CoinSpot vs. 2023

CoinSpot is the largest cryptocurrency exchange, with more than 2 million users. is a well-known cryptocurrency application that is growing rapidly.

For an Australian user, which one is the best choice to your needs? I’ve reviewed both platforms in depth for you, so that you can make your own decision. But I found out that CoinSpot is the best overall crypto exchange in this comparison.

The best part about CoinSpot is that it is an Australian-based exchange. This means, it services is best suited for Aussie crypto traders out there. However, offers some amazing features as well that you might be interested in. So, see for yourself which one is the best for your needs!

Get $20 Free BTC with CoinSpot

CoinSpot vs. Comparison Table
Coinspot logo
Supported Coins360+250+
Trading FeesInstant buy: 1%, Market: 0.1%Included in spread
Deposit FeePOLi, Bank transfer, PayID, OSKO: Free; BPAY: 0.9%, Cash: 2.5%PayID, BPAY: $0,
Credit/Debit card: 3.50%
Withdraw FeeFreeFree
Payment MethodsBank transfer, OSKO, Cash Deposit, BPAY, POLi, PayIDPayID, BPAY, Debit/Credit card



CoinSpot Pros and Cons

coinspot homepage


  • An established track record as an honest company
  • A wide range of cryptocurrency options to make instant purchases and sales
  • Beginner-friendly design
  • Rapid withdrawals and deposits
  • NFT market available
  • Cold storage is used to keep the company’s and user’s funds inaccessible


  • AUD withdrawals and deposits only
  • There is no option for credit or debit card deposits
  • Costs for purchase in a flash Pros and Cons homepage


  • Has 250+ crypto with staking available on 40+ crypto
  • Easy and fast lending and borrowing of crypto
  • Offers derivatives and margin trading
  • Insurance cover on cryptocurrency
  •’s Visa debit card comes with 5% cashback


  • Desktop website is limited to trading with only BTC, USDC, USDT, and CRO


CoinSpot is a great choice for an easy-to-use exchange for the common Aussie to access on the latest crypto. This is the main reason they have such a large number of users (over 2.5 million). The 24/7 Live Chat customer service is extremely responsive and helpful as well, and if you’d rather, you can contact them via email. CoinSpot also provides other services including the NFT marketplace, and the option of staking upon 21 coin.

coinspot NFTs offers a variety of excellent features, including investing for interest in crypto however, the one thing that is causing everybody hopping on board with this app is its free Visa debit card. The card is the Visa debit card for every time you stake at least $500 in’s token, known as CRO. The card you are issued is contingent on the amount you put in, however there are a lot of great advantages with this card, including up to 5 percent cashback on CRO on every purchase, 100% return for Spotify and Netflix and 10% cashback for Airbnb and Expedia as well as access to lounges at airports. 

The application has attracted the attention of everyone thanks to their no-cost Visa debit card. Since November 20, 2021, it has been made available to Australian users, which allows users to earn free crypto each when they make a purchase using the card. It is possible to put up 47 different currencies in the app, is another great benefit for those looking to make to invest in crypto for the long term.


Supported Cryptocurrencies

CoinSpot offers a wide range of coins – it’s one of the largest of any Australian crypto exchanges with more than 360 cryptocurrencies. also offers a large quantity of coins. over 250 different crypto currencies.

CoinSpot offers more than 360 coins, compared to and has more than 250 coins. Although’s collection isn’t abysmal, CoinSpot has over 50 percent more coins to choose from.

Winner: CoinSpot


CoinSpot offers a variety of deposit options that are completely cost-free: POLi, PayID, OSKO. If you wish to pay using BPAY it’s 0.9 percent, or 2.5 percent with cash deposits. The withdrawals of AUD are not charged. Instantly buy or sell crypto costs 1cent, however when you make a trade on the market it’s only 0.1 percent. Be aware that there are only 14 coins accessible for trading with on market. doesn’t charge fees for deposits made with BPAY or PayID. If you’re looking to purchase crypto using a credit card or debit card, there’s a charge of 3.50 percent, but they’ll waive it you make a deposit within your first thirty days that your account is open. Making withdrawals of AUD through will not cost you anything. Regarding fees for trading, does not charge any commissions, however the fees they charge are part of their larger spread. It is the spread between stated price of purchase and sale for each coin. offers lower rates for trading than CoinSpot. There are no deposits fees when you use BPAY or PayID and no withdrawal fees from the account of your Australian savings account.


Customer Support

The Live Chat feature of CoinSpot lets you contact customer support quickly. If you happen to encounter issues you can reach the customer support team they are competent, responsive, and skilled in solving customer problems.

You can also reach the support team through our Help Desk 24/7. CoinSpot’s support personnel will get in touch with you to help identify your problems and resolve them typically within 24 hours.

In addition, CoinSpot has a comprehensive guide to information that includes enlightening tutorials for beginners as well as an frequently asked questions section to aid new investors in getting Bitcoin as well as other currencies that are digital.

Support for customers is available through an email, a help page or live chat. However, as of this making this post, does not offer telephone support. Although customer support is available via email and live chat numerous customers have complained about slow response times and the absence of prompt support for problems with their accounts.

It is without doubt that CoinSpot is superior to in terms of customer support and support, and that is the reason why CoinSpot gains the trust of a substantial number of users.

Winner: CoinSpot

Deposit Methods

CoinSpot allows for a variety of deposit options, such as Direct Deposit, PayID, POLi and cryptocurrency. BPAY (0.9 fee of.9%) as well as cash deposits made through BlueShyft (2.5 percent) can also be made to customers to deposit funds.

You can fund the balance of your account by depositing any cryptocurrency you already have, or by making deposits in Singapore Dollar (SGD) via third-party payment processors, such as Xfers or IBAN or depositing USD in USDC via your multi-currency account into the wallet. For Australian customers, AUD cannot be deposited using PayID, debit/credit cards and the BPAY payment method for trading.

CoinSpot offers a variety of deposit options that are suitable for Australian traders. With additional instant and free deposit options, CoinSpot is the winner. While accepts debit and credit cards but it comes at a price of a high cost.

Winner: CoinSpot


CoinSpot has become the standard in protection within the Australian cryptocurrency market. It is regarded as the most reliable, secure and audited cryptocurrency marketplace in Australia. It is the only exchange to have ISO 27001 certification, and is a member of Blockchain Australia. It utilizes 2FA logins for logins, geo-locking, and anti-phishing codes and also stores the vast majority of its cryptocurrency as cold storage. is another reputable and secure cryptocurrency exchange that keeps all cryptocurrency used by users off-line in cold storage employing Ledger Vault’s institution-grade custody. The funds they store inside hot wallets represent corporate funds that are used to process every day withdrawal requests from customers. In the year 2020, was awarded the ISO/IEC 27701 certification for 2019, being the first cryptocurrency company in the world to obtain this accreditation.

cryptocom security also offers insurance for cryptocurrency of $750 million, which protects their customers against physical damage or destruction as well as third-party theft.

Security Winner: Tie


CoinSpot is definitely the top choice in our test. If you have any issues, you can call their knowledgeable customer service at any time. If you need assistance with an exchange, you can contact live support via live chat feature or Help Desk. CoinSpot offers an intuitive interface for users that even the least skilled user can use. CoinSpot’s users are able to trade a variety of currencies with the highest levels of security. This makes it a perfect choice for traders and investors both in Australia and around the world.

Frequently Asked Questions

Is CoinSpot Regulated In Australia?

Crypto-currency exchanges are considered legal entities in Australia and are required to comply in accordance with Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF 2006). CoinSpot is a seasoned player in the industry, CoinSpot operates in full conformity with Australian laws.

What kinds of NFTs are offered on CoinSpot?

CoinSpot isn’t very closely linked with CoinSpot isn’t closely linked to DeFi part of the cryptocurrency world , but it does have a selection of the hugely popular art tokens known as NFTs. You can locate about twenty NFT collection on sale on CoinSpot which includes Decentraland (MANA), ApeCoin (APE) along with Sandbox (SAND)

Are CoinSpot the best exchange to purchase Bitcoin?

It depends. CoinSpot is always the preferred option for Bitcoin transactions (and trading generally) for those who require the assurance of the services they utilize. Its attractive design and a highly efficient customer service which make CoinSpot among the most reliable Australian exchanges. If you’re an Bitcoin trading day-to-day, you might want to look for a less expensive and more diverse option.

How do I withdraw my money through CoinSpot?

To withdraw funds from CoinSpot it is necessary to trade them to fiat. It’s as easy as buying. All you need to do is click the Sell tab, type in the amount of cryptocurrency you wish to withdraw, then enter the bank details required. The exchange will calculate immediately the exchange rate at the moment and deposit the cash into your bank account once you’ve confirmed the transaction.

What are the acceptable payment methods on CoinSpot?

In a nutshell, nearly every thing you can think of as a legitimate payment method across Australia other than credit and debit card, ApplePay and PayPal. Its CoinSpot list of payment options that are accepted includes cash deposits, bank transfer (Blueshyft), BPAY, Osko, POLi, PayID and, of course cryptocurrency.

What exactly is Crypto making?

Crypto Earn is an product which allows users to earn money from their cryptocurrency. In particular, by depositing cryptos, clients may earn up to 8 percent (this can be increased to 14% for deposits of in stable currencies) of interest that is paid every week.

Does have an account?

Yes. This platform has an uncustodial wallet that is available as an individual application. It’s important to know that when you use this wallet to hold your digital assets, you’ll remain solely accountable for the private keys.

Which countries are covered by

The company is based with its headquarters in Hong Kong, the trading platform is available to residents in Hong Kong, the United States, Singapore, Singapore, the United Kingdom, and more than 30 European countries.


Top Crypto Exchanges Compared

ExchangeDeposit MethodsFiat CurrenciesCryptocurrenciesTrading FeesDeposit FeesWithdrawal Fees

Swyftx logo

Bank Transfer, Crypto, Credit and Debit Card, Osko, PayIDNew Zealand Dollars and Australian DollarsOver 3200.6%Australian Dollars Deposits: 0% Crypto: 0%Australian Dollars Withdrawals: 0% Crypto: 0%Visit Swyftx

Binance Exchange Logo

Crypto, Credit and Debit Cards, Osko, PayID10 Fiat Including USD and AUDOver 6000% to 0.1%0%VaryVisit Binance

Coinspot logo

Bank Transfer, Fiat, Crypto, POLi, and PayIDAustralian DollarsOver 370Instant Buy/Sell: 1% OTC: 0.1% Market Order: 0.1%*Direct Deposit: $0 Cash: 2.5% PayID, POLi, and direct deposits: $0 BPAY: 0.9% Direct Bank Transfer: $0 Australian Dollars Withdrawals: $0Visit CoinSpot

Bybit exchange logo

Crypto, electronic funds transfer (EFT), wire transfer, bank transfer, credit card, and debit card50+160+0.1% spot trading 0.01% – 0.06% market makers/market takers fee$0Does not support direct fiat withdrawals Crypto withdrawal fees: Network feesVisit Bybit logo

PayPal, Cryptocurrency, SWIFT, Fedwire, Wise, Debit Card, Credit Card, SEPA, BPAY, Bank Transfer (ACH)USD, AUD, SGD, and 15+ more250+0.04% to 0.4%$0FREE via bank transfer. $25 for USDC withdrawal via SWIFT NetworkVisit

Digital Surge
digital surge logo

Bank Transfer, Crypto, POLi, Osko, PayIDAustralian DollarsOver 3000.1% to 0.5%Deposit Fees Bank Transfer: $0 POLi: $2 (capped at $3.30)$0 for AU Bank Accounts Cryptocurrency: Depends On the NetworkVisit Digital Surge

Coinjar Exchange Logo

Fiat, Bank Transfer, Crypto, Credit or Debit Card, Apple Pay, Google PlayPound Sterling and Australian DollarsOver 50Maker: 0.04 to 0.1% Taker: 0.04 to 0.1%Fiat: 1.5% CoinJar Users: $0 NPP: $0 $0Visit CoinJar

Independent Reserve

Crypto, Osko, PayID, Electronic Fund Transfer, SWIFTAustralian Dollars, US Dollars, New Zealand DollarsOver 250.05% to 0.5%For SWIFT Deposit: $15 for deposits under Australian $5,000 equivalent $0 for deposits over Australian $5,000 equivalent For Electronic Fund Transfer: Australian $0.99 for deposits under $100 $0 for deposits more than Australian $100Crypto: Fees vary Bank Transfer: $0 for AUD $20 for non-AUDVisit Independent Reserve

eToro exchange logo

Bank Transfer, Debit Cards, Neteller, PayPal, Online Banking, and Skrill15 Fiat Currencies Including USD and AUDOver 70VaryVary$5 but minimum withdrawal of USD50Visit eToro

Coinbase Exchange Logo

Debit CardMore than 20 Fiat Currencies Including USD and EUROver 200VaryCredit Card and Debit Card: 3.99%2.49%Visit Coinbase

Bittrex exchange logo

Bank transfer (ACH)Euro and US DollarsOver 3200.25%$0VaryVisit Bittrex

Bitfinex exchange logo

Bank Wire Transfer, Crypto, Credit CardUS Dollars, Japanese Yen, Euro, Pound SterlingOver 200Taker: 0.055% to 0.2% Maker: 0% to 0.1%Crypto: $0 Wire: 0.1% (min 60 Euro/USD)Crypto: $0 Wire: 0.1% Express Bank Wire (within 1 day on business days): 1% (min 60 Euro/USD)Visit Bitfinex

Coinmama exchange logo

Bank Card, SWIFT, Google Pay, SEPA, and Fedwire6 Fiat Currencies Including USD and AUDOver 102.93% to 3.9%0% to 5%N/A – assets are directly sent to the user’s crypto walletVisit Coinmama

Kraken exchange logo

Bank Transfer, Crypto, Wire Transfer, osko, SEPA, Apple Pay and Google Pay7 Fiat Currencies Including USD and AUDOver 140Maker: 0% to 0.16% Taker: 0.10% to 0.26%VaryVaryVisit Kraken

KuCoin exchange logo

Crypto, PayPal, Wire Transfer, Credit or Debit Card, SEPA9 Fiat Currencies Including USD and AUDover 6450.1%$0VaryVisit KuCoin

Easy Crypto
easy crypto logo

Bank transfer, P2P, POLi, OSKOAUD100+ 0.5% – 1.6%$0Fiat Withdrawal fees: $0 Crypto withdrawal fees: Network feesVisit Easy Crypto

coinstash logo

Crypto, PayID, Bank TransferAUD410+0.85%$0Crypto withdrawal fees: Network fees Fiat Withdrawal fees: $0Visit Coinstash

About The Author

Gareth Johnson
Gareth Johnson

Gareth is incredibly passionate about sharing his knowledge in the crypto industry. It's important to make informed decisions in crypto and it's Crypto Wisdom's goal to make this information widely accessible.

This page was last updated on July 14, 2023