With so many crypto exchanges in Australia, making a choice can be daunting. We’ve simplified the process by evaluating the top six platforms based on key criteria, helping you make an informed decision.
Top Australian Crypto Exchanges: Which Are The Best?
| Exchange | Fees | Cryptocurrency | CoinLedger Rating |
| eToro Australia | 1% fees | Less than 100 cryptocurrencies (plus access to stocks!) | 9.2/10 |
| Crypto.com | 0.075% trading fees | 300+ | 9.0/10 |
| Independent Reserve | 0.02%-0.5% | 15+ | 8.8/10 |
| BTCC | 0.03% spot trading fees | 300+ | 8.9/10 |
| CoinSpot | 0.1% on spot trading | 440+ | 9.6/10 |
| Swyftx | 0.1% – 0.6% depending on trading volume | 320+ | 9.4/10 |
| Kraken | 0 – 0.26% fees on Kraken Pro | 200+ | 9.3/10 |
| Pionex | 0.05% on spot trading | 120+ | 9.1/10 |
| Coinbase Australia | 0 – 1% on Coinbase Advanced (however, fees can be higher depending on multiple factors — including market conditions) | 120+ | 9.6/10 |
| CoinJar | 1% on most transactions, 2% on instant buys | 60+ | 9.2/10 |
Pionex
Looking for top crypto exchanges in Australia? Pionex stands out, offering not just trading but free bots for automated transactions, boosting returns. Here’s a list of 10 such exchanges, picked for their features and reliability, with Pionex leading the pack.
- Fees: 0.05% on spot trading
- Cryptocurrencies supported: 120+
- CoinLedger Rating: 9.1/10
Coinbase Australia
Coinbase Australia, tailored for the Australian market, is a leading crypto exchange, offering over 250 digital assets. As part of the globally recognized Coinbase brand, it maintains the highest standards in the industry.
- Coinbase: Fees 0-1%, 120+ Cryptocurrencies supported, CoinLedger Rating 9.6/10
BTCC
BTCC, serving over 1 million users globally, offers margin trading up to 225x. Established in 2011, the platform has become a leading choice for traders seeking high leverage options in the crypto market.
- Fees: 0.03% spot trading
- Cryptocurrency selection: 300+
- CoinLedger Rating: 8.9/10
Swyftx
With over 660,000 users and support for 370+ cryptocurrencies, Swyftx stands out as a leading exchange in the Australian market. Since its establishment in 2018, the platform has continuously grown, catering to a wide range of crypto needs.
- Fees: 0.1% – 0.6% based on trading volume
- Cryptocurrencies: 320+
- CoinLedger Rating: 9.4/10
Kraken
Discover the top 10 exchanges in Australia, featuring Kraken. This American-based platform caters to global investors, offering low fees and advanced transaction support. Ideal for seasoned investors seeking a reliable and cost-effective trading experience.
- Fees: 0 – 0.26% on Kraken Pro
- Cryptocurrency selection: 200+
- CoinLedger Rating: 9.3/10
CoinSpot
With over 2.5 million users and support for more than 440 cryptocurrencies, CoinSpot stands as one of Australia’s oldest and most reputable exchanges, boasting a rich history since its establishment in 2013.
- Fees: 0.1% on spot trading
- Cryptocurrency selection: 440+
- CoinLedger Rating: 9.6/10
How Does Australia Tax Cryptocurrency?
In Australia, cryptocurrency is treated as property and subject to capital gains tax (CGT). This means that when you dispose 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 they are complying with local laws. It is crucial for crypto users to keep detailed records of all transactions, including dates, values, and the purpose of each transaction, to ensure accurate tax reporting and compliance with Australian tax laws.
Does Australia Regulate Cryptocurrencies?
Cryptocurrency indeed falls under regulation in Australia. Both the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investments Commission (ASIC) play key roles in this regulatory framework. AUSTRAC monitors crypto exchanges for compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) legislation. Meanwhile, ASIC oversees initial coin offerings (ICOs) and financial products linked to crypto-assets, ensuring market integrity and investor protection.
Does Australia Tax Cryptocurrency Income?
In Australia, cryptocurrency is taxed as it’s treated as property, making it subject to capital gains tax (CGT). This means any profits made from selling crypto assets are taxable, and it’s crucial to keep detailed records for precise tax reporting. However, as regulations are constantly evolving, it’s essential for users to regularly consult with a local accountant or financial advisor to stay compliant with the latest laws.
Can I Use Australian Dollars (AUD) to Purchase Cryptocurrencies?
Most Australian crypto exchanges let you deposit and withdraw in AUD. You can buy crypto like Bitcoin and Ethereum directly with AUD, skipping the USD conversion. Bank transfers, POLi, PayID, BPAY, and even credit or debit cards are common ways to fund your account with AUD.
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. 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. Popular exchanges like Binance Australia support card payments, offering a quick and convenient way for Aussies to buy crypto. 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.