypto Wallet App
  7. Blockfolio (Now FTX) – Best Crypto Portfolio Tracker App
  8. Digital Surge – Buy Crypto on Your Smartphone in Under 2 Minutes
  9. CoinSpot – Buy, Sell, and Swap 350+ Tokens via an Australian Crypto App
  10. Kraken – Trusted Crypto App With a Minimum Deposit of Just $5

Cryptoassets are a highly volatile unregulated investment product.

Keep on reading to find our comprehensive reviews of the 10 best crypto apps in Australia listed above.

1. eToro – Overall Best Crypto Trading App in Australia for 2022

etoro review

Our research findings concluded that for supported markets, low fees, customer service, regulation, and trading tools – eToro offers the overall best crypto app in Australia for 2022. Founded in 2007, eToro now offers trading services to over 25 million clients – many of which are based in Australia.

Perhaps a notable motivation for Australians choosing eToro to buy and sell crypto is that the platform is authorized and regulated by ASIC. Moreover, eToro is also approved by licensing bodies in the US, UK, and Cyprus. Before trading on the eToro app, you will need to open an account – which rarely takes more than five minutes.

Then, you can download the app for your iOS or Android device and make a first-time deposit of just $50. Payment options when using the eToro app include debit and credit cards, PayPal, Skrill, online banking, POLi, and more. All of the aforementioned payment methods are charged a fee of just 0.5% – which is one of the most competitive we came across.

etoro app review

Once your account is funded, the eToro app then gives you direct access to 59 digital currencies. This means that you can buy Bitcoin, Ethereum, EOS, Dash, Monero, XRP, BNB, Bitcoin Cash, AAVE, Decentraland, and much more at the click of a button.  And, when you invest in cryptocurrency on the eToro app – you will only need to risk $10 per trade.

This will suit traders that wish to diversify across many different digital currencies with a small capital outlay. We also like the eToro app for its crypto wallet capabilities. That is to say, once you have bought your chosen digital currency, the eToro app doubles up as a safe and secure storage facility.

In terms of trading fees, eToro charges just 1% above the market bid/ask price. What we also like about the eToro crypto app is that it offers professionally managed portfolios. Once you have chosen your desired market or strategy – many of which focus on crypto, your portfolio will be managed by the eToro team. You can also copy other traders on the eToro app.

etoro app review

For instance, if you decide to copy a seasoned crypto trader that uses the eToro platform themselves, all future investments will be copied into your own portfolio. In addition to cryptocurrencies, eToro also gives Australian investors access to traditional asset classes. This covers thousands of international stocks and ETFs that can be bought and sold at 0% commission.

As an Australian retail client, you will also have access to crypto CFDs. On the eToro crypto app, this enables you to trade digital currencies with leverage of 1:2 – subsequently doubling your stake. CFDs on the eToro app also allow you to short-term a digital currency – should you think that the token is overvalued.

Number of Cryptos 59
Fee Structure 1% + Bid/Ask Spread
Debit/Credit Card Fee 0.5% conversion fee
Minimum Deposit $50

What We Like:

  • 59 cryptocurrencies to trade
  • Minimum position size only $10
  • Regulated by the FCA, ASIC, CySEC, FinCEN, and FINRA
  • Accepts wide range of deposit methods
  • Access copy trading tools
  • Free crypto wallet app

Cryptoassets are a highly volatile unregulated investment product. 

2. Crypto.com – Top App to Buy 250+ Crypto Assets

crypto.com logo

Next up on our list of the best crypto apps in Australia is Crypto.com. This popular and user-friendly crypto app offers some of the lowest trading fees in this industry – with Australians paying just 0.40% per slide. And as such, for every $500 worth of digital currency that you buy or sell, Crypto.com will charge you just $2.

Moreover, Crypto.com has a dynamic pricing structure in place – which means that you will have the opportunity to reduce your commission when you hit certain trading milestones. Lower fees can also be achieved when you own a minimum number of Cronos – which is the native Crypto.com token.

Getting money into your Crypto.com account is also a breeze. For instance, you can buy crypto instantly using a debit or credit card, which is charged at 2.99% of the transaction amount. You can also deposit funds via a bank transfer – which comes without any transaction fees at all. Crypto deposits are also supported should you have some digital tokens to hand.

crypto.com app review

We also found that Crypto.com is the best crypto app in Australia for asset diversity. That is to say, once you have an account with this provider, you will have access to over 250 digital currencies of all shapes and sizes. We also like that you can deposit your tokens into a crypto savings account – which will enable you to generate interest on your investments.

In terms of APYs, you can earn up to 14.5% annually – albeit, the specific rate of interest will depend on your chosen token. Furthermore, higher APYs are offered on a 3-month lock-up term, although 1-month and even flexible accounts are available too. Should you wish to release some equity from your digital currency investments, Crypto.com also offers crypto loans.

The highest LTV on offer is 50% – so if you own $5,000 worth of crypto, you can borrow up to $2,500 at industry-leading interest rates. When it comes to safety, Crypto.com is approved by regulators in the US and 100% of client digital funds are kept offline in cold storage. Ultimately, millions of clients from all over the world use the Crypto.com app – which is testimony to its reputation

Number of Cryptos 250+
Commission Structure Up to 0.40% per slide
Debit/Credit Card Fee 2.99%
Minimum Deposit $20 for bank transfers

What We Like:

  • Over 250 cryptos to trade
  • User-friendly mobile app
  • Buy crypto instantly using a debit/credit card
  • Can reduce maker/taker fees by paying in CRO
  • Crypto interest accounts pay an APY of up to 14.5%

Cryptoassets are a highly volatile unregulated investment product. 

3. Coinbase – User-Friendly Crypto App With Great Security

Coinbase came out as one of the best crypto apps in Australia for both user-friendliness and security. The Coinbase app has been fully optimized for both iOS and Android devices and you are not required to have any prior trading experience to get started.

Opening an account takes less than 10 minutes – which includes the KYC verification process. This crypto app provider gives you access to just over 50 digital currencies – most of which are medium or large-cap tokens. Some of the most commonly traded tokens at Coinbase include Bitcoin, Ethereum, Dogecoin, Shiba Inu, and Cardano.

You won’t, however, be able to buy Binance Coin or XRP here. Nonetheless, the Coinbase app enables you to deposit funds instantly with a debit or credit card issued by Visa or MasterCard. Unfortunately, fees charged when using this payment method amount to 3.99% of the transaction amount and even more when you buy less than $200 worth of crypto.

coinbase app review

This is why it might be best to deposit funds via a bank transfer – which is fee-free. Standard buy and sell commission on the Coinbase crypto app amounts to 1.49% per slide and there is no reduction for trading larger amounts. Unlike Crypto.com, Coinbase does not offer savings accounts that pay interest.

You can, however, earn up to 5% annually when by using the app’s staking feature. This covers six tokens at the time of writing, albeit, support for additional staking coins is expected soon. There is a lack of copy trading and diversified investment tools here, so Coinbase is best used for long-term investors that seek a simple app interface.

When it comes to safety, Coinbase has a great reputation in this department. The app provider keeps 98% of client digital funds in cold storage at all times and you will need to go through a two-factor authentication process every time you log into your account. Coinbase is regulated in the US and the firm is now a public stock on the NASDAQ exchange.

Number of Cryptos 50+
Commission Structure 1.49% per slide
Debit/Credit Card Fee 3.99%
Minimum Deposit No minimum deposit stated

What We Like:

  • Beginner-friendly mobile app
  • Can purchase crypto using Visa and MasterCard
  • Free Coinbase Wallet app
  • Keeps majority of customer holdings in cold storage

Cryptoassets are a highly volatile unregulated investment product. 

4. Binance – Best App for Trading Cryptocurrency

binance logo

While the aforementioned Coinbase is ideal for beginners that wish to buy digital tokens long-term, Binance is the best app for crypto trading in Australia. As an Australian resident, you will have access to the main Binance crypto exchange – which covers no less than 1,000+ markets.

This even includes crypto assets that can be traded against the Australian dollar – with pairs including BTC/AUD and ETH/AUD. All of the crypto markets that are hosted on the Binance app – which can be downloaded free of charge for iOS and Android phones, will attract a small commission of just 0.10% per slide.

Just like Crypto.com, the Binance app gives you the option of paying commission with its native token – BNB, which will reduce your fee by 25%. Lower commissions are also offered when you trade higher amounts. We also like the Binance crypto app for its advanced trading tools. This is inclusive of crypto futures and options that can be traded with leverage.

binance app review

This will appeal to seasoned day traders that have a higher tolerance for risk. You can also access technical indicators and chart drawing tools – all of which have been fully optimized on the provider’s mobile app. When it comes to opening an account, Binance utilizes automated KYC tools – so you should be ready to get in under 10 minutes from start to finish.

You can easily deposit funds with a debit or credit card, but fees can vary depending on the respective third-party payment processor. If you’re looking to deposit funds via BPAY, this is facilitated by Binance on a fee-free basis. In terms of security, the regulatory status of Binance is still a grey area. As such, several regulators have since begun an investigation into the exchange. 

You will, however, benefit from a wide range of security tools – such as two-factor authentication and biometric login tools. We also like the Safe Asset Fund for Users (SAFU). This takes a percentage of the trading commissions collected by Binance and puts the funds into a reserve pot – which would be used in the event of a hack.     

Number of Cryptos 600+
Commission Structure Up to 0.1.% per slide
Debit/Credit Card Fee Depends on the payment processor
Minimum Deposit No minimum deposit stated

What We Like:

  • Wide range of markets to trade
  • Low trading fees
  • Extensive charting options
  • Can reduce trading fees by paying in BNB

Cryptoassets are a highly volatile unregulated investment product. 

5. Swyftx – Simple Crypto Trading App for Australians

Swyftx reviewSwyftx offers a crypto app for both iOS and Android devices that is popular with Australian retail clients. Both the Swyftx app and web trading platform are simple to use, so this provider is a good option if you have little to no experience in buying and selling cryptocurrencies. 

In total, Swyftx gives you access to over 290 digital currencies. As such, Swyftx will suit those of you that are planning to build a diversified portfolio. We also like the Swyftx app for its low fee pricing structure. For instance, many supported payment methods enable you to deposit and withdraw Australian dollars without paying any transaction fees.

swyftx app review

Commissions are charged at just 0.6% per slide, albeit, lower fees are offered when you trade larger volumes. In terms of spreads, this starts at just 0.41%.  Getting money into your Swyftx account is easy, as the crypto app supports PayID, POLi, and bank transfers. Moreover, you can also fund your account instantly with a debit or credit card.

However, this payment method is processed by a third party, which will result in a fee of 4%. The Swyftx app comes with a range of popular features that will appeal to long-term investors. This includes staking tools – which enable you to earn interest on your idle tokens. You can also set up recurring orders – which is great for dollar-cost averaging.

Number of Cryptos 300+
Commission Structure Up to 0.6.% per slide
Debit/Credit Card Fee 4%
Minimum Deposit No minimum deposit stated

What We Like:

  • Australian-based crypto app
  • Non fees to deposit funds via PayID, POLi, or a bank transfer
  • Commission of 0.6% per slide
  • Staking tools

6. Exodus – Best Crypto Wallet App

Exodus Wallet LogoExodus is a crypto app that largely focuses on the safe storage of digital currencies. As such, this provider offers one of the best crypto wallet apps in Australia. Once you have installed the Exodus app, you will be able to send and receive more than 155+ cryptocurrencies.

You can also connect your Exodus app to a third-party hardware wallet for even greater security. Although Exodus is known for its wallet services, the app also gives you access to exchange tools. In fact, when swapping tokens via the Exodus app, you won’t be charged any transaction fees.

exodus app review

We also like Exodus for its clean and simple interface – as well as its portfolio management tools. The latter gives you a 360-degree overview of how your crypto investments are performing in real-time. Finally, Exodus also offers superb customer support – which is available 24/7.

Number of Cryptos 155+
Commission Structure No transaction fees
Debit/Credit Card Fee Not directly supported
Minimum Deposit No minimum deposit

What We Like:

  • Top crypto wallet app
  • Supports 155+ digital currencies
  • Send, receive, and swap tokens within the app
  • Link your account to a hardware wallet

7. Blockfolio (Now FTX) – Best Crypto Portfolio Tracker App

Blockfolio review

If you’re looking for the best cryptocurrency app in Australia for portfolio tracking tools – look no further than Blockfolio. In a nutshell, this top-rated app enables you to track the real-time performance of over 10,000 digital currencies.

As such, if you own a variety of tokens and you wish to stay updated with market prices at the click of a button, Blockfolio has you covered. The Blockfolio app – which is compatible with both iOS and Android, is now used by over 6 million people from 200+ countries.

blockfolio app review

Crucially, Blockfolio was recently acquired by leading crypto exchange FTX for a deal worth $150 million. And as such, the Blockfolio app now gives you access to digital currency trading services. The FTX acquisition also means that you can earn up to 8% in rewards when you make a deposit – which covers both fiat money and crypto tokens.

Number of Cryptos 10,000+
Commission Structure Based on FTX prices
Debit/Credit Card Fee Facilitated by FTX
Minimum Deposit No minimum deposit

What We Like:

  • Best crypto tracking app in the market
  • 10,000+ tokens supported
  • Recently acquired by FTX
  • User-friendly interface

8. Digital Surge – Buy Crypto on Your Smartphone in Under 2 Minutes

digital surge Blockfolio

The next provider to consider from our comparison of the best crypto apps in Australia is Digital Surge. This popular and simple mobile app allows you to set up a verified trading account in under two minutes from start to finish. As such, Digital Surge is a notable option if you wish to buy crypto in the fastest way possible. 

In fact, Digital Surge notes that you can deposit funds instantly when using either PayID or POLi. When it comes to fees, you will pay between $2 and $3.30 when opting for POLi, albeit, PayID transactions are processed free. Trading commissions are charged at 0.5% per slide. However, if you trade more than $100,000 in a 30-day period, your commission will be reduced.

digital surge app review

The Digital Surge crypto app comes packed with additional tools and features. For example, the app doubles up as a crypto wallet for the safe storage of your crypto assets. Moreover, you can track the value of your cryptocurrencies in real-time and even sign up for personalized price alerts. Customer service is offered on the Digital Surge app via live chat.

Number of Cryptos 300+
Commission Structure Up to 0.5% per slide
Debit/Credit Card Fee N/A – PayID and POLi only
Minimum Deposit No minimum deposit stated

What We Like:

  • Transparent fee structure
  • Over 300+ cryptocurrencies supported
  • Secure wallet service
  • Free deposits when using PayID

9. CoinSpot – Buy, Sell, and Swap 350+ Tokens via an Australian Crypto App

coinspot reviewCoinSpot is yet another option to consider if you’re searching for the best crypto app in Australia for asset diversity, not least because the provider gives you access to over 30 tokens. The process of opening an account with CoinSpot is simple and the verification process takes a matter of minutes.

We like the fact that CoinSpot allows you to deposit funds instantly and free via POLi and PayID. BPAY deposits, however, are charged at 2.5% of the transaction amount. When it comes to trading fees, CoinSpot charges just 0.10% per slide on market orders and OTC positions. You will, however, be charged an instant buy and sell fee of 1%.

coinspot app review

Moreover, the CoinSpot app charges a 1% fee on take-profit and stop-loss orders, which is somewhat unusual. Nonetheless, CoinSpot is used by more than 2 million traders and the platform supports two-factor authentication for your security. We also like that the CoinSpot crypto app offers customer support via a live chat facility on a 24/7 basis.

Number of Cryptos 350+
Commission Structure 0.10% on market orders. 1% on instant buy/sell, take-profit, and stop-loss orders
Debit/Credit Card Fee N/A – PayID, POLi, and BPAY only
Minimum Deposit $1 with the majority  supported payment methods

What We Like:

  • Commission of just 0.10% on market orders
  • 350+ coins supported
  • Over 2 million customers
  • Deposit funds instantly and free via POLi and PayID.

10. Kraken – Trusted Crypto App With a Minimum Deposit of Just $5

kraken review

The final option to consider from our comparison of the best apps to buy cryptocurrency is Kraken. This app provider first launched its online exchange in 2011 and as such – it has a long-standing reputation in this space. The Kraken crypto app is compatible with both iOS and Android and comes with a simple interface.

We like the fact that Kraken enables you to deposit Australian dollars via a local bank transfer at a minimum of just $5. Therefore, this top-rated crypto app will appeal to inexperienced investors that wish to start off with small amounts. Moreover, if you elect to transfer funds via Osko, your deposit will be credited near-instantly.

kraken app review

When it comes to supported markets, the Kraken app gives you access to over 65 digital currencies. The app utilizes a maker/taker pricing model that caps trading commissions at just 0,26% per slide. When you trade higher volumes, you will be offered an even lower commission rate.

Number of Cryptos 65+
Commission Structure Up to 0.26% per slide
Debit/Credit Card Fee N/A in Australia
Minimum Deposit $5 via bank transfer or Osko

What We Like:

  • Minimum deposit of just $5
  • Never pay more than 0.26% per slide in commission
  • Established in 2011
  • 65+ cryptocurrencies supported

Cryptoassets are a highly volatile unregulated investment product. 

Top Crypto Apps Compared

Below you find a comparison table of the 10 best crypto apps in Australia in terms of supported coins, commissions, debit/credit card fees, and minimum deposits.

Crypto Apps Services Number of Coins Commission (Excluding Spread) Debit/Credit Card Fee Minimum Deposit
eToro Brokerage, exchange, wallet 59 1% 0.50% $50
Crypto.com Exchange, NFT marketplace, wallet 250+ Up to 0.40% 2.99% $20 for bank transfers
Coinbase Exchange, wallet 50+ 1.49% 3.99% No minimum deposit stated
Binance Exchange, NFT marketplace, wallet 600+ Up to 0.10% Depends on processor No minimum deposit stated
Swyftx Exchange, wallet 290+ 0.60% 4% No minimum deposit stated
Exodus Wallet with build-in exchange 155+ No transaction fees Not directly supported No minimum deposit on crypto
Blockfolio Portfolio tracker 10,000 Facilitated by FTX Facilitated by FTX No minimum deposit
Digital Surge Exchange, wallet 300+ Up to 0.50% N/A – PayID and POLi only No minimum deposit stated
CoinSpot Exchange, wallet 350+ 0.10% on market orders N/A – PayID, POLi, and BPAY only $1 with the majority  supported payment methods
Kraken Exchange, wallet 65+ Up to 0.26% N/A in Australia $5 via bank transfer or Osko

Cryptoassets are a highly volatile unregulated investment product. 

How to Choose the Best Crypto App for You

When reviewing the best Bitcoin apps in Australia for 2022 – we found that no two providers are the same. For instance, although Blockfolio offers live tracking prices for over 10,000 digital currencies, it is only able to support deposits via FTX.

You then have Coinbase – which is great in terms of trust and reputation – but you’ll pay 3.99% to deposit funds with an Australian debit card.

As such, when searching for the best crypto app in Australia for your requirements – you will need to do some research. The most important considerations to make are discussed in the sections below.

Regulation and Trust

Most of the providers that we came across when reviewing the best apps for trading cryptocurrency are not regulated by a licensing body. This means that you are trusting your funds with a provider that does not have any regulatory oversight.

With that said, eToro is the exception to the rule here – as the brokerage firm is regulated not only by ASIC, but by bodies in Cyprus, the US, and the UK.

Another thing to look for when assessing whether or not your chosen crypto app can be trusted is the amount of time that the provider has been active in this space.

For instance, eToro was founded in 2007 – two years before Bitcoin was even launched. Kraken and Coinbase also stand out in this respect – not least because the providers were founded in 2011 and 2012, respectively.

User Experience

Most of the crypto apps that we reviewed today offer a simple and user-friendly interface that makes it easy to navigate. This is because the top crypto apps will optimize their software for both iOS and Android devices.

This isn’t to say that all crypto apps offer a good user experience though – so you’ll need to assess this before opening an account.

Tradable Cryptos 

There was also a disparity in the number and type of digital currency markets supported by the 10 crypto apps that we reviewed today. For instance, while the Crypto.com app allows you to buy and sell more than 250 tokens, Coinbase supports just 50.

etoro Tradable Cryptos 

Most importantly, you should check whether the specific cryptocurrencies that you wish to trade are supported by the app before proceeding.

Fees 

The main fees to look for when researching the best crypto app in Australia for you centers on funding and trading.

Regarding the former, while Coinbase and Swyftx charge in the region of 4% when adding Australian dollars with a debit/credit card, at eToro you will only pay 0.5%.

In terms of commissions, the most expensive provider that we came across was Coinbase – which charges a standard trading fee of 1.49% per slide. Fees are often charged when you withdraw funds from a crypto app too – so be sure to check this out.

Tools & Features 

The best apps for crypto trading in Australia give you access to a range of tools that can help you make better investment decisions.

For instance, the eToro app offers copy trading tools and smart portfolios – both of which enable you to invest in a passive nature.

etoro copy trading

The eToro app also allows you to set up real-time pricing alerts. Crypto.com also stands out when it comes to core features, as its app gives you access to interest accounts, loans, NFTs, and more.

Payment Methods 

All of the top crypto apps discussed today allow you to deposit funds with Australian dollars. This makes it a simple process to buy cryptocurrency for the first time.

However, supported payment methods will vary depending on which crypto app you select. For example, while Kraken allows you to deposit funds via a bank transfer, debit/credit cards are not available for Australian traders.

We found that the overall best crypto app in terms of payment methods is eToro, which not only supports debit/credit cards but e-wallets like Paypal and Skrill.

Customer Service 

If you are planning to facilitate all of your crypto trading needs via your smartphone, then you should choose a provider that offers customer support via a live chat feature.

This will enable you to receive real-time support without leaving the app. Many of the top crypto apps discussed today offer this feature on a 24/7 basis.

Best Crypto Wallet Apps

The best apps for buying crypto double up as a wallet. This means that you can buy, sell, trade, and store cryptocurrencies via a single hub.

etoro crypto wallet

  • In terms of the best crypto wallet app in Australia for storage, eToro is a great option if you’re looking for the perfect balance between safety and user-friendliness.
  • Crucially, the app connects to your main eToro account – which means that you can still deposit funds with Australian dollars and buy crypto at industry-leading fees.

The Crypto.com wallet is also worth considering, as 100% of client digital tokens are kept offline in cold storage. This greatly reduces the risk of being a victim of a remote hacking attempt.

Crypto Price Alert Apps

If you’re looking to stay updated with market prices in real-time, then you’ll want to choose a crypto app that offers alerts. Most of the top crypto apps that we reviewed today offer this as a free service.

Moreover, the likes of eToro allow you to customize what alerts you receive and when.

  • For example, you might decide to receive a real-time mobile notification when your favorite cryptocurrencies go up or down in value by 5% or more.
  • Alternatively, you might decide to receive a pricing alert when your chosen digital currencies hit a certain price target – such as Bitcoin surpassing a value of $65,000.

Crucially, the best crypto alert apps allow you to stay one step ahead at all times, and thus – you will never miss a trading opportunity again.

In particular, if the value of a cryptocurrency you own is tanking in value, a pricing alert will allow you to exit the trade without delay so that you can limit further losses.

How to Use a Crypto Trading App

The best crypto apps discussed today cover a range of services and trading tools.

With that said, if you’re looking for a regulated and trusted app that allows you to buy and sell crypto at low fees alongside solid wallet storage – eToro is the best option in the market.

As such, in the sections below we will show you to get set up with a verified eToro account in under five minutes.

Step 1: Open an Account

Before downloading the eToro app, you will need to open an account with the provider via your web or mobile browser. In addition to choosing a username and entering your contact details, you will need to provide some basic personal information.

etoro review

This will include your name and home address, alongside your date of birth and tax file number (TFN).

Step 2: Download eToro App

Now that you have an eToro account you can download the crypto app to your smartphone. The app is compatible with both iOS and Android.

Step 3: Verification

Before you can use the eToro crypto app to buy and sell digital currencies, you will need to upload some ID.

You can do this easily by taking a photo of your passport or driver’s license via your smartphone camera – which can then be uploaded directly into the eToro app. PDF copies are also supported.

Step 4: Deposit Australian Dollars

Although eToro operates in US dollars – you can deposit funds with a variety of local payment methods. This includes a bank transfer, POLi, Paypal, Skrill, and debit/credit cards.

etoro payment methods

You will need to deposit at least $50 to get started and your AUD transaction will be converted into USD at a competitive FX fee of just 0.5%.

Step 5: Search for Crypto 

Now that you have money in your eToro account, you can use the app to buy crypto. There is a handy search bar at the top of the app that allows you to find your chosen cryptocurrency with ease.

buy dogecoin on etoro

For example, in the image above, we are looking to buy Dogecoin.

Step 6: Buy Crypto  

Once you have selected a crypto asset to buy on the eToro app, you will need to place a market order. You will, however, first need to enter the amount of money that you want to risk on the trade. The minimum trade size on the eToro crypto app is just $10.

buy dogecoin on etoro

In our example above, we are staking $100 on a Dogecoin buy order. Finally, you can buy your chosen cryptocurrency by clicking on the ‘Open Trade’ button.

Conclusion

This comparison guide has reviewed the 10 best crypto apps in Australia in terms of safety, supported coins, deposit and trading fees, accepted payment methods, and more.

Overall, eToro came out as the best crypto app in Australia for 2022 – not least because this ASIC-regulated provider offers low fees across 59 leading digital tokens. We also like that setting up a verified eToro account takes just minutes and the app is super user-friendly.

etoro review

Cryptoassets are a highly volatile unregulated investment product. 

Frequently Asked Questions on Crypto Apps

What apps can I buy crypto on?

What is the best crypto app in Australia?

Which is the best crypto wallet app for Australian users?

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