After thorough research, we’ve curated a list of the top 5 crypto exchanges in Australia to help you trade securely and efficiently. With numerous platforms available, selecting the right one depends on factors like security, fees, and supported currencies. Below, we break down each exchange’s key features, fees, pros, and cons to simplify your decision-making.
Comparison Table: Top Australian Crypto Exchanges
| Features | CoinSpot | Binance | Swyftx | Gemini | Kraken |
|---|---|---|---|---|---|
| Supported Currencies | AUD | USD, EUR, AUD | AUD | USD, AUD, CAD | AUD, USD, EUR |
| Cryptocurrencies | 310+ | 250+ | 280+ | 60+ | 60+ |
| Trading Fees | 0.1% | 0.1% | 0.6% | 0.3% | Volume-based |
| Payment Methods | Bank transfer, PayID | PayID, Debit Card | PayID, Bank Transfer | Bank Transfer | Bank Transfer |
| OTC Trading | Yes | No | Yes | No | Yes |
| Educational Resources | Yes | Yes | Yes | Yes | Yes |
Key Takeaways
- CoinSpot: Best for beginners with 310+ assets and 0.1% fees.
- Binance: Largest trading volume, ideal for low-cost trading.
- Swyftx: Offers a free bonus on sign-up and 280+ coins.
- Gemini: SOC-certified security with insurance coverage.
- Kraken: Oldest platform with OTC desk for high-volume traders.
1. CoinSpot – Top Australian Crypto Exchange
Founded: 2013 | Users: 2M+ | Assets: 310+
Features
- Security: 2FA, custom withdrawal limits, and session timeouts.
- Trading Tools: Advanced charts with real-time gains/losses.
- Referral Program: Earn $10 BTC for successful referrals.
- OTC Desk: Facilitates high-volume trades privately.
Fees
- Trading: 0.1%
- Withdrawal: Standard network fees apply.
Pros & Cons
| ✅ Pros | ❌ Cons |
|---------|---------|
| Beginner-friendly | No credit card support |
| High asset diversity | No short-selling |
👉 Explore CoinSpot’s security features
2. Binance – Largest Crypto Exchange in Australia
Daily Volume: 2B+ AUD | Assets: 250+
Features
- Multi-Currency Support: Trade in USD, EUR, AUD, and more.
- API Access: For developers and automated trading.
- VIP Program: Reduced fees for high-volume traders.
Fees
- Trading: 0.1% (25% discount with BNB).
- Card Deposits: 4.5% additional fee.
Pros & Cons
| ✅ Pros | ❌ Cons |
|---------|---------|
| Low fees | Complex interface for beginners |
| Global liquidity | Higher card deposit costs |
3. Swyftx – User-Friendly Platform with Free Bonus
Assets: 280+ | Demo Mode: Yes
Features
- AUD-Only: Simplifies local transactions.
- Live Chat: 24/7 customer support.
- Coinswap: Instant crypto-to-crypto exchanges.
Fees
- Trading: 0.6%
- Deposits/Withdrawals: Free (crypto withdrawals incur network fees).
Pros & Cons
| ✅ Pros | ❌ Cons |
|---------|---------|
| Low spreads | Limited to AUD |
| Beginner demo mode | No international support |
👉 Discover Swyftx’s trading tools
4. Gemini – Secure & Insured Trading
Certification: SOC 1 & 2 | Assets: 60+
Features
- Insurance: Covers crypto theft.
- NFTs: Access via Nifty Gateway.
- Recurring Buys: Schedule automated purchases.
Fees
- Trading: 1.99% for purchases >$200.
- Withdrawals: 10 free crypto withdrawals/month.
Pros & Cons
| ✅ Pros | ❌ Cons |
|---------|---------|
| Robust security | Higher fees |
| Multi-fiat support | Fewer assets |
5. Kraken – Trusted OTC Trading Desk
Founded: 2011 | OTC: $100k minimum
Features
- Cryptowatch: Real-time market analytics.
- Affiliate Program: 20% commission on referrals.
- Margin Trading: Up to 5x leverage.
Fees
- Volume-Based: Lower fees for higher trade volumes.
Pros & Cons
| ✅ Pros | ❌ Cons |
|---------|---------|
| High liquidity | Complex fee structure |
| 24/7 support | Not ideal for small traders |
FAQs
1. Which exchange has the lowest fees?
CoinSpot and Binance charge just 0.1% trading fees.
2. Does Gemini insure user funds?
Yes, Gemini provides insurance against crypto theft.
3. Can I trade with AUD on Kraken?
Yes, Kraken supports AUD deposits and withdrawals.
4. Which platform is best for beginners?
CoinSpot and Swyftx offer intuitive interfaces and educational resources.
5. Are OTC desks available in Australia?
Yes, CoinSpot and Kraken provide OTC services for high-volume trades.
Final Thoughts
Each exchange excels in specific areas—CoinSpot for security, Binance for liquidity, Swyftx for AUD traders, Gemini for insured holdings, and Kraken for OTC. Choose based on your trading needs!
👉 Compare all exchanges side-by-side
Note: Always verify fees and features on the official platforms.