9 Best Crypto Exchanges In Australia For 2025 [Controversial]

I’m going to get a lot of hate for this, but the crypto exchange reviews you see online aren’t being honest with you. They bombard you with meaningless facts, but they stop short of telling you what matters most.

Do you care that Alex Harper and Angus Goldman founded Swyftx?

I certainly don’t. It’s irrelevant.

These reviews keep you stuck in analysis paralysis, as you try to decide on the best crypto trading platform.

Meanwhile, the Bitcoin price keeps marching upwards.

In this guide, I ranked and reviewed the 9 best Australian crypto exchanges and highlighted my #1 choice for October 2025, so that you can start buying Bitcoin and your favourite altcoins sooner.

But before I unpack each crypto exchange in detail, here are my controversial discoveries that the crypto platforms don’t want you to know:

Let me reiterate before I get stuck into comparing the platforms: don’t get distracted by irrelevant details.

Coinspot is headquartered in Melbourne, while Coinbase is 100% remote.

Meaningless.

Kraken offers 480 currencies while Swyftx offers 440.

A distraction.

What matters are the following 5 criteria – in their order.

*Complete criteria available at the bottom of the article.

1. Coinbase Advanced.

Best overall crypto exchange in Australia.

People love to hate Coinbase.

I know I did.

Yet, it’s the biggest crypto exchange in the US.

And second only to Binance worldwide when measured by trading volume.

It’s also publicly traded. Yes, you can see snazzy SEC filings and quarterly reports – if that makes you feel safer.

Regulatory misdemeanours?

UK’s FCA fined Coinbase $3.5m in 2024 for minor regulatory breaches. And it’s been in a battle with the SEC in the US for quite a few years. But it looks like it’s a battle they may win.

Years Operating	13
Any Hacks?	Yes, in 2025 and 2021
Lawsuits?	Yes, minor (2024).
Proof Of Reserves?	No
Publicly Traded?	Yes
Cold Storage?	Yes
Funds Insured?	$255m
ISO 27001 Certification?	No

Coinbase has also suffered two hacks. Most recent, in 2025, was a minor data leak that exposed less than 1% of its customer accounts.

The more concerning incident happened in 2021, when hackers bypassed 2FA on 6,000 Coinbase accounts to steal funds.

Coinbase does flex its $255 insurance policy, but it only covers funds that sit on the exchange’s hot wallets.

Less than 5% of the exchange’s assets ever sit in these, so the odds of you needing to trigger this cover are low.

Last but not least, Coinbase doesn’t offer a Proof Of Reserves, nor does it hold the sexy ISO 27001 certification.

Pros.

You’re greeted by an easy signup process – the smoothest among all crypto exchanges in this review.

Coinbase offers you two tiers:

I never use the standard Coinbase for the same reason I always use Kraken Pro instead of standard Kraken (see below). The fees are outrageous.

The default login is into the standard Coinbase, which tempts you with a big “Buy” button. Be careful with this one.

Since you’re not interacting directly with the order book, you’ll pay a terrible spread (usually 2%) on top of platform fees.

Besides, the interface isn’t as advanced as the name implies.

Fees at Coinbase Advanced are roughly 15-40% higher than on the absolute cheapest crypto exchange in Australia – Kraken Pro. )

But they’re balanced by the exchange’s 2X larger trading volume and 20% more liquidity.

And they’re still very low.

And they’re far cheaper than what you get on Swyftx and eToro.

Coinbase rewards you nicely for two things:

30-Day Trading Volume	Maker (Limit Order)	Taker (Market Order)
$0 +	0.60%	1.20%
$1,000+	0.35%	0.75%
$10,000 +	0.25%	0.40%
$50,000 +	0.15%	0.25%
$500,000 +	0.10%	0.20%

Above: Coinbase Advanced uses a maker/taker model with volume discounts.

What you see in the table above is what you’ll pay. Coinbase Advanced doesn’t charge a spread on top of this fee.

Notice the huge discount you can obtain by avoiding Market orders and trading a decent volume.

A Market order at the first tier attracts a hefty 1.2% fee. Meanwhile, a Limit order at $1,000 volume attracts a measly 0.35%.

You get the usual AI-powered chat within the interface.

But if you want to speak with a human, you can say “speak with a human agent” and the app will acquiesce.

When I tested this feature, I was connected to a support team member in under 1 minute.

She definitely wasn’t based in Australia – judging by her somewhat canned and overly gushy tone – but that’s a minor quibble. She was competent and eager to help.

Cons.

Coinbase’s mobile app is starting to show its age. It looks overdue for an update – especially when compared side-by-side with eToro’s and Kraken’s sleek apps.

As I said elsewhere in this article, I haven’t placed much emphasis on UX in this review – because I expect it to be excellent. We’re in 2025, people.

But I felt that Coinbase’s app deserved mention. It needs to pull up its socks.

(Its desktop app, however, is outstanding).

In theory, you get zero trading fees (up to a certain limit, depending on your monthly fee), a staking rewards boost and a few other minor perks.

But that’s not worth it, as it only applies to trades with standard Coinbase.

So you’ll overpay on nasty spreads – only to have the privilege of trading fees removed in exchange for a monthly retainer.

No thanks.

It’s the only blemish on an otherwise impressive safety record (the 2025 hack led to a loss of some customer data – not funds – so I’m less concerned about it).

Verdict.

Coinbase Advanced is the best crypto trading platform in Australia.

(Standard Coinbase, meanwhile, is very convenient, but overpriced. I’d avoid it at all costs – unless I was a total crypto newb who is terrified of technology).

Toggle Advanced on in the bottom left corner of the Coinbase interface after logging in to unlock low fees and a more powerful trading interface.

You’ll pay less than 0.35% on most trades (assuming Maker orders, trading volume of above $1,000/month), which is very competitive. Not as low as what you get with Kraken Pro, but close.

And you get far more liquidity.

✔ Publicly listed exchange
✔ Huge liquidity
✔ Low fees with maker/taker fee model (around 0.5%).
✘ Not as cheap as Kraken Pro
✘ Had a security breach

How Coinbase Advanced Stacks Up	Score
Crypto Assets	5.0
Fees	4.5
App & Platform Usability	4.5
Safety & Transparency	4.0
Customer Service	4.5
Research And Analysis Tools	4.5
OVERALL	4.5

2. Swyftx.

Best crypto platform for absolute beginners.

Founded 7 years ago in 2017, Australian-based Swyftx has never reported a hack or a lawsuit.

Mazel tov!

Like Coinbase, it doesn’t insure your funds, nor is it a publicly traded company.

But it does hold the coveted ISO27001 certification and offers a Proof of Reserves.

Years Operating	7
Any Hacks?	No
Lawsuits?	No
Proof Of Reserves?	Yes
Publicly Traded?	No
Cold Storage?	Yes
Funds Insured?	No
ISO 27001 Certification?	Yes

Pros.

Signup process is painless. Just have your Australian license or passport ready, and you’ll be up and running within 15 minutes.

I prefer Coinbase’s and Kraken’s – by a slight margin – because they look cleaner. But all are equally easy to navigate (and eToro’s is even easier – see below).

Swyftx won’t charge you fees to make deposits and withdrawals, and offers the usual on / offramps – direct bank transfer, PayID, OSKO.

You can also use VISA debit cards, but will get stung with a 1.895% fee (Only financially illiterate people do this).

But let’s talk about the juicy stuff – Swyftx’s trading fees.

Higher than Coinbase’s, they’re reasonable – but not for everyone. You’ll pay:

I don’t love this model, but I take my hat off to Swyftx for making the spreads transparent. You can easily look them up on this page.

For your convenience, below are a few spreads you can expect to pay (correct as of 19 September 2025).

Bitcoin	1.02%
Ethereum	1.28%
Cardano	1.57%
Solana	2.08%
Uniswap	2.09%

As a rough guide, you’ll pay between 1.6% and 2.7% total fee each side for mainstream coins, and up to 5% per side for more exotic pairs.

But because I dollar-cost-average and hold my assets, I don’t find these fees to be a deal-breaker.

Swyftx offers discounts on trading fees for high-volume traders, but these are borderline laughable for two reasons:

Swyftx used to offer both phone and ticket support, but in early 2025 switched to live chat support only.

Powered by Intercom, it makes you jump through a couple of small AI bot hoops before connecting you with a human support agent.

Their responses are on point, and their English is fluent (and not robotic).

Wait times are usually 15 minutes or less. 

And they always follow up to make sure you’re happy. Great touch, Swyftx.

Cons.

Swyftx’s main downside is its moderately high fees, which I’ve unpacked in the section above. Apart from that, I only have one (minor) complaint.

Like Coinbase Advanced, Swyftx doesn’t give you access to stocks or ETFs. Copy trading and margin trading aren’t available, either.

Overall.

Swyftx is the best choice for people just starting in the cryptocurrency market.

The reasonable 0.6% + spread fee model, simple interface and outstanding Australian-based support make it appealing to people willing to pay slightly higher fees in exchange for convenience.

However, if you’re an experienced trader seeking more than just buying and selling options, you’re better off with Coinbase Advanced.

✔ Never been hacked or sued
✔ Transparent 0.6% + spread fee model
✔ Intuitive single interface
✘ 0.6% + spread fees are on the higher side.
✘ No access to margin, copy trading or equities.

How Swyftx Stacks Up	Score
Crypto Assets	4.5
Fees	4.0
App & Platform Usability	4.5
Safety And Transparency	5.0
Customer Service	5.0
Research And Analysis Tools	4.0
OVERALL	4.5

3. eToro.

Best crypto broker for building a diversified portfolio.

eToro ranks high in my review of top crypto exchanges because it’s the only platform here to offer copy trading features and access to stocks, ETFs, commodities and futures).

10,000 other assets, to be exact. But I’m getting ahead of myself.

But the platform reported one data leak in 2020 that resulted in the sale of customer data from 62,0000 accounts on hacking forums. Another minor DDoS attack also happened back in 2009.

Years Operating	18
Any Hacks?	Yes, in 2020 and 2009
Lawsuits?	Yes (but not in relation to crypto).
Proof Of Reserves?	No
Publicly Traded?	No
Cold Storage?	Yes
Funds Insured?	$1m (insolvency)
ISO 27001 Certification?	Yes

ASIC sued eToro in 2023 – but not over crypto.

Like Kraken, eToro got a little too excited about pushing leveraged products (CFDs) to Aussie punters. ASIC gave it a good old-fashioned slap on the wrist and a stern warning.

The platform doesn’t offer Proof Of Reserves, nor is it publicly traded.

But it keeps your funds offline in cold storage while holding the ISO 27001 certification.

$1m insurance may give you peace of mind, but it doesn’t protect you against data breaches. It covers you against the unlikely event of eToro’s insolvency.

Pros.

No other platform on this list makes joining and trading as simple as eToro.

There’s something almost toy-like about eToro’s UI. It looks more like a social media platform than a ‘serious’ money-making tool.

eToro’s target audience is time-poor beginner investors not willing to wade through endless questions during signup.

Nor are they planning to learn Fibonacci retracements or stepwise regressions.

Rather, they sign up to eToro for its flagship feature – copy trading.

eToro’s flagship feature, however, is copy trading.

This is the reason you’re paying (the somewhat hefty) 1% to trade crypto on the platform. In addition to the modest (0.75%-2%) spread on most coins.

Copy trading allows you to mimic the moves of successful (often professional) investors on eToro.

Why do I love this feature?

Time.

Saving of time, specifically.

I don’t pretend to be a sophisticated investor, and I have better things to do with my life than obsess over resistance and support levels.

eToro’s second major selling point is its access to the world of equities. You don’t need to manage your stock and crypto portfolios separately. Everything can live under one roof.

Cons.

One of eToro’s most significant disadvantages for Australian investors is the need for currency conversion.

eToro’s base currency is USD, so Australian users pay a hefty FX spread of 1.5% when depositing AUD.

The good news? I discovered two little-known hacks for avoiding this fee.

The first reduces your fees to zero as your portfolio grows.

The second bypasses the fee altogether.

Instead of depositing AUD into my eToro account from my Australian bank account, I do this:

Revolut has multiple pricing tiers (from $0 to $29/month), and these determine monthly transfer limits and fee discounts.

But these are far lower than eToro’s currency spreads. On top of its 1% crypto fee. On top of its crypto spreads.

eToro also falls behind dedicated crypto exchanges in the number of cryptocurrencies on the menu.

Kraken, Coinbase and Swyftx offer 400+ of coins, but eToro offers only about 100.

Last but not least, eToro’s customer support is good – but limited to email/ticket mode only. No live chat option at all. You’ll likely have to wait overnight to get a response.

Overall.

eToro is an oddball in this group. First, it’s not a crypto exchange at all. It’s a stock trading platform that also offers access to crypto markets.

Moreover, it’s a stock trading platform with best-in-class copy trading features.

And herein lies its appeal.

It uniquely offers something no other crypto exchange does – copy trading features that save you time.

Rather than endlessly looking for the right coin to buy at the right time in the cycle, you can choose an investor you trust (their historical metrics are available for all to see) and delegate your investing decisions to them.

Best of all, you’re not limited to crypto. eToro can be the one-stop-shop for all of your tradable assets. These include equities, futures, options and commodities.

✔ Copy trading features
✔ Excellent security credentials
✔ Access to 10,000 assets apart from crypto
✘ Hefty currency conversion fee on every deposit (I show you how to dodge it above).
✘ Ticket-based customer support

Disclaimer: Crypto assets are unregulated & highly speculative. No consumer protection. Capital at
risk.

How eToro Stacks Up	Score
Crypto Assets	3.5
Fees	4.0
App & Platform Usability	5.0
Safety And Transparency	5.0
Customer Service	3.5
Research And Analysis Tools	3.5
OVERALL	4.1

4. Kraken Pro.

Great all-rounder with low fees.

Founded in 2011, Kraken is one of the oldest crypto exchanges in the world.

It’s also one of the safest. If not THE safest.

The former, brought by the SEC, was later dropped with no admission of wrongdoing. It was later described as a “politically motivated campaign” by Kraken.

The latter suit, won by ASIC, alleged that Kraken was promoting its margin lending product too enthusiastically.

A minor regulatory quibble in my view.

Years Operating	14
Any Hacks?	No
Lawsuits?	Yes, minor (2023 and 2024)
Proof Of Reserves?	Yes
Publicly Traded?	No
Cold Storage?	Yes
Funds Insured?	No
ISO 27001 Certification?	Yes

Your funds are not insured, but that’s pretty standard in the crypto space. Only Coinbase offers this as a perk.

Kraken is not a publicly traded company, so you don’t get access to SEC filings, but it does offer Proof of Reserves – arguably a better security measure.

It means an independent accounting firm confirms that the platform holds the assets it claims on behalf of clients.

It’s an international gold standard for security management.

Pros.

The account setup process is streamlined. You jump through a couple of KYC hoops (personal details, photo ID and mugshot) and you get full access to the crypto trading platform.

Expect it to take 15 minutes max.

All the usual free AUD onramps and offramps are available – PayID, Bank Transfer/Osko, or BSB/Account Number.

Speaking of fees, Kraken’s are out-bloody-standing. They’re:

I’ll talk about fees in detail in a moment, but before I do, a strong recommendation –

The best thing is – as with Coinbase Advanced, it doesn’t cost you anything extra. You simply have to log in to it.

Here’s the fee breakdown on Kraken Pro. The higher your trading volume is, the more you’ll save:

30-Day Trading Volume	Maker (Limit Order)	Taker (Market Order)
$0 +	0.25%	0.40%
$10,000 +	0.20%	0.35%
$50,000 +	0.14%	0.24%
$100,000 +	0.12%	0.22%

Above: Kraken offers even larger volume discounts, all the way up to $0 fees for $100m volume. Yep, if you’re a baller placing $100m of maker orders every month, you won’t pay any fees at all.

If you qualify as a wholesale investor, Kraken will offer you margin trading on FIAT currency.

But this isn’t available to crypto bros working full-time as baristas.

You’ll need to pass a high means test (assets of at least $2.5m or a salary of $250K for 2+ years).

Or you need to be a licensed finance professional.

But if you wish to trade crypto on margin (e.g., borrowing ETH to open a 4X long position on BTC), no further checks are required.

Kraken charges between 0.01% and 0.02% of the order value to open a margin trade. Plus the same amount again as rollover fees every 4 hours.

If this sounds over your head, it probably is. Stick to trading non-leveraged long positions.

I personally never dabble in leveraged trading, as I find it too risky.

Cons.

Like standard Coinbase, the standard Kraken is expensive. You’ll pay a 1% trading fee plus spreads. Yes, the simple trading interface is tempting, but you get ripped off.

You may be tempted to sign up to Kraken+, which is a subscription that offers reduced fee trading and other perks on standard Kraken.

Don’t.

You’ll pay $4.99/month to waive fees on up to $10K in trading volume – but you’ll still pay hidden spreads.

Unnecessarily.

Kraken offers AI live chat support that can route you to a human support agent.

I tested it with a classic “speak with a human” request. It did – eventually – but made me jump through quite a few annoying qualifying questions.

But once connected, Kraken’s human support agent was competent and enthusiastic. No complaints.

My last complaint is that Kraken’s website promises the ability to buy stocks and ETFs.

That would be excellent, as it’d allow us to use a single platform for both equities and crypto assets.

Verdict.

Kraken Pro is one of the best crypto trading platforms in Australia. It’s definitely the cheapest.

Its mobile app is excellent – and far better than Coinbase’s and Swyftx’s.

Its security credentials are top-notch, and the platform has never been hacked (this is rare).

But the real hook? The rock-bottom fees.

I can’t think of any other crypto exchange that will charge me only 0.4% for a market order. Or an even more ridiculous 0.25% for a limit order.

✔ Never been hacked
✔ Rock-bottom fees on Kraken Pro
✔ Intuitive interface
✘ Stock trading is not available in Australia
✘ Kraken+ is pointless (just use Pro)

How Kraken Pro Stacks Up	Score
Crypto Assets	4.0
Fees	5.0
App & Platform Usability	5.0
Safety And Transparency	5.0
Customer Service	4.5
Research And Analysis Tools	4.0
OVERALL	4.5

5. Coinspot.

Easy to use, but unnecessarily expensive.

Aussie traders searching for the best Australian crypto exchange can’t ignore CoinSpot.

Melbourne-based and founded in 2013, CoinSpot has earned a reputation for providing a “safe as houses” crypto trading environment.

Pros.

CoinSpot has some of the best security measures in the business to ensure your money and cryptoassets are secure.

I love that CoinSpot looks after Aussie crypto traders by supporting inexpensive local payment methods.

Some crypto apps on this list (see below) operate in USD or charge deposit fees for AUD deposits.

However, CoinSpot offers free AUD deposits through PayID, POLi, and EFT bank transfers.

Staking is also available.

You can stake 21 coins to make passive income through crypto interest. The cryptos in the CoinSpot Earn Program (fancy name for staking on CoinSpot) include – but are not limited to –

Into NFTs?

No problem.

CoinSpot offers you access to the vast NFT marketplace OpenSea. You can buy and sell NFTs using digital currencies in your crypto wallet.

This is a huge bonus compared to competitor crypto exchanges that require certain coins or fiat currencies for NFT purchases, and triggering hefty currency exchange fees in the process.

This exchange’s desktop site and mobile apps offer intuitive, uncluttered dashboards that make learning the ropes easy and getting help when needed.

Users can chat with customer support 24/7 and submit service tickets through the Help Desk.

Cons.

Coinspot charges a low 0.1% commission on market orders. But this is misleading. A huge (often 2%+) spread is baked in on top.

CoinSpot is also not the best option for advanced traders looking to create a diversified portfolio of CFDs, shares or ETFs.

Only crypto assets are available. Leverage on crypto assets isn’t available, either.

However, users cannot use an international card, American Express card, crypto debit card, or prepaid card as a payment method on CoinSpot.

Using a debit or credit card also includes a fee of 2.58%, the highest deposit fees on this platform.

Overall.

Coinspot is a decent exchange for beginner and intermediate traders. Experienced traders, however, may desire more features.

And you’ll overpay on fees.

For example, if you’re building a sophisticated portfolio and need to keep all your assets (both crypto and stocks) under one roof, eToro is the better choice (see below).

✔ Easy to use interface
✔ Fantastic range of tradable crypto assets
✘ High fees (hidden under 0.1% fee BS)
✘ Crypto assets only. No access to equities, futures, CFDs or options

How CoinSpot Stacks Up	Score
Crypto Assets	4.5
Fees	3.0
App & Platform Usability	5.0
Safety And Transparency	4.5
Customer Service	4.0
Research And Analysis Tools	3.5
OVERALL	4.4

6. ByBit.

Excellent crypto platform for advanced traders.

If you have experience trading crypto and need the best crypto app for derivatives trading and margin trading, ByBit is an excellent choice.

Founded in 2018, ByBit offers Aussie traders a unique cryptocurrency exchange with margin trading and derivatives trading opportunities.

You enjoy a full suite of trading tools and features, including a copy trading program, an NFT market, and a Rewards Hub where you can earn cash awards for completing specific tasks.

Pros.

ByBit was created as a derivatives trading platform and has grown into a popular crypto exchange with more than 2 million registered accounts.

This crypto exchange is #3 on my list of the best cryptocurrency apps in Australia mainly due to its margin trading capabilities.

Advanced traders with high risk tolerances should consider this platform for margin and derivatives trading opportunities.

Not many crypto exchanges offer margin trading, and those that do often have low leverage maximums of 5x to 20x.

Experienced traders seeking insight into cryptocurrency price movement without owning coins can trade in crypto derivatives. ByBit offers:

The derivatives market on ByBit includes more than 150 available contracts.

ByBit expanded users’ trading abilities in 2021 when it began offering spot trading.

This addition was a natural response to popular demand, with many other exchanges offering a crypto spot market. ByBit provides more than 220 coins users can trade against USDT.

Cons.

Australian traders must use ByBit’s fiat gateway to buy the USDT, BTC, and ETH to be traded on the marketplace.

Luckily, the fiat gateway accepts many deposit methods, including Google Pay, Apple Pay, Samsung Pay, Visa, Mastercard, bank transfer, PayID, and more.

Before purchasing the fiat gateway, review the service provider and their fees to manage your expectations.

This exchange lacks the regulation of other crypto apps, which means riskier trading for users.

Lack of regulation means users do not need to verify their identities before buying and selling crypto on the exchange.

Although ByBit doesn’t require verification, it does restrict withdrawals and deposits for users who have yet to pass a KYC (know your customer/client) check.

Users can pass a level one check with a government-issued ID and a selfie and a level two check with proof of address, such as a bank account statement or utility bill with their name and address.

Lastly, ByBit doesn’t offer fiat currency markets, so investors who want to trade in fiat-based assets may choose another exchange.

Overall.

ByBit is a top exchange for traders interested in crypto derivatives and margins.

Beginner traders may not prefer this platform’s complexity, but experienced traders enjoy its variety of highly scalable trading instruments and customisable, robust trading interface.

Users can trade on desktops or on the go through the high-performance mobile app available on Android and iOS, hailed by many as the best crypto trading app for Australian traders.

I recommend ByBit to crypto traders with some experience who want to explore trading opportunities beyond spot trading and enjoy competitive trading fees.

✔ Access to 100X leverage
✔ Low fees
✘ Clunky funds deposit process

7. Binance.

Great for advanced traders, but hard to trust after its legal troubles.

Experienced crypto traders who want access to the largest crypto exchange in the world by trading volume look to Binance, an exchange platform launched in 2017.

Many users consider this well-known crypto exchange the best cryptocurrency app in Australia: it supports more than 600 cryptocurrencies and has a list of trading features, including spot trading and futures trading.

Pros.

The main differentiator for Binance is its size.

This cryptocurrency exchange boasts more than 120 million registered users and a massive 24-hour trading volume of $38 billion.

Traders on Binance don’t have to worry about limited liquidity or a lack of trading opportunities with hundreds of cryptocurrencies on the platform.

This crypto exchange also offers a wide range of trading features, including spot trading, margin trading, P2P trading, futures trading, derivatives trading, and staking.

Users can use staking options to earn interest on idle coins through the Simple Earn feature.

Traders on this platform can also buy and sell NFTs or mint their own NFTs on the NFT marketplace.

With a Visa card from Binance, users can spend their held crypto at more than 60 million merchants around the globe and earn 8% cash back on eligible purchases.

This card doesn’t include annual fees, foreign exchange fees, or ATM withdrawal fees.

Binance sets itself apart from other crypto apps in Australia by providing three interface options:

Finally, I must address Binance’s impressive response to the 2019 cyber attack that stole $40 million of Bitcoin from the platform.

It’s fair to assume Binance would not still be the largest crypto exchange in the world had the company not illustrated its willingness to protect users from financial loss.

Cons.

Binance does fall short in some regards as an Australian cryptocurrency exchange.

Traders in Australia don’t have access to the platform’s margin trading features, so Aussie traders looking for this feature may want to choose another crypto exchange like ByBit.

The Binance app is also not the most user-friendly platform for new crypto traders with little to no experience.

However, if you have the time and motivation to learn a somewhat complex platform, Binance is a full-featured exchange with low trading fees and a vast selection of cryptocurrencies.

Some reviewers report losses due to phishing scams on the platform. Unfortunately, scammers exist on every investment platform, not just crypto exchanges.

Lastly, Binance is licenced to provide crypto exchange services to Australia by the Australian Transaction Reports and Analysis Center (AUSTRAC) but lacks registration with other regulatory bodies in Australia.

Overall.

If you join the hundreds of millions of users on Binance, you can access your account on your computer or through the mobile app on your Android or iOS device.

Traders who make many daily trades enjoy this platform’s wide variety of trading features, low trading fees, and deep liquidity.

You can expand your crypto trading opportunities with this trusted crypto app.

If you’re an experienced crypto trader looking for advanced features and frequent trading within a very liquid marketplace, Binance is your best crypto exchange.

8. Crypto.com.

Trusted, large brand – but too expensive.

Another excellent choice for high security and trading feature variety is Crypto.com. You may try this crypto app if you’re looking for a beginner-friendly global exchange with 0% buying and selling commission fees.

Crypto.com was founded in 2016 and has quickly grown to one of the top crypto exchanges with more than 70 million worldwide users.

I couldn’t create a list of the best crypto apps without including this one due to its sheer variety of crypto assets and other perks, like the Crypto.com Visa Card and great staking options available to Australian users.

Pros.

One of the main benefits of Crypto.com is the Visa Card, a prepaid card available to users staking the exchange’s token, CRO. The more money the user has staked in CRO, the better the perks.

Potential perks include cashback and rebates on Spotify, Netflix, Prime, and more.

Other benefits of this crypto app include the following:

Users with questions and concerns can contact customer support through email and live chat. Like other exchanges on this list, reviews on customer service quality vary.

Cons.

Crypto.com suffered a major hacking event in 2022, making some users hesitant to use this exchange. Since the attack, the company has reportedly improved its security.

Other drawbacks of Crypto.com include the following:

If you want to purchase crypto coins and other assets using your desktop computer, Crypto.com isn’t the best cryptocurrency exchange in Australia.

Users spending AUD must use the Crypto.com mobile app for Android and iOS due to a lack of support on the desktop version.

Overall.

Despite its accessibility limitations for Aussie traders, Crypto.com offers a user-friendly cryptocurrency exchange with robust features and ample opportunities to earn rewards.

If you use your phone or another mobile device for most of your financial apps, being limited to mobile may not bother you as much as it would for some users.

I highly recommend this app for experienced traders who want to earn passive income and reap the benefits of the Crypto.com Visa Card.

9. KuKoin.

This is a new crypto exchange that recently caught my attention. Apparently, it’s great for altcoins. I’ll report back on it soon.

5-Point Checklist For Choosing The Best Crypto Trading Platform.

Don’t get distracted by irrelevant details.

These are the only details that matter. In their order of appearance below.

1. Security. Security. Security. (Non-Negotiable).

You need to feel confident that your exchange takes security seriously.

This is the most important criterion, as a total loss of your funds to a bad actor means you’re unlikely to ever see your money again.

Here’s what matters:

I’m also a huge fan of background checks. Google your exchange with words like “lawsuit” and “hack”. What shows up?

Minor regulatory quibbles? (To be expected in an emerging industry like crypto).

Or major class action lawsuits brought by customers who lost their money?

Also, how many times has the exchange been hacked during its lifetime? Kraken, for example, is one of the oldest (14 years old) and has never been hacked. That’s an excellent track record.

2. Low Trading Fees. (Mandatory).

Crypto exchanges love to hide their fees behind layers of BS.

As a rule of thumb, the more convenient the trade is, the more you’ll pay in fees.

See that big blue “Buy Crypto” or “Instant “Buy” button in the top right corner?

Use it, and you’re likely to pay up to 4% in fees.

And you’ll need to pay the same again to get out of your position.

The sneakiest fee is the spread. Exchanges don’t often display it as a separate line item. They simply bake it into the price of the asset.

Only Kraken Pro in my list above doesn’t charge spreads on top of their trading fees – making it the most transparent and the cheapest crypto exchange.

The least important fees are fixed deposit and withdrawal fees.

Don’t fret about those. Most large exchanges don’t charge them. And the ones that do, the fee is only around $5 – a tiny amount in the grand scheme of things.

3. Live Customer Service. (Highly Desirable).

All major crypto platfoms offer AI-powered chatbots and/or knowledgebases.

But you’ll need human support at some point. Trust me on this one.

Some will redirect you almost instantly. The human on the other side will be smart, well-trained and able to go beyond canned responses.

Others will make you jump through qualifying questions. The agent will struggle with English and simply send you links to existing knowledgebase articles, which you could have Googled yourself.

4. Features. (Nice to have).

People get obsessed with comparing features.

How many coins does the exchange give you access to? Does it have margin lending features (that you’ll never use).

Does it offer staking?

Most of these features are “nice to have” for advanced traders, and completely unnnecessary for beginners.

5. Ease Of Use. (Tablestakes).

This is 2025, people. A crypto trading platform with an unfriendly interface will go bankrupt quickly.

Excellent user interfaces are now the norm – not the exception.

Yes, some are better than others (e.g., Kraken’s mobile app is more user-friendly, powerful and faster than Coinbase’s).

But if I didn’t see Kraken’s app, I’d think Coinbase’s was pretty good.

Don’t fret about this one.

What Is The Safest Way To Buy Bitcoin In Australia?

Prices for Bitcoin went crazy in 2021, then they came crashing down.

You can lose a lot of money if you don’t buy Bitcoin the proper way, so let me share with you how I think about it:

Are Australian Crypto Exchanges Better Than Global Exchanges?

No.

In the past, crypto exchanges headquartered in Australia had to be registered with AUSTRAC, and global exchanges were exempt from such regulation.

Fast forward to 2025, and all global exchanges I recommended in this review operate through Australian companies.

For example, Binance operates through Binance Australia ABN 98 621 652 579, and is registered with AUSTRAC.

When trading on the best global exchanges, you effectively trade through their Australian subsidiaries – and are protected by AUSTRAC’s Anti-money Laundering (AML) and Counter-Terrorism Financing (CTF) laws.

Steven