Top Crypto Exchanges for Day Trading in Australia
- Kraken Pro – Best overall
- Binance – Highly commended
- eToro – Best platform for copy trading
- Bybit – Best app for day trading
- Coinstash – Best for altcoins
- OKX – Best for on-chain trading
- Coinbase – Best for regulatory compliance
- KuCoin – Highly commended
How We Selected the Best Exchanges
Our picks are based on rigorous research, including Finder’s Crypto Trading Platform Awards, with a focus on features critical to day trading:
- 25+ exchanges analyzed
- Fresh evaluations of liquidity, fees, and tools
- Emphasis on user experience and security
👉 Explore top-rated exchanges for advanced trading features.
Detailed Exchange Reviews
1. Kraken Pro: Best Overall
Finder Score: 423
Supported Cryptos: 280+ USD pairs
Pros:
- Advanced order types (stop-loss, limit)
- Deep liquidity & low fees (0% maker, 0.1% taker)
- 10+ years in operation
Cons:
- No futures for retail traders
Fees:
| Deposit Method | Fee |
|---------------|-----|
| Bank Transfer | Free |
| Crypto | Free |
Supported States: AL, AK, AZ, View full list.
2. Binance: Highly Commended
Finder Score: 401
Supported Cryptos: 100+
Pros:
- Lowest fees (0.1%)
- 1,300+ trading pairs
- Customizable trading bots
Cons:
- No AUD bank transfers
Fees:
| Trading Type | Fee |
|-------------|-----|
| Spot | 0.1% |
3. eToro: Best for Copy Trading
Finder Score: 130
Supported Cryptos: 27
Pros:
- Mirror top traders’ strategies
- Social trading community
Cons:
- Higher spreads (1%)
4. Bybit: Best Mobile App
Finder Score: 513
Supported Cryptos: 23
Pros:
- Real-time charts & alerts
- 100K trades/second
Cons:
- Not AUSTRAC-registered
Key Factors for Day Trading
- Low Fees: Critical for high-volume trades.
- Liquidity: Minimize slippage.
- Order Types: Stop-loss, limit orders.
- Security: Opt for AUSTRAC-registered exchanges.
👉 Compare fees across top platforms.
Trading Fees Comparison
| Exchange | Maker Fee | Taker Fee |
|----------|----------|----------|
| Binance | 0.10% | 0.10% |
| Kraken | 0.25% | 0.40% |
| Coinbase | 0.40% | 0.60% |
Risks of Day Trading Crypto
- Volatility: Prices can swing rapidly.
- Regulatory Risks: Uninsured funds.
- Liquidity Gaps: Illiquid altcoins.
Pro Tip: Use demo accounts before trading live.
FAQs
Q: Which exchange has the lowest fees?
A: Binance and KuCoin (0.1%).
Q: Is copy trading safe?
A: Monitor copied traders’ performance history.
Q: Can I trade crypto with AUD?
A: Yes, on Kraken, Coinbase, and Coinstash.
Author Bio:
James Edwards is a crypto expert with 10+ years in blockchain. Full bio.
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