All you need to know before starting to trade in Australia!

Screenshot of Crypto Com Homepage

In this review, we are taking a closer look at one of the most popular digital exchange platforms, mostly known for its mobile app that has impressive features.

As a cryptocurrency trader, there are several factors that you should consider before creating an account with an exchange. This includes security features, fees, supported crypto, ease of use and customer support.

I will go over all these aspects to help you identify whether his platform will fulfil your needs.


Hey! Moritz here. The APP is one of the most trusted apps to buy, sell, and trade crypto in Australia and anywhere else in the world.

I highly recommend signing up and start trading conveniently from your phone.

Ease of Use

This platform is beginner-friendly and makes it easy for investors to exchange, spend and acquire digital currencies.

It also has features that expert trades would appreciate, including staking, DeFi Swap and Wallet, lending services and an exchange platform. This makes it like a one-stop-shop for all things cryptocurrency.

Their website is, however, a bit difficult to navigate.

Security is as secure as a bank. It has never been hacked, and it has strict security protocol to protect user data and keep your funds safe.

Some of the security measures in place include 2-factor authentication and 100% cold storage for all digital assets.

These assets are covered by a $100 million policy. has also partnered with Ledger, a reputable hardware wallet provider.

Fees has a standard fee of 1.49%-3.99% for all cryptocurrencies purchased using debit and credit cards.

Based on industry standards, this fee is substantially high and could eat away at your profits.

You have the option of transacting using a fiat wallet, but this takes about 5 days to be processed.
New users are, however, given a 0% waiver on credit card transactions for the first 30 days.

Supported Cryptocurrencies has over 100 digital assets, but this is pretty limited compared to other sites.

This amount is enough for investors that only deal with large coins like Bitcoin, Ethereum & Litecoin.

There are, however, more than 4000 altcoins that aren’t listed on the platform, limiting the diversity of your portfolio.

If you’re looking to invest in low cap altcoins, you may have to look for another alternative.

Deposit & Withdrawals

This platform supports more than 20 different fiat currencies, including CAD, EUR and USD.

You can make deposits and withdrawals using some of the most popular methods, including bank transfers, Paypal, Transfer Wise, Credit card or debit bank card, Wire transfer, and SEPA.

The most popular deposit method in Australia is PayPal that comes with a $10,000 daily limit.

Support customer support could use an upgrade as some of their Trustpilot reviews complain of slow service.

They, however, have an active presence on Facebook and Twitter, where you can interact with them.

This site also has a live chat feature and a wide library of resources should you need help.

It would be helpful if they introduced phone support as it is faster.

Editor’s Review


Hi there!

My name is Moritz, and I have been using for more than half a year. I have been a crypto trader for years now, and I recently decided to test out new platforms and write unbiased reviews about them.

I hope that these quick guides will help you find a platform that truly works for you and aligns with your investment goals. Remember, you will never find a perfect exchange site, so find one that ticks most of our boxes.

Here’s a simple review of based on my interaction with them.

Account Registration & Login

To start using, you need to download their mobile app, which is accessible on both android and iOS devices. The sign-up process is easy, and you’ll need to provide a valid email address. This is where they send the account verification code, which you use to activate your profile. Account creation and maintenance is free.

Identity Verification

Like most Australian exchanges, is regulated by AUSTRAC and has to comply with their strict KYC/AML regulations. This is why you have to verify your identity before you can start trading. To complete this process, you’ll have to upload your passport or government ID on the app.

There are 3 levels of verification on;

1. No verification: You only view the dashboard and exchange but can’t make any trades.

2. Basic verification: You can make crypto deposits and trade among different digital assets, but you have a $5,000 daily bitcoin withdrawal limit.

3. Advanced verification: It’s the same as basic verification, but your daily limit is increased to 100BTC per day.

The verification process takes at most 3 days, depending on how busy the network is.

The User Interface

While their website is a bit difficult to navigate, the app is clean, sleek, and intuitive. It allows you to speculate on trades and has advanced features and tools that you can use to analyze price action. Their charting interface is facilitated by TradingView, and almost all crypto traders are familiar with it.

The app isn’t cluttered, and it doesn’t have any noticeable glitches. I truly enjoyed trading on it.

What Could Improve on? is a great platform to start with, especially if you’re new at crypto trading. They should, however, introduce new features and more digital assets to accommodate professional traders.

Anyone that enjoys trading with small altcoins may find the account basic, but all in all, it’s secure, easy to use, and supports most of the larger coins.

User Interface Screenshots

Here are some screenshots of what the user interface of looks like:

What are the Top Features of

1. Visa Card has visa cards that allow you to trade using your cryptocurrencies. Their benefits are dependent on the CRO staked, while cashback rewards are 8% on the black and 1% for the free card.

They also have premium cards that sometimes have 100% cashback from specific platforms like Netflix and even have free airport lounge access. Some of their cards are also made of metal which gives them a great premium look and feels.

One of the things that set these visa cards apart from the rest is that they allow you to convert digital currency into fiat currency and use it at various outlets. You can top up your credit card using bank transfers, crypto from your wallet, or credit/ debit cards.

Their Jade Green card is acceptable on all outlets that accept visa cards.

2. Earn

This is a feature on the lending side of the app that allows you to loan out your digital assets and earn interest. Their interest rates are pretty impressive, and bitcoin earns 6.5%PA; Ethereum has a rate of 5.5% PA while most stable coins earn up to 12%PA.

Depositing into your Earn account takes a short time, and all interests are paid out weekly and deposited into your wallet. The best part is that you’re paid in the same digital currency that you loan out. This allows you to earn more if the coin’s value increases during the lending term.

3. Pay

This feature is a gateway solution for people who sell products online. It allows you to make easy payments on checkout and imposes little to no fees on the final transaction. This feature is also useful to customers as it gives them a higher cashback rate than that of the Visa card.

4. Credit

This is a borrowing service that allows you to borrow crypto-backed loans. You can use up to 50% of your locked-in digital assets as collateral at an 8%APR. This allows you to get funds quickly without triggering a taxable event.

5. Derivatives Exchange now has a derivatives exchange that allows it to compete with popular exchanges such as Binance. This feature allows you to trade BTC/USD while using USDC as collateral. It also enables you to take advantage of small price movements by trading using up to 50x leverage to dominate larger positions.

What is CRO?

This is native currency that allows users to make transactions using their app. It’s also traded on the platform, and users can opt to make or receive payments using the coin.

CRO is a relatively new coin which is why there are few exchange sites that offer CRO trading pairs.

What are the Pros and Cons of Trading on


  • It’s beginner-friendly: Initially, this platform was aimed at engaging novice investors, and so far, it has done a stellar job. It has a simple interface that allows users to make trades without being overwhelmed.
  • Highly Secure: has implemented various security measures to ensure that your funds are safe. It has also never been hacked before.
  • They have a visa program with amazing cashback rewards.
  • You can earn interest on crypto by lending out your digital assets.
  • You can easily convert your cryptocurrency into fiat currency.


  • It has a limited selection of digital assets.
  • You have to hold significant amounts of their native cryptocurrency, CRO.

Is Safe?

Yes! takes a security-first approach on all accounts and has strict security measures to protect your account. This includes:

  • 2FA for all App access.
  • All their assets are stored in cold storage to prevent hacks.
  • They are complaints with AUSTRAC regulations to limit fraudulent activities on the platform.
  • All withdrawal addresses have to be whitelisted using email verification.
  • All transactions are constantly monitored for suspicious activities.

This site is also the first company globally to have:

  • PCI-DSS v3.2.1 Level 1 compliance
  • CCSS Level 3
  • ISO/IEC 27701:2019
  • ISO/IEC 27001:2013 has also attained tier 4 of NIST cybersecurity and privacy frameworks, which is the highest level.

Who Should Use

This platform is best for you if:

  • You’re new at crypto trading and are looking for a platform to get started.
  • You’re willing to buy and deposit substantial amounts of CRO.
  • You’re looking for an easy way to convert fiat currency into cryptocurrency and vice-versa,
  • You’re looking for a platform where you can earn passive income.

Best Alternatives

As you’ve learned in our review, it has been in operations since 2016 and is a great platform for anyone who’s new to crypto trading. Its app has an interface that is easy to use and has a variety of great features, including charts powered by TradingView. also has amazing features that allow you to borrow crypto-backed loans, earn interest and make crypto to crypto trades. Their Visas are sleek and widely accepted, making it easy for you to complete transactions conveniently.

Their only downside is that their fees are a bit on the high side, and their customer service is slow. They do, however, offer 24/7 support on the app.

If you’re still looking for other platforms, we recommend that you check out the following alternatives:

Best Exchange Overall



  • Number of crypto assets: 260+
  • Trading fees: 0.6%
  • Acceptable deposit methods: credit card. PayID, POLI, Bank transfer, Debit card, Cryptocurrency.
  • Allows AUD deposits and withdrawals: Yes

Full Swyftx Review

Best For Experts



  • Number of crypto assets: 260+
  • Trading fees: 0-0.1%
  • Acceptable deposit methods: credit card, debit card, PayID, POLI, third-party payment services, cash deposit, OSKO
  • Allows AUD deposits and withdrawals: Yes

Full Binance Review

For Beginners and Experts



  • Number of crypto assets: 20+
  • Trading fees: Spread only
  • Acceptable deposit methods: Debit card, Paypal
  • Allows AUD deposits and withdrawals: No

Full eToro Review

4.8/5 - (26 votes)

Disclaimer: This article is intended to be used and must be used for informational purposes only. It's important to understand that digital assets are risky, you should always do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.