Investing in cryptocurrencies comes with significant risk. You could lose all the money you invest. Please read our risk warning here.
CoinSpot Review 2026: Australia's Largest Crypto Exchange Analyzed
CoinSpot is Australia's largest and longest-running cryptocurrency exchange, founded in Melbourne in 2013 and now serving over 3 million registered users. The platform is registered with AUSTRAC, holds ISO 27001 certification, and lists more than 540 digital assets for trading. CoinSpot charges a 0.1% fee on market and OTC orders, while instant buy/sell transactions carry a 1% fee. This review covers every aspect of CoinSpot in 2026, including fees, security, supported coins, staking, the CoinSpot Mastercard, SMSF support, and how it compares to alternatives for Australian investors.
CoinSpot at a Glance
| Feature | Details |
|---|---|
| Founded | 2013, Melbourne, Australia |
| Registered Users | 3 million+ |
| Supported Cryptocurrencies | 540+ |
| Fiat Currency | AUD |
| Regulatory Status | AUSTRAC registered, ISO 27001 certified, AFCA member |
| Operating Entity | Casey Block Services Pty Ltd (ABN 19 619 574 186) |
| Trading Fee (Market Orders) | 0.1% |
| Trading Fee (Instant Buy/Sell) | 1% |
| OTC Desk | Yes (minimum AUD 20,000, 0.1% fee) |
| Mobile App | iOS (4.8 stars, 40.2k reviews) and Android (4.7 stars, 16.5k reviews) |
| Customer Support | 24/7 live chat, support tickets |
| Headquarters | Melbourne, Victoria, Australia |
Who Is CoinSpot Best For?
CoinSpot is best suited for Australian residents who want a straightforward, regulated platform to buy, sell, and hold cryptocurrency using Australian dollars. The exchange caters primarily to three groups of users:
- Beginners: The instant buy/sell interface requires no trading knowledge. Users can purchase any of 540+ cryptocurrencies in a few clicks, with AUD deposits available via PayID, bank transfer, or POLi at zero cost.
- Long-term investors: Features like recurring buys (dollar-cost averaging), crypto bundles, staking rewards, and SMSF support make CoinSpot a solid choice for Australians building a portfolio over time.
- High-volume traders: The OTC desk handles transactions of AUD 20,000 or more at just 0.1% with fixed pricing and zero slippage, while market orders on the order book also attract the 0.1% rate.
CoinSpot is not ideal for traders who need futures, margin trading, or leverage. The exchange deliberately avoids these products to maintain regulatory compliance with ASIC requirements and to reduce risk for retail users.
CoinSpot Fee Structure
CoinSpot uses a two-tier fee structure. Market orders executed through the order book and OTC trades cost 0.1%, which is competitive with international exchanges. Instant buy, instant sell, swap, limit orders, stop-loss orders, take-profit orders, and recurring buys all carry a flat 1% fee. This split means that experienced users who trade via the Markets tab pay significantly less than those using the simplified instant trading interface.
Trading Fees
| Trade Type | Fee | Notes |
|---|---|---|
| Market Orders (Maker) | 0.1% | Order book trades against existing bids/asks |
| Market Orders (Taker) | 0.1% | Same rate for both makers and takers |
| Instant Buy/Sell | 1% | One-click purchases at fixed price |
| CoinSwap | 1% | Crypto-to-crypto conversion |
| Limit Orders | 1% | Via advanced order types |
| Stop-Loss / Take-Profit | 1% | Automated exit strategies |
| Recurring Buys (DCA) | 1% | Scheduled automatic purchases |
| OTC Trading | 0.1% | Minimum AUD 20,000 per trade |
| NFT Transactions | 0.9% | Plus applicable blockchain gas fees |
| Staking | 0% | No fee charged on staking rewards |
Deposit and Withdrawal Fees
| Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| PayID | Free | N/A | Near instant |
| Direct Bank Transfer (OSKO) | Free | Free | Near instant (deposit), 0-1 business days (withdrawal) |
| POLi | Free | N/A | Near instant |
| BPay | 0.9% | N/A | 1-2 business days |
| Credit/Debit Card | 1.22% | N/A | Instant |
| Apple Pay / Google Pay | 1.22% | N/A | Instant |
| PayPal | 0.5% | 2% (capped) | Instant |
| Cash Deposit | 2.5% | N/A | Near instant |
| Cryptocurrency | Free | Network fee (varies by coin) | Depends on blockchain confirmation |
The most cost-effective way to use CoinSpot is to deposit AUD via PayID or direct bank transfer (both free), then trade through market orders at 0.1%. A AUD 1,000 purchase via market order costs just AUD 1 in fees, compared to AUD 10 for an instant buy at 1%. For withdrawals, bank transfers are free with no stated limits.
Supported Cryptocurrencies
CoinSpot supports over 540 cryptocurrencies as of 2026, making it the Australian exchange with the broadest coin selection. The platform covers all major assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, BNB, Cardano (ADA), Dogecoin (DOGE), Toncoin (TON), Shiba Inu (SHIB), and TRON (TRX). CoinSpot lists 17 of the top 20 cryptocurrencies by market capitalization. Notable exclusions include Lido Staked Ether (stETH), LEO Token, and USDS.
All assets are traded against AUD pairs. Users can also access stablecoins like USDT and USDC for portfolio hedging. The platform regularly adds new tokens, and users can submit requests for coins they want to see listed.
Crypto Bundles
CoinSpot Bundles allow users to purchase a pre-selected basket of cryptocurrencies in a single transaction. Each bundle is themed around a specific category, and the underlying tokens are purchased individually and deposited into the user's wallet. Available bundles include:
- Top 10 Market Cap Bundle: The ten largest cryptocurrencies by market capitalization
- DeFi Bundle: A selection of leading decentralised finance tokens
- NFT Bundle: Tokens associated with NFT ecosystems
- Payment Coins Bundle: Cryptocurrencies designed for payments and transfers
- Smart Contract Bundle: Layer-1 and Layer-2 smart contract platforms
Bundles carry the standard 1% instant buy fee. They are particularly useful for beginners who want diversified exposure without researching individual coins.
CoinSpot Staking and Earn
CoinSpot Earn allows users to lend their cryptocurrency to the platform in exchange for interest payments. The program supports approximately 22 coins with annual percentage yields (APY) ranging from 3% to 78% depending on the asset. CoinSpot charges zero fees on staking rewards, and there is no minimum amount required to participate.
The staking process is straightforward: users select an eligible coin from their wallet, opt into the Earn program, and begin accumulating rewards. Funds can be withdrawn from the Earn program at any time. However, the selection of stakeable assets is smaller than what competitors like Crypto.com or Kraken offer, so users with diverse staking needs may need to supplement with another platform.
CoinSpot Mastercard (Crypto Card)
The CoinSpot Card is a prepaid Mastercard that enables Australians to spend cryptocurrency anywhere Mastercard is accepted, both online and in-store. The card links directly to the user's CoinSpot account and supports all 540+ listed cryptocurrencies. Users select which coin to spend, and the conversion to AUD happens automatically at the point of sale.
Key features of the CoinSpot Card include:
- Compatibility with Apple Pay and Google Pay for contactless mobile payments
- Instant top-up from any cryptocurrency in the user's CoinSpot wallet
- The ability to switch spending currencies at any time through the app
- A dedicated card management dashboard within the CoinSpot mobile app
- No annual fee for the card itself
The card is activated through the CoinSpot app after identity verification. It provides a practical way to use crypto holdings for everyday purchases without first converting to fiat through a separate withdrawal process.
OTC Trading Desk
CoinSpot's Over-the-Counter (OTC) trading desk is designed for high-volume transactions of AUD 20,000 or more. The OTC service provides several advantages over standard exchange trading for large orders:
- Fixed pricing: Lock in a price before executing the trade, eliminating slippage
- Low fees: 0.1% flat fee, the same as market orders
- Instant settlement: Trades settle immediately without waiting for order book matching
- Dedicated account manager: Each OTC client receives direct access to a professional account manager for all trading enquiries
- Deep liquidity: Large orders execute without moving the market price
The OTC desk is particularly valuable for SMSF trustees, business accounts, and high-net-worth individuals who need to execute large trades efficiently. CoinSpot claims the lowest OTC fee in Australia at 0.1%.
SMSF (Self-Managed Super Fund) Support
CoinSpot provides dedicated support for Self-Managed Super Funds, allowing Australian SMSF trustees to include cryptocurrency in their retirement portfolio. The platform offers SMSF-specific accounts with features tailored to compliance requirements, including segregated fund management and detailed transaction reporting.
SMSF account holders can access the full range of CoinSpot features, including the OTC desk for large allocations, staking for yield generation, and tax reporting tools. The platform generates end-of-financial-year (EOFY) statements and supports CSV exports compatible with tax reporting software like Koinly and CoinLedger.
SMSF support is a significant differentiator for CoinSpot in the Australian market. While international exchanges may offer lower fees, they rarely provide the SMSF-specific infrastructure and compliance documentation that Australian fund trustees require.
NFT Marketplace
CoinSpot operates an integrated NFT marketplace where users can browse, buy, and sell non-fungible tokens without leaving the platform. The marketplace supports purchases using any of the 540+ cryptocurrencies listed on CoinSpot, and transactions carry a 0.9% fee (plus applicable blockchain gas fees). Listing NFTs for sale is free.
The NFT selection is limited compared to dedicated marketplaces like OpenSea. CoinSpot currently lists approximately 50 curated collections, including popular projects such as Bored Ape Yacht Club, VeeFriends, Boss Beauties, and World of Women. The marketplace is more of a convenience feature for existing CoinSpot users than a comprehensive NFT trading platform.
Security and Regulation
CoinSpot is one of the most heavily regulated and audited cryptocurrency exchanges in Australia. The platform's security credentials include:
- AUSTRAC registration: CoinSpot is registered with the Australian Transaction Reports and Analysis Centre, requiring compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws
- ISO 27001 certification: Achieved in 2020 through an external audit by Sustainable Certification (SCI Qual International, a JAS-ANZ accredited body). This standard covers information security management across digital asset storage, employee data, and all operational systems
- ISO 27018 certification: The platform's data centre holds this additional certification for cloud privacy protection
- External financial audit: CoinSpot was the first Australian cryptocurrency exchange to complete an External Statutory Financial Audit conducted by an independent auditor in accordance with Australian Auditing Standards
- AFCA membership: Voluntary member of the Australian Financial Complaints Authority, providing users with an external dispute resolution pathway
- DECA partnership: Partner of the Digital Economy Council of Australia (formerly Blockchain Australia)
- HackerOne bug bounty program: White-hat hackers are paid to identify and report security vulnerabilities
- Cold storage: The majority of customer assets are stored offline in secure cold storage facilities
- No history of hacks: CoinSpot has never experienced a security breach since its founding in 2013
User-Level Security Features
CoinSpot provides a comprehensive suite of account security tools that users can customize:
- Two-factor authentication (2FA) via SMS or authenticator apps like Google Authenticator
- Custom withdrawal restrictions
- Session timeout settings (configurable from 20 minutes to 24 hours)
- Anti-phishing phrase for login verification (4-20 characters)
- Disable withdrawals button (requires contacting support to re-enable)
- Phone verification phrase
- Geo-lock logins to Australian IP addresses only
One notable gap is the absence of insurance coverage for fiat or cryptocurrency funds held on the exchange. Users concerned about custodial risk should consider transferring long-term holdings to a hardware wallet like Ledger or Trezor.
CoinSpot Mobile App
The CoinSpot mobile app is available on both iOS and Android and provides full access to the exchange's features. Users can buy, sell, and swap crypto, manage their portfolio, set price alerts, access the CoinSpot Card, and stake assets directly from the app.
| Platform | Rating | Total Reviews | Downloads |
|---|---|---|---|
| Apple App Store | 4.8 / 5 stars | 40,200+ | N/A |
| Google Play Store | 4.7 / 5 stars | 16,500+ | 500,000+ |
The app includes dark mode, custom price alerts, portfolio tracking, and full card management. The interface mirrors the desktop experience and is designed for ease of use, making it accessible for beginners while still providing access to market orders and advanced order types.
Customer Support
CoinSpot's customer support team is based in Melbourne and available 24/7 through live chat and support tickets. The platform claims an average live chat response time of under 30 seconds, and independent testing by Finder.com.au confirmed a response time of under one minute to reach a human agent.
Support channels include:
- 24/7 live chat: Available directly through the website and app
- Support tickets: Submitted through the help centre for more complex issues
- Help centre: Extensive FAQ articles and guides
- AFCA escalation: As an AFCA member, unresolved complaints can be escalated to the Australian Financial Complaints Authority
Locally based support is a significant advantage over international exchanges, where users often deal with offshore support teams and language barriers. CoinSpot's support quality is frequently cited as a positive in user reviews on Trustpilot (4.3/5 rating) and Product Review (4.2/5 rating).
Tax Reporting and Compliance
CoinSpot provides several tools to help Australian users meet their tax obligations. The platform generates end-of-financial-year (EOFY) statements and allows users to export their complete transaction history in CSV format. These exports are compatible with popular crypto tax software including Koinly and CoinLedger.
Given that the Australian Taxation Office (ATO) treats cryptocurrency as property subject to capital gains tax, having accurate transaction records is essential. CoinSpot's reporting tools simplify the process of calculating capital gains and losses across hundreds of transactions.
CoinSpot Pros and Cons
| Pros | Cons |
|---|---|
| 540+ cryptocurrencies (largest selection in Australia) | 1% fee on instant buy/sell and advanced orders is high |
| AUSTRAC registered with ISO 27001 certification | No futures, margin, or leverage trading |
| Free AUD deposits via PayID and bank transfer | No insurance on custodial funds |
| 0.1% market order and OTC fees | AUD only (no multi-currency fiat support) |
| 24/7 Melbourne-based live chat support | NFT marketplace limited to approximately 50 collections |
| CoinSpot Mastercard for crypto spending | Spread on instant trades can add hidden costs |
| SMSF support with compliance documentation | Staking limited to approximately 22 coins |
| No history of security breaches since 2013 | Only one AUD withdrawal method (bank transfer) |
| Crypto bundles for easy diversification | No fiat currencies other than AUD |
| Staking with 0% platform fees | Advanced order types carry 1% fee (not 0.1%) |
CoinSpot vs Alternatives for Australian Users
How does CoinSpot compare to other exchanges available to Australians? The following table provides a direct comparison across key features:
| Feature | CoinSpot | Swyftx | Crypto.com | Kraken |
|---|---|---|---|---|
| Supported Coins | 540+ | 280+ | 250+ | 200+ |
| Trading Fee | 0.1% (market) / 1% (instant) | 0.6% | 0.075%-0.4% | 0.16%-0.26% |
| AUD Deposit Fee | Free (PayID/bank) | Free | Free (bank) | Free (OSKO) |
| AUSTRAC Registered | Yes | Yes | Yes | Yes |
| Staking | Yes (22 coins) | Yes | Yes | Yes |
| Futures/Margin | No | No | Yes | Yes |
| Crypto Card | Yes (Mastercard) | No | Yes (Visa) | No |
| OTC Desk | Yes (0.1%) | Yes | Yes | Yes |
| SMSF Support | Yes | Yes | No | No |
| NFT Marketplace | Yes | No | Yes | Yes |
| 24/7 Support | Yes (live chat) | Yes | Yes | Yes |
| Mobile App Rating | 4.7-4.8 | 4.5-4.7 | 4.5-4.7 | 4.2-4.4 |
CoinSpot's primary advantages over alternatives are its unmatched coin selection (540+), the CoinSpot Mastercard, and its SMSF support. The 0.1% market order fee is competitive with any exchange globally. However, users who primarily use the instant buy feature will pay 1%, which is more expensive than Swyftx's flat 0.6% or Kraken's 0.16%-0.26% maker/taker fees.
For Australian users who prioritize low fees above all else, Bybit offers 0.1% spot trading fees across the board. However, Bybit lacks the AUSTRAC registration, local support, and SMSF infrastructure that CoinSpot provides.
How to Get Started with CoinSpot
Opening a CoinSpot account takes approximately 10 minutes. Here is the step-by-step process:
- Create an account: Visit CoinSpot and click "Get Started." Enter your email address and create a password.
- Verify your identity (KYC): Upload a government-issued ID (passport or driver's license). Most verifications are processed instantly. To deposit more than AUD 2,000, additional documentation may be required.
- Deposit AUD: Add funds using PayID, direct bank transfer, POLi, BPay, credit/debit card, Apple Pay, Google Pay, PayPal, or cash deposit. PayID and bank transfers are free and near-instant.
- Start trading: Use the instant buy feature for simplicity or navigate to the Markets tab for 0.1% market orders. Explore bundles, recurring buys, and staking as needed.
New users currently receive AUD 20 in Bitcoin when they make their first deposit (terms and conditions apply).
CoinSpot Verification Levels
CoinSpot requires Know Your Customer (KYC) verification for all users as mandated by Australian law. The verification process uses government-issued identification and is typically completed within minutes. Higher deposit limits require additional documentation. All users must be Australian residents to open an account.
Who Should Avoid CoinSpot?
CoinSpot is not the right choice for every crypto user. Consider alternatives if you:
- Need futures or margin trading: CoinSpot does not offer leveraged products. Traders requiring derivatives should look at Bybit or OKX.
- Trade primarily with fiat currencies other than AUD: CoinSpot only supports Australian dollars. Users who need EUR, USD, or GBP pairs will need an international exchange like Kraken or Coinbase.
- Want the absolute lowest fees on every transaction: While market orders are 0.1%, the instant buy/sell fee of 1% is above average. If you cannot or prefer not to use market orders, platforms like Swyftx (0.6%) may be more economical.
- Are not an Australian resident: CoinSpot only accepts Australian users with Australian identification.
Recent Developments and Updates
CoinSpot continues to evolve its platform with new features and recognition:
- 3 million users: The platform surpassed 3 million registered users, representing approximately 30% of Australia's estimated cryptocurrency market
- Finder Awards 2025: CoinSpot received "Highly Commended" recognition for both Best Crypto Trading Platform and Best Beginner Crypto Trading Platform in the 2025 Finder Awards
- 540+ coins: The platform has expanded its coin listings from approximately 370 to over 540, significantly widening the range of available assets
- CoinSpot Mastercard: The launch of the prepaid Mastercard with Apple Pay and Google Pay integration gives users a practical way to spend crypto in daily life
- DECA partnership: CoinSpot transitioned its industry partnership from Blockchain Australia to the Digital Economy Council of Australia (DECA) as the industry body rebranded
Our Verdict on CoinSpot
CoinSpot is the most comprehensive cryptocurrency exchange built specifically for Australian users. Its combination of 540+ supported coins, AUSTRAC registration, ISO 27001 security certification, SMSF support, a crypto spending card, and 24/7 local customer support creates a platform that no other Australian exchange fully matches.
The main trade-off is fees. The 0.1% rate on market orders and OTC trades is genuinely competitive, but the 1% fee on instant buy/sell, swaps, limit orders, and recurring buys is higher than most alternatives. Users willing to learn how to use the Markets tab and place market orders will find CoinSpot's pricing comparable to any exchange globally. Those who prefer the convenience of instant trades should factor in the higher cost.
For the majority of Australian crypto investors, particularly beginners and long-term holders, CoinSpot remains the strongest all-around choice in 2026. The platform's 13-year track record without a security breach, combined with its regulatory compliance and local support, provides a level of trust that newer or offshore platforms cannot easily replicate.
Frequently Asked Questions
Is CoinSpot safe to use in 2026?
CoinSpot is considered one of the safest cryptocurrency exchanges in Australia. The platform is registered with AUSTRAC, holds ISO 27001 certification for information security management, and has never experienced a security breach since launching in 2013. Customer assets are stored primarily in offline cold storage, and users can enable two-factor authentication, geo-locked logins, and withdrawal restrictions. CoinSpot is also a voluntary member of the Australian Financial Complaints Authority (AFCA), providing an external dispute resolution pathway.
What are CoinSpot's fees for buying Bitcoin?
CoinSpot charges 0.1% for Bitcoin purchases made through market orders on the order book. Instant buy transactions carry a 1% fee. AUD deposits via PayID and bank transfer are free. For example, buying AUD 1,000 worth of Bitcoin through a market order costs AUD 1 in trading fees, while the same purchase via instant buy costs AUD 10.
How many cryptocurrencies does CoinSpot support?
CoinSpot supports over 540 cryptocurrencies as of 2026, making it the exchange with the largest coin selection in Australia. The platform lists 17 of the top 20 cryptocurrencies by market capitalization, including Bitcoin, Ethereum, Solana, XRP, BNB, Cardano, and Dogecoin.
Does CoinSpot offer staking rewards?
Yes, CoinSpot Earn allows users to stake approximately 22 different cryptocurrencies with annual percentage yields ranging from 3% to 78%. There is no minimum staking amount, no lock-up period, and CoinSpot charges zero platform fees on staking rewards. Users can withdraw their staked assets at any time.
Can I use CoinSpot for my SMSF?
Yes, CoinSpot provides dedicated Self-Managed Super Fund (SMSF) accounts with features designed for compliance, including segregated fund management, EOFY statements, and detailed transaction reporting. SMSF account holders have access to all CoinSpot features including the OTC desk, staking, and tax reporting tools.
What is the CoinSpot Mastercard?
The CoinSpot Card is a prepaid Mastercard that lets users spend any of the 540+ cryptocurrencies on CoinSpot at any retailer that accepts Mastercard. The card works with Apple Pay and Google Pay, supports instant top-ups from the CoinSpot app, and does not have an annual fee. Crypto is converted to AUD at the point of sale.
How does CoinSpot's OTC desk work?
CoinSpot's Over-the-Counter (OTC) desk handles high-volume trades of AUD 20,000 or more at a 0.1% fee. Traders receive fixed pricing to eliminate slippage, instant settlement, and a dedicated account manager. The OTC desk is used by high-net-worth individuals, SMSF trustees, and business accounts for large cryptocurrency transactions.
Is CoinSpot better than Swyftx?
CoinSpot offers more cryptocurrencies (540+ vs 280+), a crypto spending card, and SMSF support, while Swyftx has a lower flat trading fee of 0.6% compared to CoinSpot's 1% on instant trades. For market orders, CoinSpot's 0.1% is cheaper than Swyftx. The best choice depends on whether you prioritize coin selection and features (CoinSpot) or simpler, lower-cost instant trading (Swyftx). Both are AUSTRAC registered and offer 24/7 support.
Does CoinSpot have a referral program?
Yes, CoinSpot offers a Refer a Friend program where both the referrer and the new user receive AUD 10 worth of Bitcoin when the new user makes their first AUD deposit. An alternative affiliate program allows referrers to earn 30% of their referrals' trading fees instead of the flat Bitcoin bonus.
Can I withdraw AUD from CoinSpot for free?
Yes, AUD withdrawals via direct bank transfer are free on CoinSpot with no stated limits. Processing typically takes 0-1 business days. PayPal withdrawals are also available but carry a 2% fee (capped). Bank transfer is the only free AUD withdrawal method.
