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Best Crypto Exchanges In Australia

With so many Australian crypto exchanges available for purchasing digital assets, it can be hard to find an exchange that's the right for you. At Evening Star we have reviewed over 90 crypto platforms to find the 10 best cryptocurrency exchanges in Australia.
September 05, 2021

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ProviderBank TransferVisa/MastercardAvailable CryptoOur Score
CoinSpot Exchange AustraliaYesYes
BTC, ETH, LTC, ADA, DOG +100 more
9
Visit site
Coinbase Exchange AustraliaNoNo
BTC, ETH, QNT, USDT + 100 more
8.5
Visit site
Binance Exchange AustraliaYesYes
ETH, BTC, SOL, ADA + 100 more
9
Visit site
Swyftx Exchange AustraliaYesYes
ETH, BTC, ADA, USDT + 100 more
9
Visit site
Digital Surge Exchange AustraliaYesYes
BTC, ETH, ADA, BNB + 200 more
8
Visit site
Coinjar Exchange AustraliaYesYes
BTC, ETH, XRP, + 24 more
8
Visit site
CoinTree Exchange AustraliaYesYes
BTC, ETH, DOT, EOS + 160 more
8
Visit site
CoinMama Exchange AustraliaYesYes
BTC, ETH, UNI, XRP + 6 more
7
Visit site
Kucoin Exchange AustraliaYesYes
BTC, ETH, XRP + 158 more
7
Visit site
#1
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: BTC, ETH, LTC, ADA, DOG +100 more
Score: 9
#2
Bank Transfer: No
Visa/Mastercard: No
Available Crypto: BTC, ETH, QNT, USDT + 100 more
Score: 8.5
#3
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: ETH, BTC, SOL, ADA + 100 more
Score: 9
#4
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: ETH, BTC, ADA, USDT + 100 more
Score: 9
#5
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: BTC, ETH, ADA, BNB + 200 more
Score: 8
#6
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: BTC, ETH, XRP, + 24 more
Score: 8
#7
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: BTC, ETH, DOT, EOS + 160 more
Score: 8
#8
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: BTC, ETH, UNI, XRP + 6 more
Score: 7
#9
Bank Transfer: Yes
Visa/Mastercard: Yes
Available Crypto: BTC, ETH, XRP + 158 more
Score: 7

1. CoinSpot Exchange Australia

CoinSpot is known as one of Australia’s most trusted crypto exchanges. Founder, Russell Wilson, started CoinSpot in 2013 and operates out of Melbourne, Victoria, Australia.

This crypto exchange gives users access to over 280 cryptocurrencies. Two hundred eighty cryptocurrencies may seem like a lot of options, but they have real-time updates on each cryptocurrency, so you can decide to buy or sell when it’s right for you.

Some of the cryptocurrencies that users can buy and sell on this platform include Bitcoin, Ether, Bitcoin Cash, Ripple, Litecoin, Dash, NEM, and much more.

One thing to keep in mind when using CoinSpot is that there is a 1% fee on all transactions.

Many people like CoinSpot because the platform is easy to use for beginners and advanced traders.

Website:
Link
Country:
AUD, NZD
Transaction Fees:
0.1%-1%
Currencies Available:
290+

2. Coinbase Exchange Australia

Coinbase is a crypto exchange that was founded back in 2012 and now operates in over one hundred countries around the world, including Australia. San Francisco, California, is the home base for Coinbase and has more than 1,7000 workers. The founders of Coinbase began with the mission to increase economic freedom around the world and are still following that mission to this day.

New to Coinbase? Get $10 worth of free Bitcoin instantly when you sign up via our exclusive link.

Coinbase doesn’t have a huge selection of cryptocurrencies to choose from, but it has four large ones. This exchange gives users access to four cryptocurrencies, including Bitcoin, Bitcoin Cash, Ether, and Litecoin.

Coinbase is very user-friendly, and the website allows you to make a purchase online with your credit or debit card. In addition, the website provides easy tracking for all purchases so you can keep track of everything in one place.

It’s relatively simple to begin buying and selling on Coinbase. All you have to do is create an account, link your bank account, and then start buying and selling. One thing to note is that you do need to verify your identity with the CoinBase team before trading, but the process is usually quick.

One of the best features of Coinbase is that all cryptocurrency that you buy from them is protected by an insurance plan they have. There are currently 56 million verified users on Coinbase, making it a rather large exchange.

Website:
Link
Country:
AU, NZ, US, UK
Transaction Fees:
0%-4%
Currencies Available:
268+

3. Binance Exchange Australia

Compared to some of the other exchanges mentioned so far, Binance is a newer exchange. Binance’s founder developed this crypto exchange in 2017, and you will find the headquarters is in Malta.

New to Binance Australia? Get a huge discount on your purchasing fees when you sign up via our exclusive link!

The idea behind Binance is to improve the freedom of money throughout the world. They have an extensive range of cryptocurrencies for users to buy and trade. A few of the currencies you can trade on this platform include Bitcoin, Bitcoin Cash, Bitcoin Gold, NEM, Dash, Ether, Ripple, and much more. You’re even able to purchase Binance’s cryptocurrency, Binance Coin, if that’s something you’re interested in.

For those who may want more knowledge about buying and selling cryptocurrencies, Binance offers an academy on their website. Users can learn about the different currencies and other aspects of the cryptocurrency world.

Website:
Link
Country:
AU, NZ
Transaction Fees:
0%-0.5%
Currencies Available:
260+

4. Swyftx Exchange Australia

Swyftx is by far one of the best Australian crypto exchanges on the market. You can easily buy and sell cryptocurrencies by depositing via bank transfer, PayID, or POLi.

If you’re new to Swyftx, you can sign up via our exclusive code to get $10 worth of free Bitcoin added to your account instantly (no purchase required!)

When you first sign up with Swyftx, you will be assigned an account manager to assist you with everything you may need. This feature makes buying and selling on Swyftx a great exchange for beginners so they can better understand how crypto works.

You can trade over 230 different cryptocurrencies with this platform, and their fees are also incredibly low—trading fees when using this exchange stay around 0.6%

Website:
Link
Country:
AU, NZ
Currencies Available:
0.6%

5. Digital Surge Exchange Australia

Two friends started Digital Surge when they decided that purchasing cryptocurrency didn’t need to be as complicated as it’s made out to be. This exchange aims to keep things as simple as possible for users while still maintaining a professional appearance.

They operate out of Australia and have given Australians an easy-to-use platform to get started in the world of crypto. When you begin buying and selling on Digital Surge, you’ll see that there are over 250 cryptocurrencies to choose from.

One of the best features of Digital Surge is that their fees are incredibly low. Most of their costs for trading are under 0.1%, and they take pride in not having any other hidden fees.

They have a two-factor identification system before you’re able to make any withdrawals to keep your assets safe.

Website:
Link
Country:
AU, NZ
Transaction Fees:
0.1%-0.5%
Currencies Available:
200+

6. Coinjar Exchange Australia

CoinJar is an Australian-based cryptocurrency exchange that has been operational since 2013. Since going live in 2013, there are over 400,000 users trading on the platform in Australia alone.

New to Coinjar? Get $10 worth of Bitcoin via our exclusive sign-up link.

There have been over one billion dollars traded on the platform, which is comparable to other exchanges on the market. The three biggest cryptocurrencies that users trade on CoinJar are Bitcoin, Ethereum, and Ripple.

There are a total of 24 currencies to choose from if those three don’t appeal to you. Fees that you typically see when buying and selling on CoinJar are around 1%. This transaction fee is pretty average across the board, but be sure to check to see if anything has changed before buying or selling.

Website:
Link
Country:
AU
Transaction Fees:
0%-1%
Currencies Available:
24+

7. CoinTree Exchange Australia

CoinTree is another exchange that the founders developed in 2013. The best thing about CoinTree is that developers created it for Australians.

You can only purchase Bitcoin directly through the app, but you can then trade them for other currencies once you have Bitcoin in your wallet. When you first purchase Bitcoin, you will be charged a 3% fee. Once you begin trading Bitcoin for other cryptocurrencies, there is a 0% fee.

Other than Bitcoin, there are a few that you can trade once you have Bitcoin. Some of those cryptocurrencies include Ripple, Ether, Dash, Bitcoin Cash, Litecoin, and over one hundred more.

Something to keep in mind when trading on CoinTree is that they rely on ShapeShift to handle their trades for everything but Bitcoin.

One thing that sets CoinTree apart from other exchanges is that if you don’t find it the most straightforward exchange to use, the company will send you $500.

Over 80,000 people are currently registered to trade with CoinTree, and over 170 million dollars have been bought and sold among those users.

When using a crypto exchange, you want to make sure your digital assets are protected. You can trust that your cryptocurrency is protected because they use bank-level encryption services.

Website:
Link
Country:
AU
Transaction Fees:
0.5%
Currencies Available:
160+

8. CoinMama Exchange Australia

Nimrod founded CoinMama back in 2013. Since then, CoinMama has become a trusted crypto exchange that more than 2.5 million people use worldwide.

In addition, traders can access CoinMama in 188 countries. CoinMama has a limited number of cryptocurrencies that you can exchange. You could call them a niche service. They only offer to trade the top 11 cryptocurrencies including Bitcoin and Ethereum.

Users will use a debit or credit card to purchase Bitcoin and or Ether. You are limited to purchasing smaller quantities of these currencies.

One thing that’s a little different about CoinMama is that you don’t need to verify your identity, unlike many of the other platforms.

The biggest thing you need to know about CoinMama is that their fees tend to be much higher than other exchanges. Some of these fees can be up to 5.5%.

When you pay for your cryptocurrency, you will have the Bitcoin or Ether within an hour of your payment going through. You have to have your wallet address approved before the cryptocurrency will appear as well.

Website:
Link
Country:
AU, US
Transaction Fees:
5.5%
Currencies Available:
10

9. Kucoin Exchange Australia

Kucoin is a much smaller exchange than some of the other options available to traders. That being said, the fewer number of people on the platform means trades may not go as fast as you would like.

Just because this is a smaller exchange doesn’t mean there are only one hundred people on the platform. Kycoin has over eight million users.

Kucoin has more than 20 fiat currencies and over 150 cryptocurrencies for traders to buy and sell. These currencies can be traded for another crypto or purchased via PayPal, wire transfer, or Interac e-transfer.

To buy crypto with a debit or credit card, you can do so with Simplex and some other third-party payment options. Just keep in mind that not all of them accept the Australian dollar.

Something that’s really appealing about using Kucoin is that they have what they call a fixed fee. So each transaction, regardless of currency, has a fixed rate of only 1%

Website:
Link
Country:
AU, US
Transaction Fees:
1%
Currencies Available:
160+

Cryptocurrency is no longer just a concept people casually talk about. Crypto is quickly becoming the currency of the future. While many people immediately think of Bitcoin when talking about cryptocurrency, several other currency exchanges exist out there.

The best advice for crypto exchanges is that once you find one that works for you, stick with it.

If you’re ready to begin using crypto in your everyday life but aren’t sure where to start, look at some of the best Australian crypto exchanges on the market today.

How to Find the Best Cryptocurrency Exchanges

Determining which cryptocurrency exchange is best for you comes down to a number of factors. Here are a few things to consider before you begin trading on any cryptocurrency exchange.

Size of the Exchange

Looking at the size of the exchange can help pick an exchange that is right for you. Likewise, looking at the number of users that are currently trading on the platform can determine how easy it will be for you to do any trading.

If you’re looking at an exchange that has a high number of traders, that’s a pretty good sign that trading will be relatively easy and quick. Those exchanges that have a smaller number of traders on the platform may take longer for buying and selling to happen.

If the transaction speed isn’t as important to you, then the size of the company may not matter as much either. Regardless of whether it’s important to you or not, this is something you’ll want to consider before depositing any money.

Number of Cryptocurrencies Available on the Platform

For someone looking to get into trading various different currencies, choosing a platform that offers a larger number of cryptocurrencies is worth looking into.

If you’re interested in trading, for example, Bitcoin or only one cryptocurrency, choosing an exchange that offers a smaller amount of currencies is not a bad option for you.

Something to consider is that if you know, you’ll want to branch out and begin trading more than one currency, choosing one that allows you to start with one but then buy and trade many others, later on, finding one with higher numbers might be for you.

Transaction Fees

Pretty much any crypto exchange has transaction fees. It’s practically unavoidable. Finding a crypto exchange that has low transaction fees is something to consider when signing up for one.

Some exchanges have varying fees depending on the currency you’re exchanging and the currency you’re using to do so. For example, when you’re trading in Australian dollars, something to watch for is fees being higher solely because of the currency you’re using.

One thing that you can look for is a crypto exchange that has a fixed transaction fee. These don’t happen often, but there are exchanges out there that charge the same fee regardless of what you’re trading and how much.

Charging a fee of around 1% is pretty average, but anything higher than that can get costly.

Deposit Fees

Not all exchanges charge fees for depositing funds, but many do. This is something you’ll want to look into before trading. Some of these fees may not be directly listed on their websites, so reaching out to customer support can help.

Security Measures

Whether you’re sending traditional money back and forth or using cryptocurrencies, you’ll want to keep your money safe. All the crypto exchanges have security measures in place to keep their user’s digital assets safe.

Most exchanges on the market have very strong measures in place, but some go a step further. For example, some exchanges require a two-factor identification system to deposit and withdraw funds, whereas others don’t.

The lack of a two-factor identification system isn’t necessarily a bad thing, but it’s something you’ll want to consider if you’re looking for that extra security measure.

ID Verification

The majority of cryptocurrency exchanges require users to verify their identity upon creating their accounts. This is to make sure you’re not using any money or assets that aren’t yours. It’s a measure that keeps you and other users safe.

But, if you’re looking for a lot more privacy when trading, there are exchanges out there. Some exchanges don’t require you to show any proof of ID when you create your account.

Customer Support

Whether you’re beginning your journey into the crypto world or have been there for quite some time, customer support is essential. Having access to support 24/7 can be the most beneficial way to become better at trading.

If you consider yourself someone who is more advanced in crypto or maybe has a background in finance, this may not be a feature that’s as important to you.

Learning Opportunities

Along with having readily available customer support, many exchanges have blogs or sections of their website dedicated to educating users. This can be a great tool for beginners as well as those who are just looking to learn more about the world of cryptocurrency.

Some exchanges don’t have this feature, and that’s okay. If you don’t really care about these posts, then an exchange that doesn’t offer these can still be a good option for you.

Final Thoughts On Best Crypto Exchanges In Australia

There are hundreds of crypto exchanges available to people nowadays. Choosing one that is the best for you doesn’t need to be as intimidating as it’s made out to be.

Finding an exchange that is easy to use, efficient, and safe is out there for you, and any of these options above are worth looking into. The exchanges listed are some of the best Australian exchanges you can find right now.

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