Digital Surge is the best platform for beginners and we ranked it 2nd overall out of 16 platforms
After reviewing 16 Australian platforms, Digital Surge was our top platform for beginners thanks to it's simple navigation, 270+ coins and fair pricing. They also have free deposit and withdrawals for Australian dollars and 7-day customer support. The downsides are you can find platforms that are cheaper overall or have more features.
Pro Trading Terminal
Uses Cold Storage?
Ever Been Hacked?
See Account Activity
Crypto Withdrawals Allowed
🏦 Deposits & Withdrawals
$100 Buy After All Fees
$100 Sell After All Fees
Best Deposit Fee
Best Withdrawal Fee
BTC Spread (Dec 17, 21)
BTC Withdrawal Fee
Direct Bank Transfer
Other Fiat Currencies
- Table last updated: Dec 17, 2021
- Total fees and spread was tested Dec 17, 2021 and is subject to change
Digital Surge is a crypto exchange founded in 2017 that operates out of Brisbane, Australia. Their vision is to make crypto safe and easy to understand and so far they've done a good job. They have 260+ cryptocurrencies and a very user-friendly platform with beginner and advanced features.
Are They Legit?
Yes, Digital Surge is a registered Australian business that's ASIC and AUSTRAC regulated (ACN 620473109). Simply put, this means they are following laws in the Australian financial sector and can legally offer their services throughout the country.
Platform & Features
Digital Surge has a sleek user-interface and everything is thoughtfully designed. Here's a full list of what you can do on the platform:
List of Features:
- iOS, Android and Web app
- Instant buy and sell
- Some advanced trading
- Recurring purchases
- Earn crypto
- Pay your bills with Bitcoin
- Refer a friend program
- 7 days a week customer support
1. iOS, Android and Web App
Digital Surge offers a very user-friendly browser experience whether you're on your desktop or mobile phone.
2. Instant Buy and Sell
Easily and quickly set instant orders for the fastest way to trade 270+ cryptocurrencies. This is convenient whether you're a beginner or want to save time. Every coin also includes a description about the asset with a link to the official website and more.
3. Advanced Trading
More advanced users can toggle on/off charts from TradingView, get access to technical indicators, go fullscreen mode on charts and set different order types like stop loss, limit orders and market orders. However, it doesn't offer a full professional trading terminal.
4. Recurring Purchases
Set up recurring deposits and recurring purchases if you want to automate your investing. You can create multiple recurring payments for various coins and customize the dates, time of day the purchase is made and the frequency (hourly, daily, weekly, biweekly, etc).
5. Earn Crypto
Earn between 5% to 23% APY on over 10 digital assets including ADA, ATOM, SOL, DOT, FLOW, and more. This features was recently launched and you can find more details here.
6. Pay Your Bills With Bitcoin
This feature lets you instantly pay bills to your credit card, bank account or BPAY payments. All that's required is to enter your BPAY biller code and BPAY reference number. You can pay using your Digital Surge wallet or an offline wallet.
7. Refer a Friend Program
Invite friends to join Digital Surge and you can earn up to 50% of their trading fees.
8. Other Features
- Save coins to your watchlist
- Export transaction history
- Set custom price alerts via SMS or email
- Create API keys
- View the latest crypto news from around the world
- Free education hub and blog, no account required
Digital Surge offers a live chat support if you need to speak with their team. We could not find their hours of operation but they are available 7 days a week and claim the usual response time is under 5 minutes. In addition, they also have a help center with a few FAQs and walkthroughs.
To get started, you can open a Digital Surge account with just an email. However, to trade, deposit and withdraw you will need to verify your account which takes 5 minutes if you have your documents ready.
Digital Surge requires government issued ID and other personal info by law in Australia. Once that's provided, most users will be instantly verified and ready to trade in minutes.
Can You Trust Digital Surge?
Yes, we consider Digital Surge a safe crypto exchange. They are regulated in Australia, they hold the majority of assets in offline storage and they have 2FA for all withdrawals. There is also no reports of security breaches or hacks so far.
A crypto exchange can be safe but there is still a small risk of hacks, exit scams, government confiscation and more. The safest way to store your crypto is offline and when you own the private keys. That's why we recommend a hardware wallet for large amounts or long term holdings.
Company Security Features
- ASIC and AUSTRAC regulated company in Australia (ACN 620473109)
- They hold the majority of users funds in offline storage (they don't say how much)
- Regular security testing and updating
- All employees must pass a criminal background check
- See the rest here
User Security Features
- 2FA for logins and withdrawals
- Biometric login (Face ID and finger ID)
Deposits & Withdrawals
Digital Surge has a tiered trading fee system which ranges between 0.50% to 0.10%:
Price Test (Dec 17, 2021 at 1:17pm)
Spreads and prices change daily so this data is subject to change.
The "$100 After All Fees" adds everything from when you deposit money to make your order plus the reference price difference.
The price test was conducted by logging into all platforms simultaneously and collecting buy/sell orders. We did this as quickly as possible (within minutes) in order to be as accurate as possible since prices can change rapidly. Find out more about our testing process.
Digital Surge had fair pricing when tested against 15+ crypto exchanges. The total BTC purchase fee on Digital Surge was 1.04% (6th place) and the total BTC selling fee was 0.27% (5th place).
The lowest fees overall were on Binance AU (0.15% total purchase fee) and Kraken (0.43% total purchase fee).
🔍 Digital Surge Compared
Here are the best crypto exchanges for Australians right now. We assessed 16 platforms across 60 variables and 950+ data points.
Compare Australia's Top Cryptocurrency Exchanges
No. Digital Surge's website and security section makes no mention of customer accounts or coins being insured.
Yes. Digital Surge is a custodial wallet meaning they hold the private keys on your behalf. In other words, you are trusting Digital Surge to keep your crypto safe. Your account comes with a unique wallet for every coin that's supported that let's you deposit and withdraw.
Absolutely. Australia has a strict financial sector and Digital Surge is AUSTRAC and ASIC regulated. In other words, they are legally allowed to offer their services throughout Australia.