Best Crypto Exchanges in Australia (Rated & Reviewed)
Cryptocurrency has been gaining popularity in Australia over the past few years. For that reason, several Crypto exchanges have taken the spotlight, and one can never decide which one to choose as all of them claim to be the best Crypto exchanges in Australia.
If you’re just diving into the Crypto world, you might wonder which is Australia’s best Crypto exchange. You need a Crypto exchange service that is not only legit but also offers all the functionalities an ideal exchange should have. Also, you need to avoid scams and all the red flags.
Here’s a List of 5 Best Crypto Exchanges in Australia (Rated & Reviewed):
Bybit
On the top of the list, we have Bybit, a premium Crypto trading platform choice and undoubtedly one of the best Crypto exchanges in Australia.
CoinSpot
CoinSpot is Australia’s largest and most trusted Crypto exchange due to its fantastic trading services and platform integrity.
SwyftX
SwyftX offers low fees and simplified Crypto trading with efficiency and zero downtime. That’s why it’s always on the list of the best Crypto exchanges in Australia.
Binance
In terms of popularity, Binance comes at the top of Australian Crypto exchanges. It is a comprehensive and the largest Cryptocurrency exchange by volume.
Coinbase
Founded in 2012, CoinBase has quickly made its mark in the Crypto trading industry.
Choosing the best Crypto exchange in Australia can be hectic, as many options exist. But don’t worry, as we’ve got you covered. We’ve done all the research for you. Here’s a list of the top Australian Crypto exchanges that’ll be best for all your trading needs.
1. Bybit
Bybit is the most reliable Crypto Exchange platform in Australia.
Thomas’ Take
Bybit is the upcoming Crypto ark of the world with outstanding features and exceptional trading quality. Bybit offers next-level service, reliability, and liquidity for all its customers without any exceptions. With deep liquidity and a whopping trade speed of a hundred thousand trades per second, Bybit is among the top-notch Australian Crypto trading platforms.
One of the most noticeable features of Bybit Australia is its unparalleled live support with dedicated agents who are live 24 by 7. It adds to the overall stability and credibility, Bybit has to offer. With a functionality rate of 99.99% and zero server downtime, the mentioned trading platform ensures all your trades go through, and you don’t miss out on any profit opportunity.
PROS
- World-class security system
- 100K TPS matching engine to deal with overloads
CONS
- A limited number of trading pairs
- Unregulated nature
Best For
Robust Security System
Price
Fee depends on Transaction Amount
Ease of use
Simple to use
Crypto tokens available:
350+
Our second option is:
2. CoinSpot
CoinSpot is a beginner-friendly Crypto Exchange Platform.
Thomas’ Take
Over the past nine years, CoinSpot has built insane trust levels and is now a certified member of Blockchain Australia. CoinSpot is registered with ASIC and regulated by AUSTRAC. Moreover, CoinSpot is Australia’s largest Crypto exchange making it the most audited Crypto platform. CoinSpot staking rates are relatively lower than its other competitors.
CoinSpot has a simple yet secure Crypto trading model that appeals to the commoner. It means that CoinSpot is highly beginner-friendly, and people can conveniently start Crypto trading by signing up on CoinSpot. In addition, CoinSpot also offers a comprehensive NFT marketplace as it is not limited to Cryptocurrency.
If you’re wondering which is the best coin to buy on CoinSpot, don’t worry, as CoinSpot features 370+ Crypto tokens, making it a perfect option for serial Crypto traders. With unparalleled Crypto exchange services, CoinSpot is undoubtedly one of the best Crypto exchanges in Australia.
PROS:
- Beginner-friendly nature
- NFT marketplace
CONS
- No credit cards or debit cards accepted
- Slightly higher trading fees
Best For
Beginner-friendly
Price
Fee depends on Transaction Amount
Ease of use
Easy to use
Crypto tokens available:
370+
3. Swyftx
Swyftx is a Crypto-Exchange Platform best suited to new as well as expert Crypto traders.
Thomas’ Take
Founded in 2018, SwyftX has become one of the most popular fintech companies based on Crypto trading. SwyftX Australia offers an easy-to-use UI that allows users to buy and sell Cryptocurrency in a matter of seconds. There are no unnecessary charts or options for wasting your time.
With a straightforward UI, SwyftX also features a demo mode for your Crypto trading practice, exceptional trading speed, live chat for all your related troubles, and Crypto staking options. Whether a beginner or a master of Crypto trading, you’ll enjoy the SwyftX Earn feature this platform offers. It allows users to grow their Cryptocurrency while they keep it in their digital wallet.
SwyftX Australia has zero server downtime with low trading fees of just 0.6%. Depositing and withdrawing AUD is free without any hidden charges. With such a straightforward module, you might be wondering; Is SwyftX safe? You’ll be relieved to hear that SwyftX uses top-notch 2FA password security and biometric login features for their audiences’ thorough safety and security.
PROS
- Zero server downtime
- Low trading fees
CONS
- No derivatives trading
- No margin trading
Best For
Low Trading Fees
Price
Fee depends on Transaction Amount
Ease of Use
Easy to use
Crypto tokens available:
320+
4. Binance
Binance is a reliable Crypto Exchange platform with margin trading, P2P, and much more.
Thomas’ Take
Founded in July 2017, Binance has been the go-to tool for advanced Crypto trading players as it features very detailed graph analysis tools. Also, Binance links well with bots, so if you wish to use an automated Crypto trading strategy, Binance will be the best for you. There are plenty of trading options available on Binance.
Binance trading options include futures trading, margin trading, P2P, and many more. Even with almost everything on the plate, Binance has an easy-to-use interface and relatively lower service fees. You can conveniently deposit AUD with no transaction fee and instantly start Crypto trading.
Binance has over 350+ Cryptocurrencies, with almost every big name in the pool. Binance is undoubtedly one of the best Crypto exchanges in Australia.
If you have the question, “Can you use Binance in Australia?” Then the answer is; Yes, Binance can be used in Australia with its exceptional features and service quality.
PROS
- World Class security. The most secure Crypto trading platform on Earth.
- Advanced Crypto trading features.
CONS
- Stringent technical requirements
- Not available in four US states
Best For
Cutting-Edge Crypto Trading Features
Price
Fee depends on Transaction Amount
Interface
Medium Easy
Crypto tokens available:
350+
5. Coinbase
Coinbase is the most secure and reliable Crypto Exchange platform in Australia.
Thomas’ Take
CoinBase is user-friendly, with plenty of educational resources to get started on the right foot. It gives access to many Cryptocurrencies with security features off the charts. CoinBase stores 98% of all the Cryptocurrency tokens and trading information in devices not connected to the internet. So, there’s no chance of a security breach if you use CoinBase.
The most significant feature of CoinBases is its world-class security and transaction protection. The picture is bright and shiny with advanced features, except for a few cons. CoinBase has a complex fee structure and charges a high fee in certain transactions.
PROS
- CoinBase has low maker and taker fees.
- No hidden charges of any kind
CONS
- Complex fee structure
- High fees in certain transactions
Best For
Reliable and Secure
Price
Depends on Transaction Amount
Interface
Super easy
Crypto tokens available:
170+
Final Take
Here marks the ending of our detailed list and overview of the best Crypto exchanges in Australia. We hope you found this article and all the information relevant and helpful. All of the Cryptocurrency exchanges mentioned above will be best if you live in Australia and want to jump into the technical world of Crypto trading.
