The best cryptocurrency exchanges in Australia can be difficult to find when there are over 400 licensed crypto trading platforms. To help you cut through the mess, we have put together the 5 best crypto exchanges in Australia.

  1. CoinSpot - Best overall for Crypto Trading, NFTs, Staking and SMSF/OTC
  2. Independent Reserve - Best for Institutional Investors and High-Net Worths
  3. SwyftX - Best for Low Fee Instant Swaps
  4. Binance Australia - Best for Futures Trading and other Advanced Features
  5. Coinbase Australia - Best for Beginners, but Expensive
Image Image Image
Available Cryptocurrencies 350+ 300+ 30+
Trading Fees 0.1% Market Order or 1% Instant Order 0.6% 0.5%
Daily Deposit Limits $100,000 AUD $100,000 AUD $100,000 AUD (more if OTC)
Deposit Methods Bank Transfer, Cash, PayID/Osko, POLi, BPAY Bank Transfer, POLi, PayID, Debit/Credit Card, PayPal Bank Transfer or PayID/Osko
iOS/Mobile Support Image Image Image
Cryptocurrency Staking Image Image
Customer Support Image Image Image
Website Visit CoinSpot Visit SwyftX Visit Independent Reserve


Our research found that CoinSpot is the best overall cryptocurrency exchange to buy, sell, stake and trade in Australia. This is because they offer the best fees, most cryptocurrencies to trade and stake on their platform.

Table of Contents

What is the Best Crypto Exchange for Altcoins?

If you are an altcoin trader, you will need to find an exchange that has a wide variety of cryptocurrencies and are fast to list new coins. If this sounds like you, the cryptocurrency exchange with the most altcoins is CoinSpot. They offer over 350 different assets, with SwyftX coming in at second with 300 in total.

If you are comfortable trading on global exchanges, is a great platform for very long-tail altcoins. You can read our extended Review for more information.


#1 CoinSpot Australia

CoinSpot is widely regarded as the best, easiest and most useable exchange in Australia for anyone to get into cryptocurrency. Their platform is the most popular crypto exchange in Australia boasting over 2 million users.

They support the widest range of cryptocurrencies and altcoins in Australia that can be bought, sold and traded all one one platform. This includes Bitcoin, Ethereum, Chainlink, Cardano, Tezos and much more.

They also offer a secure and easy to use wallet for users to store their coins and then quickly be able to convert them for AUD. For more information, read our CoinSpot Review.

Best Crypto Exchanges CoinSpot
  • Features:¬†350+¬†Cryptocurrencies, NFT¬†Marketplace, OTC¬†Trading, Crypto Staking, Low Fees
  • Trading Fees: 0.1% - 1%
  • Fiat Currencies:¬†AUD¬†Only

CoinSpot fees on their instant order's are 1% which is a little less competitive than Independent Reserve and other exchanges on the market - however it is definitely the most convenient option.

Their platform also offers a market buy feature, which is a lower fee at 0.1% - but is a slightly more advanced way to start trading and is similar to stock trading. We would recommend getting comfortable with the instant buying process if you are new, prior to moving over to market orders.

Visit CoinSpot


#2 Independent Reserve

Independent Reserve is Australia's most trusted exchange that was awarded Australian cryptocurrency exchange of the year in 2019. Most notably, they offer a simple user interface, competitive fees and the best cryptocurrencies including all of the latest DeFi tokens.

Independent Reserve's exchange is available to customers worldwide, however their key focus is in Australia, New Zealand and Singapore. In terms of fiat deposits, they also accept AUD, USD and NZD as shown above.

Their exchange offers one of the widest rangest of deposit methods available in Australia including PayID/Osko, EFT, POLi and SWIFT. This makes it easy for Australians and New Zealanders to quickly onboard and buy Bitcoin and other cryptocurrencies due to their great range of on-ramps.

Best Crypto Exchanges Independent Reserve
  • Features:¬†30 +¬†Cryptos, OTC¬†Desk, SMSF¬†Support, Institutional Investor Onboarding
  • Trading Fees: 0.5%
  • Fiat Currencies:¬†AUD, NZD, USD and SGD

Another important thing to note is that Independent Reserve has one of the best track records in the world in terms of being a cryptocurrency exchange that has never been hacked. They are well known in Australia for their security and are one of the only cryptocurrency exchanges around the world that offer insurance on crypto assets.

Independent Reserve are also considered one of the best exchanges for Over the Counter (OTC) trades and Self Managed Super Fund clients that are interested in diversifying into cryptocurrency.

Visit Independent Reserve


#3 SwyftX

Swyftx is a cryptocurrency exchange based in Brisbane Australia that offers a simple platform for Australians to buy, sell, trade and invest in over 100 different cryptocurrencies. Their exchange is designed for simplicity and is focused of making it easy for new users to invest in crypto.

Their platform offers an extremely wide range of features including automated dollar cost averaging, instant buys, rapid verification, buy with a Credit Card or Debit Card and much more.

  • Features:¬†300+¬†Cryptos, Staking, SMSF
  • Trading Fees: 0.6%
  • Fiat Currencies:¬†AUD, NZD

The SwyftX managed wallet enables clients to safely store all of the differency crypto assets that are listed on the SwyftX platform. Although the SwyftX Wallet, or any other exchange wallet for that matter is secure - we would still recommend that users withdraw their assets into cold storage. For more information, read our SwyftX Review.

Visit SwyftX


Best Crypto OTC Exchange in Australia

Independent Reserve is the best Crypto OTC Exchange if you are looking for deep liquidity to buy over $200,000 AUD worth of a cryptocurrency like Bitcoin, Ethereum, Polkadot, Cardano or other coins. They are Australia's premier over-the-counter (OTC) desk that provides a white-glove service for high net worth and institutional investors.

They will provide you with an account manager to oversee your entire OTC crypto buying experience. Their platform is a licensed company under ASIC and is under the regulatory purview of AUSTRAC.

Visit CoinSpot
May 10, 2022

More from 



View All

Get our latest market insights
directly to your inbox.

No spam ever. Read our Privacy Policy
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.