Choosing the right cryptocurrency exchange is a critical step for Australian investors entering the digital asset space. With growing adoption, regulatory clarity, and a wide range of platforms available, 2025 presents a strong opportunity for both beginners and experienced traders. This guide explores the top crypto exchanges in Australia, compares key features, and provides actionable insights to help you make an informed decision.
Key Takeaways
- Leading platforms like Swyftx, Coinspot, and Independent Reserve continue to dominate in usability, security, and local support.
- Always verify an exchange’s compliance with AUSTRAC and check for ISO 27001 certification as a sign of strong security.
- Consider fees, available cryptocurrencies, payment methods, and mobile accessibility when choosing your platform.
- For long-term holdings, use a secure cold wallet—never leave large amounts on any centralized exchange.
Top Crypto Exchanges in Australia in 2025
1. Swyftx
Payment Methods: Bank transfer, POLi, PayID, debit card
Supported Assets: 330+ cryptocurrencies
Swyftx remains one of Australia’s most user-friendly exchanges, especially ideal for beginners. The platform offers an intuitive interface across both desktop and mobile apps, making it easy to navigate even for first-time users. Newcomers can take advantage of Swyftx’s “Learn and Earn” program, where completing educational modules rewards free crypto.
Security is a top priority—Swyftx is ISO 27001 certified and partners with TRM Labs for fraud detection. The sign-up process is fast and doesn’t require selfies or document uploads for basic access. Additionally, Swyftx supports Self-Managed Super Funds (SMSF), allowing users to invest retirement savings in crypto with setup completed in under 24 hours.
👉 Discover how easy it is to start trading securely today.
Pros:
- 24/7 Australian-based customer support
- Welcome bonus of $20 in BTC
- Over 330 tradable assets
- Industry-leading Trustpilot rating (4.7/5)
Cons:
- No leverage trading available
2. Coinspot
Payment Methods: PayID, BPAY, direct deposits, cash, card
Supported Assets: 440+ cryptocurrencies
Coinspot stands out for its vast selection of tradable digital assets—over 440 coins—including major tokens and niche altcoins. It also offers NFT trading and OTC services for high-volume investors. The platform supports multi-factor authentication (MFA) and holds ISO 27001 certification, reinforcing its commitment to security.
Coinspot’s mobile app is fully functional and available on both Android and iOS, allowing seamless trading on the go.
Pros:
- Largest variety of cryptocurrencies in Australia
- 24/7 customer support
- Blockchain Australia Certified
- User-friendly interface
Cons:
- Limited advanced trading tools
3. Independent Reserve
Payment Methods: Bank transfer, debit/credit cards, PayPal, SWIFT
Supported Assets: 30+ cryptocurrencies
One of Australia’s oldest exchanges, Independent Reserve has built a reputation for security and compliance since its founding in 2013. It’s registered with AUSTRAC and accredited by the Australian Digital Currency Association (ADCA). Over 95% of user funds are stored in cold wallets, and all crypto and fiat are held in segregated accounts.
The platform supports up to 2x leverage, auto-trading features, tax reporting tools, and OTC services for institutional clients.
Pros:
- Never been hacked
- Strong regulatory compliance
- Excellent security protocols
- SMSF and OTC support
Cons:
- Higher fees compared to competitors
4. Bullish
Payment Methods: Bank transfer, cryptocurrency
Supported Assets: 37 cryptocurrencies
Bullish is designed for serious traders seeking high-performance trading capabilities. It supports spot, margin, and perpetual futures trading from a single account with up to 7x leverage. The platform uses a powerful trading engine with tight spreads and deep liquidity.
Bullish also operates its own Automated Market Maker (AMM), allowing select institutional users to earn trading fees. Customer assets are fully reserved, bankruptcy-remote, and audited by Deloitte.
Pros:
- Advanced trading tools and APIs
- Low fees and tight spreads
- Institutional-grade security
Cons:
- No credit/debit card purchases
- AMM access limited to professionals
5. Bitaroo
Payment Methods: PayID, bank transfer
Supported Assets: Bitcoin only
Bitaroo specializes exclusively in Bitcoin trading but offers advanced features such as Stop Market Orders, Trailing Stops, Auto DCA, and Lightning Network support. It’s a great option for Bitcoin-focused investors who want more control over their trades.
Users can also buy Bitcoin using their SMSF or pay bills directly with BTC—bridging traditional finance with crypto.
Pros:
- Low trading and withdrawal fees
- Supports Lightning Network
- SMSF integration
Cons:
- Bitcoin-only platform
👉 See how you can maximize your Bitcoin investment strategy now.
6. CoinJar
Payment Methods: Apple/Google Pay, card, PayID
Supported Assets: 50+ cryptocurrencies
Founded in 2013, CoinJar is one of Australia’s longest-running exchanges. It offers the CoinJar Card—a Mastercard-linked debit card that lets users spend crypto anywhere Mastercard is accepted.
Security is robust, with assets secured via BitGo and Fireblocks. The platform also uses machine learning for fraud detection and multi-layer encryption.
Pros:
- Low minimum purchase amount
- Advanced trade matching engine
- Strong security infrastructure
Cons:
- Limited customer service availability
7. Elbaite
Payment Methods: Apple/Google Pay, card, PayID
Supported Assets: 28 cryptocurrencies
Elbaite is a non-custodial peer-to-peer instant exchange based in Melbourne. It enables direct wallet-to-wallet trading without ever holding user funds. This model enhances security and control.
The platform includes educational resources and uses TX-Hash blockchain verification to ensure fair trades.
Pros:
- Non-custodial and decentralized
- Peer-to-peer trading
- AUSTRAC registered
Cons:
- Limited number of tradable assets
8. AmberApp
Payment Methods: EFT, PayID
Supported Assets: Bitcoin only
AmberApp focuses on secure Bitcoin trading with features like KYC verification, multi-signature vaults, and cold storage. It also offers a referral program where users earn revenue shares for bringing in new customers.
Available on both Android and iOS, AmberApp emphasizes simplicity and safety.
Pros:
- High-security standards
- Revenue-sharing referrals
- Mobile-friendly
Cons:
- Bitcoin-only with minimal features
9. HardBlock
Payment Methods: PayID, EFT, POLi
Supported Assets: Bitcoin only
HardBlock allows Australians to buy Bitcoin without giving up custody during the transaction process. Founded in 2014, it charges only a 2.4% spread with no additional deposit or exchange fees.
It supports personal, business, and SMSF accounts.
Pros:
- No custody surrender
- Transparent fee structure
- SMSF-compatible
Cons:
- Bitcoin-only
- Few additional features
How to Choose the Right Crypto Exchange in Australia
Not all exchanges serve the same needs. Consider these factors before committing:
Understand Platform Types
- Exchange: Matches buyers and sellers via order books (e.g., Swyftx).
- Brokerage: Sells crypto at fixed prices (often with markups).
- Instant Exchange: Enables quick swaps between cryptos (e.g., Elbaite).
- Payments Platform: Facilitates fiat-to-crypto transfers (e.g., CoinJar).
All must comply with AUSTRAC regulations.
Compare Fees
Exchanges earn through spreads or transaction fees. Brokerages may add markups. Instant exchanges often charge higher fees for convenience. Always calculate total cost per trade.
Prioritize Security
Look for:
- Cold storage usage
- Multi-factor authentication (MFA)
- ISO certifications
- Third-party audits
- Segregated client accounts
Remember: Long-term holdings should be moved to a cold wallet.
Is Australia Crypto-Friendly?
Yes—Australia has adopted a progressive regulatory stance toward cryptocurrency. Trading is legal and regulated under anti-money laundering (AML) laws via AUSTRAC. While fees tend to be higher than global averages—Australians paid an estimated $50.9 million in trading fees in 2022—adoption continues to grow.
According to the 2024 Independent Reserve Cryptocurrency Index (IRCI), 27.5% of Australians now own crypto, with notable growth among those over 55. Bitcoin remains the top investment choice, held by 63% of investors, especially ahead of the upcoming halving event.
“Despite industry challenges in 2023, Australians’ interest in crypto remains strong. We’re seeing renewed optimism and momentum.”
— Adrian Przelozny, Group CEO at Independent Reserve
👉 Stay ahead of the next market surge—start your journey now.
Frequently Asked Questions
Are crypto exchanges legal in Australia?
Yes. All major exchanges operate under AUSTRAC regulations. While crypto isn’t legal tender, it’s recognized as a legitimate asset class.
Which exchange has the lowest fees?
Bullish and Coinspot offer some of the lowest trading fees (starting at 0.1%), though spreads and payment method costs should also be considered.
Can I use my super fund to buy crypto?
Yes—Swyftx, Bitaroo, and HardBlock support Self-Managed Super Funds (SMSF) for crypto investment.
Should I keep my crypto on an exchange?
No. Centralized exchanges are vulnerable to hacks. Always transfer long-term holdings to a secure cold wallet.
What payment methods are supported?
Most platforms accept PayID, bank transfers, and cards. Some support Apple/Google Pay, BPAY, or cash deposits.
How do I stay safe when buying crypto?
Use platforms with SSL encryption, MFA, and AUSTRAC registration. Avoid public Wi-Fi during transactions and verify URLs carefully.
Final Thoughts
The Australian crypto landscape in 2025 offers diverse options tailored to different investor needs—from beginner-friendly interfaces to advanced trading tools. Whether you're looking for variety, security, or SMSF integration, there's a platform that fits.
Always conduct your own research (DYOR), prioritize security, and never invest more than you can afford to lose.
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