Swyftx is committed to providing up to date and accurate information of cryptocurrency Exchanges that operate within Australia. This comparison table is aimed to be updated monthly at best effort.

The information displayed on our fees table was collated using the following methods and gathered as per the Last Table Update Date: 5th March 2021

Headquartered Location

BTC Markets & Coinspot have their customer base from Australia. CoinJar operate within AU and UK with two office locations, however their linked states Australia as their primary location https://au.linkedin.com/company/coinjar.

Coinbase are a US company from San Francisco https://www.linkedin.com/company/coinbase.

Independent Reserve main location in Linked is stated to be Sydney, Australia https://au.linkedin.com/company/independent-reserve 

Binance have stated they have no Headquarters, however based on this article it is suggested to be be within Asia or Malta https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/?sh=7fc76d432a92 

Credit & Debit Card Deposits

This was taken from each trade platform initially signing up and trying to do a deposit and looking through the available deposit options.

Maximum Trading Fees

Trading fees displayed on the table show the maximum trading fee of each listed exchange. This fee information was taken from each exchange’s respective website as shown below:

BTC Marketshttps://www.btcmarkets.net/fees
Coinspothttps://www.coinspot.com.au/fees
Independent Reservehttps://www.independentreserve.com/help/fees
CoinJarhttps://support.coinjar.com/hc/en-us/articles/360000826626-CoinJar-Exchange-trading-rates 
Coinbasehttps://help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees
Binancehttps://www.binance.com/en/fee/schedule

Fully Verified Daily Deposit Limits

Daily Deposit limits refer to the max daily deposit limit of customers who have completed the maximum level of verification on said platform. Daily deposit limit information was taken from the following pages/resources.

CoinbaseNavigate to >Trading Platform > Accounts Page >Limits
CoinSpothttps://coinspot.zendesk.com/hc/en-us/articles/115005378707-How-do-I-get-my-AUD-deposit-limit-raised-
BTC MarketsNavigate to > Account Transaction Daily Limits
CoinjarNavigate to >Accounts > Limit section
Independent Reservehttps://www.independentreserve.com/help/faq
Binancehttps://www.binancde.com/en-AU/support/faq/d6f39576381b4159bde8264ce960611e-How-to-verify-your-account-to-start-depositing-AUD

Demo Account

The only platform that supports having a Demo Mode within the platform is Swyftx.

Crypto Assets

The quantity of assets listed on each exchange were gathered on each exchange’s respective website and taken from https://www.finder.com.au/cryptocurrency.

Coinbase asset count was taken from CoinGecko via their ‘markets’ section.

Australian Live Chat

The only platforms that have LiveChat in the fee list are Swyftx, Coinspot and Binance. However, Binance has no live chat agents based within Australia.

TrustPilot Reviews

Trust Pilot Reviews were gathered from the Trust Pilot website and information copied directly from the company’s respective pages.

Instant AUD and Withdrawals

Withdrawals have the option to be instant when taking money off of the exchange.

Coinbase do not allow you to withdraw FIAT out of their platform, only deposit via Credit/Debit Card.

Fiat Pairs for All Coins

Stating that all assets available on the platform have a pairing to a FIAT currency such as AUD,USD,NZD e.t.c

Full Feature Matched Mobile App

A “Full Featured matched Mobile App” implies that all trading features that are available on the Desktop application are also available on the mobile application.

Bundles Feature

The only platforms that offer a Bundle Feature are Swyftx, CoinSpot, CoinBase and CoinJar. This information was gathered from each platform’s respective website below.

CoinSpothttps://www.coinspot.com.au/bundles
Coin Basehttps://help.coinbase.com/en/coinbase/getting-started/crypto-education/coinbase-bundles-faq
Coinjarhttps://www.coinjar.com/au/bundles

Recurring Orders

All platforms offer a Recurring Order Feature, as detailed on each platforms respective website listed below.

Coinbasehttps://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-can-i-create-or-cancel-a-recurring-transaction
CoinSpothttps://coinspot.zendesk.com/hc/en-us/articles/360001437375-How-do-I-set-up-a-recurring-buy-
BTC Marketshttps://support.btcmarkets.net/hc/en-us/articles/360051830894-Recurring-transactions-now-available-
Coinjarhttps://support.coinjar.com/hc/en-us/articles/900003936846-CoinJar-Bundles-and-Recurring-Buys
Independent Reservehttps://blog.independentreserve.com/knowledge-base/how-does-the-autobuy-strategy-work
Binancehttps://support.binance.us/hc/en-us/articles/360048887794-How-to-Set-Recurring-Buys

Written by Katya

Written by Katya

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