11 Best Crypto Exchanges in Australia Updated in September 2023

Before choosing a provider, the main fees you need to examine are listed below. To determine whether the platform is regulated, you need to check its licensing. FINRA has also registered the platform, allowing American traders to use it legally.

• Crypto is one of the best investments if you’re looking for a high return on your investment.
• That includes major pairs such as BTC/USDT and BTC/ETH and many micro-cap markets.
• Cyberattacks and hacks can lead to millions of dollars being stolen, leading to potential significant losses for crypto exchange users.
• This approach of leveraging Bitcoin’s legacy has made it gain popularity across diverse communities.

Suppose you use an Australian credit/debit card, then the fee rockets as high as 2%. With over 250 digital currencies to choose from, Crypto.com has something for everyone. Whether you’re interested in Bitcoin, Ethereum, or one of the many ERC-20 tokens, Crypto.com has what you’re looking for. Please note that we are not authorised to provide any investment advice. The KYC (Know Your Customer) process has to be completed before you can trade on eToro since they are a regulated platform.

Platform Fees

This is because the top cryptocurrency trading platforms accept debit/credit cards. However, it is also important to consider factors such as fees, trading volumes, and availability of features when selecting an exchange. Some traders may prefer to use international exchanges or online trading platforms, which can offer lower fees and access to more advanced features. Swyftx is a well-known Australian-based cryptocurrency exchange that has been operating since 2017. The platform offers a straightforward pricing model, charging a flat 0.6% fee on all trades across over 320 cryptocurrencies.

• Before you engage in this type of trading, learn how to safely hold digital assets.
• For traders on the move, the Swyftx app will impress with its innovative trading experience that is modern, fresh, and fully customizable.
• CoinSpot has released their own CoinSpot Mastercard, a free crypto debit card that allows you to spend your crypto as if it’s cash, either in person or online.
• The registration process and buying cryptocurrency will take no more than 5 minutes, but your assets will be well protected.

This is hugely important as other exchanges do not have instant AUD deposit options. This works both ways as funds from a Binance wallet can be transferred to a bank account rapidly. As mentioned in our Binance review, they have pairings for all of the major cryptocurrencies you would want to trade. Australians can use the separate Binance Australia platform launched in July 2020.

Coinjar: AML Complying Crypto Exchange in Australia

To complete your investment, click on the button and fill in the amount you want to invest. Buying cryptocurrency in 2023 is easy and only takes four basic steps. If you want to invest in cryptocurrency, process follow our four-step instructions. Any reliable Australian cryptocurrency exchange must comply with government know-your-customer regulations; hence, you must verify your identity.

• Once it has matched you with your seller, you will then meet up in-person and begin the trade.
• In addition, human traders are fully aware of fundamental news developments, whereas trading robots rely solely on technicals.
• In short, Australians looking for a reputable and secure exchange should look no further than Independent Reserve.
• Trading (buying, selling, or exchanging) cryptocurrencies on the platform are safe and reliable.
• When it comes to crypto trading, every second counts; it could be the difference between making a killer profit and losing all your investment.
• This is especially true if you’re planning on trading cryptocurrency as a long-term investment.

As far as fees are concerned, like CoinSpot, the platform charges a flat fee of 1%. Trading fees on their actual exchange differ for makers and takers based on their 30-day trading volume with the highest fee being 0.1% for makers and a flat 0% for takers. So far, they’ve launched numerous solutions to make crypto trading easier for both retail and institutional traders. Direct trading of cryptocurrencies is done on cryptocurrency exchanges. When you engage in a direct trade, you actually hold the cryptocurrency in your digital wallet.

Step 3: Deposit Funds

The absence of KYC also means that your personal information is safe from hackers. The best crypto exchanges with no KYC in Australia include Gate.io, UniSwap and PancakeSwap. All three platforms are decentralized and users must own a crypto wallet to access crypto trading and swapping features. KYC (Know Your Customer) is used by crypto exchanges to collect data about people who are using their platform to trade crypto assets. This data is collected to provide a layer of security that allows trading accounts to be unlocked if a user forgets their login details.

• Look for an exchange with a solid reputation and positive reviews from users.
• Copy trading means you can search for successful traders, and automatically copy their trades exactly, so you can profit alongside them.
• There are many order types and in-depth capabilities for reading charts.
• EToro has a wide selection of cryptos available and is committed to growing this market anytime a well-known coin enters the mainstream.

Bitcoin (BTC) is the most popular and successful coin on the crypto market. The capitalization of BTC exceeds $860 billion and, according to many analysts, will only grow. Despite the frantic volatility of the cryptocurrency, companies and well-known investors start investing in it. Type any cryptocurrency you need to check whether it’s available or not. Since eToro trades the most popular coins, the chances are you will find desired assets.

#7. Crypto.com App – Best mobile app for beginners

Commissions are always charged ‚per slide,‘ which means you pay them when you buy a cryptocurrency and again when you sell it. Consequently, the higher your position and the higher your commissions. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

• With BitFinex, you’ll have access to a broad range of trading options that are designed to meet the needs of advanced traders.
• The most important thing is that when you use a crypto trading platform with high liquidity levels, you will always find a buyer when you plan to exit a position.
• However, if you want to buy crypto, you’ll need at least 10 U.S dollars to get started with investment.
• Security of assets is of paramount importance and Independent Reserve Exchange does not take safety lightly.
• Another way to gain access to discounts and VIP services is to join a loyalty program hosted by the exchange or get a referral link.
• It is currently the largest crypto exchange in Australia with more than 2.5 million customers.

The token was inspired by the Shiba Inu (SHIB) project however, Love Hate Inu is more than just another meme coin. The platform is a revolutionary dApp that will allow community members to earn real-value rewards, connect with like minded others, expand their investment portfolio and encourage crypto adoption. By scanning items for recycling on the EcoTerra app, users earn $ECOTERRA.

eToro – Great Platform For Copy-Trading Crypto

You should be cautious before investing in new coins because they are very risky. Their prices are highly volatile, and you can quickly lose your investment. Cryptocurrency trading can be extremely overwhelming for beginners, especially when you don’t know where to start. There are so many complex terms to understand, lots of platforms to choose from and more than 22,500 cryptocurrencies to trade with. Australians are very active crypto traders, and it’s no surprise that you want to join them.

• The platform has a good reputation and has been around for a long time (since 2013), so Aussie locals find it trustworthy.
• Finally, don’t assume that an exchange is available in your country, or even state, just because you can access its website.
• The exchange has revolutionized the digital currency environment by providing a simple platform for beginners to buy and sell digital coins such as Bitcoin and Ethereum.
• In addition, some cryptocurrency exchanges or platforms may have minimum purchase amounts or trading fees that you’ll need to consider when determining how much money you need to buy crypto.

In Australia, there are a variety of exchanges you could use but to help make your choice easier, here is a guide on what we think are the top 10 Bitcoin trading sites in Australia. For deposits via debit/credit cards, e-wallets, and bank wires, the provider charges just 0.5%. Therefore, choosing a crypto trading platform for your needs can be a daunting process. In the online crypto space, there are currently close to 300 crypto exchanges, according to CoinMarketCap. Over 120 of these companies have facilitated trading volumes exceeding $100 million in the past 24 hours before writing this guide. Depending on your location, depositing funds with a debit card may be possible.

Step 5: Enter the amount and place a trade

KuCoin has included FREE trading bots on their platform, which you can use to automate your trading strategy. The bots currently available are Spot Grid, Futures Grid, Smart Rebalance, DCA, and Infinity Grid. These are excellent ways to make trades without letting emotion get in the way, and allows you to profit from market volatility when you are away from your devices, and even while asleep.

The platform has swiftly garnered a user base exceeding 10 million, predominantly in Europe and Asia. The platform supports trading for a broad selection of 350 cryptocurrencies – and is available on Android and IOS where it has over 5 million downloads. As you can see in the image below, we are buying $25 worth of bitcoin commission-free.

Phemex: No-KYC Australian Crypto Exchange

He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. However, there is no option for a bank transfer which is problematic for selling Bitcoin into AUD and withdrawing the funds. Kraken is one of the best crypto trading platforms that offer an intuitive trading platform to execute crypto trading strategies. The company is based in San Francisco after being founded in 2011 by Jesse Powell and officially launched in 2013. It is a dedicated crypto trading platform that experienced traders will enjoy.

• It is built on the Ethereum network and is a stake-to-earn token alternative to Bitcoin.
• Serious traders can take advantage of the myriad trading opportunities offered by the more than 700 coins listed across more than 1,200 trading pairs.
• As exchanges can be hacked or compromised, transferring the crypto from the exchange to an external wallet is best.
• Yes, Bybit is legal to use for Australians and there are no limitations or restrictions in place to signup and begin trading on the exchange.
• If, for example, a major public figure were to say they believed a coin would become very valuable, their support could pique interest and lead demand to outstrip supply, pushing prices up.

It can be used to facilitate transactions on various cryptocurrency exchanges and platforms, and it is also used as a means of payment for various goods and services. The app allows users to monitor their spending, check real-time fuel prices, and pay for charging stations and fuel. Security is a paramount concern when talking about cryptocurrencies, and you would have heard of many security breaches over the years, even of large crypto exchanges. Cyberattacks and hacks can lead to millions of dollars being stolen, leading to potential significant losses for crypto exchange users.

How to Buy Cryptocurrency Australia – Conclusion

Many other decentralised exchanges charge users the gas fee, but Kine utilises Layer 2 Network to provide zero gas fees for traders. To buy cryptocurrency – in Australia using a debit card, you must upload your ID first. However, credit card purchases entail an extra fee called a cash advance fee.

• The blockchain, which tracks the ownership and authenticity of each coin, is maintained by a group of computers using their computing power.
• There is also a spread fee and sometimes a foreign exchange conversion fee which is often a ‚hidden cost‘ and not fully disclosed.
• The best feature of ByBit and the reason it makes this list of best exchanges is the superior trading and charting application.
• In addition, direct debit card transactions include the trading commission since these are direct purchases.

Some experts claim that the crypto market is nothing else but a bubble to burst in the future. You can only buy cryptocurrency anonymously if you deal with an unregulated cryptocurrency exchange. We don’t recommend you to have any business with non-regulated brokers because they often have security and privacy issues.