11 Best Crypto Exchanges in Australia Updated in September 2023

For those Australians, it’s never been more important to understand what to look for in an exchange and how to evaluate the increasing number of exchanges on offer to investors. Most of the time, the platform only supports crypto deposits and withdrawals. The provider usually cannot accept fiat currency because they – don’t have the legal authority. There are a variety of educational resources available on the best crypto platforms that we reviewed. The number of exchanges offering crypto trading and exchange services has dropped to just under 300. But unfortunately, almost all of these providers are unregulated and unlicensed.

Additionally, it allows for leverage on margin trading of up to 100 times. Aussie traders can also access all of these features on their mobile devices from anywhere in Australia. It has every charting feature you could possibly need to help you choose investments more wisely.

OKX- Best Platform For Beginners To Buy Cryptos In Australia

The possibility could be ruled out if experienced code auditors had access to the code, but most cryptocurrencies haven’t yet been audited, so they can’t do this. In addition, many newbie investors are unaware that most cryptos, such as Bitcoin are finite assets like gold. The reason for this is that there will only ever be 21 million Bitcoins in circulation, and something very similar applies to other best cryptos to buy now. The value of cryptocurrencies should therefore continue to rise indefinitely over time. Stock investments, for example, can lead to the creation of new shares. As a result, your investment becomes diluted as more shareholders are available.

• It is a powerful community used by millions of investors around the world to see how successful and experienced traders manage their positions in real-time.
• A regulated broker offers the advantage of increased safety and capital security.
• You can use this to speculate on a cryptocurrency’s value going down in bearish trends.

Intermediate and advanced traders can use KuCoin’s world-class interfaces to place spot, margin trading (up to 10x), and futures (up to 100x) trades. With more than 220 trading pairs featuring BTC, ETH, USDC, and USDT as base collateral currencies, traders benefit from an extensive selection and a wide range of options. The exchange has one of the largest offerings of cryptos with more than 350 coins.

How to trade crypto futures in australia?

Binance is one of the best brokers for finding the best crypto to buy now if you are looking for a platform. The meme coin price charts increased after Elon Musk tweeted about it. When it was listed on popular trading platforms such as Coinbase, cryptocurrency investors gained confidence. This contributed to bitcoin’s all-time high value of $0.74 (£0.55) this year. Since bitcoin was launched in 2014, its value has increased by twenty thousand percent. Look for exchanges that offer convenient methods, such as bank transfers, credit/debit cards, or digital wallets, to facilitate easy deposits and withdrawals.

• As an additional bonus, new users who sign up with our link can receive $100 in cashback vouchers, depending on trading volume in the first week of registration.
• Namely, ByBit not only allows you to invest in crypto derivatives on a variety of contracts, but it also provides a copy trading option to streamline the trading operation.
• Independent Reserve is an extremely secure crypto exchange, and the only one in Australia to offer insurance on crypto assets, up to $5 million.
• Overall, eToro is considered to be the best trading platform for beginner’s in Australia.

With the exchange, users can instantly buy cryptocurrencies with a credit card or debit card, there are no deposit fees for BPAY and PayID, and there are low trading fees. Depositing on CoinJar is free when using NPP, but there are fees of 1.5% for Blueshyft and 2% for Visa/Mastercard, Apple Pay, and Google Pay. CoinJar claims to offer the lowest OTC fees among Australian crypto exchanges, usually less than 0.5%, based on the spread between buyers and sellers. When it comes to supported markets, CMC Markets specializes in CFD instruments.

Decentralised Exchanges

The payment system is powered by the CHRG token, which users can utilize to pay for electric fuel. In exchange, they receive carbon credits that are stored within the C+Charge app. These credits can be utilized or exchanged for other rewards, including valuable NFTs, to encourage more individuals to opt for EVs over conventional petrol vehicles.

One significant advantage of OTC crypto trading is executing large trades without affecting the market. When large orders are placed on traditional exchanges, they can – change prices significantly and significantly affect the market. In contrast, OTC trades are executed directly between the two parties without affecting the market.

Latest Crypto News

Bybit outshines other platforms when it comes to derivatives trading in Australia, primarily due to its deep liquidity and competitively low fees on over 770 crypto assets. These attributes have catapulted Bybit into the league of top contenders, trailing closely behind market leaders like CoinSpot. This competitive edge in the derivatives trading space has ensured Bybit’s position as a favourite among Australian crypto traders, reinforcing its appeal and standing in this competitive market. CoinSpot, hailing from Melbourne, is a distinguished player in the Australian cryptocurrency landscape. With support for over 360 cryptocurrencies and 30 stakable tokens, it comfortably clinches the third spot among the top platforms in Australia. The exchange offers various features, including a crypto card, Non-Fungible Tokens (NFTs), and Bundles (resembling Crypto ETFs).

It is an advanced trading platform designed primarily for experienced and institutional investors. As a newcomer to the world of cryptocurrency trading, BitFinex may seem daunting and may require some time to learn how to use it effectively. I do think that the main issue with CoinSpot, however, is that it charges above-average trading fees.

Swyftx – Overall Best Crypto Exchange In Australia

We have compiled this list based on important aspects that must be considered when choosing the right platform. These include supported payment methods, the number of coins, trading fees, security, and customer support. Swyftx is a well-known Australian-based cryptocurrency exchange that has been operating since 2017. The platform offers a straightforward pricing model, charging a flat 0.6% fee on all trades across over 320 cryptocurrencies. For beginners, Swyftx provides an intuitive interface that is easy to use, and even offers paper trading for those who want to test their trading skills without risking real money. Experienced traders can benefit from real-time price data and integrated charts to facilitate more advanced trading strategies.

• You can be sure that the liquidity levels will be low if you join an unknown crypto trading platform.
• In conclusion, investing in cryptocurrencies in Australia is a secure and regulated process, with a variety of reliable platforms available for both beginners and seasoned investors.
• These Australian exchanges provide a level of assurance and safety measures to protect their customers.
• Credit cards can be used as a payment method to buy over 210 digital currencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Ethereum Classic (ETC), Algorand (ALGO), and Monero (XMR).
• This is because the minimum deposit is just $20 and no fees are charged for deposits or account management.

However, their customer service is somewhat lacking in comparison to other providers. As far as fees are concerned, like CoinSpot, the platform charges a flat fee of 1%. Trading fees on their actual exchange differ for makers and takers based on their 30-day trading volume with the highest fee being 0.1% for makers immediate edge and a flat 0% for takers. So far, they’ve launched numerous solutions to make crypto trading easier for both retail and institutional traders. While no-KYC exchanges offer anonymity, trading with a decentralized exchange is risky. If you lost access to your crypto wallet, you will not be able to restore your funds.

Buy, sell and trade on Australia’s best crypto exchange

It’s really comforting to learn that there is a locally based exchange that offers over 200 cryptocurrencies that you can trade against AUD, USD, and BTC. This means that beginners don’t have to worry about exchanging fiat into crypto on other platforms anymore. The Australian government has implemented regulations to prevent money laundering and terrorist financing through the use of digital currencies. Individuals and businesses are also able to use cryptocurrencies for transactions, and are subject to taxes on any capital gains from buying and selling of cryptocurrencies.

• If you have profound knowledge of crypto trading, it’s definitely the right destination for your next trading venture.
• Quantum AI is one such crypto software that has been receiving massive hype over the last few weeks.
• The Fight Out app leverages advanced technology to track users’ workouts and incentivize them based on their effort, progress, and the type of exercise they participate in.
• The best part is that they have live chat support ready to help you any time of the day.

You can also buy crypto in exchange for fiat but you must use a third-party provider for these transactions since ByBit doesn’t support fiat payments. You can feel the professional edge the very moment you step on the ByBit platform. The user interface looks pretty advanced because of the complex charting tools and the numerous trading options. Still, I can’t say that the platform isn’t intuitive enough for sleek navigation across different markets. I’ve reviewed and ranked the best ones looking at factors such as ease of use, fees, trading features, customer support, and more. You can buy and sell digital currencies fee-free on eToro, an exception to the trading commission rule.

Mobile App

Commsec is also an extremely secure and trustworthy platform that’s licensed by ASIC. While it’s not quite as modern as some new online trading platforms, it’s a solid choice that’s certain worth checking out if you want to trade stocks and options. When you sign up to a crypto exchange, most of them provide you with a wallet that is held in your exchange online.

• If the world-class trading features and markets weren’t enough, you can perform your trades on its crisp and seamless mobile app.
• Finally, something to keep in mind with eToro is the way their daily fees work — you can find all the fees on their website.
• Each time an investor buys an NFT, CHMPZ tokens are burned, creating a deflationary model that will drive the price of CHMPZ upwards.
• Overall, Binance makes our list of the best crypto exchanges in Australia due to its range of financial and crypto services, zero-fee AUD deposits and withdrawals, low fees, and futures trading.
• There is even $20 free Bitcoin for new accounts using our Coinspot referral code.

Transferring funds from your bank account is cheaper but will delay the process. Upon entering your wallet address during a purchase, Coinmama will send the digital currency instantly. With all this, Coinmama is one of the best crypto exchanges Australia for you.

What is the safest crypto platform in Australia?

Spot trades will incur maker and taker fees of 0.1% whilst futures start at 0.02% and 0.0%, respectively. These are the maximum fees customers will pay since they can be reduced depending on the 30-day trading volume, or by the amount of KCS held. All in all, these fees are very economical and comparable to other altcoin exchanges of similar reputation. Like most modern-day crypto exchanges, CoinSpot has two-factor authentication (2FA).

• KYT basically monitors transactions on the exchange and looks for suspicious patterns.
• Cointree is a simple and safe exchange for residents in Australia to buy, trade, and sell digital currencies.
• Additionally, CoinJar is known for its secure custody, customer support, and customizable layouts and interfaces.

Huobi Global is currently among those platforms that offer the highest leverage to all margin trades. It supports over 348 cryptocurrencies and 160+ pairs for margin trading. It falls under the top ten categories of crypto trading platforms in Australia.