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Best Crypto Exchanges in Australia (2021)

Review and compare the best and most trusted cryptocurrency trading platforms in Australia. Find the crypto exchange with the lowest fees and fastest Australian Dollar deposits.

Tanya Chen

Editor at Buy Bitcoin Finder

Cryptocurrency Trading in Australia

Australia is one of the most cryptocurrency crazy countries around the world. According to a recent study by leading Australian cryptocurrency exchange Independent Reserve, 1 in 5 Australians are open to investing in cryptocurrency over the next 6 months.

With so many Aussie's interested in cryptocurrency, and over 250 registered digital currency exchanges in Australia - this article is designed to help you find the best cryptocurrency in Australia for your needs.

Best Crypto Exchanges in Australia

The list below are the top 5 cryptocurrency exchanges in Australia based on user experience, fees, security and crypto asset diversity.

  1. CoinSpot - best overall
  2. Independent Reserve - best for high-net worths
  3. Binance Australia - best for advanced trading
  4. SwyftX - best for low fees
  5. Coinbase Australia - best for beginners

1. CoinSpot Australia (Overall Best)

CoinSpot Review

CoinSpot is widely regarded as the best, easiest and most useable exchange in Australia for anyone to get into cryptocurrency. Their platform is the most popular crypto exchange in Australia boasting over 2 million users.

They support the widest range of cryptocurrencies and altcoins in Australia that can be bought, sold and traded all one one platform. This includes Bitcoin, Ethereum, Chainlink, Cardano, Tezos and much more.

They also offer a secure and easy to use wallet for users to store their coins and then quickly be able to convert them for AUD.

CoinSpot login screen

CoinSpot Trading Costs

CoinSpot fees on their instant order's are 1% which is a little less competitive than Independent Reserve and other exchanges on the market - however it is definitely the most convenient option.

Their platform also offers a market buy feature, which is a lower fee at 0.1% - but is a slightly more advanced way to start trading and is similar to stock trading. We would recommend getting comfortable with the instant buying process if you are new, prior to moving over to market orders.

Is CoinSpot Legit?

CoinSpot is one of the most trusted exchanges in the country. They have been a certified member of Blockchain Australia since 2014 and have passed extensive security audits.

Is CoinSpot Safe?

Yes - you can securely manage your cryptocurrencies on CoinSpot's hosted wallets. If you withdraw your crypto elsewhere, that is at your risk. If you are new to crypto - we recommend storing your crypto in CoinSpot wallets.

Some users thought there was something wrong with CoinSpot in 2018 when they suspended all AUD deposits - but it was false and turned out to be an issue with Australian banks.

Is CoinSpot Safe?

Is SwyftX Better Than CoinSpot?

When comparing CoinSpot vs SwyftX - we take the view that CoinSpot is the superior exchange because of the user experience, transparent fee structure, platform security and overall choice of cryptocurrencies.

Can I buy Safemoon on CoinSpot?

You cannot buy Safemoon in Australia directly on CoinSpot. You need to buy Tether (USDT) on an exchange like CoinSpot, send it to another exchange that sells Safemoon and buy it there. You can learn exactly how to buy Safemoon in our guide.

The same applies for other new meme coins like Floki Inu.

Binance vs CoinSpot Comparison

In comparing Binance vs CoinSpot, the key consideration a user must take is the fact that CoinSpot is a regulated and local exchange in Australia - whereas Binance is not. For some users, they believe that their funds are less secure when left on Binance compared to the Australian alternative CoinSpot.


Their platform is the most user-friendly and easy to navigate. It is simple and fast to create an account, deposit AUD and purchase the latest cryptocurrencies.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Australian Dollars (AUD)
CoinSpot Cryptocurrencies
Bitcoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Theta, Matic (Polygon) + 250 more
Trading Fees
0.1% - 1%
Deposit Methods
PayID/Osko, SWIFT, EFT, POLi and cryptocurrency
Visit CoinSpot

2. Independent Reserve

Independent Reserve Review

Independent Reserve is Australia's most trusted exchange that was awarded Australian cryptocurrency exchange of the year in 2019. Most notably, they offer a simple user interface, competitive fees and the best cryptocurrencies including all of the latest DeFi tokens.

Independent Reserve's exchange is available to customers worldwide, however their key focus is in Australia, New Zealand and Singapore. In terms of fiat deposits, they also accept AUD, USD and NZD as shown above.

Their exchange offers one of the widest rangest of deposit methods available in Australia including PayID/Osko, EFT, POLi and SWIFT. This makes it easy for Australians and New Zealanders to quickly onboard and buy Bitcoin and other cryptocurrencies due to their great range of on-ramps.

Independent Reserve Fees

Independent Reserve fees are also the best in Australia starting at 0.05% up to 0.5%.regarded as the easiest and most useable exchange in Australia for newbies to get into cryptocurrency.

Independent Reserve Deposits

Independent Reserve's exchange is available to customers worldwide, however their key focus is in Australia, New Zealand and Singapore. In terms of fiat deposits, they accept Australian Dollars, US Dollars, New Zealand Dollars and Singapore Dollars.

Their exchange offers one of the widest rangest of deposit methods available in Australia including PayID/Osko, EFT, POLi and SWIFT. This makes it easy for Australians and New Zealanders to quickly onboard and buy Bitcoin and other cryptocurrencies due to their great range of on-ramps.

They are the best exchange to buy Bitcoin with a Commonwealth Bank Account, Bank of China Account, ANZ Bank Account and Westpac Bank Account.

Independent Reserve Security

Another important thing to note is that Independent Reserve has one of the best track records in the world in terms of being a cryptocurrency exchange that has never been hacked. They are well known in Australia for their security and are one of the only cryptocurrency exchanges around the world that offer insurance on crypto assets.

Independent Reserve are also considered one of the best exchanges for Over the Counter (OTC) trades and Self Managed Super Fund clients that are interested in diversifying into cryptocurrency.

Trading Interface

Their order book style trading interface is extremely easy for both experienced and first time investors.

Users have the option to place a market buy, meaning they can buy Bitcoin or another cryptocurrency instantly using the lowest sell price available. Or alternatively, place a limit order that enables users to choose a price they wish to buy Bitcoin or another cryptocurrency at.

For example, a user can set a 'limit buy' for $1,000 AUD worth of Bitcoin at $12,000 AUD. This means that when the BTC AUD Price drops to $12,000 AUD - a $1,000 AUD buy order will execute for the user automatically.

BTC Markets vs Independent Reserve

When comparing Independent Reserve vs BTC Markets, the two main factors to consider are liquidity and trading fees. Independent Reserve wins easily on both.

The BTC Markets fees start at 0.6%, while Independent Reserve is cheaper at 0.5%

Independent Reserve tends to trade more in terms of daily volume in Australian Dollars when compared with BTC Markets, making them the more liquid exchange.

Read our detailed Independent Reserve Review for more information.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Australian Dollars (AUD), US Dollars (USD) and New Zealand Dollars (NZD)
IR Cryptocurrencies
Bitcoin, Ethereum, Cardano, AAVE, Chainlink, Litecoin, Polkadot+ 20 more
Trading Fees
0.02% - 0.5%
Deposit Methods
PayID/Osko, Bank Transfer, SWIFT, Bank Deposit
Visit Independent Reserve

3. SwyftX

SwyftX Review

Swyftx is a cryptocurrency exchange based in Brisbane Australia that offers a simple platform for Australians to buy, sell, trade and invest in over 100 different cryptocurrencies. Their exchange is designed for simplicity and is focused of making it easy for new users to buy crypto in Australia.

Their platform offers an extremely wide range of features including automated dollar cost averaging, instant buys, rapid verification, buy with a Credit Card or Debit Card and much more.

Is SwyftX Safe to Use?

Although SwyftX is a much newer exchange when compared to industry veterans like Independent Reserve and CoinSpot, they are still a safe destination to trade.

SwyftX vs Binance

Based on our research, when comparing SwyftX vs Binance as an Australian user, we tend to prefer SwyftX due to the fact that they are a local exchange and have low fees. Binance has been banned in other Commonwealth regions like Ontario, Canada - so there are some risks when it comes to their platform.

Is SwyftX Easy to Trade with?

SwyftX offer an easy to use instant buy feature on the SwyftX App. All you need to do is deposit Austalian Dollars, select what crypto you want to buy and you're ready to trade. You can learn more about SwyftX Fees in our extended review.

The SwyftX Wallet

The SwyftX managed wallet enables clients to safely store all of the differency crypto assets that are listed on the SwyftX platform. Although the SwyftX Wallet, or any other exchange wallet for that matter is secure - we would still recommend that users withdraw their assets into cold storage.

Read a full SwyftX Review for more information.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Australian Dollars (AUD)
SwyftX Cryptocurrencies
Bitcoin, Ethereum, Litecoin, XRP, Safemoon, Shiba Inu, Polkadot + 200 more
Trading Fees
Deposit Methods
Credit Card, Debit Card, PayPal, Bank Transfer, SWIFT, PayID/Osko
Visit SwyftX

4. Binance Australia

Binance Australia Review

Binance Australia is the Australian version of Binance, which is the world's largest cryptocurrency exchange. The platform offers a wide range of Australian Dollar pairs with the highest daily volume when compared to its Aussie competitors.

Binance Australia

Can You Use Binance in Australia?

Yes. Binance Australia enables Australian bank accounts to deposit AUD via Bank Transfer, Osko, PayID or even with a Credit Card or Debit Card. You can also use the Binance App in Australia to buy, sell and trade safely.

Is Binance Australia Safe?

Yes Binance Australia is safe. The Binance Australia business is operated by InvestByBit Pty Ltd (ABN 98 621 652 579) - which is a registered digital currency exchange in Australia.

Although Binance is a worldwide exchange, the Binance Australia exchange is regulated in the exact same way as other Australian exchanges are.

Binance Fees

One of the most appealing features of Binance Australia is their fees. Compared to other options in Australia, their fees start at 0.1% which is equal to the lowest trading option on CoinSpot.

Binance Summary

Binance Australia is a great option for Aussie crypto investors who are looking to actively trade. However, it is pertinent to note that this is not without its risks. Binance are a 'cutting-edge' exchange and are generally not favoured by regulators in Australia or overseas.

If you want a secure and easy to use trading option in Australia, we would recommend CoinSpot for ease of use, or SwyftX for cheaper fees.

You can read a full Binance Australia Review for more information.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
AUD, USD, GBP, CAD, EUR + 45 more
Binance Australia Cryptocurrencies
Bitcoin, Ethereum, Polygon (MATIC), Sun Token, AMP Crypto, Rune (Thorchain) + 300 more
Trading Fees
Deposit Methods
Bank Transfer, Debit Card, PayID and Credit Card
Visit Binance Australia

5. Coinbase Australia

Coinbase Australia Review

Coinbase Australia is a lite version of the Coinbase USA platform that allows Australian users to buy Bitcoin and cryptocurrency - but not sell.

Coinbase Australia trading platform

Coinbase Australia is a limited offering as a digital currency exchange and only allows users domiciled in Australia to buy Bitcoin and a select few other cryptocurrencies with a Debit Card. Although the Coinbase Web App and iOS App is secure and easy to use, their limited functionality makes them an inefficient option for Australian investors.

Is Coinbase or CoinSpot better?

For Australian users, CoinSpot is the best crypto exchange in Australia to buy and sell digital assets. CoinSpot has lower fees, faster Australian Dollar deposits and local customer support whereas Coinbase are based in the United States.

Coinbase Australia Fees

Due to Coinbase's limited functionality in Australia, users can only deposit AUD via Debit Card which is extremely expensive. As it stands the Coinbase fees in Australia start at 3.99% to deposit fiat.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
AUD, USD, NZD, GBP, EUR + more
Coinbase Australia Cryptocurrencies
Bitcoin, Ethereum, Bitcoin Cash, Bitcoin SV, AMP Token, Polkadot, Enzyme Finance + more
Trading Fees
Deposit Methods
Debit Card only
Visit Coinbase Australia

6. Coinstash Australia

Coinstash Review

Coinstash is a relatively new cryptocurrency exchange in Australia that currently offers Bitcoin, Ethereum and XRP on their sleek and easy to use exchange.

Based in Brisbane, Australia - Coinstash is a rapidly growing exchange in the space that has a clean and easy to use UI for both new and seasoned investors in the space to get onboarded with the top cryptocurrencies.

Coinstash Australia

Read a full Coinstash Review for more information around their exchange.

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Coinstash Cryptocurrencies
Bitcoin, Ethereum, XRP Ripple
Trading Fees
Deposit Methods
Bank Trasnfer, POLi and PayID
Visit Coinstash Australia

7. Coinjar Australia

Coinjar Australia Review

Coinjar is a popular Australian cryptocurrency exchange based in Melbourne that boasts over 400,000 users and is the official sponsor of the AFL team the Melbourne Demons.

Coinjar Exchange Review

The Coinjar exchange in Australia is a reputable platform that offers AUD and GBP deposits for users to trade 24 different crypto assets. The Coinjar platform has two main ways for users to trade, the first is via their easy to use instant buy feature and the other is through their advanced trading platform.

You can read a full Coinjar Review for more information.

Coinjar Fees

Coinjar fees are relatively cheap if you use their advanced order feature, which charges 0.1% per trade. If you use their instant-buy product, trades can be 1% per buy or sell, which is expensive.

Coinjar vs CoinSpot

When comparing Coinjar vs CoinSpot, we take the view that CoinSpot is the superior exchange. CoinSpot offer the same features as Coinjar, but with over 250 different cryptocurrencies, which gives users more optionality.

Frequently Asked Questions

What is the best crypto exchange in Australia?

Based on the research provided in this guide, we believe that CoinSpot is Australia's best cryptocurrency exchange on overall user experience. Their trading platform is the largest in the country with over 1 million users on their web app and the CoinSpot Mobile App.

Which crypto exchange has the lowest fees in Australia?

SwyftX have the lowest instant buying fees at 0.6% per transaction. Competitors like CoinSpot and Coinbase charge 1% and 2% respectively.

Is it safe to leave Crypto on CoinSpot?

Users can safely leave their crypto on the CoinSpot platform via the CoinSpot secure managed wallets. CoinSpot have never had any issues with security since their inception in 2013.