In Australia, AUSTRAC oversees crypto exchanges to make sure they follow anti-money laundering (AML) and counter-terrorism financing (CTF) laws. Crypto hacks are way too common, so security should be a huge priority when picking an exchange. 2. Security – Can You Trust the Exchange with Your Money? Some of the most trusted Aussie exchanges-like CoinSpot and Swyftx-are fully compliant, so your funds and personal info are more secure. If an exchange is registered with AUSTRAC, that’s a good sign it’s following the rules. Cold Storage – This means most of the exchange’s funds are kept offline, making them much harder to hack. Two-Factor Authentication (2FA) – This adds an extra layer of security to your account.

Cryptocurrency To Trade

✅ Spreads – This is the difference between the buy and sell price. If you’re trading a lot, even small differences in fees can add up over time, so make sure you’re getting the best deal. If you’re new to crypto, a complicated exchange can be overwhelming. ✅ Deposit & Withdrawal Fees – Some exchanges charge fees for depositing or withdrawing crypto, while others don’t. Always check this before signing up. Wider spreads mean you’re paying more per trade, so an exchange with tight spreads is ideal. You want something that’s easy to navigate, with a clean interface and a good mobile app (because let’s be real, most of us – inquiry – check our crypto on our phones). 4. User Experience & Customer Support – Is It Easy to Use?

Liquidity is a fancy way of saying, “How easy is it to buy and sell without affecting the price? ” If an exchange has high liquidity, it means your orders get filled quickly, and you don’t have to worry about big price swings when making a trade. Big exchanges like Binance and Bybit have deep liquidity on popular pairs like BTC/USDT, meaning you’ll get fast execution and minimal slippage. However, just because an exchange has high liquidity for Bitcoin doesn’t mean it has good liquidity across all coins. If you’re trading less popular altcoins, you’ll want to check liquidity first.

The last thing you want is to put your money into a dodgy platform that disappears overnight.

So, you’re ready to start trading or investing in crypto, but you’re not sure which exchange to go with? First things first-you want to use a legit, regulated exchange. The last thing you want is to put your money into a dodgy platform that disappears overnight. Totally understandable-there are a ton of options out there, and picking the wrong one can cost you money (or worse, security headaches). Before you jump in, here are the main things you should consider when choosing a crypto exchange in Australia. 1. Regulation & Compliance – Is the Exchange Legit?

Customer support is also super important. A smooth experience makes a huge difference, especially if you’re trading frequently. Some exchanges (looking at you, Binance) can take forever to respond if you have an issue, while others-like CoinSpot and Swyftx-have 24/7 live chat support, which is a lifesaver if something goes wrong. Does the exchange have live chat support or just email tickets? 5. Liquidity – Can You Actually Trade Without Issues? Are there educational resources if you need help learning the ropes? Is the mobile app fast.