CoinSpot

27 user reviews

CoinSpot is a fee-based digital currency (cryptocurrency) trading platform based in Melbourne, Australia. Former programmer Russell Wilson founded CoinSpot in 2013 with two main objectives: to enable anybody to enter the digital currency market, and to promote the widespread acceptance of digital currency assets. CoinSpot’s stated aim is to deliver superior customer service to beginner and experienced traders alike. The CoinSpot platform enables users to buy, sell, send, spend or store digital currencies, without the need for in-depth technical knowledge. In order to trade on the CoinSpot platform, customers need to register a user account. Once registered, it is possible to log in from a desktop, or to transact from a mobile device with the secure CoinSpot multi-currency digital wallet. Residents of Australia can also link a bank account and trade in Australian Dollars. CoinSpot customers can instantly buy or sell 46 different digital currencies, including Bitcoin, Ethereum, Neo, Golem and Dogecoin. Cryptocurrency can be stored in the digital wallet, and can also be sent to other users or used to make online purchases. Australian users can also withdraw directly to their bank accounts. According to Coinspot’s website, all funds are kept in escrow, and the company utilises independently-audited third party data centres and a multi-factor identification process. CoinSpot is a member of ADCCA, the Australian Digital Currency and Commerce Association. The company is also compliant with AUSTRAC, Australia’s counter-terrorism anti-money and laundering financing regulator. Support is available via the Help Centre and Knowledgebase.

Show more

27 user reviews

“Disapointed”
Reviewed

The general use of coinspot is quite easy and usually works right. Unfortunately they recently set up a pegged system which doesn't work, there appears to be a major issue with their coding. I set an order to buy btc at market price -2% when btc was floating around 9000 AUD. My order processed with a purchase price of over Show more

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Clean and modern platform”
Reviewed

Easy to use, clean and modern. The approval process took a few days though, but once i was approved it was great to use.

My only suggestion would be that more coins should be added quicker.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Better than other crypto coin exchange platforms”
Reviewed

I've had some experience with various crypto coin exchange platforms and I can say Coin Spot is one of the better ones, if not the best. This is regarding to everything: reliability of trading, withdrawal fees, speedy and good support... If you're interested in crypto currencies, you should check them out.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Reliable, but not the cheapest”
Reviewed

I've used several platforms for coin exchange and CoinSpot is one of the best, though not the cheapest. Fees are somewhat higher than other traders. But the stability and security have proven to be on a top level. Customer support could use some work too, they often get back to you within days, we could use a faster support.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Excellent platform that needs to add more currencies”
Reviewed

May you please add Tether Euro to your comprehensive portfolio of coins? Given the volatility of the USD in recent times, it would provide some much appreciated stability in times of uncertainty.

Much love as always and best wishes in these bullish times. This is the first website I used when I started out and I am still with you guys.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“One of the easier platforms to use”
Reviewed

I signed up two weeks ago and I've made a few trades now. Overall I find CoinSpot to be extremely reliable. Poli payments have been down but the other options for deposits have worked just fine.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“The banks are still trying to figure out blockchain”
Reviewed

Next time banks try and stop you from using your own funds to buy crypto ,look at what the hypocrites are doing now ! this from Port Phillip publishing today :Commonwealth Bank and Westpac are part of a banking consortium that just invested AU$107 million in blockchain start-ups...

ANZ is currently trialling a new international payments network created by blockchain company Show more

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“I liked it initially, until I realised I had spent $1000 in 4 weeks in fees.”
Reviewed

Coinspot is easily the most expensive exchange on the market. If you're a daytrader like me, it's just not feasible. Secondly, they had recently increased the spread between buy/sell in what I can only imagine was an attempt to milk even more profits from traders.

As a result, I have moved elsewhere. Coinspot is a basic exchange that charges ridiculous Show more

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“My CoinSpot experience”
Reviewed

I was gonna write about my CoinSpot experience, but hey - I haven't finished my verification process yet... 2 weeks and counting! One thing I can tell you out of experience - they're slow to verify users. I've provided everything they asked for, yet I'm still in the queue. Hope to be able to start trading soon

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Thanks!”
Reviewed

Thanks coinspot for finally reducing the spread between buy and sell. It's not back to parity 100% of the time, but I've noticed it's now a lot better and sometimes even the same buy and sell price on some coins keep up the good work and thanks for taking our criticism on board. Look forward to seeing parity on all Show more

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

CoinSpot features

  • Bitcoin
  • Ethereum
  • Litecoin
  • Monero
  • Email ticket support
  • Ardor
  • Augur
  • Basic Attention Token
  • Bitcoin Cash
  • Bytecoin
  • Civic
  • Dash
  • DigiByte
  • Dogecoin
  • EOS
  • Ethereum Classic
  • Factom
  • FunFair
  • Golem
  • IOTA
  • LBRY Credits
  • Lisk
  • MaidSafeCoin
  • Metal
  • NEM
  • Neo (AntShares)
  • Nexus
  • Nxt
  • OmiseGO
  • Peercoin
  • PIVX
  • Reddcoin
  • Ripple
  • Safe Exchange Coin
  • Siacoin
  • Steem
  • Stellar
  • Stratis
  • TenX
  • Tether USD
  • Verge
  • Waves
  • Buy
  • Sell

Official description provided by CoinSpot

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. CoinSpot has revolutionised the digital currency market by providing a secure platform which aims to break down the technical barriers enabling a greater range of Australians to experience digital currencies.

CoinSpot promotes a strong digital currency community with an aim to expand and broaden the acceptance of blockchain assets in an aim to gain greater acceptance in Australia.

CoinSpot provides customers with the largest Show more

Other hosts you may like

Don’t miss out.

Sign up for sale alerts now.

Our partners regularly send us exclusive offers and flash sales. We will notify you the moment we receive them!