Australia's most trusted crypto exchanges often cited include CoinSpot, Swyftx, and Independent Reserve, praised for being AUSTRAC-registered, offering strong local support, and building large user bases, while Coinbase and Binance are also popular for different strengths like global features or beginner tools, with trust built on compliance, security, and user experience.
Coinbase Australia is the Australian version of Coinbase, one of the world's biggest and most trusted exchanges. The platform offers more than 200 different cryptocurrencies!
Both CoinSpot and Coinbase are both highly trusted cryptocurrency exchanges. However, CoinSpot is recommended for Australian investors: Lowest fees: CoinSpot's transaction fees are just 0.1% — some of the lowest in Australia!
Winner: Swyftx
Swyftx edges out Coinbase thanks to its local focus and transparent fee structure. The Brisbane-based exchange offers free AUD deposits and withdrawals via PayID, SMSF support, and a local customer service team, making it a solid choice for Aussies who want a straightforward trading experience.
Is CoinSpot or Binance better? We believe Binance is the better overall exchange thanks to its highly competitive trading fees and advanced platform. However, CoinSpot is still a solid option, especially for those looking to deposit funds using bank transfer as this option isn't available on Binance.
Under the data sharing program, CoinSpot must provide transaction data of their users to the ATO. In short, the ATO knows about your transaction history on CoinSpot. You'll know the ATO has your crypto transaction data, as it will show in the prefill report on your tax return.
These are some of the best beginner-friendly Bitcoin wallets in Australia:
Coinbase Australia is registered and enrolled with the Australian Transaction Reports and Analysis Centre (“AUSTRAC”) to provide digital currency exchange services in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (“AML/CTF Act”).
Binance: The World's Most Trusted Cryptocurrency Exchange to Buy, Trade & Invest in Crypto.
Funds on hold
You can't cash out, trade DEX assets, or send crypto purchased with these funds until the hold is lifted. The hold time can't be altered for security and fraud prevention purposes. Funds on hold are displayed in local currency, whether from cash deposits or crypto purchases.
CoinSpot has a range of security features for customers to choose from in order to keep their investments as secure as possible. Some of these features include two-factor authentication, encryption technology, and cold storage for funds not actively being traded.
Cryptocurrencies: CoinSpot's billionaire owner Russell Wilson grabs huge dividend payout.
Is CoinSpot registered with AUSTRAC? CoinSpot has been registered as a Digital Currency Exchange (DCE) with AUSTRAC since 8th May 2018. Under Australian law, all businesses providing digital currency exchange services are regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Yes, the ATO knows about your crypto. It has an extensive data-sharing program with crypto exchanges operating in Australia. In May 2024, the ATO announced it had requested personal and transaction details on 1.2 million Australian cryptocurrency users from crypto exchanges to recover unpaid taxes.
Compared to CoinSpot, Binance offers a superior alternative because of its extensive range of products and services. Australian users can deposit AUD, trade over 420 altcoins, engage in leveraged trading, earn interest on their crypto holdings, perform copy-trading, use trading bots, and even trade NFTs.
The 1% Rule in crypto (and trading generally) is a risk management strategy where you never risk more than 1% of your total trading capital on a single trade, calculated using a stop-loss to cap potential losses, protecting your account from devastating losses and allowing for consistent, long-term survival in volatile markets. For example, with a $10,000 account, the maximum loss on any one trade should be $100, achieved by sizing your position based on your entry price and stop-loss level.
Before you invest in crypto, search online for the name of the company or person and the cryptocurrency name, plus words like “review,” “scam,” or “complaint.” See what others are saying. And read more about other common investment scams.
Yes, making $100 a day in crypto is possible but requires significant capital (often $2,500+), a solid trading strategy, strict discipline, and effective risk management, as it involves high risks, especially with day trading and leverage; it's not a get-rich-quick scheme and often demands treating it seriously, like a craft, with consistent learning and market monitoring.
What is the best Bitcoin wallet in Australia? At Swyftx, we recommend both the Ledger Nano S Plus and X as the best Bitcoin wallets for Australians. If you're looking for the best Bitcoin wallet, Electrum is one of the most popular storage options when you buy Bitcoin in Australia.
[Understanding™] Why avoid Coinbase? Many investors choose to avoid Coinbase due to a combination of high fees, account restrictions, and limited customer support, which can significantly impact the overall user experience +1-805-362-6304.
You can withdraw from Coinbase in either cash (AUD, USD, etc.) to your bank account or in crypto to an external wallet or exchange. Bank withdrawals require converting your holdings to local currency first, and processing times depend on the withdrawal method.
In summary
In 2025, there are many options for Aussies looking for an easy-to-use, secure and trusted crypto exchange. Swyftx is our pick for the best crypto exchange in Australia. The platform pairs competitive trading fees with ISO27001 certification and excellent customer support renowned among the crypto community.
Cold wallets store your crypto keys offline to keep them safe from online threats, but can still be lost or stolen and take a little longer to access than a hot wallet. Institutions typically use both. Hot wallets store their daily liquidity needs, while cold wallets store significant long-term holdings.