This blog covers some of the best crypto wallets in Australia, including the best hardware, software and exchange wallets. Key considerations included security, additional features, ease of use, reputation and history, range of cryptocurrencies available, and price.
These are the best crypto wallets in Australia:
- Ledger Nano X – best hardware wallet for safety
- Trezor Safe 3 – cheaper alternative to the Nano X
- Exodus – software wallet with broad asset support
- Independent Reserve – trusted Australian exchange wallet, for individuals, SMSFs and companies
- bitcoin.com.au – beginner-friendly Australian exchange wallet
- Trust Wallet – one of the best mobile software wallets
- Metamask – popular ETH-compatible browser software wallet
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Software wallets
A crypto software wallet is a digital application or program designed to store private keys and enable users to access, manage, and trade their cryptocurrency. Software wallets can be hot wallets (connected to the internet) or cold wallets (offline, though less common). Compared to hardware wallets, software wallets are ideal for more active users (who like trading or browsing DeFi).
Price: The software wallets in this list are free to download and use, but network fees will apply for crypto swaps.
Exodus
Supported cryptocurrencies: 100,000+ across 50+ blockchain networks
Exodus is a polished multi-platform wallet that offers full-featured mobile and Web3 browser support. This makes it easy for Australians to manage crypto, NFTs, and DeFi across multiple chains.
Features include:
- Supports 50+ blockchains
- Built-in swaps, staking, and portfolio tracking
- NFT gallery for Ethereum, Solana, and more
- Sync across devices with one recovery phrase
- Trezor hardware wallet integration for extra security
Ideal for: users who want a secure, beginner-friendly desktop wallet with wide asset support.
Usability: intuitive and visually clean. Ideal for desktop users but also includes mobile and browser extension options.
Security: Trezor integration adds cold wallet protection.
Trust Wallet
Supported cryptocurrencies: 10,000+ (10M+ crypto assets)
Trust Wallet is a mobile-first wallet with over 200 million downloads. Known for its ease of use, it supports many coins, tokens, and NFTs across dozens of blockchains, including Bitcoin, Ethereum, BNB Chain, and more.
Key features:
- Supports 100+ blockchains
- Web3 browser (Android) + WalletConnect
- Open-source and audited
- Built-in staking for coins like BNB and ATOM
- In-app NFT management
Ideal for: users who want a mobile-first wallet with broad asset support and easy DeFi access/staking.
Usability: it’s quick to set up and beginner-friendly. Phishing risk is lower than browser wallets, as it runs mainly on mobile and connects securely via WalletConnect.
Security: The wallet includes encrypted backups, biometric login (via your phone’s fingerprint or face unlock), and optional Secure Element protection.
MetaMask
Supported crypto assets: All Ethereum-compatible tokens and networks
MetaMask is a leading Web3 wallet available on mobile and browser. Originally built for Ethereum, it now supports Ethereum Virtual Machine (EVM) networks, including BNB Chain, Polygon, and Arbitrum.
Features include:
- Built-in token swaps and gas fee controls
- Easy to use and simple interface
- Phishing detection and scam warning tools
- Direct connection to NFT marketplaces and DeFi apps
- Hardware wallet support (Ledger, Trezor)
- You can connect wallets from other blockchains (like Solflare for Solana) with MetaMask to access Solana-based dApps
Ideal for: users who want flexibility across DeFi, NFTs, and multichain Web3 apps using a trusted, widely adopted wallet.
Usability: best for crypto-savvy users. As a beginner, be cautious when using browser-based dApps to avoid phishing scams. Browser extension + iOS & Android apps are available.
Security: solid for online use and has added scam protection tools. For enhanced security, MetaMask can connect to a hardware wallet for offline approvals.
Hardware wallets
A crypto hardware wallet is a physical device (often shaped like a USB thumb drive) designed to securely store private keys required for accessing and managing cryptocurrency holdings. They are generally called “cold wallets” (i.e., offline except when in use).
Ledger Nano X
Price: Approximately A$259
Supported crypto assets: 15,500+
Ledger Nano X is the flagship hardware wallet from Ledger, a trusted French company with over 7 million devices sold worldwide. It connects via USB or Bluetooth, making it ideal for use on both desktop and mobile.
Features include:
- Bluetooth and USB connectivity (iOS, Android, desktop)
- Ledger Live for portfolio tracking, swaps, and staking
- Pair with wallets like MetaMask for DeFi and NFTs
- PIN protected with a backup
- A battery that can remain powered on standby for months
Ideal for: users who want a secure, mobile-friendly hardware wallet with strong third-party integrations.
Usability: beginner-friendly. The setup is guided and mobile-compatible. Bluetooth support makes it convenient for users on the go. It can optionally pair with software wallets like Exodus and MetaMask.
Security: Ledger Nano X remains one of the most trusted wallets for cold storage (i.e., offline).
Trezor Safe 3
Price: Approximately A$178
Supported crypto assets: 9,000+
Trezor is the original pioneer of hardware wallets (launched in 2014). Trezor Safe 3 is a new-gen model (released in late 2023). It connects via USB (no Bluetooth).
Features include:
- Open-source firmware with secure element chip
- NFT storage
- USB-C connection for desktop/laptop use
- Can be linked with a hot wallet to browse DeFi apps
- Trezor Suite for managing assets, swaps, and buying crypto
Ideal for: users who value security, transparency, and long-term storage at a more affordable price point.
Usability: It is best suited for desktop users. It is easy to set up and beginner-friendly. Manage assets via Trezor Suite (desktop or web) and optionally pair with wallets like Exodus and MetaMask for DeFi.
Security: The device combines open-source firmware with a secure element chip for extra protection. It also includes PIN and optional passphrase encryption.
Exchange wallets
An exchange wallet is a custodial wallet provided by a crypto exchange, meaning the platform holds your assets and private keys on your behalf. These beginner-friendly wallets combine trading, secure crypto storage, and fiat deposits and withdrawals in one place — but you don’t control your private keys.
Price: Free to use with an exchange account. Trading and network fees apply.
Independent Reserve
Supported cryptocurrencies: 30+
Trading fees: 0.5% – 0.02%*
Independent Reserve is one of Australia’s oldest and most trusted exchanges, having been awarded Digital Currency Exchange of the Year. Independent Reserve exchange wallets are used by individuals, SMSFs, trust and institutional investors, and companies that value security, advanced trading, reporting, dedicated customer support, and multi-currency compatibility (AUD, USD, SGD, NZD).
Features include:
- ISO 27001 certified, meeting the highest international security standards
- PayPal, credit/debit card, bank transfers, PayID deposits
- Advanced order types and expert VIP trading services via the OTC desk
- 24/7 dedicated customer support
- Tax reporting tools and SMSF support
- Supports crypto withdrawals to external wallets for complete control
- AUSTRAC-registered
Ideal for: users seeking a secure, regulated exchange wallet with strong compliance and professional tools.
Usability: intuitive and professional interface. Great for finance-savvy users, but may feel technical for some beginners. 24/7 customer support and account recovery options.
Security: never hacked and maintains complete segregation of customer funds, ensuring you can withdraw when needed. Most user assets are stored offline (cold storage) in secure underground vaults. Account security includes features like 2FA and withdrawal address whitelisting.
*Reduced trading fee percentages are based on large-volume transactions or the volume purchased over a 30-day period.
bitcoin.com.au
Supported cryptocurrencies: 30+
Trading fees: 1%
bitcoin.com.au is a beginner-friendly, AUSTRAC-registered exchange for Australians getting started with crypto. It offers secure custodial wallets and a simple way to buy and sell popular coins using AUD — you don’t have to manage private keys directly.
Features include:
- Beginner-friendly buy/sell interface with no trading jargon
- PayPal, credit/debit card, bank transfers, PayID deposits
- ISO 27001 certified, meeting the highest international security standards
- Supports crypto withdrawals to external wallets for full control
- AUSTRAC-registered
Ideal for: users new to crypto who want a safe and simple entry point.
Usability: it is designed for everyday investors with no crypto experience. It has a clean layout, quick setup, and a great desktop and mobile app. It also offers always-on customer support and secure account recovery options.
Security: your crypto is safely stored offline; there’s always enough to match what customers own. The platform has never had a major security breach.
Learn more about the fees charged by Australian crypto exchanges.
Identification requirements
You don’t need ID verification to use software or hardware wallets. But if you’re buying crypto with Australian dollars, linking a bank account, or using an exchange, ID is required.
Exchange wallets ask for ID to meet Australian regulations and support secure, easy crypto buying with AUD. It’s an extra step, but it helps protect users and prevent fraud.
Key considerations
Most Australian crypto users benefit from using a mix of wallet types, where each serves a different purpose:
- Exchange wallets (e.g., Independent Reserve): great for quick trades, buying with AUD, or cashing out. Some include a wide range of trading features and tools.
- Software wallets (e.g. Exodus): ideal for DeFi or managing NFTs.
- Hardware wallets (e.g. Ledger): strong security for long-term holdings offline.
You can also use them together — for example:
- Connect your hardware wallet (e.g., Ledger Nano X) to your software wallet (e.g., MetaMask) for safer DeFi access.
- Use Independent Reserve to buy and sell crypto and link to a software wallet (like Exodus) to engage in staking or other DeFi opportunities.
Each wallet has a role. Combining them gives you both flexibility and security.
Create your wallet
Whether you’re an individual or representing a company, a trust or an SMSF, we can cater to your needs. Click here to create your Independent Reserve account.
