AUSTRAC Updates Crypto Regulations
Australian Transaction Reports and Analysis Centre introduces new guidelines for crypto platforms.
Read moreBest Crypto Banking Services in Australia
Compare AUSTRAC-registered crypto platforms with AUD support and advanced trading features.
Top Australian Crypto Banks Comparison
| Provider | Rating | Key Features | Trading Fees | Currencies | |
|---|---|---|---|---|---|
 Independent Reserve
Top Pick
| 4.7 |
| 0.50% /trade | 30+ coins | Visit Site |
| CoinJar | 4.6 |
| 1.00% /trade | 40+ coins | Visit Site |
| Swyftx | 4.5 |
| 0.60% /trade | 270+ coins | Visit Site |
| Digital Surge | 4.5 |
| 0.50% /trade | 200+ coins | Visit Site |
| BTC Markets | 4.4 |
| 0.85% /trade | 15+ coins | Visit Site |
| Binance Australia | 4.4 |
| 0.10% /trade | 350+ coins | Visit Site |
| CoinSpot | 4.3 |
| 1.00% /trade | 300+ coins | Visit Site |
| Kraken Australia | 4.3 |
| 0.26% /trade | 120+ coins | Visit Site |
| Crypto.com Australia | 4.2 |
| 0.40% /trade | 250+ coins | Visit Site |
| Bitaroo | 4.2 |
| 0.45% /trade | 1+ coins | Visit Site |
Independent Reserve
Top Pick
4.7
Key Features
- AUSTRAC Regulated
- AUD Trading
- Corporate OTC
Trading Fees
0.50%/trade
Currencies
30+ coins
CoinJar
4.6
Key Features
- Digital Currency Card
- Instant AUD Deposits
- Mobile App
Trading Fees
1.00%/trade
Currencies
40+ coins
Swyftx
4.5
Key Features
- Demo Trading
- Advanced Charts
- 24/7 Support
Trading Fees
0.60%/trade
Currencies
270+ coins
Digital Surge
4.5
Key Features
- PayID Support
- Low Fees
- Easy Platform
Trading Fees
0.50%/trade
Currencies
200+ coins
BTC Markets
4.4
Key Features
- Australian Owned
- OTC Trading
- API Access
Trading Fees
0.85%/trade
Currencies
15+ coins
Binance Australia
4.4
Key Features
- High Liquidity
- P2P Trading
- Staking
Trading Fees
0.10%/trade
Currencies
350+ coins
CoinSpot
4.3
Key Features
- Instant Buy/Sell
- Multi-coin Wallet
- NFT Market
Trading Fees
1.00%/trade
Currencies
300+ coins
Kraken Australia
4.3
Key Features
- Professional Platform
- Margin Trading
- OTC
Trading Fees
0.26%/trade
Currencies
120+ coins
Crypto.com Australia
4.2
Key Features
- Visa Cards
- DeFi Wallet
- Earn Platform
Trading Fees
0.40%/trade
Currencies
250+ coins
Bitaroo
4.2
Key Features
- Bitcoin Only
- Lightning Network
- Low Fees
Trading Fees
0.45%/trade
Currencies
1+ coins
Latest Australia Crypto Banking News
Major Australian Banks Embrace Crypto
Leading Australian banks announce plans to offer cryptocurrency services to retail customers.
Read moreWhy Choose an Australian Crypto Platform?
AUSTRAC Regulation
Licensed and regulated by the Australian Transaction Reports and Analysis Centre.
AUD Support
Direct AUD deposits and withdrawals through local payment methods.
Local Support
Australian-based customer support and local banking integration.
Expert Reviews
Independent Reserve
4.7/5
Independent Reserve offers a professional trading platform with excellent AUSTRAC compliance and comprehensive AUD support. Their OTC desk and corporate services make them particularly attractive for institutional clients.
Pros
- Strong regulatory compliance
- Professional trading features
- Excellent customer support
Cons
- Higher fees for small trades
- Limited altcoin selection
Reviewed by Michael Wilson on January 10, 2024
Australia Crypto Banking FAQ
Are crypto platforms regulated in Australia?
Yes, crypto platforms in Australia must register with AUSTRAC and comply with AML/CTF regulations.
What payment methods are available?
Australian crypto platforms typically support PayID, NPP, BPAY, and traditional bank transfers.
How are crypto gains taxed in Australia?
Crypto gains in Australia are subject to Capital Gains Tax (CGT) and must be reported to the ATO.