What's the best crypto exchange in Australia?

The best exchange depends on your needs. Coinbase and Kraken are popular for beginners due to their user-friendly interfaces and strong security. Bitget and Binance offer lower fees for experienced traders. We recommend comparing rates across multiple platforms.

Do I need to pay taxes on crypto in Australia?

Yes, the Australian Taxation Office (ATO) treats cryptocurrency as property for capital gains tax purposes. You need to report capital gains or losses when you sell, trade, or spend crypto.

Is it safe to buy crypto in Australia?

Yes, buying crypto in Australia is safe when you use regulated exchanges. Legitimate platforms must register with AUSTRAC and comply with ASIC regulations. Choose exchanges with two-factor authentication and cold storage.

Can I use PayID/OSKO to buy crypto?

Yes! PayID and OSKO are popular payment methods for buying crypto in Australia. Most major Australian exchanges support instant bank transfers via PayID with lower fees than credit cards.

What fees should I expect when buying crypto?

Fees vary by exchange and payment method. Typical costs include trading fees (0.1%–2%), deposit fees (free for PayID/OSKO, 3–4% for credit cards), and network fees for withdrawals. Compare total costs across platforms.

What's the cheapest way to buy Bitcoin in Australia?

The cheapest way is to use a low-fee exchange with PayID or OSKO deposits. Exchanges like Kraken and Independent Reserve typically have the lowest trading fees. Avoid credit cards as they charge 3–4% fees.

Exchange	Fees	Payment Methods	Est. Return
Binance	0.1-3.5%	PayID, Bank Transfer, Card	0.001020 BTC Best Return
Kraken	0.26-1.5%	Bank Transfer, PayID	0.001018 BTC -0.000002 BTC
Bitget	0.1-2%	Bank Transfer, Card	0.001016 BTC -0.000004 BTC
MoonPay	3.5-4.5%	Credit Card, Debit Card, Bank Transfer	0.001016 BTC -0.000004 BTC
OKX	0.08-0.15%	Bank Transfer, PayID	0.001016 BTC -0.000004 BTC
Crypto.com	0.4-2.99%	Credit Card, Debit Card, Bank Transfer	0.001016 BTC -0.000004 BTC
CoinSpot	0.1-1%	PayID, OSKO, Bank Transfer, BPAY	0.001016 BTC -0.000004 BTC
Bybit	0.1-0.6%	Bank Transfer, PayID	0.001016 BTC -0.000004 BTC
Uniswap	0.05-1%	Crypto only (DEX)	0.001016 BTC -0.000004 BTC
Independent Reserve	0.5-1%	PayID, OSKO, Bank Transfer, POLi	0.001016 BTC -0.000004 BTC
Bitcoin.com.au	0.5-2%	PayID, OSKO, Bank Transfer, BPAY	0.001016 BTC -0.000004 BTC
Coinbase	0.5-3.99%	PayID, OSKO, Bank Transfer	0.001005 BTC -0.000014 BTC

Payment Method	Speed	Fees	Limits	Description
PayID/OSKO	Instant	Free	$100 – $50,000/day	Most popular in Australia. Instant bank transfers with no fees on most exchanges.
Credit Card	Instant	2.5% – 3.99%	$50 – $20,000	Instant purchases but higher fees. Good for small, quick buys.
Wire Transfer	1–3 business days	$0 – $25	$500 – $500,000+	Best for large purchases. Lower percentage fees but slower processing.

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Fast Facts About Buying Crypto in Australia

ID verification (KYC) required before buying

60+ exchanges operate in Australia

PayID/OSKO are most popular

ATO requires reporting crypto gains

Bitcoin and Ethereum most popular

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