Michelle Legge
By Michelle Legge • Head of Crypto Tax Education
Updated Jun 13, 2024
This article has been fact checked and reviewed as per our editorial policy.

Best Crypto Exchanges in Australia June 2024

Researching cryptocurrency exchange in Australia? Here are some of the best Australian crypto exchange options to explore in 2024.

How to pick the best crypto exchange in Australia

The best cryptocurrency exchange in Australia will have an excellent track record regarding security; for the most part, few have had significant issues regarding being hacked. The best crypto exchange is a personal choice, so you will need to research and make a decision that suits your needs. So, to help you protect your investment, the team at Koinly Australia has rounded up a list of some of the best Australian crypto exchange options in 2024. In doing this, we have looked at safety, the minimum deposit size, the diversity of coins, their key selling points, whether they have a mobile app, the number of users, and what makes them stand out.

Best crypto exchanges in Australia

ExchangeCryptocurrenciesTrading FeesDepositWithdrawalsPayment MethodsKYC?
Coinbase200+0% to 0.6% based on trading volumeFreeLimit dependent on payment methodPayID, debit card, bank transferYes
Swyftx320+0.6%FreeMax $100,000Bank transfer, card, PayID and POLiYes
CoinJar60+0% to 1%Free, minimum $10 Capped monthly on account levelPayID, Blueshyft, FPS, SEPA, FedwireYes
Independent Reserve30+0.5% to 0.02% based on trading volumeFree over $100Max $100,000EFT, PayID, Osko, SwiftYes
CoinSpot360+0.1% to 1%Free, minimum $1 Free, no maximumDebit/credit cards, POLi, PayIDYes
Crypto.com300+0% - 2.99% depending on transactionFree, minimum $20 AUDMaximum 10 BTC (or equivalent) dailyTransfer, Card, Crypto.com PayYes
Easy Crypto150+0.7% to 0.9% Free, minimum $50 Free, maximum $500,000Credit/debit card, bank transfer, POLi Pay Yes
BTC Markets 20+0.85% and 0.10% based on trading volume Free, minimum $1 Free, no maximumOkso, BPAYYes
Kraken190+0% - 0.16% makers, 0.10% - 0.26% takers Free, minimum $1 Capped daily on account levelCredit/debit card, Apple Pay, Google PayYes
Cointree280+0.25% to 0.9%Free, minimum $20Capped monthly on account level PayID, bank transfer, cash depositsYes
Coinstash1000+0.85%Free, capped on daily account levelLimit dependent on payment methodPayID, bank transferYes

Coinbase

Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader crypto-economy. Coinbase Australia is registered and enrolled with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

A banner with the Koinly and Coinbase logos inviting crypto investors to connect their Coinbase account with Koinly, a crypto tax software

Coinbase FAQs

Is Coinbase safe?
How many cryptocurrencies are on Coinbase?
Does Coinbase have a mobile app?
What fees does Coinbase charge?
Are there any deposit and withdrawal limits on Coinbase?
Does Coinbase have KYC?

Swyftx

Swyftx was founded in 2018 and has since become one of the best crypto exchanges Australia has to offer. Swyftx also services investors in NZ. Swyftx takes pride in its customer service, user-friendly interfaces, and educational content for beginners. They currently have more than 300,000 active users on the platform and are looking to expand their offering into the UK and Canada. Is Swyftx legitimate? Yes! They follow industry best practices and are registered with AUSTRAC.

Swyftx CTA

Swyftx FAQs

Is Swyftx safe?
How many cryptocurrencies are on Swyftx?
Does Swyftx have a mobile app?
What fees does Swyftx charge?
Are there any deposit and withdrawal limits on Swyftx?
Does Swyftx have KYC?

CoinJar

Is CoinJar available in Australia? Yes, they are! They launched in 2013  which makes them one of the longest-running crypto exchanges Australia has to offer. They currently have more than 600,000 users and offer more than 60 different cryptocurrencies to be traded.  They focus on the Australian and UK markets and are FCA registered. They also have a platform, CoinJar Exchange, for high-volume advanced traders that offers a little more control over their trades.

CoinJar CTA

CoinJar FAQs

Is CoinJar safe to use?
How many cryptocurrencies are on CoinJar?
Does CoinJar have a mobile app?
What fees will I pay on CoinJar?
Are there any deposit and withdrawal limits on CoinJar?
Does CoinJar have KYC?

Independent Reserve

Independent Reserve Australia was founded in 2013, which makes them one of the most established crypto exchanges in Australia. They have a global footprint, but primarily serve the AUS and NZ markets, and have more than 250,000 customers. Their crypto superannuation offering is another reason why Independent Reserve is on the best Australian crypto exchange list. They offer investments for Self-Managed Super Funds and boast advanced features including API, automated trading strategies and an OTC trading desk (a platform that deals with buyers and sellers directly).

Independent Reserve CTA

Independent Reserve FAQs

Is Independent Reserve safe?
How many cryptocurrencies are on Independent Reserve?
Does Independent Reserve have a mobile app?
What fees will I pay on Independent Reserve?
Are there any deposit and withdrawal limits on Independent Reserve?
Does Independent Reserve have KYC?

CoinSpot

CoinSpot was established in 2013 which makes them a well-established exchange in the market. They offer investors more than 360 coins to buy, sell and swap and currently have 2 million customers. Are CoinSpot fees high? No, they offer a simple fee structure that makes them one of the best Australian crypto exchanges.

CoinSpot CTA

CoinSpot FAQs

Is CoinSpot safe?
How many cryptocurrencies are on CoinSpot?
Does CoinSpot have a mobile app?
What fees will I pay on CoinSpot?
Are there any deposit and withdrawal limits on CoinSpot?
Does CoinSpot have KYC?

Crypto.com

Crypto.com is a well-established exchange that has been operating globally since 2018 and the exchange has since expanded its services to Australian investors, quickly gaining popularity and recognition. This highly compliant platform offers over 300 cryptocurrencies to buy, sell, and trade, along with NFTs, staking options, VISA cards, and a crypto options product. Security is a critical concern for any investor looking into the best crypto exchanges, and Crypto.com excels in this area. The platform implements stringent security measures, including screening all deposits for compliance, a dedicated team to monitor transactions, and multi-factor authentication (MFA) for accounts using passwords, biometrics, email, SMS, and OTP authentication.

A banner prompting investors to connect Crypto.com and koinly crypto tax calculator

Crypto.com FAQs

How many cryptocurrencies are on Crypto.com?
Does Crypto.com have a mobile app?
What fees will I pay on Crypto.com?
Are there any deposit and withdrawal limits on Crypto.com?
Does Crypto.com report to the ATO?

Easy Crypto

Easy Crypto is one of the more popular crypto exchanges that markets in Australia and New Zealand can access. They offer outstanding customer service and a 100% safety guarantee on deposits.  With more than 150 cryptocurrencies supported, alongside transparent and clear operations, they’ve managed to grow to over 100,000 users to date.

Easy Crypto CTA

Easy Crypto FAQs

Is Easy Crypto safe?
How many cryptocurrencies are on Easy Crypto?
Does Easy Crypto have a mobile app?
What fees will I pay on Easy Crypto?
Are there any deposit and withdrawal limits on Easy Crypto?
Does Easy Crypto have KYC?

BTC Markets

BTC Markets was founded in 2013 and has since grown to be one of the top crypto exchanges Australia has to offer. They boast more than 325,000 active users in Australia trading upwards of $21 billion since their launch. They're a partner for the Ripple On-Demand liquidity program, offer free AUD deposits and withdrawals, and industry-leading security protection.

BTC Markets CTA

BTC Markets FAQs

Is BTC Markets safe?
How many cryptocurrencies are on BTC Markets?
Does BTC Markets have a mobile app?
What are BTC Markets fees?
Are there any deposit and withdrawal limits on BTC Markets?
Does BTC Markets have KYC?

Kraken

Kraken was founded in 2011 and is one of the largest global exchanges - which happens to be popular with Australian investors too. Kraken is one of the top crypto exchanges, with more than 6 million active users, trading nearly 200 cryptocurrencies. Much of Kraken's popularity comes down to the transparent nature of the team running things behind the scenes - the CEO himself is a firm believer in the not your keys, not your crypto mantra and encourages self-custody when you're not actively trading.

A banner with the Koinly and Kraken logos inviting crypto investors to connect their Kraken account with Koinly, a crypto tax software

Kraken FAQs

Is Kraken secure?
How many cryptocurrencies are on Kraken?
Does Kraken have a mobile app?
What fees will I pay on Kraken?
Are there any deposit and withdrawal limits on Kraken?
Does Kraken have KYC?

Cointree

Cointree was founded in 2013 in Melbourne and currently has more than 80,000 registered users. They have become one of, if not the, top crypto exchanges Australia has for beginners thanks to their user-friendly interface and relatively low fees.

Cointree CTA

Cointree FAQs

Is Cointree safe?
How many cryptocurrencies are on Cointree?
Does Cointree have a mobile app?
What fees will I pay on Cointree?
Are there any deposit and withdrawal limits on Cointree?
Does Cointree have KYC?

Coinstash

Coinstash is an Australian exchange that allows investors to buy, sell, and trade crypto. As well as this, Coinstash offers some unique products for Australian investors including crypto bundles to diversify your portfolio and an earn program that lets you earn up to 24.48% PA in returns.

CTA Coinstash

Coinstash FAQs

Is Coinstash safe?
How many cryptocurrencies are on Coinstash?
Does Coinstash have a mobile app?
What fees will I pay on Coinstash?
Are there any deposit and withdrawal limits on Coinstash?
Does Coinstash have KYC?

How we picked the best Australian crypto exchanges

When picking a cryptocurrency exchange, several criteria are important to consider. Here are some key factors to evaluate:

  • Security: The security of your crypto should be your top priority, so we've picked only the best crypto exchanges in Australia that utilise robust security protocols like 2FA, encryption, cold storage for funds, and regular security audits.

  • Reputation: Sadly, there are still many dodgy projects and platforms in the crypto industry - so we've carefully checked each exchange's reputation and track record in the crypto community to help us pick the best crypto trading platforms in Australia.

  • Available cryptocurrencies: It should go without saying you need a crypto exchange that actually sells the crypto you want to invest in. Fortunately, all our picks for the best crypto exchanges in Australia offer a wide variety of cryptocurrencies, from popular market leaders like BTC and ETH to lesser-known tokens.

  • Liquidity: We all know too well what happens when a crypto exchange faces a liquidity crisis after the FTX collapse. Crypto exchanges with higher liquidity not only protect you from potential bank runs but also help you execute trades faster and at more competitive prices.

  • User Interface: From novice to pro, there's a crypto exchange to suit every experience level - and a beautiful interface to help you navigate through new transactions or investments. As well as this, we've also checked which crypto exchanges have mobile app options for Android and iOS, so you can trade on the go.

  • Fees: All crypto exchanges charge fees, but those fees can vary substantially. We've compared fee structures between the best crypto exchanges in Australia to help you find the perfect balance between affordability and the services provided.

FAQs

More questions? We got you.

What's the best crypto trading app in Australia?

Most Australian crypto exchanges offer a mobile app for both Android and Apple users, including CoinSpot, Swyftx, CoinJar, and Independent Reserve. All these apps are free to download and try, so the best crypto trading app will depend on the app you prefer!

What's the best crypto to consider?

Some of the top-performing cryptocurrencies in Australia currently include:

As always, past performance is not indicative of future results and you should always DYOR before investing in any cryptocurrency to understand the risks involved.

A banner with the Australian flag inviting crypto investors to get their Australia crypto tax report from Koinly, a crypto tax software

Disclaimer
The information on this website is for general information only. It should not be taken as constituting professional advice from Koinly. Koinly is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. Koinly is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.
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