Top 10 Best Crypto Brokers in Australia March 2025

A crypto broker is your means to buy and sell cryptocurrency. In this beginner-friendly guide, compare the best Australian crypto brokers and find examples of the features you should look for before you sign up to one.

What are the best crypto brokers in Australia?

We have found the brokers below to be the best options out there right now. Sign up by following one of the links in the table or keep reading to find out more about each platform.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

3.9

Kraken

Min. Deposit $10

Fees 0.10% - 0.26%

No. assets 90+

Demo account Yes

Visit site

Kraken review

What is a cryptocurrency broker?

A crypto broker is an online trading platform that functions as a middleman for buying and selling cryptocurrencies. There are two different varieties of crypto brokers: simple platforms that offer coins at set prices, and more complex apps that allow you to trade a wide variety of cryptocurrencies in real time.

How do brokerage services work?

On the most basic level, brokers match buyers with sellers to execute trades. If someone is looking for a specific cryptocurrency, for example, Ethereum, then a broker will take the price at which they’re willing to pay and match them with someone happy to sell at that rate. In some instances, the broker itself is on the other side of the trade, and in others, it will be another individual using the platform.

Like a bureau de change at an airport, most of the time the broker sets rates for each coin and allows you to exchange at this price instantly. The broker will apply fees for this convenience, but these platforms are often the best bet whether you want to trade crypto by buying and selling coins rapidly, or you want to own a large number of coins or tokens – say more than A$50,000 worth.

What’s the difference between a crypto broker and a crypto exchange?

The main point of distinction between brokers and exchanges is that the latter work on a peer-to-peer basis. That means that while brokers position themselves as middlemen for transactions and charge trading fees for doing so, crypto exchanges are more open platforms that set prices with a constantly updating order book.

On an exchange, thousands of users trade with each other directly in real time, trading coins in currency pairs (e.g. BTC/ETH) at rates governed by the supply and demand of other users on the platform. It is this activity on exchanges that helps set the price of different cryptocurrencies.

How do I use a cryptocurrency broker?

Using one is a straightforward and easy process. You simply need to sign up, fund your account, and then you can get the coins you’re interested in at the price given by the platform. 

If your chosen broker is also a trading platform, then to start making trades as the market fluctuates you simply need to head to the trading interface of their website or app. From here you will be able to see all the relevant crypto price charts and start to trade cryptocurrencies right away.

The best trading platforms for beginners, traders, and long-term investors

Which platform is right for you will depend mainly on your level of experience and your investment strategy. To help you select the best broker, we’ve come up with these recommendations for different user profiles.

The top broker for beginners in Australia

When you’re just starting out with cryptocurrency, you want to prioritise ease of use and customer support. You might end up paying slightly more for your coins, but it’s worth it to avoid making costly mistakes. Here is our favourite broker for beginners.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

The top platform for Australian day-traders

For those looking to make frequent moves, it’s essential to register for a broker that offers low trading fees and a variety of charting and analysis tools. Here is the top broker for day-traders.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

The top app for long-term buyers in Australia

Long term investors need to be most concerned about using a secure platform on which they can keep their coins safe. This strategy is for people who believe certain cryptocurrencies will rise in price over time and want to hold them in pursuit of profits. Here is the best long term investment broker.

3.7

Wirex

Min. Deposit n/a

Fees -

No. assets n/a

Demo account No

Visit site

Wirex review

What should I look for in an online trading platform?

There are several different factors to consider when choosing a broker, from how intuitive the platform is to use, to more trading-related concerns such as how many coins you can trade and the fees involved for doing so. Here’s a quick summary of all the key considerations when using an online platform.

Design and ease of use

It’s always best to ensure you find a platform easy to navigate before using it to place trades. The point of using a broker is to make the trading process simpler, so don’t settle for an app you find confusing.

Price

You don’t want to pay too much above the market rate. Generally, with brokers there will be trading fees and commissions included in the quoted price on the website, so compare different brokers and make sure you’re getting a good deal. The information below shows the types of fees you may encounter when using an Australian crypto exchange:

Payment charges

Different brokers will accept different methods of payment – and charge a range of fees for doing so. It’s common to find debit card payments accepted across most crypto broker platforms, but if you’re looking to pay for your coins using other methods such as credit cards or online wallets like PayPal there can be fees applied.

Reputation

Whenever you’re trusting an online platform or app with your money, you want to be sure the service is reliable. To compare crypto brokers it’s best to have a look through various user review sites and also to check out in-depth reviews of each brokerage. Here are third party rating scores for the top 3 best crypto brokers in Australia:

Variety of coins

It’s no use finding a platform that you like if it doesn’t allow you to trade the specific coin(s) you’re looking for. Every broker will offer Bitcoin, but not all will support less frequently traded cryptos such as Theta and Algorand.

Trading options

If you’re looking to trade cryptocurrencies, rather than holding coins for the long term, then make sure the cryptocurrency trading platform you’re using has the capabilities you’re looking for.

This could involve being able to trade cryptocurrency with leverage or to sell different coins short. Techniques like this come with increased risk and we only recommend experienced traders undertake them.

Quick answers to key questions

Do brokers charge commissions or fees for buying cryptocurrency?

Yes, most brokers charge some sort of fee or commission. However, these vary between platforms and might appear in different ways. For instance, a broker might advertise that it charges ‘zero fees,’ but if you look at the price they’re quoting for a coin you’ll realise that it’s above market rate. 

This is because the fees are incorporated into the price, so you won’t pay any extra fees but there is still a commission being applied. Check out the table below where you’ll find the fees charged by the 3 best crypto brokers in Australia:

Do I have to verify my identity with a cryptocurrency broker?

Yes, you will have to provide evidence of your identity. The top brokers are regulated by ASIC, the Australian Securities and Investments Commission and as such need users to prove their identity to comply with KYC (Know Your Customer) guidelines.

Usually at least one form of photo ID is required, which can be your Australian passport or driving licence. If an exchange is not performing KYC, then it’s not operating legally in Australia 1 .

Can I buy multiple cryptocurrencies through a broker?

Yes, pretty much every broker will offer a range of coins. The amount on offer vary from about 5 on the most basic broker, to thousands on the biggest and most advanced platforms. If you’re looking for altcoins such as Polkadot and Aave, then you will need to find one of the latter.

Do I need a wallet to use a crypto broker?

No, not usually. It can however be a good idea to get one if investing for the long term. Cryptocurrency trading platforms will typically allow you to hold your coins on in your online account or app.

This can be convenient for people looking to trade coins frequently, but long term investors might want to consider a secure hardware wallet such as the Ledger Nano S.

Can I buy Bitcoin with AUD?

Yes, in most cases you’ll be able to use Australian Dollars to buy Bitcoin, but it will depend on the crypto exchange you use. Many of the best Aussie crypto brokers allow you to deposit in AU$ so you’ll be able to buy Bitcoin and other tokens without having to worry about conversions.

Some platforms may only accept deposits via USD, in which case you’ll need to convert your A$ to USD before adding funds to your trading account.

Should I use brokers to buy and sell cryptocurrency?

The answer to this question depends on your investment goals. Any of our top 10 crypto brokers offer beginner-friendly trading platforms, but you need to be aware that the convenience provided by brokers comes with additional fees.

The number of cryptocurrencies available on a broker can be limited compared to other investing platforms, like exchanges. A broker is a great option for the most popular coins, like Bitcoin and Ethereum, but it might not be the best choice if you want to trade the latest altcoin trends.

You need to balance your desire for convenience and ease-of-use with cost and the range of trading options. A broker is best for beginners and for low trading fees but for the best coin prices or the widest range of coins, you might want to look elsewhere.

Still undecided?

Before investing in cryptocurrency it’s important to weigh up the key pros and cons. Below are some of the main benefits and drawbacks of trading cryptocurrencies through a broker, along with some additional questions to consider and FAQs at the bottom of the page.

FAQs