This crypto investing guide will introduce you to the best crypto exchanges in Australia in 2023. We will tell you why they are the best places to buy crypto in Australia and analyze their core features.
We will also tell you what to look for when searching for the best crypto exchange in Australia and provide you with a step-by-step guide to buying cryptocurrencies via a reputable exchange.
Top 15 Best Crypto Exchanges Australia For 2023
After vetting hundreds of popular crypto exchanges, we settled on the following as the 15 best places to buy cryptocurrencies in Australia.
- eToro - Overall Best Crypto Exchange in Australia
- Coinbase – Best Crypto Exchange Australia for Beginners
- Binance - Most Liquid Bitcoin Exchange Platform in Australia
- Huobi - Leading Multi-Platform Crypto Exchange
- Kraken - One Most Secure Crypto Exchange in Australia
- BitFinex - Best Place to Buy Crypto with Credit Card Australia
- KuCoin - Crypto Exchange Australia for One-Click Crypto Buying Process
- Gemini - Best Licensed and Regulated Crypto Exchange in Australia
- Crypto.com - Best Crypto Exchange for High Staking Rewards
- MEXC - Best Crypto Exchange for Low Fees
- OKX - Buy Crypto with the Widest Range of Fiat
- BitStamp - Best Crypto Exchange Australia for Pro Traders
- Uniswap - Most Liquid Decentralized Exchange in Australia
- PancakeSwap - Popular DEX in Australia with Multiple Earning
- SushiSwap - Best Uniswap Alternative
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Get Started With The Best Crypto Trading Platform In Australia Today
If you want to get started with crypto trading exchange in Australia right away, here is a quick-start guide that explains how you can start investing in digital currencies through eToro exchange Australia - in 5 simple steps:
- Step 1: Open a crypto trader account - Open the official eToro Australia website, hit the “Join Now” icon, and complete the user registration form in the pop-up window.
- Step 2: Verify identity - In line with international KYC/AML regulations, eToro is required by law to verify your identity. Do this by providing the exchange with your government-issued identity document, e.g. passport or driver’s license.
- Step 3: Deposit funds - Once the account is approved, deposit some funds therein. Supported deposit methods include the rather slow bank transfers and instantaneous credit/debit cards or eWallets like PayPal.
- Step 4: Decide on a crypto coin - Decide on the coin you want to trade or invest in and confirm that it is supported on the platform.
- Step 5: Buy crypto - Click on the Trade button against the preferred coin, specify how much of the coin you wish to buy, and click “Open Trade” to complete the purchase.
That’s all. That’s how you begin your crypto trading andinvesting journey through Australia’s top crypto exchange - eToro.
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Below, we will take an in-depth look at the above-listed crypto exchanges. We will tell you what makes them stand out and why you, too, should consider buying or trading crypto on either exchange.
Most Popular Crypto Exchanges In Australia - Full Reviews
When vetting these online crypto trading platforms, we examined such factors as their user-friendliness, regulation, and reputation. We also checked the number of supported crypto assets, fees, level of customer support, and supported deposit/withdrawal options.
Here is an overview of what many in the crypto investing community consider the top crypto trading platforms in Australia in 2023.
eToro - Overall Best Crypto Exchange in Australia
Started in 2007, eToro is one of the oldest multi-asset trading platforms operating in Australia. It is also one of the few crypto exchanges that have sought licensing and regulation from the ASIC. Throughout this time, eToro has proved its reliability through minimal downtime and above-par customer support, positioning it as one of the most online trading platforms.
These, however, aren't the only reasons why we consider eToro the best crypto exchange in Australia in 2023. It also makes it here because of its user-friendliness, affordability, and the fact that it grants investors access to a range of crypto assets. For starters, eToro maintains a quick and straightforward client onboarding process. You are then ushered into a highly intuitive trading interface with an equally straightforward crypto buying/selling process.
You only need to deposit a minimum of $50 to start buying cryptocurrencies on eToro Australia. And the exchange maintains a fixed transition fee of 1% of the trade amount for all crypto transitions.
Other factors that make eToro one of the best places to buy cryptos in Australia include the range of supported assets and crypto buying options. Here, you can buy all the most popular digital currencies - from Bitcoin to Ripple. You also get to interact with a variety of payment options, including bank deposits, bank cards, and eWallets. You even get to buy Bitcoin with PayPal on eToro.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 75+ | 0% commission + spread | 0.75% | $50 |
What we like:
- ✅ Get to buy crypto with PayPal or equally convenient options such as Skrill and debit or credit cards.
- ✅ Free wallet - both custodial and non-custodial
- ✅ Customer deposits insured for up to $1 Million
- ✅ Multi-device trading platform – desktop and mobile app
- ✅ Multi-regulated crypto trading platform
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Coinbase – Best Crypto Exchange Australia for Beginners
Set up in 2012, Coinbase is one of the oldest crypto-only exchanges. It is also one of the most reputable crypto exchanges famed for its reliability and customer service. These notwithstanding, Coinbase ranks this high in our list of the best crypto exchanges Australia because of its beginner friendliness.
Coinbase, for starters, has one of the most straightforward client onboarding processes – with the entire journey, from account creation to buying crypto, taking minutes. It has an extremely beginner-friendly crypto trading interface as well. This is highly navigable, has all the key features clearly displayed, and maintains some of the fastest transaction execution speeds.
We especially liked that Coinbase supports 100+ cryptocurrencies and hundreds more crypto trading pairs. Not forgetting that you can buy most of these with either other cryptos or fiat using virtually all the popular payment options –from bank transfers, credit cards, debit cards, and eWallets. You even get to buy crypto with PayPal on Coinbase.
Further, Coinbase runs several projects that let you earn free crypto. First is the comprehensive Coinbase Learn platform that not only teaches you everything you need to know about crypto but also rewards learners with free crypto. You also get crypto when you stake the crypto you own via Coinbase.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 200+ | Progressive maker/taker fees | Volume based + spread | None |
What we like:
- ✅ One of the most liquid crypto exchanges in Australia
- ✅ Coinbase and Coinbase Pro available to novice and expert traders – respectively
- ✅ Highly secure crypto trading platform with multi-factor authentication
- ✅ Free custodial wallet that keeps 98% of client assets offline
- ✅ Great educational content
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Binance - Most Liquid Bitcoin Exchange Platform in Australia
Binance is the largest and most liquid crypto exchange in the world today. It also overtook Coinbase recently as the crypto platform with the most Bitcoin reserves. This has made the Changpeng Zhao-led exchange a preferred destination for Bitcoin traders – especially the high rollers. In early 2022, Binance introduced the zero-fee program for Bitcoin trading (BTC/TUSD) pair on its platform. This, on the other hand, has drawn in retail Bitcoin traders to the platform.
The deep liquidity for Bitcoin and the most popular digital currencies informed our decision to feature Binance in our list of the best crypto exchanges Australia in 2023.
But five other key factors also help it rank this high in this list. First is the heavily discounted crypto trading fees for crypto traders on this platform. Binance maintains some of the most competitive maker/taker fees. This starts from 0.1% and drops to 0.015% – based on monthly transaction volumes. And if you pay for the transaction fee using Binance, you qualify for 25% off spot trading fees.
Secondly, we liked the ‘Binance Earn’ program that makes it possible for anyone to earn passively on the platform. These include the auto-invest option, Binance save, Binance staking, mining pools, and more. Third is the comprehensive Binance learn program that seeks to make Binance one of the most beginner-friendly crypto exchanges. It teaches users everything they need to know about investing in crypto and even offers step-by-step guides to buying Bitcoin and other virtual assets.
You will also like investing in crypto via Binace because of its all-popular Binance peer2peer program. This makes it possible for Binance users to buy virtually all the most popular cryptocurrencies with 700+ payment options – including all the local payment options available to Australians, like POLi payments. Lastly, we like that, in addition to cryptocurrencies, Binance has integrated an extensive and deeply liquid NFT marketplace.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 600+ | Progressive maker/taker fees | 0% | None |
What we like:
- ✅ Maintains one of the most accessible and highly responsive customer support team
- ✅ Get to interact with the widest range of cryptocurrencies and crypto trading pairs
- ✅ Most competitive cryptocurrency trading fees
- ✅ Wide range of passive income-generating programs
- ✅ Free wallet – both custodial and non-custodial
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Huobi - Leading Multi-Platform Crypto Exchange
Multiple factors informed our decision to feature Huobi in our list of the most popular crypto exchanges Australia. Towering them is the multi-platform nature of this highly reputable crypto platform. You can buy and sell cryptos on Huobi via the desktop and mobile apps (both iOS and Android). They all are feature-rich, with the apps replicating virtually all the features of the Huobi Website.
We also list it here because it hosts a wide range of cryptos – more than 500 – and an even wider range of crypto-to-crypto and crypto-to-fiat trading pairs. And it charges highly competitive trading fees when you buy or sell from the exchange. The maker/taker fees start from 0.2%, drop to 0.015%, and can also be negotiated (for high-volume traders).
Other features that may draw you to Huobi Australia include the fact that it lets you deposit fiat into your trader account using all the popular payment options. It also has the copy trading feature that novice investors can use to begin earning from crypto investing even as they learn how to trade. Plus, t also presents its users with free trading bots that can automatically invest/trade for you using highly reliable quant strategies.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 590+ | Progressive maker/taker fees | From 0.2% (Discounted by up to 65% for HT token holders) | $100 |
What we like:
- ✅ Beginner friendly with a rich resource of educational content
- ✅ Highly secure exchange – has never been hacked and has a 20,000 BTC security reserve
- ✅ Stake crypto and earn highly competitive interest – as high as 380% APY for BTC
- ✅ Borrow crypto loans to advance your trades
- ✅ Supports both crypto spot and derivatives trading
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Kraken - One Most Secure Crypto Exchange in Australia
Kraken is by far one of the most secure crypto trading platforms available in Australia today. This bold claim is backed by the fact the crypto exchange or its ultra-secure crypto vaults have never been hacked – even when it technically is the oldest exchange in this list – having been established in 2011. It also proved to be one of the best places to buy cryptocurrencies when it became the first crypto exchange to publicly share its proof of reserves audit with the public.
Security is, nevertheless only art of the reasons why we rank it this high in our list of the best crypto exchanges in Australia. It also makes it here because of its user-friendliness, convenience, and affordability. The exchange is, for example, available on the desktop browser as well as both Android and iOS apps. And you get to interact with more than 100 virtual assets and tens of fiat deposit/withdrawal options on either platform.
You will also appreciate Kraken’s deep liquidity. It even operates the Kraken Dark Pool for high-volume crypto investors. In addition to the dark pool, Kraken operates the normal trading platform as well as the Kraken PRO – dedicated to professional crypto traders/investors. On either platform, crypto spot and derivative trading fees are highly competitive.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 185+ | Progressive maker/taker fees | 1.5% with stablecoin and 0.95 with AUD | $10 |
What we like:
- ✅ In addition to spot, get to margin trade or even buy NFTs on the Kraken exchange
- ✅ Comprehensive trader education via Kraken learn
- ✅ Accessible and highly responsive customer support available 24/7
- ✅ Account management services available
- ✅ Trading platform integrates a wide range of analysis and research tools
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Coinspot – Longest Serving Australian Crypto Exchange
SushiSwap is one of the most reputable and longest-serving Australian crypto exchanges – founded in 2023. Throughout this time, it has welcomed aboard more than 2.5 million users. The majority of these were possibly drawn to Coinspot by its beginner friendliness, decent liquidity, excellent customer support services, and the intuitiveness of its browser-based and mobile app trading platforms.
They could also have been drawn in to the top crypto exchange Australia because of its commitment to security and safety of client funds and data. This is evidenced by the fact that throughout the decade the exchange has been in operation, it has never been hacked. It has also placed multiple safety measures around the exchange and encourages all its clients to enable two-factor authentication for their accounts.
You, too, would appreciate buying crypto on Coinspot because it not only supports a decent selection of virtual currencies but also maintains highly competitive transaction fees. These are as low as 0.1% for market and OTC trades and a fixed 1% for swaps. In addition to these, Coinspot lets you buy Bitcoin with fiat using such popular payment options as PayID and POLi. Not forgetting that the exchange will also provide you with a free non-custodial wallet.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 380+ | 0.1% | 0.1% | $1 |
What we like:
- ✅ Coinspot maintains an accessible and highly responsive support team available 24/7
- ✅ Coinspot’s user-friendly interface integrates advanced trading, analysis, and risk management fees
- ✅ In addition to crypto, you can trade NFTs on Coinspot
- ✅ Coinspot’s Bundles package lets you diversify your crypto investment easily
- ✅ You get a free and secure multi-coin wallet when you sign up
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
BitFinex - Best Place to Buy Crypto with Credit Card Australia
Bitfinex also makes it to our list of the best crypto exchange Australia because of the convenience with which you can buy crypto on the platform. It supports the most convenient payment options and will, for instance, let you buy Bitcoins with credit cards. Plus, it maintains a very easy and beginner-friendly crypto buying process.
We also appreciate that it is not only a multi-platform exchange but that it also has user-friendly trading interface. While buying and selling cryptos on this platform, you will have access to a highly navigable and customizable interface. You also have the option of first interacting with a demo account to familiarize yourself with the interface and trading at large.
Multiple other factors help BitFinex feature in our list of the best places to buy Bitcoin in Australia. These include the fact that it is deeply liquid, with crypto transactions in excess of $10 Billion traded on the exchange monthly. We also liked the fact that it offers both crypto lending and borrowing services, allows you to stake crypto on the platform, is highly secure, and provides users with both custodial and non-custodial digital wallet services.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 200+ | Progressive maker/taker fees | From 0.1% (volume based) | $25 |
What we like:
- ✅ Accessible and highly responsive customer support team available 24/7
- ✅ Straightforward client onboarding and crypto trading processes
- ✅ Margin and derivative trading supported
- ✅ Stake popular crypto and earn up to 8% APY
- ✅ Corporate and professional account options available for high-volume traders
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
KuCoin - Crypto Exchange Australia for One-Click Crypto Buying Process
KuCoin is an established and deeply liquid crypto trading platform that our analysts consider the best crypto exchange Australia in 2023. One of the many reasons why it makes it makes it here includes that it offers multiple crypto buying options.
You can buy Bitcoin and other crypto on KuCoin through a p2p platform, third-party platforms such as Simplex, or by simply converting one crypto to another at zero fees. We were, however, more drawn to KuCoin by its ‘Fast Trade’ option that lets you buy crypto in one click.
In addition to this convenience, the KuCoin exchange is rigged with several other attractive features that make it appealing to both beginner and expert crypto traders. For starters, you get to trade both crypto spot and derivatives on KuCoin. Plus, you can buy, sell, and swap NFTs via Windvane. Wonderland, on the other hand, lets you launch your own NFT projects.
Others include that KuCoin presents beginner traders with comprehensive educational resources at the ‘KuCoin Beginner Zone.’ Further, the crypto exchange presents its platform users with multiple avenues that allow for passive investing. These range from stalking, crypto lending and bowing, liquidity pools, and even bot trading.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 500+ | Progressive maker/taker (20% discount if you pay with KCC tokens) | Between 0.1% and0.0245 (volume based) | $10 |
What we like:
- ✅ KuCoin is highly affordable, with low deposit minimums and competitive transaction fees
- ✅ Buy crypto with one click
- ✅ Access a free wallet that integrates a wide Web3 ecosystem
- ✅ Supports multiple crypto buying options, including P2P and via third-party platforms
- ✅ KuCoin is a Multi-platform crypto exchange available via the web and mobile apps
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Gemini - Best Licensed and Regulated Crypto Exchange in Australia
Gemini is one of the most pro-regulation exchanges. It, therefore, features in our list of the best crypto exchanges Australia as one of the most licensed and regulated Bitcoin trading platforms. We also list it here because of its solid reputation for reliability and security. The crypto trading platform, for instance, allows all its platform users to enable two-factor authentication for log in and crypto transfers.
You might also appreciate that Gemini was the first crypto exchange and digital wallet custodian in the world to be SOC Type 1 and SOC Type-2 compliant.
Active traders may also be drawn to the Gemini crypto exchange because of the many active trade tools it has integrated into its platform. These include price alerts for all cryptocurrencies as well as the auto-invest feature.
You would like to buy crypto on Gemini because of the many payment options supported on the platform. These include bank transfer, debit card, credit card, Apple pay and Google pay. It is also of the few crypto exchanges in Australia that let you buy Bitcoin with PayPal.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 100+ | Progressive (volume based) | Between $1.50 and $4.50 for trades below $250 and 1.49% for trades above this amount | None |
What we like:
- ✅ Maintains an accessible and highly supportive customer support team
- ✅ Doesn’t charge crypto withdrawal fees for the first 10 crypto withdrawals of the month
- ✅ Access a free digital wallet that insures your crypto holdings
- ✅ Earn passively when you stake via the Gemini exchange
- ✅ Fast client onboarding process with a straightforward crypto buying process
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Crypto.com - Best Crypto Exchange for High Staking Rewards
Crypto.com is the best cryptocurrency in Australia for anyone looking to do more with their crypto than simply buy and hold. We especially liked its integration of DeFi wallet, credit, and crypto Earn solutions. Through the Crypto.com earn program, you get to stake different cryptos and earn up to 12.5% APY in interests.
Crypto.com credit, on the other hand, lets you borrow against crypto deposits while charging a competitive interest rate with an extended repayment period – over 12 years.
The DeFi wallet, on the other hand, provides you with ultra-safe crypto storage solutions for all the virtual assets supported on the platform. You get to borrow up to 50% of your collateral and pay back at an interest rate of 8% APY. The wallet also gives you access to the larger web3 ecosystem with more passive investing solutions – including liquidity pools.
But the crypto earning solutions provided by Crypto.com aren’t the only factors that informed our decision to feature eToro among the best places to buy Bitcoin in Australia. It also makes it here because it is a multi-platform exchange – available on both the desktop browser and a feature-rich mobile trading app.
You would also appreciate the customer friendliness of the crypto.com trading platforms. They all maintain a rather straightforward account creation processes. They also have oversimplified the process of buying crypto on their platforms. They allow you to buy crypto with fiat directly on the website using credit and debit cards and maintain some of the most competitive transition fees.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 200+ | Progressive maker/taker fee | Between 0.075% and 0% (zero maker fee and 12% discount on taker fee if you hold more than 50,000 CRO tokens | $1 |
What we like:
- ✅ Comprehensive crypto exchange supporting spot, derivatives, margin, and NFT trading
- ✅ Exchange appeals to both beginner and expert crypto traders
- ✅ Accessible and highly responsive customer support available 24/7
- ✅ Committed to the security of client funds and sensitive personal information
- ✅ Comprehensive crypto.com learn section that appeals to novice traders
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
MEXC - Best Crypto Exchange for Low Fees
MEXC makes it to our list of the best crypto exchange because it maintains some of the lowest fees for both crypto spot and futures trading. It, for example, is one of a handful of crypto exchanges in Australia to charge no maker fees. Taker fees, on the other hand, are heavily discounted at a maximum of 0.1% for spot and 0.02% for futures.
We also liked MEXC’s range and liquidity. For starters, the crypto trading platform supports one of the widest ranges of digital assets and an even wider range of crypto trading pairs. MEXC even operates a crypto Launchpad that anyone can use to create and successfully launch new tokens. Such a high number of cryptos has drawn millions of users to MEXC, effectively making it one of the most liquid crypto exchanges in Australia.
In addition to these, MEXC integrates numerous other features into its trading platform. These include multiple buy crypto and digital assets trading options. Here, you can buy Bitcoin with credit cards or debit cards, on their P2P platform, using MasterCard, and via bank transfer. You also get to trade crypto spot, margin trade digital assets, and trade crypto futures or ETFs.
Other factors that help MEXC stand out among the top crypto trading platforms Australia include that it maintains an accessible and highly responsive customer support team. Plus, it also appeals to both beginner and expert traders. It not only has a comprehensive MEXC Learn program on the platform but also integrates advanced crypto trading, analysis, and risk management tools.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 1000+ | Progressive taker fee | Maximum taker fees at 0.1% | $40 |
What we like:
- ✅ Invest and earn passive income via MEX staking and savings programs
- ✅ Holders of MX tokens receive airdrops for tokens launched on the MEXC Launchpad
- ✅ Beginner crypto traders may choose to use the demo account or copy trades of successful investors
- ✅ MEXC is committed to the security of client funds and sensitive personal information
- ✅ MEXC is a multiplatform exchange available on browser and mobile apps
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
OKX - Buy Crypto with the Widest Range of Fiat
OKX also makes the cut to our list of the best places to buy crypto in Australia. And it makes it here, first, because it provides you with one of the widest ranges of fiat to crypto payment options. At the time of writing, for instance, you can buy Bitcoin with PayPal, credit cards, Apple Pay, and more than 90 other fiat payment options.
We also liked its beginner-friendliness. This is evidenced by the fact that OKX has one of the easiest and most straightforward client onboarding processes. You are then ushered into a beginner-friendly crypto trading platform. This has all the important features like the buy crypto, trade, grow, learn, and wallet clearly displayed. The exchange has also oversimplified the crypto investing process.
Other factors that make OKX one of the most popular crypto exchanges in Australia include the fact that it is a multi-platform exchange. You can buy crypto on both the OKX website and on OKX mobile apps. It is also on our list because it presents all its platform users with multiple passive income opportunities – including savings, dual investments, staking, and flash deals. It even integrates the OKX Credit program that makes it possible for you to borrow and lend crypto.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 300+ | Progressive maker/taker fees | 0.1% | None |
What we like:
- ✅ OKX is beginner friendly – has a comprehensive Learn program and supports copy trading
- ✅ Committed to the security of client funds and has even published proof of reserves audit
- ✅ OKX presents all its platform users with a free and highly secure digital wallet
- ✅ OKX Jumpstart helps you identify new promising crypto projects before they explode
- ✅ Has a crypto market dedicated to pro crypto traders and institutional investors
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
BitStamp - Best Crypto Exchange Australia for Pro Traders
Founded in 2011, BitStamp is one of the oldest and most established crypto trading platforms in Australia. It’s a highly reputable crypto exchange in the country, famed for its responsive customer support, user friendly crypto trading interface, reliability, and security. But it makes it to our list of the best crypto exchanges Australia in 2023, primarily because of its PRO and institutional investors.
Several critical factors help it appeal to these pro investors – with the most obvious being deep liquidity. This is evidenced by the fact that BitStamp has been consistently ranked among the 10 most liquid crypto trading platforms in the world. It is a top choice for institutional traders because of the deeply liquid fiat-to-crypto market. It even offers BitStamp as a service (BAAS) tool to these institutional investors and also facilitates post-trade settlement.
Bitstamp also maintains one of the most user friendly crypto trading interfaces. This is also highly reliable, with record-high uptime and minimal to no downtime. The exchange users also have the option of using the browser-based or feature-rich BitStamp mobile app. And both have integrated a wide range of advanced analysis, market research, trade, and risk management tools. More importantly, BitStamp maintains some of the most competitive transaction fees.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 70+ | Progressive maker/taker fees | Maximum of 0.50% | None |
What we like:
- ✅ BitStamp maintains a highly responsive support team available online and over the phone 24/7
- ✅ You stake crypto on BitStamp and earn competitive interest
- ✅ The comprehensive BitStamp earn program makes the exchange appealing to beginner traders
- ✅ Trade on the go with the feature-rich BitStamp mobile app
- ✅ BitStamp maintains a straightforward client onboarding process and user friendly trading interface
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Uniswap - Most Liquid Decentralized Exchange in Australia
Uniswap is arguably the most popular decentralized exchange in the world today. It is also the largest DeFi platform, based on the total value locked on the three Uniswap versions. The Uniswap protocol is also one of the most liquid decentralized exchanges, having crossed processed more than $1.3 Trillion worth of crypto trades.
In addition to deep liquidity, four more factors help make Uniswap one of the best crypto exchanges in Australia. First is the fact that it makes it possible for virtually any crypto investor to earn passively by contributing liquidity to the exchange. You get to share the fees earned by the liquidity pool where you have staked your crypto.
Secondly, we list it here because it allows for anonymous crypto investing and trading. Unlike all the top crypto exchanges Australia that we have discussed so far, Uniswap doesn’t ask for your name or subject you to KYC checks. Additionally, Uniswap maintains some of the most competitive transaction processing fees. And lastly, Uniswap – as a DAO – allows you to contribute to its management by either voting on proposals or suggesting some.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 50+ | Liquidity pool based | From 0.01% to 1% | None |
What we like:
- ✅ Trade crypto anonymously – no identity verification or AML checks
- ✅ Buy or swap tokens at lightning-fast processing speeds
- ✅ Earn passively when you contribute liquidity to different pools
- ✅ Uniswap is beginner friendly, with easy onboarding and straightforward crypto buying processes
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
PancakeSwap - Popular DEX in Australia with Multiple Earning
PancakeSwap is to the Binance Smart Chain what Uniswap is to the Ethereum network. Like Uniswap, PancakeSwap uses the Automated Market Maker (AMM) order book model in place of the traditional and highly inefficient order book. We feature it among the best places to buy crypto in Australia because of such factors as its deep liquidity.
But this isn’t the only reason why our analysts believe you would enjoy interacting with the PancakeSwap. It makes it here because we feel you would probably like the many passive income-generating avenues it presents to all its users. While using PancakeSwap, you get to earn by contributing liquidity, crypto mining, yield farming, and even staking.
The massively popular decentralized exchange also gives you access to the larger DeFi ecosystem. Here, you are introduced to multiple crypto trading, swap, and staking platforms. You even get access to a token launchpad where you can create, popularize, and successfully launch your own tokens.
| Number Of Cryptos | Fees Structure | Bitcoin Buying Fee | Minimum Deposit |
|---|---|---|---|
| 100+ | 0.01% to 1% (liquidity pool based) | 0.25% | None |
What we like:
- ✅ PancakeSwap is compatible with such popular wallets as Trust and Metamask
- ✅ PancakeSwap is beginner friendly – with straightforward client onboarding and crypto trading/swapping/investing processes
- ✅ PancakeSwap maintains some of the most competitive translation processing fees
- ✅ Trade/swap/invest in tokens anonymously
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
The Best Crypto Exchanges Australia In 2023 Compared
The table below compares the 15 most popular crypto exchanges in Australia right now. We compare such features as the number of supported coins, trading fees, and digital assets storage options.
| Crypto Exchange | Number Of Cryptos | Transaction Fees | Bitcoin Buying Fee | Proprietary Wallet |
|---|---|---|---|---|
| eToro | 75+ | 1% | 1% | ✅ |
| Coinbase | 200+ | Progressive maker/taker fees | Volume based + spread | ✅ |
| Binance | 600+ | Progressive maker/taker fees | 0% | ✅ |
| Huobi | 590+ | Progressive maker/taker fees | Up to 0.2% | ✅ |
| Kraken | 185+ | Progressive maker/taker fees | 1.5% with stablecoin and 0.95 with AUD | ❌ |
| Coinspot | 380+ | 0.1% | 0.1% | ✅ |
| BitFinex | 200+ | Progressive maker/taker fee | Up to 0.1% | ✅ |
| KuCoin | 500+ | Progressive maker/taker fee | Between 0.1% and 0.025% | ✅ |
| Gemini | 100+ | Progressive maker/taker fee | Between $1.50 and $4.50 for trades below $250 and 1.49% for trades above this amount | ✅ |
| Crypto.com | 200+ | Progressive maker/taker fee | Between 0.075% and 0% (zero maker fee and 12% discount on taker fee if you hold more than 50,000 CRO tokens) | ✅ |
| MEXC | 1000+ | Progressive maker/taker fee | Up to 0.1% | ✅ |
| OKX | 300+ | Progressive maker/taker fee | 0.1% | ✅ |
| BitStamp | 70+ | Progressive maker/taker fee | Up to 0.50% | ✅ |
| Uniswap | 50+ | Liquidity pool based | 0.01% to 0.1% | ✅ |
| PancakeSwap | 100+ | 0.01% to 1% (liquidity pool based) | 0.25% | ✅ |
What Is A Crypto Exchange?
A crypto exchange refers to an online trading platform where you can buy, sell, and swap/convert digital currencies. These were initially designed to serve as intermediaries, sitting between buyers and sellers. But then they started offering such complementary services as crypto storage – on either custodial or non-custodial wallets, or both. Most have extended these to include such Decentralized Finance (DeFi) services as staking, mining, yield farming, saving, liquidity pooling and more. And all these are passive income generators.
How do they work?
Crypto exchanges could also be referred to as digital currency marketplaces. They provide buyers with a platform where they can avail their crypto for sale, and a trusted platform for sellers can invest in crypto. Both the buyer and sellers start by creating user accounts on a crypto exchange website. The seller deposits crypto they intend to sell into the exchange and opens a sell order.
The buyer then logs in to their trader account, identifies the crypto they wish to buy, and deposits money into the exchange (either fiat or another digital currency). They then open a buy order which is executed by the exchange b way of transferring the crypto to the buyer and the fiat currency to the seller.
For facilitating this transaction, the crypto exchange often charges the buyer or seller (or both) a small fee. In most exchanges, the charge is a small percentage of the trade amount – commonly referred to as the maker/taker fee.
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
How To Find The Best Crypto Exchange In Australia
There currently are hundreds of highly reputable crypto exchanges operating in Australia. Vetting them to find the crypto exchange that best appeals to your needs can, therefore, be quite overwhelming, especially for novice crypto investors.
To help you get started, though, our analysts outline below some of the factors you need to give maximal consideration to when looking for the best crypto exchange in Australia.
Reputation and regulation
Start by confirming the licensing and regulation status of your preferred crypto exchange. Secondly, confirm the crypto exchange’s reputation by going online reviews by their current and past platform users. Online trade using the most reputable exchange.
Number of crypto supported
You will also want to confirm the number of cryptocurrencies supported by your preferred crypto exchange. Additionally, confirm the number and liquidity of supported crypto trading pairs. Additionally, confirm the supported fiat currencies and the range of deposit/withdrawal methods.
Fees
Before registering a crypto trader account with an exchange, confirm all the charges levied by them and assess the impact these will have on the profitability of your trades. These include both trading fees like transaction costs and non-trading fees like deposit and withdrawal processing fees. Only register with a crypto exchange with the most affordable trading fees.
Wallet and security
Does your preferred exchange has a history of being hacked? How many times have they been hacked? What was the extent of the hack, and how did they respond to it? With research, you can accurately assess the exchange’s commitment to the security of client funds and data. It is also important that you also only register with crypto exchanges that provide users with free and ultra-secure wallets.
Tools and features
A good crypto trading platform should integrate adequate tools and resources into their crypto trading platform. Advanced trading, analysis, market research, and risk management tools come in handy for pro traders. How to guides, educational materials, demo accounts, and copy trader tools – on the other hand – help novice investors start their crypto trading/investing journey on the right foot.
User-friendliness
Your preferred crypto exchange should also be user-friendly. It should have a quick account creation process, maintain an intuitive trading interface, and also have a straightforward crypto buying and selling process.
Trading platforms
The best place to buy cryptocurrencies in Australia should also make it possible for you to buy, sell, and transfer crypto or simply monitor active trades on the move. It should have a mobile app. This app should also be feature-rich and integrate as many features of the browser-based trading platform as possible.
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
How To Buy Cryptos At A Crypto Exchange Australia – Step-by-Step Guide
Want to start buying cryptocurrencies in Australia right away? We recommend investing through the all-popular, low-cost, and highly reputable eToro crypto exchange. Follow this step-by-step crypto buying guide to get started.
Step 1: Open a crypto trader account
On your browser, open the official eToro website or download the official eToro mobile app. Tap the “Join Now” icon on either platform and complete the user registration form that pops up here. It will seek to capture basic personal data and inquire about the source of income and crypto trading experience.
Step 2: Verify identity
Since eToro is licensed and regulated by the ASIC, it is required by law to subject all its clients to KYC checks. In line with this, eToro will ask you to submit a copy of a government-issued identification document such as a passport or driver’s license.
Step 3: Fund the account
Log in to the approved crypto exchange account and hit the ‘Deposit Funds’ icon. A funding tab will pop up, listing all the deposit options available to you. Click on one and follow the prompts to deposit at least $10 into eToro.
Step 4: Identify crypto invest in
After the deposit reflects in your account, hit the ‘Discover’ icon on your user dashboard. This reveals all the financial instruments that can be traded on eToro. Choose cryptos, and from the list of supported virtual assets, identify the digital asset you wish to invest in.
Step 5: Buy crypto
Tap on the ‘BUY’ option against the cryptocurrency. Use the trading tab that pops up to customize this investment by indicating the number of cryptocurrencies you wish to buy or the amount of cash you wish to invest. Then hit the “Open Trade” button to execute the transaction.
Note: The purchased crypto will initially be deposited into the free custodial account provided by the crypto exchange. If you wish to transfer them to a third-party exchange or wallet, you will first need to download the eToro mobile wallet app and move them here. It is from here that these cryptos can be transferred outwards.
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Conclusion – Best Crypto Exchanges Australia
There goes the list of the best crypto exchanges in Australia. We told you why each of these qualify for the title of top crypto exchanges in Australia, looked at all their unique features in detail, looked at the number of cryptos each supports, and told you how much you need to start investing in crypto using either. We then went on to explain what a crypto exchange is, explain how they work, and outline the factors you need to pay the most attention to when looking for the best places to buy cryptocurrencies in Australia.
Overall, we believe eToro is the best crypto exchange in Australia, not just because it is registered and regulated by the Australian authorities but also because of its user-friendliness and support for social and copy-trading. We also appreciate its transparent fee structure, low transaction fees, and support for a wide range of payment methods.
Do you want to jump straight to investing in crypto today? Use the beginners guide to buying crypto that we have outlined above. It takes you through the crypto buying process on the all-popular eToro crypto trading platform.
eToro - The Best Platform To Buy Cryptocurrencies In Australia
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Read More:
FAQs Best Crypto Exchanges Australia
What is the best crypto exchange in Australia today?
We believe the best crypto exchange in Australia to be eToro. Some of the factors informing this decision include its beginner-friendliness, intuitive interface, range of supported crypto, and support for copy trading.
How do you start buying crypto in Australia today?
It is simple. Start by creating a crypto trading account with a popular crypto trading platform like eToro, fund this account, identify the crypto asset you wish to trade, hit the buy option, and customize this trade.
Is crypto trading legal in Australia?
Yes, crypto trading is legal in Australia though it remains largely unregulated. The ASIC doesn’t consider digital assets to be tradeable financially, which implies that most of the crypto trading exchanges operating in the country aren’t regulated.
Which is the most liquid crypto exchange in Australia?
Binance has to be the most liquid crypto exchange operating in Australia. It has some of the highest daily crypto transaction volumes – as evidenced by the fact that the CZ-led platform processed $15 Trillion worth of crypto in 2022 alone (globally).
What is the best crypto wallet in Australia?
We encourage our readers – especially long-term crypto hodlers to first invest in reliable hardware wallets. We ask that you avoid leaving your crypto in exchanges or hot wallets like mobile apps.