Best Crypto Trading Platform Australia in 2022

Best Crypto Trading Platform Australia in 2022

If you’re on the hunt for the best crypto exchange in Australia – this guide compares the top eight providers to consider in 2022.We examine core metrics of each crypto exchange – such as regulation, supported coins, fees and commissions, customer service, trading tools, and more.

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The Best Australian Crypto Exchanges for 2022

The eight best crypto exchanges in the Australian market right now are those listed below.

1、eToro – Overall Best Crypto Exchange Australia for 2022

2、Crypto.com -Beginner-Friendly Crypto Exchange with Numerous Useful Features

3、Capital.com – Best Bitcoin Trading Platform for Leveraged Crypto Products

4、Coinbase – Top Australian Bitcoin Exchange for Beginners

5、Binance – Cheapest Crypto Exchange for Spot Trading

6、Digital Surge – Affordable Crypto Investing Platform

7、Swyftx – Trade 310+ Cryptos with TradingView Charts

8、CoinSpot – Simplest Australian Exchange to Instant Buy Crypto

1. eToro – Overall Best Crypto Exchange Australia for 2022 

etoro logoeToro is undoubtedly the best crypto exchange in Australia for a wide variety of core reasons. When it comes to security and trust, eToro is authorized and regulated by several tier-one bodies – including the Australian Securities and Investments Commission (ASIC). Additional licensing comes from the FCA (UK) and the SEC (US).

This means that you can buy, sell, and trade crypto assets without needing to worry about the legitimacy of the platform. To get started with an eToro crypto account, you simply need to register some personal details and upload some ID. After that, you can instantly deposit funds with an Australian debit/credit card, or an e-wallet like Paypal.

You can also deposit funds via a bank transfer. All supported deposit methods attract a small fee of just 0.5% and the minimum funding requirement stands at $50. In terms of supported markets, eToro is home to dozens of crypto assets – which covers everything from Bitcoin, AAVE, Dogecoin, and Ethereum to XRP, Litecoin, Cardano, and Shiba Inu.

Moreover, you can also access leveraged CFDs, which are inclusive of crypto-cross pairs like BTC/ETH. To diversify even further, you might even consider the 3,000+ commission-free stocks and ETFs hosted by eToro. When it comes to crypto trading fees, this stands at just 1% per slide, plus the market spread.

We also like the eToro copy trading feature. This enables you to choose from thousands of experienced crypto investors that use the eToro platform, and then elect to copy their trades like-for-like. The minimum investment requirement when engaging with the copy trading tool is just $200. You can also invest in smart portfolios, which are professionally managed by the eToro team.

This includes a number of crypto-centric portfolios, which promotes a passive way of gaining exposure to the digital asset industry. We also like the free virtual portfolio offered by eToro, which allows you to trade in live market conditions but in a risk-free manner. The eToro app is also worth downloading, as this connects to your main brokerage account.

Pros

Regulated by ASIC

Super low trading fees

Offers one of the best crypto wallets in Australia

Web and mobile app platform

Supports dozens of coins

Deposit funds with a debit/credit card, e-wallet, or bank transfer

Copy Trading tools

Cons

Advanced traders might find the platform a bit basic

2. Crypto.com – Beginner-Friendly Crypto Exchange with Numerous Useful Features

crypto.com logoAnother of the best crypto exchanges in Australia to consider is Crypto.com. Regular traders may already know of Crypto.com, as the platform has grown exponentially in the past 18 months, now boasting over 10 million registered users. Crypto.com is known for its user-friendly trading experience, allowing clients to invest in over 250 different cryptos.

Clients can opt to trade on the Crypto.com exchange or through the mobile app. The former is more suited to advanced traders and features a maker/taker pricing structure, equating to 0.4% on either side of the trade. Notably, users who own CRO (Crypto.com’s native token) can choose to pay these charges using this digital currency, resulting in a 10% discount on trading fees.

Beginner users may feel more comfortable using the dedicated Crypto.com app, available on iOS and Android. The app acts as the central hub for the Crypto.com trading experience and allows users to buy cryptocurrency instantly using a credit or debit card. This approach is usually accompanied by a fee of up to 4%; however, this fee is waived for the first 30 days of trading.

If you’re into crypto staking then you’ll be pleased to learn that Crypto.com is one of the best crypto staking platforms in Australia.

Users can also make free AUD deposits on the app and use the funds to purchase crypto. The app also has simple price charts and real-time data, making it easy to keep tabs on price movements. Finally, Crypto.com even offers a handy crypto debit card, allowing users to spend their trading balance online or in-store as if it was AUD!

Pros

Can purchase crypto instantly using a credit or debit card

Useful crypto debit card offered

Option to trade on the exchange or mobile app

Card fees waived for the first 30 days of trading

Over 250 crypto assets to trade

Free AUD deposits

Cons

Limited educational resources

3. Capital.com – Best Bitcoin Trading Platform for Leveraged Crypto Products    

Capital.com is a regulated CFD broker that allows you to trade leveraged crypto derivatives. This means that you can place buy and sell orders with leverage of up to 1:2 – as per ASIC regulations. For instance, if you were to open a position worth $2,000 – leverage enables you to double this stake to $4,000.

Another benefit of trading crypto CFDs at Capital.com is that you will not be charged a single cent in commission. Instead, it’s only the market spread that you need to pay. Moreover, Capital.com supports both long and short positions, so you can try to profit from rising and falling crypto prices.

Capital.com is also a top option for those seeking access to a large number of supported markets. At this platform, you can trade crypto-fiat and crypto-cross markets over more than 470 pairs. This means that if you have your eye on a specific token, there is every chance that Capital.com offers a suitable market.

We also like Capital.com for its low minimum deposit requirement – which stands at just $20 when you fund your account with a debit/credit card or e-wallet. On the other hand, should you wish to transfer funds from a bank account, this requires a much higher minimum of $250. Either way, no deposit or withdrawal fees are charged by this platform.

in addition to over 470+ crypto markets, Capital.com also offers CFD stocks, indices, energies, metals, ETFs, and more. Once again, all supported CFD instruments can be traded commission-free alongside tight spreads. When it comes to the trading platform itself, Capital.com can be accessed via your standard web browser.

Alternatively, you can download the Capital.com app via the App Store or Google Play. This connects to your main Capital.com account, so seamless trading is possible no matter where you are. Finally, Capital.com stands out for its educational department, which offers a wide range of learning materials and guides.

Pros

Licensed CFD platform

0% commission and tight spreads

Minimum debit card deposit is just $20

Leverage of 1:2 offered on crypto CFDs

More than 470 crypto markets

No deposit or withdrawal fees

Cons

CFDs are complex instruments – consider the enhanced risk of loss

4. Coinbase – Top Australian Bitcoin Exchange for Beginners

coinbase logoNext up on our comparison list of the best crypto exchanges in Australia is Coinbase. Launched in 2012, this hugely popular exchange is now a publicly-traded company, with Coinbase shares listed on the NASDAQ. The exchange is heavily regulated and has a superb reputation in this space.

Beginners will appreciate the simple investment process at Coinbase, which typically requires just three steps. First, you need to open an account by providing some personal information. Second, you need to verify your identity by uploading some ID. Finally, after entering your credit or debit card details – you can then buy Bitcoin instantly.

When using a credit or debit card at this platform, fees of 3.99% apply. You can alternatively deposit funds by transferring money from your Australian bank account – which is fee-free. When the funds are credited – which can take a few business days, you will then need to pay a commission of 1.49% on your chosen crypto market.

Supported markets on the Coinbase exchange cover over 50 popular cryptocurrencies – all of which can be traded from just $2. Coinbase also offers a mobile app that doubles up as a secure wallet. This can be downloaded free of charge to your Android or iOS phone. Finally, Coinbase offers crypto staking services for those wishing to earn a yield of their digital funds.

Pros

Regluated in the US and listed on the NASDAQ

Supports 50+ coins

Accepts debit/credit cards and bank transfers

Great security features

Perfect for beginners

Cons

High payment and commission fees

Limited trading tools and features

5. Binance – Cheapest Crypto Exchange for Spot Trading

If you’re looking to actively engage in spot trading, Binance could be the best crypto exchange in Australia for you. You won’t be short of trading opportunities at this exchange, with Binance supporting over 1,000 markets. This is inclusive of both fiat-crypto and crypto-cross pairs.

Spot trading fees on this platform cost up to 0.10%, which makes Binance one of the best crypto exchanges in the market. By trading larger volumes, Binance will offer you discounted commissions. This is also the case if you hold the platform’s native token – BNB. We also like Binance for the amount of trading volume it attracts, which ensures that liquidity levels are sufficient at all times.

To fund your Binance account, opt for a fee-free PayID transfer to have the deposit processed super-fast. Crypto deposits are also an option. In addition to low fees and a huge suite of tradable markets, Binance offers crypto savings accounts. This enables you to generate interest on any digital assets that you deposit. Various yields and lock-up terms are available.

You can also engage in yield farming which again, allows you to earn interest on your idle tokens. In terms of safety, two-factor authentication is mandatory on all account login attempts.  Finally, Binance offers a mobile app that not only allows you to trade on the move – but store your crypto assets.

Pros

Hundreds of coins across 1,000+ markets

Low commissions of just 0.10% per slide

Supports fiat money deposits and withdrawals

Great tools for advanced traders

One of the largest crypto exchanges for liquidity

Cons

Not regulated by any licensing body

Has previously been hacked

6. Digital Surge – Affordable Crypto Investing Platform

Digital Surge is one of the most affordable exchanges in Australia for crypto investors. On this platform, you can deposit and withdraw fiat for free. Trading cryptocurrency costs just 0.5% per trade, and rates are discounted as low as 0.1% per trade if you trade more than $1 million AUD per month.

The platform offers trading on more than 300 cryptocurrencies and offers several key features for long-term investors, including recurring buy orders. You can easily dollar-cost average into any cryptocurrency you like, while price alerts and limit orders help you get the best possible price during periods of volatility.

Importantly, Digital Surge also has a mobile app so you can take advantage of buying opportunities on the go.

You can open a new account with Digital Surge in less than 2 minutes. The platform is regulated by ASIC and AUSTRAC and offers live chat support 7 days a week. Plus, Digital Surge offers its own crypto wallet to help you start buying and selling as quickly as possible.

Pros

Rates from 0.1% per trade

Trade 300+ cryptocurrencies

Supports recurring buy orders

Regulated by ASIC and AUSTRAC

Integrated crypto wallet

Cons

Limited technical trading tools

Doesn’t support staking

7. Swyftx – Trade 310+ Cryptos with TradingView Charts

Swyftx is a great option for active crypto traders. On this platform, you get access to advanced stop and limit order options, price alerts, and much more.

Instead of developing its own charting interface, Swyftx simply integrated with the best charting platform currently available: TradingView. You get access to hundreds of technical indicators and unbeatable customization options.

Another reason to use Swyftx for trading cryptocurrency is its pricing structure. This platform charges a fixed trading fee of 0.6%, which on its own is competitive but not outstanding. But, Swyftx offers crypto spreads as low as 0.41% for highly liquid assets like Bitcoin. While many exchanges don’t publicize their spreads, Swyftx’s spreads are among the lowest we’ve seen in Australia.

Swyftx is registered with AUSTRAC and is widely trusted in Australia. The platform offers 24/7 live chat support for customers and you can start investing with as little as $1. There are no deposit or withdrawal fees for fiat currency at Swyftx.

Pros

Extremely competitive crypto spreads

Integrated TradingView charts

API for automated trading

24/7 live chat customer support

Regulated by AUSTRAC

Cons

No instant buy option

8. CoinSpot – Simplest Australian Exchange to Instant Buy Crypto

CoinSpot is one of the best crypto exchanges for beginners in Australia. This crypto exchange enables you to set up a new account, verify your ID, and start trading in minutes. Then an instant buy feature allows you to buy and sell more than 350 popular cryptocurrencies right away.

CoinSpot charges 1% for instant buy and sell transactions, which is fairly competitive. What’s even better is that if you use CoinSpot’s spot trading platform, the fee drops to just 0.1% per trade. The spot trading market is essentially an OTC market between CoinSpot members, so just keep in mind that spreads can be somewhat high relative to other Australian crypto exchanges.

CoinSpot offers several other enticing features, including a free crypto wallet app and portfolio tracking tools. The platform also has 24/7 live chat support and doesn’t charge for POLi, PayID, or direct deposits.

CoinSpot is regulated by AUSTRAC and is one of only a few Australian exchanges certified to the ISO 27001 security standard.

Pros

Extremely easy to use

Trade 350+ cryptocurrencies

Offers instant buy or OTC trading

Regulated by AUSTRAC

24/7 live chat support

Cons

Moderately above-average trading fees


Disclaimer: this content for informational purposes only. This should not be taken as financial advice to buy, trade, or sell cryptocurrency or use any specific exchange.