This guide breaks down some of the best crypto and Bitcoin wallets available to Aussies.
These are some of the best beginner-friendly Bitcoin wallets in Australia:
- bitcoin.com.au – beginner-friendly Australian exchange wallet
- Ledger Nano X – best hardware wallet for offline storage
- Trezor Safe 3 – cheaper alternative to the Nano X
- Independent Reserve – trusted Australian exchange wallet, especially for SMSFs and companies
- Exodus – software wallet with broad asset support
- Trust Wallet – one of the best mobile software wallets
Table of contents
- Best exchange wallets
- bitcoin.com.au
- Independent Reserve
- Best software wallets
- Exodus
- Trust Wallet
- Best hardware wallets
- Ledger Nano X
- Trezor Safe 3
- Create your wallet
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 AUD 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.
bitcoin.com.au
Supported cryptocurrencies: 30+
bitcoin.com.au is a beginner-friendly, AUSTRAC-registered exchange for Australians getting started with crypto. It offers secure crypto wallets managed by the exchange, providing a simple way to buy and sell popular crypto like Bitcoin using Aussie dollars.
Features include:
- Beginner-friendly interface
- 24/7 dedicated customer support and secure account recovery options
- credit/debit card, bank transfers/PayID and PayPal deposits
- Supports crypto withdrawals to external wallets
- Expert VIP trading services via the over-the-counter (OTC) desk
- Tax reporting tools and SMSF support
Best for: Users new to crypto, looking for a safe and straightforward way to start trading.
Ease of use: Designed for everyday investors with no crypto experience. It has a clean layout, quick setup, and a great desktop and mobile app.
Security: Most crypto is safely stored offline in secure underground vaults; there’s always enough to match what customers own. The platform has never had a major security breach.
Independent Reserve
Supported cryptocurrencies: 30+
Independent Reserve is one of Australia’s oldest and most trusted exchanges. Independent Reserve exchange wallets are used by individuals, SMSFs, trust and institutional investors, and companies that value advanced trading, reporting, and multi-currency compatibility (AUD, USD, SGD, NZD).
Features include:
- Plenty of payment methods (PayPal, credit/debit card, bank transfers, PayID deposits)
- Advanced order types
- 24/7 dedicated customer support and account recovery
- Expert VIP trading services via the over-the-counter (OTC) desk
- Tax reporting tools and SMSF support
- Supports crypto withdrawals to external wallets for complete control
Best for: Users seeking a secure, regulated exchange wallet with strong compliance and professional tools.
Ease of use: Intuitive and professional interface. Great for finance-savvy users, but may feel technical for some beginners.
Security: Never hacked and maintains complete segregation of customer funds, ensuring you can withdraw when needed. Most user assets are stored offline.
Software wallets
A crypto and Bitcoin software wallet is a digital app or program that stores your private keys and lets you access, manage, and trade your Bitcoin and crypto. Compared to hardware wallets, software wallets are better suited to active users who trade regularly or explore DeFi (crypto tools for earning, lending, and trading).
Price: The wallets listed here are free to download and use. Just keep in mind that network fees apply when making crypto transactions or swaps.
Exodus
Supported cryptocurrencies: 100,000+ across 50+ blockchain networks
Exodus is a sleek, multi-platform wallet that makes it easy for Australians to manage Bitcoin and other crypto, NFTs (unique digital collectibles), and DeFi all in one place. It supports mobile, desktop, and Web3 browser use, great for users who want flexibility across devices.
Features include:
- Supports over 50 blockchains
- Built-in crypto swaps, staking, and portfolio tracking
- Syncs across devices using a single recovery phrase
- NFT support for Ethereum, Solana, and more
- Optional integration with Trezor hardware wallets for added security
Best for: Users looking for a beginner-friendly, secure desktop wallet with broad asset and blockchain support.
Ease of use: Intuitive and visually polished. While it’s ideal for desktop, it also works well on mobile and as a browser extension.
Security: Solid for a software wallet, with the added option to pair with a Trezor for cold storage protection.
Trust Wallet
Supported cryptocurrencies: 10,000+ (10M+ crypto assets)
Trust Wallet is a mobile-first crypto and Bitcoin wallet with over 200 million downloads, making it one of the most widely used wallets globally. It’s known for being easy to use while supporting a huge range of coins, tokens, and NFTs across 100+ blockchains, including Bitcoin, Ethereum, BNB Chain, and more.
Key features:
- Supports 100+ blockchains for storing crypto in one place
- Access DeFi apps via built-in browser or WalletConnect
- Open-source code, reviewed for security
- Stake coins like BNB or ATOM to earn rewards
- Store and manage NFTs from multiple networks
Best for: Users who want a secure, mobile-first wallet with wide asset coverage, easy DeFi access, and staking features.
Ease of use: Fast to set up and beginner-friendly. Because it runs mainly on mobile and connects through WalletConnect, it’s generally safer than browser-based wallets when it comes to phishing.
Security: Includes encrypted backups, biometric login via fingerprint or face unlock, and optional Secure Element support for extra protection.
Hardware wallets
A crypto hardware wallet is a physical device (usually shaped like a USB stick) that securely stores the private keys you need to access and manage your crypto. They’re often called “cold wallets” because they stay offline most of the time, only connecting when you’re using them.
Ledger Nano X
Price: Approximately A$259
Supported crypto assets: 15,500+
Ledger Nano X is the flagship hardware wallet from Ledger, a well-known French company with over 7 million devices sold globally. It connects via USB or Bluetooth, making it easy to use on both desktop and mobile.
Features include:
- Connects via Bluetooth or USB (compatible with iOS, Android, and desktop)
- Works with Ledger Live for tracking, swapping, and staking your crypto
- Can pair with wallets like MetaMask for DeFi and NFTs
- Protected with a PIN and includes a backup option
Best for: Anyone looking for a secure, mobile-friendly hardware wallet with great compatibility for DeFi, NFTs, and other third-party apps.
Ease of use: It’s beginner-friendly, with a step-by-step setup. Bluetooth makes it handy for users on the go, and it also works with software wallets like Exodus and MetaMask.
Security: Ledger Nano X remains one of the most trusted wallets for cold storage (i.e., offline), keeping your private keys offline and safe.
Trezor Safe 3
Price: Approximately A$178
Supported crypto assets: 9,000+
Trezor was the original hardware wallet brand, launching back in 2014. The Trezor Safe 3 is its latest model, released in late 2023. It connects via USB-C (no Bluetooth), making it a solid option for desktop users.
Features include:
- Open-source firmware with a built-in secure element chip
- USB-C connection for desktop and laptop use
- Can be linked with hot wallets to access DeFi apps
- Trezor Suite for managing assets, swaps, and buying crypto
- Supports NFT storage
Best for: Users who want a secure and budget-friendly hardware wallet for long-term storage.
Ease of use: Designed for beginners, especially for desktop use. You can manage your assets via Trezor Suite (on desktop or web), and connect it with wallets like Exodus or MetaMask for DeFi access.
Security: Combines the benefits of open-source firmware with a secure element chip. PIN protection and optional passphrase encryption add extra layers of security.
Create your wallet
To create your Bitcoin wallet with bitcoin.com.au, click here to create your account.
