Best Crypto Exchanges in Australia

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 logo

eToro

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.

Overview Table

DifficultyBeginner
Trading fees1%
Withdrawal fees$5 USD + currency conversion fee
Deposit limit$10,000 a day
PlatformsWeb app and mobile
Earn interestYes
User supportCall center and email

Payment methods

Because eToro only trades in USD, there is a currency conversion fee if you want to withdraw AUD.

Deposit limits

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.

Earn interest

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 - Supported Crypto assets and Staking Rewards

Regulation and ID

eToro is regulated by ASIC and requires KYC-AML. To open an account, you must provide both:

Pros and Cons

ProsCons
Great user interfaceRequires ID verification
Trading features for non-crypto assetsCurrency conversion fees
$100,000 of virtual money in demo accountCan’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.


conspot-logo

CoinSpot

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.

Overview Table

DifficultyBeginner
Trading fees1%
Withdrawal feesNone
Deposit limit$2,000 a day
PlatformsWeb app and mobile
Earn interestYes
User support24/7 live chat and email


Payment methods

Keep in mind that different methods have different fees and limits.

Deposit 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.

CoinSpot - Deposit fees and limits

Earn interest

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.

Regulation and ID

CoinSpot is regulated by AUSTRAC and ASIC and requires KYC-AML. To open an account, you must provide one of these:

Pros and Cons

ProsCons
Lots of cryptocurrenciesRequires ID verification
Free deposits and withdrawalsLimited 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-logo

Swyftx

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.

Overview Table

DifficultyBeginner
Trading fees0.6%
Withdrawal feesNone
Deposit limit$50,000 a day
PlatformsWeb app and mobile
Earn interestYes
User support24/7 live chat and phone support


Payment methods

There are also currency conversion fees when trading in USD.

Deposit limits

There’s a $30 minimum deposit amount. The maximum deposit per day can be increased to $100,000 with complete account verification.

Earn interest

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 Earnings Calculator

Regulation and ID

Swyftx is regulated by AUSTRAC and requires KYC-AML. To open an account, you must provide both:

Pros and Cons

Pros Cons
Low trading feesRequires ID verification
Good customer serviceCurrency 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.


swyftx-logo

Digital Surge

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.

Overview Table

DifficultyBeginner
Trading fees0.5%
Withdrawal feesNone for AUD
Deposit limit$8,000 a day
PlatformsWeb app and mobile
Earn interestYes
User support24/7 live chat and email


Payment methods

You can also send crypto to the platform but there’s a withdrawal fee to transfer it off the exchange.

Deposit limits

There’s an $8,000 a day deposit limit when you use POLi and a small deposit fee of up to $3.30.

Earn interest

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 Earnings by coin

Regulation and ID

Digital Surge is registered with AUSTRAC and ASIC and requires KYC-AML. To open an account, you must provide one of these:

Pros and Cons

ProsCons
Low trading feesRequires ID verification
Pay bills with BitcoinSome 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.


swyftx-logo

CoinJar

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.

Overview Table

DifficultyBeginner
Trading fees1%
Withdrawal feesNone
Deposit limitVariable
PlatformsWeb app and mobile
Earn interestNo
User supportTicket support Mon-Fri


Payment methods

There’s a 2% fee to transact with credit cards or Apple and Google Pay.

Deposit limits

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.

Earn interest

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 Card Rewards

Regulation and ID

CoinJar is regulated by AUSTRAC and requires KYC-AML. To open an account, you must provide one of these:

Pros and Cons

ProsCons
Offers pre-loaded CoinJar MastercardRequires ID verification
Many deposit optionsOnly 50 cryptocurrencies
Rewards offset trading feesLimited 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.

Conclusion

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!

About the Author: Jordan Tuwiner

jordan tuwiner

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.