6 Best Crypto Exchanges in Australia for 2024

When it comes to choosing a cryptocurrency exchange as an Australian user, you have a lot of choices. Virtually every major crypto trading platform operates in the country, giving users from “the land down under” plenty of options to choose from. However, given the abundance of options available, it can be difficult to decide which crypto exchange to use. In this article, we are going to examine the best crypto exchanges in Australia and explore their main features to help you decide which is the top choice for you.In the following sections, we are going to examine the best cryptocurrency exchange available to Australian users. Keep in mind that the ranking doesn’t necessarily mean that one exchange is better than the other, but rather that it reflects this author’s opinion on the subject.Binance is the world’s largest exchange by trading volume and in terms of trading features variety. Thanks to its impressive offering of different cryptocurrencies and deep liquidity, Binance stands as one of the best crypto exchanges in the world. The platform features spot and derivatives markets, NFTs, passive income options, crypto loans, DeFi products and services, and more.Australian users have access to the global version of Binance, which means that there are no limitations to what products and services they can use. The only notable difference between regions is in the way payments are processed, which comes down to local laws and regulations. While Binance has recently found itself embroiled in a high-profile case against the SEC, which resulted in Binance founder Changpeng “CZ” Zhao stepping down as CEO and potentially facing jail time, the platform still remains safe, cheap to use, and user-friendly. However, it is advisable to pay close attention to how the US regulator will proceed in the case and act accordingly.Key features: Visit BinanceFounded in 2012, Coinbase stands as a trailblazer in the world of cryptocurrency trading. Its reputation thrives on simplicity, offering a user-friendly approach to crypto investment that has propelled it to become one of the most sought-after platforms for traders.Coinbase prides itself on its robust security measures—a factor that has shielded it from any significant breaches or threats to users’ funds. With support for over 220 cryptocurrencies, Coinbase boasts an extensive range of offerings, cementing its leading position in the market.Although this piece centers on Australian-supported exchanges, it’s noteworthy that Coinbase supports SEPA payments, a feature that can be advantageous for those looking to navigate international waters and use the euro to delve into crypto.Key features: Visit CoinbaseKuCoin has emerged as a popular choice in the crypto exchange realm for Australian users. The platform offers a comprehensive offering that caters to the needs of Australian users by providing a user-friendly interface and a variety of trading pairs that include major cryptocurrencies like Bitcoin and Ethereum, as well as lesser-known altcoins.Moreover, KuCoin’s support for fiat currencies like the Australian Dollar (AUD) facilitates easy deposits and withdrawals for Australian users, streamlining the process of trading and investing in cryptocurrencies. This can come particularly in handy if you are a professional looking for a reliable exchange for day trading crypto.In addition to its spot and derivatives exchange offering, KuCoin offers a great peer-to-peer solution that ranks among the best P2P crypto exchanges on the market. Key features: Visit KuCoinKraken stands out as a seasoned player in the world of cryptocurrency trading. With a solid track record dating back to 2011, the platform boasts an impressive resilience against cyber threats, having dodged any significant breaches or hacks throughout its history, which is a testament to its commitment to security.What sets Kraken apart as one of the leading crypto exchanges is its expansive array of offerings. Beyond handling prominent cryptocurrencies like Bitcoin and Ethereum, it caters to a spectrum of lesser-known altcoins such as Waves and Zcash, ensuring a diverse selection for users. In addition, Kraken supports the Australian dollar natively, which makes it way easier for users from the country to deposit and withdraw funds.Regarded widely as one of the top players in the industry, Kraken distinguishes itself through its diverse suite of services. Apart from the standard spot markets, it offers futures and marg1n trading, NFT functionalities, a variety of passive income opportunities, and more. There’s buzz about its plans to venture into stock trading as well, a move that could potentially give it a strategic edge over competitors, as highlighted by Bloomberg earlier this year.Key features: Visit KrakenSwyftx is a leading cryptocurrency exchange in Australia, offering a user-friendly platform for buying, selling, and trading over 320 digital assets. Founded in 2017, Swyftx has gained a reputation for its competitive fees, fast execution times, and robust security measures.The company places a great deal of importance on security, employing industry-leading measures to safeguard user funds and sensitive data. The exchange is regulated by AUSTRAC, Australia’s financial crimes watchdog, further reinforcing trust and confidence in its secure operations.Swyftx complements its desktop platform with a user-friendly mobile app. Investors can manage their cryptocurrency portfolios, execute trades, and stay updated on market movements from anywhere using their smartphones or tablets.Key features: Visit SwyftxCoinSpot is a cryptocurrency exchange that’s registered with AUSTRAC as a DCE (Digital Currency Exchange). The exchange was founded already in 2013, which means it has more than a decade of experience in serving Australian crypto users. The CoinSpot exchange provides easy onboarding into crypto for Australian users, as it supports instant AUD deposits through PayID. In addition, the exchange can be used to buy more than 400 different cryptocurrencies, making it suitable both for crypto investors who prefer large cryptocurrencies as well as those looking for opportunities in the altcoin markets. For users who want the ability to spend their cryptocurrency in everyday situations, CoinSpot provides a virtual Mastercard card that supports Apple Pay and Google Pay. When using the card, the user’s cryptocurrency balances are automatically converted into fiat currency, which is used to pay the merchant. Key features:Visit CoinSpotChoosing the “right” cryptocurrency exchange ultimately comes down to your specific set of needs. If you want to have as many options as possible, then Binance and KuCoin are probably your best picks. If you value user friendliness and security, Coinbase and Kraken should be your go-to options. While all the aforementioned exchanges are great in their own right, they are not headquartered in Australia. Swyftx not only ticks that box but is also regulated by AUSTRAC, ensuring the safety and security of user funds and personal information.If you are a crypto newcomer and don’t know when to start, we suggest you check out our crypto crash course that covers everything from exchanges to wallets, and more.