Founded in 2013, CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian Exchange. CoinSpot prides itself as a leader in the digital currency market and aims to provide superior customer service.
Multicoin Wallet
AUD Price
Local Exchange
Secure
CoinSpot is an online cryptocurrency trading website that aims to make it very easy for users to buy and sell a wide range of cryptocurrency coins and tokens. CoinSpot opened its virtual doors in the first half of 2013, with the original focus being on Bitcoin trading.
Since then it has expanded and evolved to become one of Australia’s most well-known crypto trading sites, offering a wide array of Cryptocurrencies with an astounding amount of features and different payment options.
CoinSpot provides customers with the largest selection of blockchain assets of any Australian Exchange with easy purchase options and an easy way to store coins for active trading. CoinSpot introduces a wide range of Australians, both beginners and experienced, to digital currencies by providing an easy to use platform that allows anyone to gain entry into the blockchain market.
Account registration and verification process steps as below
Out of all of the exchanges available in Australia, CoinSpot has the most reputable background also complying with Australia’s new AML/CTF laws enforced by AUSTRAC.
Coinspot uses POLi payments method which are deposited instantly and are fee-free.
Withdrawn AUD instantly deposited to your Australian Bank Account.
Fees on Market order is as low as 0.1%.
CoinSpot’s main support option is provided by ZenDesk who are major leaders in the industry, and their facility is easy to use.
CoinSpot is local Exchange located in Melbourne complying with Australia’s new AML/CTF laws enforced by AUSTRAC.
CoinSpot utilises a 2-factor authentication (2FA) system requiring users to sign off on transactions through their smartphones.
The business behind CoinSpot is Casey Block Services Pty Ltd with the ABN 19 619 574 186. Founded in December 2013 by Russell Wilson, CoinSpot was setup using Russel’s existing ABN which he had from IT consulting work, running CoinSpot as a sole trader with the trading name of CoinSpot. He then registered the PTY LTD in 2014 and planned to set up the company to own and operate the CoinSpot platform but continued to operate under the sole trader and eventually closed the PTY LTD in late 2016. In 2017 the company went through some huge changes with the increase in popularity for Cryptocurrency in Australia, growing his team substantially and finalising the company structure. Having had focus on strong security throughout has served them well as they are now known as the most secure and trusted Cryptocurrency exchange in Australia.
Dedicated professional trading services tailored for individual and institutional investors. Buy or Sell large volumes of Bitcoin, Ethereum, Litecoin and more with ease!
Use lock-in pricing to eliminate slippage and minimise the risks normally associated with high volume trading.
Direct access to a dedicated professional trading broker.
Access your assets instantly after trade settlement.
Trade confidently and securely.
Leverage the largest liquidity Over-The-Counter trading desk.
Widest variety of crypto assets in Australia.
Support to Self Managed Super Fund & Business Account on-boarding.
As below
Fee - Free
Minimum Deposit - None
Maximum Deposit - $10,000 every 24 hours
A tried and tested method that is owned by Australia Post and has been around for years which has gained the trust of thousands of establishments and individuals. POLi payments are deposited instantly and are fee-free. This makes it a highly favourable option.
Fee - 0.9%
Minimum Deposit - $1
Maximum Deposit - $10,000 every 24 hours.Can request higher limit
BPAY is another proudly Australian brand that is accepted at over 45,000 different vendors. With numbers like that, it’s guaranteed to be a trusted payment method. But what is it, exactly? It is a e-wallet system that processes payments within a day- which is pretty good considering industry standards.
Fee - 2.5%
Minimum Deposit - $50
Maximum Deposit - $8,000 every 24 hours
You can make cash deposits directly to your Coinspot account. Coinspot partnership with BlueShyft allows you to go to one of thousands of newsagents to pay.
Coinspot is typically an easy to use cryptocurrency wallet. Perhaps that’s also one of the major advantages of the wallet; even a novice or a beginner in the cryptocurrency trading world can use the wallet.You can buy a range of about 135 different blockchain assets in this wallet by just choosing the asset you want to buy or sell and clicking a simple button after choosing how much you want to buy or sell.
Some of the CoinSpoint wallet features are
Some of the CoinSpot Exchange Features are
Being an Australian company means that the process of transferring your money from the bank is substantially more simplified and convenient.
The web application is simple to navigate, easy to use when buying and selling and has many quality of life features that add up.
The platform also works on mobile, for trading on the go.
That allows you to keep all your coins in one place, and have access to them at anytime. With easy transfers and minimal fees.
CoinSpot does a great job by offering its users bank level security. In addition to, two factor authentication upon logging in and transferring coins out of the platform.
CoinSpot does a great job by offering its users bank level customer support.
Unique Features which is only availble on CoinSpot which is regarded as Australia's most popular Digital Currency Exchange
This is a unique feature not found in any other Australian Exchange. You can now swap any of your coins with any other coin listed on CoinSpot using their unique CoinSwap feature.
This is another unique feature where you can instantly buy and sell your coins.
Some of the FAQ regarding CoinSpot Exchange
To withdraw your money (Australian Dollars) from CoinSpot, you first need to tell CoinSpot where you would like them to send your money. This is as simple as clicking on ‘Account’, then ‘Bank Details’, and then filling in the account number for where you would like your funds sent to.
CoinSpot does not currently have a desktop or mobile wallet, but you are able to store your cryptocurrency on their online wallet, which you can access anytime you login.
For money withdrawals, if you make the withdrawal before midday, you can expect the money to be in your bank account the next day. Crypto withdrawals are processed instantly, but the time it will take to arrive in the recipients address will depend on a range of factors, including the network congestion. This can make the waiting time anywhere from a minute to a few hours or more.
CoinSpot make it incredibly easy to send your coins to anyone in the world. Once you have purchased your coins, click on Wallets from the top menu, then open the wallet that you wish you send coins from. Once you have opened the wallet, click Send. Enter the amount of coins you wish to send, then enter the address you wish to send to (double checking that it is correct). Next, enter your 2FA code if you have it enabled (highly recommended!), and click Send. You will need to approve the transaction via an email that CoinSpot will instantly send you – this is a security feature to ensure that it was you that made the transaction.
There's no CoinSpot app, but the CoinSpot website is fully responsive, meaning it works well on mobile devices.
The platform currently only supports withdrawals to Australian bank accounts.
Out of all of the exchanges available in Australia, CoinSpot has the most reputable background also complying with Australia’s new AML/CTF laws enforced by AUSTRAC. CoinSpot requires a strict verification process to protect its platform and its users. As many other exchanges do, CoinSpot uses the two-factor authentication (2FA) security method which requires you to enter a code on your phone each time you login to the platform. This makes your account much harder to hack and is the preferred method for most exchanges around the world.
The platform offers a multi cryptocurrency wallet system with built-in trading features. This means that it provides a wallet for all of the Cryptocurrencies it has on offer so you can safely store them in escrow and move them whenever you need to. CoinSpot uses bank-level security in its system meaning there is a very low risk that the platform will be hacked. You are free to send your Cryptocurrencies to other platforms/devices whenever you want to with no restrictions.
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