best crypto exchanges in Australia

Searching for an Australian crypto exchange that fits your needs can be tricky these days. There are so many options out there!

I completely understand if you’re feeling overwhelmed by the sheer number of dedicated cryptocurrency exchanges, with each competing to provide the best crypto exchange platform for new cryptocurrency investors. But don’t worry, we’ve got you covered.

We’ve tested, researched, and reviewed over 30 exchanges to bring you the best crypto trading platforms for Australians.

Our Top 10 Crypto Exchanges

1. Swyftx – Best Overall
2. CoinSpot – Best for Beginners
3. Binance – Best for Day Trading
4. Bybit – Best for Derivatives
5. Crypto.com – Best for Crypto Visa Cards
6. Coinjar – Great for Crypto bundles
7. Digital Surge – Great for Value
8. Independent Reserve – Best for OTC Trading
9. Coinmama – Great for Fast Crypto Buys
10. eToro – Best for CFDs

Getting straight into it, these are the 3 best Australian crypto exchanges compared.

Exchange	Currencies	Cryptocurrencies	Fees	Sign Up
Swyftx	AUD / USD	300+	0.6%	Visit $20 BTC Sign-up Bonus
CoinSpot	AUD	300+	1%	Visit
Binance	60+	600+	0.1% – 1.8%	Visit

For more detailed reviews of our top 10 trading platforms, keep reading!

Best Australian Cryptocurrency Exchanges 2023

We’ve built a list of the best exchanges (both domestic and foreign) that offer the most reliable and secure exchange platforms for Australian crypto investors & traders.

Let’s have a look at the key distinctions between these exchanges.

1. Swyftx: The Best Crypto Exchange in Australia

• Website: swyftx.com
• Currency: AUD, NZD
• Fees: 0.4% – 0.6%
• Available Cryptocurrencies: 320+
• Review: Swyftx Review

The best Australian crypto exchange, Swyftx, is a cryptocurrency exchange where you can trade Bitcoin (BTC), Ethereum (ETH), and over 300 altcoins. When it comes to crypto trading, Swyftx offers some of the most competitive trading fees and spreads in the industry by tapping into international liquidity trading markets. Arguably the best Bitcoin exchange in Australia.

Swyftx does this by automatically optimising your orders across the exchanges and order books to provide the best possible crypto prices and liquidity levels.

What I liked about this best crypto trading platform is that it allows you to automate your cryptocurrency investments. You just need to set up regular payments on your Swyftx trading account, and the money you put in will be split among the digital currencies you specify.

Moving further, Swyftx also includes more advanced features and advanced trading tools to trade crypto such as price alerts and portfolio management functionality.

The portfolio tracker is an especially useful instrument that shows you the current value of all your digital assets and your gains and losses on your coins in real-time.

We love their super-handy demo mode, where you can practice your crypto trading strategies and get more trading experience without sacrificing your own money. That’s right! You don’t need to deposit money because Swyftx will provide you with virtual money. Quite fun.

In comparison with other exchanges, Swyftx’s phone service is a significant perk in my view, as I don’t recall another exchange’s support team taking the time to talk to me over the phone.

Perhaps I should have prefaced this claim by noting I am not a high-rolling investor, as these traders seem to receive nothing but top-notch support everywhere.

On Swyftx, however, all serious traders can enjoy a sense of exclusivity and the privilege of having continuous support from the exchange’s team.

Swyftx is certainly one of the best Australian crypto exchanges and the right crypto exchange for Aussie crypto newbies.

Pros:

• An easy-to-use and highly secure exchange for Australian crypto traders to trade digital currencies
• An AUSTRAC regulated exchange
• Demo trading account for beginners to try trading strategies and practice trading
• Considered to be the best crypto exchange Australia
• Perfect for spot trading
• Offers AUD earn crypto interest
• Trusted crypto exchange because it hasn’t been hacked
• Live chat and phone support for the Australian crypto market
• Easy and fast deposits and withdrawals in AUD
• Supports various payment methods such as credit card deposits
• The possibility of earning passive revenue through crypto staking features.

Cons:

• Swyftx crypto services are available only to residents of Australia and New Zealand.

Start Trading with Swyftx

2. CoinSpot: Best for Beginners

• Website: coinspot.com.au
• Currency: AUD
• Fees: 0.1% – 1%
• Available Cryptocurrencies: 370+
• Review: CoinSpot Review

Australia’s largest crypto exchange CoinSpot is situated in Melbourne. It is a premier crypto exchange to trade crypto. If you want to buy any cryptocurrency on CoinSpot, you can do so quickly and easily by linking your bank account or utilising a third-party payment processor like PayID, OSKO, or BPAY.

Please note that the deposit AUD made through Blueshyft are the most expensive way to purchase crypto directly on CoinSpot. To be specific, there will be a 2.5% fee assessed by the Blueshyft payment service to process your transaction.

On the other hand, you will be pleasantly surprised to learn that the platform does not impose any fees associated with withdrawing funds from your account.

Once you make a deposit, you can begin trading on this platform. CoinSpot has trading costs at 1% for quick purchases, sales, or swaps and 0.1% for market orders through the OTC desk.

Like other Australian cryptocurrency exchange, CoinSpot offers a multi-currency wallet and a customer support service available to you around the clock via a live chat feature, which I find to be especially valuable for “beginner’s mistakes.”

Pros:

• Registered and secure exchange
• Beginner-friendly user interface
• Cash deposit funds
• Wide range of supported payment methods
• Safest crypto exchange in Australia
• Certified member of the Blockchain Australia
• Some of the lowest crypto trading fees in the industry
• 24/7 live chat support

Cons:

• Pricey Blueshyft deposits
• Supports only AUD as a fiat currency
• Available only for Australian residents

Start Trading with CoinSpot

3. Binance Exchange: Best for Day Trading and Spot Trading

• Website: binance.com
• Currency: 60+ (including AUD)
• Fees: trading fees start at 0.1% for spot trading (0.02% for BNB holders) to 1.8%
• Available Cryptocurrencies: 600+
• Review: Binance Review

Binance is an international cryptocurrency exchange that offers some of the best buy and sell prices on the market for trading Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and other cryptocurrencies. It is one of the largest crypto exchanges by trading volume. Binance’s trade low trading fees are determined by a number of factors, including your trading activity, the quantity of BNB tokens you hold (this can bring you a trading fee discount of 25%), and whether you take or add liquidity to the platform.

No other platform offers such a wide variety of trading markets (for both novice and experienced traders), numerous payment methods, a vast selection of supported cryptocurrencies, meme coins, DeFi tokens, a peer-to-peer (P2P) or crypto to crypto trading platform, spot trading, futures grid trading, an OTC trading desk, crypto staking, NFTs, margin trading, limit orders, and futures trading options. Even more conveniently, you can buy cryptocurrency with almost any fiat currency via bank transfers or SEPA.

From my point of view, Binance is the most trustworthy platform for day trading and spot trading since it provides all the advanced trading tools necessary to close a trade in less than a day, thanks to its high liquidity, high trading volume, and diverse asset offering.

And if there’s anything I’ve forgotten to mention, be confident that Binance has it all. On second thought, there is one thing that this crypto trading colossus is lacking — a platform with full regulatory oversight. Mind that. 

Pros:

• Highly liquid and user-friendly platform, which makes it perfect for spot trading
• Largest cryptocurrency exchange by trade volume
• Best exchange for day traders, large volume traders, and frequent traders
• You’ll have better average combined fee if you are holding BNB coins.
• Has one of the best industry average because of its enormous trading volume.
• Provides the largest variety of trading options on the market
• Supports huge range digital assets for trading among its peers
• Caters to both beginner and professional traders
• Zero fee Australian Dollar (AUD) deposits
• Offers free trading bots and third party trading bots
• Offers some vital crypto news feed on their platform called Binance News
• Has feature called Secure Asset Fund for Users to compensate other users in case of hack.
• Has its own dedicated wallet that allows you to easily transfer funds and complete trades quickly.
• One of the lowest fees crypto exchange out there.
• Zero fees on certain BTC pairs.
• Has some of the most competitive pricing on the market.

Cons:

• Has a record of security breaches in the past
• Not fully regulated by financial authorities
• Has minimum and maximum limits on trading crypto for exchange controls
• Has run into trouble with regulators in several countries where it operates.

Start Trading with Binance

4. Bybit Exchange: Best for Derivatives Trading and Advanced Users

• Website: bybit.com
• Currency: AUD, GBP
• Fees: 0.08% to 0.20%
• Available Cryptocurrencies: 50+
• Review: Bybit Review

If you ask me, ByBit is one of the most sophisticated derivatives solutions on the global crypto map. It was founded in 2018 by Ben Zhou in the British Virgin Islands, but its headquarters are in Singapore. In a short time, ByBit gathered over 5 million traders and became the fastest-growing crypto platform for professional use.

The ByBit popularity lies in the impressive feature set, extra-functionalities and trading tools. I first jumped on the spot market to find a decent selection of trading pairs with 200 different cryptocurrencies, up to 3x leverage, and options for placing ultra-advanced order types. However, ByBit is apparently geared towards the derivatives markets and advanced markets, that’s why if you’re into derivatives trading, ByBit is perfect for you.

The exchange offers three types of derivatives trading contracts Inverse Perpetual contracts, Inverse Futures contracts, and USDT Perpetual contracts. All trading pairs supported by ByBit consist of cryptocurrency only.

Inverse futures and perpetual contracts that contain USD as a base currency are settled in the underlying crypto. However, I was so glad to hear that ByBit has recently launched an option for fiat funding through popular crypto providers like Simplex.

As part of the “derivatives trading package,” ByBit offers margin trade with up to 100x for BTC-containing trading pairs and up to 50x for all other platform-supported coins and tokens. For me, it was rather impressive to see all those mechanisms for hedging the potential losses from margin trading, such as Auto-Deleveraging (ADL), Dual Price Mechanism, and internal crypto insurance fund.

All these features are accommodated on a futuristic, state-of-the-art dashboard. The advanced charts system is powered by TradingView, which allows users to adjust the complicated graphs based on their personal trading needs.

Pros:

• High-performance, market-optimised API for intensive trading and fast data refreshes
• Perfect for advanced cryptocurrency traders particularly derivatives traders
• Up to 100x leverage on ETH/USD and BTC/USD
• 24/7 live chat support
• NFT marketplace and copy trading functionality to copy exact trades of most successful traders
• 100K TPS matching engine

Cons:

• Somewhat high crypto withdrawal fees

Start Trading with Bybit

5. Crypto.com: Best for passive income

• Website: crypto.com
• Currency: USD, AUD, CAD, CHF & 15+ more
• Fees: 0.04% to 0.4%
• Available Cryptocurrencies: 250+
• Review: Crypto.com Review

Crypto.com is a top cryptocurrency trading platform accessible both on desktop and mobile. It is not just a place to purchase and sell digital assets and coins, but you can also access numerous additional features such as market place for NFT, Visa debit card, earning and stakestaking.

One of the major reasons Crypto.com is so popular is that it has more than 250 crypto coins for users to purchase, sell or trade. The supported cryptocurrency list includes BTC, ETH, XRP, ADA, DOGE, SOL along with CRO (which represents the cryptocurrency used by the exchange). The benefit of CRO is that it allows you to put it in a position to cut down on costs for trading and earn rewards. Additionally, it can offer cashback on purchases using the Visa debit card.

Crypto.com also has their own Metal Visa debit card. Apart from being stylish it also offers many advantages. This card lets you earn different rewards depending on the amount of credit card you own – which is determined by the amount of CRO coins that you put in. You could earn up to 5 percent cashback on purchases. You can also get 100% cashback for Spotify as well as Netflix subscriptions, and 10 percent off Expedia or AirBNB bookings and even airport lounge access!

One of the most significant benefits of Crypto.com is the name Crypto.com Earn which provides a means that you can earn crypto interest from your cryptocurrency, while playing with the assets. There are 40different cryptocurrencies available to stake and the earnings are daily credited to the currency you hold staked. In fact, you could even increase the rate of crypto interest or yield from your crypto staked depending on the amount of CRO you’ve placed a stake in.

Finally, Crypto.com comes with an outstanding customer service. The greatest thing is that they offer live chat support that is ready to assist you any time during the day. In the event of a high volume of users you can expect to be answered via email later and you’ll be able to respond to their emails via Live Chat if you like. In general, Crypto.com’s support team is quite responsive, depending on the level of activity. The email ticketing system is also a good option for those who aren’t in a hurry.

Pros:

• Has derivatives and margin trading
• Insurance cover on cryptocurrencies
• Fast lending and crypto borrowing
• Offers premium accounts to get VIP access on select suite/seat food and beverage, complimentary airport lounge access, preferred parking, and building entrances
• One of the top crypto exchanges to earn passive income
• Crypto.com Visa debit card comes with 5% cashback
• Over 250+ crypto with staking available on 40+ coins

Cons:

• Crypto.com Visa card may require currency conversion fee

Start Trading with Crypto.com

6. CoinJar: Best for Crypto Bundles

• Website: coinjar.com
• Currency: AUD, GBP
• Fees: 0.08% to 0.20%
• Available Cryptocurrencies: 50+
• Review: CoinJar Review

When it comes to exchanging digital assets, Australians have long relied on CoinJar, a cryptocurrency exchange known for its convenience and quick service. The intuitive nature of CoinJar’s easy to use interface makes it ideal for novice and experienced investors alike.

It’s also worth noting that this Melbourne-based cryptocurrency exchange is underpinned by one of the world’s fastest order-matching engines, allowing instant cryptocurrency buys and uncomplicated exchanges.

The opportunity to use my cryptocurrency for routine purchases was the main reason I signed up for this exchange. Nonetheless, it wasn’t long before I discovered that the site provides many interesting options for accumulating crypto assets and diversifying your portfolio.

In this regard, I think you’ll find the CoinJar bundles to be an excellent offering, as they’ll help you save on both time and money in your trading activities. This feature allows you to buy the most popular tokens in a single purchase while monitoring the progress of your portfolio. Right now, you can buy one of roughly ten crypto bundles comprised of various coins combined in a single offer for your convenience.

From my angle, this product’s strength is that it enables you to automate your investment in any CoinJar package you choose through periodic debits from your linked bank account. I’m sure you’d agree that maintaining a diversified portfolio has never been more straightforward than it is now with CoinJar.

Pros:

• Super-friendly, clean design
• Appropriate for advanced traders and seasoned investors
• Instantaneous credit/debit card transactions
• A straightforward account opening procedure

Cons:

• Lacks any sort of real-time customer service (no phone or live chat assistance)
• Comparatively high transaction fees
• Doesn’t facilitate margin trading.

Start Trading with Coinjar

7. Digital Surge: Best for Value

Note: Due to their exposure to FTX (an exchange that went bankrupt as a result of a liquidity problem), Digital Surge has temporarily suspended withdrawals and deposits.

• Website: digitalsurge.com.au
• Currency: AUD
• Fees: 0.1% – 0.5%
• Available Cryptocurrencies: 300+
• Review: Digital Surge ExchangeReview

Located in Brisbane, Australia, Digital Surge is a Bitcoin and cryptocurrency exchange that supports the exchange of more than 300 digital currencies against AUD at low fees and tight spreads.

One of the features I liked best on this platform is the Pay Wizzard. With the help of this financial instrument, you will be able to use your debit card, credit card, or bank account to pay your bills and buy some things in bitcoins through Digital Surge’s order book.

Best of all, the Pay Wizard on Digital Surge doesn’t need any sort of intermediary like a bank to complete the transaction. Even though Digital Surge offers a free digital wallet you can use for this kind of payment, you are free to use any third-party Bitcoin wallet you like to settle your financial obligations.

Digital Surge allows you to put your money into Bitcoin and other digital currencies using your Self-Managed Super Fund (SMSF). The first step to do this is to open an SMSF trading account with the exchange, which is quite simple. Before completing the account verification process, remember to specify SMSF as your account type.

To sum up, Digital Surge provides convenient investment options, the best value for your money, and a safe and simple-to-use crypto trading platform that follows the strict guidelines of Anti-Money Laundering and Counter-Terrorism Financing Act regulators, ASIC and AUSTRAC. Sign up with a Digital Surge account today!

Pros:

• Safe and regulated platform
• Low fees and low spreads
• Enables settling of your monthly invoices with bitcoins
• 24/7 live chat support.
• Suitable for both newbies and advanced crypto traders

Cons:

• Supports only AUD
• Doesn’t support credit card/debit card payments.

Start Trading with Digital Surge

8. Independent Reserve: Best for OTC Trades

• Website: independentreserve.com
• Currency: AUD, USD, SGD, NZD
• Fees: 0.2% to 0.5%
• Available Cryptocurrencies: 30+
• Review: Independent Reserve Review

The year 2013 marked the beginning of the Independent Reserve’s successful journey into the world of cryptocurrency. Since then, this cryptocurrency exchange based in Sydney has won many industry awards for its first-class services.

After doing a lot of research on the platform, I can confirm that the company has good reason to be proud of its advanced trading tools and its ability to trade large amounts of money with high-net-worth clients through its OTC desk.

With an OTC service like Independent Reserve, price fluctuations are significantly reduced, which is a major benefit for you as a crypto investor. Basically, the more OTC deals you make through this Australian exchange, the less slippage you’ll incur.

Furthermore, the Independent Reserve OTC desk caters to SMSFs, corporate investors, and high-net-worth traders. Additionally, this financial tool features prompt payouts, a digital wallet, ample liquidity, and excellent customer service that is accessible from its Sydney headquarters.

Independent Reserve uses a tiered pricing model based on your 30-day trading volume to cover the transaction processing costs. According to this model, you can incur a cost somewhere between 0.2% and 0.5% when trading cryptos through this site.

The good news is that this market charges zero deposit fee for cryptocurrencies. However, things don’t look so well for withdrawals. There’s a minor withdrawal charge when you withdraw cryptocurrency to your Australian bank account, while withdrawing New Zealand dollars will set you back 20 NZD.

Pros:

• A secure and user-friendly platform
• OTC trading desk available for large volume trades
• Deep liquidity
• 24/7 email customer support
• Not limited to AUD only.

Cons:

• No live chat support
• Minor charge when you withdraw AUD
• Supports a handful of digital assets.

Start Trading with Independent Reserve

9. Coinmama: Best for Fast Crypto Purchases

• Website: coinmama.com
• Currency: AUD, USD, CAD, GBP, EUR, JPY
• Fees: 0.99% – 3.90%
• Available Cryptocurrencies: 10+
• Review: Coinmama Review

The primary function of Coinmama is to enable its users to purchase and sell cryptocurrency with a bank account, debit card or credit card in a simple and streamlined manner. Besides this trading feature, this service does not offer a wide variety of additional financial instruments or products.

When it comes to purchasing cryptocurrencies, the most important thing for a trader is a concise user interface and advanced trading features. The exchanges’ uncomplicated design and a modest range of basic crypto trading services meet both requirements.

Buying and selling crypto is indeed more straightforward with Coinmama. To start buying and selling crypto using this platform, you must set up your crypto wallet and verify your trading account. After you have done these things, you will be ready to buy your favourite cryptocurrencies.

Upon deciding on the digital currency asset you want, you will be prompted to key in the number of coins you want to buy.

After that, you will need to input the address of your third-party crypto wallet, select your preferred payment method, and give your authorisation for the transaction. Your newly acquired coins will be reflected on your balance as soon as they have been purchased. I told you it would be a piece of cake. Sign up with Coinmama exchange account today!

Pros:

• A beginner-friendly platform
• A FinCEN regulated exchange
• Simple and quick crypto-buying
• Wide variety of payment options
• Accepts credit card payments.

Cons:

• Price-wise, it’s far from cheap
• Not many trading options
• A handful of supported cryptocurrencies
• No crypto wallet provided
• Suffered a hacking incident in 2019.

Start Trading with Coinmama

10. eToro: Best for Crypto CFDs and Copy Trading

• Website: etoro.com
• Currency: AUD, USD, GBP, EUR, JPY
• Fees: 0.75% – 5% (for fiat-to-crypto conversion)
• Available Cryptocurrencies: 80+
• Review: eToro Australia Review

Based in London, UK, eToro is a multi-asset brokerage that allows traders to invest in equities, digital currencies, and forex pairings. You can also do OTC and crypto CFDs trading through this exchange, making eToro one of the most versatile platforms in the industry. eToro is certainly one of the best cryptocurrency exchanges out there.

Into the bargain, with eToro’s proprietary CopyTraderTM technology, you can quickly reproduce other traders’ strategies by adding them to your portfolio and using them as your trading approach.

Simply choose the market participants or strategies you want to imitate, set your investment limits, and click the designated Copy key to automatically replicate all of the selected broker’s copied trades in your account. As a result, your future trades will immediately begin to reflect the trading steps made inside the portfolio that you have just duplicated.

In my opinion, CFD trading is another of eToro’s selling points. The trading platform provided by eToro is an excellent resource for becoming acquainted with the fundamentals of CFD trading.

Contracts for differences, or crypto CFDs, are a type of futures contract in which the price difference between purchasing and selling a financial product is settled in cash rather than via delivery of assets or products. With CFD trading, you don’t need to own the underlying securities to strike a deal. Instead, you can just speculate on the value difference between a contract’s starting and end price.

Pros:

• An easy-to-use social trading platform
• Secure and regulated crypto exchange
• Offers demo account to test your trading strategies (such as rapid trade speed) and practise trading
• Perfect for you if you’re both into crypto trading and forex trading
• Excellent customer support
• Great variety of digital assets
• Enables copy trading to copy successful traders and successful investors
• Ability to purchase crypto CFDs

Cons:

• The trading offers cater more to advanced traders
• Some of the eToro fees can be very high
• Not available for USA residents

Start Trading with eToro

11. Kraken: Best Staking Options

• Website: kraken.com
• Currency: AUD, CAD, USD, EUR, GBP, AED, CHF, JPY
• Fees: 0%t – 0.36%
• Available Cryptocurrencies: 70+
• Review: Kraken Review

As one of the longest running crypto exchanges, the strong emphasis that Kraken has on its security is what brought the company’s name to the forefront of the industry ever since its inception in 2011. Their security measures are so strong to protect traders and their customer funds. It is a US based cryptocurrency exchange. I was impressed to learn that Kraken’s servers are protected at a military level by being watched around the clock by armed security and automated systems. This knowledge gave me a great sense of confidence when executing my trades.

Kraken has some of the top customer support services in the market as well, with a support team available 24/7 to address all your trading-related inquiries. I genuinely appreciate that Kraken’s customer service isn’t a bot with automated replies but an actual person answering your questions via live chat or email.

To continue, this exchange allows for instant and fast bank withdrawals, widespread accessibility, and staking – all at low trading costs. Fees can be anything from 0% to 0.36%, depending on the kind of trading you do and the number of transactions.

Speaking of lucrative options, staking your dormant assets on this platform can boost their value. You see, the BTC staking offer of this veteran exchange was a big selling point for me. Namely, Kraken is one of the best places to stash your crypto and get rewards just for keeping it there.

The platform even supports BTC staking even though Bitcoin is a coin that is mined using the Proof-of-Work algorithm. Note that this trading feature is only feasible because the platform supports off-chain staking operations.

Pros:

• A highly secure and regulated trading platform
• Excellent 24/7 customer support service
• Instant deposits
• You can instantly buy crypto with debit and credit card purchases with Visa / Mastercard
• Advanced trading instruments, such as margin trading and futures trading
• Among the most secure exchanges out there
• Access to deep liquidity pools.

Cons:

• Expensive Instant Buy fees
• Has daily deposit limit
• Not available to New York and Washington citizens.

Start Trading with Kraken

12. KuCoin – Best for Anonymous Trading

• Website: www.kucoin.com
• Currency: 50+ (including AUD)
• Fees: 0.1%
• Available Cryptocurrencies: 700+
• Review: KuCoin Trading Platform Review

The fact that this exchange operates out of Seychelles, Hong Kong, and Singapore ought to be sufficient for more experienced crypto traders to recognise that KuCoin is not a regulated market. I’m saying this without any negative connotation.

It’s just that, financially speaking, these regions are heaven for new crypto enterprises since their legal restrictions are laxer than those of the United States and Europe. As a result, trading platforms in these zones provide lower fees and a wider selection of micro-cap digital currencies.

Due to the lack of financial oversight, KuCoin has positioned itself as a decentralised cryptocurrency exchange that prioritises user privacy by not requiring KYC data such as personal details from its traders. Therefore, you don’t have to reveal any private information to fund your KuCoin accounts with cryptocurrency if you’re typically trading with small amounts. However, user authentication is a must when making large volume crypto transactions through this platform.

When it first opened, KuCoin didn’t allow fiat money deposits due to its lack of regulation compliance, but that has since changed. Fiat accounts, funded via bank cards, were established by KuCoin in 2019, in response to user demand for a more streamlined deposit process. So, if you wish to use your bank card on this exchange, you will also need to complete due diligence and know your customer (KYC) procedures.

If you are interested in learning more about anonymous trading platforms available to cryptocurrency traders in Australia, our guide on the Best Anonymous Cryptocurrency Exchanges is a great read for you. 

Pros:

• An advanced trading platform
• Low trading fees,
• Among the most trusted exchange in the crypto space.
• Massive range of supported cryptocurrencies
• Allows for earning passive revenue through staking
• Enables anonymous trading (without going through the KYC protocol and providing ID)
• Offers live chat customer support
• Provides margin trading option
• Offers discount on all your trading fees
• Never had any security breaches of its platforms.

Cons:

• An unregulated trading platform (not registered with AUSTRAC)
• Beginners may struggle with its UI and the advanced trading options.

Start Trading with KuCoin

13. Easy Crypto Exchange – Fastest and Most Convenient Way to Buy Crypto in Australia

• Website: https://easycrypto.com/au
• Currency: AUD
• Fees: Vary
• Available Cryptocurrencies: 100+
• Review: Easy Crypto Review

Easy Crypto Australia is a cryptocurrency exchange platform that is available to Australians which makes it easy for anyone to participate in the crypto industry. This Aussie exchange allows users to buy digital assets using the most simple fastest, most efficient, and secure manner, and without having to hold any of your money in cryptocurrency as well as Australian dollars.

Easy Crypto Australia guarantees that you are in complete charge of the assets you own all time, and offers a 100% money safety assurance for all types of transactions. If you’re still not sure the best feature in the Easy Crypto Australia is the ability to buy and sell crypto quickly.

Easy Crypto Australia also supports hundreds of different currencies which include the major ones like BCH, BTC, ETH, ADA, NEO, and LTC just to mention just a few.

In terms of charges, Easy Crypto Australia is extremely transparent about their charges. There are no charges for withdrawals, deposits or deposit fees and there are no hidden charges! Of course they charge crypto trading fees that vary from 0.5 percent to 1.6 percentage.

If you’re still unsure take note this: Easy Crypto Australia is a legitimate cryptocurrency exchange since it follows KYC/AML procedures and is regulated by AUSTRAC to stop money laundering and the financing of terrorist financing.

To summarize the reliability and security are one of the most important characteristics that comes with Easy Crypto Australia. It also features a minimalist and intuitive interface which makes trading cryptocurrency more effortless and seamless!

Pros:

• Great security and support
• No hidden fees
• Perfect for beginners
• Auto-buy feature with dollar cost-averaging strategy
• Quality selection of crypto assets

Cons:

• Delay processing if you execute large trades

Start Trading with Easy Crypto

13. MEXC Global – Thousands of Supported Cryptocurrencies

• Website: https://www.mexc.co/
• Currency: USD, NZD, AUD
• Fees: Futures: 0.02/0.06% (Maker/Taker), Spot: 0.2%
• Available Cryptocurrencies: Over 1,500 cryptocurrencies
• Review: MEXC Review

MEXC is the ideal choice for experienced cryptocurrency traders who appreciate a huge selection of currencies, a variety of markets, and a deep liquidity. On MEXC traders can make spot transactions margin trade (with up to 130x leverage) as well as derivatives trade and gain access to over 1,520 coins and 2114 trading pairs. It will be difficult to find a crypto trading platform with more coins than MEXC.

The costs for trading are minimal, with just 0.2 percent for spot trading and 0.02/0.06 percent (maker/taker) in the case of futures trades. If you sign up using our link, you’ll also get 10% off all fees associated with trading as well as $25 USDT free. In addition to the normal trading options, there’s also copy trading available on MEXC. For those who aren’t familiar about the term it’s a type of trading that allows you to automatically execute the identical trades with a profit-making investor you choose. This is a fantastic option if you don’t have the time to conduct a thorough technical study of the market prior to making trades. Another benefit is the trading bots for free that are available in the exchange. They can be set up to your specifications and trades can be executed at any time even when you’re sleeping or not online.

MEXC has extremely high liquidity and boasts the highest level of liquidity of any trading platform for crypto which includes crypto giants like Bybit, Binance, KuCoin and Huobi. If you look at the below graphs of liquidity for BTC/USDT and ETH/USDT you’ll see that MEXC is far ahead of its nearest rival Bitget and the rest of the competitors are almost insignificant. It means even when are a very large quantity trader, you orders will be processed immediately.

Pros:

• Over 1,520+ cryptocurrencies available
• Several different trading markets
• Staking is available on a variety of cryptos.
• Leverage trading of up to 125x can be supported
• Mobile app for Android users

Cons:

• You cannot take out a withdrawal of fiat currency from MEXC
• A small number of cryptocurrency available for instant purchase

Start Trading with MEXC