Top 7 Best Crypto Exchanges & Apps in Australia 2025

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

To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.

We then research the specific needs of Australian users, such as which payment methods are available, which currencies you can deposit, and the trading fees in Australia.

Each expert assigns a score, which is combined with the results of further research to create a final ranking of crypto services in order to answer the question: what are the best crypto exchanges in Australia for Australian users? 

Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best Australia crypto exchange.

What is the best crypto exchange Australia in 2025?

Our expert rankings reveal that eToro is the best cryptocurrency exchange in Australia.

The list below shows the three best Australia crypto apps & exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

Top 7 best Australian crypto exchanges & apps, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.

Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

3. Coinbase. Best secure trading platform for all types of trader

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4

Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Read review Visit Coinbase

4. Kraken: Best for simple, global cryptocurrency trading from your phone

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3.5

Ratings

$10

Min. deposit

0.10% - 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

5. Uphold. Best for building long term wealth

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4

Ratings

$1

Min. deposit

$0

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, Commodities,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN

Fees & Costs

Trading fees	No
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Read review Visit

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

6. Eightcap. Best online broker for choice of trading platform

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4.5

Ratings

$100

Min. deposit

Up to $3.5 RT

Fees

800

No. assets

Yes

Demo account

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 900 markets available including stocks, forex, indices, commodities, and cryptocurrencies. 

The fees: Eightcap is a CFD broker and charges spreads, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

No. of tradable assets	800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Crypto, Commodities, , Indices
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes, on certain assets
Withdrawal fees	Yes, for certain payment methods
Spreads	Yes
Conversion fees	Yes, currency dependent

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms

Some markets are not available to all regions Customer support does not operate 24/7

Read review Visit Eightcap

74-89% of retail CFD accounts lose money

7. AvaTrade. Best regulated broker for secure trading

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4

Ratings

$100

Min. deposit

From 0.13%

Fees

1,300

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various stock markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on hundreds of global stocks including Google, Apple, Microsoft, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Stock spreads start from 0.13. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

No. of tradable assets	1250+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	No

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform

Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Read review Visit AvaTrade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top cryptocurrency apps in Australia for your needs

Crypto exchanges & apps can perform a range of different functions. Often, the right app depends on exactly what you want to do with it, whether that’s buying, trading, storing or spending cryptocurrency.

We’ve broken the top crypto apps in Australia down into the best apps for each function They all combine low fees and a strong reputation with a user-friendly interface and industry-leading security.  

Top exchange app for buying and selling cryptocurrency in Australia

If you want to get coins like Bitcoin and hold them as an investment, then consider signing up to one of the top crypto exchange apps in Australia in the table below. Our team has tested and verified each of them so you know they are good platforms.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Top Australian crypto app for trading cryptocurrency

For trading cryptocurrencies, you need a reliable crypto trading app that will allow you to open and close trades quickly, in order to take advantage of price changes. Choose an app from the table below; it takes minutes to sign up and you’ll be able to trade instantly.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Top Australian crypto wallet apps for storing cryptocurrency

To store your crypto tokens securely, you might want to consider getting a personal wallet. These can enhance your security, and some now even have integrated exchanges so you can quickly swap between currencies. If this is what you want to do, we believe the below options are robust choices. 

Best Crypto Exchanges & Apps in Australia

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

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Top crypto app in Australia for spending cryptocurrency

Some Australian crypto apps work just like mobile banking apps; you can use them to hold and exchange multiple digital and fiat currencies, including AUD.

Additionally, some of these come with both an account and debit card so you can pay with your crypto in a store as if you were using a normal bank card. Here are some of the best to choose from.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

How to choose the best Australian crypto exchange app

With so many options out there, you should pick the right Australian crypto trading platform for you. Things like the exchange fees, storage facilities, and range of coins available should all impact your choice. 

To help you make the right decision, here are some questions to ask yourself as you research each cryptocurrency app & exchange.

1. How much does the crypto exchange charge to trade?

There can be a big difference in the trading fees charged by crypto exchanges in Australia. While all exchanges generally offer low cost cryptocurrency trading, what they charge may vary widely. 

Trading fees are usually charged as a percentage of the trade. The best crypto exchange in Australia with low fees will charge 1% or less of the trade amount. Some services charge a lot higher. The information below compares the trading fees for three of the best crypto services in Australia.

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency via a bank account or credit or debit card, but you may be charged a flat withdrawal fee. There’s often a significant charge for withdrawals made in digital currency.

In addition to payment fees, you may encounter other charges such as inactivity fees, overnight fees, currency conversion fees, and more. Here’s a quick look at other types of fees applicable when trading crypto in Australia.

2. How does the exchange store customer funds?

Crypto exchanges are available widely, but the important question is whether they are regulated in Australia. It’s regulation that protects if something happens to the exchange and you lose the money you hold on there.

You want to pick a reputable exchange that safely stores its customers’ funds. The best Bitcoin exchanges in Australia should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing an Australian crypto exchange that a reputable accountancy firm has audited can give you extra peace of mind.

3. Is the platform easy to use?

A good user experience means more than being able to navigate the website easily. Think about how you plan to trade: will you trade from your phone? How are you going to manage your crypto portfolio? Are you after advanced trading features, margin trading, or software integrations?

Armed with that information, you can start to narrow down your shortlist by considering if the crypto exchange account suits you. For instance, if you plan to do a lot of trading on the go, you should focus on the platform offering the best crypto app in Australia.

Use the table below to compare the various features and tools offered by the top three crypto brokers in Australia.

4. What is the account verification process?

When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity. It’s normally a prerequisite for any crypto exchange to be regulated in Australia.

It’s a good idea to check the verification process before signing up. That way, you can have the relevant documents to hand to create a seamless sign up process. Or, if you want to avoid supplying personal details, you can filter out the crypto exchanges in Australia that demand verification to use them.

5. How many cryptocurrencies are available?

You can buy Bitcoin in Australia through any cryptocurrency exchange, but beyond that, the number of available coins can vary. If you want to trade altcoins, look for an Australian crypto exchange that offers a large number of coins and ‘crosses’, where you can swap from one crypto asset to another.

Many of the best cryptocurrency trading platforms in Australia also offer other markets like forex, stocks, and commodities. Below, we’ve provided the number of cryptos available on the top Australian crypto exchanges.  

6. Which currencies can you deposit?

For most people, a crypto exchange in Australia is a means to transfer local fiat currencies into cryptocurrency. However, many crypto exchanges in Australia only accept US dollar deposits, which can be an issue if that is not your primary currency.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in Australia. 

7. Which payment methods are accepted?

Decide how you want to pay for your crypto. Suppose you want to fund an account with the best Australia crypto exchange using a bank transfer or debit card payment. In that case, most Australian crypto exchanges accept deposits from bank accounts and you don’t need to worry.

A cryptocurrency exchange in Australia is less likely to accept alternative payment methods, like PayPal and other e-wallet services. The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

Think about what you want to use the exchange for and use that to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?

You can buy crypto in Australia through any Australia based crypto exchange that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.

What type of Australian crypto exchanges are there?

Most crypto investors use a centralised, global exchange like Binance or Coinbase. But cryptocurrency exchanges in Australia come in different forms. Here is a breakdown of the most common types:

• Centralised. In a centralised exchange, there is an authority – in this case a company – that operates the service. You create an account and deposit money, and the entity holds the funds in the middle. When you make trades, they go through the central authority. The biggest crypto exchange, Binance, is an example of this type of platform.
• Decentralised. On decentralised exchanges, there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account; the crypto is sent from one wallet to another when a transaction takes place
• Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralised exchange, but a central body still acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in Australia?

On some platforms, you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best Australian trading platforms allow you to buy and sell stocks, while the top forex trading apps are best for currency trading. The best CFD brokers in Australia offer a mixture of all these assets.

How to buy crypto on the best Bitcoin exchange in Australia

Follow this short guide to learn how to buy Bitcoin in Australia. This method is simple and is the same process whether you want to buy and sell Bitcoin or whether you prefer to trade crypto instead. 

Quick answers to key questions

Is crypto legal in Australia?

Yes, the cryptocurrency industry is legal in Australia. The government has not banned crypto; Australians can easily buy, sell, and trade all crypto assets. ASIC ensures all cryptocurrency businesses in Australia adhere to strict anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

Australia is becoming a very crypto friendly country with adoption growing. The Adelaide Oval, one of the country’s biggest sporting grounds, recently announced it would start accepting crypto payments from fans 1 www.afc.com.au https://www.afc.com.au/news/1521702/cryptocom-pay-comes-to-adelaide-oval . This move highlights the country’s acceptance of the crypto industry.  

Is crypto regulated in Australia?

Cryptocurrencies are regulated by the Australian Securities and Investments Commission (ASIC). Crypto exchanges, brokers, wallet providers, advisors, and other crypto businesses must register with ASIC and comply with customer protection rules.

Are Australian crypto exchanges regulated?

Major cryptocurrency exchanges operating in Australia must register with ASIC before serving local users. This includes popular crypto apps like Swyftx, Independent Reserve, and CoinSpot. Being an ASIC-registered exchange makes them properly regulated.

Do I have to pay tax on crypto in Australia?

Yes, the Australian Tax Office (ATO) regards profits from crypto as taxable, which means if you generate profits from digital currencies, you’ll be liable to pay capital gains tax. You owe capital gains tax on any gains above $10,000 AUD 2 in a tax year. Losses can be claimed as deductions. Cryptocurrency is treated as an investment asset for tax purposes.

The ATO takes a slightly different approach to crypto rewards and new tokens from staking crypto assets. The ATO views profits earned from staking and airdrops as ordinary income 3 , which means they’ll be liable to income tax at your standard rate.

Can I deposit using AUD to a crypto exchange? 

Yes, you can deposit Australian dollars (AUD) to buy cryptocurrency on Australian crypto apps & exchanges. Most exchanges like Swyftx and Independent Reserve allow direct bank transfers or PayID instant deposits from a bank account.

Are AUD pairs available on Australian crypto exchanges?

The major Australian crypto exchanges offer AUD trading pairs. For example, you can trade coins like Bitcoin and Ethereum directly against the Australian dollar without converting to USDT stablecoin first. 

What documents are required to open an account with a crypto exchange in Australia?

Know your customer (KYC) rules set by the Australian government stipulate any financial services company must apply customer identification procedures to all customers. When you register for an account with an Aussie crypto exchange you may be required to provide one or more of the following documents:

• A current driver’s licence issued by an Australian state or territory.        
• Proof of age card or Photo Card issued by an Australian state or territory
• Medicare card
• Centrelink card
• Department of Veterans Affairs card
• Credit card or bank account card
• Utilities bills (e.g. telephone, electricity or gas)
• Bank or credit card statements

Can I use cryptocurrency exchanges on Android and iOS devices?

Yes, generally you can. However, be considerate that different app types will be available on different devices. To see if an app is available on your operating system, head over to the Google Play Store or the App Store and search for it.

Do I have to pay to use crypto apps?

Virtually all of them are free to download, but you are likely to encounter fees and commissions with those that allow you to trade or spend cryptocurrency.

This is commonly from 1% to 2%, though we have seen as high as 5%, so watch out. All of these services aim to make money, and you should be able to find a detailed breakdown of fees in their terms and conditions.

Do I have to verify my identity with a crypto app?

Again, this comes down to what sort of application you’re using. Most wallets do not require ID verification. However, brokers – and some exchanges – require you to pass an identity verification check, and some will need you to provide a copy of your driving license, Australian passport, or another form of photo ID.

It is entirely up to the individual discretion of each app, and some platforms do not require any form of identification for using their services.

Are cryptocurrency apps the same as crypto wallets?

Online cryptocurrency wallets are a form of crypto app, but not all apps are wallets. Many applications that allow users to trade or buy coins let them store coins in their account, but a specialised crypto wallet provides an enhanced layer of safety and security. Some wallets even come with offline storage options which can be accessed from your smartphone. 

What is the best crypto wallet in Australia?

Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live. MetaMask and Trust Wallet are a couple of the best crypto wallets and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms, so that you can use one account that acts as both your exchange and wallet. The best option for most beginners is to sign up for a service like Binance or Bitstamp, where you can buy crypto on the exchange and then store it on the same platform.

Crypto exchanges in Australia: your view

We’ve discussed lots of ways you can find the best crypto trading platform in Australia. There’s one more factor you should look at when making your decision, customer reviews.

Sites like Trust Pilot often have thousands of customer reviews for some of the biggest cryptocurrency exchanges in Australia. You can use these reviews to learn from real customers.

Methodology: How did we choose the best cryptocurrency exchanges in Australia?

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 48 cryptocurrency exchanges & apps in Australia to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each exchange, conduct research, and score each service.

Our tests are designed to find crypto apps that offer a beginner-friendly, secure trading experience at a fair price. To supplement our practical testing and experience, we research each exchange to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each crypto exchange is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

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