CoinSpot Alternatives

CoinSpot Alternatives

Daniel Chan

August 24, 2021

Cryptocurrency

CoinSpot is one of Australia's best cryptocurrency exchanges and is a popular option for many new users. However, if you're reading this article, you are probably looking for something different. Maybe you are looking for lower fees, more features, margin trading, or even to pay your bills using crypto. I have chosen the best 5 Australian alternatives to CoinSpot, that I will discuss in more detail below.

Best alternatives to CoinSpot in 2021

  1. 1
    Swyftx exchange - #1 alternative to CoinSpot
  2. 2
    Digital Surge exchange - Better fee structure than CoinSpot
  3. 3
    Binance exchange - Better for serious traders, more features than CoinSpot
  4. 4
    Independent Reserve exchange - Better for large-volume investors compared to CoinSpot
  5. 5
    Cointree exchange - Easy to use site like CoinSpot

Top 3 Alternatives to CoinSpot

Best Overall

✔️ Well-designed app with access to over 270+ different coins

✔️ Unique Demo mode - practise trading risk-free with play money

✔️ Best value with low fees and free $10 BTC, if you sign up with the button below

Best for Low Fees

✔️ Winner of Bitcoin buying test, showing lowest fees and spread

✔️ Access to over 270+ different coins

✔️ Simple interface that is easy to navigate for beginners

Best for Traders

✔️ International exchange with access to over 300+ cryptos

✔️ Low trading fees at a flat 0.1%

✔️ Wide range of features for experienced traders - futures, margin trading, p2p and more

#1 CoinSpot Alternative

Swyftx is my recommendation as the #1 alternative to CoinSpot. It is built with new users in mind, so it has a very user-friendly interface, with a unique Demo mode that lets you practise trading with free play money. Swyftx has tight spreads and low trade fees of only 0.6% compared to CoinSpot's 1%. Swyftx performed remarkably well in a Bitcoin buying test, and offers $10 free bitcoin for new users if you sign up here. If you want to read a comparison article of Swyftx vs CoinSpot, click here.

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Fiat Currencies

AUD

AUD

Number of Coins

270+

290+

Buy/Sell Fees

0.6%

1%

Deposit Methods

Direct deposit, PayID, POLi, Credit card, Debit card, Cryptocurrency

Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency

Low Fee alternative to CoinSpot

Digital Surge is an excellent choice for crypto investors that are looking for lower fees than CoinSpot. CoinSpot charges 1% per trade, while Digital Surge only takes 0.5%. In fact, Digital Surge won our crypto buying test with the lowest fees and spread. Digital Surge is a top alternative to CoinSpot because it has a lot of the features that CoinSpot offers. For example, Digital Surge offers over 270+ different cryptocurrencies, it has a mobile app for iOS and Android, and Live Chat support. It even offers features that are rarely found on other exchanges, for example, you can pay your Australian bills and credit cards using Bitcoin from your Digital Surge account.

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Fiat Currencies

AUD

AUD

Number of Coins

270+

290+

Buy/Sell Fees

0.5%

1%

Deposit Methods

PayID, POLi, Cryptocurrency

Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency

Alternative trading platform to CoinSpot

If you are an experienced serious trader looking for an advanced cryptocurrency exchange with plenty of features not found on CoinSpot, Binance is perfect for you. The platform has extremely low trade fees of 0.1%, and supports futures trading, margin trading, p2p trading, and even staking. If you have been around the crypto market for some time, and can comfortably navigate detailed crypto exchanges, I would highly recommend Binance. However, if you are a beginner, I would suggest one of the other exchanges, as the interface is not as simple to use and can be overwhelming for new users.

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Fiat Currencies

AUD, USD, GBP, EUR, CAD, HKD, JPY & 35 more

AUD

Number of Coins

300+

290+

Buy/Sell Fees

0.1%

1%

Deposit Methods

PayID, Credit card, Debit card, Cryptocurrency

Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency

Large-volume investor alternative to CoinSpot

Independent Reserve is an excellent alternative to CoinSpot if you are an experienced high-volume trader. It has a VIP service desk catering to large OTC trades, and discounts on large-volume trades (over $20 million per month decreases your fees to only 0.02%). The fact that over 8000 Self-Managed Super Funds choose to use Independent Reserve is testament to its ability to look after high-volume clients. You can also deposit USD, NZD and SGD, whereas CoinSpot supports AUD as the only fiat currency. If you are interested, you can read my detailed comparison of CoinSpot vs Independent Reserve.

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Fiat Currencies

AUD, USD, NZD, SGD

AUD

Number of Coins

26

290+

Buy/Sell Fees

0.5%

1%

Deposit Methods

Direct deposit, PayID, POLi, SWIFT, Cryptocurrency

Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency

Easy to Use site like CoinSpot

Cointree is not as well-known as the best Aussie crypto exchanges but it is a good alternative to CoinSpot because of its simple interface. CoinSpot is already easy to use, but Cointree's platform is extremely clean and uncluttered, making it perfect for first-time crypto investors. Even though it is a simple exchange, Cointree not only supports the major coins (BTC, ETH, ADA, LTC, BCH), but over 160+ altcoins. Another cool feature is the ability to pay your Australian bills using cryptocurrency in your Cointree account. 

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Fiat Currencies

AUD

AUD

Number of Coins

160+

290+

Buy/Sell Fees

0.9%

1%

Deposit Methods

Direct deposit, PayID, Cash, Cryptocurrency

Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency

Still Researching?

If you still haven't found an alternative to CoinSpot that you are happy with, find out more about the best crypto exchanges in Australia. There are plenty of options available, you're bound to find one that is right for you.

crypto exchanges

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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