Best Crypto Exchanges in Australia in 2025

It is really comforting to learn that there is a locally based exchange offering 447+ cryptocurrencies that can be traded against USD, AUD, NZD, and BTC. This means that beginners no longer have to worry about exchanging fiat into crypto on other platforms.

Another notable aspect of Swyftx is its transparent pricing system – the exchange boasts some of the most competitive fees in the industry. The trading fee is a nominal 0.10% - 0.60%, and there are no fees on deposits and withdrawals. Compared to the industry average spread of 5.2%, Swyftx charges between 0.2% and 0.8%.

Being a fully licensed exchange, Swyftx adheres to AML and KYC policies. To streamline the upfront KYC process, the platform implements transaction monitoring programs, enabling users to complete the registration and verification process in just two minutes. By completing the KYC check, users are granted a daily deposit limit of 20,000 AUD.

In terms of security, it is important to know that the platform diligently secures user accounts using 2FA and breached password detection, alongside frequent penetration testing conducted by experts.

At this point, it can be confidently stated that no other cryptocurrency exchange in Australia matches the overall user experience quality offered by Swyftx. This is why our team wholeheartedly recommends Swyftx as the best place to buy crypto.

CoinSpot is a well-established Australian cryptocurrency exchange that launched in 2013. Known for its easy-to-use interface, CoinSpot is a popular entry point for novice and experienced traders. The platform stands out for supporting a diverse range of cryptocurrencies, including major ones like Bitcoin and Ethereum, as well as some lesser-known altcoins.

Upon exploring the platform, users will find various deposit methods at their disposal, including Bank Transfer, Debit Card, Credit Card, Cryptocurrency, PayID, Paypal, BPAY. CoinSpot also caters to institutional traders, offering an Over-The-Counter (OTC) desk for large-volume orders.

One aspect to consider is CoinSpot’s fee structure, which charges slightly higher commissions than the industry average. Transaction fees for buying, selling, and trading cryptocurrencies are set at 0.10% - 1.00%, a rate that also applies to stop-loss, buy-stop, and buy-limit orders.

Registration on CoinSpot requires users to submit a government-issued ID photo and a scanned copy of a utility bill for address verification. A standout feature of CoinSpot is its exceptional 24/7 customer service (operated by real Australians), characterised by a highly responsive team, making it arguably the easiest crypto exchange in Australia.

Binance is always the first choice for international crypto services. The platform was launched in 2017, it has very quickly grown to the largest exchange in the world due to the rich diversity of trading opportunities under one roof.

Binance was originally headquartered in China, but due to regulatory problems, the company was relocated to Malta, an island known for being crypto-friendly.

First and foremost, traders worldwide praise Binance for the variety of cryptocurrencies it has on offer.

Binance is one of the best crypto exchanges for advanced traders. It’s one of the best crypto platforms for advanced features – they even have a native token called BNB that traders can use to get a discount on the trading fees, i.e., cut them in half.

In terms of user and account protection, you get the impression of dealing with a trustworthy platform that goes the extra mile to introduce top-notch security methods for its customers’ funds.

The best feature that sets this platform apart is the Secure Asset Fund for Users (SAFU) which functions as this pooling vault to which Binance distributes 10% of all collected fees.

In May 2019, when the platform was hacked successfully, Binance was able to reimburse the lost funds to its users by drawing out funds from SAFU.

On top of this, Binance also has some of the lowest fees you can find.

ByBit, established in 2018, has quickly become one of the biggest cryptocurrency exchanges on the global stage. Known for its intuitive user interface, ByBit is designed to cater to both newcomers and experienced traders in the cryptocurrency market.

One of ByBit’s standout features is its commitment to providing a seamless trading experience. The platform supports a wide range of cryptocurrencies, ensuring users have access to various digital assets. ByBit’s infrastructure is also noted for its speed and reliability, offering a stable environment for cryptocurrency trading.

Regarding deposits and withdrawals, ByBit provides multiple options to suit diverse user preferences. This means it’s very straightforward for users to manage their digital assets.

Security is a top priority for ByBit. The platform employs advanced security measures to protect user accounts and assets. This focus on security helps in building user trust and ensures a safe trading environment.

Furthermore, ByBit is known for its customer support. The exchange has a responsive support team that is available to assist users with any queries or issues they may encounter.

While ByBit offers a range of features and tools that may appeal to a broad audience, users are encouraged to conduct their research and consider their individual needs when choosing a cryptocurrency exchange.

CoinJar was the first crypto exchange to be launched in Australia back in 2013. It’s impressive how they have stood the test of time and expanded overseas. The exchange was originally headquartered in Melbourne, Australia, and then registered as a UK crypto exchange a year later.

CoinJar has been at the forefront of many great technological advancements including the CoinJar card (powered by Mastercard) that allows you to spend your crypto like cash.

However, it’s worth pointing out that the exchange has a limited amount of cryptocurrencies it supports compared to some exchanges featured on this list but they do allow a huge range of deposit methods including Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Osko, PayID, Apple Pay, Google Pay, Faster Payments, EML. Currently, they support USD, AUD, GBP, EUR.

CoinJar Bundles allows you to choose a bundle of cryptocurrencies that you can regularly buy to get exposure to a number of different cryptos. It’s an innovative feature that traders love based on reviews.

The fees however, are higher than it’s competitors which is one of the main drawbacks, with 0.02% - 0.10% fees, many users prefer other Australian exchanges.

The next crypto exchange on our list, Independent Reserve, is also native to Australia, and based on user reviews, it has proven itself to be a reliable platform for crypto trading over the years.

Independent Reserve is a veteran of the Australian crypto scene but supports a smaller range of cryptocurrencies.

For Australians the exchange has a great range of payment methods such as Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Osko, PayID, Paypal.

You can use USD, AUD, NZD + 1 other on the platform. Compared to other exchanges of this type, Independent Reserves fees are competitive at 0.02% - 0.50% depending on trade volume.

Using a premium account allows full insurance on your crypto holdings. Namely, this upgrade ensures guaranteed protection of accounts against a breach of the exchange’s security, employee theft, or any loss of funds from your crypto wallet on the platform.

Moreover, Independent Reserve uses offline, multi-layer encryption for your funds and stores them in cold storage, i.e., offline digital hardware storage devices kept in secure vaults in different locations.

The exchange isn’t perfect for beginners as there is a slight learning curve to it compared to other exchanges, so we recommend it to more experienced traders.

Crypto.com is a great crypto trading platform that is available on both desktop and mobile. Not only can you buy and sell digital assets, but there are also a lot of extra features like the NFT marketplace, Visa debit card, earning, and staking (read on for more information about this since it’s limited for Australians).

One of the main reasons why Crypto.com is popular is because it offers more than 423+ crypto coins that users can buy, sell, or trade. Crypto.com has it’s own cryptocurrency. the good thing about CRO is that you can stake it to reduce trading fees, earn rewards, and provide cash back on purchases via a Visa debit card.

Crypto.com offers a wide range of features including its staking and earn feature, however for Australian users most of this isn’t available. It’s worth mentioning since these might become available in the future. However, at this stage, we don’t think that will happen.

For Australians there are many better options than Crypto.com at this time due to their limited offerings, however, their crypto trading platform is still competitive and worth considering.

Crypto.com comes with excellent customer support. The best part is that they have live chat support ready to help you any time of the day. The downside is that in busy periods, your chat will be replied to by email at a later point.

Overall, Crypto.com’s support team is pretty responsive, depending on how busy they are. Their email ticketing system is also good if you’re not in a rush. But there are better options in terms of support for Aussies.

Coinbase is one of the most mainstream crypto brands on the international stage. This American-based brokerage service was launched in 2012 and since then, it’s followed a highly regulated sequence of growth.

Coinbase is registered as a Money Services Business with FinCEN and has obtained numerous licenses from reliable financial regulators including AUSTRAC in Australia.

Coinbase can be a great choice for crypto traders, especially beginners, due to its user-friendliness and easily navigable interface. They support an insane amount of cryptocurrencies as well, which didn’t used to be the case.

Coinbase has a strict Digital Asset Framework that assesses each currency’s metrics (e.g. market capitalisation, liquidity, customer demand, velocity) before deciding whether to add support for that coin or not.

Another Coinbase feature that many users appreciate is the variety of payment methods. Thus, you can choose to pay with a debit card for small investments, wire transfer for large investments, or bank account for either.

One of the biggest drawbacks for Coinbase has always been its high fees, but this is no longer the case, they’ve made their fees much more competitive at 0.00% - 0.60% based on trade volume. The platform also offers superb account protection. They support three types of 2FA available, a withdrawal whitelist, a Coinbase wallet, and a vault during the registration process.

With Coinbase you get a sense of security and sophistication, but for Australian users there are much better local options.

This exchange has been around since 2013 and has grown into a well-known and reliable platform. Coinmama is quite different to most other exchanges.

The exchange only offers spot trading and doesn’t allow trading in an open market between buyers and sellers. As a result, their platform is very easy to use and allows users to pruchase a range of cryptocurrencies quite easily. In this case they’ve gone for simplicity, focusing on beginners.

They also have good customer support, with options such as support tickets, email, and live chat (during business hours only). However, for Australians the support isn’t great because the timing with live chat doesn’t line up well.

Coinmama is mainly an international exchange, supporting over 180 countries and has millions of satisfied customers. One of the biggest drawbacks for the platform is their fees. On the top end they have one of the highest fees in the industry, especially for a global exchange.

The platform isn’t very transparent about their fees and they also charge a service fee on most trades which can be very high. It also doesn’t support many cryptocurrencies compared to most of it’s competitors.

All in all, the exchange is competitive globally but it’s not great for Australians.

Founded in 2007, eToro is a multi-asset company that knows how to keep users busy with 2,000+ trading products including securities, ETFs, stocks, cryptocurrencies and much more.

In terms of crypto trading, it’s a solid platform that supports a decent amount of cryptocurrencies. They also have some advanced features that are very well known like the copy-trading functionality allowing you to mimic the trading strategies of other users.

eToro excels in its user-friendliness and robust security measures. The platform is designed to cater to both beginners and experienced traders, with an interface that balances simplicity with advanced functionality.

Security on eToro is taken seriously, with the platform employing advanced protocols to safeguard users’ funds and personal information. This includes measures such as two-factor authentication (2FA), encryption, and regular security audits, ensuring a secure trading environment.

eToro has one of the highest fees on the market, but it’s also a much larger platform than most of its competitors for a variety of different assets.

In Australia, eToro is licensed by the Australian Securities Investment Commission (ASIC) under the trading name eToro AUS Capital Pty Ltd. As for customer support, they have both a live chat feature and support tickets available for direct communication.

It’s important to note that while eToro offers a broad spectrum of trading opportunities, the platform may not be the best fit for every trader. Users should consider their specific trading needs and expertise level before choosing eToro.

In summary, eToro’s combination of user-friendly design, innovative features, and strong security protocols positions it as a versatile and reliable choice for a broad range of traders, from novices to seasoned investors.