Coinspot is Australia’s trusted and well-respected cryptocurrency exchange that allows users to buy Bitcoin in Australia. In this review, we will assess Coinspot safety standards, features and service, fee structure, and much more.
What Is Coinspot?
Coinspot is a Melbourne based Australian cryptocurrency exchange that provides a safe and secure platform for buying and selling cryptocurrencies. Being one of the best exchanges in Australia, Coinspot offers instant buying and selling facilities for potential profits.
Safe and Secure
Coinspot is one of the safest and secure cryptocurrency exchanges in Australia. It includes bank-like security measures to protect its customer’s information and keep the funds secure. Founded in 2013, this trustworthy exchange has received the internationally recognized ISO 27001 certification for information security.
Features & Services
This company is one of Australia’s first Bitcoin & cryptocurrency exchanges in the country that has features and offers services like:
- Established to suit all investors with a user-friendly interface
- More than 200 cryptocurrency coins available for buyers and sellers
- Easy, safe, and quick buying & selling cryptocurrency
- Exclusive range of fiat deposit options like POLi payments, PayID, BPAY and cash
- Best security features to minimise account theft
- 2-Factor Authentication to protect account for hackers and theft
- Industry-leading security processes and ISO Accreditation for security
- Affiliate programs that reward 30% of commissions for referred users
Coinspot Fees Structure
The fee structure of Coinspot is based on how the user places orders on the exchange. The company offers a flat 1% trading fee to instantly buy, sell, and swap crypto. The trading fees for a take profit, stop-loss orders and recurring buys is 1%. Using exchange or OTC desk trading fees is 0.1%.
Deposit & Withdrawal Fees
Coinspot does not charge any fees for deposit or withdrawal using bank transfer methods such as POLi or PayID or direct deposit. However, you might have to pay 0.9% to 2.5% surcharge fee for BPAY and cash deposits at a local newsagency.
Coinspot App for Android
Coinspot features a mobile trading app for android users where customers can easily buy, trade, sell, view price graphs, transfer from the wallet, display coin information, and monitor overall cryptocurrency portfolio with a single click.
CoinSpot supports more than 200 cryptocurrencies on the exchange to buy, sell and swap. Some of these include Bitcoin, Bitcoin Cash, Cardano, Ethereum, EOS, Litecoin, NEO, Ripple, Stellar Lumens, Tron and others. This exchange platform also supports popular DeFi tokens and coins like Compound, Uniswap, Aave, Yearn Finance and Sushi.
Summing up, we believe Coinspot is a safe and reliable cryptocurrency exchange to buy Bitcoin due to its compliance with Australia’s new Anti-Money Laundering and Counter-Terrorist Financing laws. You can learn more about the company on their official website.
Create your free account and start trading today.
Sign up to CoinSpot with your email address and you will receive $10 worth of Bitcoin* when you complete your first AUD deposit. That's $10 of new coins just for signing up. From there you can link your bank account or make a cash deposit when you get more comfortable. Other deposit method are available