Exchange Review

Binance Australia Review

Binance is a safe exchange for Australians because they are regulated by AUSTRAC who are the Australian Financial Intelligence authority. Their platform offers a wide variety of features and is the largest cryptocurrency exchange in the world.

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Binance Australia is one of the most popular crypto exchanges for Aussie investors to trade over 600 digital assets and hundreds of different NFTs. Their platform is one of the most feature-rich exchanges in the world with products such as Spot Trading, Futures Trading, NFT Marketplaces, Cryptocurrency Staking, and much more.

In this guide, we will outline the key features, fees and regulatory factors associated with the Binance Australia exchange to help you decide whether it is a safe platform for digital assets.

Table of Contents

Features, Services and Products

Binance has arguably the largest suite of crypto trading and lending services available when compared to other centralised platforms. Binance currently offers the following services to Australian investors:

  • Spot Trading: Buy and Sell over 600 cryptocurrencies with AUD.
  • Futures Trading: Trade over 150 cryptocurrency futures contracts with 20x leverage.
  • Crypto Staking: Earn up to 30% interest on crypto staking for 100+ assets.
  • OTC Services: Get tight execution on orders over 100 BTC in value.
  • NFT Trading: Buy, sell and hold NFTs with the Binance NFT Marketplace and Wallet.
Binance Australia Review

Is Binance Australia Safe?

Binance is a fully licensed digital currency exchange in Australia and falls under the regulatory oversight of the Australian Transaction Reports and Analysis Centre (AUSTRAC). They are a secure and safe exchange for Australian’s to buy, sell and trade crypto.

The Binance Australia team also recently appointed former ASX listed company CEO Leigh Travers as their new Managing Director. Leigh was formerly founded DigitalX, which was a blockchain and cryptocurrency infrastructure company based in Perth, Australia.

Binance Futures Trading

Binance offers one of the most liquid futures trading markets in the world for over 150 different cryptocurrencies. Their futures trading platform enables traders to use up to 20x leverage against USDT or Bitcoin as collateral.

Binance Futures trades over $1 Billion in daily volume on major tokens like Bitcoin, Ethereum, Solana, Avalanche, BNB, XRP, Chainlink, and many others.

binance futures australia

Binance Fees

The Binance Australia trading fees are very low when compared to competitors in Australia and start at 0.1%. Other exchanges in Australia like SwyftX charge 0.6% per trade, so Binance is can be a considerably cheaper alternative - however there are trade offs in security. Also if you are a Westpac Bank account holder, you get free and instant AUD deposits via Pay/ID or osko.

How to use Binance in Australia

This is a quick guide on how to buy crypto using the Binance Australia exchange.

  1. Visit the Binance Australia website and sign up.
  2. Complete your Australian verification and Know Your Customer (KYC).
  3. Deposit Australian Dollars (AUD) with any bank account.
  4. Hover over ‘Trade’ in the navigation menu and select ‘Convert’.
  5. Select the cryptocurrency you want to buy with AUD and click done.
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Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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