The Best Australian Crypto Apps For Every Trading Level And Style

Cryptocurrency is becoming more and more popular throughout Australia. According to Finder's survey, Australia has the third-largest ownership rate at 17.8%, topping Indonesia at 16.7% and Hong Kong at 15.8%. Additionally, data from eToro revealed that more than a quarter of Australian investors have a minimum of 10% of their funds invested in cryptocurrency. 

This has led to the establishment of numerous crypto exchanges, making it challenging to find a trustworthy crypto exchange in Australia. One way of determining authentic ones is by evaluating their apps. That said, here are the best Australian crypto apps for every trading level and style: 

1. Swyftx

This is one of the most trusted and popular crypto apps in Australia. Swyftx has a user-friendly interface and a demo mode, perfect if you haven't yet mastered your way around trading crypto. This way, you can familiarize yourself with the trading dynamics before investing in real money.

In addition, Swyftx provides you with AUD$10,000 artificial currency you can use to practice with different crypto coins. Besides that, it supports many cryptocurrencies that are plenty for both beginners and pros. On top of this, Swyftx does not charge a fee for deposits and withdrawals, except for a 0.6% fee for trading. You may also receive a discount if you trade in high volumes.

Furthermore, this app has vast and superior security measures like breached password detection and biometric authentication. This gives you peace of mind knowing that your funds are safe while you trade and invest. 

2. Binance

Binance is among the top crypto exchanges in Australia, with a large trading volume. In 2021, it had more than AUD$600 million in daily trading volume. Moreover, it has an app that has attracted millions of Aussies due to its low trading fees of only 0.1%, making it suitable for both amateurs and expert traders. 

When you register into the app, it automatically sets to Binance Lite. This is an easier version to use, perfect for beginners. Eventually, as you advance, you can switch to Binance Pro using a toggle in the menu. You'll find this version more interesting as it has more advanced features.

Another great thing that makes the Binance app rank highly in Australia is that you can trade more than 600 coins. Additionally, it provides real-time price tracking. With this, you can stay updated with all the crypto you hold and continuously assess those you follow. It enables you to make a more enlightened decision in your next move.  

3. CoinSpot

CoinSpot app is well known in Australia for its top-notch security. It's the only crypto app International Organization for Standardization (ISO) certified for information security, making it one of the safest apps in the country. It supports numerous deposit options, including BPAY, PayID, and POLi. In addition, there are no deposit or withdrawal limits for any cryptocurrencies when using this app.

You can download the app on any mobile device. It provides a seamless way of viewing and making transactions, checking the daily top performers, and sending and receiving crypto safely through your wallets. What's more, you receive 24/7 customer support and relatively low fees of only 0.1%.

The only disadvantage of CoinSpot is that it only supports 15 crypto coins, which might seem limited for many traders.

4. Digital Surge

Another excellent Australian crypto app is the Digital Surge app. Most Aussies opt for this app because it has extremely low spreads of approximately 0.21%. Crypto spread is the difference between the maximum bid price and minimum ask cost on an exchange's order book. This means that the smaller the spread, the less transaction fees you incur on each trade, and the more profit you get. 

Secondly, you don't need to convert your money from fiat currency to crypto coins. Such exchanges lead to some losses if the forex rate isn't favorable. Fortunately, Digital Surge enables you to sign in and trade using the capital in your bank account.   

5. Coinbase

Coinbase app offers over 90 cryptos. The minimum amount you need to purchase crypto on this app is AUD$2, and the trading fees range from 0.5% to 4.5%. It's among the apps known to have the cleanest user interfaces. You can see all your holdings and daily activities in the home tab.

Additionally, if you're creating an account for the first time with this app, you can quickly sign up and affirm your identity within the same day. This enables you to start trading as soon as possible, which can be vital if you're in a hurry to capitalize on market spikes.  

6. Coin Jar

The Coin Jar app has an interactive interface that's well organized and allows you to view all the essential tools and features from the home page. You can observe all your running trades and examine what's happening in the market from a single spot. 

Another reason why Coin Jar is among the best Australian crypto apps is that you can instantly buy crypto. When you open the app, you’ll see the Buy/Sell button. Clicking this to reveal a list of recent market prices, enabling you to choose your best coin.

However, given the advantages, there’s one disadvantage of this app and that is its high trading fees of 1%.

7. eToro app

One thing that makes eToro one of the most outstanding apps is its copy trading feature. It allows you to identify and follow what successful investors do. You can use this strategy whether you're a newbie or expert. As long as you're following a profitable investor, you enjoy similar returns without bothering with market analysis. Moreover, a demo account is available, and you can practice trading with AUD$100,000 virtual money. 

 eToro has no minimum balance requirements; however, you may have to pay an inactivity fee of AUD$10 per month if your account has been inactive for more than a year. In addition to that, it offers premium security. Most of its funds are held in cold storage to lower the possibility of lost money due to hacks or operational errors. 

Conclusion