Top Aussie Crypto Exchanges to Watch in 2025: A Guide

With so many crypto exchanges in Australia, picking the right one can be daunting. We’ve simplified your search by highlighting the key factors of the top six platforms.

Which Are Australia’s Top Crypto Exchanges?

Pionex

Pionex, a top crypto exchange in Australia, provides free trading bots that automate transactions, boosting your profits. Leverage these bots to make the most of your crypto investments.

• Fees: 05% on spot trading
• Cryptocurrencies supported: 120+
• CoinLedger Rating: 1/10

Binance

Binance, an international cryptocurrency exchange, offers investors a comprehensive range of digital assets for trading, catering to both beginners and advanced traders. The platform stands out with its array of advanced trading and investment features, including cryptocurrency futures, margin trading, and leveraged trading, providing users with diverse opportunities to grow their portfolios. One of Binance’s most notable offerings is its decentralized finance services, which encompass staking, savings, and crypto-backed loans, empowering users to unlock additional value from their holdings. Unlike many Australian exchanges, Binance also facilitates trading in various fiat currencies, bridging the gap between traditional and digital finance. The identity verification process at Binance is straightforward, requiring only basic details such as government-issued ID and phone and email verification, ensuring a smooth user experience. Trading limits are determined by your verification level and the market you’re trading in, with fiat currency trades capped at $5,000. Withdrawal limits start at 2 BTC or its equivalent value in AUD, providing flexibility and convenience for users managing their funds. Binance, a top-tier secure Australian exchange, bounced back strongly after a 2019 hack. They’ve introduced the Binance Coin, offering notable discounts for BNB token holders. Even better, the Binance Visa card lets you spend your crypto at over 60 million merchants worldwide. Despite past challenges, Binance remains a leader in security and innovation, providing seamless transactions and global acceptance for its users.

Binance Australia Pros:

• • World-class exchange with significant liquidity.
  • Trading fees as low as 0.1% for both maker and taker orders.
  • Offers an advanced trading platform on desktop and mobile.
  • Provides a comprehensive suite of crypto services and features.

BTCC

Looking for the best exchanges in Australia? Consider BTCC, serving over 1 million global users since 2011. This platform stands out for offering margin trading up to 225x, making it a top choice for crypto traders seeking high leverage options.

• Fees: 03% spot trading
• Cryptocurrency selection: 300+
• CoinLedger Rating: 9/10

Swyftx: Best Exchange in Australia

Swyftx, with over 350 cryptocurrencies available for quick purchase using Australian Dollars (AUD), has earned a stellar reputation in the crypto trading world. The platform’s commitment to user experience is evident in its 4.6/5 average rating on TrustPilot, backed by over 4,600 reviews. New users can benefit from a referral code offering $20 in free Bitcoin. Once verified, depositing AUD is seamless, with options including bank transfers, POLi, credit/debit cards, PayID, and external crypto wallet transfers. Swyftx’s customizable dashboard makes tracking digital currencies a breeze, while their crypto bundles simplify purchasing multiple assets in a single transaction or through recurring orders. Fees range from 0.1% to 0.6% based on order value, ensuring transparency and competitiveness in their pricing model. Looking for the best exchanges in Australia? Swyftx stands out, offering zero fees for depositing AUD from bank accounts. Plus, it provides a crypto demo mode for newbies to hone their trading skills before investing real money.

Swyftx Pros:

• • Offers a wide range of cryptocurrencies for buying and selling.
  • Features a demo mode with $10,000 virtual AUD.
  • Boasts excellent customer ratings and reviews on TrustPilot.
  • Includes an integrated TradingView charting package with advanced tools and indicators.

Kraken

Kraken, an American-based exchange, caters to global investors with its low fees and support for advanced transactions, making it a standout choice for seasoned investors seeking a reliable platform. Its worldwide reach and reputation for being a fantastic option have solidified Kraken’s position in the crypto and finance sphere.

• Fees: 0 – 0.26% on Kraken Pro
• Cryptocurrency selection: 200+
• CoinLedger Rating: 3/10

CoinSpot

With over 2.5 million users and 440+ cryptocurrencies supported, CoinSpot stands as a prominent and trusted exchange in Australia since its establishment in 2013.

• Fees: 1% on spot trading
• Cryptocurrency selection: 440+
• CoinLedger Rating: 6/10

How does Australia tax cryptocurrencies?

In Australia, cryptocurrency is treated as property and subject to capital gains tax (CGT). This means that when you dispose of crypto assets, such as selling, trading, or using them to purchase goods and services, any financial gain is taxable. The Australian Taxation Office (ATO) requires individuals and businesses to report these transactions and pay CGT on any profit. However, if the cryptocurrency is held for more than 12 months before being disposed of, individuals may be eligible for a 50% CGT discount. Additionally, if cryptocurrencies are used as part of a business, the transactions may be subject to income tax. Regulations are constantly evolving, and users should always consult with a local accountant or financial advisor to ensure they are complying with local laws. It is crucial for crypto users to maintain detailed records of all transactions, including dates, values, and the purpose of each transaction, to ensure accurate tax reporting and compliance with Australian tax laws.

Does Australia Regulate Cryptocurrencies?

Cryptocurrency exchanges in Australia are subject to strict regulation. AUSTRAC ensures these platforms comply with AML and CTF regulations, monitoring transactions to prevent illicit activities. Moreover, ASIC regulates ICOs and financial products linked to crypto assets, providing an additional layer of oversight. This dual regulatory approach ensures the integrity and transparency of Australia’s cryptocurrency market.

Does Australia Tax Cryptocurrency?

In Australia, cryptocurrency is taxable as it’s classified as property, making it subject to capital gains tax (CGT). Disposing of crypto assets and realizing financial gains is taxable, necessitating detailed record-keeping for precise tax reporting. Given the evolving regulatory landscape, it’s crucial for users to consult with local accountants or financial advisors to stay compliant with the latest laws.

Can Australian Dollars (AUD) Be Used to Purchase Cryptocurrencies?

Most Australian crypto exchanges let you buy and sell cryptocurrencies using Australian dollars (AUD). You can directly trade AUD for popular cryptos like Bitcoin and Ethereum, skipping the need to convert to USD. To fund your account, choose from various AUD deposit methods including bank transfers, POLi, PayID, BPAY, and even credit or debit cards on some platforms.

Can Australians Purchase Cryptocurrency With Their Debit or Credit Cards?

Many Australian crypto exchanges and international platforms catering to the Australian market enable users to purchase cryptocurrencies using Australian debit and credit cards. However, it’s important to note that some banks or card issuers may restrict or block cryptocurrency purchases, so it’s advisable to check with your financial institution beforehand. Additionally, using cards often incurs higher fees compared to other payment methods like bank transfers. Investors should compare fees across different exchanges and payment methods to find the most cost-effective option for their needs. Popular exchanges like Binance Australia support card payments, offering a quick and convenient way for Aussies to buy crypto. When using Australian debit or credit cards for crypto purchases, be aware of any foreign transaction fees that may apply, especially on international platforms.