Top 10 Bitcoin Trading Sites in Australia

By Crypto News Australia August 10, 2023

If you are new to the crypto world, you may be wondering what the best Bitcoin trading sites are in Australia. There have been an increasing number of cryptocurrency exchanges come online in recent years, but which ones are the best? In Australia, there are a variety of exchanges you could use but to help make your choice easier, here is a guide on what we think are the top 10 Bitcoin trading sites in Australia.

Before we begin, these trading sites are not a definitive list of all sites, and they are chosen based on determining factors such as site performance, security, fees, support, etc.

Must read >> Our article on The Best Crypto Exchanges for Australia, in which we go into greater detail on which exchanges might be suitable for trading bitcoin and other cryptocurrencies, deposit methods, and our top picks for beginners and advanced traders.

1. Swyftx

Swyftx is an Australian-based crypto exchange where you can buy, sell and trade 300+ crypto-assets. Swyftx is an AUSTRAC registered Australian cryptocurrency exchange and trading platform with tiny spreads, low fees and non-inflated market prices. Trade with stop losses, take profits and triggered orders on a mobile and desktop-ready modern web-based cryptocurrency exchange.

2. Binance Australia

Binance Australia is one of the most popular trading sites for Australia and worldwide. Residents of Australia are able to use the Binance website and mobile apps to trade Bitcoin with other cryptocurrencies. Many people use Binance for trading as it has a trusted reputation worldwide and low fees, high trading volume, and lots of crypto trading pairs.

3. CoinJar

CoinJar is a very well-known exchange in Australia and the reason it is so popular is due to the fact you can purchase Bitcoin via BPAY for a fee of just 1%; it’s PayID supported, Credit/Debit card supported, with 0% trading fees on CoinJar Exchange. People say that CoinJar is very easy to use as it has a clean interface, making it simpler for beginners. The platform has a good reputation and has been around for a long time (since 2013), so Aussie locals find it trustworthy. CoinJar supports AUD and GBP fiat currencies and supports up to 24 different cryptos.

4. Crypto.com

Crypto.com Exchange is provided by one of the world’s fastest-growing exchanges with over 10 million users worldwide. The exchange allows you to buy, sell and trade more than 100 cryptocurrencies via your web browser. The exchange is linked to the crypto.com mobile app so you can transfer coins from the app to the exchange for trading.

6. Zipmex

Zipmex is a regulated digital asset exchange in Australia offering high liquidity, low spreads, instant fiat deposits and withdrawals. Their platform has trading fees as low 0.2% per transaction and your digital wallet assets are also insured for up to US$100 million through BitGo.

6. Changelly

Changelly will allow you purchase Bitcoin; however, it will only let you buy it with Litecoin, Dogecoin, and other digital currencies. The benefits of using this service is that it is fast and easy to buy Bitcoins with Altcoins, also the fees are reasonable for bigger traders. The only disadvantage is that you need digital currency to purchase Bitcoins.

7. BuyaBitcoin

BuyaBitcoin is an Australian Bitcoin exchange, and you can use it to purchase Bitcoin. The pros of using this service are that your coins will be delivered within an hour; also, the only way to verify is via a mobile number, to increase security. The service is also easy to use and has very fast performance. However, many people have said that the fees (4.9%) are too high.

8. Coinmama

Coinmama is a great Bitcoin trading site as it allows customers in nearly every country to purchase Bitcoin with a debit or credit card. Coinmama is seen to be a reliable and a trusted broker, although it has some of highest fees for a credit or debit card Bitcoin broker.

9. LocalBitcoins

LocalBitcoins is a service that helps you match Bitcoin buyers and sellers, and the main payment method for purchase is cash deposit. On the other hand, users will be allowed to advertise exchanges for the payment method they prefer. LocalBitcoins allows users to purchase Bitcoins via an in-person meeting while the transaction is being facilitated and secured by LocalBitcoins. The advantage of using LocalBitcoins is that private and in-person exchanges require no personal information. However, among the disadvantages are that you have to beware of scammers and it is more difficult to purchase larger amounts of Bitcoin compared to larger exchanges.

10. Coin Loft

Coin Loft is an Australian broker enabling you to purchase Bitcoin via credit card, cash deposit, POLi, and Flexepin. Using Coin Loft can be beneficial in various ways – when you purchase Bitcoin with cash, your coins will be delivered within an hour. It also supports a wide range of payment methods and is the only Australian service that accepts Flexepin. The disadvantage is that it has rather high fees, such as a 4% fee for cash purchases and 9% cumulative fee for credit card purchases. You will also have to verify your identity even for cash payments.

11. Mycelium Local Trader

Mycelium Local Trader is similar to LocalBitcoin in that it will help you find your local Bitcoin sellers. Once it has matched you with your seller, you will then meet up in-person and begin the trade. The benefit of using this service is that there are no fees, so it is cheap and easy to purchase Bitcoins with cash. It’s also a private way to purchase Bitcoins as no personal information is required.

Think we might have missed one? Please let us know and we will add it to the list.