The "best" Australian Bitcoin app depends on your needs as an investor, whether you prioritize ease of use, low fees, or advanced features. Top contenders in Australia include Swyftx (best for beginners), Kraken (best overall/low fees), and CoinSpot (best local exchange/security).
Best crypto exchanges in Australia for 2026
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!
In Australia, Swyftx, CoinSpot, and Independent Reserve are probably the most popular for buying BTC, all AUSTRAC-registered, easy to use, and with local bank transfers. CoinJar's another solid option if you prefer a cleaner mobile experience.
Best Crypto Exchanges and Apps for January 2026
Investing $1,000 in Bitcoin five years ago (around late August 2020) would have yielded significant returns, turning your investment into roughly $9,000 to over $10,000, potentially even higher depending on the exact date, due to Bitcoin's substantial growth, despite periods of sharp volatility like the late 2022 downturn.
The BuyUcoin Android App is the best cryptocurrency exchange app, with over 500,000 verified users, allowing a secure and easy way to store, buy and sell cryptocurrencies in INR or fiat currency, like Bitcoin (BTC), Polkadot (DOT), Chainlink (LINK), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), USDT ...
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.
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.
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).
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”).
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.
These are the best crypto wallets in Australia:
The dream of making ₹10,000 or $100 per day trading crypto can be a reality, but only for those who treat it like a craft, not a gold rush. A small, consistent gain compounded is more powerful than a rare jackpot loss. This game rewards risk control, clarity, and time in the market, not time staring at charts in fear.
7 Ways to Avoid Crypto Tax in Australia
All crypto transactions, no matter the amount, must be reported to the IRS. This includes sales, trades, and income from staking, mining, or airdrops. Transactions under $600 may not trigger Form 1099-MISC from exchanges, but they are still taxable and must be included on your return.
Exchanges typically use one of two methods to verify wallet ownership:
If you had invested $1,000 in Bitcoin five years ago (around mid-2020), your investment would have grown significantly, potentially turning into anywhere from roughly $9,000 to over $14,000 by late 2024/early 2025, representing huge returns, though it wouldn't have been a smooth ride due to Bitcoin's volatility and price swings. The exact value depends on the specific date you invested, as Bitcoin's price fluctuates, but holding it through its major bull runs and pullbacks would have yielded substantial profits.
The ATO could even have your crypto transaction data from as far back as 2014. The ATO has information you provided when signing up to Australian crypto exchanges or wallet providers. And the ATO is constantly increasing the number of sources and types of data they can legally get hold of.
On May 22, 2010, known now as "Bitcoin Pizza Day." Laszlo Hanyecz, a programmer from Florida, made history by using Bitcoin to purchase two pizzas from Papa John's. Hanyecz paid 10,000 Bitcoins for the pizzas, an amount that was worth about $41 at the time.
Coinbase. Coinbase is a great option for those new to crypto investments. With a user-friendly interface, a strong selection of coins, Coinbase Learn and an excellent track record for security and reliability, Coinbase is ideal for those looking to enter the market.
If you're holding crypto, there's no immediate gain or loss, so the crypto is not taxed. Tax is only incurred when you sell the asset, and you subsequently receive either cash or units of another cryptocurrency: At this point, you have “realized” the gains, and you have a taxable event.
The true identity of Satoshi Nakamoto remains a mystery; however, some well-known names have often been linked as possible suspects: