Best crypto exchanges in Australia for 2022


Cryptocurrency has become increasingly popular throughout Australia, which has led to many different cryptocurrency exchanges to choose from. If you want to get started with trading crypto, how do you figure out which exchanges are legitimate, which are a scam, and which one is the right fit for you?

Top three Australian exchanges:

Digital surge exchange

Digital Surge is the top choice for Australians when it comes to cryptocurrency exchanges. It is the ideal choice for regular Australians who are considering getting into crypto. You can be assured that this exchange is safe and legitimate as it is registered with both ASIC and AUSTRAC.

It’s been around since 2017 and offers users access to over 280 different cryptocurrencies that you can purchase with AUD directly. Along with this, Digital Surge offers the lowest fees in the Australian market, starting at just 0.5 per cent. Depending on the trading volume, they can go as low as 0.1 per cent. The spread is also quite tight, so you know that you are getting the most value for your money.

Digital Surge have worked hard to create a very easy to use user interface when both buying and selling. All you need to do is click on buy or sell and there are no complicated graphs or charts to worry about. It’s also ideal for more experienced traders who prefer to place limit orders, with the option to do this available.

Another interesting feature that you can take advantage of when using this cryptocurrency exchange is using Bitcoin to pay your bills. If you have an Australian credit card or bill that accepts BPAY, you can pay with Bitcoin directly from your Digital Surge account. This is really handy and convenient since you don’t need to sell your BTC and withdraw it as AUD to make the payment.

Customer support is friendly and easy to reach either via email or Live Chat 24/7. You can use the desktop website or Digital Surge mobile app to make trading easier than ever no matter where you are.

  • Very intuitive interface with not much learning needed
  • Over 280 different cryptocurrencies available to buy and sell with AUD
  • iOS and Android mobile apps available
  • Lowest fee Australian exchange
  • Deposit with bank transfer, POLi, PayID, and cryptocurrency

Swyftx Exchange

If you are looking for an Australian cryptocurrency exchange to use, Swyftx is a great choice, with lots of different features for both beginner and advanced traders alike. This is one of the best exchange options for beginners as it offers an interface that is easy to use, demo mode, low fees, Live Chat, and even $20 worth of Bitcoin for free once you sign up, without the need to make a deposit.

Being new to trading crypto can sometimes be a daunting experience, but Swyftx has put in a lot of work to make the experience as simple and easy as possible for new traders. They offer a clean, easy to navigate user interface, and you can easily buy or sell crypto instantly whenever you like. There’s no need to place limit orders or make sense of complicated graphs, although more advanced traders who prefer to do this also have the option.

Swyftx offers more than 280 cryptocurrencies available to trade and the number is always increasing as more coins are added on a regular basis. If you are a beginner, it is not uncommon to struggle when figuring out which price is the best one or when you should buy, but with this exchange, you can easily switch to Demo mode by clicking the button located in the top right hand corner of the site where you will get access to $10,000 play money to try out different strategies without any financial risk. The prices in the demo mode reflect the real-time crypto prices, allowing you to get a real sense of how it works.

If you run into issues while trading, you can easily and quickly get help and advice from the Live Chat customer support. The support team is very knowledgeable and responsible, which is great for newbies who might need some guidance.

Low fees are also offered, which is another excellent reason for both new and experienced traders to consider Swyftx. Depositing and withdrawing AUD is always free of charge regardless of the payment method that you use, and trading fees are just 0.6 per cent of the transaction, with low spreads.

Another highly-sought-after feature that you can use with this exchange is staking, which allows you to earn interest on the coins that you hold in the account. Rather than just letting your crypto sit in the account while you wait for the value to increase, staking allows you to increase the amount of cryptocurrency that you own.

You can easily use this feature in Swyftx with just a couple of clicks, so it’s easy for beginners too. On the downside, more experienced or serious crypto traders might be disappointed with the lack of advanced markets such as margin traders or future, as Swyftx is built more for beginner and intermediate traders.

  • Easy to use with live chat support available
  • Practice risk-free with $10,000 virtual money in the demo account
  • Over 280 cryptocurrencies available to buy and sell using AUD
  • Brisbane based and registered with AUSTRAC
  • Low fees at 0.6 per cent that are clearly displayed when trading with no hidden costs
  • Several deposit methods including bank transfer, OSKO, PayID, credit card, debit card, POLi, and cryptocurrency.

CoinSpot exchange

CoinSpot came on the scene in the Australian crypto market in 2013 and they have shown no signs of slowing down since. Since then, they have grown to have the most users and the highest number of transactions of all cryptocurrency exchanges in the country.

Along with this, they are the most externally audited cryptocurrency exchange in Australia and the only exchange to receive the ISO 27001 certification, which backs up their claim of being the most secure and trusted exchange.

CoinSpot is an exchange that is very easy to use, which is good news for anybody who is trying out trading crypto for the first time. They offer over three hundred different cryptocurrencies that you can instantly sell and buy on the platform, with the largest range in an Australian exchange. Some of the coins that you can buy here are not listed anywhere else.

On the downside, however, there is a high transaction fee of 1 per cent for instant buys and sells on CoinSpot. Although, you can access lower fees on the market where you will only pay 0.1 per cent to trade a coin.

But, if you want to do this, it’s important to bear in mind that the range of coins available through market trades is limited. You can get access to the major cryptocurrencies such as Bitcoin and Ethereum, however, if you are looking to buy a smaller altcoin, you will need to use the Instant Buy feature and pay a 1 per cent fee.

CoinSpot is an ideal choice for beginner traders since they offer a simple, easy-to-use interface with both desktop and mobile options available. They have done a lot of work to make sure that users enjoy an experience that is seamless and free from clutter. And, you can easily get in touch with the support team via live chat if you run into any problems.

  • The most trusted and secure exchange in Australia
  • Simple registration and easy to use platform
  • More than 330 crypto coins available to purchase with AUD
  • Supports a range of deposit methods including cryptocurrency, cash deposits, bank transfer, PayID, POLi, and BPAY
  • Live chat support available

eToro Australia exchange

eToro is a broker rather than a cryptocurrency exchange. It offers a range of trading instruments including cryptocurrency and has been built from the ground up as a social trading platform that allows you to interact with other users through making posts and comments on the news feed. You can even set your account to automatically copy the exact trades of the most successful traders using eToro.

While it might not be a dedicated cryptocurrency exchange, eToro is worth a mention as it offers a wide range of excellent features to compete with the other exchanges. You can get access to a demo account with $100k in virtual money to use when practicing trading with no financial risk before you get started for real. Other features include crypto staking and you can even purchase crypto CFDs which allows you to make money on crypto prices without actually owning any cryptocurrencies.

On the downside, eToro only offers thirty of the most popular cryptocurrencies to trade on their platform, so it might not be the right choice for you if you want to purchase smaller altcoins. However, it is a good choice if you are looking to buy popular cryptocurrencies since there is no commission charged on trades and the fees are reasonable and all included in the spreads. You can also download the mobile app for Android and iOS.

For Australians, another drawback to eToro is that it operates in USD, meaning that you will need to pay a fee for currency conversion whenever you deposit and withdraw.

  • Margin trade cryptocurrencies
  • Staking available to earn interest on your cryptocurrencies
  • Invest in thirty coins either by directly purchasing or using CFDs
  • Demo account available where you can practice trading with $100,000 virtual money

Binance exchange

Binance offers a cool crypto trading platform, although it might not be the best option for beginners. It is not Australian, but it is definitely worth a mention as one of the best and most popular cryptocurrency exchanges around the world today. There are plenty of options available to you when you sign up and log in to Binance including margin trading, futures, p2p, and more, with access to more than three hundred cryptocurrencies.

You can easily deposit AUD with no fees into Binance using Osko or PayID and start trading instantly. This exchange is definitely recommended to anybody who is serious about trading crypto, with highly…

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