Best Bitcoin Wallet Australia – Top Crypto Wallets in 2022

Fact Checked by Gary McFarlane

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

If you’re looking to buy Bitcoin in Australia – you need to ensure you have a good wallet by your side.

There are many different types of Bitcoin wallets to choose from – such as those stored via a mobile app, desktop computer, and even hardware device.

In this guide, we review the very best Bitcoin wallets in Australia and walk you through the storage setup process step-by-step.

#1 Bitcoin Wallet Australia – eToro

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$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10
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$20Exclusive promotion
Our score8.5
  • Excellent mobile app
  • Competitive trading fees
  • Staking features

Best Bitcoin Wallet Australia – Quick Pick

If you’re looking for a quick overview of the best Bitcoin wallets in Australia – check out the list below.

  • eToro – Overall Best Bitcoin Wallet Australia
  • Coinbase – Best Bitcoin Wallet for Beginners
  • Crypto.com – Invest in Bitcoin and Earn Discounts on Trading Fees
  • OKEx – Recommended Bitcoin Wallet for Features and Tools
  • Binance – Best Australian Bitcoin Wallet for Asset Diversity
  • CoinJar – Good Bitcoin Wallet When Buying and Selling Small Amounts

We review each of the above Bitcoin wallets further down.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Best Bitcoin Wallet Australia – Full Reviews

When searching for the best Bitcoin wallet Australia for your needs – there are several key things to look out for.

First and foremost, you need to look at what safeguards the wallet offers to ensure your Bitcoin investment remains secure at all times.

You also need to consider whether you want to access the Bitcoin wallet online, or via mobile, desktop, or hardware device.

And of course – you also need to look at what features are offered – such as having the ability to buy, sell, and trade digital currencies from within the wallet.

Taking all of this into account – below we review the best Bitcoin wallets in Australia for your consideration.

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for $ 100 you get
0.0036BTC
What we like
  • Trade real cryptos and crypto CFDs
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CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

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for $ 100 you get
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  • Careful selection of cryptocurrencies
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for $100 you get
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CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

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for $ 100 you get
0.0036BTC
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  • Broker vollständig reguliert
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  • Libertex Erfahrungen seit mehr als zwanzig Jahren
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for $100 you get
0.0036 BTC

83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko

1. eToro – Overall Best Bitcoin Wallet Australia (GFSC Regulated)

etoro review eToro is primarily an online broker that offers thousands of asset classes – including crypto, shares, ETFs, forex, commodities, and more.

The provider is regulated by ASIC and is now used by over 20 million investors.

With that said, eToro is also behind one of the most popular Bitcoin wallets in Australia. This comes in the form of a mobile app that is compatible with both iOS and Android devices.

Once you install the app, you can then transfer in your Bitcoin tokens for safe storage. In fact, the eToro wallet supports over 120 other digital currencies – so this is a great option if you have a broad portfolio of crypto assets.

When it comes to safety, this is one of the only Bitcoin wallets that we have come across that is regulated by a reputable financial body.

The Gibraltar Financial Services Commission (GFSC) is the authority responsible for ensuring that your Bitcoin funds remain safe at all times.

etoro crypto wallet

The eToro Bitcoin wallet is jam-packed with other notable features that you might find of interest. This includes the ability to swap one cryptocurrency for another without needing to leave the app.

In total, eToro supports more than 500+ crypto pairs – so you can achieve asset diversity with ease.

eToro also offers Unlosable Private Keys, which means you will never get locked out of your wallet should you lose your login credentials.

It goes without saying that this Bitcoin wallet also gives you direct access to the main eToro platform. In turn, this means that you can easily buy and sell digital currencies.

You can even do this by making a deposit with your debit or credit card at an industry-leading transaction fee of just 0.5%.

Other supported payment types include Paypal, Skrill, Neteller, and bank transfers.

When trading and investing in cryptocurrencies at eToro, you will need to pay a variable spread (starts from 0.75%) and a fixed fee of 1%.

Pros

  • Invest in cryptocurrencies on a variable spread and a fixed fee of 1%
  • Top-rated cryptocurrency wallet app on Android and iOS
  • Minimum investment per trade from just $10
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Bitcoin Wallet for Beginners

coinbase review Coinbase – a popular cryptocurrency broker with approximately 73 million verified users, offers a top-rated Crypto wallet. This comes in the shape of a mobile app that you can download straight to your Android or iOS device.

In particular, the Coinbase wallet is likely to be of interest if you consider yourself a beginner in this industry. This is because the wallet is super-easy to use – even if you have no prior experience.

In total, the Coinbase wallet supports over 500+ digital currencies. In addition to Bitcoin, this includes the likes of Uniswap, Ethereum, Tether, and Litecoin. The wallet also supports heaps of ERC-20 tokens, DeFi coins, and NFTs (non-fungible tokens).

The Coinbase wallet is also popular with those in Australia because of its institutional-grade security features. For example, you can elect to set up biometric access and fingerprint ID, and you’ll be given a 12-word recovery phrase in the event you lose your mobile phone.

coinbase wallet

You – and only you will have access to your private keys, which gives you 100% control over your Bitcoin. Coinbase also offers a web wallet that you can conveniently access from your desktop or mobile browser. Although web wallets are considered less secure, Coinbase offers plenty of security safeguards.

For instance, 98% of client funds stored in Coinbase web wallets are held offline. It is also mandatory to set up 2FA – meaning you will need to enter a unique code that is sent to your mobile device every time you wish to log in to your Coinbase web wallet.

Coinbase is the perfect platform for busy investors who want to get started in the world of cryptocurrency. With its user-friendly design and easy-to-follow tutorials, Coinbase makes it simple and straightforward to buy and sell digital currency.

For those looking for a more advanced trading experience, Coinbase Pro offers traders all the tools they need to make informed decisions about their investments.

Pros

  • One of the most popular cryptocurrency exchanges
  • Mobile wallet on iOS and Android devices – control your private keys
  • Approximately 73 verified million users
  • Supports instant debit card purchases
  • Dozens of digital currencies to choose from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

3. Crypto.com – Invest in Bitcoin and Earn Discounts on Trading Fees

Introducing Crypto.com, the easiest and most convenient way to buy, sell, and trade digital currencies. With over 250 different currencies to choose from, Crypto.com has something for everyone.

Whether you’re a big-time investor looking to cash in on the Bitcoin boom or just getting started with cryptocurrency and want to try your hand at trading Ethereum, Crypto.com has you covered.

With a 0.4% fee for trades under $25,000, Crypto.com is excellent for new users who have not staked any CRO yet and want to dip their toes into the crypto waters without spending too much.

Trading fees are volume-based, so the more you trade, the more you save. Invest in Bitcoin and earn discounts on your trading fees. Stake CRO to pay your fees in CRO and save even more. Crypto.com offers unbeatable value for investors of all levels.

And with their easy-to-use interface, you’ll be up and trading in no time!

Crypto.com is available 24/7, so you can trade whenever you want, wherever you are. They also have a popular mobile app so you can trade on the go.

Crypto.com takes security, which is they offer top-of-the-line security features to keep your account safe. They use 2-factor authentication and industry-leading encryption to protect your personal information.

Furthermore, Crypto.com partners with US-based financial institutions to give $250,000 in FDIC protection on US-dollar balances.

Whether you’re a first-time crypto user or an experienced investor, Crypto.com is the safe and easy way to buy, sell, and store your digital assets.

So what are you waiting for? Sign up today and start trading cryptocurrency!

Pros

  • Buy, sell, and trade over 250 digital currencies
  • Save on your trading fees with volume-based discounts
  • Get started in minutes with a user-friendly platform
  • Start building your wealth today with cryptocurrency trading
  • Ride the cryptocurrency wave and get in on the ground floor

Cons

  • Fees are higher unless you hold and utilize CRO

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

4. OKEx – Recommended Bitcoin Wallet for Features and Tools

OKEx is an online cryptocurrency broker and exchange that offers industry-leading commissions. You will find more than 400+ digital asset pairs here – which is why the platform is particularly attractive to day traders and long-term cryptocurrency investors.

Our research team found that OKEx is possibly the best Bitcoin wallet Australia in terms of enhanced features and tools.

For example, the OKEx wallet gives you direct access to newly launched cryptocurrency projects. This mainly centres around decentralized finance – whereby you can purchase DeFi coins without needing to leave the wallet interface.

You can also buy, sell, and trade Bitcoin from within the app – which means that the OKEx wallet doubles up as a conventional cryptocurrency exchange. What we also like about this Crypto wallet is that it is compatible with multiple devices

OKEx Bitcoin wallet

For instance, you can download the wallet to your mobile phone via an Android or iOS app. You can also elect to download the wallet to your main desktop device, as it’s compatible with both Windows and Mac.

Furthermore, you can also add the OKEx Bitcoin wallet to your web browser through a secure extension. Irrespective of your chosen device(s), you will have full control of your private keys. Once again, this means that you are the only person that can access your Bitcoin funds.

Pros

  • Trusted crypto exchange with over 20 million users
  • More than 400+ digital currency pairs
  • Buy and sell cryptocurrencies with a debit/credit card or bank transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and highly secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

5. Binance – Best Australian Bitcoin Wallet for Asset Diversity

Binance is another popular cryptocurrency exchange that offers a top-rated Bitcoin wallet. The provider in question is actually home to over 100 million users – making it the largest in this industry.

You have two options at Binance when it comes to storing your Bitcoin funds. First, you might consider using the Binance web wallet – which is ideal if convenience is your main priority.

This is because you can access your Bitcoin tokens by simply logging into your Binance account. You can do this online or via your mobile web browser. Security controls include keeping the vast bulk of client funds in cold storage, 2FA, and IP address whitelisting.

Opting for the Binance web wallet will also ensure that you have access to hundreds of digital currencies from the comfort of your home. This makes the wallet ideal for crypto-asset diversification.

trust wallet

The other option you have is to download the Trust Wallet – which is backed by Binance. This is a decentralized mobile wallet that you can download to your Android or iOS device. You retain full control over your private keys and the Trust Wallet has the capacity to connect to third-party dApps like Pancakeswap.

In addition to Bitcoin, the Trust Wallet can support hundreds of other coins and tokens. You can also use your debit or credit card to buy more digital currencies via the wallet, albeit, you will need to upload a copy of your ID first.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit cards and local bank transfers
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

 

6. CoinJar – Good Bitcoin Wallet When Buying and Selling Small Amounts

coinjar review You might have come across CoinJar previously, not least because the online cryptocurrency exchange is the largest in Australia. The exchange itself is favored by those that wish to invest in Bitcoin as a newbie.

Not only is CoinJar simple to use but you can buy Bitcoin and other digital currencies at a minimum of just $5. In terms of storage, the CoinJar mobile app doubles up as both a wallet and exchange.

Compatible with both iOS and Android mobile devices, the app allows you to buy, sell, and trade cryptocurrencies with ease. This is because the app allows you to fund digital asset purchases with an Australian Visa or MasterCard (debit or credit card). This will set you back 2% in fees.

We also like the fact that the CoinJar wallet allows you to stay up-to-date with the cryptocurrency markets through real-time price alerts. This means that you will receive a notification on your phone when the price of Bitcoin hits a certain level – as per your own pre-set parameters.

coinjar wallet

This top-rated wallet not only supports Bitcoin – but dozens of other cryptocurrencies too. This includes everything from Litecoin, Chainlink, and Ripple to AAVE, EOS, and OMG Network.

There are no fees to send and receive cryptocurrencies via the app – other than the standard blockchain mining charge.

In terms of safety, CoinJar has a great reputation in this space – not least because it has been offering cryptocurrency trading services since 2013.

Crucially, at least 90% of client digital assets are kept offline in cold storage.

Pros

  • Has been active in the crypto brokerage arena since 2013
  • Very user-friendly platform – so perfect for beginners
  • Mininmum deposit of just $5
  • No fees to deposit funds via bank transfer
  • Debit/credit cards also supported
  • Top-rated mobile app

Cons

  • Too basic for experienced cryptocurrency traders

at eToro, Australia’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

 

What is a Bitcoin Wallet Australia?

Put simply, a Bitcoin wallet allows you to safely store your digital tokens.

In many ways, a bitcoin wallet operates in a similar nature to a traditional bank account that you use to store Australian dollars.

The key difference is that your Bitcoin tokens are stored in a digital manner – which in most cases, comes in the form of a mobile or desktop wallet.

With that said, you can also store your BTC tokens in a hardware waller for added security.

best bitcoin wallet Not only do the best Bitcoin wallets in Australia allow you to store your tokens, but you can also send and receive funds.

In terms of the latter, you will need to supply your unique Bitcoin wallet public address. This is somewhat similar to supplying a bank account number to your employer.

When sending funds, you need to enter the public wallet address of the beneficiary.

As we cover in more detail shortly, the best crypto wallets in Australia come packed with other useful features – such as being able to buy, sell, and trade cryptocurrencies.

As cryptocurrencies are becoming more popular, having the best cryptocurrency wallet is essential. There’s a variety of Dogecoin wallets, Ethereum wallets, and XRP wallets that can protect your cryptocurrencies from being stolen.

How to Find the Best Bitcoin Wallet Australia

In the sections above, we reviewed the top five Bitcoin wallets available in Australia.

With that said, there are dozens more in the market – so it’s important that you do a bit of research to ensure you find the best wallet for your needs.

To help you along the way, below you will find a list of key metrics to look out for when searching for the best crypto wallet in Australia.

Recommended Broker
eToro
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CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker
AvaTrade
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CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Libertex
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83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko

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5.0
Mobile App Rating
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Wallet
Number of Coins
1341559
Trading Fees
SpreadsN/AN/A
Deposit Fees
N/AN/AN/A
Withdrawal Fees
5 USDN/AN/A
Regulated
N/ACBI and MiFID in EuropeN/A
Min. Deposit
50$$100N/A
Leveraged Trading
N/A1:2 for cryptocurrenciesN/A
Bitcoin
$29251.19$29350.64$29365.26
Ethereum
$2005.54$1975.04$1981.93
XRP
$0.42$0.42$0.41
Tether
$1.00N/AN/A
Litecoin
$70.35$69.45$69.39
Bitcoin Cash
$194.33$193.09$193.19
Chainlink
$6.97$7.08$6.99
Cardano
$0.54N/A$0.54
IOTA
$0.34$0.33$0.33
Binance Coin
$314.07N/A$306.87
Stellar
$0.13$0.13$0.13
Bitcoin SV
$48.43N/A$48.14
USD Coin
$1.01N/AN/A
EOS
$1.32$1.31$1.30
Monero
$176.46N/A$177.16
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Neteller
Giropay