When I was trying to choose a crypto exchange in Australia, the three names that kept popping up were Swyftx, CoinSpot, and Crypto.com. I’ve spent time using all three, and I’ve compared them side-by-side to figure out which one is best – or at least, which one might suit different types of investors.
Long story short?If I had to pick one overall winner, I’d go with CoinSpot. It ticks the most boxes for trust, features, and ease of use – plus it has the largest range of coins and 24/7 live chat support. But Swyftx and Crypto.com are close behind, and depending on what you’re after, they could actually suit you better. Here’s a breakdown of how they compare.
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Fiat Currencies |
AUD |
AUD |
AUD, USD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more |
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Number of Coins |
530+ |
440+ |
250+ |
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Trading Fees |
Market: 0.1%, Instant Trade: 1% |
0.6% |
Varies |
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Daily Deposit Limit |
$100k |
$100k |
$100k |
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Deposit Methods |
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Direct Deposit |
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PayID |
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POLi |
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PayPal |
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Credit Card |
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Debit Card |
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BPAY |
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Cryptocurrency |
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Cash |
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Features |
Cell | Cell | Cell |
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User-friendly |
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Mobile app |
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Demo mode |
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Live Chat |
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Security |
Cell | Cell | Cell |
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2FA |
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Biometric security |
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AUSTRAC registered |
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ISO 27001 certified |
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Offline cold storage |
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Website |
Swipe across the table to view Crypto.com’s information in the far right column.
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Fiat Currencies |
AUD |
AUD |
AUD, USD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more |
|
Number of Coins |
530+ |
440+ |
250+ |
|
Trading Fees |
Market: 0.1%, Instant trade: 1% |
0.6% |
Varies |
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Daily Deposit Limit |
$100k |
$100k |
$100k |
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Deposit Methods |
Cell | Cell | Cell |
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Direct Deposit |
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PayID |
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POLi |
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PayPal |
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Credit Card |
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Debit Card |
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BPAY |
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Crypto |
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Cash |
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Features |
Cell | Cell | Cell |
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User-friendly |
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Mobile app |
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Demo mode |
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Live Chat |
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Security |
Cell | Cell | Cell |
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2FA |
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Biometric security |
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AUSTRAC registered |
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ISO 27001 certified |
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Offline cold storage |
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Website |
Pros
- Most trusted and secure exchange in Australia
- ISO 27001 certified
- Huge range of over 530+ cryptocurrencies
- Low trading fees of only 0.1% on the market
- NFT marketplace
Cons
- Instant buy/sell fees of 1% are higher than Swyftx (0.6%)
- No demo mode
Pros
- Live Chat support
- Lower spreads than CoinSpot and Crypto.com
- 440 coins available to trade
- Demo mode available
- $20 free BTC bonus
Cons
- Trading fees of 0.6% are higher than CoinSpot’s market trading fee of 0.1%
- No NFT marketplace
Pros
- Cryptocurrency staking supported so you can earn interest on over 40+ coins
- Additional features such as crypto lending, borrowing and NFT marketplace
- 21 fiat currencies accepted (AUD, USD, EUR, GBP, JPY, CAD, CHF & more)
- Visa debit card to receive cashback on every purchase
Cons
- 3.5% fee for paying with debit/credit card (free for first 30 days)
- The desktop site does not allow trading against AUD
- Higher spreads
Swyftx vs CoinSpot vs Crypto.com Fees
I have summarised all the different fees for Swyftx, CoinSpot and Crypto.com here, so it’s easier to compare which platform is the best.
Deposit Fees
Swyftx: Free across the board.CoinSpot: PayID, POLi, and direct deposit are free. BPAY costs 0.9%, and cash deposits come with a 2.5% fee.Crypto.com: Free if you use PayID or BPAY. Card deposits cost 3.5% – though that’s waived for the first 30 days.
Trading Fees
Swyftx charges a flat 0.6% whether you’re buying or selling.CoinSpot charges 1% for instant buys/sells. But if you trade on the market (limited to about 15 popular coins like BTC and ETH), the fee drops to just 0.1%.Crypto.com has the lowest fee at 0.4% – but only on their desktop exchange, and you’re limited to trading against a few stablecoins and BTC. On the app, buying crypto from fiat is technically “fee-free”, but the cost is built into the spread.
Withdrawal Fees
All three exchanges let you withdraw AUD to an Aussie bank account for free. No hidden fees there.
Winner –Swyftx
Swyftx has fee-free fiat deposits and withdrawals, and lower trading fees of 0.6%,
making it the winner for this section on fees.
Swyftx vs CoinSpot vs Crypto.com Deposit Methods
Swyftx supports direct deposit, PayID, credit/debit card and cryptocurrency deposits.
CoinSpot supports direct deposit, PayID, POLi, BPAY, cash and cryptocurrency deposits.
Crypto.com supports PayID, BPAY, credit/debit card and cryptocurrency deposits.
Pretty similar across the board, though CoinSpot offers the most variety if you’re looking for flexibility.
Winner –CoinSpot
CoinSpot has a wide range of deposit methods that will suit almost every Australian user. However, it doesn’t support credit or debit cards, so if you want to use them, you will have to opt for one of the other two exchanges.
Swyftx vs CoinSpot vs Crypto.com Features
Each of these exchanges has its own personality when it comes to features, and depending on what you’re after—whether it’s learning the ropes, investing long-term, or getting into NFTs—there’s something unique to offer from each.
Starting with Swyftx, the standout feature for me is their demo mode. It’s honestly one of the best tools for beginners I’ve seen on any Aussie exchange. You get a fully functioning trading account, but with play money instead of real funds. That means you can practise buying, selling, and exploring the platform without any risk. It’s surprisingly realistic too—you’re trading in live market conditions, just without the pressure. No other major exchange in Australia has something like this, and I think it’s a huge win for anyone who’s just starting out or wants to test strategies before jumping in. On top of that, Swyftx has a really sleek and customisable dashboard. I was able to set it up to show just the data I cared about, in the order I liked. It makes using the platform feel personal and a lot more intuitive.
Then there’s CoinSpot, which is probably the best-known exchange in Australia, and part of the reason for that is its huge range of cryptocurrencies. We’re talking over 530 different coins. That’s a big deal if you’re into exploring altcoins or want to catch a smaller token before it ends up everywhere. CoinSpot also surprised me with its NFT marketplace. It’s actually pretty well-designed and lets you browse thousands of NFTs, including big-name collections like Bored Ape Yacht Club. What makes it stand out is that you can buy NFTs using any cryptocurrency from your wallet, so there’s no mucking around swapping coins first. Another neat feature is their CoinSpot Bundles. These let you invest in a mix of cryptos all in one go, which is a great way to diversify without needing to place multiple trades. One bundle I’ve used is the “Top Ten Market Cap,” which gives you exposure to the biggest names in crypto like Bitcoin, Ethereum, and BNB—all in a single transaction. It’s an easy way to spread out risk while still investing in solid coins.
Now, Crypto.com is kind of in its own league when it comes to the number of features packed into one platform. It really shines for people who are planning to hold their crypto long-term. One of the biggest drawcards is their staking options—you can lock in over 40 different coins and earn up to 14.5% interest (APR), which is a great way to put your crypto to work while you wait for it to grow. Then there’s the metal Visa debit card, which I think is a seriously cool perk. Depending on how much of their native CRO coin you’re willing to stake, you can get cashback on everyday spending (up to 5%), rebates on subscriptions like Netflix and Spotify, even free access to airport lounges. The more CRO you stake, the more benefits you unlock. Plus, you’re not spending your actual crypto when you use the card—you load it with regular Aussie dollars, so you’re not dipping into your investments every time you tap.
CRO, their native token, also opens the door to extra rewards. You can earn daily interest just for holding it, get discounts on trading fees if you use it to pay, and even earn cashback when you use their payment gateway, Crypto.com Pay. Basically, if you’re into maximising rewards and perks, there’s a lot to like about how Crypto.com ties everything together through their ecosystem.
Winner – Crypto.com
Crypto.com has the most features out of these three exchanges. It is the best choice for those that are planning on holding crypto long-term. With staking options on over 40+ coins, plus benefits on staking CRO coin, it is an excellent way to earn passive income while investing in crypto.
Swyftx vs CoinSpot vs Crypto.com Security
All three platforms are legit and use strong security measures. But two of them go the extra mile.CoinSpot is the only Aussie exchange with ISO 27001 certification. That’s a big deal for data security. Plus, they keep most of their crypto in cold storage.Crypto.com takes it up another notch with ISO/IEC 27701:2019 privacy certification, full cold storage for user funds, and insurance cover in case anything ever goes wrong.Winner for security? I’d say Crypto.com, hands down.
Winner –Crypto.com
Crypto.com holds ISO/IEC 27701:2019 certification, stores 100% of users’ crypto in cold storage, and has insurance cover to top it all off.
Verdict – CoinSpot
If I had to recommend just one to someone starting out or wanting a well-rounded exchange, I’d say go with CoinSpot. It’s super secure, easy to use, offers the biggest range of coins, and has a decent NFT marketplace.
But don’t write off the others:
- Swyftx is great if you’re learning the ropes and want lower fees and a risk-free demo mode.
- Crypto.com is ideal for long-term investors who want to earn passive income from staking or enjoy perks from their Visa card.
Overall Winner – CoinSpot
High levels of security and trust, 24/7 Live Chat support, 530+ coins, and FREE $20 BTC mean CoinSpot wins this comparison.
Still Researching?
If you’re still on the fence, I’d say check out my full reviews of each platform (CoinSpot review, Swyftx review, Crypto.com review). They each have their strengths – it just depends on what you’re looking for.
Or, if you’re looking for other options, check out my breakdown of the best crypto exchanges that many Aussies find helpful. A quick comparison table is also shown below to help you see key info at a glance.
Comparison Table of the Best Crypto Exchanges in Australia
Crypto ExchangeCrypto ExchangeBybitCoinSpotSwyftxDigital SurgeCoinstashFiat CurrenciesFiat CurrenciesAUD, USD, GBP, EUR, NZD & moreAUDAUD, NZDAUDAUDCryptocurrenciesCryptocurrenciesBTC, ETH, LTC, XRP, EOS & 280+ moreBTC, ETH, LTC, XRP, BCH, ADA & 530+ moreBTC, BTG, BCH, ADA, ETH, ETC & 440+ moreBTC, ETH, XRP, BCH, LTC & 400+ moreBTC, ETH, DOGE, DOT, XRP, LINK & 1,000+ moreDeposit MethodsDeposit MethodsVisa/Mastercard, Apple Pay, Google Pay, PayID, CryptocurrencyPayID, Direct Deposit, Cash, Card, CryptocurrencyPayID, OSKO, Bank transfer, Credit card, CryptocurrencyPayID, Bank Transfer, CryptocurrencyBank Transfer, PayID, CryptocurrencyTrading FeesTrading Fees0.1% for spot, 0.02/0.055% for derivativesMarket order: 0.1%, Instant buy: 1%0.6%0.5%0.85%Visit SiteFull Review Visit SiteFull Review Visit SiteFull Review Visit SiteFull Review Visit SiteFull Review
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