Best Crypto Exchange in Australia: The Ultimate List

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Australia has emerged as a key player in the global cryptocurrency landscape, with over 1 million Australians owning digital assets. As interest grows, so does the need for reliable, secure, and user-friendly platforms to buy, trade, and manage crypto. With evolving regulations and a competitive market, choosing the best crypto exchange in Australia requires careful consideration of compliance, fees, features, and local currency support.

This guide breaks down the top exchanges serving Australian users in 2025, evaluates them based on key criteria, and helps you make an informed decision—whether you're a beginner or an experienced trader.

Australian Cryptocurrency Regulations: What You Need to Know

Cryptocurrency trading is legal in Australia, and the government actively regulates the space to ensure security and transparency. The Australian Transaction Reports and Analysis Centre (AUSTRAC) oversees all digital currency exchanges (DCEs), requiring them to:

Additionally, the Australian Securities and Investments Commission (ASIC) enforces financial regulations to protect consumers. As of 2025, the Australian Treasury has proposed stricter licensing rules for digital asset platforms, aligning them more closely with traditional financial institutions.

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While most major exchanges comply with AUSTRAC, some global platforms operate legally in Australia without local registration. These exchanges still adhere to international AML/CFT standards and allow Australians to trade—though they may have limited AUD functionality.

It’s also important to note that the Australian Taxation Office (ATO) treats cryptocurrencies as taxable assets. Capital Gains Tax (CGT) applies when you:

Despite strict rules around exchanges and taxation, Australia lacks specific frameworks for NFTs and DeFi, leaving room for innovation in Web3.

How We Evaluate the Best Crypto Exchange in Australia

To identify the top platforms, we assessed each exchange based on four core criteria:

  1. Regulatory Compliance: Must follow AUSTRAC and ASIC guidelines.
  2. AUD Support: Ability to deposit, withdraw, and trade using Australian dollars.
  3. Features & Usability: Range of trading options (spot, futures, staking), ease of use, and tools for beginners and pros.
  4. Fees: Competitive trading, deposit, and withdrawal costs.

These factors ensure you get a platform that’s not only safe but also cost-effective and tailored to your trading style.

Top Crypto Exchanges in Australia

1. Binance Australia – Built for Aussie Traders

Binance Australia is the region-specific arm of the world’s largest crypto exchange. Fully registered with AUSTRAC, it complies with all local regulations and enforces strict KYC procedures.

Key Features:

While Binance Australia no longer offers derivatives trading due to ASIC restrictions, its spot market remains robust. Trading fees follow a maker-taker model, ranging from 0.02% to 0.1%, with a 25% discount if paid in BNB.

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Despite discontinuing direct AUD bank transfers in 2023, Binance remains one of the best sites to buy Bitcoin in Australia thanks to its liquidity and reliability.

2. Coinbase – Free AUD Withdrawals to Local Banks

Coinbase is a U.S.-based giant with a strong presence in Australia through its subsidiary. It’s AUSTRAC-registered and known for top-tier security and compliance.

Why Australians Love It:

Experienced traders can use Advanced Trade for deeper charting and order types. However, fees are higher than average: up to 0.6% for takers and 3.99% + base fee for credit card purchases.

Still, its reputation for security makes it a top choice for risk-averse investors.

3. Kraken – 13 AUD Trading Pairs & 24/7 Support

Launched in 2011, Kraken is one of the oldest and most trusted exchanges globally—and fully compliant in Australia.

Standout Features:

Kraken’s fee structure is tiered by volume:

Its combination of low fees, strong security, and excellent customer support makes it ideal for both beginners and pros.

4. Bybit – Leading Platform for Derivatives Trading

Bybit isn’t registered with AUSTRAC but is legally accessible in Australia. It focuses heavily on derivatives and leveraged trading.

Best For:

AUD can be used to buy crypto via third-party gateways (Apple/Google Pay), but direct deposits aren’t supported. Due to high risk, this platform suits experienced traders only.

5. CoinSpot – Ideal for Beginners

As an Australian-born exchange since 2013, CoinSpot is deeply integrated into the local market.

Highlights:

Fees are relatively high—up to 1% for instant buys—but the platform’s simplicity makes it perfect for newcomers.

6. KuCoin – Massive Crypto Selection

KuCoin offers over 900 cryptocurrencies but isn’t AUSTRAC-registered. Still, it complies with global AML standards.

Pros:

AUD cannot be deposited directly, but users can buy crypto using AUD via Banxa or BTC Direct.

7. Bitget – Copy Trading & Demo Mode

Bitget offers a powerful suite of tools for active traders.

Features Include:

Though not AUSTRAC-registered, Bitget maintains strong security with a $697M protection fund (as of 2025).

8. Swyftx – Beginner-Friendly with Built-In Tax Tools

This Australia-only exchange supports over 440 cryptos and offers a unique demo mode.

Why It Stands Out:

Trading fees cap at 0.6%, making it slightly pricier than others—but great for learning.

Frequently Asked Questions (FAQ)

Is cryptocurrency legal in Australia?

Yes. Australians can legally buy, sell, hold, and trade cryptocurrencies. All exchanges must comply with AUSTRAC regulations.

Are crypto exchanges safe in Australia?

Most reputable platforms use cold storage, two-factor authentication (2FA), and proof-of-reserves audits. Always choose AUSTRAC-registered exchanges for maximum protection.

How are crypto gains taxed in Australia?

The ATO treats crypto as a capital asset. CGT applies when you sell, trade, gift, or use crypto. Staking rewards are also taxable as income.

Can I buy Bitcoin with AUD?

Yes. Platforms like Binance Australia, Coinbase, Kraken, and CoinSpot allow direct purchases using AUD via bank transfer, card, or P2P.

Which exchange has the lowest fees?

Bybit and Kraken offer some of the lowest trading fees, especially for high-volume traders. Binance also provides competitive rates with BNB discounts.

Do I need to pay to withdraw AUD?

Most top exchanges—including Kraken, Swyftx, and Coinbase—offer free standard AUD withdrawals. Instant transfers may incur small fees.

Final Thoughts: Choosing Your Ideal Exchange

The best crypto exchange in Australia depends on your goals:

Regardless of your choice, always prioritize platforms that are transparent, compliant, and offer strong security.

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