If you want to find the best crypto exchanges in Australia to help you trade more efficiently, you’ve come to the right place. From robust security to competitive pricing, liquidity, and user experience, the best crypto exchange would give you the right balance.
So in this blog, let’s take a look at the top 13 best crypto exchanges in Australia to help you find a platform that fits you like a charm.
Sounds good? Let’s keep it rolling!
The 13 Best Crypto Exchanges in Australia
- Coinbase
- Binance Australia
- Gemini
- Swyftx
- CoinSpot
- Digital Surge
- Independent Reserve
- eToro
- Cointree
- CoinJar
- Coinstash
- Phemex
- Pionex
Let’s take a deep dive into them now!
1. Coinbase
- With its user-friendliness, Coinbase quickly captured the hearts of Australian traders, emerging as one of the best crypto exchanges in Australia.
- You may wonder what exactly makes it so user-friendly. Indeed, its simple account creation process, educational materials to guide users about trading, and dedicated mobile app are what make it ideal.
- Coinbase also offers advanced features like interactive trading charts, staking services, and DApp wallets to its experienced traders.
- And its major drawback is that users won’t have full access to their funds and its high trading fee.
2. Binance Australia
- One of the biggest, if not “the biggest” crypto exchanges in the world has a dedicated Australian branch to offer its Australian users tailored services—Binance Australia.
- With Australian-specific trading pairs and features such as AUD transaction support, Binance Australia is teaching its competitors how to offer a specialized branch beyond just the name.
- Its limitations include low customer service, high withdrawal restrictions, and security issues.
3. Gemini
- Gemini’s strict commitment to regulatory norms has earned it the trust of its Australian users, propelling it to the top of the list of Australia’s finest cryptocurrency exchanges.
- Its digital insurance policy to defend against theft and hacking reassures users and boosts its credibility. Its major drawback would be that while it is user-friendly, it lacks advanced tools and limited options for margin and futures trading.
4. Swyftx
- Swyftx boosts its position in the list of best crypto exchanges in Australia by providing additional services like staking to attract traders to its side.
- Swyftx is the leading exchange because of its extensive variety of cryptocurrencies, speedy verification procedure, and local customer service.
- However, it has drawbacks as well, such as expensive withdrawal fees, probable outages during peak trading hours, and a lack of advanced features.
5. CoinSpot
- CoinSpot, an Australian-based crypto exchange, has made trading convenient for its users by offering local payment choices, simple and swift buying and selling of cryptocurrencies, and its integrated crypto wallet to securely store crypto assets.
- Geographical limits, a lack of advanced trading options to attract seasoned traders, and expensive trading fees are some of its drawbacks.
6. Digital Surge
- With the intent of offering a user-friendly platform to their users, Digital Surge focuses on the ease of access for their users.
- Its educational resources for its users to make informed decisions, quick account setup, and mobile optimization have made it one of the best crypto exchanges in Australia.
- Its primary concentration on Australian traders also limits its accessibility to other foreign traders, which is somewhat of a downside.
7. Independent Reserve
- Independent Reserve has made it to this list by providing its users with API access to allow for automated trading using trading bots, as well as solid security measures like cold storage and insurance for users’ assets on the exchange.
- Its basic educational resources and limited stake options are some of its drawbacks.
8. eToro Australia
- eToro Australia is designed specifically for newcomers, with a simple exchange, copy trading choices, extensive educational resources like webinars and live tutorials, and integrated wallets to safeguard its users’ assets.
- Because it caters mostly to beginners, there aren’t many advanced trading tools available, and customer service may only be available during regular business hours.
9. Cointree
- As an Australian-based exchange, Cointree adheres to all the local regulations set by the local government, infusing trust in the hearts of its Australian users.
- It supports payment options like bank transfers and local payment choices like PayID.
- Compared to other exchanges in the list, Cointree might need advanced trading options like derivatives exchange and margin trading.
10. CoinJar
- CoinJar offers its users an exciting feature called CoinJar swipe, which allows them to use their cryptocurrencies for their everyday purchases.
- Its lack of advanced trading tools and increased withdrawal fees might be considered drawbacks for its users.
11. Coinstash
- Users of Coinstash can conveniently purchase cryptocurrencies straight from their local Australian dollars (AUD). Moreover, they don’t have to pay conversion fees to convert their currency to another currency.
- Since it is a small exchange when compared to the other exchanges in the list, it has a small user base, which leads to lower liquidity.
12. Phemex
- By allowing its users to leverage for up to 100X, Phemex offers advanced trading options like perpetual and margin. This makes it the top choice for Australian traders who are looking to maximize their profits.
- Though its withdrawal fees are relatively low when compared to the competition they might be higher.
13. Pionex
- Despite not being as well-known or reputable as the other exchanges on the list of the best crypto exchanges in Australia, Pionex’s integrated bot makes it a fierce rival.
- Its built-in trading bot feature allows users to put together strategies and trade without having to continually monitor their trade actions.
- Traders may be reluctant to utilize Pionex due to concerns about security and dependability. As a result, potential users might question the platform’s safety measures.
Which Of The Best Crypto Exchanges in Australia Suits You Best?
- If you’re just starting, Coinbase, Swyftx, and CoinSpot are great platforms.
- Experts may favor Binance Australia and Gemini.
- Those who trade on margins often find eToro and Phemex to be suitable.
- Day traders should consider Binance Australia and Independent Reserve.
- For those looking for good staking rewards and user support, Digital Surge and Coinstash are solid options.
Conclusion
As we conclude our blog, we’ve successfully explored the 13 best crypto exchanges in Australia. You may have noticed several factors like user-friendly, advanced trading tools, additional services, educational resources, and security were frequently mentioned. These are all the must-have factors the best exchange should have. If you’re planning to launch your exchange, think about using a cryptocurrency exchange script, which can help you efficiently set up your platform and bring your crypto vision into reality.
Get in touch with a reputed development company like ours and start your journey today, mate!
