Home Guides Best Crypto Exchanges in Australia in October 2025

Best Crypto Exchanges in Australia in October 2025

Created: Author Image Nadica Metuleva

Fact-Checked by: Julia SakovichSenior Editor

32 mins

Based on our analysis of over 30 crypto exchanges that cater to Australian users, Bitcoin.com.au, Independent Reserve, and Binance rise to the top for different reasons, including beginner-friendliness, security, and broad token coverage.

Whether you prioritize ease of use or advanced trading tools, the best crypto exchanges in Australia today offer a mixture of strengths that cater to the needs of different crypto users.

For instance, Bitcoin.com.au is ideal for newcomers because of its sleek user interface and easy onboarding process. Independent Reserve is considered the safest crypto exchange in Australia. Binance leads in product variety and advanced trading features.

This guide is built on a full analysis of each platform’s metrics, features, and user feedback, as well as Australian crypto regulations and standards from ASIC, AUSTRAC, and ATO. Ahead, we will provide you with a full comparative breakdown of the best crypto exchanges in Australia to help you make your own decision.

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Top Crypto Exchanges in Australia to Watch in 2025

Australia’s crypto scene is tightening around clearer AML/CTF rules. Any exchange that swaps fiat with crypto and vice versa for Australians must now be registered with AUSTRAC. Operating without that status means a higher risk and fewer protections. Below, we will detail the best Australian crypto trading platforms and discuss their regulatory status, so you can weigh convenience and features against compliance.

  1. Bitcoin.com.au – Best for beginners and first-time buyers
  2. Independent Reserve – Best for security and institutional-grade compliance
  3. Binance – Best for variety and advanced trading tools
  4. MEXC – Best for ultra-low fees and global reach
  5. Kraken – Best for combining global reach with local compliance and AUD support
  6. Weex – Best for leveraged and derivatives traders chasing high-risk, high-reward
  7. KCEX – Best for low-fee spot and futures trading with minimal KYC barriers
  8. Margex – Best for traders wanting high-leverage derivatives exposure
  9. BloFin – Best for high-leverage futures, copy trading, and “earn” products
  10. PrimeXBT – Best for multi-asset and derivatives traders seeking global access

Best Crypto Exchanges in Australia in October 2025

Now that you know our picks for the top crypto exchanges in Australia, it is time to analyze each platform. Let’s see why we picked these, and help you decide which is the best Australian crypto exchange in 2025 for your needs.

1. Bitcoin.com.au – Best for Beginners and First-time Buyers

Status: AUSTRAC-registered DCE (ID shown on the site). The site also advertises ISO 27001. This indicates local AML/KYC obligations and supervision.

Bitcoin.com.au is one of the most accessible exchanges in Australia. This beginner-friendly crypto exchange is ideal for first-time buyers thanks to its streamlined onboarding process and simple user interface. You can sign up, verify your identity, and deposit via PayID or EFT quickly (instant up to a daily threshold, then within 1 business day).

How to pay for crypto with the best crypto exchange in Australia, Bitcoin.com.au

Bitcoin.com.au Pay ID explained. Source: Bitcoin.com.au

Bitcoin.com.au is Australian-owned, operates under local compliance, and advertises a strong security posture. This is why many users feel more comfortable starting here than in offshore exchanges.

The site’s corporate page lists ABN 46 164 257 069 – an ABN that the Australian Business Register shows belongs to Independent Reserve Pty Ltd. This makes it a consumer-facing brand tied to a long-running local operator.

This Platform Is Suitable for You If:

  • You value clear Australian compliance signals like AUSTRAC DCE registration.
  • You want PayID/Osko convenience for quick AUD funding.
  • You are a beginner trader looking for a simple-to-use exchange.

This Platform May Not Be Suitable for You If:

  • You need pro-grade trading with deep charts and margin/derivatives.
  • You are looking for very low maker/taker fees.
Category Bitcoin.com.au
Regulation AUSTRAC-registered DCE. The corporate page lists ABN 46 164 257 069.
Supported Assets Major coins (BTC, ETH, XRP, DOGE, ADA, etc.) with a beginner-oriented catalog.
Trading Fees 1% trading fee. Deposits: PayID / Bank / Card / PayPal (PayID and bank free; international card 3.5%).
Deposit Methods PayID, Osko, bank transfer/EFT, cards, and PayPal
Security ISO 27001, 2FA, reserves messaging
Unique Feature Local, compliance-forward onboarding.
Best For Users who want an Australian-operated, beginner-friendly brand.
Key Drawback Limited advanced trading tools

Visit Bitcoin.com.au

2. Independent Reserve – Best for Security and Institutional-Grade Compliance

Status: AUSTRAC-registered DCE (Australian entity) and long-running local exchange.

Independent Reserve feels like it was built from the ground up for trust. It has over a decade of track record (founded in 2013) and is an AUSTRAC-registered DCE. This is the first regulated exchange in Australia. It offers institution-style stack ISO 27001 security, a majority cold storage, 1:1 reserves, and undergoes annual audits.

How a top crypto exchange in Australia, Independent Reserve, keeps your assets safe

Independent Reserve security features. Source: Independent Reserve

The fees on this exchange are transparent and volume tiered (0.5% down to 0.02%), focused on rewarding serious traders. For funding, PayID/Osko deposits are typically instant, while EFT clears in 1 to 2 business days.

What really sets Independent Reserve apart is its depth for SMSFs and institutions. The site has an OTC desk with white-glove execution and detailed tax/reporting integrations, plus API access and a multi-currency order book.

This Platform Is Suitable for You If:

  • You are an SMSF, HNWI, or institution needing OTC execution and detailed reporting.
  • You want an exchange with security signals (ISO 27001, 1:1 reserves, cold storage) and a long operating history.

This Platform May Not Be Suitable for You If:

  • You want access to exotic altcoins and crypto gaming features. IR is more focused on the majors and a professional toolkit.
  • You need retail-friendly derivatives everywhere. The availability and access can depend on client type and jurisdiction here.
Category Independent Reserve
Regulation AUSTRAC-registered DCE (ABN 46 164 257 069)
Supported Assets BTC, ETH, top altcoins
Trading Fees 0.5% down to 0.02% (30-day volume tiers)
Deposit Methods PayID/Osko typically instant; EFT 1-2 business days
Security ISO 27001, majority cold storage, 1:1 reserves, annual audits
Unique Feature Multi-currency order book (AUD/USD/NZD/SGD) for deeper liquidity
Best For Security-first users, SMSFs, HNWIs, and institutions needing audited reserves
Key Drawback Smaller altcoin catalogue vs. global mega exchanges. Fewer earn/gamified extras.

Visit Independent Reserve

3. Binance – Best for Variety and Advanced Trading Tools.

Status: Australian arm (Investbybit Pty Ltd) is AUSTRAC-registered.

Binance is by far the world’s largest crypto exchange by trading volume. For Australian traders, it’s the platform traders pick when they want the deepest liquidity, hundreds of markets, and pro-grade tools for spot, margin, futures, options, and APIs. The trade-off is fiat: since mid-2023, AUD deposits and withdrawals via local banking rails have been suspended, and AUD spot markets were deactivated.

How to trade on the go with Binance, the largest crypto exchange in Australia and the world

Binance exchange platforms. Source: Binance

If you are keeping an eye on upcoming Binance listings, the platform continues to introduce new tokens regularly, often driving significant market activity around launch days. Australians typically move crypto on/off via other venues or on-chain, then trade crypto-to-crypto on Binance. Meanwhile, the local entity Investbybit Pty Ltd (t/a Binance Australia) remains AUSTRAC-registered.

AUSTRAC ordered an external audit of its AML/CTF controls in August 2025.

This Platform Is Suitable for You If:

  • You want advanced trading features and global-scale liquidity with low base fees.
  • You are comfortable funding in crypto (not AUD) and managing off-ramp elsewhere due to AUD rail limits.

This Platform May Not Be Suitable for You If:

  • You need native AUD deposits and withdrawals on the same platform.
  • You’d prefer a locally focused, beginner UX with a simple fiat on-ramp and fewer settings.
Category Binance
Regulation Australian arm is AUSTRAC-registered DCE
Supported Assets Large global catalog and derivatives suite
Trading Fees Spot 0.10%/0.10% at VIP 0. Fee discounts for higher VIP tiers and BNB token holders.
Deposit Methods AUD bank transfers suspended; use crypto instead
Security Proof-of-Reserves with Merkle-tree verification. Standard account 2FA and operational security practices.
Unique Feature Advanced tools and liquidity (spot, margin, futures, options, APIs)
Best For Power users who prioritize market depth, product breadth, and low fees.
Key Drawback No native AUD rails at present. Ongoing regulatory scrutiny (audit ordered Aug 2025).

Visit Binance

4. MEXC – Best for Ultra-Low Fees and Global Reach

Status: No public evidence of AUSTRAC registration. User agreement lists global restrictions, but not Australian licensing. This is an offshore crypto exchange and doesn’t operate under Australian crypto regulations.

If you are looking for depth and speed, MEXC is the “list-it-fast, trade-it-now” venue. It also offers low fees, with a 0% maker and 0.05% taker on spot and 0% and 0.02% on futures. In addition to this, it has aggressive listings (thousands of pairs) and leverage up to 500x for experienced traders.

One of the best crypto exchanges in Australia for fees, MEXC

MEXC exchange fees. Source: MEXC

In practice, MEXC is built for crypto-to-crypto power users. You get liquidity, breadth, and a lot of tools. Still, the fiat rails can be patchy (card, bank transfers in some regions, and P2P), and there is no AUSTRAC registration for Australia. This is an offshore option with fewer local protections, but some major advantages like speed and low fees.

This Platform Is Suitable for You If:

  • You want very low fees and global-scale market variety (2900+ pairs reported across spot/futures).
  • You are comfortable funding with crypto and using card/SEPA/P2P where available.
  • You need high-leverage derivatives and advanced order types.

This Platform May Not Be Suitable for You If:

  • You need local Australian fiat rails and want AUSTRAC-registered oversight.
  • You prefer a tighter, curated coin list and beginner-style UX.
Category MEXC
Regulation Offshore for Australia (not AUSTRAC-registered)
Supported Assets Thousands of pairs (2,900+ spot and 1,100+ futures pairs as of 2025).
Trading Fees Spot: 0% maker / 0.05% taker. Futures: 0% maker / 0.02% taker.
Deposit Methods Crypto deposits, cards (Visa and MasterCard), Apple/Google Pay, bank transfer, P2P. Availability varies by region.
Security Proof-of-reserves portal (Merkle-tree), periodic reserve reports, 2FA, anti-phishing code, cold-storage statements.
Unique Feature High leverage (up to 500x), deep futures catalogue, rapid token listings.
Best For Cost-sensitive traders who fund in crypto and want maximum market access + derivatives.
Key Drawback No AU local license/rails.

Visit MEXC

5. Kraken – Best for Combining Global Reach with Local Compliance and AUD Support

Status: Kraken operates in Australia through Bit Trade Pty Ltd, a registered Digital Currency Exchange (DCE) under AUSTRAC. Its parent company is the U.S.-based Payward.Inc.

Kraken is a rare mix: global-scale liquidity and tools with local Australian funding. Via its Australian operator Bit Trade Pty Ltd, Kraken is AUSTRAC-registered and supports AUD deposits/withdrawals by PayID/Osko (plus standard bank transfers). This marks on-and off-ramping is much simpler than on offshore venues.

Kraken Australia homepage. Source: Kraken

Fees here follow a transparent maker/taker schedule that drops with 30-day volume. Institutions get OTC execution and APIs.

It is important to mention ASIC’s 2024 action against Bit Trade after it offered margin trading to users without checking whether it was suitable for them. Penalties of $8 million were imposed, and derivatives access is now tightly controlled for retail.

This Platform Is Suitable for You If:

  • You want AUD PayID/Osko funding and withdrawals with a big-name global exchange.
  • You value tiered maker and taker fees, as well as advanced tools for higher volumes.
  • You care about Proof-of-Reserves transparency and mainstream security practices.

This Platform May Not Be Suitable for You If:

  • You want a huge long-tail of exotic coins.
  • You need retail derivatives everywhere. Availability is restricted and supervised in Australia.
Category Kraken
Regulation Operates in Australia via Bit Trade Pty Ltd, AUSTRAC-registered DCE.
Supported Assets A broad set of majors and selected altcoins. Availability varies by region.
Trading Fees Maker/taker tiers (entry tier around 0.26%/0.50%, falling with volume).
Deposit Methods PayID/Osko bank transfers for AUD deposits and withdrawals. Standard bank transfer supported.
Security Proof-of-Reserves portal/reports. 2FA and institutional-grade controls.
Unique Feature OTC desk (RFQ/chat), APIs, multi-venue liquidity access.
Best For AU users who want local AUD rails and a globally trusted exchange with transparent fees and high security.
Key Drawback Past ASIC enforcement over margin product ($8 million penalty). Retail derivatives access is limited.

Visit Kraken

6. WEEX – Best for Leveraged and Derivatives Traders Chasing High-risk, High-reward

Status: WEEX holds a Bitcoin Service Provider (BSP) license in El Salvador. There is no clear evidence that it is licensed in Australia, so it is considered an offshore crypto exchange.

WEEX is built around derivatives first: lots of perpetual markets, rapid listings, and high leverage. Pair pages show leverage up to 200x on major contacts like BTC/USDT and ETH/USDT, while some WEEX materials advertise higher caps on selected markets. That being said, it is best to check the specific pair before you start trading.

Fees at WEEX are aggressively low: base 0.02% maker, 0.08% taker on futures, with VIP discounts. The site pushes copy trading and a 1,000 BTC protection fund.

Fiat on-ramps exist via card, Apple Pay, Google Pay, and bank transfers in some regions, but most Australians will find crypto deposits the simplest path here.

WEEX has a native exchange token, WXT, an ERC-20 asset used for trading-fee discounts, with an on-chain contract published on Etherscan. In January 2025, WEEX announced a token burn that reduced the stated supply.

Benefits of the WEEX utility token WXT explained

WEEX WXT utility. Source: WEEX

This Platform Is Suitable for You If:

  • You want derivatives depth and high leverage with low taker and maker fees.
  • You value fast token listings and active copy-trading communities.
  • You are comfortable funding with crypto.

This Platform May Not Be Suitable for You If:

  • You need native Australian AUD rails with local oversight.
  • You prefer a beginner-friendly, low-risk environment with tight KYC guardrails.
Category WEEX
Regulation Claims a Bitcoin Service Provider license in El Salvador, with no AUSTRAC registration disclosed.
Supported Assets Broad spot and futures coverage. Pair pages show up to 200x leverage on many contracts.
Trading Fees Futures: base 0.02% maker / 0.08% taker (VIP tiers cut lower). Spot campaigns often 0% maker / 0.1% taker.
Deposit Methods Crypto deposits. Fiat via card, Apple/Google Pay, and bank transfer, where available.
Security 1,000 BTC Protection Fund. Proof-of-Reserves. 2FA and risk-limit tiers for futures.
Unique Feature High-leverage futures and rapid listings. Copy trading is available.
Best For Experienced traders who prioritize derivatives, leverage, and low fees over local licensing/rails.
Key Drawback Offshore posture for AU users (no AUSTRAC disclosure). Fiat options are inconsistent by region.

Visit Weex

7. KCEX – Best for Low-Fee Spot and Futures Trading with Minimal KYC Barriers

Status: KCEX is MSB-registered with FinCEN in the USA. It is an offshore crypto exchange without an Australian license.

KCEX is a fees-first exchange. Spot trading is currently zero-fee for a promotional period, and futures fees are also extremely low (maker 0%, taker 0.01% after the October 2024 cut). The platform leans into derivatives with up to 100x leverage (pair-dependent) and standard risk tiers.

KCEX is clearly optimized for crypto-in/crypto-out flows. Fiat “Buy Crypto” options exist via third-party gateways, but availability depends on region. So, Australians who use this exchange typically deposit stablecoins and trade.

Homepage of the popular crypto exchange KCEX

KCEX exchange homepage. Source: KCEX

As for its license, KCEX publicly points to a U.S. FinCEN MSB registration page for verification. There is no AUSTRAC listing disclosed.

This Platform Is Suitable for You If:

  • You want ultra-low trading fees on spot and futures.
  • You are comfortable funding with crypto and using third-party on-ramps when needed.
  • You trade perps with high leverage and want straightforward fee math.

This Platform May Not Be Suitable for You If:

  • You need native AUD deposit/withdrawal rails and local AU oversight.
  • You prefer beginner UX with tight KYC guardrails and a small, curated coin list.
Category KCEX
Regulation Cites FinCEN MSB registration (U.S.), no AUSTRAC registration.
Supported Assets Spot and perpetual futures
Trading Fees Spot: currently 0%. Futures: 0% maker / 0.0% taker.
Deposit Methods On-chain crypto deposits and withdrawals. “Buy Crypto” via card/bank/P2P varies by region.
Security 2FA and position-risk tiers for perps.
Unique Feature Zero-fee spot + very low futures fees with high-leverage perps.
Best For Fee-sensitive crypto-funded traders are looking for a simple fee structure.
Key Drawback No native AUD rails.

Visit KCEX

8. Margex – Best for Traders Wanting High-Leverage Derivatives Exposure

Status: Margex is operated by Margex Trading Solutions Ltd, a company incorporated in Seychelles under the International Business Companies Act of 1994. This is an offshore exchange that is not regulated in Australia.

Margex is a derivatives-first venue that prioritizes straightforward fees and leverage and is not too focused on bells and whistles. The platform posts a flat 0.019% maker and 0.060% taker schedule on perpetuals (limit vs. market) and supports up to 100x leverage on major pairs like BTC/USD and ETH/USD.

Funding is crypto-first, though it also offers bank and card purchases via third-party widgets inside its wallet platform. Security messaging emphasizes 100% cold-storage custody with multisig, 2FA, and automated abuse prevention.

How the crypto trading platform Margex makes trading easy

Margex exchange homepage. Source: Margex

This Platform Is Suitable for You If:

  • You want high-leverage perps (up to 100x) and clear maker/taker fees.
  • You fund with crypto and are fine using a card on-ramp via partners when needed.
  • You value an uncluttered derivatives interface with risk tiers and standard order types.

This Platform May Not Be Suitable for You If:

  • You need native AUD rails or an AUSTRAC-registered local exchange.
  • You want hundreds of spot markets or retail “earn/gamified” extras. The focus here is perps.
Category Margex
Regulation Operated by Margex Trading Solutions Ltd. Incorporated in the Seychelles. No AUSTRAC registration disclosed for Australia.
Supported Assets Core BTC, ETH, LTC, XRP, SOL, etc. Perps with maximum leverage up to 100x.
Trading Fees Perpetuals: 0.019% maker / 0.060% taker.
Deposit Methods On-chain crypto deposits, bank-card buys via Changelly/ChangeNOW inside wallet.
Security Claims 100% cold-storage custody, 2FA, segregation of access, DDoS protection, and machine-learning abuse prevention.
Unique Feature High leverage + simple flat fee schedule on perps.
Best For Crypto-funded traders seeking lean and leverage-centric trading with predictable fees.
Key Drawback Offshore setup and no native AUD banking. Fewer spot/retail features than mega exchanges.

Visit Margex

9. BloFin – Best for High-Leverage Futures, Copy Trading, and “Earn” Products

Status: BioFin’s public disclosures suggest that it holds a U.S. federal MSB registration via FinCEN, as well as a CIMA-compliant fund licensing (Cayman Islands). This exchange doesn’t have an AUSTRAC registration or Australian financial licensing and operates as an offshore company.

BloFin is a derivatives-heavy exchange that feels somewhat purpose-built for active traders. Its fees are maker 0.02% and taker 0.06% on futures, and the platform has frequent new listings and leverage that goes as high as 150x on BTC/ETH perps. It also prides itself on its transparency, offering a Proof-of-Reserves (PoR) portal and user-verifiable audits/snapshots.

New tokens on the top crypto trading platform BloFin

BloFin new listings. Source: BloFin

For funding, Australians will mostly deposit crypto, but BloFin’s “Buy Crypto” flows add convenient card/Apple Pay/Google Pay, and SEPA bank transfer. The toolkit also includes copy trading, vouchers and bonuses, and grid tools.

This Platform Is Suitable for You If:

  • You want low futures fees and higher leverage with an active listings calendar.
  • You are comfortable funding with crypto and, when needed, using card/Apple/Google Pay or SEPA on-ramps.
  • You value PoR transparency and ongoing delisting/listing.

This Platform May Not Be Suitable for You If:

  • You need native AUD deposit/withdrawal rails and an AUSTRAC-registered provider.
  • You prefer a beginner-only UX with limited leverage and a tightly curated coin list.
Category BloFin
Regulation No AUSTRAC registration disclosed for Australia.
Supported Assets Spot + USDT-M futures. 400+ USDT-M pairs and leverage up to 150x on BTC/ETH.
Trading Fees Futures: 0.02% maker / 0.06% taker. Frequent promotions and taker fee discounts on new pairs.
Deposit Methods Crypto deposits. Buy Crypto via card, Apple/Google Pay, SEPA bank transfer.
Security Proof-of-Reserves portal (1:1 reserves, Merkle tree, periodic snapshots, and upgrades).
Unique Feature Derivatives focus (high leverage), copy trading, and quick fiat-on-ramp options where supported.
Best For Active traders who prioritize low futures fees, higher leverage, and can fund in crypto.
Key Drawback No native AUD rails/AU registration.

Visit BloFin

10. PrimeXBT – Best for Multi-Asset and Derivatives Traders Seeking Global Access

Status: PrimeXBT (Pty) Ltd is a South African company, licensed as an Authorized Financial Services Provider under FSCA license number 45697. It is not an ASIC-regulated crypto exchanges, but an offshore company.

PrimeXBT is a multi-asset venue that puts crypto futures and CFDs (forex, indices, commodities) under one roof, with TradingView-style charting, copy trading, and APIs. Fees on this exchange are clear on the futures side (maker 0.01% and taker from 0.02%, with VIP discounts). Crypto-CFD trades list 0.05% and most non-crypto CFDs advertise no commission.

Funding here is crypto-first, plus a bank-card on-ramp that settles in USD to your crypto wallet or trading accounts. Leverage on BTC/ETH was updated recently, in August 2025, providing up to 200x under platform conditions.

As for security, the site highlights cold storage and HSMs (FIPS 140-2 L3) and standard 2FA.

Prime XBT homepage. Source: PrimeXBT

This Platform Is Suitable for You If:

  • You want low futures fees with advanced tools and access to traditional markets via CFDs.
  • You are comfortable with funding in crypto.
  • You want higher crypto leverage.

This Platform May Not Be Suitable for You If:

  • You need native AUD bank rails or an AUSTRAC-registered exchange.
  • You prefer beginner-only UX with tight leverage limits. This is a derivatives-first venue.
Category PrimeXBT
Regulation Lists multiple offshore permissions (e.g., FSCA South Africa FSB). Not AUSTRAC-registered in Australia.
Supported Assets Crypto futures, crypto CFDs, plus CFDs on forex, indices, and commodities.
Trading Fees Crypto futures: maker 0.01% / taker 0.02-0.045% (volume-tiered).
Deposit Methods On-chain crypto, bank-card deposits.
Security Cold storage with multisig, HSMs, 2FA.
Unique Feature One account for crypto and traditional CFD markets with low futures fees and high leverage on majors.
Best For Experienced, cost-sensitive derivatives traders who want both crypto and traditional markets on one platform.
Key Drawback No native AUD rails/AU registration.

Visit PrimeXBT

Top Crypto Exchanges in Australia Compared Side-by-Side

Here is a quick snapshot to help you choose fast. These details should help you decide which exchange is best for you and get a rough sense of what each one offers.

Exchange Best For Regulation Fees AUD Deposit Supported Coins
Bitcoin.com.au Beginners and first-time buyers AUSTRAC (DCE) 1% spot Yes 20+
Independent Reserve Security and institutional-grade compliance AUSTRAC (DCE) 0.50%-0.02% (tiered Yes 30+
Binance Variety and advanced tools Global; AU entity AUSTRAC registered 0.1% spot for VIP0 No 350+
MEXC Ultra-low fees and global reach Offshore (no AUSTRAC) Spot 0-0.10%. Futures 0-0.02% No 2,600+ pairs
Kraken Global depth with local AUD rails AUSTRAC 0.16-0.26% Yes 400+
WEEX High-leverage derivatives and copy trading Offshore (no AUSTRAC) Futures 0.02%/0.085 No 600+
KCEX Low-fee spot and futures (crypto-funded) Offshore (no AUSTRAC) Spot 0%. Futures 0%/0.01% No 100+ pairs
Margex High-leverage crypto derivatives Offshore (no AUSTRAC) Perps 0.019%/0.060% No 30+ perps
BloFin Futures, copy trading, and “earn” Offshore (no AUSTRAC) Perps 0.02%/0.06% No 200+ pairs
PrimeXBT Multi-asset and derivatives access Offshore (FSCA in SA, no AUSTRAC) Futures 0.01-0.045% No 30+ futures

How We Chose the Best Crypto Exchanges – Our Methodology

To help you find the best crypto exchanges on the Australian market, we ranked them against criteria that matter to Aussie users, then weighted them by real-world impact. Each claim was checked against the exchange’s own disclosures, Australian regulators, and testimonials.

Regulation and Legal Posture (20%)

First, we verified whether a platform is AUSTRAC-registered as a Digital Currency Exchange (DCE). In Australia, you must be registered with AUSTRAC before offering fiat-to-crypto or crypto-to-fiat exchange services. Operating without registration typically means fewer local protections.

We also looked at ASIC’s guidance and past actions, especially for exchanges offering margin trading or complex financial products. This helps us understand how compliant and trustworthy each platform really is.

Security and Transparency (20%)

Next, we looked for independent security frameworks like ISO 27001 claims, cold-storage policies, 2FA, and breach history.

We also gave credit to exchanges that publish Proof of Reserves, which lets users verify that their assets are backed one-to-one (though such reports are not the same as a full audit).

Fees and Total Cost of Ownership (15%)

Trading fees can add up fast. We compared maker/taker fees, deposit and withdrawal fees, and any hidden costs. Where platforms offer lower fees for VIP tiers or native token rebates, we focused on the standard rates for everyday users.

Liquidity and Market Coverage (15%)

We considered the number of supported assets and markets, the derivatives catalogs, and the presence of AUD books. More liquidity generally means smoother trades and better prices.

AUD Deposit and Withdrawal Support (10%)

A big plus for Australian traders is easy funding. We prioritised exchanges that support PayID, Osko, or regular bank transfers – the main local payment methods under Australia’s New Payments Platform (NPP). These make deposits and withdrawals cheaper and faster.

User Experience and Tooling (10%)

User experience is another vital factor to consider, as many exchanges can be overly complex and difficult to use. We assessed onboarding and KYC flow, funding speed, mobile and web UI, and support channels.

For pros, we analyzed advanced order types, charting, APIs, and OTC access.

Extra Features (5%)

Some exchanges go beyond trading. We noted any earn programs, staking, copy trading, tax integrations, and institutional tools, but only after verifying compliance and safety.

Tax and Reporting (5%)

Finally, we checked that our tax-related advice aligns with ATO guidance. In Australia, crypto is generally treated as a CGT asset, and income from airdrops or staking can be taxable.

Regulation and Legal Considerations for Crypto Exchanges in Australia

When choosing a crypto exchange in Australia, regulation and security should be your first consideration. Two main bodies oversee crypto activity:

  • AUSTRAC (Australian Transaction Reports and Analysis Centre): Every crypto exchange that lets you swap digital currencies for Australian dollars must be registered with AUSTRAC as a Digital Currency Exchange (DCE). This helps protect users from scams, money laundering, and suspicious financial activity.
  • ASIC (Australian Securities and Investments Commission): ASIC steps in when an exchange offers financial products such as derivatives, staking, or margin trading. It ensures these services follow Australian consumer and investor protection laws.

What compliance means for crypto traders

Using an AUSTRAC-registered platform means your funds are handled by a business operating under Australian law. This usually means that you can get local protection if something goes wrong, as well as clearer KYC rules and proper AML checks. In most cases, it also translates to easier access to AUD deposits and withdrawals through local payment methods like PayID, Osko, or bank transfers.

Risks of using unregulated exchanges

Some global platforms accept Australian users without being AUSTRAC-registered. Some of these exchanges offer lower fees or more leverage, but they do not provide the same legal protection. If your account is frozen, funds are lost, or data is breached, there is little recourse under Australian law.

Still, this doesn’t make offshore exchanges any less regulated. If you pick a regulated, trusted platform, you can enjoy the same or similar levels of security, but you need to be careful.

Crypto Tax in Australia – What Traders Need to Know

If you buy, sell, or swap crypto in Australia, the Australian Taxation Office (ATO) treats it as a form of property, not as money. This means that most crypto transactions are subject to Capital Gains Tax (CGT), just like shares or real estate.

Whenever you sell crypto for AUD, swap one coin for another, or use crypto to buy goods or services, that is considered a “disposal”. You will need to calculate any capital gain or loss based on the difference between what you paid and what you received.

  • If you hold crypto for more than 12 months, you may get a 50% CGT discount.
  • If you trade frequently, the ATO may treat you as a business, which would mean that your profits are counted as ordinary income instead of capital gains.

The ATO requires you to keep detailed records for every crypto transaction, even if you trade on overseas exchanges. Your records should include:

  • The date of each transaction
  • The value in AUD at the time
  • What the transaction was for (buy, sell, swap, transfer)
  • Details of wallet addresses and exchanges used

Good record-keeping helps you stay compliant and avoid penalties during tax time.

Exchange Tools for Tax Reporting

Many Australian exchanges now offer built-in tax tools or integrations with platforms like Koinly, CoinTracker, or CryptoTaxCalculator. These tools automatically pull your trade history and calculate your gains, losses, and staking income. However, it’s important to check their work in case of any errors, especially if you are using more complex crypto tools and services like DeFi lending or staking.

How to Choose the Right Crypto Exchange in Australia

Choosing a crypto exchange isn’t just about finding the lowest fees. It’s about making sure your money and data are protected, that you can easily fund your account, and that the platform fits your needs.

Key Factors to Consider

  • Security: Look for exchanges that use cold storage for most assets, two-factor authentication, and withdrawal whitelists.
  • Regulation: Platforms registered with AUSTRAC are required to meet local reporting and KYC standards.
  • Fees: Compare maker/taker fees, spreads, and deposit or withdrawal charges. A small difference can add up over time.
  • Payment methods: Choose an exchange that supports PayID, Osko, or bank transfer for fast AUD deposits.
  • Customer support: Reliable support, especially with local operating hours, is a huge plus.

Checklist

Beginners Advanced traders
Simple interface with easy buy/sell options Deep liquidity and low spreads
Clear fee structure Advanced charting tools and APIs
Fast AUD deposit and withdrawal Derivatives or futures options
Local support and educational content Proof-of-reserves or public audits

Security Tips for Australian Users

Let’s now go through some security tips you could use to find the best platform.

How to Verify a Platform

Before signing up, confirm the exchange is registered with AUSTRAC or another reliable authority. You can search the AUSTRAC Digital Currency Exchange register if you wish to trade in a locally licensed exchange.

Common Scam Signs

Be cautious of:

  • Unrealistic promises like guaranteed profits or “free-risk returns”
  • Poorly written websites without contact information
  • Platforms that ask for upfront deposits or crypto transfers to unlock bonuses
  • Pressure to act fast or secret investment opportunities

Think of it this way – if it sounds too good to be true, it probably is.

Best Practices

  • Always enable 2FA (SMS or Google Authenticator)
  • Use withdrawal whitelists to lock withdrawals to trusted wallet addresses
  • Keep large balances in cold wallets
  • Regularly monitor your account for any unusual activity

How to Start Trading on an Exchange Step by Step for Australian Investors

If you are ready to do some trading, here are the steps you should follow:

Step 1: Choose a registered exchange. Take another look at our list or comparison table and pick the exchange that best fits your needs.

Step 2: Sign up and verify your identity. You will likely need to complete identity checks using your driver’s license or passport.

Step 3: Deposit crypto or AUD: Use PayID, Osko, or bank transfer.

Step 4: Start trading crypto as you see fit.

Step 5: Withdraw safely. You can always move funds to your own wallet for long-term holding.

Benefits and Risks of Crypto Exchanges

Benefits

  • Easy to buy, sell, and store digital assets
  • Local AUD support and fast payment options
  • Transparent pricing on regulated platforms
  • Access to advanced tools, staking, and tax reporting integrations

Risks

  • Market volatility – crypto prices can swing widely
  • Security breaches or phishing scams
  • Some offshore exchanges lack Australian legal protection (though they might have protection from another trusted authority)
  • Losing access to your account if you skip KYC or lose your credentials

Conclusion – Choosing the Best Crypto Exchange in Australia in 2025

The best crypto exchange for you depends on what kind of trader you are. If you are just starting, Bitcoin.com.au or Independent Reserve offer simplicity and safety. If you are experienced and want more advanced features, Binance, MEXC, or Kraken might fit you better.

Whatever you choose, you should consider each platform’s security features, local compliance, and fees. Do your own research, test smaller deposits first, and avoid storing large amounts of crypto on exchanges for long periods in case of black swan events.

The right platform should make your trading safe, fast, and transparent, not risky and stressful.

FAQs

What is the safest crypto exchange in Australia?

Are Australian crypto exchanges regulated?

Which crypto exchanges are regulated in Australia?

Which exchange is best for beginners?

Do I need to pay tax on crypto?

What’s the cheapest exchange to trade on?

How do crypto exchanges work?

How many crypto exchanges are there in Australia?

Who regulates crypto exchanges in Australia?

Do I need to verify my identity to trade crypto on exchanges?

References

  1. Digital Currency Exchange Providers – Austrac.gov.au
  2. High-Net-Worth Individual: Criteria and Example – Investopedia
  3. Is Kraken Licensed on a Regulated – Kraken Support
  4. Is WEEX a Scam: What Is the Truth About Scam Allegations – WEEX
  5. KCEX License Information – KCEX Announcements
  6. AUSTRAC Orders Audit of Global Crypto Exchange – Austrac.gov.au
  7. ASIC Wins Case Against Kraken Crypto Exchange Operator – ASIC.gov.au
  8. WXT Token Burn: Unlocking Value for WEEX Investors – WEEX
  9. We’ve Updated Leverage – Here Is What You Missed – Primexbt
  10. Revolutionising the Flow of Money – Auspayplus
  11. Crypto Asset Investments in Australia – ATO
  12. How to Work Out and Report CGT on Crypto – ATO
Nadica Metuleva

Nadica Metuleva

, 19 posts

I’m a seasoned writer with over a decade of professional experience, specializing in crypto, technology, business, and iGaming. Over the years, I’ve built a reputation as a trusted contributor to well-known outlets such as InsideBitcoins, CEOTodayMagazine, and Promo, while also collaborating with leading content and marketing agencies including Skale and Boosta. My portfolio spans a wide range of content types, exchange reviews, how-to guides, long-form comparisons, trend analyses, and thought leadership pieces, crafted to both inform and engage readers across different levels of expertise.

In the crypto space, I’ve developed a deep understanding of blockchain technology, digital assets, and the fast-moving decentralized finance (DeFi) ecosystem. I’ve written extensively on topics such as cryptocurrency exchanges, wallets, tokenomics, NFTs, and global regulatory developments. As a crypto investor myself, I bring a valuable firsthand perspective that allows me to balance technical accuracy with practical insights that resonate with traders, investors, and newcomers alike. Whether I’m breaking down blockchain mechanics or analyzing the latest market shifts, my work combines rigorous research, industry knowledge, and a keen sense of storytelling.

My educational background plays a key role in shaping my writing approach. I hold a Bachelor’s degree in Translation and a Master’s degree in English Literature and Teaching, disciplines that sharpened my ability to research complex subjects, distill technical information into accessible language, and adapt my tone to diverse audiences. This strong academic foundation underpins my clear, insightful, and authoritative style.

Passionate about making complex topics accessible, my mission is to cut through the jargon and deliver content that empowers readers to make informed decisions.

You can learn more about me and explore my portfolio on LinkedIn.

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