Finding the best crypto exchanges in Australia can be difficult. The country’s conservative legal framework around digital assets means most popular global exchanges are unavailable in the country. That forces many investors to opt for unregulated platforms from abroad, risking financial loss in the process.
Of the select platforms that are legal in the country, not all of them offer the same features you’d find in other parts of the world. This is why it’s important to know what you need from a platform before choosing one.
We’ve done all the digging for you to help you zero in on the top options. While reviewing our eight finalists, we considered factors such as the availability of different crypto products, legal compliance, ease of use, trading tools, and fees.
This guide will walk you through everything you need to know to pick the right exchange for your needs.
If you’re looking for a quick answer, the best sites to buy Bitcoin in Australia include Bitcoin.com.au, Independent Reserve, and Binance.
At a Glance – 8 Best Crypto Exchanges in Australia
Before we jump into the details of the best cryptocurrency exchanges in Australia, here’s a quick overview of our top picks along with their key USPs to help you choose one based on your crypto needs.
| Bitcoin.com.au | Best crypto exchange in Australia with 35+ crypto options and a dedicated OTC desk |
| Independent Reserve | Best for institutional-level crypto trading with the option of automated buys |
| Binance | Global exchange with deep liquidity and verified P2P merchants |
| Kraken | Best desktop app and dashboards for pro crypto traders |
| Weex | Access to more than 1.7K crypto assets with a 30K $USDT welcome bonus |
| KCEX | 0% trading fee on spot transactions on 1K+ cryptocurrencies |
| BloFin | Best for multi-product crypto traders with its unified trading account |
| PrimeXBT | Best for crypto futures and CFD trading with negative balance protection |
Crypto Regulations in Australia: How They Affect You
The cryptocurrency framework in Australia is largely regulated by two central authorities: the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investments Commission (ASIC).
AUSTRAC regulations require that any business facilitating the exchange of crypto for fiat currency be registered as a Digital Currency Exchange (DCE) and follow anti-money laundering obligations.
This means all registered DCEs in Australia must adhere to KYC norms before offering their products to Australian residents.
ASIC, on the other hand, regulates crypto-related products and services that qualify as ‘financial products’ under the Corporations Act and ASIC Act.
Although it doesn’t directly regulate all crypto assets, ASIC’s oversight extends to products such as crypto derivatives and investment schemes. Any business dealing in such financial products will be required to obtain and hold a valid AFS licence and provide extensive product disclosures.
Australian regulations are relatively stringent, but perhaps rightfully so. Australians lost close to $180M to crypto scams in 2024 alone. An additional $3M was lost to crypto ATM scams.
These statistics highlight the importance of a robust regulatory framework in safeguarding residents from losing their hard-earned money. They also emphasize the importance of selecting a trusted cryptocurrency exchange with robust security measures and robust compliance protocols.
Expert Analysis – Best Crypto Exchanges in Australia in 2025
Now that we know about the legalities of trading cryptocurrencies for Australian residents, let’s dive into a detailed overview of the 8 best crypto exchanges in Australia.
1. Bitcoin.com.au – Best Crypto Exchange in Australia with 35+ Crypto Options and a Dedicated OTC Desk
KYC: Mandatory as per AUSTRAC
Fees: 1% trading fee
Bitcoin.com.au is the #1 cryptocurrency platform in Australia in our rankings, offering over 35 spot crypto options, including major coins like Bitcoin and Ethereum, as well as relatively new meme coins like $TRUMP.
What we liked the most about Bitcoin.com.au is its OTC desk. This offers large trades with deep liquidity, tighter spreads, and private settlement services. It comes in handy if you want to make a large Bitcoin purchase, of say $250K, without being hit with slippage and high network costs, which can increase your overall investment costs.
On Bitcoin.com.au, you can simply contact the OTC desk, following which you’ll be assigned a dedicated sales rep who’ll execute your transaction off the exchange, resulting in faster settlement and peace of mind.
While Bitcoin.com.au’s trading fee (1% for buying and selling) is a tad higher than the likes of Independent Reserve, it balances it out with no deposit fee, so long as you’re not using an international debit/credit card. What’s more, withdrawals only charge a nominal fee of $1.50 if you use PayID.
Bitcoin.com.au is also super easy to use, with intuitive interfaces on both desktop and mobile (via its app). Lastly, since it’s AUSTRAC compliant, you’ll have access to investor protection measures and safety tools offered by the Australian laws.
2. Independent Reserve – Best for Institutional-level Crypto Trading with the Option of Automated Buys
KYC: Mandatory as per AUSTRAC
Fees: 0.5% trading fee
Independent Reserve is a local spot crypto trading platform that focuses primarily on buying/selling crypto using fiat currencies. It appeals to both retail and institutional users who want a compliant, stable platform rather than chasing hundreds of speculative altcoins.
In our testing, we were impressed by the platform’s long list of features for institutional traders. For instance, you can choose from various account types, including Company, Institutional, SMSF, and Trust.
The site gives you a dedicated onboarding manager who helps you choose the best account for your needs, and supports you all the way from onboarding to trade executions and settlements.
It also offers a handful of automated tools. Chief among them is the ability to automatically buy a token or a basket of cryptocurrencies whenever a deposit is credited to your account.
This strategy, known as Dollar Cost Averaging (DCA), helps you accumulate dips consistently, and Independent Reserve makes the entire process hands-off.
You simply select the percentage of each deposit to be used for auto-buying and a hard upper limit on the buy amount.
Independent Reserve does a solid job on the security front, too. It’s a registered Digital Currency Exchange (DCE) with AUSTRAC, meaning you’ll have to complete KYC before you can trade on the platform. Additionally, it holds segregated client funds and utilizes cold storage for storing cryptocurrencies.
Overall, Independent Reserve is one of the best Australian crypto exchanges for Australian investors who value regulation, security, and a professional trading environment.
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3. Binance – Global Exchange With Deep Liquidity and Verified P2P Merchants
KYC: Mandatory as per AUSTRAC
Fees: 0.10% maker/taker
Binance is a global cryptocurrency trading platform founded in 2017. It offers a huge collection of 400+ cryptocurrencies in Australia, making it ideal for investors who want to look beyond the comfort of blue-chip digital assets.
On Binance, you can buy or trade the latest and best meme coins, AI agent tokens, and trending cryptos – something the first two platforms lack.
Binance doesn’t stop there. There’s a handy copy trading feature, which, as the name suggests, lets you mimic the trades of successful crypto traders and earn a profit – leveraging the pros’ experience in exchange for a nominal fee.
Binance also supports P2P transactions, where you can buy/sell cryptocurrencies directly from other users instead of transacting with the exchange. This often results in better bid/ask rates and lower fees.
And for security, the platform displays a ‘Pro Merchant’ badge next to participants with a legal crypto trading license, helping you identify trustworthy sellers. This makes Binance one of the best P2P crypto exchanges around.
What’s more, as your 30-day trading volume increases, the fee drops even further and can go as low as 0.0110%/0.0230% (maker/taker). Deposits are free on Binance, while the withdrawal fee depends on the mode of transaction.
All said and done, Binance sets the industry benchmark with features such as spot trading and secured P2P transactions. The platform also rewards long-term traders with reduced fees, which is a bonus for seasoned traders.
4. Kraken – Best Desktop App and Dashboards for Pro Crypto Traders
KYC: Mandatory as per AUSTRAC
Fees: 1% trading fee
Kraken is a US-based crypto trading platform duly registered with AUSTRAC, offering numerous crypto pairs for Australian residents. With huge transaction volumes of $550B+ daily, Kraken is one of the most liquid exchanges in the world.
The platform offers over 580 cryptocurrencies to choose from, along with 13 dedicated AUD pairs. You can also automate your crypto buys and trade 330+ perpetual futures.
Kraken offers a range of tools and dashboards, making it an ideal choice for professional traders. For instance, its Kraken Pro platform features 25+ trading and data widgets, all within a clean and responsive UI. Traders can seamlessly switch between various markets, including spot, futures, derivatives, and staking, within a single interface.
For new traders with less capital, there’s Kraken Breakout, where you can pass evaluation accounts and get up to $200K in funded capital and 5x leverage on $BTC and $ETH, and you can keep as much as 90% of your earned profits.
And if you’re someone who wants to buy and HODL crypto, Kraken gives you the option to earn staking rewards – as high as 21% – with weekly payout options.
In addition to all this, Kraken also features an OTC desk, along with an extensive library of professional-level crypto knowledge resources.
Overall, Kraken is one of the most trusted names in the industry, and for good reason too. It has something for everyone, whether it’s spots for beginners or advanced dashboards for professional traders.
5. Weex – Access to More than 1.7K Crypto Assets with a 30K $USDT Welcome Bonus
KYC: Not mandatory
Fees: 0.1% maker/taker (spot), 0.02%/0.08% maker/taker (futures)
Weex, founded in 2018, now boasts 6.2M users in 130+ countries, offering several crypto trading products. For starters, you can buy or sell 1.7K+ cryptocurrencies against fiat currencies using payment modes like credit/debit cards, Apple Pay, and Google Pay.
With $5B+ in daily trading volume, Weex has deep order books, ensuring minimum slippage when executing your orders.
Traders can also access UDST-M perpetual futures and start margin trading with up to 20x leverage on Bitcoin. The exact leverage available will depend on your trading ‘VIP level’ and the instrument you’re trading in.
There’s also a handy demo mode that lets you practice your trades before putting real money on the line.
Another Weex highlight is the sheer amount of rewards. There’s a daily, weekly, and monthly futures leaderboard where traders with the highest trading volume can win lucrative prizes. Similarly, there’s a 30K USDT welcome bonus, where new users can earn rewards for completing certain tasks, along with several ongoing airdrops on various crypto instruments.
That said, Weex is a trustworthy platform backed by a 1K $BTC protection fund and published Proof of Reserves (PoR).
It also uses cold storage for holding digital assets, along with industry-standard protection measures such as 2FA. Lastly, the platform hasn’t suffered any major hacks, attacks, or security incidents.
Overall, we found Weex to be pretty secure with deep order books and a wide selection of cryptocurrencies to go with its impressive welcome rewards. This is ideal for beginners who need a head start.
6. KCEX – 0% Trading Fee on Spot Transactions on 1K+ Cryptocurrencies
KYC: Not mandatory
Fees: 0% spot, 0% maker, 0.01% taker
KCEX has some of the lowest trading fees in the market, with 0% spot fee, a 0% futures maker fee, and just a 0.01% futures taker fee. Besides this, there are no withdrawal fees.
This makes KCEX ideal for low-volume traders who often end up losing 20-25% of their profits to trading commissions on other exchanges.
KCEX offers 1K+ spot trading pairs, letting you buy or trade your favorite crypto assets.
For those who love the thrill of leverage trading, KCEX also offers crypto futures trading on over 800 crypto pairs. Leverage on KCEX can go as high as 125x on major cryptos like $BTC and $ETH, depending on your position size.
You’ll find extensive market data on KCEX, including index price, mark price, current funding rates, historical funding rates, open interest, long-short ratios, and liquidation data. This makes it a one-stop trading destination for professionals who rely on market information before entering trades.
And if you’re new to KCEX, you can get 470 $UDST in rewards for completing tasks like registering on the platform, completing account information, and making your first deposit.
So, if you trade crypto in large volumes, KCEX can be a potent pick given its low fees and access to a broad range of crypto assets.
7. BloFin – Best For Multi-Product Crypto Traders with Its Unified Trading Account
KYC: Not mandatory
Fees: 0.10% maker/taker (spot), 0.020%/0.060% maker/taker (futures)
BloFin offers more than 250 spot trading pairs, along with a nifty one-click buy feature where you can simply enter the amount you want to spend in AUD or another currency and complete your payment with just a few clicks.
The platform gives you access to all the latest crypto pairs along with deep liquidity and fast execution.
BloFin also offers USDT-M and USDC-M futures, where traders can step on the leverage gas to make the most of market momentum.
For those new to trading, BloFin’s copy trading feature lets you pick the best traders and copy their trades. This not only helps you earn consistent profits but also learn from the pros and develop your own strategy.
There’s also a unique unified trading account where you can trade both spot and derivative markets from a single place, without having to switch between multiple accounts or transfer funds. This also lets you offset gains and losses across various markets, optimizing your overall capital usage.
BloFin also uses Merkle Tree verification to confirm user funds in reserves and Chainalysis’ KYT solution to maintain compliance and monitor risks, ensuring a safe experience on the platform.
The trading fees are also pretty low, with spot fees of 0.1% for both maker and taker, and futures fees of 0.02% (maker) and 0.06% (taker). What’s more, the platform has a VIP tiered fee structure where spot fees can go as low as 0.01%, depending on your trading volume.
Overall, BloFin can be an ideal pick if your main aim is to copy trade in the crypto markets. And although not registered with AUSTRAC, the platform goes the extra mile to ensure a safe experience for all traders.
8. PrimeXBT – Best for Crypto Futures and CFD Trading With Negative Balance Protection
KYC: Not mandatory
Fees: 0% trading fee, 0.045%/0.01% maker/taker (futures)
PrimeXBT is one of the most comprehensive crypto trading platforms in the industry.
You can trade everything in one place – from crypto futures to crypto CFDs and Forex markets – making PrimeXBT a one-stop destination for all types of traders. It offers multiple platforms, including PXTrader, its native PrimeXBT app, and MetaTrader 5, allowing you to choose the one that best suits your needs.
In addition to the best altcoins, you can also trade CFDs on commodities, indices, and even select shares.
What takes PrimeXBT to the next level is the sheer amount of market data available. You’ll find the latest news updates to stay on top of global market developments, along with an extensive economic calendar and in-depth data on price predictions, fundamentals, and technical analysis.
On the plus side, PrimeXBT offers negative balance protection for leveraged traders, which guarantees your account balance never drops below zero during extreme volatility. So if your margin drops below zero, your positions are automatically closed, and your balance is reset to zero, meaning you never owe the platform money.
Trading fees depend on the exact type of product and platform you’re using. For instance, there’s 0% trading fee on MT5 and PXTrader. Crypto futures entail a 0.045% taker fee and a 0.01% maker fee.
Overall, PrimeXBT is ideal for those looking for the thrill of leveraged crypto trading along with the benefits of low fees and negative balance protection.
How to Pick a Crypto Exchange in Australia
If you’re attempting to pick the best crypto exchange in Australia for your needs, here are seven criteria to consider before making your first deposit.
1. Regulatory compliance
AUSTRAC is the Australian authority that regulates the registration and operation of crypto exchanges. Look for an exchange recognized as a Digital Currency Exchange (DCE) under AUSTRAC.
This ensures the exchange follows anti-money laundering and counter-terrorism compliance, verifies user identities through KYCs, maintains transaction records, and reports suspicious activities to AUSTRAC.
Even if you choose an offshore exchange, ensure that it follows industry security practices, has a protection fund, and has no previous record of security incidents.
2. Trading fees
Trading crypto requires you to shell out fees in different forms:
- Trading fee: This is typically charged by the exchange you’re using for executing trades and usually ranges between 0.5% and 1% of your transaction amount.
- Network fee: This is the fee paid to validators /miners on the blockchain when moving crypto between exchanges and wallets. This fee can vary significantly, depending on factors such as network congestion and the specific crypto network.
- Deposit and withdrawal fees: These fees are typically charged by your banking provider to facilitate deposits or withdrawals. These can be either a flat fee or a percentage of the transaction amount.
3. Available crypto
Your choice of crypto exchange will also depend on the type of crypto transactions you want to make.
Bitcoin.com.au or Independent Reserve are great if you simply want to buy and hold. If you want margin trading or crypto futures, Weex or Kraken are more suitable.
Also, ensure the instruments you want to buy/sell are available on the platform you pick. For instance, Bitcoin.com.au offers 35+ spot pairs, whereas Binance offers more than 400.
4. Payment methods
Most cryptocurrency platforms offer a wide range of payment options, including credit/debit cards, bank transfers, PayID, and online wallets.
It’s essential to verify that your chosen exchange accepts your preferred payment method. It is also best to check if your banking provider supports crypto transactions, as some financial institutions may block them.
Also, review the fees associated with each payment method and any caps on daily deposits/withdrawals.
5. Security
The level of security safeguards available is a crucial factor to consider when selecting a cryptocurrency exchange in Australia. Ensure the platform adheres to basic safeguards such as 2FA and end-to-end encryption.
Then, check the reserve ratio – anything higher than 1:1 is ideal – and confirm whether the exchange stores its crypto assets in cold storage. It’s also a good idea to look into any past security lapses and how the exchange handled them.
6. Beginner-friendly features/advanced features
The kind of trading features you’re looking for, and your skill level, are key here. If you’re a beginner, you’ll likely prefer a simple interface with an easy buy/sell feature like what’s offered on Bitcoin.com.au, or a safe, regulated experience as you’d get on Independent Reserve.
Advanced traders, on the other hand, may prefer detailed dashboards, deep liquidity, customizable timeframes, multiple order types, trading bots, API access, and fast executions, like those offered on Binance and PrimeXBT.
Advanced platforms often offer real-time market information and customizable widgets that let you design your own trading setup.
7. Education resources
Check the educational resources offered by the exchange. This may include the latest market trends, global developments, technical analysis from experienced traders, and key fundamental insights about various cryptocurrencies.
Look for features like a live news feed, regulatory updates, chart breakdowns, and commentary on macroeconomic events. If you’re new to the platform, see whether the platform offers beginner tutorials or courses to ease the learning curve.
The Best Crypto Exchanges in Australia Compared
Here’s a quick table highlighting the key differences between the best Australian crypto exchanges. This will help you compare them side by side and make an informed choice quickly.
| Platform | No. Supported Crypto | KYC | Fees | Best For |
|---|---|---|---|---|
| Bitcoin.com.au | 35+ | Mandatory as per AUSTRAC | 1% trading fee | Spot crypto buying and selling for individuals |
| Independent Reserve | 35+ | Mandatory as per AUSTRAC | 0.5% trading fee | Institutional crypto trading on a local, regulated platform |
| Binance | 400+ | Mandatory as per AUSTRAC | 0.1% maker/taker fee | Access to global markets with deep liquidity |
| Kraken | 580+ | Mandatory as per AUSTRAC | 1% trading fee | Advanced trading tools and dashboards |
| Weex | 1.7K+ | Not mandatory | 0.1% maker/taker (spot), 0.02%/0.08% maker/taker fee (futures) | Huge collection of cryptocurrencies |
| KCEX | 1K+ | Not mandatory, but required to unlock full trading and withdrawal services | 0% spot, 0% maker and 0.01% taker fee | Lowest trading fees |
| BloFin | 250+ | Not mandatory, but required to unlock full trading and withdrawal service | 0.1% maker/taker (spot) | Multi-product management with unified trading account |
| PrimeXBT | 30+ futures pairs, no spot | Mandatory | 0% trading fee, 0.045%/0.01% maker/taker fee | Crypto futures and CFD trading |
Bitcoin.com.au is our top pick to buy $BTC in Australia, thanks to the sheer simplicity of the platform. There are no major bells and whistles, which makes it easy for beginners to sign up and make their first purchase within minutes.
The platform features a collection of 35+ crypto assets, including popular ones such as Bitcoin, Ethereum, and Solana. And if you want to buy crypto in large quantities, you can contact the OTC team, which’ll help you avoid price fluctuations and ensure a smooth buying experience.
Bitcoin.com.au is also registered with AUSTRAC and has a clean record, with no past security incidents, so you can have complete peace of mind knowing your funds are always safe.
How to Buy Crypto in Australia
Buying crypto in Australia is pretty straightforward. Here’s a step-by-step guide on how to do so. For this illustration, we’ve picked Bitcoin.com.au, but the process is largely the same across most platforms.
Step 1: Sign Up on the Platform
First, you’ll need to make an account on Bitcoin.com.au. For this, visit the official website and click ‘Sign Up’.
Simply follow the prompts to enter your username, set a password, and complete your email and phone verification. After that, you’ll also need to activate your account using the button sent to your email.
Step 2: Account Setup and KYC
Choose the type of account you want. For this example, we’ve chosen ‘Personal’. However, you can pick SMSF or Trust, if you’re eligible.
Remember, the KYC documents you’ll need to provide will depend on this choice. Next, enter your name and date of birth.
After this, head on to the KYC section of the dashboard and upload the required documents for verification. This includes an identity proof, residential proof, and a photo selfie.
Step 3: Make Your First Deposit
Locate the ‘Deposit’ button on the top-right corner of the platform and choose your preferred mode of payment: credit/debit card, bank transfer, PayID, or PayPal.
Follow the prompts on your screen. You’ll also need to approve the transaction on your banking app. Once done, the deposits are usually processed almost instantly.
Step 4: Buy Your Favorite Cryptocurrency
Scroll down the list of all available crypto assets on Bitcoin.com.au and select the one you want to buy. You can either enter the amount in AUD or the exact amount of crypto you want. Once decided, click ‘Buy Bitcoin’ (if you selected Bitcoin) to see the estimated charges.
Press ‘Buy Bitcoin’ once again to complete the transaction.
Congratulations! You’ve just bought your first cryptocurrency in Australia.
Verdict – Top Australian Crypto Exchanges
Finding the best Australian crypto exchange requires you to look carefully for legal compliance and double-check the kind of crypto products offered by an exchange.
Platforms like Bitcoin.com.au and Independent Reserve are AUSTRAC-registered, offer strong security, and cater to millions of Australian residents eager to get their hands on crypto.
Australians can also legally trade on major global platforms like Binance. Regulated by AUSTRAC and over 20 other regulatory bodies worldwide, it delivers crypto trading services to over 258M users across 100+ countries.
However, note that this is not financial advice, and you should do your own research before investing in any crypto asset.
FAQs
1. What is the most trusted crypto exchange in Australia?
Bitcoin.com.au is the most trusted crypto exchange in Australia, operating since 2013. The platform is registered with AUSTRAC and complies with all Australian laws, including KYC and AML regulations. It offers 35+ cryptocurrencies to buy and sell, along with a dedicated OTC desk for large-volume transactions. The trading fee is approximately 1%, with no deposit or withdrawal fees (except for a nominal fee in the case of PayID).
2. Can I use Binance in Australia?
Yes, you can use Binance in Australia, as it’s duly registered with AUSTRAC. As the world’s largest crypto exchange, there’s no dearth of liquidity on Binance. You can buy/sell 400+ crypto tokens, make some decent profits with its copy-trading feature, and enjoy peace of mind thanks to its reliable P2P support. Overall, it’s a one-stop destination for crypto trading.
3. Is Kraken available in Australia?
Yes, Kraken is available in Australia and is registered as a DCE under AUSTRAC regulations. The platform offers various trading products such as spot crypto buy/sell, margin trading, and staking. One of the best features of Kraken is its sleek, easy-to-use yet advanced desktop app, which allows you to customize widgets and access the latest market data to make informed decisions.
4. How to buy cryptocurrency in Australia?
To buy cryptocurrency in Australia, you’ll first need to register with a locally regulated exchange such as Bitcoin.com.au or Independent Reserve. Then, provide identity verification documents for KYC purposes. Next, select a deposit method to make your initial deposit. Once done, simply select the cryptocurrency you want to buy and enter the amount to complete the transaction.
