If you want to buy Bitcoin in Australia, you may not know where to start. Getting your first satoshis or other crypto assets can be a bit overwhelming. Not only are there many different crypto exchanges to choose from, every country has different options and they all offer different features.
To get you started, here are some of the best crypto exchanges for Australians
eToro is a worldwide multi-asset brokerage company that is available in more than 100 countries. It was founded back in 2007 as an online trading platform, but didn’t start offering crypto until 2017. It has almost 50 coins listed.
| Difficulty | Beginner |
| Trading fees | 1% |
| Withdrawal fees | $5 USD + currency conversion fee |
| Deposit limit | $10,000 a day |
| Platforms | Web app and mobile |
| Earn interest | Yes |
| User support | Call center and email |
Because eToro only trades in USD, there is a currency conversion fee if you want to withdraw AUD.
There’s a $50 minimum deposit amount and if you haven’t verified your account, the maximum deposit per day is $2,250. Plus, there’s a $10 inactivity fee each month after your account has been dormant for a year.
If you want to stake crypto, the platform will stake ADA, TRX, or ETH on your behalf. You’ll earn staking rewards without having to manage it, but eToro keeps a percentage of the rewards.
eToro is regulated by ASIC and requires KYC-AML. To open an account, you must provide both:
| Pros | Cons |
| Great user interface | Requires ID verification |
| Trading features for non-crypto assets | Currency conversion fees |
| $100,000 of virtual money in demo account | Can’t transfer crypto out |
| Staking rewards |
Choose eToro if…
You want to trade other assets besides crypto or you’re willing to have various fees as a cost for usability.
Coinspot was founded in 2013 and is one of the oldest exchanges in Australia. It has grown to be the largest exchange in the country. If you’re looking for a wide variety of cryptocurrencies, this exchange offers more than 370 coins.
| Difficulty | Beginner |
| Trading fees | 1% |
| Withdrawal fees | None |
| Deposit limit | $2,000 a day |
| Platforms | Web app and mobile |
| Earn interest | Yes |
| User support | 24/7 live chat and email |
Keep in mind that different methods have different fees and limits.
A default account allows you to deposit a maximum of $2,000 a day, but it’s possible to increase that limit to up to $100,000 with additional ID verification.
You can earn interest on your crypto with CoinSpot’s “Earn” program which offers various fixed APYs for 21 different coins. There’s no lockup period so you can withdraw them any time.
CoinSpot is regulated by AUSTRAC and ASIC and requires KYC-AML. To open an account, you must provide one of these:
| Pros | Cons |
| Lots of cryptocurrencies | Requires ID verification |
| Free deposits and withdrawals | Limited trading features |
| Easy to use | |
| Offers interest on crypto |
Choose CoinSpot if…
You don’t mind a highly regulated exchange but you want lots of crypto options.
Swyftx was founded in 2018 by two college students at the University of Sydney. They aimed to solve problems they saw with other trading platforms. It offers 310 cryptocurrencies and is popular for its low fees.
| Difficulty | Beginner |
| Trading fees | 0.6% |
| Withdrawal fees | None |
| Deposit limit | $50,000 a day |
| Platforms | Web app and mobile |
| Earn interest | Yes |
| User support | 24/7 live chat and phone support |
There are also currency conversion fees when trading in USD.
There’s a $30 minimum deposit amount. The maximum deposit per day can be increased to $100,000 with complete account verification.
You can earn interest on your crypto on Swyftx. There are fixed APYs for 20 different coins. There’s no lockup period so you can withdraw them any time.
Swyftx is regulated by AUSTRAC and requires KYC-AML. To open an account, you must provide both:
| Pros | Cons |
| Low trading fees | Requires ID verification |
| Good customer service | Currency conversion fees |
| Offers interest on crypto | |
| Lots of cryptocurrencies |
Choose Swyftx if…
You’re interested in specific coins for high APY returns or you want deposit and withdrawals to be easy.
Digital Surge is an Australian crypto exchange founded in 2017. A unique feature is the ability to pay bills with Bitcoin using BPAY. It offers more than 250 cryptocurrencies.
| Difficulty | Beginner |
| Trading fees | 0.5% |
| Withdrawal fees | None for AUD |
| Deposit limit | $8,000 a day |
| Platforms | Web app and mobile |
| Earn interest | Yes |
| User support | 24/7 live chat and email |
You can also send crypto to the platform but there’s a withdrawal fee to transfer it off the exchange.
There’s an $8,000 a day deposit limit when you use POLi and a small deposit fee of up to $3.30.
You can earn interest on your crypto on Digital Surge. There are fixed APYs for 13 different coins. There’s no lockup period so you can withdraw them any time.
Digital Surge is registered with AUSTRAC and ASIC and requires KYC-AML. To open an account, you must provide one of these:
| Pros | Cons |
| Low trading fees | Requires ID verification |
| Pay bills with Bitcoin | Some deposit fees |
| Offers interest | |
| Advanced trading features |
Choose Digital Surge if…
You want free deposits and withdrawals using PayID and some of the lowest trading fees.
CoinJar is Australia’s longest-running cryptocurrency exchange, founded in 2013. It focuses on simplicity and security. The exchange offers more than 50 cryptocurrencies and a CoinJar debit card.
| Difficulty | Beginner |
| Trading fees | 1% |
| Withdrawal fees | None |
| Deposit limit | Variable |
| Platforms | Web app and mobile |
| Earn interest | No |
| User support | Ticket support Mon-Fri |
There’s a 2% fee to transact with credit cards or Apple and Google Pay.
You can’t make deposits until you’ve verified your account. After that, you can see your limits in the app and apply to increase them.
There are no staking or interest earning features on CoinJar, but you can earn rewards points by using the platform or a CoinJar Card. These rewards can be redeemed to cover fees.
CoinJar is regulated by AUSTRAC and requires KYC-AML. To open an account, you must provide one of these:
| Pros | Cons |
| Offers pre-loaded CoinJar Mastercard | Requires ID verification |
| Many deposit options | Only 50 cryptocurrencies |
| Rewards offset trading fees | Limited customer support |
| Advanced trading features |
Choose CoinJar if…
You want to buy crypto conveniently with Apple or Google Pay or you want a crypto debit card.
As you can see, the best exchange for you will depend on what features and options are most important to you. But, user experience for all of these platforms is excellent for new investors and whatever you decide, you can’t go wrong with any of these top crypto exchanges in Australia!
Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.
He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.
To learn more about Jordan, see his full bio.
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