Alternatives to BTC Markets
BTC Markets is one of Australia's longest-running crypto exchanges, known for direct AUD deposits, SMSF support, and auto-invest features with no monthly fees. While it's a solid choice for straightforward crypto buying and holding, you might want an alternative if you're after a wider coin selection, lower trading fees, access to derivatives or options trading, or a platform that also handles traditional shares. We've lined up seven alternatives that each offer something BTC Markets doesn't — from zero-commission US shares to high-leverage futures trading.
CoinSpot charges just 0.01% per trade compared to BTC Markets' tiered maker/taker fees, saving you money on frequent trades.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Kraken offers a wider range of coins and staking options, plus auto-invest from as little as $5.
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
OKX adds options and CFD trading for crypto, giving you advanced strategies BTC Markets doesn't support.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
KuCoin offers futures with up to 125x leverage and margin trading, ideal if you want more than spot trading.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Swyftx supports over 320 coins with an Aussie-owned platform, zero minimum deposit, and SMSF accounts.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Coinbase gives access to 240+ coins with strong security and institutional-grade features for serious investors.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
Independent Reserve is another Australian-regulated exchange with SMSF support and competitive institutional-grade pricing.
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Common questions
What are the main reasons to switch from BTC Markets?
Common reasons include wanting access to more coins, lower trading fees, or features like futures, margin trading, or staking that BTC Markets doesn't offer. Some investors also prefer a platform that combines crypto with traditional share trading.
Does BTC Markets charge monthly or account fees?
No, BTC Markets has no monthly account fees or minimum balance requirements. You only pay trading fees when you buy or sell, which are tiered based on your 30-day trading volume.
Can I use an SMSF with BTC Markets alternatives?
Yes, several crypto exchanges support SMSF accounts, including Swyftx, CoinSpot, Independent Reserve, and Kraken. Each has different fee structures and coin selections, so compare what suits your fund's strategy.
Are there alternatives that offer both crypto and shares on one platform?
Yes, some platforms let you trade both. eToro offers crypto and CFD trading on global markets, while Webull provides CHESS-sponsored ASX shares and US shares alongside crypto exposure through different product types.