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Best Crypto Exchanges in Australia: Top 10 Safest for Australians (2026)

    OUR EXPERT
    Alex Hayes
    Alex Hayes
    Senior Crypto Expert
    Crypto Exchanges · Updated Sep 4, 2026
    Alex has spent more than 8 years working with crypto wallets and digital assets. He has tested cold-storage devices that use USB, Bluetooth, NFC, QR codes, and microSD signing, and he pays close attention to the security choices behind each design.
    HANDS-ON TESTING
    8+ YEARS OF EXPERIENCE
    38+ HARDWARE WALLETS TESTED
    110+ CRYPTO EXCHANGES REVIEWED
    best crypto exchanges in Australia

    Quick Verdict: The best crypto exchanges in Australia are Bitget, KuCoin, Gate.io, Swyftx, Kraken, Coinbase, and Binance, due to their AUSTRAC registration, free AUD deposit options, and proven track records handling security incidents.

    You see, new crypto apps pop up every month, and a lot of them slap words like “most secure” and “most trusted” on the homepage without much behind it. So we went through more than 30 crypto trading platforms in Australia and checked that actually matters: AUSTRAC registration, real fees, AUD support, and how each one acted when security went wrong.

    Below, you’ll find the top 10 best crypto exchanges in Australia you can use right now, ranked the honest way. Some of these are the biggest Australian crypto exchanges by user count, built here with AUD banking from day one. Others are global names with deeper liquidity and lower fees, though they come with a few drawbacks Aussies should know first.

    Top 10 Best Crypto Exchanges in Australia Ranked: Most Secure Picks

    We tested and reviewed over 30 crypto platforms available to Australians in 2026, checking fees, AUSTRAC status, and real security records. Here are the 10 that actually earned a spot on this list.

    1. Bitget: best crypto exchange in Australia with 1,600+ coins and AUSTRAC registration
    2. Bybit: best crypto futures exchange for high leverage trading (not AUSTRAC-registered)
    3. Gate.io Australia: best altcoin exchange with 3,000+ cryptocurrencies and AUSTRAC license
    4. Kraken: safest crypto exchange Australia with 13+ years, zero hacks
    5. MEXC: lowest-fee cryptocurrency trading platform in Australia with 0% maker fees
    6. Binance: best high-liquidity crypto exchange in Australia with AUD banking restored
    7. Coinbase: best AUD cryptocurrency exchange in Australia, NASDAQ-listed and AUSTRAC-registered
    8. HTX: high-leverage crypto trading platform in Australia with 200x futures
    9. KuCoin: most secure crypto exchange app in Australia after 2020 hack recovery
    10. Swyftx: best Australian-owned crypto exchange with over 1M+ local users

    Best Australian Crypto Exchanges Reviewed

    We have reviewed the top 10 best crypto exchanges in Australia based on their security, supported coins, licensing, AUD payment methods, and more. Here is our in-depth guide on the most trusted crypto exchanges in Australia….

    1. Bitget: Overall best crypto exchange in Australia

    bitget

    Bitget is the overall best crypto exchange in Australia because it offers a good selection of 1,600 coins along with very low spot trading fees. It is registered with AUSTRAC for crypto trading services in Australia. You can deposit Australian Dollars instantly through PayID without paying any deposit fees from your local bank account.

    The exchange also holds a $350 million insurance fund. Actually, Australian traders love the platform because you get access to copy trading features where you can copy top traders automatically. You can even switch between a very easy basic app interface and a complex trading chart whenever you want.

    Key Specifications

    Supported Coins 1,600+ cryptocurrencies supported for spot trading, 300+ for perpetual contracts
    Trading Fees Low fee of 0.10% for makers and takers (25% discount with BGB)
    AUD Funding Methods PayID, OSKO, bank transfer, and credit card
    Trading Features Copy trading, spot, futures with 125x leverage, and bot trading.
    Australia License Registered with AUSTRAC for Australian fiat-to-crypto services

    What I like

    • Low spot fees start at 0.10% for maker and taker orders
    • Latest reserves (PoR data) showed a 122% total coverage ratio
    • Protection Fund averaged $350 million during
    • You can automatically copy top profitable traders with one single click

    What I don’t like

    • ASIC warns Australians about Bitget’s unlicensed futures products (high leverage trading)
    • Direct AUD bank withdrawals remain less clear than locals.

    2. Bybit: Best cryptocurrency trading platform in Australia for futures & leverage

    Bybit exchange

    Bybit is another one of the best crypto exchanges in Australia for crypto futures trading with up to 100x leverage. You can trade popular USDT-M and Coin-M perpetual contracts with deep order book liquidity and fast trade execution speeds. The screen is fast, the chart tools are strong, and the order panel makes stops and take-profit levels easy to set. AUD peer-to-peer markets also let you buy or sell through escrow.

    Now, Australia was not on Bybit’s restricted-country list during this review. That fact only shows access, not Australian approval. I could not verify a local AUSTRAC exchange registration or an AFSL that covers the main Bybit futures account for Australian retail users. Also, native AUD bank withdrawals were not clearly listed, so P2P, cards, or crypto transfers may be more practical than a direct local cash-out.

    Key Specifications

    Supported Coins 1,200+ coins supported for spot trading, 500+ for perpetual contracts
    Trading Fees 0.02% maker fee and 0.055% taker fee.
    AUD Funding Methods PayID, OSKO, third-party bank transfers, credit card (mainly through P2P)
    Trading Features Futures, spot trading, trading bots, staking, earning, and copy trading.
    Australia License No, not licensed or registered with financial authorities like ASIC or AUSTRAC in Australia

    What I like

    • Spot trades cost only 0.10% for non-VIP makers and takers
    • AUD P2P markets support buying and selling through escrow
    • You get deep order book liquidity for all high-volume futures
    • The automated grid trading bots run 24 hours without extra fees

    What I don’t like

    • No verified Australian exchange registration protects your main account
    • Local Australian phone customer support is currently not available for callers
    • The 2025 hack removed about $1.46 billion in assets

    3. Gate Australia: Best crypto trading app for multiple altcoins

    Gate.io

    Gate Australia is the most secure and regulated crypto exchange in Australia currently. Actually, Gate Information Pty Ltd runs the Australian service and is registered with AUSTRAC. The platform is only for Australian residents using it from Australia. The base spot fee is 0.10% for both makers and takers, with lower tiers for larger balances or higher 30-day volume.

    You get spot orders, Convert, bots, hosted wallets, and an OTC service rather than the full offshore futures menu. You won’t get high leverage in the futures market due to local Australian regulations. The app comes loaded with advanced trading tools, startup token sales, and crypto lending options. You can deposit AUD through third-party payment gateways or buy crypto directly with your Visa card. Well, the user interface can feel a bit crowded at first because there are so many menus and options packed together.

    Key Specifications

    Supported Coins 3,000+ tokens (including new altcoins)
    Trading Fees 0.2% maker fee and 0.2% taker fee.
    AUD Funding Methods Credit card, P2P, and third-party bank gateways.
    Trading Features Spot trading, crypto lending, staking, and automated bots.
    Australia License Yes, registered with AUSTRAC for digital currency operations.

    What I like

    • Gate Australia is registered with AUSTRAC for local services
    • Gate.io lists new small-cap altcoins long before other major apps
    • You get access to automated crypto lending and borrowing interest tools
    • You can join early crypto token sales through the startup portal

    What I don’t like

    • Gate Australia holds no ASIC or APRA license
    • AFCA and Financial Claims Scheme protection do not apply
    • Fiat services rely on partnered third-party payment institutions

    4. Kraken: Safest Australian crypto exchange

    Kraken Australia

    Kraken is the most secure crypto exchange in Australia due to its clean 13-year security history since launching back in 2011. Bit Trade Pty Ltd runs its local operations here and appears on AUSTRAC’s register as an exchange and independent remittance dealer.

    Australians can deposit through free PayID or Osko, and local users can instantly buy or sell more than 200 crypto assets. Plus, 13 AUD market pairs are also available, including BTC, ETH, USDT, USDC, XRP, and several other major assets. The exchange undergoes regular third-party security audits and keeps most user assets inside offline cold storage vaults.

    The platform offers two different views: a simple “Instant Buy” interface for casual buyers and then Kraken Pro for serious chart traders. Kraken Pro offers much lower fees (compared to the simple interface), starting at 0.4% for makers and 0.80% for takers. It also provides an Over-The-Counter desk for large institutional investors in Australia who need to trade large crypto orders without moving retail order book prices.

    Key Specifications

    Supported Coins 200+ cryptocurrencies available on the spot market.
    Trading Fees Up to 1% + spread for Instant Buy, and 0.4% maker fee and 0.8% taker fee (Kraken Pro)
    AUD Funding Methods PayID, OSKO, Osko Fast Payments, Visa, Mastercard, bank transfer.
    Trading Features Kraken Pro interface, spot trading, and OTC desk.
    Australia License AUSTRAC, and crypto derivatives are provided through an Australian Financial Services Licence (AFSL) holder

    What I like

    • Free PayID and Osko funding starts with a minimum of 5 AUD
    • Australian crypto exchange users can trade more than 200 assets
    • Security includes Proof of Reserves and SOC 2 controls
    • You get live human customer support through chat 24 hours daily

    What I don’t like

    • Base spot fees now reach 0.40% maker, 0.80% taker
    • Australian derivatives remain limited to verified wholesale clients

    5. MEXC: Best lowest-fee crypto exchange in Australia

    MEXC

    MEXC is the best lowest-fee crypto exchange in Australia. The platform currently has 0% maker and taker fees across spot pairs, while standard futures fees can start near 0.01% maker and 0.04% taker. More than 100 pairs can also enter separate zero-fee campaigns.

    It is most popular for high-leverage futures trading. Currently, it offers 200x leverage for BTC and ETH futures contracts along with zero fees. You can also trade 3,000+ altcoins along with many new and small memecoins and newly launched tokens. But I could not verify an Australian VASP registration, local AFSL, or clear direct PayID cash-out for MEXC. Mainly, AUD users need a card, P2P route, or stablecoin transfer. MEXC is actually the best crypto-to-crypto trading platform in Australia.

    Key Specifications

    Supported Coins 3,000+ tokens, many new and small-cap altcoins and memecoins
    Trading Fees 0.0% maker fee and 0.01-0.05% taker fee.
    AUD Funding Methods P2P, credit card, and third-party crypto providers, like Simplex, Banxa, etc.
    Trading Features Spot trading, high leverage futures, grid bots, and launchpool.
    Australia License No (works under offshore licenses only)

    What I like

    • It generally offers zero fees across all spot pairs
    • The platform lists more than 3,000 crypto assets globally
    • Its Guardian Insurance Fund currently holds at least $100 million
    • The high-speed trading engine handles millions of transactions every second

    What I don’t like

    • No verified Australian registration or local license
    • AUD funding mainly needs cards, P2P, or stablecoins

    6. Binance: Best Australia crypto exchange for high liquidity

    Binance Australia crypto exchange

    Binance is another of the best crypto exchanges in Australia in this list for global liquidity on major trading pairs. It offers deep liquidity on popular pairs like BTC/USDT and ETH/USDT, so your big trades fill instantly at market price.

    The platform includes useful features like auto-invest plans, automated grid trading, and advanced technical charting tools. You can buy crypto with AUD using credit cards, P2P options, or external bank transfer partners. Well, Binance also keeps a massive asset protection fund called SAFU 9over $1 billion) to compensate users in case of emergency security incidents.

    Now, the compliance record is quite mixed. Binance Australia operates through Investbybit Pty Ltd, which appears as an AUSTRAC virtual asset service provider. Its AFSL application is currently pending for regulated futures.

    Key Specifications

    Supported Cryptos 350+ coins available on spot exchange
    Trading Charges 0.1% maker/taker fee; get a 25% discount with BNB
    AUD Funding Methods Credit card, P2P trading, and third-party gateways
    Platform Features Spot market, auto-invest, and advanced order types
    Australia Regulated Registered with AUSTRAC for digital currency exchange

    What I like

    • Standard spot trading costs 0.10% before available BNB discounts
    • Global order books provide deep liquidity on major coins
    • Its Australian entity appears on AUSTRAC’s VASP register
    • You can use Binance Lite mode for a clean mobile app

    What I don’t like

    • AUD bank access has shown conflicting current support notices
    • AUSTRAC ordered an external compliance audit during 2025.

    7. Coinbase: Highly licensed Australian app for AUD deposits

    Coinbase

    Coinbase is the most licensed crypto exchange in Australia. Well, Coinbase Australia Pty Ltd holds AFSL 569752 and is registered with AUSTRAC as a virtual asset and remittance service provider. The local site supports more than 200 cryptocurrencies and free AUD deposits or withdrawals through PayID, Osko, cards, and bank transfer, although your bank or card issuer can still add its own charge.

    Also, Coinbase received its AFSL in 2026. The company launched up to 50-times leverage perpetual contracts across 150 markets in August, but current access is for certified wholesale investors. The exchange operates as a publicly traded company on the Nasdaq stock exchange in the United States as well.

    You can even complete short educational quizzes on Coinbase Learn to earn free crypto rewards straight into your balance. Alright, while standard instant buy fees can be a bit high (around 1.5% per trade), you can sill use Coinbase Advanced to get order book trading with fees starting at 0.40%.

    Key Specifications

    Supported Cryptos 200+ cryptocurrencies supported on the Australian crypto app.
    Trading Charges 0.40% maker fee and 0.60% taker fee.
    AUD Funding Methods PayID, OSKO, credit card, Apple Pay.
    Platform Features Coinbase Advanced order book, learn-and-earn, non-custodial mobile wallet.
    Australia Regulated AUSTRAC registered under Coinbase Australia entity.

    What I like

    • Coinbase Australia holds AFSL 569752 and AUSTRAC registration
    • PayID and Osko AUD transfers carry zero Coinbase fees
    • Australian users can trade more than 200 cryptocurrencies
    • The clean mobile dashboard makes buying crypto simple for total beginners

    What I don’t like

    • Simple trades include variable fees and an added spread
    • Crypto balances receive no Australian bank deposit guarantee

    8. HTX: High-leverage crypto exchange for Aussies

    HTX

    HTX is a high-leverage offshore best Australian crypto exchange that only suits experienced Aussies who accept weak local recourse. You can find over 700 coins listed on the platform, including many trending meme tokens and new Web3 projects. The exchange operates a security reserve system and keeps funds in cold storage to protect customer accounts.

    The platform provides fixed and flexible yield products where you can earn interest on your idle crypto balances. You can easily deposit AUD through third-party partners or purchase crypto directly using your debit card. Plus, the trading interface features multi-chart views, technical indicators, and real-time market order streams.

    Key Specifications

    Supported Cryptos 700+ cryptocurrencies listed on trading markets
    Trading Charges 0.20% maker and taker fee.
    AUD Funding Methods Credit card, P2P trading, third-party payment channels only
    Platform Features Spot, futures trading, staking, and earn accounts
    Australia Regulated No license (offshore entity)

    What I like

    • Deep order books ensure tight spreads on top volume market pairs
    • The mobile application includes multi-chart views for advanced technical analysis
    • You can execute quick token swaps directly inside the mobile application
    • It offers 125x leverage trading

    What I don’t like

    • No verified Australian registration or direct PayID rail exists
    • AUD direct fiat deposits require third-party payment options with extra fees

    9. KuCoin: Most secure crypto mobile app in Australia

    KUCoin Australia cryptocurrency exchnage

    KuCoin is another one of the best crypto exchanges in Australia, mainly knowm for good altcoin selection and liquidity. It secured AUSTRAC exchange registration in November 2025 and added local AUD access through PayID and Osko. The app offers more than 1,000 crypto assets globally, spot orders, bots, recurring buys, and a wide set of smaller tokens.

    You can deposit AUD through payment gateways like Banxa, Simplex, or through P2P traders. Well, KuCoin provides dynamic security features including trading passwords, two-factor authentication, and IP withdrawal locking. Also, the app interface allows quick switching between simple token swaps and detailed candlestick trading charts.

    Key Specifications

    Supported Cryptos 1,000+ digital assets for crypto trading in Australia
    Trading Charges 0.1% maker fee and 0.1% taker fee, KCS discounts available
    AUD Funding Methods Credit card, Banxa, Simplex, and P2P trading
    Platform Features Spot trading, crypto trading bots, margin, futures.
    Australia Regulated Complies with AUSTRAC digital currency service rules.

    What I like

    • AUSTRAC-registered in Australia
    • Partnered with AFSL holder Echuca Trading for futures
    • Fully recovered its 2020 hack with zero user losses
    • Strong multi-signature cold storage

    What I don’t like

    • Paid $297 million in a 2025 US DOJ settlement
    • The app can overwhelm beginners with many advanced tools

    10. Swyftx: Australian-owned crypto exchange

    Swyftx crypto exchange in Australia

    Swyftx remains the best local crypto exchange in Australia built specifically for Aussies, run out of Brisbane since 2018 with more than 700,000 local users. There’s no futures, no margin, and no derivatives here, just straightforward spot trading in AUD, which suits beginners who don’t want to deal with leverage or complicated order types.

    Alos, Swyftx is registered with AUSTRAC and holds ISO 27001 certification for information security. It went a step further and secured an Australian Financial Services License as well, AFSL 568543. Trading fees sit around 0.6% flat, dropping through 10 VIP tiers based on volume, and AUD deposits and withdrawals through PayID, OSKO, and bank transfer are free.

    Key Specifications

    Supported Cryptos 440+ cryptocurrencies listed on spot market
    Trading Charges 0.60% standard fee per executed trade
    AUD Funding Methods PayID, OSKO, bank transfer, and credit cards
    Platform Features Custom order types, demo mode, automated recurring buy.
    Australia Regulated Full AUSTRAC registration and Australian Financial Services License.

    What I like

    • Swyftx is Australian-owned, Brisbane-based, and fully AUSTRAC registered
    • Free PayID deposits allow up to $20,000 AUD per transfer
    • Built-in tax software integration makes Australian tax reporting fast and easy
    • Demo mode provides $10,000 virtual paper money to practice trading strategies

    What I don’t like

    • Standard spot fees begin at a fairly high 0.60%
    • Card providers can charge up to 1.99% plus spreads
    • No futures, margin, or derivatives trading offered

    Comparing Most Reputable and Trusted Crypto Exchanges Australia

    Kraken, Gate, KuCoin, Swyftx, and Coinbase currently are the strongest combination of local registration and reliable AUD banking for everyday Australians.

    The table below lines up every best cryptocurrency exchange in Australia from this guide side by side, so you can compare the basics:

    ExchangeAUSTRAC RegisteredSpot FeeAUD DepositsCoins ListedBest For
    BitgetYes0.08–0.1%Card/P2P only1,600+Overall value
    BybitNo0.1%P2P1,200+Futures trading
    Gate.io AustraliaYes0.2%Via Gate Australia3,000+Altcoin range
    KrakenYes0.4-0.8%PayID, bank transfer200+Security record
    MEXCYes0%–0.05%Card/P2P only3,000+Lowest fees
    BinanceYes0.075–0.1%PayID, bank transfer350+Liquidity
    CoinbaseYes0.4–0.6%PayID, bank transfer200+Beginners, AUD
    HTXYes~0.2%Stablecoin route700+High leverage
    KuCoinYes (Nov 2025)0.10%Via subsidiary1,000+New altcoins
    SwyftxYes0.6%PayID, OSKO, bank440+Aussie-owned simplicity

    How to Choose the Best Cryptocurrency Exchange in Australia?

    You see, today, finding the best crypto exchanges in Australia takes more than just checking which platform has the most coins or the lowest advertised trading fee. You actually need to look at the things that can affect your money, account security, trading experience, and ability to deposit or withdraw Australian dollars.

    The best Australian crypto exchanges should be easy to use for beginners, properly licensed for the services they provide, have reasonable trading fees, and good uptime during busy market conditions. Plus, you should also check whether the platform offers the cryptocurrencies and trading tools you actually need.

    Here are the main factors I look at when comparing the best cryptocurrency exchanges in Australia…

    License & Regulatory Compliance (AUSTRAC and AFSL)

    AUSTRAC registration is an important point to check, as most of the crypto businesses providing certain virtual asset services in Australia should need to register with AUSTRAC and follow anti-money laundering and counter-terrorism financing requirements.

    AFSL license is a separate matter as well. Not every crypto exchange for Australians needs an AFSL simply because it operates there. The requirement can really depend on the financial products and services the platform provides.

    Mainly, if a platform also offers financial advice, managed funds, or complex derivative contracts (high-leverage futures), check whether it holds an AFSL (Australian Financial Services Licence) issued by ASIC.

    AUD Payment Methods

    AUD payment support is one of the most useful features for Australian users. You should not have to convert Australian dollars into another currency just to buy Bitcoin or other cryptocurrencies. So, look for the best cryptocurrency trading platforms in Australia that support:

    • PayID & Osko: These allow instant, 24/7 bank deposits and withdrawals with zero waiting time and zero deposit fees.
    • Direct Bank Transfer & EFT: Standard bank transfers that work well for moving larger sums of money directly from major Australian banks.
    • Credit/Debit Cards & PayPal: It is actually helpful for instant emergency purchases, but always double-check the processing fees, which can really run between 1% and 2.5%.

    Good Security Measures

    Well, security is one of the most important things to check because, you know, crypto transactions usually cannot be reversed once they are confirmed. So, the best crypto exchanges in Australia should use several layers of security:

    • Two-factor authentication (2FA)
    • Withdrawal protection
    • Address allowlisting
    • Anti-phishing tools
    • Cold storage for crypto assets
    • Device and login monitoring
    • Strong account verification procedures

    Check out: Most secure crypto exchanges in the world

    Low Trading Fees

    Trading fees can directly affect how much money you can keep after buying and selling crypto. The best Aussie crypto exchanges should have a fee structure that is easy to understand. Basically, you should not stop at the headline trading fee because other costs can affect what you actually pay.

    • Market Order Book Fees (Maker/Taker): Using standard limit orders on the order book typically costs between 0.05% and 0.2%, making it the cheapest way to trade.
    • Instant Buy/Sell Fees: Instant swap buttons are convenient, but they usually include a retail fee of 0.6% to 1.0% plus a price spread.
    • Zero AUD Withdrawal Fees: Top-rated Australian exchanges do not charge any fee to withdraw your AUD cash balance back to your local bank account.

    Note: The spread is especially important for beginners. You see, an exchange may show a simple “buy Bitcoin” button, but the price you receive can be very different from the market price. A wider spread can make an instant purchase more expensive even when the advertised trading fee looks low.

    Read: Best crypto exchanges with lowest fees

    High Liquidity

    Liquidity tells you how much buying and selling activity exists in a particular market. I mean, order book depth. A highly liquid crypto exchange in Australia normally has more buyers and sellers competing in the market.

    Good liquidity can help you get:

    • Lower slippage
    • Better order execution
    • More competitive prices
    • Faster matching of buy and sell orders
    • Better conditions for larger trades

    Latest Trading Tools and Software

    The best crypto exchanges in Australia for trading should give you the tools you need to manage trades without making the platform unnecessarily difficult to use. Useful features include:

    • Advanced Charting: Real-time charts powered by TradingView with indicators (RSI, MACD, Moving Averages) and customizable drawing tools.
    • Automated & Trigger Orders: Stop-loss, take-profit, and trailing stop orders that let you control risk.
    • Fast Mobile Apps: Responsive iOS and Android apps that give you immediate account access during high-volatility market events without crashing.

    24/7 Customer Support

    The crypto market operates around the clock every single day of the year. So, if you encounter an unexpected login error, a delayed bank transfer, or a deposit verification check, you need access to responsive 24/7 live chat support with real human agents, rather than having to wait days for a generic email ticket response.

    Large Selection of Crypto Assets

    While Bitcoin and Ethereum actually make up the core of most portfolios, a good exchange should give you access to a broader market:

    • Diverse Altcoins: You must get access to top Layer-1 and Layer-2 blockchains, DeFi tokens, and Web3 infrastructure assets.
    • Asset Due Diligence: The exchange must carefully audit every project it lists to protect users from unverified tokens and malicious smart contracts.
    • Direct AUD Pairs: You need to look for Australian exchanges that offer direct trading pairs between the Australian Dollar (e.g., BTC/AUD, ETH/AUD, SOL/AUD) so you do not have to pay extra conversion fees into USD or stablecoins.

    Bitcoin Regulations and Tax for Australians

    The main tax you need to understand is Capital Gains Tax (CGT). CGT is not a separate tax in Australia. It is part of your normal income tax, and your net capital gain is generally taxed at your applicable marginal tax rate.

    • Tax on Crypto Gains: Any money you make from selling or trading crypto counts toward your personal income tax. The tax rate ranges from 16% up to 45%, but you do not pay a single flat rate on all your earnings. Instead, your income is taxed in steps (for example, you pay 16% on earnings between $18,201 and $45,000, and 30% on the portion between $45,001 and $135,000).
    • Long-Term Discount: If you hold your crypto for more than 12 months before selling, you only have to pay tax on half of the profit thanks to the 50% capital gains discount.
    • Staking & Extra Rewards: Any coins or tokens you receive from staking, mining, airdrops, or DeFi platforms are treated as ordinary income based on their market value when you get them, and they are taxed along with your regular earnings.
    • Zero-Tax Limit: You do not pay any income tax on the first $18,200 you make in a financial year.

    Is crypto legal in Australia?

    Yes. Cryptocurrency is legal in Australia, and Australians can legally buy, sell, hold, and use crypto. The important point is that legal crypto ownership does not mean crypto is tax-free. The Australian Taxation Office (ATO) treats most crypto assets as CGT assets, so selling, swapping, or otherwise disposing of crypto can create a taxable capital gain or loss.

    Best Way to Buy Crypto in Australia: Step-by-Step Guide

    Now that you know the legality and how to find the best cryptocurrency exchanges in Australia, I thought it’d be a good idea to also show you how you can join the trading platform once you find it. Here is a step-by-step guide on how to get started with your best crypto trading platform in Australia…

    Create an account → Complete KYC → Deposit AUD → Buy crypto → Keep your transaction records.

    Step 1: Create an Account

    • Head over to the platform’s official site, or install their official app directly from your phone’s app store.
    • Click the “Sign Up” or “Register” button to get started.
    • You need to fill in your basic details and follow the simple steps on your screen to finish setting up your account.

    Step 2: Verify Your Identity (KYC)

    KYC is required because most regulated crypto businesses must identify and verify their customers as part of Australia’s anti-money laundering and counter-terrorism financing requirements.

    • Enter your full name, date of birth, and residential address.
    • Provide an accepted identity document, such as a driver’s licence or passport.
    • Complete any required face or selfie verification.
    • Provide additional information if the exchange requests it.
    • Wait for the exchange to approve your verification.

    Check out: Best no-KYC crypto exchanges

    Step 3: Add Funds to Your Account

    • Open the “Deposit” or “Add Funds” section.
    • Select AUD as your currency.
    • Choose an available payment method, such as bank transfer.
    • Enter the amount you want to deposit.
    • Check the deposit fee and processing time. Confirm the deposit and wait for the funds to arrive.

    Important: You must keep your deposit records and transaction receipts. The ATO recommends keeping details such as the purchase price in AUD, transaction date, exchange records, and transaction fees for your crypto investments.

    Step 4: Start Trading Cryptocurrency

    • Search for the cryptocurrency you want to buy, such as Bitcoin (BTC) or Ethereum (ETH).
    • Select “Buy” or “Trade”.
    • Enter the amount of AUD you want to spend.
    • Review the current price, trading fee, and total cost.
    • Choose a market order for an immediate purchase or a limit order if you want to set your own buying price.
    • Confirm the order.
    • Check your exchange wallet to make sure the crypto has been credited.

    Final Verdict: Best Cryptocurrency Trading Platform Australia

    In a nutshell, for most everyday Aussie traders who care about security and easy banking, Kraken is the best crypto exchange for Australians. It offers fast, free AUD deposits through PayID and Osko, a tiny $5 minimum, over 200 tradable coins, hardware security key support, and regular Proof of Reserves checks. The only real catch is its higher starting fee rate (0.40% maker and 0.80% taker).

    • Coinbase: A solid, beginner-friendly global brand with proper local licensing. However, standard purchases have high built-in spreads, so stick to the Coinbase Advanced tab to keep your fees down.
    • Swyftx: A great home-grown Aussie crypto trading option if you want local customer service and simple tax reporting. But again, keep in mind that its baseline 0.60% spot trading fee sits on the higher side.
    • Bitget: Offers handy automated features like copy trading and cheap spot rates, but it is not the top choice for user safety. Pay close attention to local regulatory warnings around its derivatives products.
    • Gate Australia & KuCoin: Decent picks if you are hunting for small-cap altcoins while still wanting an AUSTRAC-registered framework.
    • Binance: It’s unbeatable for global trading depth and volume, though you need to double-check their current AUD bank deposit options and keep past compliance troubles in mind.
    • MEXC, Bybit & HTX: These fall into the high-risk category for everyday retail users. Well, cheap fees, high leverage, and thousands of niche tokens do not make up for the lack of local legal protection.

    FAQs: Best Crypto Apps in Australia

    Which crypto exchange has the lowest fees in Australia?

    MEXC offers the lowest trading fees in Australia because spot maker fees cost 0.0% and taker fees cost up to 0.05%. It also has many zero-fee trading pairs like BTC/USDT.

    What are the most commonly used crypto exchanges in Australia?

    Swyftx, Kraken, Bitget, and Binance are the most commonly used crypto exchanges in Australia. More than 1.2 million Australians use Swyftx because you get native customer support over local phone calls. By the way, high-volume traders also use Binance and Bitget for deep order book liquidity.

    Which is the most safest Australian crypto exchange right now?

    Kraken is the most secure crypto exchange in Australia because it maintains an unbroken security record since launching in 2011. You get regular proof-of-reserves audits, so you know the exchange holds your assets safely in offline cold vaults.

    Do Australian exchanges charge VAT on crypto transactions?

    No, Australian exchanges do not charge Goods and Services Tax (GST) or VAT on digital currency buying and selling. The Australian Taxation Office mainly views crypto assets as property rather than taxable goods. So, you only pay GST on the service fees charged by the trading app during trade execution.

    Which crypto mobile app is used in Australia?

    Swyftx and Coinbase are the most popular mobile crypto apps used by Australian residents today. You can download these apps directly from the Apple App Store or Google Play Store for daily portfolio tracking. And, guess what, both apps let you send AUD straight from your bank using instant PayID.

    Which Australian bank is best for crypto?

    NAB, ANZ, Macquarie Bank, and Westpac are good options for sending money to registered crypto exchanges in Australia. You can send instant AUD deposits using PayID without paying standard processing fees.

    Which is better for Australians, CoinSpot or CoinJar?

    CoinSpot is better for Australians who want a larger coin list, 24/7 local support, and a very simple beginner app, while CoinJar is better for a lower-cost order-book experience and its crypto spending card.

    Are local Australian crypto exchanges safe?

    Yes, local Australian crypto exchanges are very safe when they register with AUSTRAC and follow financial security regulations. You get strong user protections like two-factor authentication and offline cold wallet storage for digital assets.

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    ABOUT THE AUTHOR

    Crypto Security, Self-Custody & Hardware Wallet Specialist

    Alex Hayes covers hardware wallets, crypto security, and self-custody at HardwareWallets.net. He focuses on real-world wallet security, setup, transaction signing, backup and recovery, privacy, supported assets, and day-to-day usability.

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