15 Best Crypto Exchanges Australia Compare Top Crypto Trading Platforms In Australia 2023

After conducting an extensive review of over 20 digital currency exchanges, we have pinpointed the leading platforms suitable for Australian investors. Following our rigorous exploration, we are pleased to deliver a selection of the top five platforms in Australia. Either way, the best online trading platforms Australia typically offer multiple asset classes. For instance, our top-rated platform, eToro, offers markets on forex, stocks, indices, ETFs, cryptocurrencies, and more. In addition to the specific market, you also need to understand whether the provider offers traditional assets, CFDs, or a combination of the two. Besides more than 250 currencies for spot trading, Crypto.com also supports a subset of these for staking.

• Overall, Binance makes our list of the best crypto exchanges in Australia due to its range of financial and crypto services, zero-fee AUD deposits and withdrawals, low fees, and futures trading.
• The past performance of digital currencies cannot be compared to the future potential of any digital currency.
• Check if the exchange supports a wide range of cryptocurrencies, including all narratives like NFTs, Metaverse, dApps, yield farming, AI, ERC-20 Tokens, BSC coins, etc.
• In our example, we are looking to trade GameStop shares, so we enter the company into the search box and then click on ‘Trade’.

Despite being a global crypto exchange, Kraken provides a simplistic and quick onboarding process that can be completed in minutes. There are three account tiers to choose from, however, you will be best served with the Intermediate tier since it allows you to transfer money from your Australian bank account. Kraken provides a number of features that are relatively common in the Australian market. Aside from the CoinJar Card, if you’re looking for an exchange with a well-rounded suite of features, then CoinJar probably isn’t for you.

How To Buy Cryptos At A Crypto Exchange Australia – Step-by-Step Guide

But unfortunately, almost all of these providers are unregulated and unlicensed. If you have a checklist of key metrics in place, like safety, tradable markets, payment, and of course – fees, choosing a provider won’t be difficult. Those registered with CoinSpot (individuals, Super Fund investors, and companies) can instantly buy or sell cryptocurrencies (mostly Bitcoin). Additionally, they can speculate on crypto prices in the open market and earn potential profits.

• These sites offer a wide range of trading features, high liquidity, high leverage, and trades are executed swiftly.
• Before choosing a trading platform, consider whether the costs of trading outweigh potential profits.
• Some other platforms require you to have your own external wallet at the time of purchase, and any crypto you buy is sent straight there.
• Utilise technical indicators and tools to track and analyse your preferred assets with our TradingView charts.
• Unlike trading platforms like eToro, Commsec doesn’t operate on a commission-free model.

At the time of writing, for instance, you can buy Bitcoin with PayPal, credit cards, Apple Pay, and more than 90 other fiat payment options. In addition, we checked that the trading platforms were authorised by the FCA and reviewed the level of customer complaints using data from the FCA. It offers a full range of trading options, with clients able to place orders online, using the app or over the phone. However, accounts are held in US dollars – UK clients are charged a 0.5% currency conversion fee when funds are deposited.

Get Started With The Best Crypto Trading Platform In Australia Today

You can make your deposit through a variety of different methods, including PayPal, POLi, Neteller and Skrill. One of the best things about trading stocks on Eightcap is the incredibly low spreads, which start from 0 pips if you choose a RAW account. This account has a very low £3.5 commission, or you can go for a zero commission standard account in which spreads start from just 1 pip.

• The rewards earned are typically greater than the interest offered in a bank account.
• The company offers Aussie traders and investors access to different kinds of markets under one account.
• This starts from 0.1% and drops to 0.015% – based on monthly transaction volumes.
• 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.

The ability to convert crypto to fiat will be available if you’re using a regulated platform. Trading (buying, selling, or exchanging) cryptocurrencies on the platform are safe and reliable. Coinmama is a good choice if you plan to buy a cryptocurrency and store your coins in a private wallet for several months or years. That is because Coinmama does not allow you to store your coins on the platform, unlike other crypto providers. 67% of retail investor accounts lose money when trading CFDs with this provider.

CoinJar – Best crypto debit card

Research their history and ensure they have a track record of reliable and secure operations. You can read reviews on Trustpilot or the Play Store to check existing user feedback. Cointree is regulated by the Australian Government’s AUSTRAC Digital Currency Exchange Register.

• Australians can use the separate Binance Australia platform launched in July 2020.
• Overall, Trading 212 combines low fees with a good choice of investments.
• There are a variety of educational resources available on the best crypto platforms that we reviewed.
• However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website.

We have assessed and compared over 60 crypto exchanges and understand what makes a good and bad trading platform to buy and sell digital currencies such as Bitcoin. Our methodology is based on various factors that are important to Australians such as supported crypto assets, features and benefits, funding methods, trading fees, security, and customer support. In this article, we share our research and list the best cryptocurrency exchanges available to Australians. CoinSpot is a Melbourne-based exchange that has been at the forefront of the crypto scene since its establishment in 2013. With over 2.5 million registered users, CoinSpot has solidified its position as one of Australia’s leading cryptocurrency platforms. The platform boasts a user-friendly interface that caters to both beginners and experienced traders alike.

What is the best crypto exchange in Australia today?

First is the comprehensive Coinbase Learn platform that not only teaches you everything you need to know about crypto but also rewards learners with free crypto. As with UK shares, any profit on US shares will be subject to Capital Gains Tax, unless you hold the shares in an ISA or SIPP. One of HL’s strengths is customer service, particularly for clients wanting some additional support. Its telephone helpdesks are staffed six days a week, and calls were answered within a minute on our test. You should always check with the product provider to ensure that information provided is the most up to date.

• It is impossible to know whether your money is safe, which is a major problem.
• In other words, all global income from cryptocurrency investments is taxable in Australia.
• In addition, the company is entering the NFT market and offers margin trading derivatives.
• You’ll need to provide some basic information, such as bank account details, debit card details (for a lump sum investment) and your National Insurance number.

On eToro, for example, the platform is home to thousands of verified traders. Once you find a trader that meets your financial goals and appetite for risk, you can copy their portfolio. Each top crypto trading platforms platform will implement this fee at a different time of the day – say 8 pm. This means that were you to keep a trade open past 8 pm, the daily overnight financing fee would kick in.

User Experience and Customer Support

For newer traders in Australia, the exchange provides a stable platform to invest in crypto with an easy onboarding process. The innovative ecosystem of features that KuCoin provides combined with its vast list of supported crypto assets makes the platform a desirable place to buy altcoins. Serious traders can take advantage of the myriad trading opportunities offered by the more than 700 coins listed across more than 1,200 trading pairs.

It even integrates the OKX Credit program that makes it possible for you to borrow and lend crypto. You would also appreciate the customer friendliness of the crypto.com trading platforms. They also have oversimplified the process of buying crypto on their platforms. They allow you to buy crypto with fiat directly on the website using credit and – debit cards and maintain some of the most competitive transition fees. Even though it’s an international cryptocurrency exchange site, its Australian branch is fully compliant with the country’s laws and regulations. It’s one of the most reputable sites in the region and has a wide list of digital assets for advanced investors to trade with.

Best Cryptocurrency Exchanges Australia

Therefore, $WSM is set to win the heart of many meme enthusiasts and investors as it makes waves in the industry. Access quality educational resources and expert market analysis to sharpen your crypto and blockchain knowledge. View detailed “how to” guides and instructions on navigating the Swyftx platform and using specific features. Utilise technical indicators and tools to track and analyse your preferred assets with our TradingView charts.

There are several advantages to using an Australian crypto exchange as a local crypto investor. Firstly, these exchanges are subject to Australian regulations, which can provide investors with greater security and protection. For example, Australian exchanges must register with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to legally provide digital asset exchange services to Australians. Unfortunately, there have been numerous instances in the past where exchanges have been hacked, resulting in the loss of investor tokens, or have simply disappeared altogether. If you’re an advanced crypto trader, you may want to make sure your preferred exchange offers the trading types—like limit orders, which can prevent slippage by setting a hard price—and margin you want. Remember trade types involving the latter are still evolving in the U.S., so different exchanges’ offerings may vary over time.

Binance – Best Cryptocurrency Exchange In Australia For Trading

Swyftx are currently running a promotion for new users, you can get $20 BTC credit when you sign up.

Quantum AI has applied high security and privacy protocols into their software which makes the platform safe and secure to use. The software is designed by using advanced technologies which makes the software efficient in analyzing the market and making profitable decisions. The software also has time leap technology which keeps it ahead of the market and other software. After providing all these details and clicking on the ‘get started now’ button, your account will be made. It will take a few minutes for the registration process to complete and then you will be able to access your account on the official website of Quantum AI. 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.

Best Crypto To Buy in Australia – List

We do not promote or encourage any other products such as contract for difference, spread betting or forex. Investments in a currency other than sterling are exposed to currency exchange risk. Currency – exchange rates are constantly changing which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin.

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. What you will often find is that the best online brokers that don’t charge commission build all of their fees into the spread. Some trading platforms in Australia will also charge you an annual maintenance fee when you make traditional investments. If they do, this is usually a percentage fee that is multiplied by the size of your investment. All of the best trading platforms Australia are in the business of making money. The way that fees are charges can vary, so check out the following sections to gain an understanding as to what costs you might need to factor in.