CoinSpot Review Safe? Here’s What You Need to Know 2025

Additionally, depositing funds through certain means, such as PayID or direct deposits, have no fees compared to other methods. Trustworthiness can be subjectively assessed by individual users, but CoinSpot is a well-known cryptocurrency exchange in Australia and has been operating since 2013. Catering mainly to traders who deal with large volumes of fiat currencies, CoinSpot offers Over-the-Counter (OTC) services that ensure price certainty and lower the chance of transaction-related risks.

The CoinSpot Application

They are registered with AUSTRAC and comply with Australia’s strict laws and regulations. Our Content on the Website is Our own opinion and does not constitute financial or investment advice in any way whatsoever. Nothing published on the Website constitutes an investment recommendation, and You should not rely on any data or Content published by Us for any financial or investment activities. While we strive for accuracy, the content on our Website, including articles, reviews, and opinions, is for informational purposes and may not always be up-to-date or error-free. His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential. Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

CoinSpot V’s Crypto.com

Click on the “Go to site” green button of your choice to learn more. CoinSpot is one of Australia’s largest and oldest cryptocurrency exchanges with over 500 coins available. Since launching in 2013, the exchange has gathered over 2.5 million registered users.

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• While many hardcore traders will only ever view crypto as an investment choice, there are tons of people who want to use crypto in a more commonplace way.
• They can find useful information to better understand the exchange’s features and the various steps involved in buying and selling cryptocurrencies.
• In essence, doing this is no different from accessing a complete trading interface, with the one significant change being that it is a supremely uncluttered experience.
• The notorious FTX disaster, a striking illustration of the severe consequences of inadequate security and mismanagement of user funds, led to a staggering loss of billions in digital assets.
• Looking for a low-fee crypto exchange to buy and sell cryptocurrency?
• The trading fee to instantly buy, sell, and swap crypto is a flat 1% and 0.1% on the OTC desk and exchange.

To some extent, they are not too different from index funds that you can find on traditional stock and Forex exchanges. These are funds that lump together a range of assets, allowing traders to invest in them all with ease. Some people enjoy taking the helm with their crypto portfolios and work hard to create the perfect combination of assets, all weighted with a certain amount of money attached to them. For people who love the autonomy that comes with trading, this is highly exciting. Along with its SMSFs, it should be pointed out in my CoinSpot review that it offers easy self-auditing tools for tax seasons, and even 24/7 customer service and support.

It comes with a sizable chunk of digital assets as well as access to top-notch security for investors’ coins. Coinspot’s fees to consider are also the buy-sell spreads of each digital asset. CoinSpot accepts a variety of deposit methods, including bank transfer and cash deposits. To fund the account, investors should select a payment method and tap ‘Deposit.’ Keep in mind that each payment method has its own set of requirements. For example, POLi, PayID, and direct deposit are typically free, with a $1 minimum value.

CoinSpot Supported Cryptocurrencies

If you wish to set Apple Pay as the default payment, select “Use as Default Card”. The CoinSpot card can be used with both Apple Pay and Google Pay, but you will first need to activate the card and link it to any of the accounts. Investors looking to hold their own keys for a crypto wallet should consider a cold storage device (cold wallet) such as a Ledger Nano, D’Cent or Trezor wallet. Crypto Head’s editorial principles prioritise transparency and reader trust. To maintain our free content and further support our work, we receive compensation from some companies advertising on Crypto Head. coinspot review James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

• They are one of Australia’s oldest platforms and have served over 1 million customers so far.
• CoinSpot is the first Australian crypto platform to hold ISO certification, and is proud to retain it.
• Beginners may not have any idea how to get started, which is why we have reviewed CoinSpot, Australia’s most trusted crypto exchange site, which is perfect for newcomers.
• If you are looking for a bundle that relates to a specific topic, then there is a Web3 bundle, a gaming bundle, and even an AI bundle.
• Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more.
• This card offers Apple Pay and Google Pay compatibility for contactless and secure payments.
• Once verified, you can deposit up to AUD $2,000 per day and access funds from the CoinSpot wallet.

Outside of individual security, it’s good to know how a company handles its own security. After all, If your PIN is secure at the bank, but the bank itself is hacked, the PIN doesn’t matter. These tools are simple to use and help beginners understand market trends. You can start trading with any amount, making it accessible for everyone. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

You will probably find the interface familiar if you’re a seasoned trader because it is powered by TradingView. This means you have at your disposal all the tools needed for technical analysis within a few clicks to perform in-depth analysis. CoinSpot is accessible from any internet-connected device whether on desktop or mobile. On a computer, simply visit the website and click on ‘Markets’ or you can download and install the free CoinSpot app from the Google Play Store or the Apple App Store.

These exist exclusively in Australia; therefore, they cannot function in another country. Plus, assessing the bundles that CoinSpot offers will reveal a specific Australia-focused portfolio option, including only cryptocurrencies that have Australian origin. Unlike many crypto exchanges on the market, this is a service that focuses on only one region. CoinSpot is an Australian-native company, designed to only function inside Australia.

Instead, CoinSpot account holders can easily access the collectible marketplace and purchase their favourite NFT using any digital currency of their choice. Swap is another feature that sets CoinSpot apart from other Australian exchanges. With just a touch of a button, users may quickly switch between different coins.

To be able to filter which ones you see by these features is highly impressive. While many investors will appreciate a fully-fledged application (which the CoinSpot exchange also has), those who are new to crypto, often want to avoid these complexities1. Not only can people purchase Bitcoin and Ethereum using Australian dollars (AUD), but they can get hold of a huge range of altcoins, such as Binance’s BNB, XRP, Dogecoin, Solana, Theta, and Tezos. Let’s kick off this CoinSpot review by taking a look at the strengths that the company offers. This is a natural starting point for any review, as it highlights what makes the platform so exciting and enticing to its growing user base.

Keeping your crypto secure

On the other hand, investors who want to use the OTC feature must start with a minimum of $50,000 (AUD) and up. The exciting part is that using the OTC feature comes with a charge of only 0.1%. Starting with Bitcoin felt overwhelming, but CoinSpot made it surprisingly easy. The simple interface and quick signup process helped me dive in without stress. I love how straightforward it is to buy Bitcoin, and features like recurring buys let me stick to my budget effortlessly. Coinspot lets you open an account and start trading in under 10 minutes.