One of the oldest global exchanges, operating locally through Bit Trade Pty Ltd with real AUD order books, PayID rails and professional-grade tooling.
One of the oldest global exchanges, operating locally through Bit Trade Pty Ltd with real AUD order books, PayID rails and professional-grade tooling.
Kraken serves Australians through Bit Trade Pty Ltd, a Sydney company it acquired in 2020 that is registered with AUSTRAC as a digital currency exchange provider. AUD deposits and withdrawals run on local rails and trading happens on genuine AUD order books rather than a brokerage spread.
Its most important local compliance event came in 2024: the Federal Court found Bit Trade had breached ASIC's design and distribution obligations by offering its margin extension product without a target market determination, and in December 2024 ordered a penalty of about $8 million. The product was reworked and the exchange kept operating - but it is a clear marker that ASIC treats Kraken's local arm as squarely within its reach.
Globally, Kraken has one of the longest security records of any major venue, with no major exchange-level hack since its 2011 founding, and publishes proof-of-reserves attestations.
Order-book venue: effective cost ≈ entry-tier taker fee + measured spread. Limit (maker) orders cost 0.40%. Figures match the Coindaily exchanges table and are modelled; check the live schedule before trading.
Trading fees, subscriptions, deposits and withdrawals
Spreads, deposit caps and the charges that do not appear on a fee page
Assets, Australian dollar pairs, staking and derivatives
Custody, reserves, insurance and self-custody
Entity types Kraken will onboard in Australia
Order types, recurring buys, tooling and access
Minimums, methods and settlement speed
What you get at tax time, and what you do not
Apps, account security and how you reach a human
The entity you are actually contracting with
Figures are read from Kraken's own fee schedule, support articles and Australian legal disclosures, plus live order-book data from its public API. Crypto platforms change pricing and product availability often - click source on any row to check it yourself, and dispute anything that looks wrong.
Yes. It operates locally as Bit Trade Pty Ltd, an AUSTRAC-registered digital currency exchange provider, with AUD deposits and withdrawals on local rails.
Yes. PayID and Osko deposits are supported and typically free, and AUD withdrawals settle to Australian bank accounts.
ASIC pursued Bit Trade over its margin extension product, which was offered without the target market determination required by design and distribution obligations. The Federal Court ordered a penalty of about $8 million in December 2024.
