Top 12: Best Australian Crypto Exchanges in 2024
If you’re one of the 25% of Australians who own crypto, you’re likely going to want to sell some at some point. But with so many exchanges to choose from, it can be difficult to know what your options are.
This guide is here to give a detailed breakdown of the top 12 crypto exchanges in Australia based on a number of factors from fees, currencies, and features.
How to Find the Best Australian Crypto Exchange
We’ll let you in on a little secret. When it comes to choosing the best crypto platform in Australia, there is no one-size-fits-all. There are several ways to evaluate the merits of an exchange, and some of them are as follows:
- Range of supported assets
- Fees
- Customer support
- Trading options
- Added products and features
Some people might sacrifice cost efficiency in the name of having a more user-friendly experience, or vice versa. The main thing is that you find the exchange that’s right for you and your needs.
It’s also worth noting whether or not an exchange is registered with Australian finance regulator AUSTRAC, as this demonstrates a high standard of security and greatly reduces the risk of users being scammed by the operators of the exchange or left out of pocket in the event of a security breach.
With that in mind, let’s look at the best Australian crypto exchanges in 2024.
Top 12 Crypto Exchanges in Australia: Grineo #1
We would be remiss not to mention our own service, and here’s why. Grineo isn’t just an exchange. With the Grineo card, you can spend USDC and USDT anywhere in the world or withdraw those assets as cash from any ATM. Our customer service is top class and our service is catered exclusively to Australian residents and their needs.
If you want to trade, store, and spend stablecoins in Australia, Grineo is purpose-built to give you the most seamless, user-friendly route to do that that there is.
| Pros | Cons |
|
|
|
|
|
|
Kraken
Kraken is a major US-based exchange that is very popular among Australians, offering over 200 supported assets as well as margin trading, staking, and other advanced trading features. Because it’s designed for advanced traders, the Kraken Pro interface may be confusing for novices to the crypto space, although the regular Kraken homepage presents a more simplified set of options.
Pros |
Cons |
|
|
|
|
Plus500
Plus500 is a trading platform that offers CFDs and stock trading as well as crypto pairs. Plus500 allows you to speculate on crypto price action rather than actually buying and withdrawing crypto. A benefit of using Plus500 is the demo account that lets new users make simulated trades with fake money based on real market data to get a feel for both the market and the platform itself.
Pros |
Cons |
|
|
|
|
|
|
eToro
eToro is another platform that offers stocks and CFDs as well as crypto. However, on eToro, you can actually buy and own crypto that you can withdraw from the platform, unlike its competitor Plus500. eToro also has a popular copy trading feature.
Pros |
Cons |
|
|
|
|
|
|
Binance
Binance is the largest exchange in the world by trading volume, and a popular choice among Australians due to its low fees and wide range of over 350 supported cryptos as well as staking options and advanced trading features.
Pros |
Cons |
|
|
|
|
|
|
|
|
Coinbase
Coinbase is one of the most popular exchanges in the world. Based in the US, Coinbase supports over 200 coins and acts as the first port of entry for many crypto newcomers looking to get involved in the crypto market thanks to its user-friendly interface.
Pros |
Cons |
|
|
|
|
|
|
Bybit
Bybit is an altcoin exchange that offers high stakes with 100x leverage available, catering to a niche demographic of crypto users. However, it also boasts a wide range of cryptos at over 330 coins as well as reasonable fees, making it popular among more casual users as well.
Pros |
Cons |
|
|
|
|
|
|
CoinSpot
CoinSpot is an Australian-based crypto exchange with good customer service, two major bonuses for Australian users. The exchange supports over 390 cryptocurrencies and is considered user-friendly with low fees. Unfortunately, no card allowing users to spend crypto like cash is available at the time of writing.
Pros |
Cons |
|
|
|
|
|
|
|
|
KuCoin
KuCoin is a popular crypto exchange based in Seychelles with a massive selection of over 700 supported crypto assets. KuCoin offers low fees for users trading with its native KCS token, as well as margin trading and borrow features for more advanced traders and users. It’s worth noting that KuCoin was hacked in 2020.
Pros |
Cons |
|
|
|
|
|
|
|
|
Swyftx
Swyftx is popular in Australia thanks to offering AUD support and $1 minimum transactions, presenting a lower barrier to entry than most exchanges. Swyftx is based in Brisbane and has Australian customer support, solving the prevalent issue of foreign exchanges not providing adequate support to customers in need of assistance.
Pros |
Cons |
|
|
|
|
|
|
CoinJar
CoinJar is an Australian exchange founded in 2013 known for being well-established in the market as well as offering extremely low trading fees, a plus for advanced traders who spend a lot of time and money exchanging crypto. In particular, day traders benefit from this kind of fee structure.
Pros |
Cons |
|
|
|
|
|
|
Independent Reserve
Last but not least on our list of the top crypto exchanges in Australia is Independent Reserve, an Australia-based exchange founded in 2013. With features like OTC (over-the-counter) trading designed to facilitate high-value trades capable of changing the market value of a cryptocurrency, Independent Reserve is catered more toward wealthier clientele. It offers 30 supported cryptocurrencies at this time.
Pros |
Cons |
|
|
|
|
|
|
Choosing the Best Crypto Trading Platform in Australia
When considering the best exchange for your needs, consider the following. Do you want advanced trading features to help you with a trading career, or are you more interested in buying and holding funds long-term? Is it important to you that you can actually use your funds like regular cash by cashing out of an ATM or spending in stores, or do you just want to store the funds in a wallet? How security-conscious are you? How important is it that you have access to customer service in case there’s an issue with your funds?
These are the kinds of questions you can ask yourself when weighing up the options for the best exchange for cryptocurrency in Australia for your needs. Once you know what you want, the information on this list should be more than enough to help you make the right choice for your needs.
Happy trading! And remember, to spend crypto like cash, simply download the Grineo app here to get started.
FAQs
What’s the best Australian crypto exchange?
This depends on what your looking for. For a wide variety of options, an exchange like CoinSpot might be a good choice. For great customer service and the ability to spend crypto like cash, the answer is Grineo.
How do I choose the best crypto trading platform in Australia?
Make a list of what you’re looking for in terms of fees, regulatory compliance, supported assets, customer support, and added features and then check our list to see which exchange best matches your needs.
What’s the best Bitcoin trading platform in Australia?
There are many options to choose from. Check our list of exchanges above to see which exchange best suits your needs in terms of fees, added features, regulation, and more.
