CoinSpot Review What we Like and Dislike about this Exchange

CoinSpot is a popular Australian cryptocurrency exchange platform. Check out this guide for everything you need to know about this crypto exchange.

Dean Fankhauser3 min read

Our take

4 out of 5 stars

Choosing a cryptocurrency exchange requires doing your research. After all, not all platforms are created equal. Whether you're new to digital currency or have some experience with cryptos, you must carefully select where you place your trades and investments.

Of course, the research experience can feel overwhelming because there are so many market choices today. For example, when it comes to the best cryptocurrency exchange, CoinSpot has been getting plenty of attention lately.

A well-respected digital currency exchange based in Australia, it permits customers to buy and sell Bitcoin, among other things. Could this platform be right for you? Perhaps.

Let's take a closer look at the platform's user interface, deposit limits, payment methods, trading fees, and more.

What Is the Cryptocurrency Exchange CoinSpot?

A Melbourne-based cryptocurrency exchange, CoinSpot offers a secure and safe platform for selling and buying cryptos. The exchange is considered by many to be one of the best digital currency exchanges Down Under.

Once you've signed up for an account, you can instantly start buying and selling Bitcoin. You'll also gain access to the open market, where you can earn potential profits through speculation.

The platform is easy-to-use, even for beginners. It offers competitive trading fees for OTC and SMSF investors. CoinSpot also comes with responsive customer service and a ticket system.

With CoinSpot, you'll have access to multiple Australian dollar (AUD) deposit methods as well as ISO Accreditation for information security. Bank transfers remain the most popular way to deposit AUD at CoinSpot, which then permits you to start trading.


Midas.InvestmentsEarn higher yields on your crypto

  • 9.4% APY on BTC, 10.1% APY on ETH, 20% APY on USDC
  • Rewards are paid daily and in-kind
  • No limits, no lockups, no restrictions, and no tiers

CoinSpot Features and Services

As CoinSpot has expanded to become one of Australia's most significant crypto exchanges, it has grown to offer more features and services. What can you expect when using this platform?

For starters, you must know that CoinSpot was designed to suit all investors through its streamlined, user-friendly interface. Yet, despite its inherent convenience, the platform still offers trading of more than 210 cryptocurrency coins available to sellers and buyers.

You can transact in cryptos in a matter of minutes and can take advantage of CoinSpot's exchange platform with TradingView charts. It also offers advanced order types with a wide range of options available to users.

What are these deposit options? They include PayID, BPAY, POLi payments, and cash. The platform also maintains high standards for security features, thereby minimizing account theft.

Australian Super Fund investors will enjoy over-the-counter trading desks and support. And all users can rest assured their funds will stay well-protected.

Why? Because CoinSpot makes security a top priority with two-factor authentication (2FA) that protects consumers from theft and hackers. The platform also performs industry-leading security processes and the previously mentioned ISO Accreditation, providing additional layers of security.

Compare with the best alternative exchanges

Best overall crypto lending platform.Go to site →
Best for crypto loan borrowers.Go to site →
Most versatile crypto lending platform.Go to site →
Best crypto derivatives platform.Go to site →
Best for institutional investors.Go to site →
Best crypto exchange for U.S. investors.Go to site →
Best overall crypto exchange.Go to site →
Best U.S. crypto exchange for advanced traders.Go to site →

Are the problems above deal-breakers? Not necessarily. But you should be aware of these cons before making any significant decisions related to CoinSpot.

The Best Cryptocurrency Trading Platforms for Your Needs

When it comes to finding the top cryptocurrency exchange and the best cryptocurrency exchange rates, you must do your research. If you're based in Australia and looking for an exchange that transacts in AUD and digital currencies such as Bitcoin, look no further than CoinSpot.

Of course, don't stop your search with CoinSpot. You owe it to yourself to explore the vast array of crypto exchanges.

Not sure where to start? Browse our comprehensive list of cryptocurrency trading platforms now.

Get Our Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox.

No spam, unsubscribe anytime. Read our Privacy Policy.