Best Crypto Exchanges in Australia: Features, Fees, & Security Compared

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.

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. Binance – Global Exchange With Deep Liquidity and Verified P2P Merchants

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.

VISIT BINANCE TODAY

2. KCEX – 0% Trading Fee on Spot Transactions on 1K+ Cryptocurrencies

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.

VISIT KCEX TODAY

3. Pepperstone Crypto – AUD Crypto Exchange with Ultra-low 0.1% Commission

Pepperstone Crypto is an Australia-specific branch of global brokerage firm Pepperstone that offers crypto trading in AUD. That’s a big advantage for Aussies since you don’t need to convert among fiat currencies to buy crypto and there are no currency conversion fees.

Pepperstone Crypto currently offers trading on five major cryptos: BTC, ETH, SOL, USDT, and USDC. While that’s a relatively limited offering, you can use the exchange as a starting point for getting from AUD into crypto cheaply and easily. Then you can use DEXs to dive deeper into the world of altcoins.

One of the most attractive things about Pepperstone Crypto is the fee structure. You’ll pay just 0.1% for every crypto trade. There are no hidden fees, no extravagant spreads, and no complex volume or loyalty tiers to navigate. It’s simple and affordable.

The only extra fee you might pay is for crypto withdrawals, but these are mostly limited to blockchain fees. There’s no fee for withdrawing AUD.

Pepperstone Crypto also stands out for its clean user interface. You get access to TradingView charts, depth-of-market data, and full access to the exchange’s order book. Mobile apps for iOS and Android make it easy to buy and sell on the go.

VISIT Pepperstone Crypto TODAY

4. MEXC – All-in-One Crypto Exchange for Instant Buy, Spot Trading, and Crypto Futures

MEXC is one of our favorite crypto exchanges in Australia for more advanced users. It offers everything you could want in a single platform, from multiple ways to buy and trade crypto to powerful technical analysis tools.

First, you can use MEXC to onramp into crypto in seconds. The exchange’s instant buy feature fully supports AUD for purchasing 11 major cryptos, including stablecoins like USDT and USDC. You can pay with a credit or debit card, bank transfer, or even e-wallets using peer-to-peer payments.

Once you own crypto, you can start trading on MEXC. The platform supports hundreds of tokens in spot trading pairs with USDT, USDC, BTC, and more. MEXC is often one of the first CEXs to list emerging tokens, so it’s a great exchange for finding hot new opportunities.

If you prefer to trade futures, MEXC has that, too. In fact, the exchange offers 500x leverage for major tokens like BTC, making it ideal for traders with limited capital and big ambitions.

Aussies will also love MEXC’s fee structure. Spot trading fees start at 0.00% for makers (you just pay the spread) and 0.05% for takers. Futures trading fees vary by token, but can be as low as 0.00% for both makers and takers.

VISIT MEXC TODAY

5. Kraken – Best Desktop App and Dashboards for Pro Crypto Traders

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.

VISIT KRAKEN TODAY

6. Margex – Advanced AU Crypto Exchange with Built-in Copy Trading

Margex is another powerful all-in-one crypto exchange with tons of options for first-time investors, active crypto traders, and everyone in between. We especially like it for advanced traders because of the wide range of crypto tokens and futures to trade and the availability of unique tools like copy trading.

Margex offers Aussie traders access to more than 55 crypto tokens and hundreds of perpetual futures contracts with leverage up to 100x for major tokens. Liquidity comes from a dozen different providers and pools, ensuring you get some of the fastest executions in Australia.

Fees at Margex are very competitive, starting at 0.019% for makers and 0.06% for makers. There are no fees for deposits or withdrawals.

The Margex trading platform is feature-rich, offering access to TradingView charts, hotkeys for quick trading in fast-moving markets, and detailed order tracking so you can monitor multiple trades simultaneously. Advanced order options give you tight control over risk, which is a big advantage compared to more beginner-friendly exchanges.

Our favorite thing about Margex is the copy trading functionality, which gives you access to more than 100 professional traders. You can start copying with just a click and there are strategies available to suit every style of crypto trading.

VISIT Margex TODAY

7. Independent Reserve – Best for Institutional-level Crypto Trading with the Option of Automated Buys

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.

VISIT INDEPENDENT RESERVE TODAY

8. Bitcoin.com.au – Best Crypto Exchange in Australia with 35+ Crypto Options and a Dedicated OTC Desk

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.

VISIT BITCOIN.COM.AU TODAY

8. PrimeXBT – Best for Crypto Futures and CFD Trading With Negative Balance Protection

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.

VISIT PRIMEXBT TODAY

10. OKX – User-friendly Exchange with Strong AUD Support and Advanced Trading Bots

OKX is one of the largest global crypto exchanges, and its AUSTRAC-regulated arm is a strong contender for the title of best Aussie crypto exchange. It has incredibly strong AUD support, offering the ability to buy 7 tokens directly with AUD. That includes XRP and the TRUMP meme coin, which many other AUD exchanges don’t support.

Once you’re onramped into crypto, you’ll find more than 350 cryptocurrencies available for spot trading against USDT and USDC. OKX even offers a few crypto-crypto trading pairs, including BTC/ETH and BTC/SOL. The only thing we found lacking is that OKX Australia doesn’t offer crypto futures.

Fees at OKX are somewhat higher than average, starting at 0.7% for both makers and takers. However, high-volume traders can qualify for significant discounts.

OKX offers a powerful trading platform, and we were especially impressed with its use of AI and trading bots. There are four pre-made bots available to customise, and you can even build your own using OKX’s AI agent kit. There are no extra fees for using trading bots, and they open up a world of possibility for 24/7 trading.

Another factor that helped OKX make our top exchanges list is the platform’s mobile app for iOS and Android. It’s incredibly smooth and provides full access to the OKX experience, including a mobile-friendly trading platform and full access to bots. If you’re interested in trading on the go, OKX is worth considering.

VISIT OKX TODAY

11. BloFin – Best For Multi-Product Crypto Traders with Its Unified Trading Account

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.

VISIT BLOFIN TODAY

12. Weex – Access to More than 1.7K Crypto Assets with a 30K $USDT Welcome Bonus

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.

VISIT WEEX TODAY

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.

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.

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.