Best Crypto Exchanges in Australia 2023 We Tested 11 Platforms

Trades are quickly processed with liquidity from around the world and minimal slippage. Additionally, CoinJar OTC allows a minimum trade amount of $50,000, which is attractive to some users as other exchanges require $100,000 or more for OTC trades. CoinSpot fees are very competitive, as the platform charges zero fees for AUD deposits via POLi, PayID, and direct deposit (OSKO) and only a small fee of 0.9% for BPAY deposits. Withdrawals in AUD to Australian bank accounts are free of charge, and trading fees are the lowest among the best Australian OTC crypto brokers at only 0.1%.

Love Hate Inu is a block-chain based stake-to-vote and vote-to-earn ecosystem that offers security and transparency to its users. The platforms staking system will be supported by smart contracts to prevent issues such as manipulation, spam or double spending. When it is completed, yPredict will be a ground-breaking platform for traders and developers. Interested users can purchase YPRED tokens at an affordable price while the platform is still in the development stage to get a good return on their investment. Early investors can access the platform for a low price since platform subscriptions will be paid for using YPRED tokens.

Top Traded Assets on Swyftx

CoinJar Bundles allows you to choose a bundle of cryptocurrencies that you can regularly buy to get exposure to a number of different cryptos. In May 2019, when the platform was hacked successfully, Binance was able to reimburse the lost funds to its users by drawing out funds from SAFU. After landing on the platform, I realized that it supports a wide range of cryptos, from the most prominent ones like Bitcoin and Ethereum to some lesser-known altcoins.

CoinSpot and Swyftx are two Australian exchanges that offer 24/7 live chat support, which we find extremely useful. With more than 700+ coins, low trading fees of 0.1%, and plenty of markets, experienced traders will love KuCoin. Binance also offers a broader range of tools than other trading platforms as a specialized cryptocurrency trading platform. As a day trader, you will analyze patterns and spot trading opportunities with the help of several charting and analysis tools. Since these tools differ marginally for each asset class, using a crypto trading platform means that all tools will be tuned to cryptocurrencies.

Copy Trading

In other words, you only pay the spread, which is the difference between the ask and bid price of the crypto asset in question. Therefore, choosing a crypto trading platform for your needs can be a daunting process. Depending on your location, depositing funds with a debit card may be possible. In addition, direct debit card transactions include the trading commission since these are direct purchases. Coinmama will instantly send the digital currency when you enter your wallet address when making a purchase.

  • In May 2019, when the platform was hacked successfully, Binance was able to reimburse the lost funds to its users by drawing out funds from SAFU.
  • My view is that Coinbase is a great choice for crypto traders, especially beginners, due to its user-friendliness and easily navigable interface.
  • Opt for an exchange with a user-friendly interface, making it easy for beginners to navigate and execute trades.
  • The good thing about CRO is that you can stake it to reduce trading fees, earn rewards, and provide cash back on purchases via a Visa debit card.
  • Each candle represents the price movement of an asset over a previous period of time.
  • This works both ways as funds from a Binance wallet can be transferred to a bank account rapidly.

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. In fact, I’d say that Binance is the best crypto exchange for advanced traders. Definitely one of the best crypto margin trading platforms around – they even have a native token called BNB that traders can use to get a discount on the trading fees, i.e., cut them in half. SwyftX, a cryptocurrency exchange based in Brisbane, Australia, holds the fifth position in our ranking of top crypto platforms.

Mycelium Local Trader

In addition, payment methods via an Australian bank will not incur a charge. The exception is using BPAY or cash payments that have a deposit fee of 0.9% and 2.5% respectively which is very expensive. The availability of coins alone isn’t sufficient if there are no trades happening.

  • Once you upload your Australian ID – which is usually verified straight away, you only need to meet a minimum deposit of $100.
  • New users that sign up for an account with CoinSpot can get a free $10 bonus when using our CoinSpot referral link.
  • The exchange doesn’t facilitate trades between buyers and sellers but sells all supported cryptocurrencies from its own inventory.
  • In exchange, they receive carbon credits that are stored within the C+Charge app.
  • Local traders should do their own research and determine what exchange will suit their needs best, whether that is an Australian exchange or an exchange based overseas.

Companies buy carbon credits using the coin, generating demand for Ecoterra. Ecoterra is the new cryptocurrency on presale aimed at solving climate change issues using blockchain technology, carbon credits and ‘Recycle2Earn’. It is one of the most outstanding ways to earn free cryptocurrency while helping the environment. The innovation is such that it encourages recycling and living sustainably in a way that gives users incentives. – Best Crypto Exchange With Most Coins In Australia

Additionally, CoinJar is known for its secure custody, customer support, and customizable layouts and interfaces. 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.

  • Either way, the best online trading platforms Australia typically offer multiple asset classes.
  • Since it was established in 2018, Bybit is a relatively new trading platform.
  • There are hundreds of exchanges in the world but having personally tried each of these exchanges I can say these are the best for Australians based on a range of different factors.
  • Then, you will be asked to enter your trade details in a pop-up window in the next step.
  • What you will often find is that the best online brokers that don’t charge commission build all of their fees into the spread.
  • It can be used to facilitate transactions on various cryptocurrency exchanges and platforms, and it is also used as a means of payment for various goods and services.

This makes Swyftx perfect for beginners with limited experience in trading or cryptocurrency. Several providers had overly complex trading platforms, especially when placing orders. Don’t forget that you will be investing your money, so you’ll want to choose a crypto trading platform that makes the investment process seamless and easy. As a result, Americans can now use the eToro platform to safely and legally buy cryptocurrencies (but not to trade CFDs).

CoinJar: Oldest Australian exchange

Finally, don’t assume that an exchange is available in your country, or even state, just because you can access its website. Many state and federal governments are still figuring out how exactly they want to treat cryptocurrencies from a legal and tax standpoint. If you’re just getting started with cryptocurrency, look for an easy-to-use platform with plenty of educational resources to help you understand this complex, rapidly developing market. You can minimise your risk by spreading your crypto purchases across multiple exchanges.

  • There are many reasons you should consider first buying crypto, which is discussed in detail below.
  • Also, some crypto transactions may not involve exchanges at all, such as peer-to-peer transfers or transactions on decentralized platforms.
  • The Kraken Pro exchange provides you with access to leveraged margin trading markets where up to 5x leverage can be placed on orders.
  • Stock investments, for example, can lead to the creation of new shares.
  • For this reason, some traders prefer to use exchanges that do not require any KYC information.

You could end up buying at a higher price or selling at a lower price than you’d want. If you anticipate moving your crypto off of an exchange, you should choose a platform that allows a certain amount of fee-free withdrawals, like Gemini. The Australian exchanges on this list are both AUSTRAC & ASIC verified.

TradingView charts

We regularly update our top exchanges list to reflect the ever-changing crypto market. If you run into any issues then Kraken goes one step further than most other global exchanges by providing a chatbot that connects you with a real member of the customer service team. Other avenues of assistance include phone support or submitting a ticket. The interface is simple and basic which allows you to easily use cash to purchase crypto.

  • This novel crypto has been meticulously designed to reflect the excitement and enthusiasm that surrounded Bitcoin’s technology at its inception.
  • Bitcoin is know as the original cryptocurrency and currently has the largest market cap of any crypto token.
  • Binance is labeled as the biggest crypto exchange by influential crypto sites like Coinmarketcap and Coingecko, based on the platform’s trading volume, markets, and liquidity.
  • Kucoin was launched in 2017, making it one of the youngest crypto trading platforms on this list.
  • If you are new to crypto, you will feel very comfortable at Coinstash.

The end product is a very easy to use platform that translates into an enjoyable trading experience. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. Since the exchange’s inception in the Australian crypto market, Kraken has become a popular option due to instant deposits using OSKO and credit cards. Kraken offers a powerful trading platform for advanced users which includes trading tools and automated portfolio monitoring. This makes Kraken a great option for Aussie traders to visualize their overall crypto portfolio performance, and track and manage all cryptos in a single location.

Best Crypto to Buy in Australia – Beginner’s Guide

A crypto OTC trader needs to be able to quickly and automatically open and close multiple positions. While there’s not much need for close management, monitoring your portfolio is still important. This is where a mobile trading app comes in handy, as it allows you to keep an eye on your positions and trade on the manual go, even when you’re away from your computer. Additionally, many mobile apps come equipped with price alerts and push notification features that help you stay informed while on the move. Before using an over-the-counter (OTC) trading platform in Australia, it’s crucial to think about the types of assets it has.

  • In Australia, there are a variety of exchanges you could use but to help make your choice easier, here is a guide on what we think are the top 10 Bitcoin trading sites in Australia.
  • With BitFinex, you’ll have access to a broad range of trading options that are designed to meet the needs of advanced traders.
  • There is no clear-cut answer to this question, as different crypto exchanges may cater to different needs and preferences.
  • Kraken is one of the industry’s oldest crypto exchanges, founded in 2011 during crypto’s Paleolithic era.
  • The platform, launched in 2012, provides some of the best security controls in the industry.

For newer traders in Australia, the exchange provides a stable platform to invest in crypto with an easy onboarding process. Depending on the crypto trading pair, the platform works on a spread cost of 1% which is deducted from the trade at the opening of the position. For example, the cost to trade the Bitcoin/AUD pair will incur a spread cost of 1%.

eToro – Overall Best Australian Crypto Trading Platform

On very peak days, though, your chat will be replied to by email at a later point, and you can reply to their email through Live Chat if you like. Overall,’s support team is pretty responsive, depending on how busy they are. Another thing I liked about Swyftx is the transparent pricing system – the exchange has some of the most competitive fees in the industry. The trading fee is a nominal 0.6% and there are no fees on deposits and withdrawals. Compared to the industry average spread of 5.2%, Swyftx charges between 0.2% and 0.8%.

  • Selling Bitcoin back to AUD and withdrawing it is a process that is more streamlined than other platforms.
  • Cryptocurrency has had a dip lately, making it an excellent time for new crypto investors to enter the market.
  • KYC is also used to prevent money laundering and the use of crypto assets for illegal activities such as tax evasion.
  • CoinSpot is a popular and oldest crypto exchange in Australia since 2013.

However, the best feature by far is the CoinJar Card, a crypto debit card that can be used at online or in-store retailers that accept Mastercard. Not only are there no set up or annual fees, but the card can be entirely managed using the CoinJar mobile app. Spending your crypto will even generate CoinJar – reward points that you can redeem. Like Swyftx, CoinSpot offers a multi-token wallet where you can safely store you Bitcoin and other crypto. Additionally, you can earn crypto interest payments up to 78% APY on 21 digital currencies such s Polygon (MATIC), Ethereum (ETH) and Binance Coin (BNB).