How to Choose the Best Crypto Exchange in Australia
If you’re a crypto investor in Australia, then you’ll want to use an exchange that is legit and compliant with the country’s regulations. Luckily, there are several great options to choose from, including CoinSpot and Swyftx. Other criteria you may consider include the number of trading pairs, fees and security measures.
Regulation & Compliance
First and foremost, it’s important to make sure that the crypto exchange you choose is regulated by AUSTRAC and adheres to anti-money laundering (AML) and counter-terrorism financing (CTF) laws. The best Australian crypto exchanges like CoinSpot and Swyftx are fully compliant, so you can be confident that your funds and personal information are safe with them.
Other criteria to consider are the number of supported coins and trading pairs, fees, and customer support. For example, Investor Centre is an excellent choice for beginners with a user-friendly website that works on desktop and mobile devices, plus it offers low fees of 0.5% and extremely tight spreads. It’s also free to deposit and withdraw AUD, which is a big plus in our book.
On the other hand, Zoomex is a more advanced Australian crypto exchange that was recently registered with AUSTRAC and has some pretty cool features. For instance, it offers both centralized and decentralized trading. Its centralized exchange (CEX) shares liquidity with top-3 global exchanges, resulting in ultra-tight spreads and minimal slippage. On the other hand, its decentralized platform gives traders greater control over their assets.