Last updated: September 18th, 2025
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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 September 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:
1. Don’t Compare Transaction Fees.
Most people don’t realise their exchange is charging huge hidden fees. They mislead you with “low” transaction fees, but rip you off with high spreads. Take Coinspot: it advertises a rock-bottom “from 0.1%” trading fee, but with its lousy spreads and low liquidity, you’ll pay $500–$1,000 more per Bitcoin compared to Kraken or Swyftx.
2. How To Unlock Lower Fees?
Always use the “Pro” or “Advanced” version of your exchange (e.g. Coinbase Advanced, Kraken Pro). You lose nothing, but unlock lower – sometimes zero – trading fees and a more powerful trading interface.
3. Don’t Listen To People On Reddit.
Reddit is great for baby tips (my newborn arrived two weeks ago – ha!). But for crypto exchanges? It’s mostly a rage pit of idiots. Angry users vent about “high fees” and KYC verification loops on withdrawal. Most of it is self-inflicted – because these people fail to research fee structures before transacting. Or they do dumb stuff like withdrawing funds into Metamask using AI bots – then acting surprised when their account gets locked.
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 4 criteria – in their order.
The 4 Criteria I Use to Judge Every Crypto Exchange.
- Security. Deal breaker. Nothing else matters if they lose your money.
- Low Fees. Must-have. Are they shaving 2-3% off every transaction? You’re getting ripped off.
- Customer Support. Highly desirable. You will have questions. When you do, having snappy, smart, human support will prove invaluable.
- Features. Nice-to-have. Coins, user interface, deposit/withdrawal methods, staking, margin. Usually get the most attention, but are the least important for most people.
1. Kraken.
Best all-around crypto exchange.
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.
Important!
It’s never been hacked in its 14 years of operation – and has only faced a couple of minor lawsuits in 2023 and 2024.
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.
Did You Know?
ASIC has taken an aggressive stance on derivative trading in Australia, likely using Kraken to fire a warning shot at the entire crypto exchange industry.
| 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.
Expert Tip.
I never deposit funds through methods that attract fees (e.g., PayPal or credit card). Why shoot yourself in the foot before you even start?
Speaking of fees, Kraken’s are out-bloody-standing. They’re:
- Transparent.
- Easy to understand.
- Very, very low.
I’ll talk about fees in detail in a moment, but before I do, a strong recommendation –
Always use the Pro version of Kraken. This is how you unlock the lowest fees.
The best thing is – it doesn’t cost you anything extra. You simply have to log in to it.
Important!
Your Kraken login gives you access to both desktop platforms – standard Kraken and Kraken Pro. On mobile, Pro and standard Kraken are two different mobile apps.
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 bawler placing $100m of maker orders every month, you won’t pay any fees at all.
Important!
Kraken does not charge you hidden spreads on top of the maker/taker fees. What you see in the table above is what you’ll pay. That’s it. Compared with sneaky 1-3% spreads that platforms like Swyftx and Coinbase charge, this is outstanding.
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.
How much does margin trading cost?
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 regular trading.
I personally never dabble in leveraged trading, as I find it too risky.
Did You Know?
Equity exchanges have a 90-90-90 rule. It means they expect 90% of investors trading on margin to lose 90% of their funds within 90 days. Let this serve as a warning.
Cons.
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.
Important!
Don’t forget that you’ll need to pay the fee again to convert your money back into AUD.
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.
Important!
Don’t get excited – that’s for US-based users. Australian users are stuck with crypto (for now).
Verdict.
Kraken Pro is the best crypto trading platform in Australia.
Its desktop and mobile apps are excellent – and far better than Coinbase’s, Swyftx’s and eToro’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 Stacks Up | Score |
|---|---|
| Crypto Assets | 4.5 |
| Fees | 5.0 |
| App & Platform Usability | 5.0 |
| Safety And Transparency | 5.0 |
| Customer Service | 4.5 |
| Research And Analysis Tools | 4.0 |
| OVERALL | 4.7 |
3. eToro.
Best crypto broker for building a diversified portfolio.
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.
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.
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 Up | Score |
|---|---|
| Crypto Assets | 5.0 |
| Fees | 4.0 |
| App & Platform Usability | 5.0 |
| Safety And Transparency | 5.0 |
| Customer Service | 4.5 |
| Research And Analysis Tools | 3.5 |
| OVERALL | 4.5 |
4. Swyftx.
Great crypto platform for beginners.
Founded in 2017, Swyftx has become one of Australia’s most popular crypto trading apps.
It offers you more than 400 crypto assets, including top coins, bundles, and staking options.
Pros.
First-time trader? You’ll benefit from Swyftx’s simple interface.
It’s not at all intimidating, and you can make it even more friendly by customising your home page. The desktop app allows you to drag panels around, increase their size and even hide them.
Intermediate user? Enjoy access to the real-time price data and integrated charts.
Moreover, you get:
- Low-ish trading fees of 0.6% (more about them shortly).
- Transparent, small crypto spreads.
- Staking on many popular currencies.
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 few AI bot hoops before connecting you with a human support agent, but it works well overall.
Important!
In my tests, I received a smart response within 10-20 minutes (during standard Australian business hours).
I’m not worried about Swyftx’s security features.
The platform has excellent safety credentials because it doesn’t lend customer assets to third parties, nor does it trade customer balances.
Thankfully, you don’t pay anything for deposits, withdrawals or currency conversions.
Keep in mind that high-volume discounts are available, so if you plan to exceed $100K/month in trading volume, get in touch with Swyftx and negotiate a better rate.
I strongly suspect they’ll drop it below 0.4% without much resistance.
Cons.
SwyftX will disappoint crypto whales and advanced users because it offers no:
- Access to leverage, derivatives, or futures trading.
- NFT marketplace or P2P trading.
- Instant buy options.
Unlike eToro, Swyftx is strictly a crypto exchange – meaning you don’t get access to stocks, bonds, or ETFs.
Copy trading isn’t available, either.
Overall.
The reasonable 0.6% fee and intuitive interface make Swyftx an excellent choice for anyone just starting in the cryptocurrency market.
You get one of the most user-friendly interfaces (both mobile and desktop), world-class security and a huge selection of crypto assets.
Important!
This crypto platform provides a safe and secure gateway 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 seeking more than just buying and selling options, consider trying another exchange, such as eToro, Kraken, or Coinspot.
✔ Easy to use UI
✔ Trade in AUD, USD, NZD
✔ 400+ tradable crypto assets
✘ 0.6% fee is on the higher side.
✘ Non-leveraged crypto assets only. No access to margin nor equities, futures, CFDs or options.
| How Swyftx Stacks Up | Score |
|---|---|
| Crypto Assets | 4.5 |
| Fees | 4.0 |
| App & Platform Usability | 5.0 |
| Safety And Transparency | 5.0 |
| Customer Service | 4.0 |
| Research And Analysis Tools | 4.0 |
| OVERALL | 4.4 |
5. Coinspot.
Great Australian-based crypto exchange.
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.
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 is 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 Up | Score |
|---|---|
| Crypto Assets | 5.0 |
| Fees | 4.0 |
| App & Platform Usability | 5.0 |
| Safety And Transparency | 4.5 |
| Customer Service | 4.5 |
| Research And Analysis Tools | 4.0 |
| OVERALL | 4.4 |
6. ByBit.
Best cryptocurrency exchange 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.
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.
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
7. Binance.
Best all-rounder crypto exchange.
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.
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.
8. Crypto.com.
Good for people who like to trust large brands.
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 September 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.
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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