The Canberra Times

Best crypto exchanges in Australia for 2024

Best crypto exchanges in Australia for 2024
Best crypto exchanges in Australia for 2024

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Cryptocurrency has become increasingly popular throughout Australia, which has led to many different cryptocurrency exchanges to choose from. If you want to get started with trading crypto, how do you figure out which exchanges are legitimate, which are a scam, and which one is the right fit for you?

In this guide, Daniel Chan of goes through some of the best cryptocurrency exchanges in Australia to help you find the right one for your needs.

Top three exchanges in Australia:

#1. Bybit exchange (Claim up to $30,000 bonus)

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Bybit is the #1 cryptocurrency exchange in Australia since it ticks off every box on a crypto trader's checklist. It has more than $10 billion daily trading volume, low fees of 0.1% for Spot Trading, and extremely competitive fees for Derivatives Trading (0.02% for makers and 0.055% for takers).

With more than 330+ cryptocurrencies to trade, via spot trading or derivatives (USDT Perpetual contracts, Inverse Perpetual contracts, Inverse Futures contracts and Options), experienced traders will love Bybit.

The platform is well-suited to serious traders, with 99.99% system functionality and a super-fast trade speed of 100,000 trades per second.

There are a variety of key features on Bybit, for example advanced charts, technical analysis tools, and also Margin Trading, with up to 100x leverage.

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Beginners to crypto can also use Bybit easily, by purchasing cryptocurrency directly using AUD. Bybit supports popular payment methods such as Visa/Mastercard and Apple Pay.

If you find yourself having any trouble trading on Bybit, their customer support is just a click away and the 24/7 live support will get your queries answered. With such a user-friendly interface, it's no wonder that Bybit comes to mind as the best crypto exchange in Australia.

Bybit also caters well to those who have a large asset balance or a high monthly trading volume, with a VIP Program so that you can gain access to preferential rates, and attend VIP events and campaigns.

You can also claim up to $30,000 in bonuses if you meet the deposit and trading requirements on Bybit Rewards Hub.

Sign up here to access this offer as well as $5 FREE Bitcoin.

After purchasing crypto, beginners can make use of Bybit's Copy Trading platform to copy the trades of successful traders.

This process is automated and it serves as an excellent method for novice traders to potentially profit off of crypto trading right from the get-go. Furthermore, they can pick up insights from experienced traders and replicate their trading strategies on their own in the future.

Those who are experienced in crypto trading can choose to register themselves as Principal Traders and earn 11% commissions from the trades executed by their followers.

This creates a win-win situation for both novice and experienced traders.

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Another way for Bybit users to earn passive income is through Bybit Earn products such as Flexi Savings, Liquidity Mining, Dual Asset and Shark Fin. With these products, Bybit users can enjoy competitive annualised percentage yields of up to 479.43%.

Those who have a lower risk appetite can also rest assured that these products would be a safe investment choice, especially Flexi Savings and Shark Fin as they are both principal-guaranteed.

Security is an important factor to consider when choosing a crypto exchange, and Bybit excels in this department.

It uses all of the standard security protocols that you would expect from crypto exchanges, such as 2FA, encryption, an industry-leading HD cold wallet for asset storage, as well as a review of each withdrawal to ensure they are legitimate and authorised.

However, what sets Bybit apart from others is that it goes one step further and incentivises hackers to find and report bugs and vulnerabilities through its Bug Bounty Program, in return for a monetary reward. If you trade on Bybit, you can rest assured that your funds and personal data are secure.

Another feature worth mentioning is Bybit's Testnet, also known as the demo mode. This is a brilliant way for users to practise trading, and learn how everything works without risking any of their funds.

The testnet follows the exact prices of the actual market, so your simulations are accurate and in real-time. Once you gain enough confidence to try your hand at crypto trading, it becomes easier to execute it on the actual trading interface.

Excited to start crypto trading? Take advantage of Bybit's exclusive welcome offer now, where new users receive $5 FREE BTC without having to make a deposit, and also receive up to $30,000 bonus. All you have to do is sign up with this unique link.

  • #1 crypto exchange in Australia, perfect for frequent traders
  • 0.1% spot trading fees
  • Extremely low derivatives trading fees: 0.02% maker, 0.055% taker
  • More than 330+ cryptocurrencies available to trade
  • Buy crypto with AUD using Visa/Mastercard, Apple Pay, and Google Pay
  • 24/7 Live Chat customer support
  • Margin trading with up to 100x leverage
  • Copy Trading for beginners to trade like an expert and for experienced traders to earn passive income
  • Bybit Earn to earn a passive income with competitive annualised percentage yields
  • Testnet (demo mode) to learn how to trade using virtual money

#2. CoinSpot exchange

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CoinSpot came on the scene in the Australian crypto market in 2013 and they have gathered momentum, growing their user base to more than 2.5 million users.

CoinSpot's security is industry-leading, as the most externally audited exchange in Australia, and holding ISO 27001 certification.

This backs up their claim of being the most secure and trusted platform in Australia, and users can trade with peace of mind on CoinSpot.

CoinSpot's popularity comes from the fact it is so simple to use, and offers a huge range of more than 410+ cryptocurrencies. Even a complete beginner will be able to deposit money and instantly buy or sell crypto on this exchange.

CoinSpot offers 24/7 Live Chat so there is always someone to help you if you are struggling with anything on your account.

This may not seem like an important feature, but if you are new to crypto and you are trying to find an answer to a question yourself, you will quickly realise how valuable this support is.

We have experienced problems on other crypto platforms before, where there is no live chat support, and it is a headache trying to resolve any issues.

CoinSpot has also introduced an NFT marketplace where you can easily buy and sell NFTs straight from your account, using any cryptocurrency you prefer.

You don't have to deal with a separate platform like OpenSea and connect a third-party wallet to get your hands on some digital artwork. You can easily find NFTs you like, straight on CoinSpot's platform, and purchase it quickly with no need to waste time and fees on converting your cryptocurrency first.

We tried out this feature, and we were able to buy an NFT using BTC from our account in under 2 minutes.

  • $20 FREE Bitcoin if you sign up with this link
  • The most trusted and secure exchange in Australia
  • Simple registration and easy to use platform
  • More than 410 crypto coins available to purchase with AUD
  • Buy and sell NFTs easily using any cryptocurrency you like
  • Many deposit methods: bank transfer, PayID, POLi, BPAY, cash deposit, crypto
  • 24/7 live chat support available

#3. Swyftx exchange

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If you are looking for an Australian-based cryptocurrency exchange, Swyftx is a top choice, with loads of different features for both beginner investors and advanced traders alike.

Swyftx offers an easy-to-use interface, demo mode, low fees, and 24/7 Live Chat.

Swyftx supports more than 320 cryptocurrencies which can be easily bought using AUD, and the number of coins is always increasing as they are added on a regular basis. The fees to buy, sell, or trade are only 0.6% per transaction, and the average spreads are low, at just 0.51%, according to our personal tests.

Depositing and withdrawing AUD is free of charge, regardless of which payment method you use, which means more money for you to trade crypto.

Being new to trading crypto can sometimes be a daunting experience, but Swyftx has put in a lot of work to make the experience as simple and easy as possible for newcomers.

It has a clean, easy-to-navigate interface, and you can easily buy or sell crypto instantly whenever you like. There's no need to place limit orders or make sense of complicated graphs, although experienced traders who prefer to do this also have that option.

Swyftx also offers a Demo mode which is easily accessed by clicking a button, and you can access $10,000 play money to test out different strategies without any financial risk.

The prices in the demo mode reflect real-time crypto prices, giving you a true sense of how it works. We have used this demo mode to practise various strategies from trading courses, and learnt many valuable lessons doing so.

If you happen to run into any issues while using Swyftx, you can quickly and easily receive assistance through 24/7 Live Chat customer support.

The support team is very knowledgeable and responsive, which is great for newbies who need some guidance. Every time we test out the live chat functionality, we are greeted with support staff within a couple of minutes.

  • $20 FREE Bitcoin when you sign up here
  • Easy to use with 24/7 live chat support available
  • Practice risk-free with $10,000 virtual money in the demo account
  • Over 320 cryptocurrencies available to buy and sell using AUD
  • Brisbane-based and registered with AUSTRAC
  • Low trading fees of 0.6% with no hidden costs
  • Many deposit methods: bank transfer, OSKO, PayID, credit card, debit card, POLi, and cryptocurrency

#4. Coinstash exchange

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Coinstash stands out as a reputable Australian crypto platform, facilitating the trade of over 1,000 cryptocurrencies with AUD.

What truly sets Coinstash apart is its innovative DeFi Connector feature, granting users access to an expansive range of over 500 coins from the DeFi sector. This feature isn't commonplace on many other platforms, making Coinstash an ideal choice for investors keen on diving into niche altcoins at their early stages.

For those just dipping their toes into the world of cryptocurrency, Coinstash offers a welcoming platform. It boasts a user-friendly interface, meticulously designed for effortless navigation. Should you find yourself with any issues, there's always the live chat support, readily available from 9 am to 11 pm daily.

Another perk of Coinstash is its commendable fee structure. AUD deposits or withdrawals are free of charge, and the trading fee of 0.85% is reasonable. While it is slightly higher than some competitors, it's still lower than CoinSpot's 1% fee.

To encourage users to join, Coinstash is currently running a special promotion: sign up with this link and earn up to $200 in Bitcoin for free, when you purchase a minimum of $1,000 of crypto in the first 30 days.

  • Beginner-friendly platform with easy-to-use features
  • Over 1,000 cryptocurrencies available to buy and sell
  • Unique DeFi Connector where you can access 500+ DeFi coins
  • Swap between any coins easily
  • Claim up to $200 BTC when you buy crypto in your first 30 days
  • Secure, compliant, and safe

#5. Digital Surge exchange

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Digital Surge stands out as an ideal crypto exchange tailored for both novices and intermediate crypto enthusiasts. Praised for its seamless and intuitive interface, the platform also boasts 24/7 live chat support to resolve any user issues.

A wide range of over 300 coins means you can easily invest in the most popular cryptocurrencies as well as newer altcoins.

One of the main reasons why Digital Surge makes this list is its competitive fee structure, characterised by low fees and tight spreads. The base trading fee is 0.5%, but this is reduced as your monthly trade volume increases.

We conducted a real-world test, comparing Digital Surge with CoinSpot, Swyftx, and, and Digital Surge demonstrated the lowest combined fees and spread. Have a look at our method and results here.

Digital Surge offers a unique feature among Australian crypto exchanges. They enable their users to pay Australian bills or credit cards with Bitcoin from their account. As long as the bill has a BPAY biller code, you can make payment using BTC.

This is a great way to encourage the adoption of crypto as a mainstream payment method. If you want to sign up with Digital Surge, use this link to receive $10 Bitcoin for free.

  • Lowest fees and spreads in our real-world test
  • More than 300 cryptocurrencies to instantly buy and sell
  • 24/7 live chat support
  • Free $10 Bitcoin when you sign up with this link
  • Pay Australian bills and credit cards using Bitcoin

#6. MEXC exchange

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MEXC is the best crypto exchange for avid crypto traders who want a platform that can do it all. We have found that many serious traders sign up to MEXC, and then continue to use it for all their needs.

Through our surveys, MEXC users tell us that the top reasons they like MEXC is the huge range of 1,520 cryptocurrencies, margin trading, futures trading, bot trading, and copy trading.

With such an extensive range of coins, markets and features available, you may think that the fees will be high on MEXC. We were surprised to discover this is not the case, as they actually charge ZERO fees for spot trading.

Not only that, but makers for futures trading also pay 0% fees. The only trading fees incurred are by takers when futures trading, and it is an extremely low 0.01%.

If you want to access even lower fees, sign up with this link to receive 10% off all trading fees, plus $30 USDT for free!

If you have some knowledge regarding trading, whether in crypto or traditional finance, you will appreciate how important it is to have deep liquidity. MEXC excels in this area, with the highest liquidity among crypto trading platforms around the world.

When you compare MEXC's liquidity to Bybit, Binance, KuCoin, and Huobi, it has nearly 10x as much depth, which is incredible considering how large those exchanges are. Even when compared to MEXC's closest competitor Bitget, MEXC has more than twice the liquidity.

You can see this for yourself when you look at the liquidity graphs of BTC/USDT and ETH/USDT below. We have noticed this when we trade on MEXC, that trades are fulfilled much faster than on other exchanges, purely due to the increased liquidity available on this platform.

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  • Excellent choice for experienced cryptocurrency traders
  • $30 USDT FREE plus 10% discount on trading fees with this link
  • Over 1,500+ coins and 2,110+ trading pairs
  • Zero fees for spot trading, and 0.0/0.01% (maker/taker) for futures trading

#7. app

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Picture supplied is a great choice for Australians who want a simple yet feature-filled platform that they can access anytime, anywhere, from the convenience of their mobile. has developed an app that lets users easily buy and sell more than 250 cryptocurrencies, without having to deal with market trades.

When you make a purchase or sale of a coin on app, the price you see is what you will get, with no further commissions taken for the transaction. This is straightforward so users can see precisely how much crypto they are getting for their money.

Besides buying and selling, offers a wide range of 47 coins in their 'Earn' feature, which rewards users for leaving their assets on the app.

It is up to you if you prefer to lock in your crypto for 1 month, 3 months, or leave it flexible (unlocked), and you will receive interest paid out in your cryptocurrency.

One of the best features offered by is their Visa debit cards that are provided free to any user who stakes at least $500 of CRO ('s native token). This card can be loaded with AUD and used as a regular debit card at any store that accepts Visa, with no fees incurred.

Each time you make a purchase with AUD, you will receive up to 5% cashback (dependent on your tier) paid in CRO, so essentially you are earning crypto each time you use your card.

Moreover, you can receive benefits such as free airport lounge access, rebates on Spotify, Netflix, and Airbnb. If you want to spend your crypto, the card makes it easy, and can be used anywhere that Visa is accepted.

  • Convenient mobile app with more than 250+ coins
  • Earn interest on 47 cryptocurrencies
  • Free Visa debit card that earns you crypto while you spend AUD
  • Spend crypto anywhere that Visa is accepted

#8. Binance exchange

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Binance is a comprehensive crypto trading platform, and is well-known for being the largest in the world based on trading volume. There is plenty to explore at Binance including spot trading, NFT marketplace, Launchpad, mining pool, trading bots and educational content.

You can easily deposit AUD into Binance using Osko or PayID (with no fees) and start trading instantly. This exchange is definitely suited to anybody who is serious about trading crypto, with highly competitive fees at just 0.1 per cent.

Along with this, Binance offers new users up to $100 cashback vouchers based on the amount you trade in your first week. To claim this offer, you need to sign up with this link.

Unlike some other crypto trading platforms, Binance allows AUD deposits and withdrawals, so you can easily convert your crypto back to AUD and withdraw it to your bank when you want to realise your profits.

With so much on offer, you need to explore the site yourself to fully appreciate all the features. You can also read our comprehensive review here.

  • Flat fee of 0.1 per cent when buying, selling or trading crypto
  • Pay trading fees using Binance Coin to receive 25% discount
  • Ideal for serious traders with access to over six hundred cryptocurrencies and tons of markets
  • Earn interest on over 70+ cryptocurrencies
  • Beginners can switch to a more basic interface which is more user-friendly
  • Plenty of additional features such as mining pool, launchpad, NFT marketplace, trading bots and educational content

#9. KuCoin trading platform

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KuCoin is one of the most popular crypto platforms, with more than 30 million users around the globe. It is so widely used because of the large offering of 700+ cryptocurrencies, low trading fees of 0.1%, and an array of advanced features.

Besides the standard spot trading market, KuCoin also has futures trading, margin trading, and even a P2P marketplace.

There is also crypto lending, crypto borrowing, NFT marketplace, and staking where you can earn interest on your crypto. The opportunities for crypto investors on KuCoin are almost endless.

Another popular feature on KuCoin is the FREE trading bots that all their users can access. Trading bots are an extremely useful tool for automating your trades, and can help you maximise your profits 24/7, even while you are offline.

Several options of bots are available, such as Spot Grid, Futures Grid, Smart Rebalance, Infinity Grid, and DCA. Many crypto trading bots require ongoing paid subscriptions, so the fact that KuCoin includes them for free on their platform is a massive bonus.

  • Huge range of more than 700+ coins to trade
  • Low trading fees of 0.1%, which is discounted by 20% if you pay with KCS coin
  • Free trading bots included in the platform
  • Spot trading, margin trading, futures trading
  • Borrow and lend cryptocurrency
  • Deep liquidity with over 30 million users

#10. eToro Australia

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eToro is a broker rather than a cryptocurrency exchange.

It offers a range of trading instruments including cryptocurrency and has been built from the ground up as a social trading platform that allows you to interact with other users through making posts and comments on the news feed.

You can even set your account to automatically copy the exact trades of the most successful traders using eToro.

While it might not be a dedicated cryptocurrency exchange, eToro is worth a mention as it offers a wide range of excellent features to compete with the other exchanges.

You can access a demo account with $100k in virtual money to practise trading with no financial risk before you get started for real. Other features include crypto staking and you can even purchase crypto CFDs which allows you to make money on crypto prices rising or falling.

If you are only looking to buy cryptocurrencies as well as diversify into other investments such as stocks, it is a great platform that is easy to use and the fees are a reasonable 1%.

You can also download the mobile app for Android and iOS, so you can trade conveniently at all times.

For Australians, one drawback to keep in mind is that eToro operates in USD, meaning that you will need to pay a fee for currency conversion whenever you deposit and withdraw.

  • Extremely easy to invest in crypto, stocks, forex and precious metals
  • Copy Trading feature, where you can mimic the trades of successful investors
  • Invest in 75 coins either by directly purchasing or using CFDs
  • Demo account available where you can practice trading with $100,000 virtual money

Disclaimer: has provided this content for informational purposes only. This should not be taken as financial advice to buy, trade, or sell cryptocurrency or use any specific exchange. This is not intended for use as investment, financial or legal advice as each individual's needs will vary. This story may include affiliate links with partners who may provide compensation. ACM advises readers to consider their own circumstances and obtain their own advice. You should also verify the nature of any product or service, and consult with the relevant regulators' website before making any decision.