Top 5 Australian Crypto Exchange for Secure and Convenient Trading in 2023

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Written By Saket

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In recent years, cryptocurrency has emerged as a popular alternative to traditional forms of investment, and as a result, many exchanges have been established to facilitate the trading of digital currencies. Australia, being one of the most developed countries in the world, has also seen the rise of several cryptocurrency exchanges. In this Post, we will explore the best Australian crypto exchange, their features, and what makes them unique.

1.Coinspot

Coinspot is a popular Australian crypto exchange that was founded in 2013. It is one of the oldest and most trusted exchanges in Australia, and it offers a wide range of digital currencies, including Bitcoin, Ethereum, Ripple, Litecoin, and many more. Coinspot is also known for its excellent customer support and user-friendly interface, making it an ideal choice for beginners.

One of the unique features of Coinspot is that it allows users to trade directly with other users on the platform. This peer-to-peer trading feature is known as the Coinspot Marketplace, and it enables users to buy and sell cryptocurrencies without having to go through the exchange. Additionally, Coinspot has a mobile app that enables users to trade on the go, making it a convenient option for traders who are always on the move.

Features:

  • Wide range of cryptocurrencies available for trading.
  • User-friendly interface and easy-to-navigate platform.
  • High liquidity, ensuring quick and efficient trades.
  • Advanced security features, including 2FA, SSL encryption, and cold storage for cryptocurrencies.
  • Excellent customer support available via email, phone, and live chat.
  • Mobile app available for iOS and Android devices, allowing access to the exchange on-the-go.

Cost:

  • Trading Fees: This Exchange Charge a fee of 1% for all trades. This fee is charged on both the buy and sell side of the trade.
  • Deposit and Withdrawal Fees: Coinspot does not charge any fees for deposits, but there may be fees charged by the payment provider used for the deposit. For withdrawals, Coinspot charges a flat fee for each cryptocurrency. The fee varies depending on the cryptocurrency and can be found on the Coinspot website.
  • Other Fees: Coinspot may charge fees for other services such as OTC trading, API access, and fiat withdrawals. These fees are outlined on the Coinspot website and may vary depending on the service.

2.Swyftx

Swyftx is another popular Australian crypto exchange that was founded in 2019. It is known for its low fees and high-quality trading platform, making it a popular choice among experienced traders. Swyftx offers a wide range of digital currencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more. The platform also offers advanced trading features such as stop-loss orders, limit orders, and margin trading, making it an ideal option for professional traders.

One of the unique features of Swyftx is its advanced trading tools. The platform offers real-time market data, advanced charting tools, and technical analysis indicators that enable traders to make informed trading decisions. Additionally, Swyftx has a mobile app that enables traders to trade on the go, making it a convenient option for traders who are always on the move.

Features & Cost:

  • Large range of cryptocurrencies available for trading.
  • Low trading fees of 0.6% for all trades.
  • No deposit or withdrawal fees.
  • Advanced trading features including limit orders, stop loss orders, and price alerts.
  • High liquidity for efficient trading.
  • Easy-to-use platform designed for beginners and experienced traders.
  • Advanced security features including 2FA, SSL encryption, and cold storage for cryptocurrencies.24/7 Customer Support Available Via Email & live Chats

3.Binance Australia

Binance is a global cryptocurrency exchange that was innovated in 2017. It is known for its low fees and high-quality trading platform, making it a popular choice among experienced traders. Binance Australia is a subsidiary of Binance that was launched in 2020. It offers a wide range of digital currencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more.

One of the unique features of Binance Australia is its focus on advanced trading features. The platform offers margin trading, futures trading, and options trading, making it an ideal option for professional traders. Additionally, Binance Australia has a mobile app that enables traders to trade on the go, making it a convenient option for traders who are always on the move.

Features:

  • User-friendly interface
  • Strong security measures
  • Wide range of cryptocurrencies
  • Mobile app
  • 24/7 customer support

Costs:

  • Low trading fees of 0.1% per trade
  • No deposit fees for cryptocurrency deposits
  • Withdrawal fees vary depending on the currency being withdraw

4.CoinJar


CoinJar is a Melbourne-based crypto exchange that was founded in 2013. It is known for its user-friendly interface
and low fees, making it a popular choice among beginners. CoinJar offers a wide range of digital currencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more. The platform also offers a bitcoin debit card, which enables users to spend their cryptocurrencies in the real world.

One of the unique features of CoinJar is its focus on simplicity. The platform is designed to be easy to use, and it offers a range of educational resources for beginners. Additionally, CoinJar has a mobile app that enables users to trade on the go, making it a convenient option for traders who are always on the move.

Features:

  • Easy-to-use platform for beginners and experienced traders
  • Secure digital wallet with multi-signature technology and cold storage
  • Low trading fees starting at 0.1%
  • Competitive exchange rates
  • Fast transaction processing Mobile app for iOS and Android devices

Costs:

  • Trading fees of 1% for all trades
  • 0.5% fee for credit/debit card deposits
  • Free bank transfers, but may take longer to process

5.Independent Reserve

Independent Reserve is a Sydney-based crypto exchange that was founded in 2013. It is known for its high liquidity and excellent security features, making it a popular choice among institutional investors. Independent Reserve offers a wide range of digital currencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more. The platform also offers advanced trading features such as stop-loss orders, limit orders, and margin trading, making it an ideal option for professional traders.

One of the unique features of Independent Reserve is its focus on security. The platform uses multi-factor authentication, cold storage, and regular security audits to ensure that user funds are always safe. Additionally, Independent Reserve has a mobile app that enables traders to trade on the go, making it a convenient option for traders who are always on the move.

Features:

  • Security: Independent Reserve takes security seriously and offers features such as two-factor authentication, SSL encryption, and cold storage wallets to protect users’ funds.
  • User-Friendliness: The platform is user-friendly, with a simple and intuitive interface that allows users to easily navigate through the platform and complete transactions.
  • Liquidity: Independent Reserve has high liquidity, which means that users can quickly buy and sell cryptocurrencies without significant price slippage.
  • Trading Tools: The platform offers a range of trading tools to help users make informed decisions. These tools include price charts, technical analysis tools, and order types such as limit orders and stop-loss orders.
  • Customer Support: Independent Reserve provides customer support via email, phone, and live chat to assist users with any issues they may encounter

Cost:

  • Trading Fees: Independent Reserve charges a trading fee that ranges from 0.5% to 0.1%, depending on the user’s trading volume.
  • Deposit and Withdrawal Fees: Independent Reserve does not charge any deposit fees, but there are fees for withdrawing funds from the platform. This fee varies depending on the withdrawal of cryptocurrency
  • Spread: Independent Reserve has a narrow spread, which means that the difference between the buy and sell prices of cryptocurrencies is relatively small.
  • Inactivity Fees: There are no inactivity fees associated with using Independent Reserve.
  • Margin Trading Fees: Independent Reserve does not currently offer margin trading.
Exchange NameWebsite Link
CoinspotLINK
SwyftxLINK
Binance Australia LINK
CoinjarLINK
Independent ReserveLINK

In conclusion,

there are several high-quality crypto exchange in Australia that offer a range of digital currencies and trading features. Coinspot is an ideal option for beginners, while Swyftx and Independent Reserve are popular among experienced traders. Binance Australia are ideal for professional traders who are looking for advanced trading features. Finally, CoinJar is a popular option for those who are looking for a simple and user-friendly platform. Regardless of your trading experience or requirements, there is an Australian crypto exchange that is perfect for you

FAQ :

Q. Which crypto exchange is best in Australia?

Answer: Swyftx is a popular and reliable option with a user-friendly platform, extensive cryptocurrency options, and competitive fees.

Q. Which crypto exchange is legal in Australia?

Answer: Some examples of cryptocurrency exchanges that are registered with AUSTRAC and operate legally in Australia include Swyftx, Binance, Coinspot, Independent Reserve, and BTC Markets.

Q. Which is the biggest crypto exchange?

Answer : As of April 2023, the biggest cryptocurrency exchange in the world in terms of trading volume is Binance.

Binance is a global cryptocurrency exchange that was founded in China in 2017, and it has since expanded to serve users in over 180 countries. The exchange offers a wide range of cryptocurrencies for trading, as well as various trading pairs and advanced trading tools for experienced traders.

Q: What is the safest crypto platform in Australia?

Answer : Independent Reserve is an Australian-based cryptocurrency exchange that has been operating since 2013. It has a reputation for being a highly secure platform, with 95% of all user funds held in cold storage to prevent them from being accessed by hackers. Moreover, the exchange has implemented two-factor authentication, SSL encryption, and regular security audits to ensure the safety of its users’ funds and personal information.

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