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Cryptocurrencies have firmly cemented their place in Australia’s financial ecosystem. Millions of Australians are actively trading and investing in digital assets, often reaping impressive rewards. If you’re thinking about entering this dynamic space, the first crucial step is to find a trustworthy app to trade and manage your assets.
However, not all crypto apps are created equal. Many are unreliable, and some may even compromise your money, data, or assets. To ensure you avoid these pitfalls, our team of experts has carefully reviewed and handpicked the best crypto apps available in Australia. The hard work is done for you—now, it’s just a matter of choosing the app that fits your needs.
In curating this list, we dedicated a significant amount of time to researching and testing various apps. Our selection is based on several key criteria, including security, reputation, fees, user experience, and the variety of supported assets. We aim to provide you with transparent, well-researched, and unbiased information, so you can make an informed decision and confidently begin your crypto journey.
List of the Best Crypto Apps in Australia
- eToro – Overall Best Crypto App in Australia
- Coinbase – Best App for Beginners in Australia
- Kraken – Best Crypto App for Advanced Traders
- Crypto.com – Most Versatile Crypto App in Australia
- Exodus – Best Crypto App Australia for Wallet Functionality
Australian Crypto Apps: Comparison Table
We’ve identified 5 crypto apps you should consider for trading and investing. This saves you the trouble of navigating unreliable or potentially fraudulent services. Now, all that’s left is choosing one from our recommendations. For simplicity, we suggest sticking to a single app to make managing your assets and portfolio easier.
Our team evaluated each option using a consistent set of criteria, ensuring an unbiased and fair comparison across the board. We recommend applying similar factors when selecting the best app for you. Below are the key criteria that guided our evaluation—use them to assess the recommended providers and choose the one that best fits your needs and preferences.
Exchanges Short Overview
While choosing the best service providers for our readers, our experts never ignore fees and assets. We don’t want you to spend a sizable chunk of your hard-earned money covering exchange fees and charges. Neither do we want to see most of your profits getting undermined by excessive costs. We aim to ensure you are trading with an affordable exchange with the right financial instruments.
Use the comparison table below to search for the best crypto exchange Australia based on fees and assets.
Best Crypto App Australia | App Type | Support Service | Price | Supported Coins | Digital Wallet |
---|---|---|---|---|---|
eToro | Centralised | 24/5 | Free | 100+ | Yes |
Coinbase | Centralised | 24/7 | Free | 200+ | Yes |
Kraken | Centralised | 24/7 | Free | 200+ | Yes |
Crypto.com | Centralised | 24/7 | Free | 350+ | Yes |
Exodus | Decentralised | 24/7 | Free | 100,000+ | Yes |
Apps Short Overview
It’s important to carefully consider the fees and costs associated with each crypto app. You don’t want to sign up for a service that eats into your profits with high expenses. Additionally, make sure the app supports your preferred digital assets to avoid frustration and wasted time.
The tables below provide a breakdown of fees and supported assets for our recommended crypto apps. Use this information to select the product that best fits your needs.
Fees
Best Crypto App Australia | Fees and Commissions | Minimum Deposit Requirement |
---|---|---|
eToro | 1% fee for buying or selling crypto | $50 |
Coinbase | From 0.05%/ 0.00% maker/taker fees | None |
Kraken | From 0.0% /0.1% maker/taker fees | $1 |
Crypto.com | From 0.0%/ 0.1% maker/taker fees | None |
Exodus | $0 | None |
Assets
Best Crypto App Australia | Bitcoin | Ethereum | Litecoin | Ripple | Tether | Solana |
---|---|---|---|---|---|---|
eToro | Yes | Yes | Yes | Yes | Yes | Yes |
Coinbase | Yes | Yes | Yes | Yes | Yes | Yes |
Kraken | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto.com | Yes | Yes | Yes | Yes | Yes | Yes |
Exodus | Yes | Yes | Yes | Yes | Yes | Yes |
Our Expert Opinion about Crypto Apps
Below, we’ve reviewed what we consider the best crypto apps in Australia. One key point to remember: our recommendations are based on tangible outcomes from extensive research. We don’t endorse brands based on hearsay or their affiliation with our site. Our focus has been to assess and evaluate every service provider thoroughly to ensure we provide factual information free from bias.
The mini-reviews that follow are rooted in first-hand experience and tailored to be as informative as possible. However, we couldn’t cover every detail in this guide—there’s simply too much to address. Instead, our experts have highlighted the most important factors. While the information here will help you make informed decisions, we strongly encourage you to conduct further research before fully committing to any app.
1. eToro – Overall Best Crypto App in Australia
We’ve ranked eToro as the best crypto app in Australia for good reasons. After evaluating and testing various apps, we can confidently say eToro is one of the most beginner-friendly platforms available out there. Its intuitive design makes it incredibly easy to navigate, offering a seamless experience for everyone—from newcomers to seasoned professionals.
While eToro’s selection of digital assets is somewhat limited compared to its competitors, it still provides access to the most popular cryptocurrencies, including Bitcoin, Ethereum, and XRP. Moreover, the eToro app connects you with a community of 30 million users, where you can gain insights, exchange ideas, or even copy the strategies of top-performing traders and investors.
What sets eToro apart from its peers is the variety of financial products it supports beyond cryptocurrencies. Users can also invest in company stocks, popular ETFs, and trade in diverse markets such as forex, indices, and commodities. This broad range of options allows you to create a well-rounded investment portfolio and manage risks effectively, all within the eToro app.
Pros
- Beginner-friendly, intuitive interface
- Users can diversify their portfolio with 6,000+ assets, including real stocks
- Top-notch educational tools and materials
- Users can copy top-performing investors and traders
- Excellent customer support service
- Ready-made investment portfolios are available
Cons
- Fewer crypto assets than its peers
- Every fiat withdrawal request is subject to a $5 fee
eToro has a transparent fee structure that is easy to understand and helps you plan accordingly. From our analysis, we discovered the following trading and non-trading eToro fees.
Trading and Non-Trading Charges | Details |
---|---|
Account Opening | $0 |
Management Fee | $0 |
From $50, depending on your jurisdiction | 0.6 |
Commission | From 0% on stocks and ETF trading |
Spreads | From 1 pip on major currency pairs |
Deposits and Withdrawals | $5 withdrawal |
Inactivity | $10 monthly |
Currency Conversion | 1.5% or 3.0%, depending on the currency or payment method |
Overnight Funding | Varies based on global market conditions |
Copy Trading | Free |
2. Coinbase – Best App for Beginners in Australia
If you joined the crypto universe recently and are looking for a beginner-friendly app, Coinbase is an excellent choice. We recommend this app because it’s specifically designed with newbies in mind. The interface is intuitive, making it easy for beginners to buy, sell, manage, and trade crypto assets. The app also provides clear prompts and instructions, simplifying every step and ensuring a smooth user experience.
For those just starting, we also recommend visiting Coinbase Learn, a platform offering a variety of resources tailored for beginners. You’ll find guides that explain how cryptocurrencies work, helping you grasp the basics and start trading or investing with confidence. The platform even offers tutorials and guides that cover the essentials of advanced trading.
Coinbase also stands out for supporting a wide range of crypto assets, offering a secure, state-of-the-art wallet, and providing users with access to professional support services. Additionally, Coinbase is known for its transparent fees and is highly rated by its users.
Pros
- Intuitive, user-friendly interface
- Extensive selection of learning resources and materials
- Low-budget beginners can start with $2
- Juicy welcome bonus
- Supports instant purchases and withdrawals
- Investors can stake and earn crypto rewards
Cons
- Higher exchange fees for low-volume traders
- Users can only trade and invest in cryptocurrencies
Coinbase doesn’t have a fixed minimum deposit requirement, which should be terrific news to people working with a limited budget. Moreover, the exchange covers transaction charges on behalf of its clients, so you don’t have to worry about additional costs while topping up your Coinbase account. To make everything better, the company allows its users to send crypto to other Coinbase users free of charge.
That said, our experts discovered numerous fees and charges while researching and evaluating Coinbase. For starters, the company charges a 0.1%C Lighting Network fee as well as variable exchange fees that depend on numerous factors, including market conditions, order size, and the involved payment method. Coinbase users who require asset recovery services are also subject to network and recovery fees.
Let’s review some of the fees and charges that you might encounter while trading with Coinbase:
Fees and Charges | Details |
---|---|
Minimum deposit | None |
Fiat deposit fees | $10 (wire), €0.15 (SEPA) |
Fiat withdrawal fees | $25 (wire), £1 (SEPA) |
Crypto transfer fee | None |
Exchange fees | From 5bps/0bps taker/maker fees |
Lightning Network fee | 0.1% |
Staking commission | From 25% |
3. Kraken – Best Crypto App for Advanced Traders
When it comes to features and functionalities tailored for advanced traders, Kraken stands out as the best choice. Founded in 2011, Kraken now serves over 10 million users, offering a robust app ideal for seasoned professionals.
One of Kraken’s biggest strengths is its access to Kraken Pro, a trading platform specifically designed for experienced traders. It comes with a highly customisable interface and delivers institutional-grade performance. Users can easily deposit and withdraw cash or crypto and steak or stake different crypto assets.
Kraken Pro also excels in security, offering advanced features to keep professional traders safe. A standout feature is the Global Security Lock (GSL), which ensures account security even if login 2FA or passwords are compromised.
Another reason we recommend Kraken Pro is its flexibility. Traders can seamlessly switch between futures, margin, and pro trading and the app makes it simple to manage trades with essential tools like IOC (Immediate or Cancel), reduce-only orders, and stop-loss/take-profit settings.
Pros
- Higher deposit and withdrawal limits for advanced traders
- The app supports futures trading
- Users can stake a wide variety of assets and earn rewards
- Advanced traders can execute enormous orders with Kraken OTC
- Investors can make instant crypto purchases with cards, ACH, etc.
- Rich learning centre and educational materials
Cons
- No phone support
- High trading fees for low-volume traders
Fees are a bone of contention with Kraken because while some praise the platform’s affordability, lenient fees are mostly available to pro users and high-volume traders. For instance, individuals with a 30-day trading volume can enjoysuper-low maker fees starting from 0.00%. On the other hand, the maker/taker fees for low-volume traders can go as high 0.25%/0.4%. We’ve outlined some of the fees that our gurus unearthed while evaluating Kraken in the table below.
Fees and Charges | Details |
---|---|
Maker/taker fees | From 0.00%/0.10% |
Margin trading fees | Between 0.01% and 0.02% |
Rollover fee | Up to 0.02% (per 4 hours) |
Instant buy fees | Yes |
Account inactivity fees | No |
Minimum deposit requirement | 0.00001 BTC |
4. Crypto.com – Most Versatile Crypto App in Australia
From our research, Crypto.com stands out as the most versatile crypto app in Australia. It offers a comprehensive ecosystem, allowing crypto enthusiasts to manage a variety of activities seamlessly. For instance, users can trade hundreds of crypto pairs on the app’s exchange, which supports both spot and margin trading. With margin trading, you can amplify your potential returns with up to 10x leverage.
We also found that Crypto.com provides several crypto trading bots. The DCA (Dollar-Cost Averaging) bot allows users to automatically trade a set amount of assets at regular intervals. There’s also a grid bot that helps implement effective grid trading strategies, and TWAP bots, which are ideal for high-volume traders aiming to reduce slippage and maximize returns on large orders.
Additionally, Crypto.com allows investors to stake their crypto for significant returns. The app also features a Crypto.com Visa Card that enables users to make crypto purchases from millions of global merchants. The best part is that users can reserve and manage their Crypto.com cards directly from the Crypto.com app.
Pros
- Stylish, user-friendly interface
- Offers loans to investors
- Users can make crypto purchases with the proprietary Visa card
- Juicy crypto staking rewards
- Traders and investors can start with $1
- Provides a robust trading platform with hundreds of supported cryptos
Cons
- Higher trading fees for low-volume traders
- Limited educational materials, especially for beginners
The Crypto.com wallet is free, so you don’t have to worry about spending your hard-earned money on subscription fees and similar charges. That said, while using this wallet, you may be subject to transaction fees, swap fees, and other costs. They often vary from time to time, so we highly encourage you to review the company’s terms and conditions and stay on top of all arising developments.
5. Exodus – Best Crypto App Australia for Wallet Functionality
The Exodus crypto app is primarily a crypto wallet. But it’s designed to offer more than your average crypto wallet. The app supports over 50 networks and allows users to swap thousands of digital assets. Additionally, you can purchase crypto with your local currency using popular payment methods like Google Play, Apple Pay, and credit/debit cards.
One of the standout features of Exodus is its versatility, offering Web3, mobile, and desktop wallets. The Web3 wallet allows users to explore the Web3 ecosystem from their computers and mobile devices, connecting to popular networks like Arbitrum, Ethereum, and Solana. Alternatively, the mobile and desktop wallets provide a wide range of functionalities, including buying/selling crypto, browsing Web3, and others.
Exodus also integrates seamlessly with the Trezor hardware wallet, providing enhanced security. On top of that, users can earn staking rewards on a variety of crypto assets, making it a powerful tool for those looking to grow their holdings.
Pros
- Intuitive, user-friendly interface design
- Dedicated web3, mobile, and desktop wallets are available
- Can integrate seamlessly with the Trevor hardware wallet
- Offers juicy crypto staking rewards
- In-app crypto swaps are supported
Cons
- Limited support channels
- Few educational resources
Crypto Trading in Australia
Crypto trading is legal in Australia. But you must be at least 18 to trade digital assets with the best crypto apps in Australia. Also, note that ASIC requires crypto platform operators to hold a proper market license before offering services in Australia. No operator is allowed to provide crypto trading without this license.
That said, crypto trading carries significant risks. It’s important for individuals to seek adequate education and learn proper risk management strategies before entering this volatile market. Be sure to also familiarize yourself with the relevant tax rules and regulations before investing or trading crypto assets.
What is Crypto Trading?
Crypto trading involves buying and selling cryptocurrencies on an exchange, with the primary goal of making a profit by speculating on price movements. The apps we’ve recommended allow crypto traders to own the underlying assets while trading. However, if you prefer not to own crypto directly, you can still profit from speculating on crypto price movements through CFD trading.
How does Crypto Trading Work?
To start trading crypto, you first need to choose a reliable app or platform. After signing up, fund your account and link it with a supported payment method, such as a credit card. From there, you can begin buying and selling cryptocurrencies—this is the core of crypto trading.
How to Choose the Best Crypto App in AU
Choosing the right crypto app is crucial. Why? Many fraudulent platforms are actively targeting Australians with the intent to steal money or crypto assets. Even some legitimate apps may suffer from issues like poor security or high insolvency risks.
To protect your assets and minimize risk, consider the following when selecting the best app for buying crypto in Australia or engaging in other crypto-related activities:
Before using a crypto app, ensure it adheres to regulations and mandates set by ASIC. It’s even better if the provider is licensed and regulated by other international authorities like the SEC or FCA, which ensures a higher level of trust and security.
Cyber criminals often target unsecured crypto apps. To safeguard your assets and personal data, choose an app with strong security measures such as biometric authentication and two-factor authentication (2FA).
Compare the trading and non-trading fees of different platforms, but don’t just go for the cheapest option. Look for a balance between cost-effectiveness, security, and credibility.
If you have specific cryptocurrencies in mind, ensure the app supports them. If not, choose one with a wide range of crypto assets to give you more trading and investment opportunities.
Find a crypto app that prioritises seamless user experiences to avoid unnecessary headaches and frustrations. The app should have an intuitive layout, easy navigation, and a clean design. If you’re a beginner, steer clear of apps with complex or cluttered interfaces.
Make sure the app supports your preferred payment methods. If not, you’ll need to set up new methods, which can delay the funding of your account.
The safest and most reliable crypto trading apps have positive online ratings and reviews. Check platforms like the App Store, Google Play, and Trustpilot for genuine feedback, but be cautious of biased or overly promotional comments.
Crypto Trading Risks
Cryptos are incredibly volatile, and their prices can change without warning. Over the years, we’ve witnessed sudden price swings triggered by factors such as unexpected news or surprising statements from influential figures like Elon Musk. Unfortunately, these rapid price movements can lead to significant losses for traders and investors.
Additionally, the regulatory landscape for cryptocurrencies is still evolving, and the market remains largely unregulated. As a result, traders are vulnerable to risks such as scam tokens and frequent rug pulls. We strongly advise our readers to fully understand these risks before making any serious commitments in the crypto market.
Pros & Cons of Crypto Trading
Our experts have compiled a list of the key pros and cons of crypto trading. Through years of experience, we’ve identified these critical factors, and we want you to be aware of them before you dive in.
Pros
- High profit potential due to crypto’s volatile nature
- Crypto markets are open and available 24/7
- Individuals can trade crypto on the go with mobile apps
- It doesn’t require a large capital to start
- Traders can profit from rising and falling market prices
Cons
- High crypto volatility can cause crippling losses
- Hackers often target crypto traders
- Regulatory uncertainties plague many cryptos
Conclusion
We’ve done all we can to help you find the best crypto apps in Australia. Now, the ball is in your court. It’s crucial to educate yourself and understand the essentials before you start trading. Skipping this step increases the likelihood of making costly mistakes. Set clear strategies and goals, and once you begin, stay disciplined and stick to your plans to avoid financial setbacks.