Best Crypto Wallets in Australia for May 2025

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Tsvetomir Koychev

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Tsvetomir Koychev

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Tsvetomir is a Crypto Editor and Writer at Cryptonews, where he produces data-backed and impactful content focused on cryptocurrencies, exchanges, wallets, and blockchain technology.

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May 14, 2025

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Having the best crypto wallet in Australia will ensure secure asset storage and management while also giving you access to the exciting world of Web3.

There are two categories of crypto wallets: cold wallets for secure asset storage and hot wallets for quickly and easily interacting with the blockchain and dApps. In this guide, we cover both options, having tested over 40 providers based on criteria like security, coin support, ease of use, and Web3 access.

During our assessment, Best Wallet and Ledger stood out from the competition in the hot and cold wallet categories, respectively. Read on to learn what sets them apart and explore some excellent alternatives for different needs.

Best Crypto Wallets for Australians in 2025 Overall

We tested over 40 hot and cold wallets to find the best options for Australian users based on criteria such as security, supported coins, ease of use, and availability in the country. Here are our top recommendations:

Best Wallet

Overall Best Crypto Wallet

• Non-custodial multi-chain wallet.
• Broad ecosystem of wallet features.
• Portfolio management and market insights within the wallet.

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9.7

Margex Wallet

Multicollateral Wallet With Low Trading Fees

• Low-cost crypto exchange with rapid execution speed
• Multi-collateral wallet allows you to deposit any crypto and trade almost every listed pair
• Up to 100x leverage available

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9.3

Ellipal Titan

Cold Wallet with Most Tokens Supported

• Supports over 10,000 tokens & NFTs
• Air-gapped security with anti-tamper features
• User-friendly interface

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8.6

Zengo

Safe Wallet with Staking and dApps

• Self-custodial crypto wallet with 1M customer base
• Multi-chain support powered by MPC for added security
• Buy, sell, send, receive and connect to Web3 dApps

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8.5

Ledger

Best Hardware Wallet for Security

• Securely stores sensitive data with a tamper-proof Secure Element chip
• Leger Live App allows you to buy, sell, swap and stake tokens all in one place
• Custom-built BOLOS operating system ensures app updates are carried out automatically

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8.2

The Best Hot Wallets in Australia Compared

In case you’re in a hurry, we’ve prepared a head-to-head comparison table of our top hot wallet picks for Australian users:

The Best Hot Wallets for Australia in 2025 Reviewed

Now, let’s have a closer look at the best hot wallets for Australian users. We’ve reviewed them best on their standout features, coin support, and user-friendliness to help you make an informed decision:

1. Best Wallet – Overall Best Crypto Wallet for Australians in 2025

Best Wallet is a hot wallet that supports 1,000+ across over 60 blockchains and seamless NFT management. It also offers responsive and intuitive mobile apps for iOS and Android, which make it an excellent option, even if it’s the first crypto wallet you’re using.

On top of this, Best Wallet offers a built-in DEX that lets you trade thousands of coins without leaving the app. The wallet doesn’t require KYC verification, making it an ideal option for Australians who wish to store and trade crypto anonymously.

Finally, Best Wallet will be airdropping 10% of the $BEST token supply to active wallet users in the near future, and $BEST token holders will receive exclusive wallet benefits, including no gas fees and access to the top crypto presales.

2. Zengo – Best Hot Wallet Solution for Security

The Zengo mobile wallet is a self-custody wallet with support for over 320 cryptocurrencies and NFTs on multiple blockchains. It also offers a dApp marketplace through the industry-wide dApp connection standard, WalletConnect. However, it caught our attention with its robust security features, including a recovery kit, 3D face-scan protection, and three-factor authentication (3FA).

Zengo also has an exceptional reputation with over 1 million customers, a 4.5-star rating on Trustpilot, and not a single reported hack.

In addition, those looking for extra security features can sign up for the Pro version ($19.99/month), which will give them Theft Protection, a Web3 Firewall, access to Legacy Transfer services, and priority customer support.

3. Margex Wallet – Best Crypto Wallet for Australian Traders

Margex is an ideal crypto wallet for Australian traders. It’s a custodial crypto wallet that stores your coins safely and gives you direct access to the Margex exchange and its advanced trading tools, with trading fees as low as 0.019% for limit orders.

It has an integrated copy trading feature where you can execute the same trades as successful and more experienced traders. Margex also supports over 50 cryptos and offers leveraged products, including perpetual futures with up to 100x leverage on Bitcoin.

It’s worth noting that the exchange puts a lot of focus on security by keeping most of its assets in cold storage and adding features like two-factor authentication (2FA). The platform is fully available in Australia and requires no KYC verification.

4. OKX Wallet – Best Australian Wallet for Crypto Swaps

OKX Wallet is a non-custodial crypto wallet that supports over 50 blockchain networks and hundreds of cryptos and NFTs. It offers a user-friendly experience and is available as both a mobile app and a browser extension.

It features an in-built aggregator tool connecting to over 200 external dApps to provide the most competitive rates for token swaps, and you’ll also appreciate the lack of swap fees and slippage risks. Furthermore, OKX also offers DeFi options for staking and yield farming with high returns, plus an NFT marketplace.

Apart from desktops, the OKX Wallet is also available via mobile apps for iOS and Android, making it quite convenient for managing crypto on the go. It also offers seamless integration with the OKX exchange, so you can trade with leverage or buy coins hassle-free.

5. Bybit – Bast Crypto Wallet for Australia for Web3 Access

Bybit Wallet is a custodial cryptocurrency wallet that offers Australian users direct access to the decentralized world of DeFi, GameFi, and NFTs. The wallet makes it easy for beginners to navigate and engage with Web3 technologies, and it has an integrated dApp aggregator where you can explore and learn about various Web3 applications.

If you’re into trading, Bybit gives you access to over 700 cryptocurrencies and is the second-largest exchange by trading volume after Binance, which ensures excellent liquidity.

The platform also offers a wide range of leveraged products, including perpetual futures with up to 200x leverage on Bitcoin. Bybit stores the majority of user assets in cold storage and uses a range of security features, including 2FA.

6. Binance Wallet – Best Crypto Wallet in Australia for Binance Traders

If you’re already trading on the Binance exchange, going for its self-custody Binance Wallet is a no-brainer. It offers a direct connection to the exchange, so you can transfer your funds between your self-custody wallet and exchange account in just a few clicks. You can also buy coins directly in the app using a bank transfer or credit card.

The wallet also enables seamless Web3 access support for hundreds of dApps, including decentralized exchanges, staking platforms, and NFT marketplaces.

Trading-wise, Binance is the largest exchange by volume, which means it offers second-to-none liquidity and instant order execution. It also supports over 480 cryptos and offers leverage of up to 150x on major coins like Bitcoin, plus an excellent launchpad for new and exciting projects.

7. CoinSpot – Top Crypto Wallet and Exchange for AUD Deposits and Withdrawals

CoinSpot is a crypto exchange with over 2.5 million customers, offering over 360 cryptocurrencies to trade. To simplify crypto onboarding, the exchange has created one of the best crypto wallets that lets you store coins from various blockchains, such as Ethereum and Bitcoin. Buying coins is easy and comes with some competitive fees of 0.1%.

Aside from buying and storing coins, the wallet lets you directly deposit and withdraw AUD via PayID, direct deposit, cash deposit, or BPAY. This makes it an excellent option for beginners who have never bought crypto before. Seasoned traders, however, can deposit or withdraw any coin and token listed on CoinSpot from their own personal crypto wallets.

As far as security goes, CoinSpot has implemented two-factor authentication to protect your assets. On top of that, it uses offline storage to keep the coins safe and has a HackerOne bug bounty program that rewards hackers who can manage to find exploits.

8. SafePal Wallet – Best Solution for Hardware Wallet Integration

SafePal offers hardware wallets and a wallet app, and the latter is impressive. It can store over 10,000 various cryptocurrencies and NFTs, and it lets you monitor your connection with dApps. One of its most important features is integration with Binance where you can seamlessly spot trade or do cross-chain swaps.

In addition, you can get the SafePal S1 hardware wallet to ensure maximum security for your assets. It costs an affordable $49 and offers fully air-gapped operation, meaning it doesn’t connect to the internet and keeps your private keys offline at all times.

Since the wallet lets you interact with dApps, you can play crypto games or interact with NFTs across various chains. All this makes SafePal an excellent choice for crypto enthusiasts looking for an all-in-one multi-chain crypto wallet.

9. MetaMask – Best Wallet Australia for ERC-20 Tokens

The MetaMask wallet is considered one of the OG non-custodial wallets for Ethereum and ERC-20 wallets, and it continues to keep pace with Web3 trends and rank amongst the best crypto wallets.

MetaMask supports virtually any EVM-based blockchain, which means you can access the whole Ethereum ecosystem, including the numerous established layer 2s, new projects, and Ethereum meme coins.

In addition, MetaMask lets you connect to and use virtually any dApp. While originally being only a browser extension, the wallet is now also available as a mobile app, allowing you to manage your funds on the go. Metamask is a self-custody wallet and offers solid security via passphrases and 2FA.

The 4 Best Cold Wallets for Australia at a Glance

Now, if you’re after top-notch security for your crypto assets, a cold hardware wallet is the way to go. Here’s a comparison between our top 4 picks:

The Best Australian Cold Wallets for 2025 Reviewed

After testing over 20 cold wallets first-hand, only four providers made our shortlist. If you still can’t decide which option to go for, check out our detailed reviews below:

1. Ledger – Overall Best Crypto Hardware Wallet in Australia

As far as crypto cold wallets in Australia go, Ledger is one of the most popular options. It has four models you can choose from – Ledger Nano S Plus, Ledger Nano X, Ledger Stax, and Ledger Flex. The S Plus and X models are excellent entry-level devices, protected by Secure Element chips, while Stax and Flex offer large touchscreens and are perfect for NFT storage and management.

We found all models very easy to use, with the setup process taking no longer than five minutes. You can also connect the hardware devices to both desktops and smartphones, so you have access to your funds wherever you are.

Furthermore, you can buy and sell cryptocurrencies through the Ledger Live app, where you can also monitor your portfolio’s value in real-time. Through this service, you can also stake native blockchain tokens to earn variable APYs.

2. Ellipal Titan 2.0 – Best Australia Wallet for Air-Gapped Operation

The Ellipal Titan 2.0 features no connectivity whatsoever – it’s updated via microSD card – and is highly focused on security. Having no possible connections to other devices might sound complicated, but it makes security virtually bulletproof, and the Ellipal Titan is still easy to use, as you only need to scan a QR code to transact.

The wallet is also tamper-proof, erasing the device’s data should someone try to break open the metal case to access its inner workings, making it highly resistant to physical and supply chain attacks.

Ellipal supports over 10,000 tokens and top blockchains like Bitcoin, Ethereum, and Solana, along with ERC20, BSC, TRX, and HECO tokens. You can also store and view NFTs from Ethereum and Polygon. Staking is available for some blockchain-native tokens like ADA, DOT, and ATOM.

3. NGRAVE Zero – Best AU Wallet for Advanced Security

NGRAVE Zero is a premium hardware wallet that looks like a smartphone device. It boasts a color touchscreen where you can seamlessly sign transactions and monitor your portfolio. On top of that, it comes with the highest security rating of EAL7. For comparison, some of the most popular cold wallets have an EAL5 or EAL6 certification.

There’s no wireless connection that could be potentially exploited, meaning transactions are approved via QR code scanning. With safety features like anti-tampering protection, fingerprint scanning, and fully air-gapped operation, there’s no doubt that this is the safest cold wallet you can get.

However, at $389, it’s also one of the most expensive wallets, which may deter budget-conscious or those who store relatively small amounts of crypto.

4. Trezor Safe 3 – Best Value-for-Money Australian Wallet

The Trezor Safe 3 comes from SatoshiLabs, the producer of the first hardware wallet and one of the most trusted hardware wallet companies out there. The wallet costs only $79, and it can store thousands of tokens across 15+ blockchain networks.

The Trezor Safe 3 uses a Secure Element (EAL6+) chip to store the user’s private keys – the same chip that is used in credit cards and passports – and you can also add a passphrase for further protection for your assets. What’s more, assets on Trezor devices are secured using open-source code.

While it doesn’t have Bluetooth, you can still connect your Trezor device to Android smartphones via cable, allowing for mobile transactions and asset management. The device also supports staking and Web3 access through the companion Trezor Suite app.

What is a Crypto Wallet?

Crypto wallets are an essential part of Web3, securely storing a user’s funds while allowing them to send and receive tokens, connect to dApp, and interact with everything Web3 has on offer.

How do Crypto Wallets Work?

Crypto wallets use a pair of cryptographic keys to prove ownership of funds and to authorize the movement of those funds. This pair of keys are known as a public key and a private key and together they secure your account and blockchain interactions.

• Public Key: This is open to everyone on the system and is used when you want to receive cryptocurrencies from another user, it can be thought of as your account number.
• Private Key: Akin to a password or pin, this is the key that is used to authorize and sign transactions from your wallet. This should never be revealed to anyone.

What is the Difference Between a Hot and a Cold Wallet?

Hot wallets are kept on machines that are connected to the internet, this comes with an increase in convenience and the ability to quickly perform transactions, but also increases their susceptibility to hacking and attacks.

Cold wallets are not connected to the internet, significantly reducing their susceptibility to hacks but also reducing the speed at which a user can interact with their assets. These are typically called hardware wallets and are the best way to store your assets safely.

What’s the Difference Between a Custodial and Non-Custodial Wallet?

A custodian, according to Merriam-Webster, is “one entrusted with guarding and keeping property.”

If a third party controls the keys to your wallet, e.g., if your wallet is on a centralized exchange, then it is a custodial wallet, and they are the custodians of your funds—they are responsible for the security of those funds.

If you control the private keys to your wallet, like with a cold wallet, then this is a non-custodial wallet because you are the one responsible for the security of those funds. You will have a seed phrase that is used to generate these keys should you lose access to your wallet.

How to Set Up a Crypto Wallet in Australia

The process for setting up a crypto wallet is different for custodial and non-custodial wallets. For a custodial wallet, users must simply create an account with the provider, e.g. a centralized exchange, and complete the mandatory KYC requirements to be able to use the platform.

For those looking to set up a non-custodial wallet, like one of the best crypto cold storage wallets in Australia, here are the 5 simple steps you’ll go through:

• Step 1: Follow the steps to connect your hardware wallet to your computer or download your chosen non-custodial wallet from a trusted source.
• Step 2: Begin the setup process and clearly and cleanly write down your seed phrase on a piece of paper. Do not store it digitally, neither as text nor as a photo.
• Step 3: Confirm your seed phrase with the wallet by reentering it into the wallet app.
• Step 4: Create a strong but memorable password for your wallet and save it.
• Step 5: Confirm your password and create your wallet. Your non-custodial wallet is now ready to go!

Once this process is complete, secure your seed phrase where no one you don’t trust can access it as it gives anyone complete access to your wallet.

What Should Australian Users Look for When Choosing a Crypto Wallet?

Everyone’s purpose is different, so what you look for in a wallet may be different from the next person. However, the below list contains some of the most commonly cited decision-making factors.

• Supported Cryptocurrencies: Ensure that the networks you want to transact on are accessible through this wallet.
• Custodial or Non-Custodial: If you’re looking to secure assets in self-custody, make sure to choose a non-custodial wallet.
• Hot or Cold Wallet: If you’re looking to safely store a long-term investment, then pick a cold wallet. If you want to interact with the blockchain regularly then consider a hot wallet.
• Security Features: Besides a password, many wallets will offer features like 2-factor authentication for transactions. Choose a wallet with the security features you need.
• User Friendliness: A wallet should be intuitive to use, lest you get confused or miss the opportunity to make a trade.
• Reputation: The wallet developer’s current reputation is an important indicator of their future performance; pick one you can trust today for a more secure tomorrow.

Conclusion – Choosing the Best Crypto Wallet for You

You now have our top picks for the best hot and cold wallets for Australian users. We tested and assessed over 40 providers, and these are the 14 best options, each offering robust security and a wide range of quality-of-life features.

However, we recommend Best Wallet as the overall best option. It’s a hot, self-custody wallet that doesn’t skimp on security. It also features a built-in decentralized exchange with some of the lowest fees in the industry. Add to that its support for over 1,000 coins across 60+ networks, and you get a crypto wallet few competitors can match.

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Best Crypto Wallet Australia FAQs