Best Crypto Exchanges in Australia in 2024

A Wide range of possibilities in 2024 for those seeking a reliable, safe, and user-friendly crypto exchanges in Australia.

Our choice for the top cryptocurrency exchange in Australia is Swyftx. Competitive trading costs, ISO27001 certification, and top-notch customer care that is well-known in the cryptocurrency community are all combined on this platform.

While foreign exchanges like Binance and Bybit provide the lowest trading costs, Coinspot, Coinjar, and Independent Reserve are excellent choices for Australians.

1. Swyftx

In 2018, the Australian-based cryptocurrency exchange Swyftx was established. The trading website, which was founded by Angus Goldman and Alex Harper, has grown significantly over the past several years and now has over 600,000 users.

Because of its user-friendly layout, excellent educational materials, and features like demo mode, it is regarded as an exchange that is geared for beginners.Swyftx broke onto the Australian crypto market in 2018 and immediately established an outstanding reputation among the community.

The platform provides a fixed transaction charge of only 0.6%. Swyftx’s spreads, which vary from 0.2 to 0.8%, are likewise clear. The majority of rivals, particularly in the Australian market, do not reveal their spreads, therefore it is easy for investors to unknowingly pay costs of more than 2% each trade.

Swyftx has a registration with AUSTRAC, an Australian regulatory agency. This indicates that they follow all financial regulations, such as those pertaining to KYC and AML. Additionally, the business offers cutting-edge security features including compromised password detection and two-factor authentication (2FA).

Swyftx Features

• AUD withdrawals and deposits. Swyftx allows you quick and cost-free AUD deposits and withdrawals by PayID, Osko, or bank transfers. Because of this, the platform is ideal for Australian citizens who want to diversify their cryptocurrency holdings. NZD and USD are also supported by Swyftx.
  minimal costs.
• A fixed trading fee of 0.6% is applied to practically all transactions on Swyftx. For an exchange that allows AUD withdrawals and deposits, this is very competitive considering the majority of others charge more than 1% every trade.
• Live chat and assistance for mobile devices. During business hours, Swyftx has a local customer support team that is reachable and has an average response time of less than ten minutes.
• Certification for ISO 27001. The industry standard for security among financial organizations is ISO27001 Certification. Only two Australian-based exchanges, including Swyftx, have obtained this certification.
• Demo version. Swyftx customers who are new to the cryptocurrency world may “try before they buy” by using the platform’s crypto demo. It is a great resource for practicing trades without putting any money at risk and learning about the cryptocurrency market.
• Supported assets. More than 310 crypto assets are supported by the Australian exchange, spanning from well-known tokens as AUDIO and RVN to less well-known ones like BTC and ETH. On the site, users may also exchange their cryptocurrency holdings (e.g., trade BTC for ADA).

Read more : Top 5 Crypto Tax Software for Australia

2. Gate.io

One of the largest cryptocurrency exchanges in the world, Gate.io is crammed with cutting-edge trading tools and revenue-generating possibilities. Since its founding in China in 2013, the platform has been in operation for more than ten years.

It has assisted more than 14 million users in building their portfolios of digital currencies. Being a cryptocurrency-to-crypto exchange, Gate.io is well-known in the community for having what is perhaps the longest number of supported cryptocurrencies.

AUD deposits are not accepted on Gate.io. In order to accomplish this, you must first acquire AUD using an Australian exchange such as Swyftx, and then you must buy an asset like as BTC or USDT to transfer to your Gate.io wallet.

Since its founding more than ten years ago, Gate.io has served millions of users, making it one of the cryptocurrency industry’s oldest exchanges. Because of its sophisticated features and affordable prices, professional traders frequently use Gate.io, which frequently records AUD $8 billion or more in 24-hour trading volume.

Gate.io has a lot of features, such as social networking components, a new project launchpad, and lots of income opportunities. Beginners will love the “Express Buy” feature, while seasoned users will benefit from a modern trading interface with TradingView integration and order book depth.

3. Coinbase on Crypto Exchanges in Australia

Coinbase is one of the oldest and most well-known cryptocurrency exchanges in the United States, having been founded by Brian Armstrong in 2012. The platform is well-known for its superior security measures, extensive feature set, and user-friendly design. In addition,

Coinbase has one of the top smartphone apps in the market, with millions of downloads, enabling investors to manage their cryptocurrency portfolios while on the road. Coinbase satisfies all applicable financial regulations and is registered with AUSTRAC.The Earn hub on Coinbase, which enables users to lock up their hard-earned cryptocurrency tokens in return for up to 10% APY, is particularly noteworthy.

It’s important to note that Coinbase isn’t the most economical platform; reports of costly spreads make up for its 1% flat trading charge. Traders with more skill can avoid these expenses by using the Coinbase Advanced Exchange, where trading fees start at 0.4%.

Coinbase Features

NFTs.

For blockchain-based gamers or digital collectors, Coinbase offers a separate NFT marketplace.

Digital Apps.

Users of Coinbase may explore the fascinating world of decentralized applications with the use of a Web3 tab.

Recurring purchases

. On Coinbase, investors have the option to use a dollar-cost averaging technique by placing a recurring order.

UX.

The community knows Coinbase for having an easy-to-use UI that is ideal for novices.

Safety precautions.

Since it began operations more than ten years ago, Coinbase has not had any notable security or privacy breaches. All exchange accounts must have 2FA enabled, and Coinbase reserves provide a 1:1 backup for customer cash

 Learn to earn.

With Coinbase’s informative and entertaining Learn hub, novice investors can learn about the market while earning some extra cash.

4. OKX

For investors who want to be on the leading edge, OKX is a sophisticated cryptocurrency exchange with cutting edge features. Star Xu launched the site in China in 2017; however, it had to migrate due to the country’s ban on items connected to cryptocurrency. I

n addition to having a sophisticated spot market for novice cryptocurrency traders, OKX is frequently utilized for trading derivatives. Hundreds of trading pairings, comprising all popular tokens like BTC, ETH, USDT, etc., are available for users to select from. Although OKX has not yet obtained official AUSTRAC registration, the firm intends to do so in the upcoming years.

Before formally rebranding as the more straightforward OKX, OKEx first appeared on the scene in the late 2010s. The bitcoin exchange’s approach, which offers a slick, tidy, and contemporary trading environment, is reflected in this stylistic shift.

Fundamentally, OKX caters to more seasoned cryptocurrency traders. Impressive features available on the exchange include copy trading, derivatives trading, and bots. With a maximum transaction cost of just 0.1%—which can go as low as 0.005%—all of this is accessible.

High-volume traders can save thousands of dollars by switching from a local, more costly alternative to a low-fee platform like OKX. At OKX, beginners in cryptocurrency can also feel at home. Using the platform’s Quick Buy program, purchasing Bitcoin or more than 20 other popular tokens is very simple and convenient.

Investors may rapidly add fresh coins to their portfolio by linking their Apple or Google Pay accounts, credit/debit cards, and other payment methods. Compared to trading cryptocurrency on the spot market, this buying option is significantly more expensive since it needs third-party suppliers.

But, aside from using the P2P marketplace, OKX does not offer AUD deposits, thus it would probably be more economical for new investors to begin assembling a portfolio elsewhere. When they are once again proficient, they may switch between some of their assets and take use of OKX’s array of trading tools.

5. Crypto.com

The Hong Kong-based exchange Crypto.com was established in 2016 by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. Following a few early months, the site rose to prominence as one of the most well-liked trading centers for novice and expert cryptocurrency users.

An extensive and focused marketing strategy, which included collaborations with Matt Damon, the Australian Football League, and the acquisition of naming rights to Los Angeles’ premier sports stadium, was largely responsible for the company’s rise to prominence.

Crypto.com is a unique exchange that offers two different platforms. The first is a smartphone software designed to help novices begin assembling their cryptocurrency holdings. The program provides a number of fundamental functions, such as the ability to purchase or trade cryptocurrency instantaneously using a credit or debit card, generate passive income on specific assets, and get incentives for holding CRO.

The Crypto.com credit card, which enables users to spend their cryptocurrency holdings at EFTPOS terminals like fiat money, is another advantageous option for Australians. Cashback and subscription promos are also included with the card; they might change from month to month.

The Crypto.com desktop exchange is the opposing side of the debate. This platform is designed for more experienced traders and has far lower costs than its mobile immediate buy alternative, which may charge up to 3.5% for purchases. The exchange also permits the use of bots and trading in derivatives.