If you’re on the hunt for the best crypto exchange in Australia – this guide compares the top eight providers to consider in 2024.

We examine core metrics of each crypto exchange – such as regulation, supported coins, fees and commissions, customer service, trading tools, and more.

Read on to get started with the best Australian crypto exchange in under five minutes.

The Best Australian Crypto Exchanges in 2024

The best crypto exchanges in the Australian market right now are those listed below.

  1. Bybit – Popular Derivatives and Spot Trading Platform Supports Auto Trading Bots
  2. Kraken – Secure Crypto Exchange Stores 95% of Assets in Cold Storage
  3. Binance – Promising Australian Crypto Exchange for Spot Trading With Low Fees
  4. MEXC – Pay Zero Commission on Spot Trading, 1,000+ Cryptocurrencies Available
  5. Kucoin – Popular Cryptocurrency Platform Supports 700+ Digital Assets
  6. PrimeXBT – Promising Platform for Crypto CFDs and Leverage Trading
  7. Pionex – Offers 16 Free Trading Bots, A Low Trading Fee Of 0.05%, And AI-assisted Strategies
  8. CoinSpot – Exchange With Advanced Security And Unique Features Like An NFT Marketplace
  9. Margex – Innovative Platform Offering Up To 100x Leverage And An MP Shield System
  10. Paybis – Reputed Exchange With a Simple Interface, 150+ cryptos, And 24/7 Customer Service
  11. Crypto.com – Beginner-Friendly Crypto Exchange with Numerous Useful Features
  12. Coinbase – Top Australian Bitcoin Exchange for Beginners
  13. OKX – Multi-Use Crypto Exchange Offering Crypto Loans and Flexible Staking Yields
  14. Plus500 – User-Friendly Cryptocurrency Exchange to Use in Australia
  15. Digital Surge – Affordable Crypto Investing Platform
  16. Swyftx – Trade 310+ Cryptos with TradingView Charts

To select the best crypto exchange in Australia for you – read our in-depth reviews in the following sections.

Top Crypto Apps in Australia Reviewed

The only way to choose the best crypto app and Bitcoin exchange in Australia for you is to consider your main priorities.

For example, in addition to selecting a regulated exchange that offers a safe investment environment – is your main focus obtaining the lowest fees possible, or accessing highly advanced trading tools?

Similarly, consider if you want to invest in cryptocurrency with leverage, and which markets the respective exchange supports.

To help you with your decision-making process, reviews of the eight best crypto exchanges in Australia can be found below.

1. Bybit – Use AI Crypto Bots with this Derivatives Crypto Exchange 

Bybit is bybit logoa cryptocurrency derivatives platform that uses automatic trading bots to support new trades. On Bybit, users can take out perpetual contracts of hundreds of cryptocurrencies. 

Now, the platform also supports spot trading options for more than 360 cryptocurrencies. On this platform, one can make trades directly with auto-trading bots. You can start using bots such as the ‘Spot Grid’ – which scans the crypto markets, buys tokens at a low price, and sells them at a higher price. 

bybit altcoin exchange website

Bybit has introduced a new ‘TradeGPT’ feature, which acts as your personal AI-powered investment assistant. This feature offers the latest information about the crypto space, provides trading tools, and potential investment strategies. 

Before using these features, investors can try the Bybit demo account – and trade cryptos without risking any real money. You can also take out cryptocurrency loans, and lend money with Bybit. 

Bybit supports peer-to-peer trading, and allows you to make deposits using 60+ fiat payment options, including AUD. When paying with Mastercard, you will pay 2.7% additional fees. Bybit charges just 0.01% in trading fees.

Number of Cryptos 360+
Trading Commission 0.01% per transaction
Debit Card Fee 2.7% per transaction (Mastercard)
Minimum Deposit None


  • Trade crypto derivatives
  • Auto trading bots available 
  • Access an AI-powered trading assistant 
  • Multiple P2P payment methods


  • High debit card fees

2. Kraken – Secure Crypto Exchange Offers Free AUD Deposits 

Kraken LogoOne of the top cryptocurrency exchanges available in Australia is Kraken – used by more than 10 million people. In 2020, Kraken bought Bit Trade – a popular Australian-based cryptocurrency exchange. 

Australian clients can also access free and instant AUD deposits with Kraken – using local payment methods such as PayID and Osko bank transfers. Kraken is locally operated in Australia and registered as a digital currency exchange with AUSTRAC. 

On Kraken, you can buy, sell, and trade more than 220 cryptocurrencies. This platform offers an instant crypto buy/sell feature – costing 1.5% per transaction.


Instant buys on stablecoins charge 0.9% per transaction. However, spot trading can be conducted paying trading commissions as low as 0.26% per transaction. 

Investors can also stake digital assets on Kraken and earn high annual yields. For instance, you can stake Cardano (ADA) and earn between 3% – 6% through the flexible annual staking option. 

Notably, Kraken is one of the only major crypto platforms never to have faced a major security breach. It stores 95% of the user’s assets in cold storage. 

Number of Cryptos 220+
Trading Commission Starts at 0.26% per transaction
Debit Card Fee 3.75% + $0.25 per transaction
Minimum Deposit $5


  • Never faced a major security breach
  • Trading fees start at just 0.26% per transaction
  • Supports staking mechanisms
  • Free and instant AUD deposits


  • High fees for instant buys

3. Binance – Cheapest Crypto Exchange for Spot Trading

binance logo

If you’re looking to actively engage in spot trading, Binance could be one of the best crypto exchanges in Australia for you. You won’t be short of trading opportunities at this exchange, with Binance supporting over 1,000 markets. This is inclusive of both fiat-crypto and crypto-cross pairs.

Spot trading fees on this platform cost up to 0.10%, which makes Binance one of the best crypto exchanges in the market. By trading larger volumes, Binance will offer you discounted commissions. This is also the case if you hold the platform’s native token – BNB. We also like Binance for the amount of trading volume it attracts, which ensures that liquidity levels are sufficient at all times.

binance review

To fund your Binance account, opt for a fee-free PayID transfer to have the deposit processed super-fast. Crypto deposits are also an option. In addition to low fees and a huge suite of tradable markets, Binance offers crypto savings accounts. This enables you to generate interest on any digital assets that you deposit. Various yields and lock-up terms are available.

You can also engage in yield farming which again, allows you to earn interest on your idle tokens. In terms of safety, two-factor authentication is mandatory on all account login attempts.  Finally, Binance offers a mobile app that not only allows you to trade on the move – but store your crypto assets.

Number of Cryptos 1,000+ markets
Trading Commission Up to 0.10%
Debit Card Fee Depends on third-party processor
Minimum Deposit Varies by payment method


  • Hundreds of coins across 1,000+ markets
  • Low commissions of just 0.10% per trade
  • Supports fiat money deposits and withdrawals
  • Great tools for advanced traders
  • One of the largest crypto exchanges for liquidity


  • Not regulated by any licensing body
  • Has previously been hacked

Cryptoassets are a highly volatile unregulated investment product.

4. MEXC – Trade 1,000 Cryptos and Pay Zero Commissions

MEXC is MEXC logo the next top crypto exchange to use in Australia. This crypto platform is used by more than 10 million people across 170 countries. Users can start trading over 1,000 cryptos – such as Bitcoin, Ethereum, and Dogecoin.

Importantly, MEXC charges zero commissions on cryptocurrency spot trading. When trading crypto futures, the trading fee is just 0.01% per transaction. You can also apply up to 10x leverage on your trades. 

MEXC home

MEXC uses high-performance mega-transaction matching technology to support fast and efficient trading. The platform can process up to 1.4 million transactions per second. Other accessible features include the ‘MEXC Launchpad’ – allowing investors to trade new cryptos directly. 

MEXC offers advanced charts and indicators, allowing you to properly analyze market trends and conduct technical analysis. Tokens such as Bitcoin, Ethereum, and Polkadot can be staked on MEXC to generate up to 10% staking APYs. 

To protect user’s assets, MEXC stores more than $500 million worth of funds in cold storage. Investors can start trading cryptos with just a $1 minimum deposit. 

Number of Cryptos 1,000+
Trading Commission Zero commissions for spot trading
Debit Card Fee 2% per transaction
Minimum Deposit $1


  • Trade over 1,000 cryptos
  • No spot trading fees
  • Low futures trading fees
  • Access new cryptos with Launchpad


  • 2% debit/credit card fees

5. Kucoin – Trade 700 Cryptos and Access an NFT Platform

Kucoin is Kucoin logo a popular cryptocurrency trading platform that supports derivatives markets, spot trading, and gives access to NFT marketplaces. Users can access the 700+ cryptocurrencies on Kucoin, paying a spot trading fee of just 0.1% per transaction. 

The futures trading fee is also just 0.06% per transaction. On average, Kucoin enjoys a 24-hour trading volume of more than $3 billion and is used by more than 30 million investors. 

You can stake cryptos through Kucoin Earn – and generate between 0.002% – 3% APYs on Bitcoin. NFTs can be traded through Wonderland, a popular NFT marketplace. Furthermore, Kucoin connects users to several DeFi (Decentralized Finance) and Web3 platforms. 

KuCoin Exchange

On Kucoin, investors can also store funds on the Halo Wallet – a self-custody social wallet. Thus, you can store all tokens in the same place. Kucoin also comes equipped with auto trading features – allowing users to generate passive income around the clock.

Kucoin does not charge additional fees when making payments with a debit card. 

Number of Cryptos 700+
Trading Commission 0.1% per transaction
Debit Card Fee None
Minimum Deposit None


  • Trade 700+ cryptos
  • Access an NFT marketplace
  • Low trading fees
  • No debit card fees


  • Better suited for advanced traders

6. PrimeXBT – Apply Up to 100x Leverage when Trading Cryptos

PrimeXBT is PrimeXBT logo a popular crypto exchange with over 1 million registered traders. With primeXBT, users can trade crypto CFDs (Contract for Differences). 

In total, PrimeXBT allows you to trade more than 35 cryptos. Fees on trading cryptos start from just 0.02% per transaction. Investors can also apply up to 100x leverage on their trades, heightening their earnings potential. 

After registering an account with PrimeXBT, you can deposit $500 within 48 hours to secure a deposit bonus of $100. Notably, there is no minimum deposit on PrimeXBT. The platform supports customizable charting software – allowing you to use over 50+ charting indicators. 

PrimeXBT Exchange Homepage

PrimeXBT’s powerful trading engine can process transactions at a speed of just 7.12m. To protect assets against any security threats and attacks, PrimeXBT uses multi-signature access. Beginners can access copytrading tools to copy the exact trades of senior traders on PrimeXBT. 

More rewards can be earned by joining PrimeXBT’s regular trading contests. The PrimeXBT trading platform can be accessed through a desktop/laptop or via iOS and Android on your mobile phones. 

Number of Cryptos 35+
Trading Commission 0.02% per transaction
Debit Card Fee None
Minimum Deposit None


  • Trade crypto CFDs
  • Fast execution speeds
  • Multiple charting indicators
  • Low trading fees


  • Limited number of cryptos

7. Pionex – Offers 16 Free Trading Bots, A Low Trading Fee Of 0.05%, And AI-assisted Strategies

Pionex is a popular crypto exchange in Australia founded in 2019. It is known for its low trading fees of just 0.05% on spot and futures trades, making it very competitive against larger exchanges such as Binance and Coinbase.

The platform supports more than 370 coins and more than 465 trading pairs. It also offers 16 free built-in trading bots. This includes “AIgrid-Binance Grid Trading Bot” and “BTC/ETH Moon,” which use artificial intelligence to improve your trading strategies. These bots help beginners and professional traders automate their trading strategies while adapting to market volatility.

Pionex homepage

Moreover, Pionex allows users to stake their ETH and USDT tokens to get relatively high APYs on idle cryptos. It also offers structured products, dual investments, and an “easy earn” section with other passive income opportunities. Most recently, the platform announced the launch of PionexGPT. This will allow users to create AI-assisted trading strategies.

With a monthly trading volume in the billions and over 100,000 customers from more than 100 countries, Pionex has become the go-to place for automated trading solutions in Australia. The platform also offers a demo account that will allow budding investors to do risk-free trading with virtual funds.

Number of Cryptos 370+
Trading Commission 0.05%
Debit Card Fee 3.5% in Europe, 4.5% outside Europe​
Minimum Deposit $1


  • Low trading fees of 0.05% on spot and futures.
  • Supports over 370 coins and 465 trading pairs.
  • Offers 16 free built-in trading bots.
  • Allows staking of ETH and USDT tokens.
  • Recently launched PionexGPT for AI-assisted trading strategies.


  • Limited advanced trading features.

8. CoinSpot – Exchange With Advanced Security And Unique Features Like An NFT Marketplace

CoinSpot was founded in 2013 and is one of the leading crypto exchanges. It was developed with the Australian market as the main core target and offers high-security features such as advanced encryption, two-factor authentication, and multi-signature wallets.

They also comply with the AML/CTF legislation in Australia, which refers to a high standard of safety and reliability with a strong track record of no breaches in the past. This platform supports over 410 cryptos, including top cryptos like Bitcoin, Ethereum, and Tether. Also, CoinSpot offers unique features like a crypto debit card and an NFT marketplace.

CoinSpot homepage

The exchange offers competitive 0.1% spot trading fees for market orders, but the users will have to pay higher fees of 1% for instant buy/sell orders and swaps. 

This platform is great for Australians because it has free deposit methods, free AUD withdrawals, and minimal fees for crypto withdrawals. It also has a user-friendly interface and a simple buying process, supporting various payment options like POLi payments, Bank Transfers, and Credit/Debit Cards. 

However, users should bear in mind that CoinSpot is custodial. Hence, they will control the private keys, which could be a downside for users who want control over their assets.

Number of Cryptos 410+
Trading Commission 0.1% (market orders)
Debit Card Fee 1%
Minimum Deposit $1


  • Supports over 380 cryptocurrencies.
  • Offers a crypto debit card and an NFT marketplace.
  • Competitive 0.1% spot trading fees.
  • User-friendly interface and simple buying process.
  • Complies with AML/CTF legislation in Australia.


  • Higher fees of 1% for cards.

9. Margex – Innovative Platform Offering Up To 100x Leverage And An MP Shield System

Margex is an emerging crypto trading platform focusing on deep liquidity, tight spreads, and a multi-tier margin system. It caters to new and experienced traders while offering a high leverage of up to 100x. 

The MP Shield System is a key feature that protects users from manipulating prices through sourcing rates from over twelve sources. Security on Margex is a prime focus, as it follows advanced protocols to secure the assets and personal information of the users.  Moreover, Margex offers the opportunity to register with a demo account so beginners can trade without risking their money.

Margex Homepage

It also offers its users copy trading and crypto staking with attractive yields on assets such as USDC and ETH. Also, the affiliate program at Margex and third-party trading bot API access could be made available through institutional requirements to satisfy every trading style.

At the same time, it has a simple deposit and withdrawal system to ensure customers have easy access to funds. By providing reliable security systems, education resources, high-leverage facilities, and a user-friendly interface, Margex offers one of the best crypto exchanges in Australia.

Number of Cryptos 10+
Trading Commission Taker Fee (Market Orders):0.06%
Maker Fee (Limit Orders):0.019%
Debit Card Fee
Minimum Deposit $10


  • Offers up to 100x leverage on trades.
  • Features MP Shield System to protect against price manipulation.
  • Provides a demo account for beginners to trade without risk.
  • Offers copy trading and crypto staking with attractive yields.
  • Simple deposit and withdrawal system for easy access to funds.


  • Limited information on the number of supported cryptos.

10. Paybis – Reputed Exchange With a Simple Interface, 150 cryptos, And 24/7 Customer Service

Paybis is a reputed crypto exchange platform in Australia established in 2014. It allows trading popular coins such as Bitcoin, Ethereum, USDT, and 150+ cryptos. It allows users to buy cryptos with credit or debit cards with a simple user interface compared to other instant crypto exchange platforms. Both beginners and expert traders can easily navigate on its user-friendly interface.

It offers 24/7 customer service, quick security checks, and a high standard of security including an online encrypted cold storage crypto wallet that is secure with 2 Factor Authentication (2FA) and three levels of protection.

Paybis Homepage

The exchange operates with KYC norms and EU regulation licenses and is licensed to operate in the USA. It operates across 180 countries globally, making it one of the most secure and reputable forms of trade. The platform has an all-inclusive fee structure, with a card payment transaction charge amounting to 2.49%, usually even bearing fewer charges over bank transfers. The platform is also considering launching other P2P trading features to improve its utility.

Number of Cryptos 150+
Trading Commission Varies from 0.49% to 2.49%
Debit Card Fee 2.49%
Minimum Deposit $5


  • Allows trading of over 150 cryptos.
  • Simple user interface for easy navigation.
  • Offers 24/7 customer service and quick security checks.
  • High standard of security with an encrypted cold storage wallet.
  • Licensed to operate in the USA and across 180 countries globally.


  • Card payment transaction charge of 2.49%.

11. Crypto.com – Beginner-Friendly Crypto Exchange with Numerous Useful Features

crypto.com logoAnother of the best crypto exchanges in Australia to consider is Crypto.com. Regular traders may already know of Crypto.com, as the platform has grown exponentially in the past 18 months, now boasting over 10 million registered users. Crypto.com is known for its user-friendly trading experience, allowing clients to invest in over 250 different cryptos.

Clients can opt to trade on the Crypto.com exchange or through the mobile app. The former is more suited to advanced traders and features a maker/taker pricing structure, equating to 0.4% on either side of the trade. Notably, users who own CRO (Crypto.com’s native token) can choose to pay these charges using this digital currency, resulting in a 10% discount on trading fees.

crypto.com review

Beginner users may feel more comfortable using the dedicated Crypto.com app, available on iOS and Android. The app acts as the central hub for the Crypto.com trading experience and allows users to buy cryptocurrency instantly using a credit or debit card. This approach is usually accompanied by a fee of up to 4%; however, this fee is waived for the first 30 days of trading.

If you’re into crypto staking then you’ll be pleased to learn that Crypto.com is one of the best crypto staking platforms in Australia.

Users can also make free AUD deposits on the app and use the funds to purchase crypto. The app also has simple price charts and real-time data, making it easy to keep tabs on price movements. Finally, Crypto.com even offers a handy crypto debit card, allowing users to spend their trading balance online or in-store as if it was AUD!

Number of Cryptos 250+
Trading Commission 0.4% maker/taker fee
Debit Card Fee Up to 4% (free for first 30 days)
Minimum Deposit $20


  • Can purchase crypto instantly using a credit or debit card
  • Useful crypto debit card offered
  • Option to trade on the exchange or mobile app
  • Card fees waived for the first 30 days of trading
  • Over 250 crypto assets to trade
  • Free AUD deposits


  • Limited educational resources

Cryptoassets are a highly volatile unregulated investment product. 

12. Coinbase – Top Australian Bitcoin Exchange for Beginners

coinbase logoNext up on our comparison list of the best crypto exchanges in Australia is Coinbase. Launched in 2012, this hugely popular exchange is now a publicly-traded company, with Coinbase shares listed on the NASDAQ. The exchange is heavily regulated and has a superb reputation in this space.

Beginners will appreciate the simple investment process at Coinbase, which typically requires just three steps. First, you need to open an account by providing some personal information. Second, you need to verify your identity by uploading some ID. Finally, after entering your credit or debit card details – you can then buy Bitcoin instantly.

coinbase platform screenshot

When using a credit or debit card at this platform, fees of 3.99% apply. You can alternatively deposit funds by transferring money from your Australian bank account – which is fee-free. When the funds are credited – which can take a few business days, you will then need to pay a commission of 1.49% on your chosen crypto market.

Supported markets on the Coinbase exchange cover over 50 popular cryptocurrencies – all of which can be traded from just $2. Coinbase also offers a mobile app that doubles up as a secure wallet. This can be downloaded free of charge to your Android or iOS phone. Finally, Coinbase offers crypto staking services for those wishing to earn a yield of their digital funds.

Number of Cryptos 50+
Trading Commission 1.49% per trade
Debit Card Fee 3.99%
Minimum Deposit $50


  • Regluated in the US and listed on the NASDAQ
  • Supports 50+ coins
  • Accepts debit/credit cards and bank transfers
  • Great security features
  • Perfect for beginners


  • High payment and commission fees
  • Limited trading tools and features

Cryptoassets are a highly volatile unregulated investment product.

13. OKX – Global Crypto Exchange Offers Low Fees with its Native Token

OKX Logo

Launched in 2014, OKX is one of the biggest crypto exchanges in the world – hosting more than 50 million people. This crypto platform gives trading access to more than 320 cryptocurrencies. 

The spot trading fee on OKX starts from only 0.1% per transaction, with discounts available for OKB token holders. By holding OKB, the native token, your fees can reduce as low as 0.08% per transaction. 

OKX has unique features such as the ‘Simple Earn’ feature, offering flexible staking yields on your locked tokens. When staking Bitcoin (BTC), you can earn up to 5% APYs (Annual Percentage Yields).

OKX home

New traders can access online journals and learn more about the crypto space through OKX’s ‘Learn Section.’ Through OKX Loans, investors can lock their assets as collateral and get crypto-based loans. Another feature is ‘Jumpststart’ – giving you access to all the new cryptocurrency projects in the market. 

Through OKX’s peer-to-peer trading option, Australian users can leverage their AUD to purchase cryptos using Osko bank transfers, Neteller, and other payment methods. You can make a $1 minimum deposit when using SEPA bank transfers. 

Number of Cryptos 320+
Trading Commission Starts at 0.1% per transaction/ 0.08% per transaction for OKB token holders
Debit Card Fee None
Minimum Deposit Differs per crypto


  • Get trading discounts with the OKB token
  • Get crypto loans
  • Access P2P trading 
  • High flexible staking yields


  • ID verification is compulsory for crypto deposits

14. Plus500 – Highly Trusted and User-Friendly Exchange and Trading Platform

Plus500 review AU Plus500 is a leading crypto exchange and trading platform that is one of the most trusted in the world.

Regulated by various institutions globally, including ASIC, Plus500 is also listed on the London Stock Exchange and is a member of the FTSE250 Index.

plus500 crypto

The platform offers a wide variety of more than 2,000 financial instruments to trade including currencies, commodities, indices, options, ETFs and more.

That includes a number of leading crypto CFDs, including Bitcoin, Ethereum, Solana, Polygon and Polkadot, but the range is much smaller than others.

Users can also trade the Crypto 10 Index – which represents the top 10 tokens – and also trade with up to 1:2 leverage.

Plus500, which also features one of the best apps around, does not charge any deposit or withdrawal fees and instead fees are built into the price.

There is a $100 minimum deposit, which is higher than some other platforms on this list.

Number of Cryptos 20
Trading Commission None
Debit Card Fee None
Minimum Deposit $100


  • Highly trusted and regulated by ASIC
  • User-friendly app
  • No fees
  • Leverage trading
  • Wide range of other investment options


  • Limited number of cryptos

Cryptoassets are a highly volatile unregulated investment product. 79% of retail investor accounts lose money when trading CFDs with this provider

15. Digital Surge – Affordable Crypto Investing Platform

Digital Surge LogoDigital Surge is one of the most affordable exchanges in Australia for crypto investors. On this platform, you can deposit and withdraw fiat for free. Trading cryptocurrency costs just 0.5% per trade, and rates are discounted as low as 0.1% per trade if you trade more than $1 million AUD per month.

The platform offers trading on more than 300 cryptocurrencies and offers several key features for long-term investors, including recurring buy orders. You can easily dollar-cost average into any cryptocurrency you like, while price alerts and limit orders help you get the best possible price during periods of volatility.

Digital Surge Homepage

Importantly, Digital Surge also has a mobile app so you can take advantage of buying opportunities on the go.

You can open a new account with Digital Surge in less than 2 minutes. The platform is regulated by ASIC and AUSTRAC and offers live chat support 7 days a week. Plus, Digital Surge offers its own crypto wallet to help you start buying and selling as quickly as possible.

Number of Cryptos 300+
Trading Commission 0.5% plus spread
Debit Card Fee FREE
Minimum Deposit $2


  • Rates from 0.1% per trade
  • Trade 300+ cryptocurrencies
  • Supports recurring buy orders
  • Regulated by ASIC and AUSTRAC
  • Integrated crypto wallet


  • Limited technical trading tools
  • Doesn’t support staking

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

16. Swyftx – Trade 310 Cryptos with TradingView Charts

Swyftx LogoSwyftx is another good option for active crypto traders. On this platform, you get access to advanced stop and limit order options, price alerts, and much more.

Instead of developing its own charting interface, Swyftx simply integrated with the best charting platform currently available: TradingView. You get access to hundreds of technical indicators and unbeatable customization options.

Swyftx Homepage

Another reason to use Swyftx for trading cryptocurrency is its pricing structure. This platform charges a fixed trading fee of 0.6%, which on its own is competitive but not outstanding. But, Swyftx offers crypto spreads as low as 0.41% for highly liquid assets like Bitcoin. While many exchanges don’t publicize their spreads, Swyftx’s spreads are among the lowest we’ve seen in Australia.

Swyftx is registered with AUSTRAC and is widely trusted in Australia. The platform offers 24/7 live chat support for customers and you can start investing with as little as $1. There are no deposit or withdrawal fees for fiat currency at Swyftx.

See our full comparison of Swyftx vs CoinSpot, another popular crypto exchange Australia based traders are accepted at.

Number of Cryptos 310+
Trading Commission 0.6% plus spread
Debit Card Fee FREE
Minimum Deposit $30


  • Extremely competitive crypto spreads
  • Integrated TradingView charts
  • API for automated trading
  • 24/7 live chat customer support
  • Regulated by AUSTRAC


  • No instant buy option

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

The Best Crypto Exchanges Australia Compared

The crypto exchange ranking comparison table below summarizes our reviews of the top eight providers discussed above.

Crypto Exchange Number of Coins Trading Fee Payment Methods Minimum Deposit
Bybit 360+ 0.01% per transaction Mastercard, VISA, bank transfers None
Kraken 220+ cryptos Starts at 0.26% per transaction Osko bank transfers, PayID $5
Binance 1,000+ markets Up to 0.1% per trade Debit/credit cards (third-party) and PayID Depends on the payment processor
MEXC 1,000+ Zero commissions for spot trading Debit/credit cards, bank transfers $1
Kucoin 700+ 0.1% per transaction Bank transfers, e-wallets, debit/credit cards None
PrimeXBT 35+ 0.02% per transaction Debit/credit cards, bank transfers None
Pionex 370+ 0.05% Credit card, debit card, bank wire, and ACH transfer $1
CoinSpot 410+ 0.1% PayID, BPAY, Direct Deposits, Cash Deposits and Card Deposits $1
Margex 10 Taker Fee (Market Orders):0.06%

Maker Fee (Limit Orders):0.019%

Mastercard, Visa, Google / Apple Pay, and others $10
Paybis 150+ Varies from 0.49% to 2.49% Credit and debit cards, Bank transfers, Alternative payment providers like Skrill and Neteller, E-wallets


Crypto.com 250+ 0.4% maker/taker fee Debit/credit cards, e-wallets, bank transfer $20
Coinbase 50+ 1.49% per trade Debit/credit cards, bank transfer $50
OKX 320+ Starts at 0.1% per transaction/ 0.08% per transaction for OKB token holders Debit/credit cards, P2P trading, bank transfers, e-wallets Differs per crypto
Plus500 20+ Market spread of 0.6 pips Bank Transfer, Debit/Credit Card, e-wallet $100
Digital Surge 300+ 0.5% plus spread Debit cards (third-party) and PayID $2
Swyftx 310+ 0.6% plus spread Debit/credit cards (third-party) and PayID $30

How do Cryptocurrency Exchanges Work?

Top crypto exchanges in Australia enable you to access the digital currency markets. Initially, you will need to open an account and – assuming that you are using a regulated provider, upload some ID. After that, you can buy and sell your chosen cryptocurrencies from the comfort of home.

When you place an order at your chosen crypto exchange, you typically need to pay a commission. This is how the crypto exchanges generate revenue. Depending on your chosen exchange, you might be matched with other market participants when you enter and exit positions. This is why it’s important to choose a crypto exchange with sufficient levels of liquidity.

With that said, platforms like Coinbase double up as a broker, meaning that you can buy cryptocurrency directly from the platform itself. You then have platforms like AvaTrade – which offer crypto CFDs. Although you won’t own the underlying digital tokens when trading CFDs, this marketplace allows you to access leverage and short-selling facilities.

Ultimately, if you want to buy or sell crypto in Australia, you need to have an account with a platform that meets your requirements. Core metrics to consider for this purpose – which we cover in more detail shortly, include supported markets, fees, minimum account balances, trading tools, customer service, and of course – regulation.

How to Choose the Best Cryptocurrency Exchange for You

Choosing the best crypto exchange in Australia for your personal requirements is a simple process when you know what to look for.

As such, when researching the many exchanges in this marketplace, consider the key metrics discussed below.


As noted earlier, it is imperative that you only open an account with a crypto exchange that is adequately regulated. Coinbase, for instance, is regulated in the US.

You will likely come across a large number of platforms that hold no regulatory license.

Although these platforms might offer huge leverage facilities, super-low fees, and an abundance of sign-up offers – you should avoid using a crypto exchange that is not licensed.

Tradable Cryptos

If you checked out our comparison table of the eight best crypto exchanges in Australia, you will have noticed that there is a vast disparity in the number of supported markets.

For instance, although AvaTrade is a great platform for seasoned pros that seek leverage and high-level trading tools, it only supported 13 crypto markets.

Sign-up Offers

Some Australian crypto exchanges will offer a sign-up bonus to customers that are yet to open an account. This could, for example, include a free allocation of Bitcoin when you deposit or trade a certain amount.

However, these offers typically come with unfavorable terms and conditions. As such, we would suggest that you avoid choosing a crypto exchange based on a sign-up offer alone. Instead, consider more important metrics – such as regulation and fees.

Trading Fees

Trading fees typically center on two key factors – commissions and the spread. The former is often charged as a variable fee against your stake.

  • For instance, for trades above $200, Coinbase charges a commission of 1.49%.
  • As such, a $1,000 trade would cost you a commission of $14.90.
  • You would again need to pay this commission when closing your position.
  • CFD platforms like AvaTrade do not charge commissions, so you only need to cover the spread.

The spread is a fee that is rarely advertised by crypto exchanges. This is because it refers to the gap – or spread, between the bid and ask price of the crypto you are looking to buy or sell. The wider that this spread is, the more that you pay in fees.

Non-Trading Fees

You also need to consider non-trading fees in your search for the best crypto exchange in Australia. For instance, you might need to pay a deposit fee when funding your account – especially if opting for a debit or credit card.

Coinbase charges 3.99% on debit/credit card payments, while AvaTrade charges no fees at all on debit/credit card deposits – or any supported payment method for that matter.

You also need to check what withdrawal fees apply to your chosen payment type. Moreover, if you’re planning to trade crypto with leverage, you also need to consider daily funding rates.

Tools & Features

Another factor to consider in your search for the best Bitcoin exchange in Australia is what tools and features you will have access to.

This might include advanced trading tools like technical indicators and short-selling facilities, alongside leveraged and crypto-centric derivatives.

Payment Methods

Unless you already have some crypto tokens to hand, you will need to fund your exchange account with fiat money – e.g. Australian dollars. All of the platforms that we reviewed today support a number of fast and convenient payment methods.

Customer Service

The best Bitcoin exchanges in Australia that we came across during the research process offer excellent customer service. This often includes a live chat service that operates 24/7.

Take note, if your chosen exchange only offers support via email. this means that receiving assistance on your account will be a cumbersome process. After all, you won’t be able to speak with an agent in real-time.

How to Use a Crypto Trading Platform Australia

If you’re ready to start buying and selling digital currencies at the best crypto exchange in Australia – Plus500, follow the step-by-step walkthrough below.

Step 1: Open a Bybit Crypto Account 

You will first need to register an account at Bybit. Head over to the Bybit website, enter your full name, email address, and phone number.

Step 2: Verify Account

Before you can make a deposit, you must verify your account with Bybit. You will be required to provide verification documents – such as a valid passport or driver’s license. After your account is verified, you can deposit fair cryptos and start trading cryptos.

Step 3: Deposit Funds

Head to the wallet option and select ‘Fiat & Spot.’ The available deposits include debit/credit cards and bank transfers. Choose your preferred deposit method, and make a transaction.

Step 4: Search and Buy Crypto

Click on the ‘Spot’ trading options to start trading cryptocurrencies. On the search bar, you can type the name of the asset you wish to trade. Enter the amount you wish to deposit, and confirm the transaction.

Latest Crypto Exchange News Australia

Before rounding off this guide, let’s take a quick look at some pressing news stories related to crypto exchanges:

  • In an exciting move, social media giant Twitter has expanded its ‘$Cashtags’ feature to support another 30 cryptos. This feature allows users to search for coins/tokens on the platform and receive real-time data and price charts.
  • Leading crypto exchange Huobi has partnered with Solaris to launch a crypto debit card. This card will allow Huobi’s users to pay for goods and services throughout Europe using their crypto holdings.
  • Finally, the Swedish Financial Supervisory Authority has permitted Binance to begin operating in the country. This now means Sweden-based traders and investors can buy and sell cryptos using Binance.


Choosing the best crypto exchange in Australia for fees, security, supported coins, customer service, and more, is a crucial stage of investing in digital currencies. Especially with the crypto markets beginning to show signs of recovery. To get started with a trading account right now – Bybit came out as the overall best Bitcoin exchange in Australia for 2024.

Cryptoassets are a highly volatile unregulated investment product.

FAQs on Crypto Exchanges in Australia

What is a crypto exchange?

What crypto exchanges can I use in Australia?

What is the best cryptocurrency exchange in Australia?

Which crypto exchange has the lowest fees in Australia?

What is the safest crypto exchange in Australia?