Cryptocurrency trading has surged in popularity across Australia, with over 1 million Australians now owning digital assets. Navigating the myriad of exchanges can be daunting—how do you identify secure platforms, avoid scams, and select the right one for your needs?
After extensive research and testing, we’ve curated the top crypto exchanges in Australia, evaluating factors like security, fees, user experience, and available cryptocurrencies.
Key Considerations:
- Diversify your holdings across multiple platforms to mitigate risk.
- Test exchanges with small amounts before committing significant funds.
- Leverage sign-up bonuses and educational resources.
Best Crypto Exchanges in Australia
1. Bitget – Best Overall for Advanced Traders
- 871+ cryptocurrencies supported.
- Low fees: 0.1% spot trading, 0.02%/0.06% futures.
- Copy Trade feature mirrors top traders’ strategies.
- Earn section for passive income via staking.
| Pros | Cons |
|------|------|
| ✅ High liquidity & leverage (125x) | ❌ No AUD withdrawals |
| ✅ Robust security (2FA, cold storage) | ❌ Steeper learning curve for beginners |
2. MEXC – Lowest Fees & High Leverage
- 1,800+ coins, 0% spot trading fees.
- 200x leverage for derivatives.
- Free trading bots automate strategies.
| Pros | Cons |
|------|------|
| ✅ Liquidity leader | ❌ No fiat withdrawals |
| ✅ Discounted fees for referrals | ❌ Limited instant buys |
3. CoinSpot – Best for Beginners
- 370+ coins, AUD support.
- CoinSpot Mastercard for crypto spending.
- AUSTRAC-regulated, 24/7 live chat.
| Pros | Cons |
|------|------|
| ✅ User-friendly interface | ❌ 1% fee for instant buys |
| ✅ High trust (founded 2013) | ❌ Blueshyft deposit fees |
4. Bybit – Popular for Derivatives
- 10M+ users, 100x leverage.
- Demo mode for practice.
- 0.01%/0.06% futures fees.
| Pros | Cons |
|------|------|
| ✅ Advanced charting tools | ❌ Complex for new traders |
| ✅ Copy Trading & NFTs | ❌ High crypto withdrawal fees |
5. Swyftx – Beginner-Friendly
- 320+ coins, demo mode.
- Free AUD deposits/withdrawals.
- Staking options.
| Pros | Cons |
|------|------|
| ✅ AUSTRAC-regulated | ❌ 0.6% trading fee |
| ✅ Live chat support | ❌ Australia/NZ only |
How to Choose an Exchange
Security
- Prioritize platforms with 2FA, cold storage, and ISO 27001 certification.
Regulation
- Opt for AUSTRAC-registered exchanges (e.g., CoinSpot, Swyftx).
Fees
- Compare trading fees (0.1%–1%) and spreads.
Reputation
- Check user reviews and platform longevity.
Support
- 24/7 live chat (e.g., CoinSpot) is ideal.
FAQs
Q: Which exchange has the lowest fees?
A: MEXC offers 0% spot trading fees and low futures fees (0.02%/0.06%).
Q: Best exchange for beginners?
A: CoinSpot or Swyftx for their intuitive interfaces and AUD support.
Q: Can I trade crypto anonymously in Australia?
A: Most platforms require KYC; MEXC allows limited匿名 trading.
Q: How do I avoid scams?
A: Use regulated exchanges and avoid unsolicited investment offers.
Final Thoughts
Bitget excels for advanced traders, while CoinSpot and Swyftx cater to beginners. Always diversify your holdings and start with small amounts to test platforms.
Disclaimer: Crypto trading involves risk. Only invest what you can afford to lose.