Top 5 Crypto Trading Platforms Australia

To discover what the best cryptocurrency exchanges are in Australia, we have compared all of their key features, services and products. The platforms have been ranked based on their available features, security, supported assets, fees, customer support options and accepted AUD deposit methods. Refer to the below list for a deeper break down of the five Best Crypto Exchanges in Australia.

1. CoinSpot

CoinSpot is an Australian cryptocurrency exchange that allows users to trade over 360+ cryptocurrencies and stake 30 tokens. The platform is widely regarded to be the most secure exchange in Australia, as it is the only one to obtain the ISO27001 Standard Security Certificate. In addition to its security and supported assets, it's a feature-rich platform that offers a crypto card, NFTs and Bundles (Crypto ETFs).

  • Fees: Withdrawals and most deposit methods (there are fees via BPAY, Card & Cash) are completely free, and trading fees vary between 0.1% - 1%, depending on your method of order.
  • Supported Tokens: 365 Cryptocurrencies.
  • Regulation & Licensing: Regulated & Licensed by the AUSTRAC. 
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.
  • AUD Deposit Methods: Bank Transfer, Credit/Debit Card, POLi, PayID, BPAY, Osko & Cash Deposit.
CoinSpot Exchange.

If you would like to learn more about this exchange, you can visit our detailed CoinSpot Review.

2. eToro

eToro is a global trading platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets. It's based in Israel and has a presence in the United States, the United Kingdom, and Australia, among other countries. eToro offers a user-friendly platform that is suitable for both experienced traders and those who are new to trading. It is regulated by several financial authorities, including the ASIC.

  • Fees: Deposits & withdrawals are completely free and crypto trades are subject to a 1% flat fee.
  • Supported Assets: 92 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies and 300 ETFs.
  • Regulation & Licensing: Regulated & Licensed by the ASIC.
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.
  • AUD Deposit Methods: Bank Transfer, Credit/Debit Card & POLi.
eToro Exchange.

If you would like to learn more about this exchange, you can visit our detailed eToro Review.

3. Bybit

Bybit is a cryptocurrency derivatives exchange that offers futures and perpetual contracts trading for popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple. It is headquartered in Singapore and has operations in several countries around the world. Bybit offers a user-friendly platform with advanced trading tools and features, as well as high liquidity and competitive fees.

  • Fees: Deposits and withdrawals are free and there are 0.1% fees on spot markets and the maker/taker rebate is 0.01%/0.06%.
  • Supported Assets: 400+ cryptocurrencies.
  • Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
  • Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
  • AUD Deposit Methods: Credit Card, Debit Card, Bank Transfer, POLi, PayID & Google Pay.
Bybit Exchange.

If you would like to learn more about this exchange, you can visit our detailed Bybit Review.

4. SwyftX

SwyftX is an Australian cryptocurrency exchange that offers a wide range of features to help users buy and sell digital currencies quickly and easily. With a user-friendly interface, competitive trading fees, and 24/7 customer support, SwyftX has become one of the most popular crypto exchanges in Australia. In addition to trading, users can also stake over 20 cryptocurrencies through the platform.

  • Fees: Deposits and withdrawals are free and trading fees are a flat 0.6%.
  • Supported Assets: 310+ cryptocurrencies.
  • Regulation & Licensing: Regulated and Licensed by AUSTRAC.
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.
  • AUD Deposit Methods: Bank Transfer, Credit/Debit Card, POLi & PayID.
SwyftX Exchange.

If you would like to learn more about this exchange, you can visit our detailed SwyftX Review.

5. Uphold

Uphold is a multi-asset investing platform that allows users to buy, hold, and sell a variety of assets, including fiat currencies, cryptocurrencies, and precious metals. It is headquartered in the United States and has operations in several countries around the world, including Australia. It is regulated by several financial authorities, including the Australian Securities and Investments Commission (ASIC).

  • Fees: Free deposits on all methods except card, which is subject to a 2.49% fee. Crypto trading fees vary between 0.8% - 1.2%.
  • Supported Assets: 210 cryptocurrencies, 40 shares, 4 precious metals and 27 fiat currencies.
  • Regulation & Licensing: Regulated and Licensed by the ASIC.
  • Customer Support Options: 24/7 support via live chat and email.
  • AUD Deposit Methods: Bank Transfer, Credit/Debit Card, Google Pay & Apple Pay.
Uphold Exchange.

If you would like to learn more about this exchange, you can visit our detailed Uphold Review.

Is Crypto Legal in Australia?

Cryptocurrency is legal in Australia. The Australian government has implemented regulations to prevent money laundering and terrorist financing through the use of digital currencies. These regulations require digital currency exchanges to register with the Australian Transactions and Reporting Analysis Centre (AUSTRAC) and comply with certain record-keeping and reporting obligations. Individuals and businesses are also able to use cryptocurrencies for transactions, and are subject to taxes on any capital gains from buying and selling of cryptocurrencies.

How is Crypto Taxed in Australia?

Crypto is taxed in Australia by the Australian Taxation Office (ATO). The ATO considers crypto as property and subject to capital gains tax (CGT) rules. This means any gains or losses from selling or exchanging crypto must be reported and may incur CGT. Business use of crypto is taxed as part of business income or expenses. Accurate record keeping is required for tax purposes.

Conclusion

CoinSpot is by far the best cryptocurrency exchange in Australia, offering a wide range of security features and reliable trading platforms that make it easy for users to buy and sell cryptocurrencies. Whether you're a seasoned crypto trader or just getting started, CoinSpot has everything you need to take advantage of the emerging digital currency market.

With extensive experience in the industry and an unwavering commitment to providing high-quality service, CoinSpot has quickly become one of the most trusted names in the Australian crypto industry. Its robust security features keep your funds safe from cyber criminals and unauthorised access, so you can rest assured that your investments are protected.