Top Crypto Trading Platforms in Australia

Australia’s crypto sector has flourished, driven by increasing adoption and regulatory oversight from the Australian Securities and Investments Commission (ASIC). To help Australian investors navigate their options, we’ve ranked the leading platforms based on AUD deposit methods, security, available assets and fees. Below is a comparison table of the five best exchanges in Australia.

1. CoinSpot

CoinSpot, established in 2013 and based in Melbourne, is Australia's most trusted crypto exchange, boasting over 2.5 million customers. The platform offers access to more than 520 cryptocurrencies for spot trading, allowing users to diversify their portfolios with a wide range of assets.

Beyond standard trading, CoinSpot provides staking on 21 different coins, enabling users to earn up to 28% APY in rewards. The platform also includes an NFT marketplace, allowing users to buy and sell thousands of non-fungible tokens directly through the interface with no gas fees.

Additionally, it supports OTC trades for large-volume transactions, catering to institutions. Security is a top priority for CoinSpot, which is registered with AUSTRAC and a certified member of Blockchain Australia. The exchange employs measures such as 2FA and offline cold storage.

• Fees: 1% for instant buy/sell, 0.1% for market orders.
• Supported Assets: Over 520 crypto assets.
• Regulation & Licensing: Registered with AUSTRAC and holds an ASIC Australian Financial Services Licence (Number 169 528 796).‍
• AUD Deposit Methods: Bank transfers, PayID, BPAY, cash deposits, PayPal, credit cards and debit cards.

‍2. Bybit

Bybit is a global exchange catering to over 63 million registered users across 160 countries, including Australia. The platform specialises in derivatives trading, offering futures contracts with up to 100x leverage and various tools, including trading bots, copy trading, demo account and TradeGPT. 

The ecosystem includes spot trading on over 1,700 digital assets and 400+ derivatives and options contracts. Additional features include an NFT marketplace, the Bybit Card offering up to 10% cashback, lending and borrowing services, Launchpad, Airdrop hunting and an OTC desk.

The platform also provides access to Web3 products and integrates DeFi applications, such as lending protocols, mining services and on-chain staking. Bybit prioritises user security through industry-leading measures, regular proof-of-reserve audits, and 24/7 multilingual customer support.

• Fees: Spot trading fees start at 0.1%.
• Supported Assets: Over 1,700 cryptocurrencies.
• Regulation & Licensing: Registered in Dubai and Seychelles, and available in Australia.‍
• AUD Deposit Methods: Credit card, debit card, bank transfer, PayID, Samsung Pay, Apple Pay and Google Pay.

3. Kraken

Kraken serves over 10 million users across Australia and 180 other countries. Established in 2011, it has built a reputation for its security and global regulatory compliance. It operates as a registered Digital Currency Exchange Provider with AUSTRAC, following its acquisition of Bit Trade in 2020.

For institutional clients, Kraken offers a range of advanced trading options, including access to highly liquid spot and stablecoin order books via Kraken Pro or API integrations. The platform also provides OTC services, enabling the execution of large orders with personal account managers.

The platform supports over 320 cryptocurrencies for spot trading and offers features such as margin trading with up to 5x leverage and access to over 100 multi-collateral futures contracts. It also has expanded its custody services to institutions, offering secure storage solutions for digital assets.

• ‍Fees: Maker fees are 0.16% and taker fees are 0.26%.‍
• Supported Assets: Over 320 spot markets and 100+ margin markets.‍
• Regulation & Licensing: Registered Digital Currency Exchange (DCE) with AUSTRAC under ABN 42 163 237 634.‍
• AUD Deposit Methods: PayID, Osko, bank transfer, and debit or credit cards.

4. Independent Reserve

Independent Reserve is a trusted Australian exchange based in Sydney. Established in 2013, it is home to over 400,000 investors, including individuals, businesses, and Self-Managed Super Funds. For SMSFs, it provides a safe environment to invest in crypto, supported by multi-user accounts.

To facilitate seamless trading, it offers AutoTrader, enabling users to create automated trading rules from a library of strategies, and an OTC desk for large-volume trades. The platform supports a limited selection of key cryptocurrencies, including Bitcoin, Ethereum and 30 more tokens.

Security is a focus for IR, employing world-class operational systems to safeguard user data and assets, including 2FA, encryption, and regular penetration testing. The exchange is ISO 27001 certified, demonstrating adherence to globally recognised security management standards.

• ‍Fees: Starting at 0.5%, decreasing to 0.02%.‍
• Supported Assets: 30 Cryptocurrencies.‍
• Regulation & Licensing: Registered as a DCE with AUSTRAC (DCE-100461150-001).
• AUD Deposit Methods: PayID, bank transfers, PayPal, and debit or credit cards.

5. Swyftx

Swyftx is another popular Australian cryptocurrency exchange, offering a user-friendly platform for trading over 440 digital assets. It provides features such as Auto Invest for recurring purchases, Demo Mode for risk-free practice, and Crypto Bundles for diversified investments.

The platform also integrates TradingView charts, enabling users to perform in-depth technical analysis directly within the interface. In addition to individual accounts, it supports investments through companies, trusts, and SMSFs. Swyftx is fully registered with AUSTRAC and adheres to ASIC guidelines.

Swyftx's commitment to customer satisfaction is reflected in its 4.5 out of 5 rating on TrustPilot, indicating a high level of user trust and approval. The platform offers 24/7 customer support through live chat, phone and email, to assist users with any inquiries or issues.

• Fees: Trading fees are set at 0.6%.
• Supported Assets: Over 440 cryptocurrencies.
• Regulation & Licensing: Registered with AUSTRAC as a compliant digital currency exchange.
• AUD Deposit Methods: Bank transfers, PayID, and credit/debit cards.

Is Crypto Regulated in Australia?

Australia has established a comprehensive regulatory framework for cryptocurrency, overseen by the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). 

ASIC requires businesses offering crypto-assets that qualify as financial products to hold an Australian Financial Services Licence (AFSL) and prohibits misleading practices. AUSTRAC mandates that digital currency exchanges register and comply with anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

Australia’s regulatory approach supports innovation while aligning with global standards. With increasing clarity on licensing for stablecoins, staking, and other emerging sectors, the country aims to balance consumer protection with industry growth.

How Does the ATO Tax Crypto?

Cryptocurrency transactions in Australia are subject to taxation under guidelines set by the Australian Taxation Office (ATO). Crypto assets are treated as property for tax purposes, meaning they are subject to capital gains tax (CGT) when disposed of. 

Here's an overview of how digital assets are taxed in Australia:

• Capital Gains Tax (CGT): Individuals are subject to CGT on profits made from selling or exchanging cryptocurrency. If the crypto is held for over 12 months, a 50% CGT discount applies. Losses from crypto transactions can offset other capital gains.
• Trading and Business Activities: If trading crypto is your business, profits are considered ordinary income and taxed at your marginal income tax rate. This includes activities such as frequent buying, selling, or mining as part of a commercial operation.
• Staking and Mining Rewards: Crypto earned from staking or mining is treated as taxable income at the time it is received, based on the fair market value in Australian dollars. Subsequent disposal of these assets may also incur CGT.

Consulting a tax professional familiar with digital currencies can help taxpayers navigate their obligations.

‍Cryptocurrency Adoption in Australia

Australia is witnessing remarkable growth in cryptocurrency adoption. By mid 2025, the market is expected to generate revenue of approximately AUD $760.6 million, with an estimated 11.38 million users, equating to 42.22% of the population.

Platforms contributing to this growth include local exchanges like CoinSpot and Swyftx, plus international platforms, such as Bybit. These exchanges cater specifically to Australian users by offering AUD trading pairs, compliance with ASIC regulations, and user-friendly features.

How to Buy Bitcoin in Australia

Australian investors looking to purchase Bitcoin can do so through a crypto exchange registered with AUSTRAC. Here’s a step-by-step guide to help you get started:

1. Create an Account: Visit the official website or app of an AUSTRAC-registered exchange. Click on "Sign Up" to create an account. Complete the identity verification process by submitting valid photo identification and proof of address.
2. Deposit Australian Dollars: Navigate to the deposit section of your chosen platform. Select AUD as your deposit currency, specify the amount, and choose a payment method. Follow the instructions provided to complete your deposit securely.
3. Select Bitcoin: Once your deposit is reflected in your account, head to the trading or exchange section. Search for Bitcoin and locate the AUD/BTC trading pair to view the current market price.
4. Complete Your Purchase: Decide how much Bitcoin you want to buy or the amount of AUD you wish to spend. Review the transaction details, including fees and the total cost. Once satisfied, confirm your purchase to finalise the transaction.

After buying Bitcoin, your coins will be stored in the exchange's wallet. For enhanced security, consider transferring your Bitcoin to a private wallet where you control the keys.

Final Thoughts

Australia is one of the largest cryptocurrency markets globally, backed by robust regulatory oversight from AUSTRAC and supportive local policies. The country’s clear guidelines have created a secure environment for investors while encouraging innovation and adoption.

Top exchanges in Australia, including CoinSpot, Swyftx, and Kraken, cater to diverse trading needs. These platforms offer features such as spot trading, staking rewards, advanced futures contracts, and beginner-friendly interfaces.