Best Crypto Trading Platforms in Australia Reviewed
Selecting the best crypto exchange in Australia requires finding one that aligns with your trading needs—whether you're a beginner, seasoned trader, or somewhere in between. Below, we review the top regulatory-compliant platforms available to Australian investors.
Swyftx: Best Australian Exchange for Newbies and Experienced Traders
Swyftx stands out as a top choice for Australian traders due to its low fees, robust security, and beginner-friendly interface.
- Regulation: Licensed by AUSTRAC.
- Trading Fees: Start at 0.06%, decreasing with higher trading volumes.
- Deposits/Withdrawals: Supports PayID, bank transfers (free), and card deposits (small fee).
- Security: Two-factor authentication (2FA) and 90% cold storage for user funds.
Key Features
- Demo Trading: Practice strategies risk-free.
- Auto Invest: Recurring investments across multiple assets.
- 24/7 Customer Support.
| Pros | Cons |
|------|------|
| Low fees | Card deposit fees |
| AUD-free withdrawals | Network fees on crypto withdrawals |
CoinSpot: Most Secure Australian Exchange
Established in 2013, CoinSpot offers a balance of security and simplicity.
- Supported Cryptos: 500+.
- Fees: 1% flat fee (lower for OTC/market orders).
- Regulation: AUSTRAC-registered, ISO 27001-certified.
Key Features
- Staking/NFT Marketplace.
- CoinSpot Mastercard: Spend crypto as fiat.
| Pros | Cons |
|------|------|
| Strong security | Higher fees than competitors |
| AUD PayID deposits | No margin trading |
Independent Reserve: Best for Tax Reporting
Ideal for SMSF investors and high-net-worth traders.
- Cryptos: 30 (focus on quality over quantity).
- Fees: 0.02%–0.5% (volume-based).
- Tools: AutoTrader (DCA) and tax reports.
Key Features
- Multi-Currency Support: AUD, USD, NZD, SGD.
- OTC Desk: For large trades.
| Pros | Cons |
|------|------|
| Tax-friendly | Limited altcoins |
| Institutional-grade security | Complex for beginners |
Kraken: Advanced Trading with Low Fees
A global exchange with strong AUD support.
- Leverage: 5x on margin trades.
- Fees: 0%–0.26%.
- Security: ISO 27001-certified.
Key Features
- 200+ Cryptos.
- Futures/Staking.
| Pros | Cons |
|------|------|
| Low fees | Few AUD pairs |
| Robust security | Slow customer support |
How to Choose a Crypto Exchange in Australia?
- Regulatory Compliance: Prioritize AUSTRAC-registered platforms.
- Security: Look for 2FA, cold storage, and insurance.
- Fees: Compare trading, deposit, and withdrawal costs.
- Cryptos: Ensure your preferred coins are listed.
- User Experience: Opt for intuitive interfaces and responsive support.
FAQs
What’s the best crypto exchange for beginners?
Swyftx and CoinSpot offer easy-to-use interfaces and educational resources.
How are crypto profits taxed in Australia?
Capital Gains Tax (CGT) applies. Hold assets 12+ months for a 50% discount.
Can I buy crypto with AUD?
Yes! Platforms like Swyftx, CoinSpot, and Independent Reserve support AUD deposits via PayID/bank transfers.
Conclusion
From Swyftx’s low fees to Independent Reserve’s tax tools, Australia offers diverse exchanges. Choose based on your trading style, and always prioritize security and compliance.