The Finder Crypto Trading Platform Awards program recognises the best platforms for investing in crypto in Australia for 2023.
Finder's cryptocurrency experts and data scientists crunched the numbers and scored crypto trading platforms on a comprehensive list of 61 criteria across 25 platforms.
The platform with the highest score in each category was named the winner, with the products that scored second- and third-highest each receiving a "Highly commended" award. Here are the winners for 2023.
Winner: BinanceBinance is an Australian market leader, with an affordable all-in-one crypto platform that extends far beyond trading to a range of services across the Web3 ecosystem. |
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Highly commended: CoinSpotCoinSpot makes crypto investing easy and affordable for Australians with 370+ coins available as well as local customer service. |
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Highly commended: KrakenKraken's maturity in the cryptosphere makes it a standout choice for Australians looking to build their portfolio, day trade or stake assets. |
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Winner: CoinSpotCoinSpot takes care of Australian traders with a low fixed fee of 0.1% for spot trades and 1% for instant purchases – the lowest we've found in Australia. |
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Highly commended: BinanceBinance offers an incredible range of features on top of some of the lowest trading fees available in Australia. |
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Highly commended: CoinJarCoinJar keeps fees low and provides a simple interface for an easy and cost-effective trading experience. |
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Winner: CoinSpotCoinSpot is dedicated to helping beginners find their feet in crypto with 24/7 customer support, low fees and a simplified buy and sell experience. |
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Highly commended: RevolutRevolut provides a smooth introduction to cryptocurrency for Australians with all the bells and whistles we've come to expect from the investing super app. |
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Highly commended: SwyftxSwyftx helps Australians take their first steps into crypto with a rich range of user-friendly features that don't cut corners. |
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Winner: CoinSpotCoinSpot has streamlined buying crypto instantly, allowing Australians to buy 370+ cryptocurrencies with PayID, credit or debit card with a competitive fee of 1%. |
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Highly commended: eToroeToro continues to simplify investing for Australians with instant purchase fees of 1% on dozens of cryptos. |
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Highly commended: SwyftxSwyftx offers instant access to over 320 cryptocurrencies using PayID, credit or debit card. |
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Winner: CoinstashCoinstash stands out with its innovative DeFi Connector. It gives access to over 1,000 trending altcoins – easily the most of any Australian exchange. |
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Highly commended: CoinSpotCoinSpot offers 370+ coins and tokens, making it one of the best choices for altcoin trading range in Australia. |
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Highly commended: BinanceWith 340+ cryptocurrencies on offer, Binance continues to be a go-to destination for altcoin trading in Australia. |
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Winner: BinanceBinance is committed to innovation and pushing the boundaries of what crypto platforms can offer; if there is such a thing as a crypto super app, this is it. |
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Highly commended: CoinbaseCoinbase recently launched in the Australian market and brings with it an impressive range of features including its well-known "learning rewards" program. |
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Highly commended: KrakenKraken's feature set previously focused on experienced traders, but newer additions such as earning and NFTs appeal to more users than ever before. |
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Winner: BinanceBinance has an advanced spot market with deep liquidity and is one of the only exchanges licensed to provide derivatives to Australian wholesale clients. |
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Highly commended: KrakenKraken's Pro interface provides Australians with up to 5x leverage across 140+ trading pairs, with rich charting tools and advanced order types. |
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Highly commended: CoinbaseCoinbase has brought its "Advanced Trade" feature down under, giving traders easy access to one of the most liquid crypto markets in the world. |
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Here's how our expert analysts assessed Australian crypto trading platforms to pick the 2023 winner.
Selection criteria
We conducted an extensive review of the cryptocurrency market in Australia in late 2022.
We attempted to include all of the platforms that are registered to operate in Australia, provided they met the requirements set by the Australian Transaction Reports and Analysis Centre (AUSTRAC) to serve Australian residents. We then refined this list by applying Finder's due diligence procedures.
The result was 25 cryptocurrency exchanges and brokers who were then measured across 61 individual criteria.
The award for "Best Crypto Trading Platform – Overall" was given to the product that had the highest overall score across all 61 criteria.
All other categories were assessed using different combinations of criteria and weightings which depended on the category. For instance, the Value award upweighted scores based on fee data, and omitted criteria relating to advanced trading products.
For more details on the specific weightings used in each category, read our full methodology.
2023 marks the second consecutive year of Finder's Crypto Trading Platform Awards.
The 2023 program builds on our previous analysis, taking into consideration even more data points and evaluating a larger number of platforms.
Take a look at the 2022 Finder Crypto Exchange Award winners.
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.
Our full methodology explains how we analyse, score and rate crypto platforms for our awards.
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