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Best Crypto Exchanges in Australia March 2024

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Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Get ready to learn from his wealth of knowledge.

Article was updated: March 4, 2024
Estimated reading time: 13 minutes

Australia is one of the regions experiencing a surge in cryptocurrency trading thanks to the advancing technology that makes online trading safe and secure. As a newbie in this field, you may be wondering how to get started on a secure platform overseen by the Australian Securities and Investment Commission (ASIC) and AUSTRAC. This is where we come in to guide you on the best cryptocurrency exchanges that we have tested and found reliable. We will also shed light on the proper ways to get started and the tax regulations in the Australian cryptocurrency space. Ultimately, you should be able to make the best decisions and kickstart your ventures on a good note. 

Essence

  • Cryptocurrency exchanges are best suited for traders or investors looking to solely put their money into crypto tokens.
  • The best cryptocurrency exchange Australia should be licensed and regulated by ASIC to guarantee a safe and secure trading environment.
  • As TradingGuide experts, we conduct multiple tests and compare hundreds of cryptocurrency exchanges to ensure we get the best recommendations for our readers.
  • The best Australian crypto exchange must align with your trading requirements. We will guide you on how to identify a suitable option.
  • The cryptocurrency market is highly volatile. Therefore, always conduct extensive research on a digital token and apply the right strategies to maximise your profit potential.

List of the Best Crypto Exchanges in Australia

  • Plus500Top Choice For CFD Cryptocurrency Trading in Australia
  • eToroBest Cryptocurrency Exchange With Diverse Asset Offerings in Australia
  • KrakenOverall Best Crypto Exchange in Australia
  • Coinbase Best Cryptocurrency Exchange For Newbies in Australia
  • Crypto.comCheapest Crypto Exchange in Australia
  • BinanceBest Cryptocurrency Exchange With Numerous Digital Tokens

Compare the Best Australian Crypto Exchanges

We test and compare as many cryptocurrency exchanges in Australia as we could to come up with our recommendations list. We consider various features as shown in the table below, to ensure you make the best decisions that guarantee an exciting experience. 

Best Crypto ExchangeExchange TypeSupport ServicePriceSupported CoinsDigital Wallet
Plus500DecentralisedPhone, Email, Live ChatFree20+No
eToroDecentralisedPhone, Email, Live ChatFree30+Yes
Kraken CentralisedEmail, Phone, Live ChatFree200+Yes
Coinbase CentralisedPhone, Email, and TwitterFree200+Yes
Crypto.comDecentralisedPhone, Email, Live ChatFree250+Yes
Binance CentralisedPhone, Email, Live ChatFree400+Yes

Cryptocurrency trading requires solid planning to maximise user experience. For instance, you must ensure that the exchange you are trading with is affordable and features the right securities for your strategies. To help you get started, we have prepared tables below highlighting the fee structure and available assets on our recommended cryptocurrency exchanges in Australia. 

Fees

Best Crypto ExchangesFeesMinimum Deposit Requirement
Plus500From 0.0 pips$100
eToroYes$50
Kraken fee ranges from 1 pip$10
Coinbase 1% on all swapsNone
Crypto.comfrom $5 to $50 for a single transactionNone
Binance From 0.1%$0

Supported Assets

Best Crypto ExchangesBitcoinEthereumLitecoinRippleTetherDogecoinSolana
Plus500YesYesYesYesNoNoYes
eToroYesYesYesYesYesYesYes
Kraken YesYesYesYesYesYesYes
Coinbase YesYesYesYesYesYesYes
Crypto.comYesYesYesYesYesYesYes
Binance YesYesYesYesYesYesYes

Our Opinion & Overview of the Best Crypto Exchanges in Australia

We believe in the power of research, and therefore, our team embarked on this journey, testing and comparing as many cryptocurrency exchanges as they could. We also sampled user testimonials on Google Play, the App Store, and Trustpilot to ensure our findings are not biased. Below, we share our opinion and overview of the best crypto exchanges in Australia based on our experience.

1. Plus500 – Top Choice For CFD Cryptocurrency Trading in Australia

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Having extensively tested various platforms, we find Plus500 to be the premier choice for CFD cryptocurrency trading in Australia. With access to 10+ CFD cryptocurrencies like Bitcoin, Ethereum, and Cardano, it offers diverse investment options. Additionally, Plus500 provides a wide range of additional securities, including forex and stocks, ideal for portfolio diversification. 

We like the fact that Plus500 offers commission-free crypto trades with spreads from 0.0 pips. Its $100 minimum deposit requirement for Australian traders and free transactions add convenience. On top of that, you can rely on this exchange’s 24/7 support service available via phone, email, and live chat as well as quality learning resources for skill development. Based on our experience, this crypto exchange Australia stands out for its user-friendly interface, thus receiving a 4.5-star rating from us. 

Plus500 Review
TradingGuides Rating:
✔ Educational materials
✔ Regulated in many countries
Pros & Cons
Fees
Trading Assets
Pros
  • A user-friendly and intuitive design interface.
  • Low minimum deposit requirement.
  • Free transactions.
  • Reliable and responsive 24/7 support service.
Cons
  • Limited crypto tokens compared to its peers.
  • Inactivity fee of $10 monthly kicks in after only 3 months.

Type Fee
Overnight Funding yes
Currency Conversion Fee 0.7%
Guaranteed Stop Order spread applies
Inactivity Fee $10 per month
Withdrawls/Deposits  $0

Plus500 provides access to 2800+ CFDs across a wide range of different asset classes, including: Indices – Country and Sector, Forex, Commodities, Individual shares, ETFs, Options

Note: 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro- Best Cryptocurrency Exchange With Diverse Asset Offerings in Australia

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eToro is another best crypto exchange Australia we tested, and we were very impressed with its offerings. For instance, the exchange has a minimum deposit requirement of only $50, with no deposit charges. Although withdrawal charges of $5 apply, all transactions are seamless using the supported payment methods, including debit/credit cards, e-wallets, and bank transfers. The exchange is trusted by millions of clients globally with a licence from the Australian Securities and Investment Commission (ASIC).

We noticed that eToro lists over 60 cryptocurrencies for Australian traders, including Bitcoin, Ethereum, Litecoin, and more. Besides cryptos, the exchange allows users to diversify their portfolios across other asset classes like forex, commodities, stocks, and more. With eToro, you can also enjoy the CopyTrader feature, which allows you to socialise with other crypto traders and mirror expert traders’ potentially profitable trades. With these features and more, we give eToro a 5-star rating.

eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
Pros & Cons
Fees
Trading Assets
Pros
  • Over 60 crypto tokens to choose from.
  • Low minimum deposit requirement for Australian clients.
  • Quality learning and research materials.
  • Additional 3,000+ assets for portfolio diversification.
Cons
  • Withdrawal fees apply.
  • Limited cryptocurrency offerings compared to most exchanges we have explored.

Types Fee
Minimum Deposit £50
Conversion Fee depends on your payment method, currency, and eToro Club level.
Overnight Fee vary according to the value and direction (BUY or SELL) of your position
Withdrawal Fee all withdrawal requests are subject to a $5 USD fee
Inactivity Fee monthly inactivity fee of $10 USD (charged after 12 months)

  • Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
  • Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
  • Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
  • Long-Term Investments – unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
  • Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.

3. Kraken – Overall Best Crypto Exchange in Australia

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 We tested numerous cryptocurrency exchanges in Australia, and Kraken stands out as our overall best. This is primarily because we believe it suits all types of cryptocurrency traders. With over 10 million global clients and increased security measures, Kraken is dedicated to providing a secure trading environment. The exchange’s platform is user-friendly, and you can easily get started with as little as $10. 

When it comes to asset offerings, we noticed that Kraken features 200+ options, including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Cardano, and more. This means that you have an opportunity to spread your investment funds across multiple assets, thus limiting the risk of investing in a single token. By offering multiple transaction options, low trading fees, 24/7 support service, and more, we give Kraken a 5-star rating. 

Kraken Review 2024
TradingGuides Rating:
✔ Learn Center for learning about all things crypto
✔ 24/7/365 on LiveChat or by email
Pros & Cons
Fees
Trading Assets
Pros
  • Up to 24% rewards annually for staking your assets with Kraken.
  • Low spreads on non-instant buys.
  • High liquidity across various markets.
  • Availability of popular cryptocurrencies.
Cons
  • No personal wallet service.
  • Many elements are featured, and this can challenge newbies to use.

Type Fee
Minimum deposit £10
Transaction fee 0.5% for bank transfers and 3.75% + 0.25 cents for cards and e-wallets
Maker fee 0.26%
Taker fee  Between £0-$50,000

Cryptocurrency traders and investors will have access to over 100 cryptocurrencies when using Kraken crypto exchange. Some of the featured crypto assets to build your portfolio with include:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Bitcoin Cash
  • Dogecoin
  • Solana, etc.

4. Coinbase – Best Cryptocurrency Exchange For Newbies in Australia

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If you are a beginner looking to enter the world of cryptocurrency trading in Australia, Coinbase is a viable choice. We tested it and noticed that it is one of the safest crypto exchanges for buying, selling, and managing your crypto tokens. Besides being user-friendly, Coinbase has an easy account set up with zero fees. This makes it easier for newbies to jump into cryptocurrency trading without incurring extra costs. 

We discovered that Coinbase offers over 200 crypto tokens, including Bitcoin, Litecoin, Ethereum, and more. Beginners are guaranteed maximum safety of their tokens, as this exchange hosts a self-custody wallet and is regulated by ASIC. Moreover, You can enjoy this exchange’s service via its Android and iOS mobile app, making it easier for you to manage your investments on the go. Comparing Coinbase with other exchanges, we give it a 4.6-star rating.

Coinbase Review 2024
TradingGuides Rating:
✔Highly secure
✔Inbuilt cryptocurrency wallet
Pros & Cons
Fees
Trading Assets
Pros
  • User-friendly platform.
  • In-built centralised crypto wallet backed up by an insurance policy.
  • Wide array of crypto assets offered.
  • Offers an opportunity to earn cryptocurrencies by buying and holding assets.
Cons
  • The exchange controls the private keys to users’ wallets, meaning users do not have complete control over their cryptocurrency holdings.
  • You get to pay more for lower balances.

Type Fee
Minimum deposit $2
Transaction fee 1%
Credit transactions 2%
Inactivity fee Free
Maker fee Yes
Taker fee Yes

Coinbase hosts hundreds of thousands of assets and below is a list of the top digital assets to access on the exchange:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Polkadot (DOT)
  • Cardano (ADA)
  • Tether (USDT)
  • USD Coin (USDC)
  • Litecoin (LTC)
  • Shiba Inu (SHIB)
  • SushiSwap (SUSHI)
  • Solana (SOL)
  • Dogecoin (DOGE)
  • Uniswap (UNI)
  • Algorand (ALGO)
  • Dai (DAI)
  • Stellar Lumens (XLM)
  • Polygon (MATIC)

5. Crypto.com – Cheapest Crypto Exchange in Australia

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Crypto.com is one of the ASIC-licensed crypto exchanges we have had the best experience with, and we highly recommend it to traders and investors on a low budget. For instance, we set up our accounts free of charge and deposited any amounts we could afford from as low as $2. There are over 250 crypto tokens to trade, from popular ones like Bitcoin and Ethereum to upcoming ones like Dogecoin and Shiba Inu. 

Another element we like about this Australian crypto exchange is its Visa Card, which allows users to earn up to 5% cash back on their spending. Its in-built wallet is also among the most secure, as you get to choose between hardware and software options. Based on our analysis, we give this crypto exchange a 4-star rating. 

Crypto.com Review 2024
TradingGuides Rating:
✔Purchase newly-listed tokens at up to 50% off
✔Earn daily rewards on your balance, no lock-up period
Pros & Cons
Fees
Trading Assets
Pros
  • Low trading fees.
  • Compatible with desktop and mobile devices.
  • In-built DeFi wallet, giving you total control of your assets.
  • Wide range of cryptocurrencies offered.
Cons
  • You get to pay more for low trading volumes.
  • Withdrawing cryptos to external address attracts a fee.

Type Fee
Minimum deposit £1
Deposit fee No
Withdrawal fee Depending on the crypto you trade
Maker fee 0.04 – 0.20%
Taker fee  0.10 – 0.20%
Inactivity fee £5

The most popular crypto:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Cronos (CRO)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT)

6. Binance – Best Cryptocurrency Exchange With Numerous Digital Tokens

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Having thoroughly tested Binance, we are enthusiastic about its status as the top cryptocurrency exchange with numerous digital tokens. With an extensive selection of over 600 cryptos, Binance is a playground for diverse investment opportunities. Its integrated wallet adds a layer of security while exploring profit avenues. From our analysis, we believe this exchange is a welcoming platform for newbies and professional traders, offering major crypto assets and trading resources.

We highly recommend Binance, especially for newcomers, given its industry-leading low fees and support for multiple payment methods like credit/debit cards, e-wallets, and bank transfers. As users, we found its user-friendly interface and extensive features reassuring. It’s no surprise that Binance ranks among the largest exchanges globally by trading volume, supported by positive user reviews. Based on our experience, it’s a top-tier choice for anyone venturing into cryptocurrency trading.

Binance Review 2024
TradingGuides Rating:
✔ Secure Asset Fund for Users (SAFU)
✔Personalised Access Control
Pros & Cons
Fees
Trading Assets
Pros
  • User-friendly platform perfect for newbies.
  • Excellent collection of learning resources for skills development.
  • P2P platform for direct interaction with other cryptocurrency traders.
  • Over 600 cryptocurrencies to choose from.
Cons
  • Has a history of hacking.
  • Less regulated compared to its peers.

Type Fee
Minimum deposit £50
Transaction fee Based on the blockchain you transact on
Receiving crypto assets Free
Maker fee Yes
Taker fee Yes

You can transact with over 600 cryptocurrencies using Binance wallet. Some of the popular assets you will store, stake, receive, and transfer include:

What do Other Traders Say?

Prior to committing to a cryptocurrency exchange, thorough testing is crucial. However, it is equally essential to analyse the experiences shared by other crypto traders and investors. Leveraging our expertise in this domain, we took the initiative to explore user comments and testimonials on Google Play, the App Store, and Trustpilot. Below, we present a selection of these insights to guide you toward trading with the finest platforms in the industry.

1. Plus500

When it comes to Plus500, users commend its simplicity and ease of use. The platform’s straightforward interface appeals to both beginners and seasoned traders. Quick and hassle-free account verification processes also contribute to the positive experiences shared by users on various platforms.

  • “After many years of trading on this platform I had the chance to learn and improve my trading skills. It’s the best app and easy to use. I’ve tried other platforms but this one it’s far better 👍” – Ludovic Gyorfi

  • “Very good, no problems with deposits or withdrawals, real time prices, you can make alot of money here.” – ramzyki

Plus500 review 1 Plus500 review 2

2. eToro

User testimonials for eToro frequently emphasise the platform’s social trading features. Many find value in the ability to copy the strategies of successful investors. The user-friendly interface receives praise, and the educational resources provided by eToro are noted as helpful for those new to crypto trading.

  • “Great application to get money all the time” – fitnessandnutrition212

  • “Best trade app I’ve used, display is nice and clear whilst the functions are easy to use. Customer support has been very responsive within 24hrs.” – Tony C

eToro review 1 eToro review 2

3. Kraken

Kraken stands out among users for its robust security measures and a wide range of supported cryptocurrencies. Traders appreciate its intuitive interface, making it beginner-friendly. Some users also mention efficient customer support and prompt issue resolution, highlighting Kraken as a reliable choice for both novices and experienced traders.

  • “Kraken has a simple but secure verification system. The interface is hard to learn at first(Loading card etc) Once understood it works really well. Easy to transact and move items to my metamask and buying other Crypto” – Delaney Chikwaya

  • “App is always up. Doesn’t try to force Authenticator apps on me like uphold did and none of which worked. Processes transactions lightning quick. Withdrawals to cold wallet work fine. App has never once crashed on me. ” – TonyB2011

Kraken review 1 Kraken review 2

4. Coinbase

Coinbase users often appreciate the platform’s accessibility and reliability. The user interface is commonly described as intuitive, making it an excellent choice for those entering the crypto space. Other users also note the availability of a mobile app, adding to the convenience of trading on the go.

  • “Coinbase Wallet offers so many new and exciting things to do, such as collecting free NFT’s. Now who else is offering that. There are so many fun and exciting things to do I could easily spend the day just messing around. But also can make money. I love it!!!” – Connie Lowe

  • “WOW!!! Easy to navigate front to back. This app is all I wanted, hoped, and expected it to be. Actually is become much much more!! Very pleasant to use I gave it 5 stars!!!” – Jeff Jeffery

Coinbase review 1 Coinbase review 2

5. Crypto.com

Crypto.com receives positive reviews for its all-in-one approach, offering a variety of services from trading to crypto-backed loans. Users appreciate the platform’s user-friendly mobile app and the rewards program. Some note the responsiveness of customer support, contributing to an overall positive user experience.

  • “This app holds relevant features that make me love it and get inspired. It embedds a number of crypto that are not found in some other wallets. Easy to run and control. I credit the same app with a rate of 5 stars.” – Charles Rutabanzibwa

  • “been great so far. sent an etransfer the other day and it didn’t show up. messaged support and got it taking care of in 5 mins. really impressed.” – Josh Vandendort

Crypto.com review 1 Crypto.com review 2

6. Binance

Binance users frequently highlight the platform’s extensive range of supported cryptocurrencies and trading pairs. The low trading fees are a recurring positive point, attracting users looking for cost-effective trading options. Binance’s advanced trading features are also commended by more experienced traders seeking versatility.

  • “i wonder why enemies are lying against this innocent,decent, legit binance….they have never fail or disappointed me and my country nigeria people before.” – Festus Ikenna

  • “I love this app. If it’s possible to include an alert button in “futures” just as there is an alert button in the “spots”, bottom left hand side of the spots interface. It will be very helpful” – Chime Michael

Binance review 1 Binance review 2

ATO Tax Crypto

Understanding how the tax game works for cryptocurrencies in Australia is crucial, especially with the Australian Taxation Office (ATO) in the mix. So, here’s the scoop: the ATO sees digital currencies like Bitcoin and Ethereum as more like assets than regular cash. This means when you trade or sell them, you are looking at capital gains tax (CGT) on the profits you earn. Crunching the numbers for CGT involves figuring out the difference between what you sold it for and what you paid to get it. Oh, and if your stash is under AUD 10,000 and just for personal use, you might dodge some of those tax bullets.

Don’t slack on keeping records, though. You need to jot down all the details for every transaction. Trading, mining, or staking – if it makes you some profit, the taxman wants his cut. And don’t forget, if you’re getting paid in crypto for your job, that’s income tax territory.

Overall, it is advisable to always keep your eyes peeled for updates on the ATO’s website because rules can change. And seriously, don’t go at it alone. Get yourself a tax professional who knows their stuff about cryptocurrencies. It’s like having a guide through this wild tax jungle, ensuring you don’t get lost or stuck with a hefty fine.

In Australia, the legality of cryptocurrency is firmly established, reflecting the nation’s progressive approach to digital assets. Recognised as a legitimate form of financial asset, cryptocurrencies operate within a regulatory framework overseen by the Australian Securities and Investments Commission (ASIC). This regulatory body ensures that cryptocurrency exchanges adhere to anti-money laundering (AML) and counter-terrorism financing (CTF) laws, promoting a secure and compliant environment.

The Australian Taxation Office (ATO) further contributes to the legal landscape by treating cryptocurrencies as taxable property. Transactions, along with capital gains and losses related to cryptocurrencies, fall under taxation requirements, mandating individuals to report these details in their annual tax returns. This taxation approach adds a layer of transparency to crypto dealings and aligns with the broader financial regulatory landscape.

Beyond regulation, Australia has embraced the underlying blockchain technology, recognising its potential applications beyond cryptocurrencies. The government’s support is evident through funding for blockchain research projects, fostering an environment conducive to innovation in this space.

Regarding consumer protection, efforts have been directed towards ensuring the safety of individuals engaging in cryptocurrency transactions. The regulatory framework aims to prevent fraudulent activities, emphasising transparency and security in the operations of cryptocurrency exchanges.

Even in the domain of Initial Coin Offerings (ICOs), Australia imposes regulatory scrutiny. This means that companies seeking to conduct ICOs must adhere to existing securities laws, emphasising investor protection and regulatory compliance.

In essence, Australia provides a favourable legal landscape for cryptocurrencies, balancing innovation with consumer protection. As the regulatory environment continues to evolve, individuals involved in crypto transactions are encouraged to stay informed and comply with established guidelines for a secure and compliant experience.

How to Choose the Right Crypto Exchange in Australia

When trading or investing in cryptocurrencies in Australia, having the right exchange can maximise your experience and profit potential. Below, we take you through some elements to consider when choosing a crypto exchange. 

Prioritise security features when evaluating crypto exchanges in Australia. Look for platforms implementing robust measures like two-factor authentication (2FA) and encryption protocols. They must also be overseen by relevant regulatory authorities such as ASIC and AUSTRAC. Remember, a secure exchange safeguards your funds against potential cyber threats.

Examine the range of cryptocurrencies offered by an exchange in Australia. Choose a platform that aligns with your investment goals by providing access to a diverse selection of digital assets. This flexibility allows you to explore various opportunities within the crypto market.

Evaluate the fee structure of each exchange, including trading fees, withdrawal fees, deposit fees, and more. Opt for platforms with transparent fee policies and competitive rates to optimise your overall profitability.

Assess the user interface and overall performance of an exchange. A user-friendly platform enhances your trading experience, especially if you are a beginner. A smooth and intuitive interface reduces the likelihood of errors and facilitates efficient navigation. It is also crucial to confirm the availability of market analysis tools for solid strategy development. 

Consider the compatibility of an exchange with different crypto wallets. While some crypto investors prefer in-built wallets, others opt for external wallets for added security. Ensure the exchange supports the type of wallet you intend to use, whether it’s hardware, software, or mobile-based.

Explore user reviews and recommendations from reputable sources like Google Play, the App Store, and Trustpilot. Insights from other traders can provide valuable perspectives on the reliability and performance of an exchange, thus helping you make the best decisions. 

How to Buy Crypto with Crypto Exchange in Australia

Getting started with buying cryptocurrencies in Australia is a pretty straightforward process if you master the proper steps. Below, we shed light on the procedures involved to ensure you are fully prepared to make your first investment. 

Step 1: Choose a Reputable Exchange
Step 2: Create an Account
Step 3: Secure Your Wallet
Step 4: Deposit Funds
Step 5: Make Your Purchase

Begin by selecting a reputable crypto exchange in Australia like the ones we recommend in our mini reviews above. Research various platforms, considering factors like security, asset availability, fees, and more. Opt for an exchange that aligns with your preferences and has a positive track record in the crypto community.

Once you’ve chosen an exchange, proceed to create an account. Provide the required information, including your name, email address, password, and participate in any additional KYC verification steps the platform may have. Follow the registration process carefully and ensure that all details are accurate.

Security is paramount in the crypto space. Therefore, secure your crypto assets by setting up a reliable crypto wallet. Some exchanges offer integrated wallets, while others recommend external wallets for added security. Follow best practices for securing your wallet, including enabling two-factor authentication (2FA) and using strong, unique passwords.

After securing your account and wallet, deposit funds into your exchange account. Most exchanges support deposits in fiat currency (like AUD). So, follow the exchange’s instructions for depositing funds, and be aware of any associated fees. This step is crucial as it provides the financial means for your crypto purchase.

With funds in your exchange account, navigate to the trading platform and select the cryptocurrency you wish to purchase. Specify the amount and review the transaction details. Confirm the purchase, and the crypto assets will be added to your wallet.

Note that the cryptocurrency market is highly volatile, and such investments come with risks. This means that you should consider conducting thorough research and, if needed, seek advice from financial professionals before making significant investments. Also, invest with amounts you are comfortable losing, as crypto investments do not guarantee profits. 

FAQs

What is the most popular crypto in Australia?

Our analysis shows that Bitcoin (BTC) is the most popular cryptocurrency in Australia. Widely recognised and accepted, Bitcoin holds a significant market share and is commonly traded and used for various transactions across the country.

What is the easiest crypto exchange to open an account?

Several crypto exchanges like the ones we recommend above offer user-friendly interfaces and streamlined account creation processes. For simplicity, exchanges like Coinbase and Binance are often considered easy to navigate, making them accessible for beginners looking to open an account quickly.

What is the easiest Australian crypto exchange?

The easiest Australian cryptocurrency exchange will depend on your investment requirements. For instance, all our recommended crypto exchanges above are user-friendly. You simply have to compare their features to identify the one that best suits your needs.

Does Australia use Crypto.com?

Yes. Crypto.com is available and widely used to invest in various cryptocurrencies in Australia. Users in Australia can access Crypto.com’s services to engage in crypto transactions, including buying, selling, and managing their digital assets.

Conclusion

Now that you know the top cryptocurrency exchanges in Australia and the tax rules that come with this investment, we believe you are prepared to make your first investment. Before doing so, always conduct extensive research and market analysis on a crypto token to ensure you create the best strategies. Also, identify a suitable exchange like the ones we recommend above for increased potential. For beginners, start investing with small amounts of money and be open to learning from your losses. You can invest in a trading journal to note down your strategies, thus easily identifying the areas that require improvement.

How we test?

Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.

The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

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