Best Low Fee Crypto Exchanges in Australia

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Adam Woodhead
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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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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

Discover the best low-fee crypto exchanges for Australians, curated for cost-conscious traders. Whether you’re a beginner or an experienced investor, these platforms offer competitive rates and robust features.

Quick Answer: What Crypto Exchange Has the Lowest Fees?

The crypto exchange with the lowest fees in Australia is Binance. It offers a maker-taker fee structure starting at 0.10%, with further reductions available through tiered fee discounts and payments made using BNB (Binance Coin). This makes Binance the most cost-effective option for both casual and high-volume traders.

 
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Featured Exchange - Binance

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The Top 4 Crypto Platforms with the Lowest Fees

Here are the top 5 crypto exchanges for Australians in 2025:

  1. Binance: Best for global liquidity and low trading fees.
  2. Swyftx: Ideal for beginners with AUD integration.
  3. Independent Reserve: Perfect for secure, high-volume trading.
  4. CoinSpot: Best for a wide variety of cryptocurrencies.

Comparison of the Top 5 Low-Fee Crypto Exchanges in Australia

Here’s a detailed comparison of the top low-fee exchanges for Australians in 2025:

RankPlatformTrading Fees (Maker/Taker)Deposit FeesWithdrawal FeesSupported CryptosKey Features
#1Binance0.10% / 0.10% (less with BNB)Free for AUD deposits via PayID$1.50 AUD for bank transfers350+Advanced tools, global liquidity, tiered fee discounts.
#2Swyftx0.60%FreeFree320+Beginner-friendly UI, AUD integration, transparent fees.
#3Independent Reserve0.5%-0.02% (tiered)Free for AUD deposits via bank transferVaries by method25+Institutional-grade security, competitive tiered fees.
#4CoinSpot1% (instant buy/sell), 0.1% (market orders)Free for AUD deposits via PayIDFree370+User-friendly, supports the widest range of cryptocurrencies.

Quick Outlook for 2025

The Australian crypto market is expected to grow exponentially, driven by increasing adoption and improved regulatory clarity. Platforms like Independent Reserve and CoinSpot continue to cater to Australians with low fees, user-friendly interfaces, and AUD support.

 

Key trends for 2025 include:

 

1. Fee Optimisation: Exchanges will continue to refine their fee structures for cost-conscious users.

2. Enhanced Security: Increased focus on safeguarding assets amid rising cyber threats.

3. Multi-Asset Trading: Support for trading not just crypto but also tokenized stocks and commodities.

Best Low-Fee Crypto Exchanges

binance logo

#1 - Binance

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Binance employs one of the most competitive fee structures in the crypto trading market. Its spot trading fees start at 0.10% for both makers and takers, which can be further reduced to 0.075% if you pay fees using Binance Coin (BNB). The platform also uses a tiered discount system based on your 30-day trading volume and BNB holdings. High-volume traders or users holding significant amounts of BNB can achieve trading fee reductions as low as 0.02%.

Additionally, Binance provides zero fees for AUD deposits via PayID/OSKO and supports multiple fiat payment methods. Withdrawals are highly affordable, costing $1.50 AUD per transaction. These low costs make Binance a top choice for traders looking to optimise their profits.

Highlights of Binance’s Fee Structure:

  • Base spot trading fee: 0.10%.
  • Discounts for BNB holders and high-volume traders.
  • Free AUD deposits and minimal withdrawal fees.

Absolutely, Binance is an excellent choice for Australians. Beyond its low fees, Binance is a comprehensive platform offering advanced trading features like margin trading, futures, staking, and savings. The platform supports 350+ cryptocurrencies, giving Australian users access to a wide variety of assets for diversification.

Binance is also highly regarded for its liquidity, ensuring that Australian traders can execute large transactions without experiencing significant slippage. Furthermore, Binance’s mobile app and intuitive interface make it accessible for traders of all experience levels.

For those concerned about security, Binance has implemented state-of-the-art safety measures, including SAFU (Secure Asset Fund for Users), which acts as an insurance policy against potential losses due to hacks.

Why Binance is great for Australians:

  • Extensive AUD payment support, including PayID and bank transfers.
  • Competitive fees, especially for high-volume traders.
  • Access to advanced tools and a broad selection of cryptocurrencies.
swyftx logo blue

#2 Swyftx

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Swyftx has one of the simplest and most transparent fee structures among Australian crypto exchanges. It charges a flat trading fee of 0.6%, which is competitively low for casual traders. Unlike some platforms, Swyftx avoids hidden costs by offering real-market spreads rather than inflated ones.

Another advantage of Swyftx is its zero-fee policy for AUD deposits and withdrawals. This includes popular deposit methods like PayID, POLi, and bank transfers, making it a cost-effective option for Australian users.

Key advantages of Swyftx fees:

  • 0.6% flat trading fee.
  • No deposit or withdrawal fees for AUD transactions.
  • Transparent pricing with no hidden costs.

Yes, Swyftx is highly suited to Australians, particularly beginners and casual traders. Designed with Australian users in mind, it supports AUD deposits and local payment methods like PayID and POLi, allowing seamless access to crypto markets.

The platform offers a user-friendly interface with features such as a demo mode, enabling users to practice trading without risking real funds. Swyftx also provides excellent customer support via live chat, email, and phone, which is rare among crypto exchanges.

With over 320 cryptocurrencies available, Swyftx offers ample trading options, and its comprehensive tax reporting tools ensure compliance with Australian regulations.

Why Swyftx stands out for Australians:

  • AUD integration and localised features.
  • Demo mode for beginners to practice trading.
  • High level of customer support.

#3 Independent Reserve

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Independent Reserve uses a tiered fee structure that benefits high-volume traders. The standard fee starts at 0.5%, but this decreases incrementally based on your 30-day trading volume. For traders with volumes exceeding $1 million AUD, fees can drop as low as 0.02%, making it one of the most cost-effective platforms for professional and institutional traders.

The exchange also charges zero fees for AUD deposits via PayID or bank transfer, which simplifies fiat onboarding for Australian users. Withdrawal fees are minimal, ensuring cost-effective access to your funds.

Highlights of Independent Reserve’s fees:

  • Tiered trading fees, starting at 0.5% and reducing to 0.02%.
  • Free AUD deposits for seamless funding.

Yes, Independent Reserve is particularly suited for Australian traders seeking a secure and regulated platform. The exchange is AUSTRAC-registered, ensuring full compliance with Australian financial laws. Its high-security standards include insurance coverage for digital assets, multi-signature wallets, and cold storage.

In addition, Independent Reserve caters to institutional traders with advanced order types and API integrations for automated trading. While it supports a smaller selection of cryptocurrencies (25+ coins), it focuses on high-quality, reputable assets.

Why Independent Reserve is ideal for Australians:

  • AUSTRAC-regulated and compliant with local laws.
  • Institutional-grade security and trading features.
  • Cost-effective for high-volume traders.

#4 CoinSpot

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CoinSpot uses a straightforward fee model, charging a 1% fee for instant buy/sell trades. However, users looking to save on costs can leverage market orders, which attract a significantly lower fee of 0.1%. This makes CoinSpot competitive for traders who actively use its advanced trading features.

For deposits, CoinSpot supports fee-free AUD funding via PayID, POLi, or direct bank transfer. Withdrawals in AUD are also free, enhancing its appeal for Australian users.

Key highlights of CoinSpot’s fee structure:

  • 1% instant buy/sell fee, reduced to 0.1% for market orders.
  • Free AUD deposits and withdrawals.

Yes, CoinSpot is a highly accessible platform for Australians, especially beginners. Its intuitive interface makes it easy to buy, sell, and manage cryptocurrencies without a steep learning curve.

CoinSpot offers an extensive range of cryptocurrencies, with over 370+ coins available, making it one of the largest selections in Australia. It’s also known for its focus on security, featuring ISO 27001 certification, which is rare among crypto exchanges.

For users who value simplicity and variety, CoinSpot stands out as an ideal choice.

Why CoinSpot is great for Australians:

  • Perfect for beginners with an easy-to-use interface.
  • Largest selection of cryptocurrencies in Australia.
  • Free AUD deposits and ISO-certified security.

What Are Low-Fee Crypto Exchanges?

Low-fee crypto exchanges are platforms that minimise transaction, deposit, and withdrawal costs, enabling traders to maximise their returns. In Australia, such exchanges also support AUD payments, avoiding the need for costly currency conversions.

Why Are Fees Important When Trading Crypto?

Fees directly impact your profit margins. For example, frequent trades on a high-fee platform can erode your gains. Low fees are particularly vital for day traders and high-volume investors who transact regularly.

Key Features to Consider When Choosing a Crypto Exchange

When selecting a crypto exchange, fees are just one part of the equation. Here are additional features to evaluate:

What Should I Look for in a Crypto Exchange Beyond Fees?

  1. Security: Look for features like cold storage, two-factor authentication, and insurance policies.
  2. User Experience: Is the interface beginner-friendly? Does it provide seamless mobile access?
  3. Customer Support: Choose platforms with responsive 24/7 support.
  4. Cryptocurrency Options: Ensure the platform supports the coins you wish to trade.
  5. Regulatory Compliance: Verify that the exchange complies with Australian regulations for added safety.

Conclusion

The Australian crypto trading landscape in 2025 offers plenty of low-fee options tailored to different trading needs. Whether you’re a beginner exploring crypto or an experienced trader managing large portfolios, platforms like Binance, Swyftx, Independent Reserve, and CoinSpot provide robust, low-cost solutions.

 

Final Recommendations:

  • Use Binance for global liquidity and low fees.
  • Choose Swyftx if you’re new to crypto and want a user-friendly platform.
  • Opt for Independent Reserve for secure, high-volume trading.
  • Go with CoinSpot if you’re looking for a wide range of cryptocurrencies.

 

By selecting the right platform, you can maximise your returns while enjoying a seamless trading experience.

FAQs

Binance is the cheapest exchange, with fees as low as 0.10% for spot trading and free AUD deposits.

Yes, as long as you choose reputable platforms like Swyftx, Independent Reserve, or Binance, which implement high-security standards.

Swyftx is highly recommended for beginners due to its simple interface, educational resources, and localised support.

Yes, all the mentioned exchanges (Binance, Swyftx, Independent Reserve, CoinSpot) support AUD deposits, withdrawals, and trading pairs.

Top 4 Low Fee Exchanges

1

binance logo

Binance

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

2

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Swyftx

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3

Independent Reserve

 

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4

Coinspot

Capital is at Risk!

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Our #1 Rated Crypto Exchange

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