top of page

COINSPOT

Budgeting

A cool crypto app

ITS GOOD

CoinSpot is Australia's largest cryptocurrency exchange, boasting over 2.5 million registered users. Based in Melbourne, it offers a wide range of services, including the CoinSpot Mastercard, SMSFs for retirement funds, crypto bundles, staking options, and an NFT marketplace. The platform supports 490 digital currencies and 100+ NFT collections. CoinSpot is known for its user-friendly interface, robust security measures (ISO 27001 certification), and compliance with AUSTRAC regulations.

Arrow down

WHY?

Arrow down

Pros:

​

  1. User-Friendly Interface: CoinSpot offers an intuitive and easy-to-navigate platform, making it suitable for beginners.

  2. Wide Range of Cryptocurrencies: The platform supports over 440 cryptocurrencies, providing a diverse range of options for trading.

  3. Instant AUD Deposits: CoinSpot allows instant deposits via PayID,

  4. Simple Fee Structure: CoinSpot charges a flat 0.1% fee on market order and OTC trades.

  5. Security Measures: The platform includes two-factor authentication (2FA) and other robust security measures to protect users' funds.

  6. Crypto Credit Card: CoinSpot offers a crypto credit card, allowing users to spend their cryptocurrency on everyday purchases.

 

Cons:

​

  1. Limited Advanced Trading Features: CoinSpot lacks some advanced trading features that more experienced traders might look for.

  2. Higher Fees on Some Transactions: Certain transaction types incur higher fees, which can add up over time.

  3. Customer Service Issues: Some users have reported issues with customer service, particularly when trying to resolve disputes or access their funds.

  4. Withdrawal Times: Withdrawal times can vary, with some users experiencing delays.

  5. Potential for High Fees: Users have noted that fees can be excessive, especially when considering transaction fees and spreads.

USING COINSPOT

Big Title

Coinspot review image

I find the overview easy to use.

Coinspot review image

I could activley buy and sell with ease.

Coinspot review image

I love the idea of cypto bundling and i enjoyed investing small amounts when i started.

Positive Review

​

Review by S, S (Jan 9, 2025): "Platform is easy to use and offers all features you would need from an exchange. Found their customer service to be prompt and happy with the outcome when contacting them for support. Shout out to Ben at support for being particularly helpful."

Negative Reviews
 

  • Review by J, J (Feb 1, 2025): "Coinspot randomly accused me of fraud because I sent money from a friend's bank when he went to pay me back some money I lent him. Neither of us have criminal records, nor have we ever been involved with anything to do with fraud."

Conclusion:

Overall, CoinSpot is praised for its ease of use, security, and extensive coin selection, making it a popular choice for Australian crypto traders. I currently use this app and ive found it a pleasure to use all around.

bottom of page