A Complete CoinSpot Review 2023.
CoinSpot is an online platform where people can buy and sell cryptocurrencies. It is one of the most popular exchanges in Australia and has been operating since 2013. The platform is easy to use and has a user-friendly interface. CoinSpot also has a mobile app which makes it convenient for users to trade on the go. Learn everything you need about coinspot review here.
120+ COINS
Coinspot
CoinSpot is an online crypto trading platform that allows you to buy, sell, and trade cryptocurrencies. You can also use CoinSpot to store your coins in a secure wallet. CoinSpot is a great platform for those who are new to the world of cryptocurrencies, as it is easy to use and has a user-friendly interface.
How does CoinSpot Work?
CoinSpot works the same as any other exchange. The platform charges trading fees for matching buyers and sellers ’. When you register an account with Coinspot, you will need to deposit some fund s.y ou can start trading on the CoinSpot platform once your account is funded. Some users like to use the platform for day-trading, while others prefer to buy and hold on to it. If you are a member of the latter category, you should withdraw your coins to your own wallet. High net worth customers or institutional investors can use Coinspot's OTC service. The spot trading platform will work for you if you only trade small amounts.
Does CoinSpot have a wallet?
CoinSpot gives users the ability to store, send and receive coins in a web wallet. These are not a non-custodial wallet where you have access to the private key and a guarantee that no one else can access your funds. CoinSpot is similar to a traditional bank in that it moves funds on your behalf when you request it. This is why security is so important. Your funds could be at risk if the CoinSpot server is hacked. If you want to physically own your cryptocurrencies, you need to withdraw your funds from a private wallet.
Who is CoinSpot designed for?
Although more seasoned traders may find it a little lacking in F u n c t I o n a l I t y, CoinSpot is suitable for traders of all level s.i t is easy to use and has a minimalist user interface. Users can set up stop loss and stop limit orders, which are useful to de-risk trades. The SMSF team and OTC trading desk are available to those who wish to trade higher values.
Is Coinbase or CoinSpot Better?
I bet you picked out the answer on your own. Although you probably chose the most popular exchange in the world, I do not think the American Coinbase can compete with the Australian coins po t.o ne of the first things you should know is that both of these exchanges are recommended for beginners in the trading world. The parallel between these two exchanges stops when the user-friendliness stops. When comparing the two platforms, CoinSpot is superior because of its lower trading costs, a wider selection of supported coins, and outstanding customer support, which features live chat with real people instead of bots. Not much more to say, right?
Product Specs
| COINSPOT | |
|---|---|
| Cryptocurrency | 360+ |
| Deposit fee | BPAY: 0.9%, Cash: 2.5% | Bank transfer, POLi, PayID, OSKO: Free |
| Deposit methods | Bank transfer, POLi, PayID, BPAY, cash deposit, credit/debit cards |
| Fiat currencies | AUD |
| Headquarter: | Australia |
| Market | Spot |
| Max Trading Fees | 1% |
| Min maker | 0.10% |
| Min taker | 0.10% |
| Mobile app | Yes (iOS and Android) |
| Options Fee | No |
| Our Review | Read our full CoinSpot review |
| Payment methods | PayID, Cash Deposit, Bank transfer, OSKO, BPAY, POLi |
| Social trading | No |
| Supported Cryptos | 128 |
| Trading Fees | Market: 0.1%, Instant buy: 1% |
| Website | https://www.coinspot.com.au/ |
| Wire | Yes |
| Withdraw Fee | Free |
| Withdrawal Fees | BTC 0.000079 |
COINSPOT - Reviews
2022-04-04
Super easy and highly professional platform to handle crypto buy, sell and trade. I love this exchange and it's amazing to use.
2022-03-15
I find this app absolutely great for what i need... Its simple to understand and navigate plus most importantly tansaction's are fast... Good job guys keep it up :)
2022-04-28
Great app - developers have an understanding on what the users want and actively listen to their community. Would recommend.
2023-01-26
This app keeps getting much better functionality and I'm enjoying it. With the CoinSpot earn, I'd love to see a single dashboard for that which covers what coins are eligible, what returns I've had and what coins aren't staked. Also, multiple account support would be great!
Conclusion
It is clear from our review that CoinSpot is one of the best exchanges for australians. 1. I t is a forte for CoinSpot to be securit y.y ou can invest and trade confidently on the exchange. 2. D e p o s I t and withdraw funds are both free and easy to use, and the interface is user-friendly. A number of features that experienced traders look for in a crypto exchange, like staking on 22 coins and an NFT marketplace, can be found in Coinspot.3.According to Trustpilot reviews, CoinSpot received a rating of 4.5 from thousands of reviews with many praising the support team for being timely, knowledgeable and capable of resolving issues quickly. We have also reviewed other exchange s.y ou can find reviews of both Binance and Coinspot.