5 Cheapest Crypto Exchanges in Australia 2025: Uncover the Best Low-Fee Platforms

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 Finding the cheapest crypto exchange in Australia is essential for traders who want to maximize profits while keeping fees low. With so many platforms available, it’s important to compare trading fees, deposit costs, and withdrawal charges to choose the best option.

This guide explores the most affordable cryptocurrency exchanges in Australia, helping you trade with minimal costs. Whether you're a beginner or an advanced trader, here’s everything you need to know about low-fee crypto trading in 2025.

What Makes a Crypto Exchange the Cheapest?

Before diving into the cheapest crypto exchange in Australia, it's important to understand what makes an exchange "cheap." While trading fees are the most obvious factor, there are several other hidden costs that can impact your overall expenses.

• Deposit Fees: Some platforms charge a percentage or flat fee for adding funds to your account.
• Withdrawal Fees: If you need to cash out in AUD or withdraw crypto to an external wallet, withdrawal charges can add up.
• Spread Costs: Exchanges often include a hidden cost in the difference between the buying and selling price of crypto.
• Trading Volume Discounts: Some platforms offer lower fees based on your 30-day trading volume.
• Fee Discounts with Tokens: Platforms like Binance allow users to reduce fees by holding and using BNB tokens.

When considering the best low-fee platform, you should evaluate all of these factors, not just the headline trading fees.

Key Factors to Consider When Choosing a Low-Fee Crypto Exchange

Before jumping into the list of the most affordable crypto exchanges, here are some key factors to consider:

• Trading Fees – Most exchanges charge a percentage per trade, usually between 0.1% and 1%.
• Deposit & Withdrawal Fees – Some platforms charge for fiat or crypto deposits and withdrawals.
• Spread Costs – Hidden fees can come from wide bid-ask spreads, so it's important to compare real trading costs.
• Supported Cryptocurrencies – If you’re looking to trade specific altcoins, ensure the exchange supports them.
• Security & Regulation – Choose a platform that complies with AUSTRAC regulations and has strong security measures.

Top 5 Cheapest Crypto Exchanges in Australia

1. Binance Australia – Best for Low Trading Fees

• Trading Fees: 0.1% (Spot), 0.075% (With BNB Discount)
• Deposit Fees: Free (Bank Transfer & PayID)
• Withdrawal Fees: $0 for AUD bank transfers
• Supported Coins: 350+ cryptocurrencies
• Why It’s Cheap: Binance offers some of the lowest trading fees in the industry, and deposits via PayID or bank transfer are free.

2. Swyftx – Best for Beginners with Low Fees

• Trading Fees: 0.6%
• Deposit Fees: Free (Bank Transfer, PayID, POLi, OSKO)
• Withdrawal Fees: Free for AUD, crypto varies
• Supported Coins: 300+ cryptocurrencies
• Why It’s Cheap: Unlike some exchanges with hidden spreads, Swyftx provides transparent fees and offers a user-friendly interface.

3. Kraken – Best for Advanced Traders

• Trading Fees: 0.16% (Maker), 0.26% (Taker)
• Deposit Fees: Free for AUD deposits via bank transfer
• Withdrawal Fees: Free for AUD bank transfers
• Supported Coins: 220+ cryptocurrencies
• Why It’s Cheap: Kraken offers lower fees for high-volume traders, making it ideal for professionals.

4. CoinSpot – Best for Instant Buy & Sell with Low Spreads

• Trading Fees: 0.1% for Market Orders, 1% for Instant Buy/Sell
• Deposit Fees: Free (Bank Transfer, PayID, POLi, OSKO), 2.5% for Card Deposits
• Withdrawal Fees: Free for AUD bank withdrawals
• Supported Coins: 370+ cryptocurrencies
• Why It’s Cheap: CoinSpot's market order fees are among the lowest in Australia, but instant buys can be expensive.

5. Bybit – Best for Derivatives & Zero-Fee Deposits

• Trading Fees: 0.1% Spot, -0.025% Maker / 0.075% Taker for Futures
• Deposit Fees: Free for crypto & AUD
• Withdrawal Fees: Varies by crypto, no AUD withdrawal
• Supported Coins: 250+ cryptocurrencies
• Why It’s Cheap: Bybit offers negative maker fees on futures, meaning you can actually earn rebates on trades.

Which Crypto Exchange Has the Lowest Fees in Australia?

If you’re looking for the absolute cheapest exchange, here’s a breakdown of the best options based on different needs:

Exchange	Trading Fees	Deposit Fees	Withdrawal Fees	Spread	Best For
Binance	0.1% (0.075% with BNB)	Free (Bank Transfer)	Free (AUD)	Low	Best for Low Fees
Swyftx	0.6%	Free (Bank, PayID)	Free (AUD)	Medium	Best for Beginners
Kraken	0.16% – 0.26%	Free (Bank Transfer)	Free (AUD)	Low	Best for Advanced Traders
CoinSpot	0.1% (Market Orders), 1% (Instant Buy)	Free (Bank, PayID)	Free (AUD)	Medium	Best for Instant Buys
Bybit	0.1% Spot, -0.025% Maker (Futures)	Free	Varies	Low	Best for Derivatives

Looking for the best mobile platforms to buy crypto? Check out our guide on the Best Apps for Buying Cryptocurrency: Top Picks for 2025 for a detailed breakdown of the top-rated apps for trading on the go.

Security & Regulation: Why Cheap Doesn’t Always Mean Safe

Low trading fees are great, but security should never be compromised. In Australia, crypto exchanges must be registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) to comply with anti-money laundering laws.

AUSTRAC Registration List for Crypto Exchanges:

ASIC Guidelines on Crypto Investing:

Some of the most secure crypto exchanges in Australia include:

• Binance Australia – Secure cold storage & two-factor authentication (2FA).
• CoinSpot – One of the only exchanges with ISO 27001 certification for security.
• Kraken – Uses advanced encryption and cold storage for customer funds.

When choosing a cheapest crypto exchange in Australia, always check for security measures like two-factor authentication (2FA), insurance policies, and history of hacks before depositing funds.

How to Minimize Fees When Trading Crypto in Australia

Even on the cheapest crypto exchanges in Australia, there are a few ways to reduce trading costs further:

• Use Market Orders – Market orders often have lower fees than instant buys.
• Trade in High Volume – Some platforms offer lower fees for high-volume traders.
• Use Fee Discounts – Binance users can reduce fees by paying with BNB tokens.
• Avoid Credit Card Deposits – These often have higher fees compared to bank transfers or PayID.
• Withdraw in AUD – Crypto withdrawals can be costly, so it's often cheaper to withdraw AUD instead.

Hidden Fees to Watch Out For

When choosing the cheapest crypto exchange in Australia, it's important to consider hidden fees.

1. Inactivity Fees: Some exchanges charge a fee if you don’t trade for a certain period.
2. Network Fees for Crypto Withdrawals: When withdrawing Bitcoin, Ethereum, or other assets, blockchain network fees apply.
3. Conversion Fees: If you deposit or withdraw AUD and it gets converted, extra fees may apply.
4. Slippage Costs: When trading low-liquidity pairs, price movement can impact execution prices.

Conclusion

If you’re looking for the cheapest crypto exchange in Australia, Binance and Swyftx are the best choices for low trading fees. CoinSpot is a great option for beginners who prefer instant buys, while Kraken and Bybit cater to experienced traders.

Before choosing an exchange, consider factors like security, supported cryptocurrencies, and overall trading experience—not just fees.

Do you use any of these exchanges? Share your experience in the comments below!

Frequently Asked Questions (FAQs) About the Cheapest Crypto Exchange in Australia

1. Which is the cheapest crypto exchange in Australia?

The cheapest crypto exchange in Australia depends on trading fees, deposit costs, and withdrawal charges. Binance offers the lowest standard trading fee of 0.1% (or 0.075% with BNB discount), making it one of the most affordable options. Swyftx and Kraken also provide competitive rates with free AUD deposits and withdrawals.

2. Are there any crypto exchanges with zero trading fees?

Most cryptocurrency exchanges in Australia charge a small percentage per trade. However, some platforms offer zero-fee trading promotions for specific assets or high-volume traders. Bybit offers negative maker fees (-0.025%) on futures trading, meaning users can actually earn rebates on limit orders.

3. Which Australian crypto exchange has the lowest withdrawal fees?

Binance, Swyftx, and Kraken allow free AUD withdrawals via bank transfer, making them ideal for low-cost crypto trading. However, crypto withdrawal fees vary based on the network (e.g., Bitcoin, Ethereum, or altcoins).

4. How can I trade crypto in Australia with the lowest fees?

To minimize crypto trading costs in Australia, follow these tips:

• Use market orders instead of instant buys, as market orders typically have lower fees.
• Trade on Binance with BNB tokens to get an extra discount on trading fees.
• Avoid credit card deposits, as they come with higher fees (2-4%).
• Choose free AUD withdrawal options, such as bank transfers.

5. Is Binance or Swyftx better for Australian traders?

Binance is better for experienced traders who want lower trading fees (0.1%), a wide selection of over 350 cryptocurrencies, and advanced trading tools. Swyftx, on the other hand, is great for beginners, offering an easy-to-use interface, low spreads, and transparent fees (0.6%).

6. Which crypto exchange is safest to use in Australia?

CoinSpot is one of the safest crypto exchanges in Australia, holding an ISO 27001 security certification. Binance, Kraken, and Swyftx also have strong security measures, including cold storage, two-factor authentication (2FA), and encryption to protect user funds.

7. Do I need to pay taxes on cryptocurrency trading in Australia?

Yes, the Australian Taxation Office (ATO) considers cryptocurrency as a taxable asset. If you buy, sell, or trade crypto, you may be subject to Capital Gains Tax (CGT). It’s essential to track your trades and report your gains to remain compliant with tax laws.

8. Can I buy Bitcoin with AUD on these exchanges?

Yes, all the exchanges listed – Binance, Swyftx, Kraken, CoinSpot, and Bybit – allow Bitcoin purchases with AUD via bank transfer, PayID, POLi, or debit card. Some platforms also offer instant buy options, though they may have slightly higher fees.

9. Which exchange has the best mobile app for crypto trading?

For mobile traders, Binance, Swyftx, and CoinSpot offer the best crypto trading apps in Australia. If you're looking for a detailed mobile-friendly breakdown, check out our guide on Best Apps for Buying Cryptocurrency: Top Picks for 2025.

10. What is the best low-fee exchange for trading altcoins in Australia?

If you want to trade altcoins with low fees, Binance and Bybit are the best choices. Binance supports over 350 cryptocurrencies, while Bybit offers derivatives trading with ultra-low fees. Swyftx and CoinSpot also support a wide range of altcoins but may have slightly higher trading costs.