Best Crypto Wallets in Australia for 2023 (Pros, Cons & Features)

Finding the best crypto wallet in Australia is not easy. With so many options on the market, it can be hard to know where to start. You need to consider what type of wallet you need, what features are important to you, and how much security you require.

To help you find the best crypto wallet for your needs, we’ve put together a list of the top ten wallets available in Australia. We’ve looked at features, security, and ease of use to find the best wallets for a range of different needs.

Best Crypto Wallets in Australia for 2023

1. ZenGo

ZenGo is a user-friendly cryptocurrency wallet that offers security and simplicity in equal measure. It’s one of the easiest wallets to set up and use, making it a great choice for beginners.

This wallet also features built-in security measures, such as military-grade encryption, two-factor authentication, and a host of other security features.

Features:

• Threshold signatures: Instead of private keys, ZenGo uses threshold signatures to secure your funds. This means that your funds are spread across multiple devices, making them much more difficult to steal.
• Ease of set up: ZenGo is one of the easiest wallets to set up. It doesn’t use the Know Your Customer (KYC) framework, so you can get started without providing any personal information.
• Built-in exchange: ZenGo has a built-in exchange that allows you to easily buy, sell, and trade cryptocurrencies.
• Above-average support team: If you need help, ZenGo’s support team is quick to respond and helpful.
• Support for multiple coins: This wallet supports over 70 crypro assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Polygon (MATIC), Uniswap (UNI), and more.

Best For: This wallet is best suited for beginners or those looking for a simple and user-friendly solution.

2. Tezro

Tezro is one of the most advanced cryptocurrency wallets on the market. It is a comprehensive solution that offers a wide range of features and supports a large number of assets. Its main selling point is its security, with 256-bit encryption, multisig support, two-factor authentication, and a host of other security features.

Features

Financial instant messenger: This is like having a bank in your pocket, allowing you to send and receive payments instantly.

• Tezro API: You don’t need a shopping cart or any other plugins, just integrate the Tezro API into your website or app and start accepting payments.
• Escrow: This feature allows you to hold payments in escrow until both parties have fulfilled their obligations.
• Built-in exchange: You can instantly exchange between different assets without having to leave the wallet.

Best for: This wallet is best for security-conscious users who need a comprehensive solution that supports a large number of assets.

3. Crypto.com

We cannot talk about the best bitcoin wallet in Australia without mentioning Crypto.com. They are a Hong Kong-based company that allows you to buy, sell, and store cryptocurrencies.

They also have a prepaid card that can be used to spend your cryptocurrencies anywhere that accepts Visa.

Features

Some of the best features of this wallet include:

• Multi-factor authentication (MFA): This adds an extra layer of security to your account.
• Two-factor authentication (TFA): This also adds an extra layer of security to your account.
• Fingerprint and TouchID: This makes it easier and more convenient for you to access your account.
• Robust compliance monitoring: This ensures that your account is compliant with all the necessary regulations. Private keys are stored offline and are not accessible by anyone except you.
• Supported currencies: Crypto.om supports many cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Binance Coin, and more.

Best For: This wallet is best for those looking for a secure and convenient way to store their cryptocurrencies.

4. Coinbase

One of the best cryptocurrency wallets Australia has to offer is Coinbase. This self-custodial wallet allows you to buy, sell, and store your coins in one place.

Coinbase also offers seamless dedicated customer support, making it a great choice for those new to the world of cryptocurrency.

Features

• Industry-leading encryption: Coinbase stores your private keys in an offline vault that is protected by a multi-sig scheme.
• Two-factor authentication: This adds an extra layer of security to your account, meaning only you can access your coins.
• Vault protection: Vault protection is defined as an extra security measure that adds a time delay to withdrawals, meaning your coins are safe even if your computer is hacked.
• FDIC insurance: US-based Coinbase accounts are insured by the FDIC, meaning your coins are protected in the event of a hack or bankruptcy. The maximum limit is $250,000.
• Offline storage: Coinbase stores your coins offline in a physical vault that is protected by state-of-the-art security.

Best For: Whether you are a beginner or a seasoned pro, Coinbase is a great choice for those looking for a reliable and user-friendly wallet.

5. Binance Wallet

Binance is one of the world’s biggest cryptocurrency exchanges. One of their most popular products is the Binance Wallet.

The Binance Wallet is a secure and easy-to-use wallet that allows you to store, send, and receive a variety of cryptocurrencies. It is a customizable and convenient wallet that has dedicated apps for iOS devices and Android devices. You can also access your Binance Wallet via the web.

The Binance Wallet supports a wide range of cryptocurrencies, including BBTC, ETH, XRP, BCH, LTC, EOS, XLM, TRX, ADA, and NEO. You can also use the Binance Wallet to store ERC20 tokens.

Features

Hierarchical Deterministic (HD) support: This means that your wallet’s keys are generated from a master seed. This makes it easy to back up your wallet and also reduces the risk of losing your funds if you lose your private key.

• In-app crypto conversions: The Binance Wallet allows you to easily convert between different cryptocurrencies without leaving the app.
• Multi-signature support: The Binance Wallet supports multi-signature addresses, which adds an extra layer of security to your funds.
• Secure Enclave technology: The Binance Wallet uses Secure Enclave technology to protect your private keys. This means that your keys are never stored on Binance’s servers and are instead encrypted and stored on your device.
• Simplified and Advanced views: The Binance Wallet has both a Simplified view, which is ideal for beginners and an Advanced view, which has more features for experienced users.
• SegWit and Bech32 address support: The Binance Wallet supports both SegWit and Bech32 addresses, which can help you save on transaction fees.

Best For: If you are an avid Binance user, then the Binance Wallet is a great option for you. It’s also a good choice if you are looking for an easy-to-use and feature-rich cryptocurrency wallet.

6. eToro

EToro is a social trading and multi-asset brokerage platform with offices in Cyprus, Israel and the United Kingdom. The platform allows users to trade cryptocurrencies, commodities, indices, stocks and ETFs.

Their crypto wallet is one of the most popular in Australia. This is because it provides users with a perfect blend of security, flexibility, convenience, and features.

EToro also allows users to copy the trades of other successful traders on the platform, which makes it ideal for those who are new to the world of cryptocurrency trading.

Features

• Unlosable private key: One of the best features of the eToro wallet is that it provides users with an unlosable private key. This means that even if you lose your phone or delete the app, you will still be able to access your funds.
• On-chain address: The on-chain address feature allows users to see their public and private keys as well as their crypto balances.
• Transactions: The eToro wallet provides users with a complete history of all their transactions.
• Security: The eToro wallet uses industry-leading security practices such as two-factor authentication and multi-signature technology.

Best For: Crypto enthusiasts with a soft spot for social trading, newbies, and those who want to copy the trades of successful traders.

7. Trezor

Trezor is one of the most popular cryptocurrency wallets with a strong focus on security. Trezor is a hardware wallet that stores your private keys offline and signs transactions.

This means that even if your computer is hacked, your coins will still be safe. Trezor is easy to use and integrates with a number of popular cryptocurrencies.

Features

• Offline storage: Trezor stores your private keys offline, which makes it impossible for hackers to steal your coins.
• Sign & Encrypt with GPG: GPG (GNU Privacy Guard) is a popular tool for encrypting and signing messages. Trezor can be used to sign and encrypt messages with GPG, adding an extra security layer.
• Password Manager: Trezor can be used as a password manager, allowing you to store your passwords securely on the device.
• Secure Admin SSH Access: Trezor can be used to secure SSH access to your servers. By storing the private keys on the device, you can ensure that only authorized users have access.
• Integrations: Trezor integrates with a number of popular third-party wallets, exchanges, and applications.

Best For: if you have a large amount of Bitcoin or other cryptocurrencies, Trezor is a good option for storing them securely. The offline storage and GPG integration make it a good choice for security-conscious users.

8. Trust Wallet

Supporting over 50 blockchains and over 1 million assets, it is easy to see why Trust Wallet is one of the greatest wallet in Australia. This is an HD wallet that gives users the opportunity to generate an infinite number of addresses from a single seed.

The interface is not as intuitive as some other wallets but it is still relatively easy to use. It also has a great mobile app that makes it even easier to use on the go.

Features

Browser for DApps: You can use Trust Wallet to access a variety of decentralized applications.

• In-app crypto purchases: Trust Wallet allows you to buy cryptocurrencies directly from the app. This is a great feature for those who want to invest in cryptocurrencies but do not have the time to go through a traditional exchange.
• Secure access: Trust Wallet uses a variety of security features to ensure that your funds are safe.
• Multi-factor authentication (MFA): You can enable MFA to add an extra layer of security to your account.
• Biometrics: Users with Apple M1-powered computers or mobile devices can use their Touch ID or Face ID to log into their accounts.
• Multi-signatures: This feature allows you to set up a wallet that requires multiple signatures in order to send funds. This is a great way to add an extra layer of security to your account.

Best For: Trust Wallet is best for those who want a secure and easy-to-use wallet that supports a large number of assets.

9. Exodus

If you are looking for a robust and feature-rich cryptocurrency wallet, then you should check out Exodus. It is a Multichain Web3 wallet.

This means you can connect to Solana, Ethereum, and Algorand apps on your browser extension.

Features:

• Built-in exchange: You can buy and sell cryptocurrencies directly from your Exodus wallet using the built-in exchange feature.
• Advanced security features: Exodus uses a host of advanced security features to keep your crypto safe, including two-factor authentication, 2FA, biometrics, and more.
• Staking: You can stake your cryptocurrencies on Exodus to earn rewards.
• Trezor partnership: Exodus has partnered with Trezor to offer hardware wallet support. This means you can store your crypto offline on a Trezor device for added security.

Best for: This wallet is a good choice for advanced users who want a feature-rich cryptocurrency wallet

10. Atomic Wallet

When answering the question what is the best bitcoin wallet in Australia, Atomic Wallet cannot be left out. It is a desktop wallet that is available for Windows, Linux, and Mac. The Atomic Wallet has a built-in atomic swap exchange that allows you to trade without any third-party involvement.

It also has a ShapeShift integration which makes it easy to convert between different cryptocurrencies. The private keys are stored on your device and are encrypted with a password.

Features

Secure: This wallet uses a rigid security protocol that makes it virtually hackproof.

• Multi-currency: You can store over 500 different types of cryptocurrency in this wallet.
• Cross-Platform: This wallet is available for Windows, Linux, and Mac.
• Anonymous: No KYC (Know Your Customer) or AML (Anti-Money Laundering) is required to use this wallet.
• User-friendly: The Atomic Wallet has a user-friendly interface that makes it easy to use for beginners.

Best For: This wallet is best for those who want a secure and anonymous way to store their cryptocurrencies.

How To Choose the Best Cryptocurrency Wallet In Australia

There are a few factors to consider when choosing the best crypto wallet for you. Here are some of the most important things to keep in mind:

• The type of cryptocurrency you want to store: There are different types of wallets for different types of cryptocurrencies. Make sure to choose a wallet that supports the type of currency you want to store. The best way to find out is to check the wallet’s website or contact their customer support.
• Your security needs: Some wallets are more secure than others. If you’re storing large amounts of cryptocurrency, or if you’re worried about security, it’s important to choose a wallet with good security features such as two-factor authentication and multi-sig support.
• Convenience: Some wallets are easier to use than others. If you’re new to cryptocurrency, you might want to choose a wallet that is easy to set up and use. However, if you value privacy and security, you might want to choose a more complex wallet.

Frequently Asked Questions

Are crypto wallets legal in Australia?

Crypto wallets are considered legal in Australia, and the government recognizes cryptocurrencies as digital assets. As such, people are permitted to hold, buy, and sell cryptocurrencies in Australia, and this includes using crypto wallets to store them securely.

What types of crypto wallets are available in Australia?

Australia has a range of crypto wallets available, including hardware wallets, software wallets (both hot and cold), and paper wallets, that people can use to store their cryptocurrencies.

What are the Safest Crypto Wallets in Australia?

Tezro, Trust Wallet, Exodus, and Trezor are some of the safest wallets in Australia. They all have good security features and are easy to use.

Which Cryptocurrency Wallet in Australia Has the Lowest Fees?

Tezro and Atomic Wallet are two wallets with the lowest fees. This is because they use the Lightning Network, which allows for cheaper and faster transactions.

What is the Best Bitcoin Wallet in Australia?

Tezro and Crypto.com are two of the best Bitcoin wallets in Australia. They not only offer great security features, but they also allow you to easily buy, sell, and store your Bitcoin.

Final Thoughts

Choosing the best Bitcoin wallet in Australia really depends on your own needs and preferences. All the wallets outlined above have been tested and reviewed by our team, but it ultimately comes down to what you value most in a wallet.

Make sure you test them all out for yourself and choose the one that you feel most comfortable with.

Remember, it doesn’t hurt to use more than one wallet, so feel free to mix and match from the list above.

Download Tezro app and keep your assets safe.

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