Best Crypto Platforms in Australia for 2025: Top Exchanges Compared
- Top Crypto Exchanges in Australia for 2025
- How to Choose the Best Crypto Exchange
- Getting Started with Crypto in Australia
- Crypto Tax Reporting in Australia
- FAQ: Australian Crypto Exchanges
Looking for the best crypto exchange in Australia? With so many options available, choosing the right platform can be overwhelming. This comprehensive guide breaks down the top crypto exchanges in Australia for 2025, comparing fees, features, security, and more to help you find the perfect fit for your trading needs.
Top Crypto Exchanges in Australia for 2025
After analyzing over 25 platforms, here are the best cryptocurrency exchanges available to Australian traders:
1. Kraken: Best Overall Exchange
Kraken stands out as the premier choice for Australian crypto traders, winning multiple awards including Best Overall and Advanced Trading. With daily volumes exceeding $500 million, Kraken offers deep liquidity across major trading pairs.
Key Features:
- 0-0.26% trading fees on Kraken Pro
- 200+ cryptocurrencies available
- Advanced trading tools with TradingView charts
- Staking, swaps, and NFT marketplace
- AUSTRAC-registered with strong security
According to data from CoinMarketCap, Kraken consistently ranks among the top 5 global exchanges by trading volume, making it particularly suitable for high-volume traders.
2. Swyftx: Best for Beginners
Swyftx has become the go-to platform for new crypto investors in Australia, with over 700,000 users praising its intuitive interface.
Why beginners love Swyftx:
- 440+ cryptocurrencies available
- 0.1%-0.6% trading fees (volume-based)
- Local Australian customer support team
- Comprehensive mobile app with demo mode
- Educational resources for new traders
The platform maintains a 4.7/5 rating on Trustpilot, with users particularly appreciating the responsive customer service.
3. OKX: Best for Instant Purchases
OKX combines global scale with Australian accessibility, offering:
- 280+ cryptocurrencies available instantly
- 0.02%-0.5% trading fees
- Monthly proof of reserves published
- Derivatives trading for wholesale clients
- Trusted by 50 million users worldwide
As a partner of Manchester City FC and McLaren Formula 1, OKX brings mainstream credibility to crypto trading.
4. CoinSpot: Best Local Exchange
As one of Australia's oldest exchanges (founded 2013), CoinSpot offers:
- 440+ cryptocurrencies
- 0.1% spot trading fees
- Multiple AUD deposit methods including PayID, BPAY
- 2.5 million registered users
- SMSF support for retirement investors
CoinSpot maintains a perfect 5/5 rating on ProductReview.com.au, with users praising its reliability and Australian-based operations.
5. BTCC: Best for Crypto Futures Trading
BTCC stands out for traders interested in derivatives and futures contracts:
- Competitive 0.04% maker/0.06% taker fees
- High liquidity across major trading pairs
- Advanced trading interface with professional tools
- Secure platform with multi-layer protection
- Available in multiple global markets
6. Bybit: Best Crypto App
Bybit's mobile app offers a complete trading experience:
- 0.01% spot trading fees
- 330+ cryptocurrencies available
- Real-time charts with technical indicators
- Biometric authentication for security
- Available in multiple languages
When choosing an exchange, consider your trading needs, preferred assets, and security requirements. All recommended platforms are AUSTRAC-registered and maintain strong security measures to protect user funds.
How to Choose the Best Crypto Exchange
When selecting a crypto platform in Australia, consider these key factors:
Fees and Costs
Exchange fees can significantly impact your returns. Based on data from TradingView and CoinMarketCap, here's a detailed comparison of spot market fees among major Australian exchanges:
| Binance | 0.10% | 0.10% | Volume discounts available |
| BTCC | 0.08% | 0.10% | Competitive rates for high-volume traders |
| Coinjar | 0.10% | 0.10% | Simple flat fee structure |
| KuCoin | 0.10% | 0.10% | Wide altcoin selection |
| ByBit | 0.10% | 0.10% | Strong derivatives platform |
| CoinSpot | 0.10% | 0.10% | Australian-based with local support |
| Kraken | 0.25% | 0.40% | Pro version offers lower fees |
| Coinbase | 0.40% | 0.60% | Higher fees but strong security |
| OKX | 0.50% | 0.50% | Good for instant purchases |
| Swyftx | 0.60% | 0.60% | Beginner-friendly interface |
| BTC Markets | 0.85% | 0.85% | Australian exchange since 2013 |
| Coinstash | 0.85% | 0.85% | Specializes in altcoins |
| eToro | 1.00% | 1.00% | Social trading features |
Security Measures
Security should be your top priority when choosing an exchange. The BTCC team recommends looking for platforms with:
- Two-factor authentication (2FA): Essential for account protection
- Cold storage: At least 95% of funds should be stored offline
- Regular security audits: Third-party audits by firms like CertiK
- Proof of reserves: Verifiable on-chain evidence of holdings
- AUSTRAC registration: Mandatory for Australian operations
- Insurance funds: Protection against potential breaches
Customer Support
Quality support is crucial when issues arise. Based on user reviews and our testing:
- Swyftx: Offers 24/7 Australian-based support with average response time under 30 minutes
- CoinSpot: Local team available during business hours with comprehensive FAQ resources
- BTCC: Multilingual support team with dedicated account managers for high-volume traders
- Kraken: Global support with live chat for urgent issues
Additional Considerations
Other important factors to evaluate:
- Payment Methods: Look for platforms supporting PayID, Osko, and BPAY for fast AUD deposits
- Trading Features: Advanced order types, staking options, and API access
- Mobile Experience: Fully-featured apps with biometric login
- Educational Resources: Beginner guides and market analysis tools
Remember that the "best" exchange depends on your specific needs as a trader. Beginners may prioritize ease-of-use and educational resources, while experienced traders often look for advanced charting tools and lower fees.
Getting Started with Crypto in Australia
Setting up a cryptocurrency trading account in Australia involves a simple process that can be completed quickly, with verification times varying by platform. Follow this comprehensive guide to begin your trading journey:
- Valid email address
- Secure password creation
- Mobile number for authentication (varies by platform)
- Government-issued identification documents
- Recent proof of residence
- Potential facial verification through photo submission
- Electronic bank transfers (processing times vary)
- Instant payment services
- Card payments (note potential surcharges)
- Alternative payment systems
- Physical cash deposits at designated locations
- Execute immediate trades through simplified interfaces
- Utilize professional trading tools with advanced order types
- Establish automated investment plans
- Access supplementary financial products
Many platforms offer simulated trading environments for practice without financial risk. Market analysis indicates that traders who utilize these educational resources often achieve improved results over time.
For optimal security, implement multi-factor authentication, create unique credentials, and consider secure storage solutions for digital assets. Experts recommend beginning with modest investments while becoming familiar with market behavior and platform functionality.
Crypto Tax Reporting in Australia
All cryptocurrency transactions in Australia are considered taxable events by the Australian Taxation Office (ATO). This includes trading, selling, spending, or earning crypto. The ATO has been actively tracking crypto transactions through data matching programs with Australian exchanges since 2019.
Most exchanges provide basic tax reports that include your trading history, but these often lack comprehensive tax calculations. For accurate reporting across multiple platforms and wallets, specialized crypto tax software can automatically:
- Import transactions from 100+ exchanges
- Calculate capital gains/losses using FIFO, LIFO, or HIFO methods
- Generate ATO-compliant tax reports
- Track cost basis across multiple wallets
- Identify missing transactions
Australian crypto investors need to be particularly diligent with record-keeping as:
| Trading crypto-to-crypto | Swapping one cryptocurrency for another |
| Selling crypto for fiat | Converting to traditional currency |
| Using crypto for purchases | Buying goods/services with digital assets |
| Earning crypto | Receiving rewards or mining income |
It's recommended to keep detailed records of all transactions including:
For complex portfolios spanning multiple platforms, professional tax software becomes essential to ensure compliance and potentially identify tax-saving opportunities through proper cost basis accounting.
FAQ: Australian Crypto Exchanges
Which crypto exchanges accept AUD?
Most major Australian exchanges accept AUD deposits including CoinSpot, Kraken, Coinbase, Swyftx, Coinstash, BTC Markets, Independent Reserve, CoinJar, and Digital Surge.
What if my bank blocks crypto transactions?
Some Australian banks restrict crypto purchases. If encountering issues, try alternative payment methods or consider using a different bank that supports crypto transactions.
Is Binance still available in Australia?
While Binance Australia remains operational, it no longer supports AUD bank transfers or many AUD trading pairs after losing banking support in 2023.
Which exchange has the lowest fees?
Binance, Coinjar, KuCoin, ByBit and CoinSpot offer some of the lowest spot trading fees at 0.10% for both makers and takers.
What's the safest crypto exchange in Australia?
All AUSTRAC-registered exchanges must meet certain security standards. Kraken and CoinSpot are particularly known for their strong security measures.
