Top Crypto Exchanges in Australia for 2025: A Guide

With so many crypto exchanges in Australia, picking the right one can be tough. We’ve simplified your search by highlighting the essential features of the top six platforms.

Which Are Australia’s Top Crypto Exchanges?

Pionex

Looking for the top crypto exchanges in Australia? Pionex stands out, offering not just a robust trading platform but also free crypto trading bots. These bots automate transactions, aiming to boost your returns to the fullest.

• Fees: 0.05% on spot trading
• Cryptocurrencies: 120+
• CoinLedger Rating: 9.1/10

Binance

Bi na nc e stands out as an in te rn at io na l cr yp to cu rr en cy ex ch an ge, offering investors a comprehensive range of digital assets for trading. Its advanced trading and investment features, such as cryptocurrency futures, margin trading, and leveraged trading, cater to a wide array of investors. Notably, the platform provides decentralized finance services, staking, savings, and crypto-backed loans, making it a one-stop solution for financial needs. Moreover, Binance’s support for various fiat currencies is a rare find among Au st ra li an exchanges, enhancing its accessibility and convenience. The identity verification process at Binance is straightforward, requiring only basic details like government-issued ID, phone, and email verification. Trading limits are determined by your verification level and the market you’re trading in, ensuring a secure and tailored experience. For instance, fiat currency trades are capped at $5,000, while withdrawal limits start at 2 BTC or its equivalent value in AUD. Binance, a top-tier secure Australian exchange, bounced back strongly after a 2019 hack. Their latest offering, the Binance Coin, grants holders notable discounts on trades. To further enhance user experience, the platform introduced the Binance Visa card, enabling crypto transactions at over 60 million merchants worldwide. This innovative move by Binance solidifies its position as a leader in the crypto and finance industry.

Binance Australia Pros:

• • World-class exchange with significant liquidity.
  • Trading fees start at 0.1% for maker and taker orders.
  • Advanced trading interface accessible on desktop and mobile apps.
  • Wide range of crypto services and features.

BTCC

Looking for the best exchanges in Australia? Consider BTCC, serving over 1 million global users since 2011. Standout feature? Margin trading up to 225x, giving traders huge leverage. BTCC, a top choice for crypto trading in Australia.

• 03% spot trading fees
• 300+ cryptocurrencies
• CoinLedger Rating: 8.9/10

Australia’s Top Exchange

With over 4,600 reviews on TrustPilot and an average rating of 4.6/5, Swyftx secures its spot on our list of top exchanges. This trading platform has continuously enhanced the user experience, catering to individuals’ needs. You can deposit Australian Dollars (AUD) to swiftly purchase over 350 cryptocurrencies. Plus, they offer a referral code for new users to get $20 in free Bitcoin. Once your account is verified, depositing AUD funds is easy with various payment methods, including bank transfers, POLi, credit/debit cards, PayID, and cryptocurrencies from your external wallet. Swyftx’s customizable dashboard is ideal for tracking the digital currencies in your wallet. They also provide crypto bundles, groups of crypto assets that can be purchased in a single transaction or recurring orders. Regarding fees, Swyftx charges between 0.1% and 0.6%, depending on the order value. New to crypto? Swyftx offers a demo mode for trading practice, no real funds needed. And when you’re ready, deposit AUD from your bank account into your real account, fee-free.

Swyftx Pros:

• • Offers a wide range of cryptocurrencies for buying and selling.
  • Features a demo mode with $10,000 of virtual AUD.
  • Boasts excellent customer ratings and reviews on TrustPilot.
  • Includes an integrated TradingView charting package with advanced tools and indicators.

Kraken

Kraken, an American exchange catering to global investors, stands out as a top choice for seasoned investors. With its support for advanced transaction types and notably low fees, the platform ensures a smooth and cost-effective trading experience.

• Fees: 0 – 0.26% on Kraken Pro
• Cryptocurrency selection: 200+
• CoinLedger Rating: 3/10

CoinSpot

With over 2.5 million users and 440+ cryptocurrencies, CoinSpot stands as a leading exchange in Australia. Since its establishment in 2013, the platform has built a solid reputation as one of the oldest and most trusted players in the market.

• Fees: 1% on spot trading
• Cryptocurrency selection: 440+
• CoinLedger Rating: 6/10

How does Australia tax cryptocurrencies?

In Australia, cryptocurrency is treated as property and subject to capital gains tax (CGT). When disposing of crypto assets, such as selling, trading, or using them to purchase goods and services, any financial gain is taxable. The Australian Taxation Office (ATO) requires individuals and businesses to report these transactions and pay CGT on any profit. However, if the cryptocurrency is held for more than 12 months before being disposed of, individuals may be eligible for a 50% CGT discount. Additionally, if cryptocurrencies are used as part of a business, the transactions may be subject to income tax. Regulations are constantly evolving, and users should always consult with a local accountant or financial advisor to ensure compliance with local laws. It is crucial for crypto users to maintain detailed records of all transactions, including dates, values, and the purpose of each transaction, to facilitate accurate tax reporting and compliance with Australian tax laws.

Is Cryptocurrency Regulated in Australia? A Closer Look

In Australia, cryptocurrency operations are tightly regulated. The Australian Securities and Investments Commission (ASIC) specifically monitors initial coin offerings (ICOs) and financial products tied to crypto-assets. Moreover, to ensure adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, the Australian Transaction Reports and Analysis Centre (AUSTRAC) supervises crypto exchanges. This dual regulatory approach ensures a secure and compliant environment for cryptocurrency transactions in the country.

Does Australia Tax Cryptocurrency?

In Australia, cryptocurrency is taxed as it’s treated as property, making it subject to capital gains tax (CGT). Financial gains from selling crypto assets are taxable, necessitating detailed record-keeping for precise tax filings. Given the constantly evolving regulatory landscape, it’s imperative for users to regularly consult with a local accountant or financial advisor to stay compliant with local tax laws.

Can I Use Australian Dollars (AUD) to Purchase Cryptocurrencies?

Buying crypto in Australia is straightforward, as most local exchanges facilitate direct AUD deposits and withdrawals. Traders can seamlessly purchase Bitcoin, Ethereum, and other leading cryptocurrencies using Australian dollars, eliminating the need for USD conversions. Convenience is further enhanced by a variety of AUD deposit options including bank transfers, POLi, PayID, BPAY, and even credit or debit cards on some platforms.

Can Australians Purchase Cryptocurrency with Their Debit or Credit Cards?

Many Australian crypto exchanges and international platforms catering to the Australian market allow users to purchase cryptocurrencies using Australian debit and credit cards. This provides a quick and convenient way for Aussies to buy crypto, with popular exchanges like Binance Australia supporting card payments. However, it’s important to note that some banks or card issuers may restrict or block cryptocurrency purchases, so it’s advisable to check with your financial institution beforehand. Additionally, using cards often incurs higher fees compared to other payment methods like bank transfers. When using Australian debit or credit cards for crypto purchases, be aware of any foreign transaction fees that may apply, especially on international platforms. As always, investors should compare fees across different exchanges and payment methods to find the most cost-effective option for their needs.