7 Best Crypto Exchanges In Australia For 2025

4.9
(43)

(43 votes, average: 4.9 out of 5)

Choosing the right crypto exchange is the first step in your cryptocurrency investment journey. Acting as an interface between you and other traders, the best Australian cryptocurrency exchanges allow you to make fast adjustments to your portfolio. I ranked and reviewed the 7 best crypto exchanges in Australia, so that you can start growing your portfolio sooner.


Last updated: August 1st, 2025

Opinions in this review are based on my personal experience with the products. Brands don’t get to offer editorial input nor see the review before it goes live, but may compensate me at no cost to you, if you choose to purchase a product on this page. Can you trust this review? Read the financial and editorial disclaimers.


Last updated: August 1st, 2025

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So many young men (let’s face it, it’s almost all men) get stuck in analysis paralysis when choosing the best crypto exchange. They’ll spend months poring over minor, irrelevant features (e.g., does it have a Sydney, Melbourne or overseas HQ?).

Meanwhile, the Bitcoin price keeps marching upwards.

Avoid the unnecessary deliberation. Pick one of the exchanges on this list and start trading. I’ve done the time sucking legwork for you.

In this guide, I ranked and reviewed the 7 best Australian crypto exchanges and highlighted my #1 choice for August 2025, so that you can start buying Bitcoin and your favourite altcoins sooner.

Expert Tip.

You’re not wedded to one exchange. In some cases, it’s better to open accounts on two exchanges that have complementary features. For example, you can use one for HODL and the other for other trading.

1. Coinspot.

Best overall crypto exchange in Australia.

what are the best crypto exchanges in australia

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.

Expert Tip.

That said, NEVER keep your funds on the exchange. Thieves can breach your 2FA by stealing your bank details on the grey market. Invest in a decent hardware wallet like Tangem (I’m not sponsored by them).

Pros.

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

  • First, this crypto exchange is a certified member of Blockchain Australia and boasts ISO 27001 certification, which means it has proven its high level of security through in-depth audits by SCI Qual International.
  • Second, you can customise account security through custom settings like withdrawal and session timeout limits and two-factor authentication.

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.

Important!

You can also deposit AUD using credit and debit cards, cash, and BPAY, although deposit fees apply for these deposit methods. And PS – buying crypto with a credit card (paying 18% interest) is not something I do myself. Just sayin’

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 –

  • Etherium (ETH).
  • Cardano (ADA).
  • Polygon (MATIC).
  • Luna Classic (LUNC).
  • Solana (SOL).

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.

The final advantage I want to mention is CoinSpot’s accessibility to beginners.

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. However, its fees on instant trades or swaps are less friendly.

These transactions incur trading fees of 1%.

Though not higher than the average cryptocurrency exchange, this is higher than some other options in this review.

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.

Important!

The Internet is full of complaints about CoinSpot’s alleged lack of support for Visa and MasterCard deposits. This is no longer accurate. The exchange now accepts all Australian-issued Visas and MasterCards (both debit and credit).

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 took out the #1 spot in this review of the best crypto exchanges in Australia.

You get one of the most user-friendly interfaces (both mobile and desktop), world-class security and a huge selection of crypto assets.

It’s a great exchange for beginner and intermediate traders. Experienced traders, however, may desire more features.

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
✔ Low 0.1% fee on market orders
✔ Fantastic range of tradable crypto assets
✘ Hefty (1%) fee on swaps
✘ Crypto assets only. No access to equities, futures, CFDs or options.

How CoinSpot Stacks UpScore
Crypto Assets5.0
Fees4.5
App & Platform UX5.0
Ease Of Use5.0
Customer Service4.5
Research And Analysis Tools4.0
OVERALL4.7

2. eToro.

Best crypto broker for building a diversified portfolio.

best crypto exchange australia

eToro rans high in my review of top crypto exchanges because of its easy-to-use interface and best-in-class social trading features.

In addition to cryptocurrency, eToro gives you access to over 10,000 other assets. You can purchase stocks, ETFs, commodities, options and futures. But I’m getting ahead of myself.

Pros.

eToro is just as user-friendly as CoinSpot. Possibly even more. As you’d expect, you get an intuitive mobile trading app and an intuitive desktop platform.

But eToro’s credentials go further than its pretty face:

  • Staking. Unlike many other crypto exchanges, eToro provides crypto staking (albeit only on 8 coins).
  • Security: your crypto trading environment is regulated by the Australian Securities and Investments Commission (ASIC) and AUSTRAC.

Expert Tip.

eToro touts its $100,000 demo account as a huge “pro”. I don’t view it as such, as I don’t believe using fake crypto is the best way to learn investing. This is just my perspective – not investing advice. You do you.

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.

Copy trading allows you to mimic the moves of successful investors on the platform.

Popular investors on this platform receive payments for each user who copies them, providing a win-win situation for everyone.

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 in Fibonacci charts.

Important!

This is why I think of the 1% commission to eToro as a reasonable fee to get my time back – by outsourcing my investing decisions to people with stronger track records than mine.

Rather than buying and selling individual coins, the copy trading feature also allows you to invest in cryptocurrency asset bundles with a focus on long-term profits.

Cons.

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

eToro exchange accounts function in USD, so Aussie users pay fees when they withdraw and deposit funds in AUD.

This fee isn’t small (1.5% each way). But it does reduce (all the way to zero) as your portfolio grows.

The sweet spot is $25,000, at which point the fee gets cut in half.

eToro also falls behind dedicated crypto exchanges in the number of cryptocurrencies on the menu. Many crypto brokers offer hundreds of coins, but eToro offers only 79.

However, these offers do include the usual suspects like Bitcoin (BTC), Ether (ETH), and Litecoin (LTC).

Important!

If you plan to buy obscure, high-risk, tiny coins, eToro is definitely not for you.

It’s also not for you if you’re an advanced day trader seeking comprehensive analyses beyond pricing charts.

Overall.

Despite some drawbacks, eToro is the second best cryptocurrency exchange in Australia.

It uniquely offers something no other 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 who 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
✔ No commissions on ETFs
✔ Not limited to crypto
✘ Hefty currency conversion fee on every deposit
✘ Lack of advanced analysis tools

How eToro Stacks UpScore
Crypto Assets5.0
Fees4.0
App & Platform UX5.0
Ease Of Use5.0
Customer Service4.5
Research And Analysis Tools3.5
OVERALL4.5

3. ByBit.

Best cryptocurrency exchange for advanced traders.

top australian crypto exchanges

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.

Users benefit from several trading options not offered by other exchanges.

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.

Did You know?

ByBit offers up to 100x leverage, providing traders with high trade potential.

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

  • Tether (USDT) perpetual contracts.
  • Inverse perpetual contracts.
  • Inverse futures contracts.

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.

You cannot deposit AUD directly into your exchange account.

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

Expert Tip.

If you use the ByBit fiat gateway, keep an eye on the fees involved. ByBit doesn’t charge fees for using the gateway, but third-party servicers do.

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.

  • This may be an advantage to some users who want to begin trading immediately without waiting for verification.
  • Still, it opens the door for potential scammers, and users should use caution on the Peer-to-Peer (P2P) 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

4. Binance.

Best all-rounder crypto exchange.

what is the top crypto exchange in australia

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.

Important!

It also offers a P2P exchange, NFT marketplace, and several interfaces to suit traders of all experience levels. Serious, high-volume traders enjoy deep liquidity within a massive crypto marketplace.

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.

Important!

Digital currencies are changing how the world looks at money, and you can witness this first-hand with a Binance Visa card.

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:

  • The Basic interface suits users new to the world of trading crypto with a simplified view. The Binance app can be overwhelming for beginner traders, but the basic interface helps ease users into the process without too much confusing clutter on the screen.
  • The Classic interface suits users with some experience with crypto trading. It displays more market data than the basic version but does not include every trading tool.
  • The Advanced interface displays every available tool and chart so serious traders can make decisions directed by real-time data.

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

Did You Know?

Binance protected its users from loss by covering the stolen funds.

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.

The platform may overwhelm or confuse beginner traders unfamiliar with crypto exchanges.

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.

Expert Tip.

Binance advises users NEVER to give out their private keys for their Binance wallets. Check out this helpful article on the Binance site explaining the different phishing scams you might encounter.

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.

5. Swyftx.

Good crypto platform for low fees.

swyftx-vs-coinspot-vs-coinbase-australia

Founded in 2017, Swyftx has become one of Australia’s most popular crypto trading apps. It offers users more than 320 crypto assets, including top coins, bundles, and staking options.

First-time traders benefit from a simple interface, while serious traders enjoy access to the real-time price data and integrated charts they need to make informed crypto trades.

Pros.

Swyftx supports hundreds of cryptocurrencies and provides a secure exchange for selling and buying crypto.

I included this platform as the fifth-best cryptocurrency app in Australia for many reasons, including the following:

  • No AUD deposit fees.
  • Low trading fees of 0.6%.
  • Credit and debit card deposit methods.
  • ISO 27001 certification for secure information management.
  • Twofactor authentication and other security measures.
  • Automatic buying and selling features.
  • Transparent, small crypto spreads.
  • Crypto staking on many popular currencies.
  • Userfriendly mobile apps for Android and iOS devices.
    Live chat support.

The low fees and intuitive interface make Swyftx an excellent choice for anyone just starting in the cryptocurrency market.

New users benefit from a demo mode that includes $10,000 in play money to help them learn how to trade on the platform.

If you’ve never purchased crypto on an exchange before, I recommend taking advantage of a demo option to get to know the process without risking your own capital. 

Cons.

The disadvantages of choosing Swyftx generally apply to advanced crypto traders. They include:

  • No features for margin, derivatives, or futures trading.
  • No NFT marketplace or P2P trading.
  • No instant buy options.
  • Focus on beginners with limited advanced features.

Swyftx caters well to new traders, but experienced traders who want to expand their crypto portfolios with various asset types like NFTs may benefit less from this platform.

Overall.

Aussie traders looking for reputable crypto trading platforms that support AUD deposits turn to Swyftx.

This Australian crypto app provides a safe and secure platform for beginning your journey into the realm of crypto.

If you’re a first-time trader or left another exchange due to a confusing interface, I recommend trying Swyftx.

However, if you’re an experienced trader who wants more than simply buying and selling options, you may try another exchange, such as eToro, ByBit, or Binance.

6. Kraken.

Great all-around crypto exchange.

best crypto exchange in australia

If you’re searching for a global exchange with a solid reputation and a long history of security, you may join the millions of users on Kraken.

Founded in 2011, Kraken has been one of the best crypto apps worldwide for over a decade.

This platform supports more than 190 countries, including Australia, New Zealand, Canada, the United States, the United Kingdom, and many more.

Users in Australia can instantly deposit AUD through Osko or PayID or wait one to two business days for a bank transfer from a bank account.

Pros.

Kraken offers more than 185 cryptocurrencies, a decent number but not the highest on my list. Traders will find many popular coins on this exchange, including BTC, LTC, ETH, ADA, and many more.

Kraken also regularly adds new coins to the exchange, consistently expanding users’ trading options.

Other pros of choosing Kraken include the following:

  • More than 12 crypto assets for staking.
  • Instant buying and selling feature.
  • Secure NFT marketplace and forex trading opportunities.
  • Deep liquidity, with the daily trade volume often exceeding $500 million in USD.
  • Low trading fees are designed to drive engagement and liquidity.
  • User-friendly interface and intuitive mobile apps for Android and iOS.
  • Support for purchasing crypto using fiat currency.24/7 customer care via email, chat, and phone.
  • ISO 27001 certification.

Users worried about hackers and other security concerns can feel confident about trading on Kraken. This long-running exchange has experienced no major hacking events in its decade of operation.

Cons.

Drawbacks to Kraken include higher trading fees than other crypto apps in Australia. For example, the exchange charges 1.5% for instant buying and selling transactions.

Other cons of choosing Kraken include the following:

  • Complex fee structure and higher trading fees than competitors.
  • Cryptocurrency limitations for Australian users.
  • Limited margin trading or derivatives trading for Australian users
  • Limited funding options for AUD.

Kraken appeals to traders at all experience levels and provides a safe option for Aussie traders. However, Australians do have some limitations on this platform.

Overall.

Kraken doesn’t provide the largest selection of cryptocurrencies, but it remains one of the best crypto apps for its worldwide availability, advanced security, and variety of trading features.

New traders enjoy simple navigation and top-notch security, while high-wealth traders benefit from competitive trading fees as low as 0%. 

Whether you’re a seasoned trader or new to the crypto market, Kraken is an excellent crypto exchange option.

7. Crypto.com.

Good for people who like to trust large brands.

best crypto broker in australia

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:

  • More than 250 cryptocurrencies.
  • More than 20 supported fiat currencies.
  • Staking on more than 40 crypto coins.
  • NFT marketplace.
  • The polished, easy-to-use platform on desktop and mobile.
  • No fees for converting fiat currencies.
  • Free AUD deposits using PayID.
  • $750 million insurance fund to protect users.
  • Several security certifications.

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:

  • Geographical restrictions for some crypto assets.
  • Higher spreads compared to competitors.
  • AUD trading is limited to mobile apps.
  • Limited learning resources compared to competitors.

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.

5 Factors To Consider When Choosing The Best Crypto Trading Platform.

Finding the best place to buy crypto in Australia depends mainly on the user’s preferences, experience level, risk tolerance, and other factors.

When choosing your ideal cryptocurrency exchange, consider the following:

1. Trading Fees.

Fees eat into your profit margins, but they’re a necessary evil. Crypto exchanges make their money through these fees, so a fair cut is normal.

But be vigilant for unexpected hidden fees, or fees that penalise you for efficiencies in the system. For example:

  • High currency conversion fees. If the platform doesn’t let you trade in Australian dollars, you may need to convert funds to USD first. Check this fee to ensure you don’t get ripped off.
  • Deposit fees. We’re in 2025, people. The days of paying fees for the luxury of giving your business to a financial entity are long gone.
  • Withdrawal fees. See above.

Expert Tip.

Remember to budget for a wallet fee if you use an online wallet like Exodus (my personal choice). You will pay it when moving your funds from the crypto exchange to the online wallet.

2. Coin Selection.

Some crypto exchanges only support 5-10 cryptocurrencies, while others support hundreds (including obscure altcoins).

  • A huge selection of altcoins is nothing but a vanity metric.

Many of these altcoins are edge projects, likely to fizzle out within 6 months.

  • Will you be investing your hard-earned Aussie dollars into RadioCaca (RACA)?

Didn’t think so.

The best crypto exchanges offer a baseline of established coins like Bitcoin, Polkadot, Ethereum and XRP, plus the flexibility to pick from 20-100 altcoins.

3. Reputation And Regulation.

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

While even the most secure and regulated exchanges have either been hacked or have unexpectedly folded (FTX, anyone?), you can keep an eye on a few data points to minimise your risks:

  • AUSTRAC Certification. Imposes a KYC (know your customer) policy on the exchange to prevent money laundering and other nefarious activities.
  • Mandatory 2FA. Protects your login. Don’t trade on an exchange that doesn’t protect your trading app with two layers of security.
  • ISO 28001 Certification (optional). Provides an additional layer of security to the exchange’s IT infrastructure. CoinSpot and Swyftx are the only two exchanges in this review to hold this certification as of August 2025.

4. Customer Service.

Test the responsiveness and helpfulness of a crypto exchange by submitting a support ticket. Evaluate the response against these criteria:

  • How fast was the response? (Sub 3 hours is great, sub 24 hours is OK, anything above is problematic).
  • How useful was the response (Was the issue sorted out with 1 ticket? Did the agent solve the issue or simply point you towards online resources that you could have Googled yourself?).

5. Ease Of Use.

A crypto exchange must have an intuitive interface with desktop and mobile apps as standard. Check for:

  • Clean design.
  • Dashboards.
  • Ability to buy/sell crypto on the fly.

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:

  • Have a plan. I think 4-5 purchases ahead. I belive is particularly important in crypto because it is so volatile. I started with the end in mind (e.g., “my goal is to have $500,000 in 5 years”), then worked back from it to match it up with the number of investments I need to make (e.g., “assuming a 15% return, I need to invest $2,000 every month”).
  • Go slow if I feel FOMO. Many Australians overpaid for Bitcoin in 2021 because they bought into the hype and allowed their emotions to take over. I prevent this from happening by sleeping on my decision for 1 night any time you I FOMO. This creates some distance between me and my decision and takes the emotion out of it.
  • Buy Bitcoin from a reputable crypto exchange. I have accounts with eToro, SwyftX and Coinspot.

Expert Tip.

Use a crypto exchange to purchase your cryptocurrency, but don’t use it for storage. Crypto wallets are a safer and more convenient mechanism for storing your crypto.

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.

This provided Australians with an added layer of security.

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 its Australian subsidiary and are protected by AUSTRAC’s Anti-money Laundering (AML) and Counter-Terrorism Financing (CTF) laws.

Steven

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