Day trading cryptocurrency requires speed, precision, and access to powerful tools—especially in a growing market like Australia. With volatility offering both opportunity and risk, choosing the right crypto exchange is critical for traders aiming to capitalise on short-term price movements. This guide highlights the top platforms tailored for Australian day traders, evaluated based on fees, liquidity, security, trading tools, and regulatory compliance.
Whether you're focused on altcoin momentum, copy trading, or on-chain execution, we break down what each platform offers—and what to watch out for.
🏆 Top Crypto Exchanges for Day Trading in Australia
1. Kraken Pro – Best Overall for Advanced Traders
★★★★★
Finder Score: 423
Supported Cryptocurrencies: 423
Fiat Currencies: 8
Kraken Pro stands out as the most well-rounded exchange for day traders in Australia. Recognised as the Best Overall platform in the Finder Crypto Trading Platform Awards, it excels in advanced trading features, deep liquidity, and robust security.
With over 280 USD-denominated trading pairs, Kraken provides extensive market access, making it ideal for traders who prefer stablecoin or fiat-based pairs. Its daily trading volume often exceeds $500 million, ensuring minimal slippage even during volatile conditions.
👉 Maximise your trading potential with a platform built for high-frequency strategies.
Key Features:
- Advanced order types: Stop-loss, limit, and market orders
- Built-in TradingView charts with custom indicators
- Volume-based fee discounts: Maker fees as low as 0%, taker fees from 0.1%
- 24/7 customer support and AUSTRAC-registered
Pros
- Deep liquidity across major and niche pairs
- Long-standing reputation since 2011
- Strong security and regulatory compliance
- Comprehensive charting and order execution
Cons
- Futures trading restricted to wholesale investors
Fees Overview
- Trading Fees: Maker 0–0.16%, Taker 0.1–0.26%
- Deposit Fees: Free for crypto; variable for card and bank transfers
- Withdrawal Fees: $4–$35 for FedWire; crypto fees vary by network
2. Binance – Highly Commended for High-Volume Trading
★★★★★
Finder Score: 401
Supported Cryptocurrencies: 401
Fiat Currencies: 100
Binance dominates the global crypto landscape with over 200 million users and the highest trading volume worldwide. While it no longer supports AUD bank transfers directly in Australia, its vast selection of 1,300+ trading pairs and low fees make it a top contender for serious day traders.
The platform offers automated trading bots for grid trading, dollar-cost averaging (DCA), and TWAP strategies—perfect for hands-off execution.
Key Features:
- Spot fee discount: Pay with BNB for 25% off trading fees
- Desktop app with customisable dashboards
- Advanced charting tools and real-time data feeds
Pros
- Lowest standard fees (0.011% maker, 0.023% taker)
- Largest selection of tradable assets
- High liquidity across all major pairs
Cons
- No AUD deposits via bank transfer
- Customer service ratings are mixed on Trustpilot
Fees Overview
- Trading Fees: Maker 0.011–0.10%, Taker 0.023–0.10%
- Deposit Fees: Free for crypto; card deposits incur fees
- Withdrawal Fees: Crypto-only; AUD withdrawals not supported
3. eToro – Best for Copy Trading
★★★★★
Finder Score: 130
Supported Cryptocurrencies: 130
Fiat Currencies: 27
eToro revolutionised social trading with its copy trading feature, allowing users to mirror the moves of top-performing traders automatically. With a minimum investment of $200, beginners can follow expert strategies without needing deep market knowledge.
The platform functions like a hybrid between a broker and a social network, complete with newsfeeds, trader discussions, and performance analytics.
Key Features:
- Zero additional fee for copy trading
- Demo account with $100,000 in virtual funds
- Insurance fund to protect user assets
Pros
- Beginner-friendly interface
- Strong community engagement
- Pioneering social trading model
Cons
- Limited altcoin selection compared to pure crypto exchanges
- Higher spreads and FX fees on AUD deposits
Fees Overview
- Trading Fees: Flat 1% per trade
- Deposit Fees: 2% FX fee on debit card deposits
- Withdrawal Fees: $5 minimum; up to 3% currency conversion
👉 Learn how automated trading can streamline your strategy—start with a proven platform.
4. Bybit – Best Mobile App for On-the-Go Trading
★★★★★
Finder Score: 513
Supported Cryptocurrencies: 513
Fiat Currencies: 23
Bybit delivers a seamless mobile experience with a best-in-class app that supports real-time charts, order book depth, and price alerts. Founded in 2018 and headquartered in Singapore, it’s known for high-speed execution—handling up to 100,000 trades per second.
Although not AUSTRAC-registered, Bybit remains popular among Australian traders due to its advanced tools and deep liquidity.
Key Features:
- Biometric login (fingerprint & face recognition)
- Multi-language support including English, Japanese, and Korean
- API access for algorithmic trading
Pros
- Lightning-fast trade execution
- Excellent mobile interface
- Strong security with cold storage and 2FA
Cons
- No AUD bank transfers
- Some features restricted for Australian users
Fees Overview
- Trading Fees: Maker 0.005–0.10%, Taker 0.015–0.10%
- Deposit Fees: Free for crypto; fiat methods vary
- Withdrawal Fees: ATM withdrawals incur 2% fee after first $100/month
5. Coinstash – Best for Altcoin Day Trading
★★★★★
Finder Score: 1129
Supported Cryptocurrencies: 1,000+
Fiat Currency: AUD
Coinstash is Australia’s leading exchange for altcoin enthusiasts, offering over 1,000 coins and tokens, including early-access assets via its DeFi Connector. This feature aggregates liquidity from decentralised exchanges, letting users buy trending altcoins before they hit major platforms.
While fees are slightly higher than global giants, the breadth of available assets is unmatched locally.
Key Features:
- DeFi Connector integrates Ethereum, BNB Chain, Avalanche & Polygon
- Thematic crypto bundles for simplified exposure
- Secured by Fireblocks custody solution
Pros
- Largest altcoin selection in Australia
- Direct AUD purchases on-chain assets
- User-friendly interface with advanced order types
Cons
- No limit orders on DeFi-sourced tokens
- Higher fees (up to 0.85%) compared to Binance or Kraken
Fees Overview
- Trading Fees: 0.13–0.85%
- Deposit Fees: Free via PayID & Osko
- Withdrawal Fees: Free AUD withdrawals; crypto fees vary
6. OKX – Best for On-Chain Day Trading
★★★★★
Finder Score: 282
Supported Cryptocurrencies: Tens of thousands (via wallet)
Fiat Currency: AUD
OKX bridges centralised convenience with decentralised flexibility through its powerful non-custodial wallet, enabling on-chain trading across 50+ blockchains. Unlike most DEXs, OKX supports limit orders, a game-changer for precise day trading execution.
The integrated bridge allows cross-chain swaps—like moving ETH to Arbitrum—without leaving the interface.
Key Features:
- Limit orders on decentralised markets
- Cross-chain bridging within the wallet
- Compatible with hardware wallets (Ledger, Trezor)
Pros
- Unmatched access to niche tokens
- Clean UX simplifies complex DeFi actions
- High security with self-custody model
Cons
- Not all features available to Australian users
- On-chain risks (e.g., smart contract vulnerabilities)
👉 Take control of your trades with direct blockchain access—explore OKX’s edge today.
🔍 Key Factors When Choosing a Day Trading Exchange
To succeed in crypto day trading, consider these essential criteria:
✅ Low Trading Fees
High-frequency trading amplifies even small fee differences. Look for exchanges with tiered pricing models, where higher volumes reduce costs.
✅ Strong Liquidity & Volume
High liquidity ensures faster order fills and less slippage—critical when capitalising on micro-movements.
✅ Advanced Order Types & Automation
Platforms offering stop-loss, limit orders, and trading bots give you an edge in fast markets.
✅ Security & Regulation
Prioritise AUSTRAC-registered exchanges or those with strong compliance records to reduce regulatory risk.
✅ Charting & Analytics Tools
Built-in tools like TradingView integration help you analyse trends without switching tabs.
❓ Frequently Asked Questions
Is day trading cryptocurrency legal in Australia?
Yes, day trading crypto is legal in Australia. However, profits are subject to capital gains tax (CGT), and traders must comply with ATO reporting requirements.
Can I use leverage for day trading in Australia?
Most AUSTRAC-regulated exchanges do not offer margin trading to retail users due to ASIC restrictions. Some offshore platforms may provide leverage but come with higher risk and regulatory uncertainty.
Which exchange has the lowest fees?
Binance, KuCoin, Bybit, and Bitget offer some of the lowest standard fees at 0.10% maker/taker, though volume discounts can reduce costs further on Kraken or Coinbase Pro.
Should I keep my crypto on the exchange?
While convenient for trading, leaving funds on exchanges carries risks ("not your keys, not your crypto"). Only keep your active trading balance on-platform; store long-term holdings in a non-custodial wallet.
How do I start day trading crypto?
Start by:
- Choosing a regulated exchange
- Setting up two-factor authentication (2FA)
- Practicing in a demo account
- Developing a strategy using technical analysis
- Starting small with real funds
What are the risks of crypto day trading?
Risks include high volatility, emotional decision-making, cybersecurity threats, frozen accounts, and lack of consumer protection compared to traditional financial markets.
Final Thoughts
The best day trading platform depends on your goals: Kraken Pro for overall reliability, Binance for volume and variety, eToro for social learning, Bybit for mobile agility, Coinstash for altcoin access, and OKX for cutting-edge on-chain execution.
Always prioritise security, test platforms with small amounts first, and never trade more than you can afford to lose.
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