Choosing the right crypto exchange is a crucial step for investors and traders in Australia. With digital assets gaining mainstream traction, selecting a secure, user-friendly, and feature-rich platform can make all the difference in your trading journey. After thorough research and evaluation, we’ve identified the 5 best crypto exchanges in Australia that stand out for their security, supported cryptocurrencies, fee structures, and local compliance.
Whether you're a beginner or an experienced trader, this guide will help you compare top platforms based on real metrics like trading fees, payment methods, security protocols, and customer support.
Top 5 Australian Crypto Exchanges at a Glance
Before diving into each platform, here’s a quick comparison of key features:
| Feature | CoinSpot | Binance | Swyftx | Gemini | Kraken |
|---|---|---|---|---|---|
| Supported Currencies | AUD | AUD, USD, EUR, GBP | AUD | AUD, USD, CAD, EUR | AUD, USD, EUR, JPY |
| Cryptocurrencies Offered | 310+ | 250+ | 280+ | 60+ | 60+ |
| Trading Fees | 0.1% | 0.1% | 0.6% | Up to 1.99% | Volume-based |
| Payment Methods | Bank transfer, BPAY, PayID | PayID, OSKO | PayID, credit/debit card | Bank transfer, wire | Bank transfer, crypto |
| OTC Trading | Yes | No | Yes | No | Yes |
| Learning Resources | Yes | Yes | Yes | Yes | Yes |
Now let’s explore each exchange in detail.
CoinSpot – Leading Local Exchange for Beginners
Launched in 2013, CoinSpot is one of Australia’s most trusted and longest-running crypto exchanges. With over 2 million users, it’s certified by Blockchain Australia and Sci Qual, reinforcing its commitment to security and transparency.
The platform supports over 310 cryptocurrencies, making it ideal for traders looking to diversify beyond Bitcoin and Ethereum. Users only need an email, mobile number, and ID verification to sign up—accessible even to those aged 16 and above.
👉 Discover how CoinSpot makes crypto investing simple for Australians.
Key Features of CoinSpot
- Enhanced Security: Two-factor authentication (2FA), session timeouts, and custom withdrawal limits keep your account safe.
- TradingView Integration: Real-time charts with profit/loss tracking help users analyze market movements.
- Referral Program: Earn $10 in Bitcoin when someone you refer completes their first AUD deposit.
- OTC Desk: High-volume traders can execute large orders privately with professional brokers.
- Multi-Coin Wallet: Store, send, and receive any supported cryptocurrency directly within the platform.
Fees & Accessibility
CoinSpot charges a flat 0.1% trading fee, one of the lowest in the market. While external wallet withdrawals incur standard network fees, there are no hidden charges from CoinSpot itself.
Available on web, iOS, and Android, the platform is beginner-friendly with intuitive navigation and responsive support.
Pros and Cons
Pros:
- Over 310 supported assets
- Strong security and local compliance
- Easy onboarding for new users
- Robust referral and affiliate program
Cons:
- No credit card deposits
- No short-selling or advanced trading options
Binance – Global Powerhouse with Local Presence
Binance Australia is part of the world’s largest cryptocurrency exchange by trading volume. Operated locally by InvestbyBit Pty Ltd and registered with AUSTRAC, Binance offers over 250 digital assets and caters to both casual investors and active traders.
With an average daily trading volume exceeding $2 billion, Binance provides deep liquidity and fast execution—ideal for frequent traders.
Why Traders Choose Binance
- Low Trading Fees: A flat 0.1% fee, reducible by 25% if you pay using BNB (Binance Coin).
- VIP Program: High-volume traders enjoy reduced fees and personalized service.
- Multiple Currencies: Trade using AUD, USD, EUR, GBP, and more.
- API Access: Developers can build bots or integrate trading strategies.
- Educational Content: Regular blogs and market insights help users stay informed.
Binance also offers staking, futures trading, and recurring buys—making it a full-service crypto hub.
👉 Unlock advanced trading tools with a leading global exchange.
Payment Methods & Fees
You can deposit via PayID, OSKO, debit/credit cards, though card payments carry a 4.5% fee. Withdrawals take 1–2 business days with a minimum of $50.
Pros and Cons
Pros:
- Extremely low fees with BNB discount
- High liquidity and trading volume
- Comprehensive features (staking, futures, etc.)
- No reported security breaches
Cons:
- Card transaction fees are high
- Interface may overwhelm beginners
Swyftx – Australia’s Most User-Friendly Exchange
With over 280 cryptocurrencies available and a clean, modern interface, Swyftx has become one of the most popular exchanges among Australian retail investors.
It supports instant AUD deposits via PayID, POLi, bank transfer, and credit/debit cards, making it easy to get started quickly.
Standout Features
- Demo Mode: Practice trading risk-free before going live.
- Zero Deposit/Withdrawal Fees: Only network fees apply for crypto withdrawals.
- Low Spreads: As low as 0.45% for Bitcoin, among the best in the industry.
- 24/7 Live Chat Support: Fast resolution for user issues.
- AUSTRAC-Registered: Fully compliant with Australian regulations.
Swyftx also runs a free bonus promotion for new sign-ups and offers API documentation for developers.
Fees Overview
Swyftx charges a flat 0.6% trading fee, slightly higher than competitors but offset by tighter spreads and excellent customer service.
Minimum trade size is just $1, ideal for micro-investors.
Pros and Cons
Pros:
- Beginner-friendly interface
- Demo mode for learning
- Multiple payment options including cards
- Excellent local support
Cons:
- AUD only (no multi-currency support)
- Not available outside Australia
Gemini – Secure & Regulated Platform for Long-Term Investors
Headquartered in New York and regulated by the NYDFS, Gemini is one of the most secure exchanges available in Australia. It holds SOC 1 Type 2 and SOC 2 Type 2 certifications—gold standards in financial data security.
With around 60 cryptocurrencies, Gemini focuses on quality over quantity, listing only vetted digital assets.
Why Trust Gemini?
- Insurance Coverage: All user funds are insured against theft.
- Recurring Buys & Alerts: Automate your investment strategy.
- Gemini Pay: Spend crypto directly at partnered merchants.
- Interest Earnings: Earn yield on select holdings through Gemini Earn.
- Advanced Charts: Powered by TradingView for technical analysis.
Fee Structure
Gemini doesn’t charge deposit or withdrawal fees (though banks might). Trading fees are tiered:
- Up to 1.99% for purchases under $200
- Lower fees for larger amounts
- First 10 crypto withdrawals per month are free
👉 Explore a secure gateway to crypto investing with institutional-grade protection.
Pros and Cons
Pros:
- Top-tier security and insurance
- Available across all devices
- Educational content and market updates
- Supports multiple fiat currencies
Cons:
- Higher fees compared to local platforms
- Limited number of cryptocurrencies
Kraken – Veteran Exchange with Transparent Operations
Established in 2011, Kraken is one of the oldest and most respected names in crypto. Now fully operational in Australia with AUD support, it appeals to serious traders seeking transparency and reliability.
Kraken supports over 60 cryptocurrencies and offers advanced tools like margin trading and Cryptowatch for automated monitoring.
Key Features
- OTC Trading: For transactions over $100K or 2,000 BTC.
- 2FA & Real-Time Monitoring: Enhanced account protection.
- Cryptowatch Integration: Track markets and set trade triggers.
- Affiliate Program: Earn 20% commission on referred users’ trading fees.
Available on desktop (Windows/Linux), mobile (iOS/Android), and web.
Fee Model
Kraken uses a maker-taker model based on monthly trading volume:
- Lower fees for higher volume
- Fees vary between opening/closing margin positions
- No deposit fees (except bank charges)
Pros and Cons
Pros:
- Long-standing reputation and transparency
- OTC desk for institutional traders
- 24/7 customer support
- Advanced trading features
Cons:
- Complex fee structure
- Less beginner-friendly interface
Frequently Asked Questions (FAQ)
Q: Which Australian crypto exchange has the lowest fees?
A: Both CoinSpot and Binance charge a flat 0.1% trading fee—the lowest among major platforms.
Q: Can I use a credit card on Swyftx?
A: Yes, Swyftx accepts credit and debit card deposits along with PayID and bank transfers.
Q: Is Gemini safe for storing crypto?
A: Yes. Gemini is SOC-certified and provides insurance coverage against theft—making it one of the safest options.
Q: Does Kraken support AUD trading?
A: Yes, Kraken supports Australian Dollar deposits and withdrawals.
Q: Are these exchanges regulated in Australia?
A: All listed exchanges comply with AUSTRAC requirements or equivalent international standards.
Q: Which platform is best for beginners?
A: Swyftx and CoinSpot offer the most intuitive interfaces, demo modes, and strong customer support—perfect for new users.
Final Thoughts
Each of these five exchanges brings unique strengths:
- CoinSpot excels in asset variety and local trust
- Binance dominates in liquidity and global reach
- Swyftx wins on user experience and local support
- Gemini leads in security and regulation
- Kraken stands out for transparency and advanced tools
Your choice depends on your priorities—whether it's low fees, ease of use, security, or advanced features.
No matter your level of expertise, starting with a reliable exchange sets the foundation for successful crypto investing.