7 Best Crypto Exchanges in Australia (2026) – Compare Fees, Features & Security
Crypto no longer needs an introduction in many parts of the world, including Australia. With over a decade of growth and demand from retail investors and institutions, the “early adopter” story is no longer valid as far as cryptocurrencies are concerned. Australia itself is a global leader in crypto adoption. As the biggest crypto-curious nation, it only makes sense that a good share of Aussies use cryptocurrencies in different ways.
From first-time investors buying Bitcoin through exchanges to more experienced traders actively managing trading positions across multiple assets, the market has grown. However, as a beginner, the important question is: which platform is the best crypto exchange Australia for your needs? We have a detailed breakdown in this guide.
Quick Comparison Table of the Top 7 Crypto Exchanges in Australia
Before going into the details of our top picks as the best cryptocurrency trading platforms for Australians, let’s place them side-by-side to see how they compare.
“Trade Crypto with an ASIC-regulated broker. Fast AUD funding via PayID. ”
7 Best Crypto Exchanges in Australia (2026) – Full Review
1. Mitrade – Best Overall for Simple CFD Trading in Australia
When most people think of crypto exchanges, they think of platforms that allow them to buy, sell, and hold digital assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as the wallets to securely store them.
For Mitrade, the approach is different, as the platform offers a unique model that allows users to enter and exit the market using CFDs (Contracts for Difference). With crypto CFDs, you don’t have to buy or hold actual Bitcoin, Ethereum, or altcoins. Instead, you can trade their price movements on Mitrade. You can go long when coin prices are rising, and you want to take advantage or go short when the market is falling.
For Australian traders, Mitrade crypto CFDs offer a level of flexibility that is unfounded on traditional crypto exchanges. This flexibility is also one of the reasons Mitrade is a top choice for beginner and advanced traders alike.
Another reason why crypto traders fancy Mitrade is its fast execution speed, which proves important in a very volatile crypto market. Unlike traditional crypto platforms that tend to overwhelm users with complex charts, sophisticated dashboards, order books, and other advanced features that may cause friction, Mitrade’s interface offers what is necessary, making navigation smooth and trade execution a breeze.
From a fee perspective, Mitrade still ranks as the best crypto exchange Australia due to its zero commission model. Instead of charging fees for every crypto CFD trade, Mitrade operates using variable spreads. This simplifies pricing, makes it easier to understand what you’re actually paying per trade, and also ensures high fees don’t eat into your profits.
Another key advantage is multi-asset access. Apart from being able to trade over 24 crypto CFDs across major assets such as Bitcoin, Ripple, Ethereum, Litecoin, and Bitcoin Cash, you can expand to indices, forex, and commodities in one place. This is particularly handy if you’re building a broader trading portfolio.
Plus, Mitrade offers leverage up to 1:100 to qualified investors from Australia and select regions. This is an advantage for traders looking to access a larger portion of the market with a small amount.
Overall, Australian users who want a straightforward way to trade crypto without directly buying Bitcoin or other assets or those who want to move across different financial markets, will fancy Mitrade as the best crypto exchange in Australia.
Experience fast and seamless tradingLeverage your positions flexibly to capture market moves Track real-time strategies and adjust your trades instantly
2. Binance Australia – Best for Advanced Crypto Trading
Globally, Binance needs no introduction due to its presence in over 180 countries. Binance Australia is one of the brand’s arms servicing Aussie traders and investors looking for a regulated platform to buy and sell cryptocurrencies.
What sets Binance apart from its competitors is not only its global visibility. The platform operates at a sheer scale that others still aim for. For context, Binance Australia boasts a collection of 350+ digital assets and extremely deep liquidity. This makes it easy for you to move in and out of positions efficiently without slippage, even during high-volume periods.
For active traders, that liquidity means you can enjoy tighter spreads and better execution whenever you’re buying, selling, or converting cryptocurrencies. The mix of popular assets like Bitcoin and Ethereum, alongside hundreds of altcoins, also gives you endless trading possibilities. You can move from legacy tokens to meme coins, AI cryptocurrencies, and a range of decentralised finance (DeFi) tokens in one place.
The platform also offers a wide range of tools for spot trading, futures and margin trading, and staking. So, while you can profit from active trading, you can also leverage Binance’s earning features to accrue passive income.
However, on the flip side, the market depth on Binance comes with complexity. For beginners, the interface can feel overwhelming. There are multiple dashboards, advanced charting tools, and features that require a learning curve.
In terms of fees, Binance remains one of the most competitive platforms globally. It charges a flat 0.1% fee on spot trades, and this can be lower when using its utility token, Binance Coin (BNB), for discounts and rebates.
Overall, Binance Australia is a strong option among the best crypto exchanges. However, its advanced features and sophisticated interface can be complicated for users who don’t already know how crypto trading works.
3. Coinbase – Best for Beginners
Coinbase is another crypto trading platform that requires no introduction among Australian traders and investors. With a brand built around simplicity, Coinbase has remained relevant to millions of crypto traders looking to kickstart their crypto journeys on a reputable platform with zero friction.
From the registration process to identity verification and account funding, the onboarding on Coinbase is straightforward. If you’ve never bought crypto before and you would like to hold assets directly, Coinbase is one of the best exchanges to start. The platform has minimal features that make buying and selling of cryptocurrencies frictionless. You can use the instant buy and sell feature to buy Bitcoin with AUD or convert one cryptocurrency to another.
That simplicity is exactly why Coinbase remains popular among beginner crypto traders in Australia. Moreover, Coinbase also has over 200 assets listed, so you can expand your portfolio across popular coins like Bitcoin, Solana, and Ethereum or low-profile altcoins and meme coins.
However, Coinbase charges as high as 0.50% for instant buy or sell orders, while maker-taker fees range from 0.40% to $0.60. This is a trade-off that may be uncomfortable for some beginners and high-volume traders.
Overall, Coinbase is best suited for traders and investors who prioritise speed over high fees or long-term holders who are primarily storing assets using the Coinbase Wallet.
4. Kraken – Best for Security-Focused Traders
Kraken positions itself as one of the most secure and reliable cryptocurrency exchanges in Australia and beyond. With this reputation, the platform has attracted millions of customers buying, selling, and holding 200+ cryptocurrencies.
One of the Kraken’s core selling points is its security-first approach. Unlike other top exchanges like Binance and Coinbase that have experienced security breaches, Kraken has a clean record.
The standout security features at Kraken include 95% of users’ assets stored in cold storage, mandatory two-factor authentication (2FA), air-tight cold wallets, and a Global Settings Lock that prevents unauthorised changes to account security.
The Kraken platform also stands out with its range of assets, supporting over 200 cryptocurrencies that you can buy, sell, swap, or stake for interest. The exchange also offers competitive trading fees for makers and takers. However, its 1.5% instant buy fee is relatively high.
Overall, Kraken strives to balance usability and functionality. It’s not as simple as Coinbase, but it’s also not as complex as Binance. For Aussie traders who prioritise stability and security, Kraken could be worth considering as a complementary platform to Mitrade.
5. Swyftx – Best for Localised Features
Swyftx is built with Australian users in mind. The Australian-based cryptocurrency exchange has held a local focus since 2018, primarily serving Aussies and Kiwis. One of the strong appeals of Swyftx is its smooth AUD support. With access to Australian-focused payment channels such as PayID, direct bank transfer, Osko, and card payment, you can make deposits and withdrawals on Swyftx more smoothly than international platforms.
Customer support is also localised, which means you won’t feel far from home when dealing with account issues or verification processes through Swyftx’s support channels. In terms of features, Swyftx offers a wide selection of assets and competitive spreads. The interface is also user-friendly, even while balancing simple and advanced trading tools.
Overall, Swyftx is a strong middle-ground option for Australian and New Zealand crypto traders looking for a more localised platform with the context of the countries’ users.
6. CoinSpot – Best for Coin Variety
CoinSpot is known for its massive asset support. With over 400 coins available, the platform boasts an unmatched variety of tradable assets to Australian traders. This makes it appealing if you’re big on exploring beyond major assets like Bitcoin and Ethereum. You’ll find a range of altcoins, meme coins, big data tokens, and even tokens from upcoming crypto projects.
The platform is easy to use, making it suitable for beginners who want to explore different assets without navigating complex tools. CoinSpot is also AUSTRAC-registered and has built a solid security reputation within the Australian market.
However, it does not have the lowest fees, as instant buys charge as high as 1% fees per trade. Overall, it’s best suited for altcoin traders and long-term holders.
7. OKX – Best for Derivatives Trading
OKX is not an everyday crypto trading platform due to its focus on advanced trading tools and strategies. The core features on OKX are futures and derivatives trading, making it more aligned to traders who want more control over their trading activities.
Fees are relatively low, making OKX attractive for high-frequency traders. The platform also supports a large number of cryptocurrencies. There are also over 300 assets to trade on the platform. However, like Binance, OKX can be complex for beginners. The interface is built for experienced traders.
How to Buy Crypto in Australia
Buying crypto in Australia can be done in two ways, depending on your preferred platform:
Direct asset purchase on traditional exchanges like Binance, Coinbase, and Swyftx
Buying crypto CFDs on platforms like Mitrade
With Mitrade, the experience is different because you’re trading coin price movements instead of holding the underlying asset. Here’s how it works:
Sign up on Mitrade using your email and complete identity verification.
Fund your account using AUD or crypto.
Use the search icon to find crypto assets like Bitcoin, Ethereum, or other available crypto CFDs.
Review price charts, trends, and indicators to decide your trading direction.
Open a buy (go long) or sell (go short) order and enter your trade size. Don’t forget to use risk management tools like stop-loss (SL) and take-profit (TP).
Track your position and close the trade when you reach your target or market conditions change
The best crypto exchanges in Australia allow you to buy, sell, and invest in a range of assets, each offering unique perks and benefits. However, if you want to trade crypto without managing wallets or private keys, trading crypto CFDs on Mitrade offers that level of simplicity.
1. What is the best crypto exchange in Australia?
Mitrade shines with its simplicity, speed, and flexibility with CFD trading. However, international platforms like Binance and OKX are better suited to advanced traders.
2. Are crypto exchanges regulated in Australia?
Yes. Regulated exchanges operate under AUSTRAC registration requirements.
3. Which exchange has the lowest fees?
Binance and OKX generally offer lower trading fees, while platforms like Mitrade charge variable spreads.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
