With hundreds of crypto exchanges in 2025, choosing the right one can be overwhelming. I’ve done the research to bring you the top three in Australia, plus more options below.
✔️ Best for frequent traders, with rapid trade speed and 280 cryptocurrencies
✔️ Low fees - spot trading: 0.1%, derivatives trading: 0.02% (maker), 0.055% (taker)
✔️ Margin trading with up to 100x leverage
✔️ FREE $10 BTC when you sign up here and deposit at least $100
✔️ Most secure and trusted crypto exchange, est. 2013
✔️ Largest crypto exchange in Australia, with 2.5 million customers
✔️ 530+ cryptocurrencies to buy, sell and trade
✔️ $20 FREE BTC when you sign up here
✔️ Highly trusted - 4.7/5 on TrustPilot, ISO 27001 certification and partnership with TRM Labs
✔️ Best educational exchange - Learn & Earn and unique demo mode
✔️ Aussie SMSF crypto leaders, with set up in under 24 hours
✔️ Generous welcome offer, FREE $20 BTC when you sign up here
The crypto market has just reached another All Time High in 2025. Prices are climbing, enthusiasm is surging, and it feels like the start of another bull run. If you’ve been waiting for the right moment to jump in, now might be it.
But here’s the thing—before you even think about buying crypto, you need to figure out which exchange to use. And that’s where things can get tricky. There are tons of platforms out there, all claiming to have the lowest fees, best security, and most coins. But not all of them are worth your time.
I’ve spent hours testing different exchanges in Australia—signing up, making deposits, placing trades, and even reaching out to customer support (sometimes just to see how long they take to respond). Based on my experience, here’s everything you need to know to pick the right exchange.
Best Crypto Exchanges in Australia: Updated July 2025
- Bybit Exchange - Best overall for Australians, low fees
- CoinSpot Exchange - Most trusted and secure in Australia
- Swyftx Exchange - Best educational exchange
- Digital Surge - Best for low spreads
- MEXC Trading Platform - Lowest trading fees (Zero fees)
- Binance Exchange - Best for serious traders
- KuCoin Trading Platform - Best for huge range of 700+ coins
- eToro Australia Broker - Best for copy trading
- CoinJar Exchange - Use CoinJar card to spend your crypto like cash
- Independent Reserve Exchange - Best for crypto insurance
- Bitcoin.com.au - Best for new crypto users
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What is the best crypto exchange?
For me, Bybit takes the top spot. It’s got:
✔️ Super low trading fees (0.1% for spot trading, 0.02%/0.055% for derivatives)
✔️ Over 280+ cryptocurrencies to trade
✔️ Advanced features like margin trading, copy trading, and futures
✔️ 24/7 Live Chat support (which actually responds quickly)
✔️ An easy-to-use interface that works for both beginners and experienced traders
The one downside? You can’t deposit or withdraw AUD directly. This isn’t a dealbreaker (you can buy crypto with Visa/Mastercard, PayID, Apple Pay, etc.), but if you need an exchange that lets you cash out directly to your bank account, this might not be ideal for you.
That said, if you’re serious about trading—or just want a platform with low fees and great liquidity—Bybit is a solid choice. Also, if you use this link, you’ll get $10 in FREE BTC when you deposit at least $100.
Best Australian Cryptocurrency Exchanges of 2025
#1. Bybit - Best overall in Australia, low fees, best for frequent traders
SUMMARY
Bybit is the best choice for frequent traders, with extremely low fees, wide range of coins, and plenty of trading markets.
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If you’re planning to trade regularly—especially if you’re into futures, leverage, or high-speed trading—Bybit is hands down one of the best platforms out there. It’s been around since 2018 and has over 50 million users, so it’s not some sketchy new exchange that might disappear overnight. The trading volume is massive (over $60 billion daily), and the platform runs like a well-oiled machine—99.99% uptime and ultra-fast trade execution (100,000 transactions per second). Basically, you won’t have to worry about lag screwing up your trades.
Bybit is ideal for people who want more than just basic spot trading. You get access to a ton of markets, including perpetual contracts and futures, with fees that are ridiculously low compared to most Aussie exchanges—0.02% for makers and 0.055% for takers on derivatives, and 0.1% for spot trading. They also offer margin trading with up to 100x leverage. (But fair warning: leverage is a double-edged sword. You can make big gains, but you can also wipe out your balance if you’re not careful.)
One thing I really like is their demo trading feature. It’s perfect for testing strategies without risking real money. Plus, their 24/7 live chat support is actually decent, which is rare for crypto exchanges. If you’re serious about trading, Bybit is worth looking into. And if you sign up with this link, you’ll get $10 in FREE Bitcoin when you deposit at least $100.
Related articles: Best margin trading exchanges, Best copy trading platforms, Bybit referral code, Bybit vs Margex, Bybit vs KuCoin, Bybit vs Binance, Bybit vs Bitget, Bybit vs FTX, Best no KYC crypto exchanges, Best crypto trading bots, Bybit vs Phemex, Bybit vs Binance, Best anonymous crypto exchanges
Reviews from other users
Overall Feedback: Excellent
It’s a decent exchange overall, not too flashy. I use it mainly for simple trades, nothing fancy. Would be nice if they added more niche coins though.
Bybit’s been reliable every time I’ve used it. It’s not overloaded with unnecessary stuff, just solid tools and a good layout. It’s my go-to for futures now.
Love the testnet feature on Bybit, was able to practice trading before risking anything real. For a beginner like me, that’s huge. UI is clean and the tutorials helped a lot.
Switched from Binance after their support ghosted me—Bybit’s been awesome so far. I actually got a human to reply to my ticket in under 12 hours, lol. Fees are fair and it feels way more transparent.
Top tier platform imo. Security features like 2FA are tight, and withdrawals always process in under 30 mins for me. I mostly trade altcoins and Bybit’s got a decent range, not the widest but still covers what I need.
Been staking on bybit for a while now and I’m loving the returns. They also got this copy trading thing which helped me learn a lot. Wish I joined sooner tbh.
big fan of how fast trades execute on bybit, haven’t had any slippage issues so far. margin trading options are solid and the risk tools help a lot when things get dicey. been using it daily and haven’t thought about switching
The platform works fine, no major issues, but I wouldn’t say it stands out too much either. It does what it’s supposed to—deposits, trades, and withdrawals all function okay. Just feels a bit more geared toward experienced traders, not super beginner-friendly.
Bybit has one of the best user interfaces out there, feels slick and professional but still easy for casual users. Customer service was actually helpful when I had an issue with a deposit not showing up. Also love the bonuses they drop now and then.
Really like using Bybit, especially for futures trading—super smooth and no annoying lag during peak hours. The mobile app’s clean and actually makes sense unlike some other platforms I’ve tried. Plus, the fees are pretty reasonable for the features you get.
Leave your own review
#2. CoinSpot Exchange - Most trusted and secure platform
SUMMARY
CoinSpot is the most secure exchange in Australia, established in 2013, and trusted by over 2.5 million users. With more than 530+ coins available, you won't need to look elsewhere.
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If you’re new to crypto and want something super easy to use, CoinSpot is a great pick. It’s been around since 2013, making it one of the oldest and most trusted Aussie exchanges. It’s registered with ASIC, follows all AUSTRAC regulations, and is a certified member of Blockchain Australia—so if security and legitimacy are your top priorities, this is a safe bet.
The user interface is clean and beginner-friendly, whether you’re on the desktop site or using their mobile app. Plus, they have 24/7 live chat support and a solid help center full of articles that actually make sense. (They even won an award for best customer support, which isn’t surprising.)
The biggest reason people love CoinSpot? The huge selection of coins—over 530, including a bunch of altcoins that other Aussie exchanges don’t have. They also offer a CoinSpot Mastercard, which lets you spend your crypto anywhere Mastercard is accepted, including in-store and online. The only downside is that instant buy fees are 1%, which is higher than some competitors. But if you use market orders, it’s just 0.1%, which is much better. If you’re keen to check it out, you can sign up here and grab $20 in FREE Bitcoin.
Related articles: CoinSpot vs Swyftx, CoinSpot vs Independent Reserve, CoinSpot vs Binance, CoinSpot vs Coinbase, CoinSpot vs Digital Surge, How to stake crypto on CoinSpot, CoinSpot referral code
Reviews from other users
Overall Feedback: Excellent
I like the added security layers they’ve got. 2FA and confirmations keep me feeling safe about leaving some funds on there.
Transfers in and out of my bank have been seamless. I usually get my fiat back within the same day.
CoinSpot’s good but the 1% fee on instant trades is a bit much. I use market trades now to save on that, but it’s not as quick.
Love how many coins are available here. Even smaller tokens I couldn’t find on binance are listed
Whenever I contacted support they were quick and actually helpful. That’s rare with crypto platforms tbh.
Staking on CoinSpot has been great for earning a little extra. I’ve been compounding ADA for a while and it’s smooth.
Super clean interface and perfect for beginners. I got my dad using it and he picked it up without needing any help lol.
Verified and funded my account in less than 5 minutes. That’s faster than most exchanges I’ve tried before.
I like that it's Aussie-based, makes me feel more secure. Local support and AUD trading pairs are a huge plus.
Coinspot has been the easiest crypto app I’ve ever used. Everything from buying to withdrawing to my bank just works.
Leave your own review
#3. Swyftx Exchange - Best educational exchange
SUMMARY
Swyftx is one of the best crypto exchanges, with a demo mode, low spreads, and more than 422 coins to buy, sell and trade.
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Swyftx is another solid option, especially if you’re just getting into crypto and want to learn the ropes. It’s super beginner-friendly, but it also has a few cool features that even more experienced traders can appreciate.
One of the best things about Swyftx is the Demo mode. It lets you trade with $10,000 in virtual money, using real-time market prices, so you can practice without any risk. They also have “Learn & Earn” courses where you can earn free crypto just for completing short lessons. Plus, they’ve partnered with educational platforms like CollectiveShift and even crypto YouTuber Jason Pizzino, so if you’re someone who likes to learn as you go, this is a great platform.
Fees are decent too—0.6% trading fees, and free deposits and withdrawals in AUD. In my comparative analysis of spreads across various Australian crypto exchanges, Swyftx consistently ranked among the lowest. The only downside? It doesn’t offer staking, futures or margin trading, so if you’re planning to go deep into trading, you might outgrow it eventually. But for beginners, Swyftx is a fantastic starting point. For those who are more serious about crypto trading, a trading platform like Bybit or MEXC would be a better fit.
Related articles: Swyftx vs Coinspot, Swyftx vs Binance, Swyftx vs Digital Surge, Swyftx vs Coinbase, Swyftx vs Independent Reserve, How to stake crypto on Swyftx, Swyftx referral code
Reviews from other users
Overall Feedback: Excellent
Leave your own review
#4. Digital Surge - Best for Low Spreads
SUMMARY
Digital Surge is an Australian crypto exchange with 400+ coins, low fees of 0.5%, and extremely tight spreads, according to this independent test.
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Digital Surge flies a bit under the radar, but it’s actually one of the best options if you’re looking for low fees and a simple, easy-to-use platform. The interface is clean and intuitive, and they have 24/7 live chat support, which is always a plus.
What makes Digital Surge stand out is its competitive fees and tight spreads. Trading fees start at 0.5%, but they get lower as your trading volume increases. I actually did a comparison against CoinSpot, Swyftx, and Crypto.com, and Digital Surge consistently had the best rates in terms of spreads and fees.
That said, it’s more suited for casual traders. It doesn’t offer staking, margin trading, or trading bots, so if you’re looking for those advanced features, you might be better off with Bybit or MEXC. But if you just want an affordable and easy way to buy and sell crypto, it’s a great choice. You can also get $10 in FREE BTC when you sign up here.
Related articles: Digital Surge vs Coinspot, Digital Surge vs Swyftx, How to stake crypto on Digital Surge, Digital Surge referral code
Reviews from other users
Overall Feedback: Excellent
Leave your own review
#5. MEXC Trading Platform - Lowest Trading Fees (0% Spot Trading)
SUMMARY
MEXC is the best option for advanced cryptocurrency traders who value low fees, deep liquidity and a massive range of trading pairs. With more than 2,960 coins and 2,700+ pairs, you are bound to find a market suited for you.
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MEXC is an underrated gem if you’re after insanely low fees and deep liquidity. It has over 3,100 trading pairs, which is wild, and the best part? Spot trading is completely free for makers and only 0.05% for takers. Futures trading is only 0.01% for makers, and takers only pay 0.04%, which is ridiculously low.
Liquidity is also a huge factor for traders, and MEXC smashes the competition here. Compared to major platforms like Bybit, Binance, KuCoin, and Huobi, MEXC consistently ranks higher in liquidity, meaning you can trade large amounts of crypto without major price fluctuations.
They also offer free trading bots, copy trading, and margin trading with up to 200x leverage. If you’re new to trading, I even put together a free crypto trading course that walks you through how to use MEXC with real screenshots. If you want to give it a shot, sign up using this link and get $30 in FREE USDT.
Related articles: MEXC referral code, Best margin trading platforms in Australia, Best crypto trading bots, Best copy trading platforms
Reviews from other users
Overall Feedback: Excellent
Leave your own review
#6. Binance Exchange - Best for serious traders
SUMMARY
Binance is a massive crypto exchange with the largest trading volume in the world. With low fees, more than 600+ coins, and additional features, it is very popular with serious crypto traders.
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Binance is basically the king of crypto exchanges—it’s the biggest in the world by trading volume, and there’s a reason so many people use it. You get access to a massive range of coins (we’re talking 600+), super low trading fees (as low as 0% for BTC and BUSD trades, and 0.1% for everything else), and advanced features like trading bots, an NFT marketplace, and P2P trading.
Now, I’ll be real with you—Binance is not the most beginner-friendly platform. If you’ve never used a crypto exchange before, all the charts, order books, and technical indicators might feel overwhelming at first. But if you’re serious about trading, it’s absolutely worth learning. Binance even has a 24/7 customer support team focused on the Australian market, so if you ever get stuck, there’s help available.
One of the best things about Binance is the discounts. If you hold Binance Coin (BNB), you get an instant 25% discount on trading fees. And if you sign up with this link, you can get up to $100 in cashback vouchers depending on your trading volume in your first week. If you’re looking for a powerful, low-cost trading platform, Binance is hard to beat.
Related articles: Swyftx vs Binance, CoinSpot vs Binance, Binance vs KuCoin, Binance vs Bybit
Reviews from other users
Overall Feedback: Excellent
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#7. KuCoin Trading Platform - Best for huge range of 700+ coins
SUMMARY
KuCoin is an advanced crypto trading platform. With more than 700+ coins, low trading fees of 0.1%, and plenty of markets, experienced traders will love KuCoin.
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KuCoin is another big-name exchange, with over 30 million users worldwide. It’s super popular because it offers tons of features that advanced traders love—low 0.1% trading fees, margin trading, futures trading, and a massive range of altcoins that aren’t available on a lot of other exchanges.
One of the coolest things about KuCoin is that it has FREE trading bots built into the platform. If you’re into automated trading, this is a huge deal because most good trading bots cost money. The bots you get on KuCoin include Spot Grid, Futures Grid, Smart Rebalance, DCA (dollar-cost averaging), and Infinity Grid. Whether you want to trade without emotion, take advantage of market volatility, or just set it and forget it, these bots can do the heavy lifting for you.
Besides trading, KuCoin also has crypto lending, crypto borrowing, an NFT marketplace, and even staking options. If you’re looking for a feature-packed platform with low fees and automation tools, KuCoin is definitely worth considering.
Related articles: KuCoin vs Binance, KuCoin vs Kraken, KuCoin vs CoinSpot, KuCoin vs Bybit, How to withdraw from KuCoin, How to sell on KuCoin, How to transfer from Coinbase to KuCoin
Reviews from other users
Overall Feedback: Excellent
Leave your own review
#8. eToro Australia Broker - Best for copy trading
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
SUMMARY
eToro Australia allows users to invest in cryptocurrencies and stocks. There is a strong focus on social trading, where you can interact with other investors and even copy successful traders.
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eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
If you like the idea of copying the trades of successful investors, eToro is the exchange for you. It’s not just a crypto platform—it’s more like a social trading network, where you can interact with other users, post updates, and follow top traders to see what they’re investing in. If you don’t have time to analyze markets yourself, you can automatically copy the exact trades of experienced investors with just a few clicks.
eToro isn’t a dedicated crypto exchange, though—it’s more of a multi-asset brokerage. Besides crypto, you can also trade global stocks, commodities, and forex, which is great if you want to diversify your investments. They even have a demo account that gives you $100,000 in virtual money to practice trading before using real funds.
One downside is that eToro operates in USD, so you’ll need to pay currency conversion fees when you deposit and withdraw AUD. But if you’re looking for an easy way to invest in crypto and stocks while taking advantage of copy trading, eToro is a solid choice.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Related articles: eToro vs CoinSpot, eToro vs Swyftx
Reviews from other users
Overall Feedback: Excellent
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#9. CoinJar Exchange - Use CoinJar card to spend your crypto like cash
SUMMARY
CoinJar is one of the longest-running crypto exchanges in Australia, established in 2013. Its unique CoinJar card lets you spend your crypto like cash.
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CoinJar is one of the longest-running crypto exchanges in Australia, and it has built a solid reputation for being simple and reliable. It doesn’t have as many features as some of the bigger exchanges, but if you just want an easy place to buy, sell, and store your crypto, it gets the job done.
The standout feature is the CoinJar Mastercard, which works like a crypto debit card. You can load it up with any cryptocurrency from your CoinJar account and spend it anywhere that accepts Mastercard—both in-store and online. The best part? There are no monthly fees, and you actually earn CoinJar Rewards every time you use the card. You can even add it to Google Pay or Apple Pay, so you don’t have to carry a physical card.
CoinJar also supports a decent range of payment methods, including Visa/MasterCard, NPP, and Blueshyft, which aren’t available on every exchange. The only downside? The coin selection is a bit limited compared to other platforms, as it only has 60+ cryptocurrencies. But if you’re looking for a straightforward exchange with a great crypto card, CoinJar is worth checking out.
Reviews from other users
Overall Feedback: Excellent
Leave your own review
#10. Independent Reserve Exchange - Best for crypto insurance
SUMMARY
Independent Reserve is a crypto exchange that focuses on security, with optional insurance cover on your cryptocurrencies. It is ideal for large-volume traders like SMSFs.
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If security is your top priority, Independent Reserve is one of the safest crypto exchanges in Australia. It’s actually the only exchange in the country (as of 2025) that offers insurance on crypto assets—up to $5 million. That’s a pretty big deal, especially if you’re planning to store a large amount of crypto on the platform.
Independent Reserve is designed more for high-net-worth individuals, businesses, and serious investors rather than casual traders. It has a top-tier OTC desk, which makes it a great choice for SMSFs (Self-Managed Super Funds), family offices, and anyone who wants to execute large trades—think $100,000+ transactions without dealing with slippage.
The trading fees start at 0.5%, but if you’re a high-volume trader (over $100,000 in trades within 30 days), your fees get reduced, making it more cost-effective the more you trade. Another cool feature is their KPMG-powered tax report, which helps make end-of-year tax reporting a lot easier—a huge bonus if you’re investing on a bigger scale.
The only real downside? They don’t have a massive selection of coins—you’ll mostly find top 30 global cryptos here. If you’re into altcoins and meme coins, this isn’t the exchange for you. But if you’re a serious investor looking for a secure, professional trading environment, Independent Reserve is one of the best choices in Australia.
Related articles: Swyftx vs Independent Reserve, CoinSpot vs Independent Reserve
Reviews from other users
Overall Feedback: Excellent
Leave your own review
#11. Bitcoin.com.au - Best for new crypto users
SUMMARY
Bitcoin.com.au is an ideal platform for Aussies who are new to cryptocurrency. It is extremely easy to use, with several deposit options. There is also a 'Learn' section where you can educate yourself about cryptocurrency.
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Bitcoin.com.au is one of the most straightforward and beginner-friendly crypto platforms in Australia, and it’s been around since 2013 — so it's got some serious history behind it. While it might not have as many flashy features as some of the bigger exchanges, it’s carved out a niche by making it super simple to buy and sell crypto with AUD, especially for first-timers.
What really sets it apart is the no-fuss buying process. You can get started with as little as $1, and they support all the major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and a handful of other major coins. The interface is clean and minimal — perfect if you're not into charts, order books, or all the extra bells and whistles.
If you’re just getting started with crypto and want a trusted Aussie platform that keeps things simple, Bitcoin.com.au is definitely worth a look. If you're interested to get started, sign up here and receive FREE $20 BTC after your first trade.
Related articles: Bitcoin.com.au Review
Reviews from other users
Overall Feedback: Excellent
Leave your own review
How to Choose the Right Crypto Exchange in Australia
So, you’re ready to start trading or investing in crypto, but you’re not sure which exchange to go with? Totally understandable—there are a ton of options out there, and picking the wrong one can cost you money (or worse, security headaches).
Before you jump in, here are the main things you should consider when choosing a crypto exchange in Australia.
1. Regulation & Compliance – Is the Exchange Legit?
First things first—you want to use a legit, regulated exchange. The last thing you want is to put your money into a dodgy platform that disappears overnight. In Australia, AUSTRAC oversees crypto exchanges to make sure they follow anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
If an exchange is registered with AUSTRAC, that’s a good sign it’s following the rules. Some of the most trusted Aussie exchanges—like CoinSpot and Swyftx—are fully compliant, so your funds and personal info are more secure.
2. Security – Can You Trust the Exchange with Your Money?
Crypto hacks are way too common, so security should be a huge priority when picking an exchange. Look for platforms that offer:
- Two-Factor Authentication (2FA) – This adds an extra layer of security to your account.
- Cold Storage – This means most of the exchange’s funds are kept offline, making them much harder to hack.
- Encryption & Regular Security Audits – If an exchange has ISO 27001 certification, it’s a good sign they take security seriously.
If an exchange doesn’t have these basic security features, that’s a big red flag—I’d avoid it.
3. Fees & Spreads – How Much Are You Actually Paying?
Fees can sneak up on you and eat into your profits, so you definitely want to check what an exchange charges before signing up. The main types of fees to look out for are:
✅ Trading Fees – These range from 0.1% to 1% per trade, depending on the exchange. For example, MEXC has zero fees for spot trading and even 0% fees for makers on futures trading, which is amazing for keeping more money in your pocket.
✅ Spreads – This is the difference between the buy and sell price. Wider spreads mean you’re paying more per trade, so an exchange with tight spreads is ideal.
✅ Deposit & Withdrawal Fees – Some exchanges charge fees for depositing or withdrawing crypto, while others don’t. Always check this before signing up.
If you’re trading a lot, even small differences in fees can add up over time, so make sure you’re getting the best deal.
4. User Experience & Customer Support – Is It Easy to Use?
If you’re new to crypto, a complicated exchange can be overwhelming. You want something that’s easy to navigate, with a clean interface and a good mobile app (because let’s be real, most of us check our crypto on our phones).
Customer support is also super important. Some exchanges (looking at you, Binance) can take forever to respond if you have an issue, while others—like CoinSpot and Swyftx—have 24/7 live chat support, which is a lifesaver if something goes wrong.
A few things to check:
- Does the exchange have live chat support or just email tickets?
- Is the mobile app fast and glitch-free?
- Are there educational resources if you need help learning the ropes?
A smooth experience makes a huge difference, especially if you’re trading frequently.
5. Liquidity – Can You Actually Trade Without Issues?
Liquidity is a fancy way of saying, “How easy is it to buy and sell without affecting the price?” If an exchange has high liquidity, it means your orders get filled quickly, and you don’t have to worry about big price swings when making a trade.
- Big exchanges like Binance and Bybit have deep liquidity on popular pairs like BTC/USDT, meaning you’ll get fast execution and minimal slippage.
- However, just because an exchange has high liquidity for Bitcoin doesn’t mean it has good liquidity across all coins. If you’re trading less popular altcoins, you’ll want to check liquidity first.
If you’re a high-volume trader, liquidity is critical—you don’t want to place a big trade and have the price shift against you because of low liquidity.
How to Choose a Crypto Exchange
Before settling on a crypto exchange, it's crucial to conduct thorough research and compare the offerings of different platforms. Identifying your specific needs and the features you require will streamline the process of finding an exchange that aligns with your requirements. Below are some key aspects to consider, each linked to more detailed information:
Getting started can be confusing if you are new to crypto, while on the other hand, more experienced traders may want a platform that offers more advanced features.
Consider how you want to deposit money to the exchange and make sure that your preferred payment method is available. Most exchanges accept popular options like credit and debit cards or PayPal.
Consider whether you want to trade fiat-to-crypto, crypto-to-crypto, or a combination of both.
How much is it going to cost you to buy and sell crypto from the beginning to the end of the process on the platform? Remember to consider any fees associated with the payment method you plan to use, exchange rates, and any discounts you might be entitled to.
Be aware of any deposit and withdrawal limits that you may be subjected to when using the exchange. Minimum and maximum limits may apply.
Do you want to trade on a web browser, or do you prefer the option to trade from a mobile app? How easy will it be for you to access your exchange account wherever you are?
Does the exchange offer any discounts or rewards for those who meet certain guidelines, such as keeping up a certain trade volume each month?
Compare cryptocurrency exchange rates across a variety of different exchanges - you may be surprised to see just how much they can fluctuate.
The higher the liquidity of the exchange, the easier and faster it will be for you to complete trades. Larger crypto exchanges tend to have high liquidity levels.
Most platforms will require you to verify your identity before allowing you to begin trading. Are you happy to give out this information or would you prefer to use an anonymous platform?
When you deposit money into or withdraw money from the exchange, how long can you expect to wait for your transaction to complete?
Security should be a top priority when choosing a crypto exchange. Platforms without a range of high-security features such as two-factor authentication, strong account verification processes, 24/7 security monitoring, and offline secure storage for customer funds leave you vulnerable to hackers and fraudsters.
The crypto industry is still quite lightly regulated, and how an exchange is regulated will depend on where it is based. In Australia, all crypto exchange operators must be registered with AUSTRAC and meet compliance and reporting obligations for anti-money laundering and counter-terrorism financing.
What is the customer support like on the exchange? Is there Live Chat support? Is a customer service team available at all times? How responsive and helpful are customer service agents?
Overall, you should look for an exchange that has a strong reputation for being reliable and secure. Read independent reviews and find out about as many user experiences as possible - both positive and negative - to find out what the exchange is doing well and where it could do better.
Final Thoughts
At the end of the day, there’s no “one-size-fits-all” crypto exchange. The best platform for you depends on your trading style, experience level, and what features matter most. What works for a beginner who just wants to buy and hold Bitcoin might not be the best choice for a day trader who needs low fees and high-speed execution.
That’s why doing your own research is so important before committing to an exchange. There are huge differences between platforms—some are great for low fees, some for security, others for advanced trading tools. Picking the right one can save you money and make your crypto experience way smoother.
To help make your decision easier, I’ve put together detailed reviews of some of the best crypto exchanges in Australia (and a few top international ones). I break down features, advantages and disadvantages, fees, and key differences so you can figure out which exchange fits your needs. Whether you’re just starting out or you’re an experienced trader, these insights will help you make an informed choice that supports your crypto journey.
Hope this guide helps! If you have any questions, feel free to ask—I’m always happy to chat about crypto. 🚀
Frequently Asked Questions (FAQs)
Cryptocurrency is stored in digital wallets. When you sign up to a crypto exchange, most of them provide you with a wallet that is held in your exchange online. You can either leave your cryptocurrency in the exchange account, or transfer it to an external wallet (either a hot wallet app, or a cold hardware wallet). Some other platforms require you to have your own external wallet at the time of purchase, and any crypto you buy is sent straight there.
It is not recommended to leave your crypto on an exchange in the long-term, since the exchange controls the private key to your wallet, leaving you without full control of your funds. If the exchange is the victim of a cybersecurity attack, your digital assets may be lost or stolen. Click here to read about the best crypto wallets in Australia.
It only takes a few steps to buy crypto using a crypto exchange. You need to create an account, verify your identity, deposit AUD, then purchase the coin you like. For a detailed step-by-step guide with screenshots, read our article on how to buy crypto in Australia.
Each crypto exchange will accept different methods of payment. Some of the most common are bank transfer, PayID, POLi, credit card, debit card, PayPal, and BPAY.
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