Pepperstone Crypto exchange review 2026

A summary of Pepperstone Crypto's operator, costs and custody

AUSTRAC's Virtual Asset Service Provider Register, searched on 9 October 2026, returned Pepperstone Digital Pty Ltd with no conditions shown; the exchange states it is not an Australian Financial Services Licence holder, and ASIC's licensee dataset lists no licence for the entity. The Pepperstone licensee in it, Pepperstone Group Limited, issues Pepperstone's crypto CFDs. Trading runs on seven AUD order books; other assets swap through Convert. Our arithmetic puts a A$1,000 market order's cost at about A$1.68 against the mid price (0.168%).

The Terms put wallet crypto's legal title with Pepperstone Crypto or a third party, leave the client no key control, place client AUD in pooled bank accounts and make clients unsecured creditors on insolvency. Its help centre reports most client funds in cold wallets. No proof-of-reserves report was found on Pepperstone Crypto's public website or help centre when they were searched on 9 October 2026. The ASIC Moneysmart, IOSCO I-SCAN and Hong Kong SFC alert lists, searched on 9 October 2026, showed no entry about Pepperstone Digital or Pepperstone Crypto, only impersonator or Pepperstone Group entries.

Pepperstone Crypto spot trading fees and Convert pricing

Pepperstone Crypto publishes its charges on an Australian fees page. The spot exchange applies one flat standard rate to both maker and taker sides, unchanged across assets and volume on the fees page, while spread is a separate variable cost; the home page adds that fees for high-volume clients can be lowered to as little as 0.01% at Pepperstone Crypto's discretion. This is Pepperstone Crypto, a spot exchange per the provider's site, not Pepperstone's CFD brokerage.

What buying A$1,000 of Bitcoin costs on Pepperstone Crypto

Our arithmetic from published fees and the BTC/AUD order book shown on pcrypto.com at 2:56 pm AEDT on 9 October 2026.

• Purchase: A$1,000 of Bitcoin with a market order on the BTC/AUD order book (the example we chose)
• Best ask: A$118,084.60 for up to 0.01 BTC (A$1,180.80), so the whole order fills at one price (BTC/AUD order book, 2:56 pm AEDT, 9 October 2026)
• Best bid: A$117,924.30 (same capture)
• Mid price: A$118,004.45, halfway between the best bid and the best ask (our arithmetic)
• Trading fee: 0.1% flat maker and taker fee (fees page, checked 9 October 2026)
• AUD deposit and withdrawal fees: none (same page)
• Bitcoin withdrawal fee: 0.000015 BTC (withdrawal fee table, updated 9 October 2026, checked 14 October 2026)

Pepperstone Crypto coins and trading pairs

The help centre's list of supported assets, updated 1 October 2026, names 222 assets: 182 cryptocurrencies and 40 tokenised US stocks and ETFs. AUD is the only fiat currency. Spot trading runs on seven AUD order books: BTC, ETH, LTC, SOL, USDC, USDT and XRP, with a minimum order value of A$5. The remaining assets are bought and sold through Convert, which quotes a rate for an instant swap.

Order-book markets and the A$5 minimum order value: Pepperstone Crypto's public platform settings behind its markets page, read 9 October 2026.

Pepperstone Crypto's range includes:

• Major crypto assets such as BTC, ETH, SOL, LTC and XRP
• Stablecoins such as USDT and USDC
• Layer 1 and Layer 2 assets such as ADA, AVAX, DOT, SUI, TRX and NEAR
• DeFi names such as LINK, UNI, AAVE, PENDLE and SYRUP
• AI tokens such as FET, GRT, RENDER, TAO, VIRTUAL and WLD
• Meme coins such as DOGE, PEPE, SHIB, FLOKI, TRUMP and WIF
• RWA and commodity-linked tokens such as ONDO, XAUT and LINK
• GameFi tokens such as AXS, CHZ, GALA, IMX, RON and SAND

Market categories

Pepperstone Crypto's market categories overlap, so the same coin can appear in more than one section. For example, Pendle and Maple Finance appear under DeFi and Real World Assets (RWA), while Immutable and Ronin appear under Layer 1 and Layer 2 and GameFi.

Source: the market categories on Pepperstone Crypto's markets page (public platform settings), read 9 October 2026. Categories overlap, so the counts do not add up to the total.

Tokenised US stocks

Pepperstone Crypto offers 40 tokenised US stocks and ETFs. According to its help centre, each token tracks the price of a US-listed company or ETF; the holder does not own the share, receives no dividends and has no voting rights. They trade through Convert only, with no fee but a spread, in fractional amounts, and trading runs 24/7 in AUD. They cannot be withdrawn or transferred off the platform.

AUD-only fiat markets

Pepperstone Crypto is an AUD-only exchange: you deposit AUD, trade in AUD and withdraw AUD to a bank account in your own name.

The limitation is that Pepperstone Crypto is not a multi-fiat exchange, so you cannot use US dollars (USD), euros (EUR), or British pounds (GBP) for payments and withdrawals.

Order book and Convert trading

Pepperstone Crypto uses order book trading for its spot exchange markets and Convert for instant swaps at a quoted rate.

On the order book you can see bids, asks, recent trades and market depth, and place market, limit, stop-market and stop-limit orders.

Pepperstone Crypto trading platform and app

Pepperstone Crypto runs on its own web platform and mobile app.

The platform's trading tools include:

• Market orders
• Limit orders
• Stop-market orders
• Stop-limit orders
• TradingView-style charts
• Order book and market depth
• Recent trades
• Order and Convert history
• Convert for instant swaps

Sources: the help centre guide to order types, the order history guide , the public BTC/AUD trade screen and the pcrypto.com home page (iOS and Android apps), checked 9 October 2026.

The main limitation is that Pepperstone's CFD trading platforms (MetaTrader 4, MetaTrader 5, cTrader and TradingView) are not used here; the Trading Rules say the exchange is accessed through its own web interfaces and APIs. So if you are coming from Pepperstone's ASIC regulated broker branch, you will be using a different platform and account.

Pepperstone Crypto regulation and security record

Pepperstone Crypto is operated by Pepperstone Digital Pty Ltd and is an entirely different entity from Pepperstone's CFD broker services. This distinction matters because the crypto exchange has its own terms, onboarding process, custody model and financial regulation requirements.

Pepperstone Crypto states that it is registered with AUSTRAC for digital asset services under registration number 100889269; the register itself lists Pepperstone Digital Pty Ltd without showing a number. This means Pepperstone Crypto must meet Australian AML/CTF requirements, including identity checks and transaction monitoring (AUSTRAC factsheet for virtual asset service providers), but it's not regulated in the same way as Pepperstone's brokerage where you are leveraged trading crypto CFDs.

Currently, Pepperstone Crypto is only available to eligible Australian residents. Before you can start trading crypto, you need to complete KYC, and fiat deposits and withdrawals must be linked to a bank account in the same name as your Pepperstone Crypto account.

AUSTRAC registration and licence status

Sources: the AUSTRAC register, ABN Lookup, the pcrypto.com footer and the ASIC AFS licensee dataset, checked 9 October 2026.

Custody terms and reserve reporting

Under clause 9.3 of its Terms, Pepperstone Crypto or a third party holds legal title to crypto in the Pepperstone Wallet, and the client has no direct control of the crypto or private keys. Clause 17.4 leaves the client no legal interest in that crypto and no trust account for client money, making the client an unsecured creditor on insolvency. Clause 17.3 warns client crypto may be partly or wholly lost through insolvency, a hack or another cyber security event. Client AUD sits in pooled bank accounts in the provider's name (clause 6.3).

Pepperstone Crypto's help centre says most client funds are kept in cold wallets, with a limited amount in hot wallets. Its home page states client assets are held one to one with institutional-grade qualified custodians and ringfenced from company money, and that it is certified to the ISO 27001 security standard, without naming the custodian. The Trading Rules point to a proof of reserves on the exchange interface, though none was found publicly on 9 October 2026.

Sources: Pepperstone Crypto's Terms and conditions, hot and cold wallets article, Trading Rules, account security guide and the pcrypto.com home page, checked 9 October 2026.

Register, alert list and incident checks

Registers and lists searched on 9 October 2026:

• AUSTRAC Virtual Asset Service Provider Register
• ASIC AFS licensee dataset on data.gov.au
• ASIC Moneysmart investor alert list
• IOSCO I-SCAN
• SFC alert list
• ASIC newsroom
• Pepperstone Crypto announcements

Pepperstone Crypto deposits and withdrawals in AUD and crypto

Pepperstone Crypto is built around AUD deposits by PayID or bank transfer and selected crypto deposits and withdrawals.

Crypto deposits and withdrawals are available in BTC, ETH, SOL, USDC, USDT, LTC, XRP, BNB, TRX and RENDER.

This does not mean every listed token can be sent in or withdrawn on-chain, with many tokens only available for Convert and in-platform holding only. The help centre says assets sent over an unsupported network are permanently lost, and a deposit below the minimum or without a required tag or memo may not be credited.

Minimum deposits and deposit methods

Pepperstone Crypto sets no minimum AUD deposit, but the practical trading minimum is the minimum order value of A$5 on its AUD order books. For crypto deposits, each asset has its own minimum deposit as shown in the table below.

Withdrawal methods and times

For AUD withdrawals, Pepperstone Crypto does not charge a withdrawal fee. Withdrawals must go to a verified bank account in the user's own name. The listed AUD withdrawal limits are 2 AUD minimum and 10,000 AUD maximum per transaction.

AUD withdrawals are processed 24/7 by Pepperstone Crypto, but the user's bank can still delay the final release of funds. The help centre says crypto withdrawals are typically processed immediately but can take longer because of blockchain confirmations, network congestion, peak hours or a manual review.

Sources: help centre articles on AUD deposits, bank transfer reference numbers, crypto deposits, AUD withdrawals, crypto withdrawal fees and crypto withdrawal times, checked 9 October 2026.

Pepperstone Crypto spot-only trading rules

Pepperstone Crypto offers spot trading only, with no leverage or margin. You can only trade using available balances in your account.

Spot trading does not remove crypto risk. Prices can move sharply, and the help centre warns that market orders can slip when liquidity is thin or prices move fast.

Pepperstone Crypto acts as counterparty to client trades while using exchange-style order book infrastructure. The platform supports price-time priority, market depth, order matching, and pre-trade balance checks. Orders can also be rejected or restricted during volatile conditions, technical issues, market abuse concerns or legal requirements.

Allowed strategies and market abuse rules

Manual spot trading is allowed, and the platform supports market, limit, stop-market and stop-limit orders.

The exchange also bans behaviour linked to market abuse, including:

• Wash trading
• Spoofing
• Layering
• Trading using inside information
• Activity that gives false or misleading signals about price, supply or demand

Pepperstone Crypto also uses trading controls to keep the order book orderly, including balance checks before orders are accepted and controls designed to reduce poor execution or self-matching. Pepperstone Crypto's Trading Rules allow it to suspend trading, including in disorderly markets or excessive volatility, and to switch to maintenance, cancel-only, post-only or limit-only modes.

Eligibility and geographic restrictions

Pepperstone Crypto is currently for Australian residents, and you need to be at least 18, complete KYC and use a verified Australian bank account in the same name as your Pepperstone Crypto account.

Sources: Pepperstone Crypto's Trading Rules, Terms and conditions (clauses 4.2 and 8.2) and the help centre guide to order types, checked 9 October 2026.

Is Pepperstone Crypto available in Australia?