Best Crypto Wallet In Australia 2022 S Top Options

If you are looking for the best crypto wallet in Australia, we’ve compared numerous options based on user experience, supported cryptoassets, and security measures.

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To find one that meets your needs, keep on reading below!

List of the Best Crypto Wallet Options in Australia

• eToro Money—Best Overall
• Swyftx Integrated Wallet—Best Custodial Wallet
• CoinSpot Multicoin Wallet—Most Secure Web Wallet
• CoinJar—Best for Crypto Spending
• Crypto.com | DeFi Wallet—Best for Storing NFTs
• Binance Chain Wallet—Best for Binance Traders
• Exodus Wallet—Available on Most Platforms
• Digital Surge—Best for Beginners
• Ledger Nano S Plus—Best Hardware Wallet
• Trust Wallet—Largest Selection of Cryptoassets
• Coinbase Wallet—Best Mobile Wallet

Mini-Reviews of the Best Cryptocurrency Wallets in Australia

If you’ve ever wondered how to store your cryptocurrency, you’ll learn all about it below as we compare the best crypto wallets you can find in Australia as of now.

Disclaimer: Always take into account your own individual circumstances before making any investment decisions, and don’t rely on the information presented here alone. We highly suggest that you consult with an expert before applying for any product or service mentioned on our site.

1. eToro Money—Best Overall

• Cryptoassets: 8 most popular crypto tokens
• Price: Free
• Type of wallet: Mobile wallet
• Security: Advanced signature mechanisms, DDoS protection

As one of the best trading platforms in Australia, eToro prides itself on offering a top-notch crypto wallet to store, receive, convert, and transfer your cryptoassets.

Also known as eToro Money, this regulated software-based wallet is available both for Android and iOS and comes with а streamlined interface and robust security features.

In addition to stocking some of the most popular coins out there, like Bitcoin, Ether, Litecoin, and Cardano, you can convert cryptocurrencies, store and recover your private keys, and get access to a unique on-chain address that you can use for your crypto transactions.

Ultimately, if you are looking for a seamless blockchain experience that allows you to transact in crypto tokens and monitor your trades in real time, eToro has what you need!

Read our full eToro review.

PROS:

• Simple and easy-to-use interface
• Аdvanced security features
• Convert coins feature

CONS:

• Cannot convert to fiat currency

2. Swyftx Integrated Wallet—Best Custodial Wallet

• Cryptoassets: 320+
• Price: Free
• Type of wallet: Integrated wallet (web and app)
• Security: 2FA, JWT tokens, session expiry, and more

Swyftx is among the most prominent crypto platforms in Australia as it offers easy access to over 320 popular crypto coins, all of which you can store in its integrated wallet.

Therefore, when investing in Bitcoin, Ether, DogeCoin, Litecoin, or any other cryptoassets through this platform, you are essentially using a custodial wallet that you access either through your web profile or any of the brand’s apps.

Swyftx claims your coins are stored and protected in a combination of hot and cold storage with state-of-the-art security such as JWT tokens, session expiry, 2FA login, checking for breached passwords, third-party auditors, and a least privileges security model.

Moreover, since the wallet feature is integrated within the platform, you can also access all of Swyftx’s services, including easy trading, demo mode, and all monitoring tools. Ultimately, if you need a more secure wallet, you can always use a third-party hardware option.

You might be interested in our full Swyftx review.

• Uses various security measures

• Supports over 320 cryptocurrencies

• Easy access to the platform’s trading features

• Not as secure as non-custodial wallets

3. CoinSpot Multicoin Wallet—Most Secure Web Wallet

• Cryptoassets: 370+
• Price: Free
• Type of wallet: Integrated wallet (web and app)
• Security: 2FA and withdrawal ban

Another contender for the best crypto wallet title is CoinSpot’s Flexible Multicoin Wallet, as it allows you to store and trade with all of the platform’s coins and tokens (over 370).

As another integrated wallet, you can access it for free through the ‘Wallets’ tab of the web interface or the mobile app, wherein you can check the standalone balances of all your assets and swap them for other coins or tokens or simply buy and sell more.

Also, the web portfolio and the mobile application offer an intuitive and clean interface that allows you to easily track your holdings and value changes on a single page, check on your order history, and deposit in AUD with several convenient options.

Regarding security, you can rest assured your account is well protected by advanced two-factor authorisation protocols and account-wide withdrawal bans.

You might be interested in our complete CoinSpot review.

• Simple to navigate

• Several deposit options

• Full platform functionality

• Must have a CoinSpot account

4. CoinJar—Best for Crypto Spending

• Cryptoassets: 50+
• Price: Free
• Type of wallet: Integrated mobile wallet
• Security: 2FA, touch/face ID, remote lock

As one of Australia’s longest-running crypto exchanges, CoinJar offers one of the best wallet app options for Android as an all-in-one crypto exchange and storage solution.

After creating your account and installing the iOS or Android application, you get access to several currencies native to the platform, such as Bitcoin, Ethereum, and Litecoin, as well as almost 50 ERC-20 tokens like USD Coin, Dai, and Basic Attention Token.

You can buy, sell, store, and convert your crypto straight from the wallet app with CoinJar’s assurances that your portfolio is protected at all times with industry-leading security and insurance protocols and offline storage.

Moreover, CoinJar is one of the rare crypto exchanges that offers a crypto card, which allows you to easily spend your crypto like cash, both online and in-store.

Read our full CoinJar review.

• All-in-one crypto wallet

• Fully-insured assets

• CoinJar card for automatic crypto conversion

• Limited cryptoasset support

5. Crypto.com | DeFi Wallet—Best for Storing NFTs

• Cryptoassets: 700+
• Price: Free
• Type of wallet: Mobile and web extension wallet
• Security: Biometric and 2FA authentication, local encryption

Unlike most of the options above, Crypto.com offers a non-custodial DeFi wallet that lets you manage over 700 cryptoassets across more than 15 blockchains, store, share, and view your NFTs, and access the most popular dApps out there.

The wallet’s other standout features include the option to earn rebates on over 25 tokens, swap more than 300 tokens over different blockchains, migrate cryptoassets across crypto networks, and import existing external wallets.

In addition to this extra functionality, this DeFi wallet encrypts your passwords locally, protects them with multi-factor security, and stores your assets in cold storage.

If you are interested in the full Crypto.com review, check it right here.

• Available as a web extension

• 24/7 customer support

• Real-time transaction updates

• A tad difficult to use for beginners

6. Binance Chain Wallet—Best for Binance Traders

• Cryptoassets: Various BEP-2, BEP-20, and ERC-20 tokens
• Price: Free
• Type of wallet: Web extension wallet
• Security: Non-custodial key management with enhanced 2FA

Traders looking for the best crypto wallet for accessing the Binance Chain, Binance Smart Chain and the Ethereum networks should only consider the official Binance wallet.

As the platform’s native storage, the Binance Chain Wallet is the perfect option for keeping your BNB tokens, staking them for rewards, swapping them for other tokens, minting NFTs, or interacting with dApps on the Binance and Ethereum networks.

As of now, you can quickly install the Binance wallet on Chrome, Edge, Firefox, or Brave, after which you can use the platform’s Wallet Direct feature to seamlessly transfer the assets from your Binance.com account without copying and pasting addresses each time.

7. Exodus Wallet—Available on Most Platforms

• Cryptoassets: 240+
• Price: Free
• Type of wallet: Desktop app, mobile app, and web extension wallet
• Security: Auto-lock feature, face and touch ID, local encryption

If you go for the Exodus wallet in Australia, you will get an advanced non-custodial wallet that you can install on any mobile or desktop device or even add to various web browsers.

• Excellent Torus Network security

• Easy to install and use

• Multi-blockchain access

• Slow to respond on occasion

Regardless of your preferred platform, this versatile software wallet can secure, manage, and trade your cryptoassets anytime and anywhere with a single click or a QR code scan.

The multi-chain Web3 extension also provides access to the Ethereum, Algorand, and Solana networks, where you can mint NFTs, explore DeFi apps, create custom tokens, and more.

For an added level of security, you can purchase a Trezor hardware wallet, plug it into Exodus, and start using your crypto coins and tokens from cold storage.

8. Digital Surge—Best for Beginners

• Cryptoassets: 310+
• Price: Free
• Type of wallet: Integrated wallet (web and app)
• Security: Multi-layered 2FA encryption, offline cold storage

Our list of the top cryptocurrency wallets in Australia must also include Digital Surge—yet another crypto exchange with an integrated custodial wallet and a rich crypto offering.

• 24/7 human support

• Sync across platforms

• Manage your NFT collection

• No support for 2FA

However, Digital Surge features a simplistic approach to crypto trading, a clean UI, and a wealth of educational content, making it the best platform for beginners.

When you are not busy learning about crypto, you can enjoy the platform’s instant trading features that allow you to set up several automated services to browse through and purchase over 300 digital assets and immediately store them in the wallet.

One significant Digital Surge perk that should not go unmentioned is the option to quickly and securely pay your utility bills with Bitcoin by using a BPAY biller code.

9. Ledger Nano S Plus—Best Hardware Wallet

• Cryptoassets: 5,500
• Price: €79 before shipping
• Type of wallet: Hardware wallet
• Security: CC EAL5+ certified secure chip

As the only hardware wallet on our list, the Ledger Nano S Plus comes at a price, which many are glad to pay as it offers virtually the best security features out of all wallet types.

• Pay utility bills in Bitcoin

• Educational resources on crypto

• Earn interest on your portfolio

• Doesn’t support NFTs

Launched in early 2022, the latest offering of the French hardware wallet manufacturer is Web3-compliant and supports a host of DeFi and NFT applications, and also comes with a larger screen and more storage that allows you to install up to 100 applications.

On top of that, you can store over 5,500 different assets across various blockchains and send and sign your NFT transactions once you install Ledger Live—the company’s proprietary app and their one-stop shop for crypto and NFT trading and management.

10. Trust Wallet—Largest Selection of Cryptoassets

• Cryptoassets: 4.5 million
• Price: Free
• Type of wallet: Mobile wallet
• Security: Face and touch ID, military-grade encryption

No storage solution comes close to the asset support offered by Trust Wallet as it accepts over 4.5 million crypto coins and tokens across 65 blockchains. 

• Best-in-industry security

• Supports thousands of assets

• Smoother user experience over its predecessor

• Lack of iOS compatibility

It must be one of the best options as over 25 million people use Trust Wallet on their Android or iOS devices for buying, selling, exchanging, and storing NFTs and cryptoassets.

But to make it the best mobile wallet anywhere, the company has also implemented features such as earning a profit on staked coins, managing your NFT collections, tracking crypto prices in real-time, converting between asset types, and interacting with dApps.

11. Coinbase Wallet—Best Mobile Wallet

• Cryptoassets: Hundreds of thousands of ERC-20 and EVM tokens
• Price: Free
• Type of wallet: Mobile and web extension wallet
• Security: Face and touch ID, local Secure Element storage, cloud backup

Coinbase offers one of the best non-custodial crypto wallets available to Aussies as it gives you complete control over stacking and managing your keys and digital assets and the freedom to explore the decentralised web straight from your phone or web browser.

• Built-in DEX

• Support for millions of coins

• Play blockchain games

• No browser extension

Therefore, by getting the Coinbase wallet in Australia, you will not only be able to buy and sell cryptoassets and NFTs but browse a host of dApps that will allow you to earn yield on your assets, grow your collection, and swap coins and tokens on various DEXes.

Furthermore, if you are a verified Coinbase user, you can quickly link your Coinbase account with the wallet to immediately access all of your crypto in one place.

How to Choose the Best Cryptocurrency Wallet for You?

Here you’ll find a checklist of what we think you should look for when choosing the best crypto wallet in Australia.

• Access to most available dApps

• Sync with the Coinbase platform

• Available to non-Coinbase users

• Certain fees for crypto transactions

You Might be Interested in Best Crypto Tax Software in Australia

1. What is a cryptocurrency wallet?

Crypto wallets are unique software programs that prove ownership of and give you access to your crypto portfolio by safely storing all relevant password keys.

However, regardless of the type of crypto wallet you own, your assets are not located within it but are recorded and stored on the corresponding blockchain instead.

Also, in addition to your private password, your wallet also stores your public address and the public key connected to it that you use to receive funds.

Note that, as of now, over a million Aussies own some kind of cryptocurrencies that they can readily stock, send, and receive with the help of a crypto wallet.

2. Types of Crypto Wallets

Before learning where to buy a crypto wallet in Australia, review the different types of wallet options currently available, as some of them come for free, and they also vary in terms of security, ease of use, and other features to suit your exact trading habits.

In essence, there are two large groups of crypto wallets: hot and cold wallets.

Hot Wallets

Also known as software or digital wallets, these crypto storage options are mostly used by active traders as they offer a convenient and straightforward trading experience.

The most common types of hot wallets include desktop and mobile apps that you must install on your devices and web-based platforms accessible from anywhere.

However, to use any of the aforementioned wallets, you need an internet connection, meaning your cryptoassets are vulnerable to cyber attacks by scammers and hackers.

Cold Wallets

On the other hand, cold wallets are hardware tools available in several forms, such as paper cards, USB sticks, or other physical media used to store the proof of crypto ownership.

The appeal of this crypto storage type is that it does not require an internet connection, making it impervious to hacking, albeit with an increased risk of losing your wallet.

3. Supported coins

Are you looking for the best Bitcoin wallet in Australia, an Ethereum wallet, or a general-purpose wallet that can store hundreds of different currencies and tokens?

You have to ask yourself this important question when choosing a crypto wallet as they differ in the number and types of crypto assets they support.

For instance, while some crypto wallets accept only their native coins, there are multi-currency wallets that store the assets of most crypto networks out there.

4. Trading tools

Besides giving you access to your crypto holdings, most wallets come equipped with additional functionality that allows you to fully manage and use your digital assets.

For example, you may be able to send and receive your coins to other usernames (instead of long hexadecimal addresses), browse through decentralised finance apps (dApps), convert cryptocurrencies, and shop at online stores that accept crypto payments.

5. Security

As mentioned above, cold storage wallets are much more secure than internet-connected options as you can store your cryptoassets in inaccessible offline locations.

However, if you are an active trader in need of a hot wallet, look for one with advanced security features, including two-factor authentication and a withdrawal lock feature.

Even if you opt for the riskier option, you can still follow certain tips to protect your investment, such as keeping your private key to yourself, backing up your passwords, familiarising yourself with phishing attempts, and being mindful of where you use your wallet on the internet.

6. User experience

Since beginner investors often feel overwhelmed by the complexity of crypto platforms and their wallets, companies opt for easy-to-use wallet apps with streamlined user interfaces.

However, the best crypto wallet options also include advanced features in the background to cater to users with a deeper understanding of tech and crypto investing.

Therefore, even if you want to easily send and receive digital currency and occasionally check your balance, look for a crypto wallet that also offers innovative features that you can use later, such as multi-signature transactions and in-wallet exchange options.

Bottom Line

Hopefully, our list of the top cryptocurrency wallets available in Australia and the accompanying guide on picking the right one for your needs will help you find safe and secure storage for your cryptoassets, regardless of your trading frequency and the types of assets you own.

1. What is the easiest crypto wallet to use in Australia?

If you are looking for ease of use, check out the various software wallets you can easily navigate in your web browser or on your mobile or desktop devices like CoinJar or eToro.

2. What is the safest crypto wallet in Australia?

If safety is your main concern, you should go for hardware-based cold wallet like the Ledger Nano S Plus as its secure chip keeps your password keys offline.

3. How do I get a crypto wallet in Australia?

While most software-based wallets can be downloaded for free from their official sites, hardware wallets, like Ledger’s offering, have to be ordered from the brand’s online store.

4. Which crypto wallet is best?

As arguably the best crypto wallet in Australia, eToro supports a wide range of cryptoassets, offers a straightforward interface, and includes a slew of security and trading features.