The 11 Best Crypto Exchanges in Australia (Expert Verified)
Expert verified
7 min read
The 11 Best Crypto Exchanges in Australia (Expert Verified)
Written by:
Miles Brooks
Reviewed by:
David Kemmerer
Our Editorial Standards:
Our content is designed to educate the 500,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn More
on this page
Key takeaways
CoinSpot is our top overall pick for Australian investors, thanks to low 0.1% spot fees and a beginner-friendly app.
Australia's rules are tightening fast. A new AML/CTF regime is in force from July 2026, and exchanges need AUSTRAC registration plus an ASIC AFSL to offer regulated products.
Whichever exchange you choose, the ATO already receives your transaction data, so keeping accurate records matters.
Crypto tax software like CoinLedger can pull your full transaction history and generate an ATO-ready tax report in minutes.
Looking for the best crypto exchanges in Australia? In this guide, we’ll break down everything about the best exchanges for you based on factors like ease of use, fee structure, and customer support!
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, and Olympian Scotty James, OKX aims to supercharge the fan experience with new engagement opportunities.
Fees:
0.1% and lower
Cryptocurrency selection:
160+
CoinLedger Rating:
9.6/10
Pros & Cons
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
Supports a host of advanced trading features — including derivative trading for verified wholesale clients!
Supports AUD deposits and withdrawals.
Launched in Australia in May 2024, with OKX Australia registered with AUSTRAC.
The OKX Card is available for spending crypto directly.
Founded in 2013, CoinSpot is one of the oldest and most established exchanges based in Australia. Today, the platform supports more than 3 million users and more than 470 cryptocurrencies.
Fees:
0.1% on spot trading
Cryptocurrency selection:
470+
CoinLedger Rating:
9.6/10
Pros & Cons
CoinSpot is user-friendly and a great choice for beginner investors!
CoinSpot offers 24/7 live chat support.
CoinSpot is one of the best exchanges when it comes to regulatory compliance and security. It was the first exchange to receive the ISO 2701 certification.
CoinSpot offers low fees of just 0.1% (Instant Buy/Sell comes with 1% fees)
Advanced trading options for experienced traders are lacking. No margin
and derivative trades.
Founded in 2018, Swyftx is another exchange focused on the Australian market. Today, the platform supports more than 440 cryptocurrencies and 1.2 million users.
Fees:
0.1% - 0.6% depending on trading volume
Cryptocurrency selection:
440+
CoinLedger Rating:
9.4/10
Pros & Cons
Swyftx is an intuitive and user-friendly platform for beginner investors!
Kraken is an American-based exchange that serves investors all over the world. The exchange is known to be a fantastic option for experienced investors due to its low fees
and its support for advanced transaction types.
Fees:
0 - 0.40% fees on Kraken Pro
Cryptocurrency selection:
490+
CoinLedger Rating:
9.3/10
Pros & Cons
Kraken offers 24/7 customer service, including phone support!
Kraken does offer relatively low fees (as low as 0% on Kraken Pro)!
Kraken offers support for advanced trades such as derivative and margin trades.
Because Kraken is a US based exchange
, most of the trading pairs offered are with USD. There are a limited number of cryptocurrencies you can trade against AUD.
Coinbase Australia is the Australian version of Coinbase, one of the world’s biggest and most trusted exchanges. The platform offers more than 200 different cryptocurrencies!
Fees:
0.40% maker / 0.60% taker (Advanced)
Cryptocurrencies supported:
200+
CoinLedger Rating:
9.6/10
Pros & Cons
In April 2026, Coinbase became the first crypto exchange to secure an Australian Financial Services Licence (AFSL) from ASIC with retail derivatives authorisation.
Coinbase is designed to be beginner-friendly with a simple and easy-to-understand interface.
Coinbase’s Learn and Earn program allows you to earn cryptocurrency after watching short modules designed to help you better understand the crypto ecosystem.
Coinbase is one of the world’s most trusted exchanges.
In May 2025, Coinbase’s overseas customer support team was compromised by a criminal ring, exposing data for roughly 69,461 customers and leading to customer assets being stolen. Coinbase has promised to reimburse affected users.
Coinbase has been criticized for having higher fees than some other exchanges.
Coinbase does not offer support for advanced transaction types, such as margin and derivative trading.
CoinJar is an Australian-based exchange originally founded in 2013. Today, CoinJar serves investors all around the world including Australia, the UK, and the USA.
Fees:
0.02-0.1%
Cryptocurrency selection:
60+
CoinLedger Rating:
9.2/10
Pros & Cons
CoinJar has a beginner-friendly interface that makes it a great choice for new investors!
CoinJar’s spot market offers some of the lowest fees on the market with fees ranging from 0.02-0.1!
CoinJar has industry-leading security using multi-level encryption to keep customer funds safe. In addition, the exchange has assets to cover 100% of customer balances.
CoinJar has higher fees on the standard version of its platform, ranging from 1-2%.
CoinJar supports fewer cryptocurrencies than competitors, with just 60+ cryptocurrencies available.
Bybit was founded in 2018 and now serves more than 80 million users worldwide. The platform is known for allowing users to trade with margin up to 100x.
Fees:
0.1% spot trading fees
Cryptocurrency selection:
1,000+
CoinLedger Rating:
8.9/10
Pros & Cons
Bybit offers advanced trading features such as margin trades with 100x leverage.
Bybit supports more than 1,000 cryptocurrencies.
Bybit offers fees as low as 0.1%
Offers a Mastercard prepaid card that allows you to spend crypto!
Crypto derivatives and leveraged products are not available to Australian retail investors.
Bybit has been criticized for slow customer support.
Bybit may not be the best option if you are not confident with using advanced trade instruments. Remember, margin trades can be risky.
You cannot deposit or withdraw fiat currency from Bybit. Only cryptocurrency can be deposited/withdrawn.
Unlike the other exchanges on this list, eToro Australia offers access to stocks and cryptocurrencies. In addition, eToro Australia bills itself as a ‘social trading platform’ — giving you access to a community of successful stock & crypto investors.
Fees:
1% fees
Cryptocurrency selection:
100+ cryptocurrencies
CoinLedger Rating:
9.2/10
Pros & Cons
eToro Australia offers access to cryptocurrencies and stocks!
eToro Australia includes social media features including the ability to see and copy the transactions from the platform’s most successful traders!
$0 fees for Australian stocks
eToro Australia has been criticized for charging certain fees, such as currency conversion fees for buying U.S. stocks and a monthly inactivity fee if you’ve made no trades in the past 12 months.
eToro Australia has a limited cryptocurrency selection compared to other exchanges.
Crypto.com is a Singapore-based exchange with more than 150 million users worldwide. The platform is known for its debit card rewards, though free cashback ended in November 2025 and card rewards now require a paid subscription or a CRO lockup.
Fees:
0.08- 0.5%
Cryptocurrency selection:
400+
CoinLedger Rating:
9.0/10
Pros & Cons
Crypto.com’s mobile app features an easy-to-use interface for beginners.
Crypto.com offers access to more than 400 cryptocurrencies.
Crypto.com allows you to earn interest on select cryptocurrencies within the platform!
Crypto.com’s Visa card can still earn cashback up to around 5%, but as of November 2025 this requires a paid subscription or a CRO lockup. The free Basic tier now earns 0%.
Crypto.com has faced criticism for lacking customer service.
While Crypto.com offers low fees, many customers have criticized Crypto.com for having large ‘spreads’ on trades.
Founded in 2013, Independent Reserve is one of the biggest cryptocurrency exchanges in Australia. Independent Reserve is designed for high-net worth investors, with features such as an OTC-trading desk that allows for discounts on large-volume orders and a Tax Estimator to help you better understand the tax obligations of your transactions. On January 30, 2026, IG Group completed its acquisition of Independent Reserve.
Fees:
0.02%-0.5%
Cryptocurrency selection:
37
CoinLedger Rating:
8.8/10
Pros & Cons
Independent Reserve offers low transaction fees that range between 0.02%-0.5%.
Independent Reserve allows you to invest cryptocurrency through a self-managed superfund (SMSF).
Independent Reserve puts its assets in cold storage to protect customer funds.
Compared to some other exchanges, Independent Reserve offers a more limited range of cryptocurrencies. The exchange currently offers access to 37 cryptocurrencies.
Independent Reserve has a difficult UI for beginner investors.
What about Binance?
Binance Australia is back. After halting AUD bank transfers in 2023, the exchange reinstated direct AUD deposits and withdrawals through PayID and bank transfer on January 16, 2026.
Binance Australia is registered with AUSTRAC for spot trading, staking, and its Earn products. It is not a ranked pick in this guide, but it is once again a working option for Australian investors.
Remember, only Binance’s derivatives arm ran into licensing trouble. Its Australian derivatives licence was cancelled in 2023, and ASIC imposed a $10 million penalty in February 2026 over how retail clients were classified. Binance’s spot and Earn services were not affected.
How to choose an exchange
Here are a few factors that you should consider when choosing an exchange.
Ease of use
If you’re a beginning investor, getting started with cryptocurrency trading can feel overwhelming. That’s why it’s important to choose an exchange with an easy-to-use interface!
Cryptocurrencies supported
If you wish to build a diverse cryptocurrency portfolio, you’ll likely want to choose an exchange that offers hundreds of different coins. However, if you’re only planning to invest in a handful of cryptocurrencies, you can choose an exchange that supports a limited number of coins.
Fees
Be sure to understand your exchange’s fee structure before you get started. Depending on your activity, exchange fees can become very expensive! In addition to trading fees, many exchanges charge deposit, withdrawal, and credit/debit card fees.
Customer support
Often, investors will run into issues with their cryptocurrency exchanges, such as difficulties withdrawing/depositing cryptocurrency. Exchanges with robust customer support can provide quick help in situations like these!
Security
In recent years, cryptocurrency investors have lost millions due to hacks and exchange bankruptcies. Before you choose an exchange, take a look to see if the platform takes measures to keep your assets safe such as two-factor authentication and third-party security audits.
How to sign up for an exchange account in Australia
Opening a cryptocurrency exchange account in Australia is similar to opening an account with a stock brokerage. Usually, the process can be completed in a few minutes (though it may take a few days to verify your identity!)
Create Your Account: To get started with an exchange account, you’ll need to provide an email address and set a password for your new account.
Provide Personal Information: Before you start trading cryptocurrencies, you’ll need to provide Know Your Customer information. This typically means providing information like your full name as well as a government-issued photo ID.
Fund Your Account: Once your identity is verified, you can fund your account to start making purchases. Most exchanges allow users to fund your account through bank transfer, wire transfer, or transferring in cryptocurrencies from other platforms.
How Australia is regulating crypto exchanges in 2026
Australia is overhauling how crypto exchanges are regulated, and it changes what to expect from every platform on this list.
A new anti-money-laundering and counter-terrorism financing (AML/CTF) regime took effect on July 1, 2026. Under it, crypto platforms classified as virtual asset service providers must complete AUSTRAC registration by July 29, 2026, and follow the FATF Travel Rule when transferring customer funds.
Exchanges that want to offer regulated products also need an Australian Financial Services Licence (AFSL) from ASIC, with applications due by September 30, 2026.
Looking further ahead, the Digital Assets Framework Bill passed Parliament in April 2026 and will commence on April 9, 2027. It will bring exchanges, custody providers, and other digital-asset businesses under a dedicated licensing framework. Australia has also committed to the OECD Crypto-Asset Reporting Framework (CARF), which will enable cross-border sharing of exchange account data. For more detail, see our guide to Australia’s Digital Assets Framework.
Do Australian exchanges report to the ATO?
Exchanges operating in Australia are required to register with AUSTRAC and share data with the Australian Taxation Office (ATO) upon request.
The ATO has a data-matching program with cryptocurrency exchanges, which it uses to crack down on tax fraud. The ATO has used this information to send warning letters to Australian crypto investors. As of 2026, that program reaches beyond simple buying and selling to cover crypto-to-crypto swaps, staking rewards, and DeFi activity, and Australia’s commitment to the CARF will add cross-border data sharing.
How do I report taxes on my Australian crypto transactions?
Because of cryptocurrency’s unique properties, many exchanges have trouble providing accurate tax forms — especially if you’ve transferred crypto into or out of your exchange. In this case, the exchange may have trouble reporting your capital gains and losses.
This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.
.jpg)
.png)
