Best Crypto Exchanges & Trading Platforms Australia 2022

Coinbase allows for bank deposits, bank transfers, PayPal, and credit/debit card transfer payments. However, the exchange has rather expensive fees at $0.99-$2.99 for purchases under $200 and an additional 0.5% fee depending on the amount traded. For those wondering how to buy and sell cryptocurrency, safety should be one element of the trading process that is given significant consideration. When deciding where to buy cryptocurrency in Australia, it’s vital to avoid unlicensed or unregulated platforms, as these offer no investor protection whatsoever. Unregulated platforms do not have a framework to protect traders from fraud or scams and do not have any compensation coverage if the platform were to go bankrupt. Users can reduce this fee by 25% by holding some Binance Coin in their crypto wallets.

Despite that, Coinbase comes with a major flaw – it is one of the most expensive crypto exchanges on the market. With your debit card, you can, for instance, buy cryptocurrencies for 3.99%. However, the commission on buy and sell orders is 1.49% even though bank account deposits are free. The crypto trading platforms form a massive chunk of exchanges in Australia. They do not just broker the coins but instead provide multiple tools and advanced platforms with numerous trading options. If you’re looking to trade multiple cryptocurrencies, then Paxful might not be the best crypto exchange for you.

Pros And Cons Of Digital Surge

Our choices may not necessarily be suitable for your specific needs, but they sure feature some of the best overall functions most people will be looking for in an exchange. Research further into any platform before committing to use the service. Once you find your preferred seller or buyer on the platform, you’ll organize a meet up and conduct the exchange in-person.

It’s also much safer to keep your coins in their online wallet as opposed to keeping them on an international exchange like the others on this list. As noted in our Independent Reserve review, security is one of their highest priorities which means you can get peace of mind knowing you’re trading on a safe platform. Recently, they’ve also started offering insurance to Premium Accounts and have an integrated KPMG tax tool as well.

  • But it’s still widely regarded as one of the best international crypto exchange platforms, thanks in no small part to more than 100 trading pairs.
  • Our records indicate the phone number provided is already scheduled for a call-back during the time selected.
  • Supported cryptocurrencies at CoinJar are relatively modest, with a small selection on offer.
  • However, conducting extensive technical analysis is one way of identifying areas where price may reverse whilst in a downtrend – allowing investors to buy crypto at a price point that maximises future gains.

You can find more information in our Paybis review, or go to Paybis right now to sign up and make your purchase. When it comes to regulations, in 2017, the government declared they are subject to AML/CTF 2006, which is the country’s anti-money laundering Act passed in 2006. According to the Act, cryptos are properties that are subject to capital gains tax. The high level of security comes from the fact that it has to meet heavy regulation requirements before getting a license like any other US company. Deposit AUD instantly into your Binance account from 100+ NPP-enabled banks in Australia via PayID / Osko.

Earn Rewards On Your Digital Assets

There is also the option to instantly buy and sell your cryptocurrencies with a flat fee of 1.5%. This is higher than most of the other Australian exchanges, but you can always access lower fees on the market. Because they are located in the USA, they comply with heavy regulation and therefore you can trust that they are legitimate and very secure. Kraken offers features such as spot trading, futures and margin trading but their best feature is the ability to stake 12 cryptocurrencies and even 2 fiat currencies . Although Binance is not recommended for beginners, it is definitely worth considering if you are serious about trading or have some previous experience with buying and selling cryptocurrencies.

These coins can be either traded for another crypto or bought via PayPal, wire transfer, or Interac e-transfer. If you want to buy crypto with a credit or debit card, you can do that via Simplex and some other third-party payment providers, but not all of them accept AUD. Compared to other platforms, Coinmama even lacks enough security methods to protect users’ funds and accounts. For more info on the security of the platform, check out our article on Coinmama safety features.

Given the reasonably simple dashboard and straightforward registration process, this platform is perfect for beginner traders. This Australian crypto exchange is one of the most trusted in the country and even has an ISO certification to back the claim. Contrary to Swyfx exchange, Coinbase Pro has a tiered pricing system, and fees depend 10 best forex com on your volume. The taker fees range between 0.04% and 0.50%, while the maker fees are 0.00% to 0.50%. Since it is a local company, you can also be sure of excellent customer support and swift responses to queries. This Australian exchange has a simple-to-use interface, and setting up your account takes little time and effort.

Start Investing In Digital Assets With Zipmex

If you find yourself trading larger amounts, your commission will be reduced further. OKEx supports debit and credit card deposits, but the fees are somewhat high. As such, your best option is to fund your trading account with a digital currency.

The last thing you want, is to trade on an exchange that could go into bankruptcy likethe Mt. Gox scandal or is at risk of being hacked. The cryptocurrency world can be a scary place for someone starting off, choosing the right place to buy, sell and trade is very important. BTC Markets is a fully Australian-run crypto exchange operating on the local market since 2012. As an industry veteran, it has maintained a reputation as a trustworthy marketplace with reliable customer support.

Swyftx Fees

It is a rather simple exchange for people not having much experience in the crypto field and offers a lot of trading features along with competitive fees. Bitcoin Australia is one of the Australian crypto exchanges that is quite a highly rated one and gives users the opportunity to buy Ethereum and Bitcoin. The site offers a smooth and fast experience to its users even if they are not experienced traders and is quite easy to navigate through. The leading social trading platform, eToro, is now available in Australia!

Then, you need to check metrics surrounding fees and commissions, payment methods, trading tools, user-friendliness, customer service, and more. This platform is extremely easy to navigate and use as compared to other cryptocurrency trading platforms. This Australian exchange is suitable for beginners as well as more expert traders who want to buy crypto.

This might not be an issue if you want to buy and trade the bigger coins like BTC and ETH, but if you want to get a rarer coin, you’ll have to Instant Buy and pay the fee. The interface on Digital Surge is easy to understand and use, which makes it a great option best cryptocurrency pairs to trade for those who are beginners to crypto investing and perhaps using a cryptocurrency exchange for the first time. They also offer a unique feature that you can take advantage of which is the option to use the exchange to easily pay your bills with Bitcoin.

Cryptocurrency Exchanges That Let You Pay With Cash

Binance has the lowest fees, with 0.02% to 0.10% purchase and trading fees and 3% to 4.5% for debit card purchases. Most exchanges that only offer crypto to crypto tend to be for more advanced and experienced traders. Many online trading platforms were only permitted to trade crypto for crypto a few years ago, which is why this is even a thing.

With over 35 million customers, Coinbase supports a wide range of digital currencies that can be bought and sold easily. The main downside is that users cannot link to their bank account to obtain funds for purchasing crypto assets. You will be required to already have some coins for you to participate in the Binance exchange and trade your coins for other cryptocurrencies. As they continue to evolve their offering to meet trader needs, you can now buy bitcoin in Australia instantly and directly from Binance using your credit, debit card or number of other safe payment methods. You will find the fees for this style of crypto purchase are a little higher than their industry-leading exchange fees, but they still rank among the best for value.

Nonetheless, there are50+ coins available on Binance, so you’ve got a ton of options if you’re looking to trade Bitcoin, Ethereum, and many other coins. Once the trade has been closed, the position’s value will be added to your trading balance in your account’s base currency. Type the name or ticker symbol of the cryptocurrency you’d like to buy into the search bar and click the ‘Trade’ button next to the relevant entry in the drop-down menu.

The Best Altcoin Exchange

This is something that no other Australian crypto exchange currently supports and it’s a step in the right direction for future mainstream adoption of cryptocurrencies. The trading fees starts at 0.5% and falls down to 0.1% for large-volume traders. As for deposit methods from your bank account, they support PayID and POLi (up to $8000). CoinSpot is a great Australian crypto exchange for new users, their dashboard is easy to use and clutter-free which makes the process to buy and sell your first cryptocurrency very easy. The main issue with CoinSpot, however, is that it charges above-average trading fees. There are many other trading platforms that provide almost the same experience but with a much better trading fee structure.

The platform supports a variety of assets including defi tokens and stablecoins. Recently, Kraken made over 14 cryptos available to Australians to trade against AUD. The exchange even allows for advanced trading options like margin trading and futures markets. The fees are average, starting at 0.16% for makers and 0.26% for takers. Although Binance offers the best app to buy cryptocurrency in our opinion, Coinbase is a close second.

The Best Crypto Exchanges In Australia For 2022

Launched in 2020, Swapzone is already making waves in the world of cryptocurrency exchanges. As one of the best crypto exchange platforms, the site aims not only to make cryptocurrency swaps as transparent as possible but also to help its users find the best rates for all transactions. It’s a handy tool for traders who don’t want to spend hours researching exchange rates. Bitget ranks among the top cryptocurrency exchanges with its user-friendly interface and intelligently designed iOS and Android apps.

Zipmex doesn’t operate like a standard crypto exchange that provides liquidity pools for supported trading pairs. It’s rather a broker that aggregates volumes from the world’s most popular exchanges and OTC services. The resulting high liquidity allows Ziptex to establish a favorable environment for high-net trades, reduced chances of slippage, and considerably lower spreads. It applies the so-calledmarket-to-markettrading practice where a matching engine determines the value of all available coins based on thelast price. The OKEx cryptocurrency trading platform is very versatile which is why it is gaining increasing popularity. However, there are a number of reasons why we wouldn’t recommend it including unsatisfactory customer support and the fact that it’s more tailored towards experienced users.

In terms of account funding, Binance caters to all traders by offering FIAT deposits and crypto deposits. Crypto deposits are free for all supported coins, although a small withdrawal fee applies. If you are based in Australia, you can also fund your account in FIAT via bank transfer – although this will require the completion of some KYC checks. Coinbase is a popular crypto platform that has over 43 million verified users.

All of these exchanges are free to sign up, so you can always open an account and see if you like it, or even register with a few to decide which is best for you. Even though a great number of new cryptocurrencies vanish before they see the light of the day, there are over4,000 officially registered altcoinsthat circulate on the market today. With such a number, it’s impossible for a crypto exchange to cover all operable cryptocurrencies regardless of how open it is to add new coins. This question really depends on how actively you plan on buying, selling and swapping your Cryptocurrencies. Whenever you send your coins to another platform you’ll pay a fee so it can be cumbersome to constantly send your funds around. A cryptocurrency wallet allows you to send, receive and store your coins in a safe digital environment.