This list was last checked on 30 October 2024, based on the 2024 Finder Awards and recent analysis.
We analyse more than 1,100 data points across 16 cryptocurrency platforms in Australia to find winners in 7 different categories. Approximately 100 hours went into data collection, review and analysis.
Awards are based on quantitative criteria which are weighted and scored for each category.
Read the full methodology for our crypto trading platform awards
Use our table to compare crypto exchanges or platforms on fees, fiat currencies, deposit methods and more. Once you've found the right fit, select Go to site to get started.
Kraken is widely recognised as one of the leading crypto exchanges in the world and was a three-time winner in the 2024 Finder Awards. It won in the categories of Best Overall, Extra Features and Advanced Trading, and was also named Highly Commended in the Beginners category.
The platform features a professional trading interface, competitive fees, staking, swaps, AUD deposits and withdrawals, an NFT marketplace and an education hub.
Kraken regularly exceeds a daily trading volume of US$500 million and is renowned for its deep liquidity across high market cap trading pairs. Traders utilising Kraken Pro can take advantage of various order types such as stop-loss, market and limit orders with inbuilt TradingView charts.
Trading fees work on a volume system, meaning users trading in high volumes are rewarded with fee discounts, which go as low as zero for maker orders and 0.1% for taker orders.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | Bank transfer, PayID or OSKO: None Cryptocurrency: Fees vary Credit and debit card: Fees vary |
| Withdrawal Fees | Bank transfer/OSKO: None ($5 minimum withdrawal) SWIFT: $55 ($150 minimum withdrawal) Cryptocurrency: Network fees apply |
| Trading Fees | Maker: 0.20 – 0.25% Taker: 0.35 – 0.40% |
Swyftx is an Australia-based crypto exchange that features more than 420 assets and boasts over 700,000 users. It was named the best exchange for Beginners in the 2024 Finder Awards thanks to its educational tools, user support and demo mode.
It was also the most recommended brand in Finder's 2023 customer satisfaction awards, with 90% of users saying they would recommend the platform.
With thousands of 5-star reviews on Trustpilot and a local Australian customer support team it's no surprise Aussies rated the brand so highly.
The platform has an easy-to-navigate and beginner-friendly UI and features an education hub where you can take crypto courses to learn new skills and test your knowledge with quizzes.
The Swyftx mobile app offers a comprehensive user experience with all the same features supported on the desktop exchange. It is available for download via the App Store or Google Play.
Swyftx is AUSTRAC-registered, independently audited and holds all customer balances on a 1:1 basis. Once you've signed up and completed the KYC verification process, you're ready to start trading.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | Bank transfer: $0 Card: Fees vary PayID: $0 Cryptocurrency: $0 |
| Withdrawal Fees | AUD: $0 Cryptocurrency: $0 (network fees apply) |
| Trading Fees | 0.1 – 0.6% |
Swyftx users consistently praise its customer service team, with many users saying how quick they were to respond. Beginner cryptocurrency investors appear to have an easy time using the platform.
Criticism of Swyftx appears to revolve around accounts being banned and users struggling to retrieve funds.
Coinstash offers a more extensive range of cryptos than any other Australia-based exchange. With over 1,030 coins and tokens available to trade, it won the 2024 Finder Award for Altcoins trading, having also won the same award in 2023.
Many cryptos are available for purchase via the platform's DeFi Connector, which allows traders to buy and sell popular high-cap cryptos and lesser-known altcoins.
This mean you can purchase a wider range of altcoins that are often unavailable through other exchanges, without having to worry about smart contracts or non-custodial wallets.
Once you've confirmed a purchase order, your Australian dollars are instantly converted and the crypto is deposited into your Coinstash wallet.
It also offers convenient features like instant and limit buys, crypto bundles, rewards programs, as well as industry-standard security and fully-backed reserves.
Coinstash is integrated with 10 blockchains including Ethereum, Binance, Base, Solana, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks.
| Deposit Methods | Bank transfer,Cryptocurrency,Osko,PayID |
|---|---|
| Deposit Fees | PayID: None Osko: None |
| Withdrawal Fees | Cryptocurrency: Fees vary AUD: None |
| Trading Fees | 0.13 – 0.85% |
Coinstash users have a lot of positive things to say about the exchange, typically focusing on the ease-of-use and access to exotic cryptocurrencies.
Criticisms are few, with only one user taking aim at the quality of customer service.
CoinSpot is one of Australia's longest-running exchanges and has over 2.5 million registered users. It's an excellent choice for beginner investors looking to dip their toes into the world of cryptocurrencies. CoinSpot received Highly Commended awards in the best Overall and Altcoins categories of the 2024 Finder Awards.
This Australia-based exchange has a user-friendly interface, making it easy for newcomers to navigate the platform and start trading over 380 cryptocurrencies.
One of the stand-out features of CoinSpot is its fast and straightforward purchasing process. The platform supports various payment options for AUD, including POLi payments, BPAY, and PayID, making it easy for investors to purchase cryptocurrencies quickly and efficiently.
In addition to speedy purchases, CoinSpot offers great value fees at just 0.1% for market and OTC trades. Instant buys, sells and swaps incur a 1% charge.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | Bank transfer and PayID: None Cash: 2.5% Card: 1.88% |
| Withdrawal Fees | AUD: None Cryptocurrency: Fees vary |
| Trading Fees | 1% |
A common theme among CoinSpot users is praise for how easy the platform is to use and its beginner-oriented features. Customer support is also well regarded.
As for criticisms, they tend to focus on issues with account verification and security measures that some users find inconvenient.
This is a great platform for beginners, very easy to use. The desktop site has many more features than the app. The app is still great. But with the desktop, you are able to set prices for buy and sell. If a coin reaches this price you've input you will receive a notification via email or text or both. Low fees.
I registered with CoinSpot when I didn't know much. There are better ones out there. They have an authentication process that takes a couple of days so it takes a little while if you want to get started urgently (not really possible with this exchange). However, I did have someone crack into my emails and try to steal my Bitcoin and CoinSpot was excellent in blocking them/passing on the details to me.
OKX is a cryptocurrency exchange that was founded in 2017 and is now one of the largest exchanges in the world based on trading volume and users. It lets you instant buy more than 290 cryptocurrencies with AUD with competitive fees and an extensive range of payment options.
It is one of the few exchanges that offers derivatives trading (including futures, options and perpetual swaps) in Australia. You’ll need to be a verified wholesale client to access derivatives trading.
OKX also publishes monthly proof of reserve snapshot to verify it holds funds to cover all user assets.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card |
|---|---|
| Deposit Fees | AUD: None Bank transfer: None Cryptocurrency: None Network fees may apply |
| Withdrawal Fees | Bank withdrawal: None Other AUD withdrawal options: Fees vary Cryptocurrency: Fees vary |
| Trading Fees | 0.500% |
| Advanced Trading Features | Yes |
Bybit is a cryptocurrency exchange founded in 2018 and headquartered in Singapore. It's best known for its expansive range of features, in-depth trading experience and a best-in-class mobile app for trading on the go.
The Bybit app features a user-friendly interface that makes navigating and placing trades simple. It includes advanced trading tools such as real-time charts, order book depth and price alerts to help you make informed decisions and stay updated with market trends.
Bybit's uses industry-standard security measures to protect user data and funds. It has 2-factor authentication (2FA) and biometric authentication (fingerprint and face recognition).
The mobile app is available for download via the Apple store and Google Play and supports multiple languages including English, Chinese, Japanese, Korean and Spanish.
| Deposit Methods | Cryptocurrency,Moonpay,P2P,Banxa,Mercuryo |
|---|---|
| Deposit Fees | AUD: Fees vary Cryptocurrency: None |
| Withdrawal Fees | Fiat: Fees vary Cryptocurrency: Fees vary ATM Withdrawal: 2% (after the first 100 USD monthly) |
| Trading Fees | Maker: 0.005—0.10% Taker: 0.015—0.10% |
eToro pioneered the concept of copy trading back in 2010. Since then, the platform has expanded to include various social features, with a Facebook-style newsfeed that lets you engage directly with other traders.
eToro's copy trading feature allows you to view and mirror trades made by experienced investors. Getting started is easy – simply choose a trader you want to copy and then set your account to follow their trading set-ups.
With a minimum of US$200, you can automatically repeat trades from some of eToro's top-performing crypto traders. There is no additional fee charged for this service.
Beyond copy trading, eToro provides a comprehensive social experience, making it just as much a social media platform as a broker. Traders can discuss strategies, speculate on prices and share important news.
| Deposit Methods | Bank transfer,Credit card,Debit card,PayPal,eToro Money |
|---|---|
| Deposit Fees | Fees vary (up to a 3% currency conversion fee for AUD) |
| Withdrawal Fees | AU$5 (min. of US$30) Up to a 3% currency conversion fee for AUD |
| Trading Fees | 1% |
eToro users praise the platform for its ease of use, social trading features like copytrading, and its customer support which includes a phone-based option.
However, it's crystal clear what users dislike – the fees. Users complain about withdrawal fees as well as spreads.
With low spot market fees, a feature-rich trading platform and a vast selection of cryptocurrencies and trading pairs, Binance received 3 Highly Commended awards in the 2024 Finder Awards in the categories of Advanced Trading, Extra Features and Altcoins.
You can customise your trading interface with multiple charts, indicators and data feeds. There is a desktop app available for Windows and Mac which offers greater customisation and immersion.
There are also trading bots with preset strategies for grid trading, rebalancing, dollar-cost averaging and TWAP.
Binance users can benefit from using BNB to pay for trading fees, which results in a 25% discount on spot trades. While it formerly offered AUD deposits and withdrawals, this feature was removed in June 2023.
Boasting around 230 million registered users and more trading volume than any competitor, Binance is the world's largest exchange.
| Deposit Methods | Credit card,Cryptocurrency,Debit card,P2P |
|---|---|
| Deposit Fees | Cryptocurrency: None |
| Withdrawal Fees | AUD: Not supported Cryptocurrency: Fees vary |
| Trading Fees | Maker: 0.0110 – 0.1000% Taker: 0.0230 – 0.1000% |
Reviews of Binance praise the smartphone app in particular, which offers all the features of the desktop exchange in a compact format. Users also enjoy the wide range of coins available as well as the extra features like staking.
Binance users appear to critique it for two main reasons – poor customer service and an overwhelming user interface that is not well suited for beginners. A small number of users expressed issues when trying to withdraw funds, which is hampered by poor customer support.
Been trying many times to get my crypto off this exchange. The amount of loops you have to jump through is utter ridiculous. I mean videos, pictures and all manner of credentials I've had to supply in order to get access to my own crypto is ridiculous. After hours of mucking around I have a huge disdain for the platform. Absolutely disgusting customer service. Not worth a star.
CoinJar was the winner of the Value award in the 2024 Finder Awards thanks to its competitive fee structure across trading, deposits and withdrawals. You can buy and sell more than 60 cryptocurrencies with as little as $10, and pay no fees on bank deposits and withdrawals.
There's a simple 1% fee on all crypto and fiat conversions, and a 2% fee on instant buys via card, Apple Pay and Google Pay. For more advanced investors, the CoinJar exchange has maker and taker fees of 0.10% on fiat trading pairs, or 0.06% on crypto-to-crypto or crypto-to-stablecoin trading pairs.
CoinJar also offers a crypto card, bundles, a free app and SMSF support.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | PayID: $0 Bank transfer: $0 SEPA: $0 Faster Payments: $0 Cryptocurrency: $0 Debit or Credit card: 2% |
| Withdrawal Fees | AUD: $0 Cryptocurrency: Network fees apply |
| Trading Fees | Maker: 0.02—0.10% Taker: 0.06—0.10% |
KuCoin lists an impressive array of up-and-coming altcoins compared to other centralised crypto exchanges, which is why it's our winner for this category.
Usually, to buy trending altcoins, you must purchase them through a decentralised exchange (DEX) like Uniswap or PancakeSwap, which requires learning how to use a Web3 wallet and a blockchain.
With KuCoin, all you have to do is create your account and you'll have access to over 790 digital assets.
Many of these assets are brand new, untested and much riskier than coins like BTC and ETH, so tread carefully.
| Deposit Methods | Credit card,Cryptocurrency,Debit card,P2P |
|---|---|
| Deposit Fees | Cryptocurrency: $0 Credit/debit card purchase fees vary |
| Withdrawal Fees | Cryptocurrency: Fees vary |
| Trading Fees | Maker: -0.005 — 0.100% Taker: 0.025 — 0.100% |
| Advanced Trading Features | Yes |
Launched in 2012, Coinbase is one of the longest-running and most reputable crypto exchanges. It has over 110 million verified users and over 200 coins and tokens listed, including most major trading pairs. It won 3 Highly Commended awards in the 2024 Finder Awards.
Coinbase emphasises its goal to help bring Web3 to the masses and educate and onboard beginners. As part of this, the platform offers a learn-to-earn hub, which we've recognised as the best in its class.
Coinbase Learn is easy to use and provides a gamified experience, which makes it engaging and accessible for users of all levels.
After signing up and verifying your Coinbase account, you can start trading, earning and learning. The platform is easy to use and markets typically offer deep liquidity.
Coinbase also has 24/7 customer support and a robust security system, protecting users' funds and personal information.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | AUD: None using bank transfer or PayID Cryptocurrency: None |
| Withdrawal Fees | AUD: None Cryptocurrency: Fees vary |
| Trading Fees | Maker fee: 0.00 – 0.40% Taker fee: 0.05 – 0.60% |
Independent Reserve has offered dedicated SMSF support since 2013, with integrated KPMG tax reporting tools, portfolio tracking and competitive trading fees.
With audited, fully-backed reserves, segregated funds, OTC trading and 24/7 customer support, it's our pick for those looking to add crypto to their self-managed super fund.
It's always a good idea to consult a financial advisor before opening an SMSF.
| Deposit Methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayID |
|---|---|
| Deposit Fees | Cryptocurrency: Free Bank transfer: None for deposits over AU$100 and above $0.99 for deposits under AU$100 Assisted transfer fee: $20 Debit or credit card: 1% PayPal: 1% |
| Withdrawal Fees | EFT bank withdrawals: Free AUD PayID/NPP instant withdrawals: $1.50 Cryptocurrency: Fees vary Assisted transfer fee: $20 |
| Trading Fees | 0.02 — 0.50% |
Our investment experts have analysed more than 25 cryptocurrency exchanges available in Australia to make it easier for you to select the right one. Our best crypto exchange picks are based on the 2024 Crypto Trading Platform Awards and 2023 Finder Customer satisfaction Awards. We have only included exchanges that are registered with AUSTRAC or ASIC. Keep in mind that these picks are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.
25
Crypto exchanges analysed
1,100
data points
300+
hours of research
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The following exchanges allow you to deposit AUD or buy crypto using Australian dollars:
Many of Australia's biggest banks have imposed blocks or limits on certain crypto exchanges, including the Commonwealth Bank, Westpac, NAB and ANZ. For example, Commonwealth Bank has a $10,000 limit on deposits to crypto exchanges each month. In July 2024, HSBC also announced that it would be blocking all transactions to crypto exchanges from its customers.
Banks may also outright block any transactions to exchanges they deem disreputable or insecure, but this is often extended to larger, respected exchanges as well.
In August 2024, users reported that deposits to Kraken were being blocked by banks including ING, Westpac and Macquarie Bank.
If your bank is blocking or reversing deposits to crypto exchanges, your first move should be to contact your bank directly. Depending on their response, you may need to try a different crypto exchange or open an account with a different bank that allows deposits to that exchange.
It's important to research a wide range of platforms and compare the pros and cons of each option. The best crypto exchange for you depends on what you're looking for.
Consider the following factors when comparing crypto exchanges.
There are plenty of places to buy crypto, including platforms founded here in Australia or based in locations all around the world. Exchanges headquartered locally are required to register with AUSTRAC and comply with requirements that don't apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.
| Response | |
|---|---|
| None | 36.47% |
| Individual stocks | 34.39% |
| Real estate | 19.13% |
| Bitcoin | 18.33% |
| Index funds (e.g. ETFs) | 17.74% |
| Ethereum | 11.4% |
| Other cryptocurrencies | 11% |
| Forex | 5.05% |
| Other | 4.96% |
| Commodities | 4.26% |
| Stablecoins | 2.58% |
You'll need to deposit funds on your cryptocurrency exchange or otherwise make a transfer. Bitcoin exchanges accept all sorts of deposit methods, including the following:
The payment types accepted will vary between exchanges though, so it's worth checking to ensure your preferred payment method is supported before signing up.
Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet, which lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired, while others will require you to have your own wallet at the time of purchase.
However, using an exchange for long-term storage is not recommended. As the exchange controls the private key to your wallet, you don't have total control of your funds. And with exchanges regularly (and sometimes successfully) targeted by hackers, storing crypto on an exchange long-term is very risky.
We polled 40 specialists in the fintech industry to get their opinion on how Bitcoin would perform during 2024, all the way through to 2030.
All prices mentioned in this report are denominated in US dollars.
The average peak price our panellists predict Bitcoin will hit by year-end 2024 is US$87,875, with some predicting it will climb as high as US$200,000. The average lowest price our panellists predict Bitcoin will hit by year-end 2024 is US$35,734, with some predicting it will fall as low as US$20,000.
Our panellists also predict BTC will hit US$122,688 by 2025 and US$366,935 by 2030.
They were more bullish than in our most recent survey from October 2023 and in our survey from this time last year. In neither our October 2023 nor January 2023 surveys did our panelists think BTC's price would crack US$100,000 by 2025 or US$300,000 by 2030.
"Bitcoin's potential to reach $80,000 in 2024 can be attributed to several factors," says Kadan Stadelmann, CTO of Komodo.
"First, major companies and institutional investors are showing growing interest in bitcoin, which is likely to drive demand. Second, the approval of spot ETFs makes price exposure to bitcoin more accessible than it was in previous market cycles. Lastly, and most importantly, the 2024 halving will reduce the newly issued supply from 6.25 BTC per block to 3.125 BTC, creating a scarcity that tends to increase its value."
The majority of our panellists believe it's a good time to buy BTC.
To be exact, 57.5% think Bitcoin is a buy at its current price, while 37.5% believe it's a good time to hold the asset. Only 5% think it's time to sell.
Jason Lau, Chief Innovation Officer at OKX, believes it's time to buy BTC.
"Bitcoin continues on its 15-year trajectory of ever-increasing adoption and accessibility," begins Lau. "With the approval of the ETF, we now have cleared a major hurdle from the SEC and major financial institutions. The increased access for retail investors, coupled with alignment from financial institutions to adopt and promote bitcoin is going to kick off a new wave of inflows over time. While short-term volatility is expected as firms and hot money reposition, the longer-term prospects are bright."
Josh Fraser, cofounder of Origin Protocol, also thinks it's time to buy, as he believes quantitative easing (QE) from The US Federal Reserve is coming.
"In order to see a full-blown bull market, we'll likely need some form of QE," explains Fraser. "It's likely we'll see QE by the end of 2024, although it's likely the ramifications of this won't take full effect until early 2025."
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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Read the full review of Independent Reserve if you’re thinking of cryptocurrency trading.
I have for several years been informed by email that I have 10.2 Bitcoins. Recently I have also been informed that this balance is worth some $18,000 plus and that I can withdraw the money at any time. Is this likely to be true or is it a scam?
Hi Wisebanc.com
Thanks for your inquiry and sorry for the delay.
I’m afraid we can’t tell if that is true or a scam. Have you traded bitcoins before or do you have any deals with cryptocurrencies? That could be adverts from the exchanges you’re with. If you didn’t engage in any of the bitcoin trades, then you should have a second thought and start to investigate yourself. You may refer to our guide about bitcoin scams. It has a list of 11 common crypto scams to keep an eye out for.
Hope this helps.
Cheers,
May
Now is a large selection of exchangers, but not all of them meet the requirements of users. For example, I used shapeshift earlier, but they made an account. I think you know what kind of hate this has caused among users. Then I used changelly, but they recently delay the execution of applications. This is inconvenient, because I need an exchange in a short time. Now I found changenow, in my opinion it meets the requirements of the crypto community, so I look forward to your review. Thanks!
Hi Emily,
Thank you for reaching out to finder.
Let me go and forward your comment over to our publishers. Definitely, this is something that would be checked by the team. Please follow our pages and check for updates regarding this. Again, thanks for your comment.
Cheers,
Reggie
Agree with Almore. Changenow should rank on this list. Using it recently, I found a service that completely suits me. Hope I will see it here.
Hi Ricko,
Thank you for reaching out to finder.
I have already forwarded your suggestion to our publishers for validation. Thank you for your interest in helping finder.
Cheers,
Reggie
Could you please add changenow to this list? I wanna to compare it with other services. They are writing about their best rates
Hi Almore,
Thank you for reaching out to finder.
I will forward your request to our team who publishes these articles and this would be validated. Once we have enough information about this Crypto Exchange, we will have it published on our site. Hope this helps!
Cheers,
Reggie
Hello
Here is a new cryptocurrency exchange(BITKER which founded in Singapore), we would like to link our information on your cryptocurrency plate. Also as the cooperation exchange condition, we would offer BITKER media resource, BITKER exchange has over 100K user and attention in China market. Now is continue to increase the overseas market. including but not limited to Southeast Asia, Middle East, Africa and North America.
If you are interested for our cooperation.
Please, Email me
Thank you
Mibo
Hi Mibo,
Thank you for your interest in Finder.
Please check our partner with us page. Once there, please fill in the form provided. Once submitted, our client services team will get in touch with you to discuss your proposal.
Hope this helps!
Cheers,
Reggie