Best Crypto Exchanges in Australia for Bitcoin & Altcoins

By Nilesh Maurya
Published May 18, 2019 Updated June 14, 2019
best cryptocurrency exchanges in australia by coingape

Best Crypto Exchanges in Australia for Bitcoin & Altcoins

The advent of cryptocurrency and blockchain did promise to change the world but at the same time also divided the world into two halves- one that believed in the power of blockchain and cryptocurrencies while others who felt that this was just another tool that would be used by criminals and the one who wanted to park their black money in.

Luckily Australia, the small continent in the Southern Hemisphere, chose to be on the side that was supportive and friends with cryptocurrency. While the business owners and capital investors did welcome the latest innovation with both hands, it was the various regulators and agencies have put the front foot forward to understand and accommodate the nascent industry. The ACCC, ASIC, AUSTRAC, and now the Treasury are actively seeking to understand Australia’s cryptocurrency landscape.

Crypto’s Journey in The Down Under Nation

While the discussion about cryptocurrencies and blockchain has been going around in Australia since the very start, the major breakthrough came in 2018, when AUSTRAC amended the AML/CTF Act 2006 to include ‘Digital Currency Exchanges’. This change included an application process, where businesses could apply and register with AUSTRAC to operate a crypto exchange. This opened the floodgates and as on last reported there were over 246 exchanges which have now registered in Australia.

While AUSTRAC did its part, ASIC too played its part in the background providing additional clarity around ICO’s. Under information sheet 225, guidelines were provided around ICO’s and Managed Investment Schemes. Reference was given to the Corporations Act 2001, and how some ICO’s may be financial products, and thus fall under the purview of the Act and ASIC. Although somewhat ambiguous, it was a good start and has helped token issuers and industry professionals.

The third important role was played by ACCC in regards to consumer protections. Normally, the agency would be responsible for protections around ICO’s. However, they delegated power to take action on business around misleading and deceptive conduct to ASIC in mid-2018.

Australian Crypto Market

Australia may not be the biggest market for Bitcoin (BTC) and other cryptocurrencies, but it is a growing one. As it stands based on the data available on CyptoCompare, Australia is ranked 13th globally for BTC volume by currency. At the time of reporting, Australian Dollar’s share to the volumes of bitcoin was 0.17% which stood at 1,271.95 bitcoins in the last 24 hours.

In terms of making Bitcoin a mainstream currency, Australia followed Japan in declaring Bitcoin — along with other cryptocurrencies — as legal tender. Japan’s move in declaring Bitcoin as legal tender came in March 2016, while Australia only began following that precedent on July 1, 2017.

Best Crypto Exchanges in Australia for Bitcoin and Altcoins

As we are all aware of how important crypto exchanges are part of the blockchain and crypto ecosystem, its time to look at the ones that are slowly becoming exchanges of great importance in Australia

1. CoinSpot

CoinSpot is headquartered in Melbourne and was founded by Russell Wilson in 2013 as one of Australia’s earliest cryptocurrency exchanges. As it grows stronger, it continues its mission of offering the most complete list of cryptocurrencies in Australia, and it now has hundreds of different coins available. It’s designed to be easy, accessible and user-friendly for both beginners and experienced cryptocurrency enthusiasts. The other details of the exchange are as follows –

  • Fiat Currencies: AUD
  • Cryptocurrencies: BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
  • Deposit Methods: BPAY, Cash, Cryptocurrency, POLi
  • Trading Fee: Instant buy: 1%, Market order: 0.1%* *Applies to BTC, XRP, LTC, DOGE, ETH, NEO, POWR, GAS
  • Deposit Fees: POLi: None , BPAY: 0.9% , Cash: 2%
  • Withdrawal Fees: None for Australian bank accounts


  • A local exchange headquartered in Australia
  • Allows users to buy directly in AUD
  • Low and no fee deposits and withdrawals
  • User-friendly interface
  • A wide selection of cryptocurrencies
  • Compliant with AML/CTF laws


  • Lacks advanced trading features
  • Rates usually vary asking users to be vigilant

coinspot - best crypto exchange in australia

2. is a privately owned start-up based in Sydney, Australia. The team behind the exchange consists of passionate cryptocurrency and blockchain enthusiasts that are proud to be a part of this new and emerging technology. The exchange has also introduced the ATM/EFTPOS Card which can be loaded with user’s choice of Bitcoin (BTC), Ether (ETH), Litecoin (LTC), OmiseGO (OMG), Bitcoin Cash (BCH) or Ripple (XRP).

  • Fiat Currencies: AUD
  • Cryptocurrencies: BTC
  • Deposit Methods: Cash, Cryptocurrency POLi
  • Trading Fee: 3.5%
  • Deposit Fees: NA
  • Withdrawal Fees: NA


  • Makes it quick and easy to buy crypto
  • Offers a range of services to make using it easier
  • Has a reloadable cryptocurrency debit card


  • Charges commissions of 3.5%
  • Limited selection australia

3. eToro

Launched in 2007, eToro is best known as a social trading platform that caters to traders of all experience levels. It encourages users to seek advice from each other and offers the CopyTrader service, which lets users copy the trades of leading investors. Beyond cryptocurrency, eToro provides access to other markets including stocks, commodities and foreign currency. The other details of the exchange are as follows –

  • Fiat Currencies: USD
  • Deposit Methods: Credit card, Debit card, Neteller, PayPal, Yandex Money
  • Trading Fee: Overnight and weekend fees apply
  • Deposit Fees: Fees vary (conversion fees for non-USD deposits)
  • Withdrawal Fees: $25 (minimum withdrawal of $50)


  • Advanced social trading functionality allows you to interact with and follow leading traders
  • Access to a wide variety of markets in addition to cryptocurrency
  • Lots of withdrawal options and large monthly trading limits


  • Cryptocurrency CFDs are an extremely high-risk investment
  • No investor protection
  • Higher spread fees when compared to other brokers
  • Does not yet support cryptocurrency deposits

etoro exchange

4. Easy Crypto Australia

Easy Crypto was founded in New Zealand with the aim of being, above all else, an easy place to buy cryptocurrency. Easy Crypto explains that after a year serving New Zealand customers, the site proved to be so popular among Australians that it ended up opening up an Australian arm to better cater to those users. Easy Crypto is a registered Digital Currency Exchange in Australia, licensed under AUSTRAC.

  • Fiat Currencies: AUD
  • Cryptocurrencies: ARK, BAT, BTC, ADA, DASH, ENJ, EOS, ETH, ETC, GVT, GNT, ICX, and 10+ more
  • Deposit Methods: Bank transfer, POLi
  • Trading Fee: 1%
  • Deposit Fees: None
  • Withdrawal Fees: None


  • User can retain control of their crypto private keys
  • Easy to use and suitable for beginners
  • Transparent fee structure and no hidden charges
  • Access to a decent selection of coins and tokens


  • Cryptocurrency CFDs are an extremely high-risk investment
  • No investor protection
  • Higher spread fees when compared to other brokers
  • Does not yet support cryptocurrency deposits - australia exchange

5. Uphold

Uphold is a digital money platform where users can buy, convert and store a wide range of assets. Not only does this virtual support 8 popular cryptocurrencies, but you can also exchange more than 20 fiat currencies and 4 precious metals. Operating on a 100% reserve model, Uphold backs all member stores one-for-one with its own holdings. Since its launch in 2015, the platform has supported more than $3 billion in transactions. Uphold is headquartered in the United States.

  • Cryptocurrencies: BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
  • Deposit Methods: Bank transfer, Credit card, Debit card, Bank transfer (SEPA)
  • Trading Fee: 0.65-3.65%
  • Deposit Fees: Bank transfer: None, Bitcoin: None, Credit/debit card: 3.99%
  • Withdrawal Fees: Cryptocurrency: $2.99 + coin fees , Bank transfer: $3.99


  • Transfer money globally in seconds
  • Instantly convert between 30+ currencies
  • Hold cryptocurrency and fiat currency in a single wallet
  • Manage your funds in real-time
  • Free transfers between Uphold members


  • User may not be able to access all account funding methods in their country of residence
  • Conversion fees apply when buying or converting between currencies
  • Other wallets support a wider range of cryptocurrencies


6. Digital Surge

Digital Surge is an Australian digital currency exchange designed to offer safe and simple crypto trading. With a focus on ease of use, the platform allows users to buy and sell bitcoin (BTC), as well as pay any Australian bill using your BTC holdings. Based in Brisbane, Digital Surge has a mission to enable the use of cryptocurrency in everyday life. Digital Surge offers instant account verification and deposits, allowing crypto newcomers to acquire BTC within minutes.

  • Fiat Currencies: AUD
  • Cryptocurrencies: BTC
  • Deposit Methods: Bank transfer, POLi
  • Trading Fee: 0.1-0.75%
  • Deposit Fees: Bank transfer: None, POLi: $2-3.30
  • Withdrawal Fees: AUD: Free Cryptocurrency: 0.0004 BTC


  • Buy bitcoin with AUD in minutes
  • Pay with POLi or bank transfer
  • Fast sign-up and verification
  • Transparent fee structure
  • Beginner-friendly and simple to use


  • Only supports bitcoin
  • Unless you’re a high-volume trader, fees may be costly
  • Credit card transactions not supported


7. Bit Trade

Bit Trade was founded and registered in 2013 and is one of Australia’s first cryptocurrency exchanges. Since its inception, it has grown along with Australia’s cryptocurrency scene, becoming a member of emerging industry groups and releasing new offerings including a blockchain consulting service and an OTC trading desk that does business worldwide. However, its core trading portal remains focused on serving Australian customers.

  • Fiat Currencies: AUD
  • Cryptocurrencies: BTC, ETH, LTC, XRP, BCH
  • Deposit Methods: Credit card, Cryptocurrency, Debit card, POLi
  • Trading Fee: 1%
  • Deposit Fees: None
  • Withdrawal Fees: Fees may Vary


  • Buy and sell 5 major cryptocurrencies
  • Quick transfer times
  • A simple system for placing orders
  • Also offers an OTC desk
  • Based in Australia


  • Offers a limited selection of cryptocurrencies compared to some other platforms
  • Does not offer advanced trading feature

8. Independent Reserve

Independent Reserve is a Sydney-based Australian cryptocurrency exchange, founded in 2013. With features to suit everyone from everyday people to experienced traders, Independent Reserve operates fully in line with Australian financial services regulations. It also offers a range of benefits and features that are worth considering if you want to start trading in cryptocurrencies. Keep reading to find out about the pros and cons of Independent Reserve and decide whether it’s the right crypto exchange for you.

  • Fiat Currencies: AUD, NZD, USD
  • Cryptocurrencies: BTC, BCH, ETH, LTC, XRP, OMG, ZRX
  • Deposit Methods: Cryptocurrency, Electronic Funds Transfer, SWIFT
  • Trading Fee: 0.1%- 0.5%
  • Deposit Fees: EFT: None for deposits over AU$100 AU$0.99 for deposits below this amount
  • SWIFT: None for deposits over $5,000, US/NZD$15 for deposits below this amount
  • Withdrawal Fees: Bank transfer: None for AUD, $20 for non-AUD, BTC: 0.0002, ETH: 0.001, BCH: 0.0001, LTC: 0.001, XRP: 0.15 XRP


  • Lets you trade in AUD, NZD, and USD
  • Supports bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP
  • Offers strong security features
  • Based in Australia


  • High trade volumes are required to avoid the 0.5% commission charges
  • Manual approval may slow transaction speeds
  • A range of transaction and withdrawal fees may apply

independent reserve australia


Nilesh Maurya
689 Articles
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.
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