Best Crypto Exchanges in Australia for 2025

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Adam Woodhead
Adam Woodhead

Adam Woodhead

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Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

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Thomas Drury
Thomas Drury

Thomas Drury

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Seasoned finance professional with 10+ years' experience. Chartered status holder. Proficient in CFDs, ISAs, and crypto investing. Passionate about helping others achieve financial goals.

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Updated 04/01/2025

Quick Answer: What's the Best Crypto Exchange in Australia?

eToro is the best crypto exchange for Australians in 2025, offering a user-friendly interface, excellent security, and innovative social trading features like copy trading. For advanced traders, Kraken provides top-tier tools and high liquidity, while Coinbase remains the go-to for beginners seeking simplicity and security.

Featured Exchange - eToro

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Here Are the 7 Best Crypto Exchanges in Australia for 2025

After testing various platforms, here are the 7 best crypto exchanges for Australians in 2025. These exchanges excel in security, low fees, and user experience, catering to everyone from beginners to advanced traders. Let’s dive into what makes each one unique.

  1. eToro – Best for Social Trading and Copy Trading
  2. Kraken – Advanced Features and High Liquidity
  3. Coinbase – Beginner-Friendly and Highly Secure
  4. Crypto.com – Best for Rewards and Crypto Variety
  5. CoinJar – Australian-Made and Easy to Use
  6. OKX – Low Fees and Advanced Tools
  7. Swyftx – Affordable and Easy to Use

How Do These Exchanges Compare?

When comparing crypto exchanges, Australians should consider fees, features, security, and suitability for their trading goals. Below is a summary of how the top platforms stack up.

PlatformTrading FeesAUD Deposit FeesKey FeatureSecurity FeaturesBest For
eToroSpread (from 0.75%)$0Social trading and copy tradingRegulated, 2FA, cold storageBeginners, Long-term investors
Kraken0.16%-0.26%$0Advanced tools, high liquidityCold storage, audits, 2FAActive traders, Advanced users
Coinbase~1.49%$0Beginner-friendlyInsured, 2FA, cold storageBeginners, Security-conscious users
Crypto.comLow/zero for some tradesVariesCrypto rewards and varietySecure cold storageStaking enthusiasts, Rewards users
CoinJarTransparent pricing$0Australian-made, easy to use2FA, AUSTRAC-compliantAustralian-focused traders
OKX0.10%Low feesAdvanced tools, low feesCold storage, strong encryptionAltcoin enthusiasts
SwyftxTransparent (0.6%-1.0%)$0Affordable, user-friendlyLocal support, encryptionBeginners, Australian users

7 Best Crypto Exchanges

#1 eToro – Best for Social Trading and Copy Trading

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro is my top pick because it makes crypto trading accessible to everyone, especially beginners. Its social trading feature lets you copy strategies from experienced traders, which I’ve found incredibly useful.

Pros & Cons

    • Spreads: Fees range from 0.75% for Bitcoin to higher percentages for altcoins.
    • Deposit Fee: $0 for AUD.
    • Withdrawal Fee: $5.

eToro supports over 75 cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), and XRP. While it lacks niche altcoins, it covers most traders’ needs.

eToro is AUSTRAC-registered, complies with strict regulations, and uses advanced encryption for transactions. Funds are stored in tier-1 banks, and user accounts are protected by two-factor authentication (2FA).

eToro requires a government-issued ID (passport or driver’s licence) and proof of address, such as a utility bill or bank statement. The process is straightforward and takes less than 24 hours.

Kraken logo purple

#2 Kraken – Advanced Features and High Liquidity

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Kraken is ideal for advanced traders like me who value features such as margin trading and futures. It also offers exceptional liquidity for high-volume transactions.

Pros & Cons

  • Trading Fees: 0.16% maker and 0.26% taker (discounted for higher volumes).
  • Deposit Fee: Free for AUD.
  • Withdrawal Fee: Varies by cryptocurrency.

With over 185 cryptocurrencies, Kraken supports both major coins like Bitcoin and niche altcoins like Kusama (KSM). It’s perfect for those seeking variety.

Kraken prioritises security with cold storage for funds, regular audits, and two-factor authentication. I’ve always felt confident leaving funds on the platform.

Kraken requires identity verification through ID documents and proof of residence. Enhanced verification levels allow access to more features, such as higher withdrawal limits.

coinbase logo

#3 Coinbase – Beginner-Friendly and Highly Secure

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When I first started trading, Coinbase was my go-to platform. Its simplicity and security make it an excellent choice for beginners.

Pros & Cons

  • Trading Fees: Around 1.49% for standard transactions.
  • Deposit Fee: Free for bank transfers.
  • Withdrawal Fee: Up to 1% depending on the payment method.

Coinbase offers over 150 coins, including Bitcoin, Ethereum, and Solana (SOL). While it doesn’t support some niche tokens, it’s more than enough for casual traders.

Coinbase is regulated and insured, with 98% of funds stored in cold storage. I appreciate their commitment to security, especially for beginners.

Coinbase asks for ID verification and proof of address. The process is fast, and I completed it within an hour.

crypto.com logo

#4 Crypto.com – Best for Rewards and Crypto Variety

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Crypto.com is a well-rounded platform offering diverse cryptocurrencies and exceptional rewards programs. I personally enjoy their cashback crypto cards and staking options for earning passive income.

Pros & Cons

  • Trading Fees: Tiered fees starting at 0.10%, with discounts for CRO token holders.
  • Deposit Fee: Free for AUD deposits via bank transfer or PayID.
  • Withdrawal Fee: Varies by cryptocurrency (e.g., 0.0004 BTC for Bitcoin).

With over 250 supported cryptocurrencies, Crypto.com offers everything from Bitcoin and Ethereum to niche altcoins like VET and KAVA. It’s ideal for those seeking variety.

Crypto.com takes security seriously, using cold storage for most funds, two-factor authentication, and insurance coverage of up to $750 million for user assets.

Crypto.com requires you to verify your identity by submitting a valid government-issued ID and a selfie. The process is simple and typically completed within 24 hours.

#5 CoinJar – AUS Made and Easy to Use

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CoinJar is an Australian-made platform that offers a simple and seamless experience for local traders. Its support for AUD deposits and withdrawals makes it particularly appealing.

Pros & Cons

  • Trading Fees: Transparent fees starting at 1%.
  • Deposit Fee: Free for AUD deposits via PayID or BPAY.
  • Withdrawal Fee: Free for AUD bank withdrawals.

CoinJar supports 50+ cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin. While its offerings are limited compared to larger platforms, it covers popular options.

As an AUSTRAC-registered exchange, CoinJar complies with local regulations and employs robust security measures, such as two-factor authentication and secure asset storage.

CoinJar requires standard KYC checks, including a government-issued ID and proof of address. The process is tailored for Australian users and is typically completed quickly.

okx logo

#6 OKX – Low Fees and Advanced Tools

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

OKX is a platform I recommend for advanced traders seeking low fees and powerful trading tools. Its wide cryptocurrency offerings are also a huge draw.

Pros & Cons

  • Trading Fees: Starts at 0.10% for spot trading, with discounts for high-volume traders.
  • Deposit Fee: Free for AUD via crypto wallets or third-party providers.
  • Withdrawal Fee: Varies by asset (e.g., 0.0005 BTC for Bitcoin).

OKX supports 350+ cryptocurrencies, including major coins, altcoins, and tokens for DeFi and NFTs. It’s a great platform for exploring emerging assets.

OKX uses advanced security protocols, including multi-signature wallets, cold storage, and real-time monitoring. These features provide peace of mind for traders.

To unlock full features, OKX requires identity verification using a government-issued ID and a photo. The process is smooth and typically completed within a day.

swyftx logo blue

#7 Swyftx – Affordable and Easy to Use

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Swyftx is an Australian favourite for its low fees, easy-to-use interface, and excellent customer support. It’s a great starting point for anyone new to crypto.

Pros & Cons

    • Trading Fees: Transparent, ranging from 0.6% to 1.0%.
    • Deposit Fee: Free for AUD via PayID or bank transfer.
    • Withdrawal Fee: Free for AUD withdrawals.

Swyftx supports over 300 cryptocurrencies, including Bitcoin, Ethereum, and various altcoins. Its range caters to both beginners and seasoned investors.

Swyftx complies with AUSTRAC regulations and uses advanced encryption to protect user data. I also appreciate the platform’s transparency regarding security protocols.

Swyftx’s verification process is tailored for Australian users, requiring ID and proof of address. I found it quick and hassle-free.

What is a Crypto Exchange?

A crypto exchange is a platform where users can buy, sell, and trade cryptocurrencies like Bitcoin and Ethereum. These exchanges act as intermediaries, providing tools and markets for trading. In Australia, platforms often support AUD transactions, ensuring convenience and cost savings.

Why Use a Crypto Exchange in Australia?

Cryptocurrency exchanges are essential tools for buying, selling, and trading digital assets. For Australians, these platforms make it easy to manage crypto investments using AUD and provide access to a broad range of cryptocurrencies.

Low Fees for AUD Transactions

Using a crypto exchange in Australia eliminates expensive currency conversion fees. Most platforms, like CoinJar and Swyftx, support direct AUD deposits via PayID or bank transfers, keeping costs low. I’ve saved a lot by avoiding international transaction fees when trading directly in AUD.

Access to a Wide Range of Cryptocurrencies

Exchanges like Kraken and Crypto.com offer hundreds of cryptocurrencies, from Bitcoin and Ethereum to niche altcoins. Having access to such variety allows Australians to diversify their portfolios. Personally, I’ve used these platforms to explore promising altcoins that aren’t available on local exchanges.

Ease of Use for Australian Traders

Platforms designed with Australian traders in mind, such as Swyftx, feature intuitive interfaces, local customer support, and quick AUD deposits. When I first started, the simplicity of Swyftx’s design helped me feel more confident, even with no prior trading experience.

Factors to Consider When Choosing a Crypto Exchange in Australia

Security

Prioritising security is essential when choosing a crypto exchange. Look for features like cold storage, two-factor authentication (2FA), and comprehensive insurance policies. From my experience, platforms such as Kraken and Swyftx excel in protecting user funds, giving me peace of mind when trading and storing cryptocurrencies.

Fees

Crypto trading fees vary greatly across platforms, so finding one that suits your trading style is crucial. Personally, I prefer platforms with transparent and low trading fees like OKX and Kraken. Always compare deposit, withdrawal, and trading fees to minimise unnecessary expenses.

User Experience

A seamless interface can significantly enhance your trading journey. Beginner-friendly platforms like Coinbase and Swyftx simplify the process, while exchanges such as Kraken cater to advanced traders with sophisticated tools. The right choice depends on your skill level and trading needs.

Market Variety

If you’re keen to explore a wide range of cryptocurrencies, choose a platform that offers extensive options. Exchanges like Crypto.com and OKX provide access to hundreds of coins, including popular ones like Bitcoin and Ethereum as well as niche altcoins.

Customer Support

Reliable customer support is invaluable, especially when troubleshooting account or transaction issues. Platforms with 24/7 assistance, such as Swyftx and Kraken, have proven helpful in my experience, ensuring timely resolution of queries.

By evaluating these factors, you can confidently select a crypto exchange that aligns with your trading preferences while prioritising security, usability, and regulatory compliance in Australia.

Additional Considerations for Australian Users

Australian crypto traders face unique challenges, from taxation to compliance with local regulations. These considerations are crucial for a smooth trading experience.

Taxes: Reporting Crypto Gains and Losses

The Australian Tax Office (ATO) requires crypto traders to report all gains and losses. Keeping detailed records is essential. Some platforms, like Swyftx, offer downloadable tax reports that make compliance easier.

Regulation: Staying Compliant

Using AUSTRAC-compliant platforms ensures you’re trading legally in Australia. I always choose exchanges that adhere to these regulations to avoid risks and ensure my funds are secure.

Conclusion

Crypto trading in Australia is thriving, with exchanges offering low fees, diverse cryptocurrencies, and user-friendly features. From my experience, choosing the right platform depends on your goals—whether you’re a beginner, an advanced trader, or looking for niche coins. Remember to prioritise security, compliance, and fees. Start small, stay informed, and enjoy the journey into the crypto world!

FAQs

Fees vary depending on the platform. eToro charges spreads, Kraken offers low trading fees, and CoinJar provides competitive AUD deposit fees. Always review hidden costs like withdrawal fees, which can add up over time.

Yes, crypto trading is legal in Australia. Exchanges must comply with AUSTRAC regulations, including KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements, ensuring a secure trading environment for users.

You can deposit AUD via bank transfer, PayID, POLi, or debit/credit card. Platforms like eToro, CoinJar, and Swyftx support instant AUD deposits, making it easy for Australians to start trading quickly.

Reputable exchanges like CoinJar and Swyftx are secure. They utilise advanced encryption, store funds in cold storage, and comply with Australian regulations to ensure high safety standards for traders.

Some platforms, like OKX and Crypto.com, offer low or zero trading fees for specific transactions. Always check the fee structure and terms to find the best deal for your trading needs.

Top 5 Exchanges

1

eToro

Capital is at Risk!

 

2

Kraken logo purple

Kraken

Capital is at Risk!

3

coinbase logo

Coinbase

Capital is at Risk!

4

crypto.com logo

Crypto.com

Capital is at Risk!

5

CoinJar

Capital is at Risk!

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Our #1 Rated Crypto Exchange

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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