Best Crypto Exchanges in Australia Updated September 2023

This includes licenses with both the FSA and CySEC, so safety should not be a concern. For example, you can buy and trade stocks listed in the fake US, UK, Hong Kong, and several European exchanges. You can also trade 16 digital currencies and over 250+ ETFs (exchange-traded funds).

It makes it here because we feel you would probably like the many passive income-generating avenues it presents to all its users.
You can also trade in various fiat currencies, a feature that few Australian exchanges have.
These credits can be utilized or exchanged for other rewards, including valuable NFTs, to encourage more individuals to opt for EVs over conventional petrol vehicles.
When choosing an exchange, you might want to consider factors such as fees, security, coin selection, trading options, or earning potential.
They not only have the largest selection of cryptocurrency available, but also offer a highly advanced trading interface that allows you to place multiple orders.

The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. Levels of liquidity determine how easily and swiftly you can complete trades. If an exchange site has high liquidity, it means that its trading volume is high, and you can complete trades quickly. EToro also has a demo account feature that comes with $100,000 of virtual money.

What is a crypto exchange?

EToro Australia allows users to invest in cryptocurrencies, stocks, forex and even commodities. There is a strong focus on social trading, where you can interact with other investors and even copy successful traders. Crypto.com is an incredibly easy-to-use mobile app that allows users to instantly buy and sell 250+ coins from their phone, earn interest, and spend funds using the free Visa card. Coinstash has zero deposit or withdrawal fees for AUD which means more money to spend on crypto! Trading fees are 0.85%, which is higher than some other exchanges on this list, but still lower than CoinSpot’s 1% fee. The good news is that we have a special offer from Coinstash if you sign up with this link.

It should have a quick account creation process, maintain an intuitive trading interface, and also have a straightforward crypto buying and selling process. With research, you can accurately assess the exchange’s commitment to the security of client funds and data. It is also important that you also only register with crypto exchanges that provide users with free and ultra-secure wallets. You will also want to confirm the number of cryptocurrencies supported by your preferred crypto exchange. Additionally, confirm the number and liquidity of supported crypto trading pairs.

Best Crypto to Buy in Australia – Beginner’s Guide

This is evidenced by the fact that OKX has one of the easiest and most straightforward client onboarding processes. This has all the important features like the buy crypto, trade, grow, learn, and wallet clearly displayed. You, too, would appreciate buying crypto on Coinspot because it not only supports a decent selection of virtual currencies but also maintains highly competitive transaction fees.

If your share trading platform operates with a CHESS-sponsored model, you’ll be provided with a Holder Identification Number (HIN) if you don’t already have one. There’s a lot of lingo when it comes to investing, and CHESS-sponsored trades is another one to add to your investment encyclopedia. Put simply, CHESS-sponsored trades means the ASX has a record of you owning the shares directly. Some automatically offer live pricing to all users, while other platforms may charge a fee in order to access live-pricing feeds. The common fees to be aware of are account fees or subscription fees, brokerage fees, ETF trading fees, international trading fees, withdrawal fees, and currency conversion fees. This higher tier provides access to premium charting and comparisons, as well as instantaneous company announcement and alerts to keep you up to speed with market changes.

Supported Cryptocurrencies

There is no monthly account or subscription fee, and regardless of whether you are trading on the ASX or US shares, the brokerage fee is a flat $5 for each trade. CMC Markets offers a wide range of trading options for its users beyond simply trading shares. There is a minimum of $500 for the first trade, with users also able to trade in CFDs, forex, commodities, indices, options, cryptocurrencies and sharebaskets (some securities require higher buy-ins). That’s why we’ve given you a head-start with our pick of the best share trading platforms, also known as online brokers, available in Australia.

Experienced traders will love using Bybit for their advanced charts, technical tools, and trading options like margin trading, with up to 100x leverage.
Some trading platforms in Australia will also charge you an annual maintenance fee when you make traditional investments.
When choosing a trading platform, you should check the FCA register to ensure that your platform is authorised.
Price action trading involves studying the past price movement of the market and placing trades accordingly.
Quantum AI is equipped with many features that can greatly assist people in making an effective and profitable trade.

This hugely popular online broker gives you access to more than 135 global markets across 33 nations. Eightcap is a very transparent trading app that offers direct market access with no price manipulation, and it also boasts premium liquidity. Overall, this is a great app if you’re looking to trade US and Australian stocks with low spreads. It offers some really fantastic educational tools, including videos and an ebook, and there’s also professional accounts available with more advanced settings.

What do I need to know about buying US shares?

Understanding what fees you need to pay can be challenging, so we prefer trading platforms that are upfront about their charges. But, it’s calculated as a percentage, so the more you stake, the more you will pay. Crucially, the best trading platforms Australia offer super-competitive overnight financing rates. This allows you to keep your position open for longer without getting your margins eaten away at. It is difficult to find trading platforms with no spread, But, we have discussed low spreads through this guide on the best online brokers Australia.

We also appreciate that it is not only a multi-platform exchange but that it also has user-friendly trading interface.
All the key facets of starting and building a cryptocurrency portfolio are easily identifiable to ensure a seamless trading experience.
Discover the top Australian crypto exchanges offering secure transactions, diverse coin options, and excellent user experiences.
Using leverage in your trading will gain much more exposure to the market you are trading in than what you deposited to open the position.
To get the ball rolling, click on the ‘Join Now’ button – which you’ll find on the homepage.
Binance is the largest cryptocurrency exchange in the world based on trading volume.

Crypto.com is a fantastic cryptocurrency trading platform accessible on both desktop and mobile. It is not just a place to purchase and sell digital assets however, there are many additional options like the marketplace for NFT, Visa debit card, earning, and staking. While many of the best Australia trading platforms we have discussed thus far are geared towards newbies – CMC Markets is a great option if you are a seasoned pro. This is because the platform offers a huge selection of advanced trading tools that provide day and swing traders with everything they need to outperform the markets. Several providers had overly complex trading platforms, especially when placing orders.

What is the most leveraged crypto trading platform?

In addition to its product variety, eToro is regarded as one of the best platforms to buy crypto. In addition to BTC, ETH, ADA, DASH, – and DOGE, eToro offers 17 different cryptocurrencies. Some cryptocurrencies, however, are available only in specific jurisdictions.

With that said, CMC Markets also supports MT4, should this be your trading platform preference.
Local traders should do their own research and determine what exchange will suit their needs best, whether that is an Australian exchange or an exchange based overseas.
On top of this, I was really glad to find out that BTC Markets supports the most popular advanced order types such as take-profit, stop-limit, and time-in-force orders.
Some exchanges have wider spreads, which effectively increases the fee you pay per transaction.
Although, the high trading fees should be avoided if possible, or consider using a Coinspot alternative in this list.

You receive various benefits depending on the amount of CRO you stake, and these include Netflix rebates, Spotify rebates, Airbnb rebates, and even complimentary airport lounge access. Not only that, but when you use your Visa debit card to spend AUD or crypto (which you pre-load beforehand), you receive up to 5% cashback paid in CRO on every purchase. Another – reason I rank Digital Surge so highly, is because of their attractive low fees and tight spreads. The trading fees are 0.5%, and this reduces as you increase your trading volume. I conducted a test comparing Digital Surge against CoinSpot, Swyftx and Crypto.com on my personal accounts, and Digital Surge came out on top by a wide margin for fees and spread.

Freetrade: General Investment Account

This is also referred to as a foreign currency conversion fee and typically varies from 0.5% to 1.5%. Overall, Freetrade may be a good option for regular traders wanting a cheap, no frills trading account. Investors can buy a wide range of overseas shares, and it charges one of the lowest foreign exchange fees of 0.5%.

These include the fact that it is deeply liquid, with crypto transactions in excess of $10 Billion traded on the exchange monthly.
Once these steps are completed, you will have successfully opened a crypto exchange account.
To learn about all the features and trading options available on eToro, click here.
Liquidity refers to the amount of capital a Bitcoin exchange possesses on a particular pair.

It has a user-friendly interface, low trading fees, and offers 24/7 customer support. It also has a wide range of cryptocurrencies available for trading, making it a versatile option for traders. A cryptocurrency wallet is an important tool for managing and storing your digital assets.

What is the best Bitcoin trading platform for beginners?

Bybit is the best choice for frequent traders, with extremely low fees, wide range of coins, and plenty of trading markets. As for the fee structure, I want to add that for BTC-based pairs, you’ll pay a fixed amount of 0.22%, while trading fees for AUD pairs depend on your 30-day trading volume. Concerning the main scope of operation, I’d say that CoinJar is focused on instant crypto purchases and sales. As a typical brokerage service, the exchange features easy navigation, fast transactions, and a neat interface. In return, it charges handsomely for the smooth service — 1% per transaction. Furthermore, an additional 1% is added for each fiat withdrawal settled on your Australian bank account and 1.5% if you make a deposit through Blueshyft.

Because of this, if you want to sell Ethereum and buy Bitcoins, you can do so through just one trade instead of first changing your crypto to fiat and using it to buy Bitcoins.
Their onboarding process is very simple and the trading interface is easy to use.
While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed.

So the Quantum AI trading software is perfect for both traders who want to trade on their own and also for people who do not want to be directly involved in trading. You can also customize the assistance that you need from Quantum AI as you want. The strategy applied by the software will give a person real-time insight into the market and will also notify them if any changes or fluctuations happen in the market. Quantum AI has many advanced strategy features that make the software efficient in finding the right trading opportunities.