CoinSpot Review [2021] Coin Companion Receiving coins requires a certain amount of confirmations on the Blockchain prior to being credited to your CoinSpot account. Trading features on the dashboard let you check multiple wallets in one location. CoinSpot's Live Chat support and mobile app make it the winner in terms of features for the everyday Aussie. AUD Deposit Delay : coinspot - Reddit The most common choice is through bank transfer, using a direct deposit, POLi, PayID. You need CoinSpot verification to deposit and withdraw funds. The basicCoinSpotaccount that you just created will only let you explore the platform. Select your country below and check out our location-specific Crypto guides. Not only is CoinSpot the only Australian-based exchange to offer hundreds of digital currencies, but its also the only Australian platform to complete the SCI Qual International external audit, awarding them with the ISO 27001 Certification. Coinspot Review for2023 - The Best Crypto Exchange in Australia? You can use the card to spend your crypto at 60 million merchants around the globe, with zero admin or processing fees, and even receive up to 8% cashback on eligible purchases! Instead I will point out a few features that is not found on the other exchange. So if you are a US-investor and want to trade at CoinSpot, you'll have to reconsider your choice of trading venue. Coinstash is also a very user-friendly platform, ideal for those just getting started with cryptocurrency. Not from the US? Deposit Fees CoinSpot does not charge any fees on AUD deposits using POLi, PayID, or Direct Deposit (via OSKO). Most secure and trusted exchange in Australia, Over 370+ cryptocurrencies supported, with staking on 21 coins, NFT marketplace where you can purchase using any crypto you prefer, Higher instant buy/sell fees (1%) compared to industry standard, Earn interest on your cryptocurrencies, including AUD stablecoin, DeFi Connector so you can buy and sell 500+ coins from the DeFi space, Live Chat support to assist you 7 days a week. Bitcoin. OLD CoinSpot subreddit - please refer to the pinned post and join our new subreddit via r/coinspotau. There are more than 1,000+ cryptocurrencies to buy, sell, or trade, and newbies will find it easy to move around the intuitive user interface. The big one is staking, which most users (beginners and experienced investors) will appreciate, because you can earn more crypto while you hold it. This helps you to invest in a certain range of coins in a single transaction, saving you time and money. Further, no additional fee gets incurred for the withdrawal of any token and coin. Binance charges ZERO fees on AUD deposits using any method (only PayID and OSKO supported). Various deposit options are available in AUD through POLi, BPAY, PayID, cash via BlueShyft locations around Australia. CoinSpot OTC Professional Broker Services. It is a great way to gradually build up the amount of crypto you own as you HODL and wait for the next bull run. There is also a market available where the transaction fees are only 0.1%, but there are only around 15 coins available to trade there. Bitcoin deposit pending in your CoinSpot wallet? - CoinSpot All the content on this site is provided for. DISCLAIMER:CryptoVantage.com does not offer any sort of investment advice. This post includes affiliate links with our partners who may compensate us. Further, CoinSpot exchange has achieved ISO certification for information security and provides an effortless and comfortable experience. Figure 2. For example, custom withdrawal restrictions, Two-Factor Authentication, and session timeout limit settings can secure an account. CoinSpot has a native app for iOS and Android. Although Independent Reserve charges deposit fees for small deposit amounts, it has much lower trading fees than CoinSpot. Moreover, buying coins in bundles saves a lot of time and fees as well. This website is not to be used as investment advice, financial advice or legal advice, and your personal needs will differ from the author's. If you are still considering your options, take a look at the best Australian crypto exchanges, which you can find here. AUD, USD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & more, AUD, USD, TWD, AED, PHP, JPY, CAD, EUR & more, BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more, MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more, Visa/Mastercard, Apple Pay, Google Pay, PayID, Cryptocurrency, Bank transfer, BPAY, Cash, POLi, PayID, Cryptocurrency, POLi, PayID, OSKO, Bank transfer, Credit card, Cryptocurrency, Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency, Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency, 0.1% for spot, 0.01/0.06% for derivatives, Best No KYC Crypto Exchanges | Buy crypto without KYC, Best OTC Crypto Trading Services in Australia, How to buy crypto with bank transfer in Australia, How to buy crypto with a credit card in Australia, How to buy crypto with a debit card in Australia, How to buy crypto with PayPal in Australia, Mejores exchanges para comprar criptomonedas, Mejores exchanges de criptomonedas en Estados Unidos, Las principales plataformas de trading de margen de criptomonedas, Los mejores bots de comercio de criptomonedas, Cmo comprar criptomonedas en USA | gua completa, Best Australian Mobile Share Trading Apps, Disclaimer: Marketplacefairness.org aims to keep all information accurate and up to date, however there may be instances where the information provided may differ from what you see on the official website. CoinSpot enables its registered users, be it companies, Super Fund investors, or individuals to instantly buy or sell digital assets, primarily Bitcoin. An SMSF (Self-Managed Super Fund) is an account that you and five other members have access to and complete control over once you register for one on CoinSpot. CoinSpot wins this category. Get started in minutes and start trading your cryptocurrencies! Cookie Notice Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. With CoinSpot, the first exchange in Australia to offer over 200 different crypto coins to buy, sell, and trade, users no longer have to worry about something going wrong within their multiple transactions. You can choose from over 200 coins and buy or sell them against AUD. You will still have to pay the standard transaction/mining fees. All rights reserved. Once your identity is verified and your account is funded you can buy, sell and trade any of their supported assets. CoinSpot Exchange Review | Best Exchanges | CryptoVantage This is not financial advice. CoinSpot charges 1.0% fees when buying or selling cryptocurrency. I have never recieved any thing like this in the past, from ANY of my payments, no matter who or how much. Swyftx vs CoinSpot vs Crypto.com - Marketplace Fairness Users also have the option to deposit via BPAY (0.9% fee) or deposit cash at a newsagent (2.5% fee). Later, you can log in to CoinSpot for the first time. Most secure and trusted exchange in Australia, Over 370+ cryptocurrencies supported, with staking on 21 coins, NFT marketplace where you can purchase using any crypto you prefer, Higher instant buy/sell fees (1%) compared to industry standard, Low trading fees of 0.1% (only 0.075% if you pay fees with BNB), Advanced trading options and tools for experienced traders, Staking is available - grow your crypto while you invest, No instant buy/sell - trade on the markets only. . CoinSpot's specialised Over-The-Counter (OTC) Trading Desk allows members to perform high-volume transactions without the need of traditional public order books. Coinstash is one of the only crypto platforms that acquired an AFS Licensee, and uses industry-level security measures to protect their users' data and funds at all times. Still moderated by a CoinSpot representative known as rockethelper. In addition, CoinSpot supports well-known DeFi coins and tokens as well. Keep reading our CoinSpot review to see how CoinSpot stacks up against the competition. A list displaying all supported banks will appear when you begin the process of a POLi deposit. CoinSpot reviews also note ways to make some extra money on the site, from referrals to taking part in affiliate programs. CoinSpot is my choice for first-time users and investors who are going to hold crypto long-term. In addition, the CoinSpot affiliate program as users to earn a commission of up to 30% on the trading fees whenever the people use their referral link to get registered on CoinSpot. All factual information posted on this site is only general, does not take into the reader's individual circumstances, and cannot be used as investment, financial, or legal advice. CoinSpot Review 2023: Features, Fees & Safety | HedgewithCrypto Buy and sell major cryptocurrencies on. What to do? Users can also view graphs, price charts, and track their crypto portfolio under one single platform. The company has its headquarters in Melbourne. If any information on Marketplacefairness.org varies from the official website, you should rely on what is posted on the official website. Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. CoinSpot and Coinstash are very similar crypto exchanges, and offer much of the same features. You can deposit any available cryptocurrency on Coinspot Wallet. If you like the sound of CoinSpot or Independent Reserve but want to find out a bit more information, you can read my comprehensive review of CoinSpot and Independent Reserve. The posts on this site include affiliate links with our partners who may compensate us, at no cost to the reader. AskAboutCoin.com contains answers to millions of questions related to cryptocurrencies. The most popular feature on CoinSpot is their instant-buy exchange, which enables users to instantly buy or sell over 250 cryptocurrencies for a 1% fee. 2023Marketplace Fairness - All Rights Reserved. The OTC (Over-The-Counter) Desk helps with trades that are not exchangeable on the platform. Wilson and his team, however, discuss CoinSpot in multiple online forums where the team and users communicate regularly to relay present concerns and hopes for the future. Here, the document will ask you for your full name, address, a copy of one of your utility bills for proof of address, a government-issued ID for proof of identification, birth date, and phone number. Direct access to professional trading brokers. Instant Deposit, 1 business day withdrawals. It has been available since 2013 and has earned its millions of users trust. For a cash deposit you can utilise bank transfer methods like POLi, PayID or direct deposit. On the left hand side select 'Direct Deposit'. CoinSpot is also the only Australian exchange to hold ISO 27001 certification, meaning it is externally audited on a regular basis. Trading Fees CoinSpot charges 1% on instant buys and sells. When making a transaction in Australia, residents originally had to purchase one of the few crypto coins available, including Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). CoinSpot vs Coinstash | Which is better in 2023? - Marketplace Fairness Easily switch between the value shown from AUD and USD, and vise-versa. To buy crypto using fiat, you can pay for it directly at the time of purchase, without pre-funding your account. CoinSpot is also a custodial crypto platform. The posts on this site include affiliate links with our partners who may compensate us, at no cost to the reader. With the CoinSpot app, users can convenient and easily buy, trade, transfer, and sell different cryptocurrencies from the CoinSpot walelt. Binance can offer the lowest fees due to its massive trading volume and extensive customer base. The king of all cryptocurrencies, Bitcoin, is the first of its kind to have the highest liquidity value. It uses multi-layered security, including Two-Factor Authentication (2FA), custom withdrawal restrictions, anti-phishing phrases, geo-lock logins, session timeout settings and offline cold storage of the vast majority of cryptocurrencies. Independent Reserve wins when it comes to fees. The official website of CoinSpot states, these stringent policies are designed to eliminate unauthorised access, use, destruction, modification or closure of the organisations information management systems.. Ltd. ABN 19 619 574 186 and regulated under the highly governed financial sector in Australia to protect the companys operations with its users. CoinSpot is exclusively for Australian citizens, or those with Australian bank accounts. CoinSpot is widely recognised as the most trusted and secure crypto exchange in Australia. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. If any information on Marketplacefairness.org varies from the official website, you should rely on what is posted on the official website. To access the full range of 370+ coins, you need to do so directly from CoinSpot using the instant buy and sell. You don't need to worry about wasting time and money converting your crypto to ETH just to make an NFT purchase. Yes, CoinSpot is regulated. CoinSpot is one of the safest Australian crypto exchange platforms, with more than 250 cryptocurrencies. Most trusted and secure exchange in Australia, User-friendly interface perfect for beginners, Excellent security with optional insurance, Reduced trading fees for large volume traders, Interface is not as user-friendly as other exchanges. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Coinspot review, pros and cons. CoinSpot Review Australian Crypto Exchange, Last update: After this step, you can deposit up to AUD 2,000 a day and withdraw funds as well. Then, enter all your details and click Create Account. When you receive the verification link on your email address, click it. One of the most popular Bundles is the 'Top Ten Market Cap', which is a collection of the top ten cryptocurrencies based on market capitalisation. Not only does CoinSpot provide more altcoins and trading pairs than any other Australian platform, but the team behind the exchange makes an effort to share their companys goals and ideals with anyone willing to listen via social media. You want the answer now? The interface is easy to understand and essential. Figure 1. Direct deposit & POLi to allocate funds to their account . Also, how long does it take to withdraw money from CoinSpot? All content on AskAboutCoin.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. To do this however we are parting with PayPal as a payment option, and letting customers top up their CoinSpot account by depositing funds into the CoinSpot bank account, you can find more information on our website. If you are making lots of trades on a daily basis, the lower fees on Binance will maximise profits on all your trades, plus you will appreciate the extra trading tools and charts. Sign up to hear about the latest updates, market trends, and special offers. Four months later, it passed an audit of its information security management, to be awarded the ISO 27001 certification. When you navigate to the CoinSpot website or download their app, first, youll need to enter a valid email address and password before moving on. This website is not to be used as investment advice, financial advice or legal advice, and your personal needs will differ from the author's. CoinSpot is an Australian cryptocurrency exchange founded in 2013 by Russell Wilson. You can check price graphs, sell, trade, buy, transfer from the wallet, track your cryptocurrency portfolio in one place. In this article, we will review CoinSpot exchange, a leading Cryptocurrency exchange in Australia. Once you submit that, youll receive an email with a confirmation link to verify your transaction. Enter your email to access our FREE crypto trading course, and other useful resources. From here you will be able to locate your unique Direct Deposit details, along with further information on RTGS. To finalize your account, CoinSpot will ask you to create a sign with your name, signature, current date, and distinctive CoinSpot code, take a selfie with it, and upload it to the site. We advocate for you to do your own research and make educated financial decisions. In addition, it has no withdrawal and deposit limits and provides different methods to deposit AUD, that is, through POLi, BPAY, PayID, cash via BlueShyft. CoinSpot is an Australian cryptocurrency exchange established in 2013 by Russell Wilson, a well-known personality who had acquired major experience in building online security programs. It has been around since 2013, is fully registered with ASIC and AUSTRAC, and has 24/7 Australian live chat support. We've reviewed all the mainstream (and a couple of off-beat) coins to make your decision as easy as possible. We have tested out the Live Chat and every time a real customer support agent is responding within minutes. Enter your postcode and search for the nearest BlueShyft to you. If you sign up with our link, you also receive $20 FREE Bitcoin to get started! There are various deposit and withdrawal methods available on CoinSpot. Reddit, Inc. 2023. Coinstash wins with no fiat deposit or withdrawal fees, and lower trading fees of 0.85%. It's also very reputable with over 1 million Australian customers since 2013. . CoinSwap is CoinSpots native crypto asset exchanging tool. However, if you choose to deposit with BPAY there is a 0.9% fee, and if you want to deposit cash, there is a 2.5% fee. Binance responded in a professional manner, covering the loss in full, so users weren't affected. Their stronghold continues today despite the arrival of top Australian cryptocurrency exchanges such as Digital Surge and Swyftx. Cons CoinSpot is generally higher than global exchanges. The Support team is always friendly, knowledgeable and professional, and able to assist with my queries. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. When youre ready to deposit cryptocurrency into a digital wallet, open the Wallets page of CoinSpot and click on the wallet you want to use for your deposit. CoinSpot offers Australia's largest variety of digital assets with over 390 coins listed where users can buy, sell & swap benefiting from the lowest fees starting from 0.1%. The posts on this site include affiliate links with our partners who may compensate us, at no cost to the reader. This website is not to be used as investment advice, financial advice or legal advice, and your personal needs will differ from the author's. CoinSpot is registered with AUSTRAC, adhering to all AML/KYC obligations, and is a certified gold member of Blockchain Australia, complying with the Australian Digital Currency Industry Code of Conduct. Digital assets are risky, check out the Risk Disclosure Document on your platform of choice for more details and consider getting advice from a professional. CoinSpot is one of Australia's best crypto exchanges, and Binance is the largest crypto exchange globally, based on trading volume. CoinSpot is proudly the most secure and audited Australian crypto exchange, and holds ISO 27001 certification. You are able to also deposit cryptocurrency into your Binance account. Contact Us Partner with Us About Us Disclosure Terms & Conditions Privacy.