What is CoinSpot?
CoinSpot’s been around since 2013, which makes it one of the oldest crypto exchanges in Australia — and over time, it’s built a reputation for being super secure, reliable, and beginner-friendly. Even with newer platforms like Swyftx popping up, CoinSpot has held its ground and is still the most widely used exchange in the country, with over 2.5 million Aussies on board.
What I like about it is that it’s more than just a basic crypto trading platform. You’ve got access to 530+ different cryptocurrencies, a crypto debit card so you can actually spend your crypto, and even an NFT marketplace if that’s something you’re into. Plus, the whole setup — both on desktop and the app — is really easy to use, and they’ve got 24/7 live chat support with real humans (not bots!), which is a big deal when you need help fast.
Oh, and if you’re thinking about signing up — there’s a $20 FREE Bitcoin when you register using our unique link. Nice little head start if you’re just getting into crypto.
Why I Personally Like CoinSpot
After testing out a bunch of Aussie exchanges, CoinSpot is still one of my top picks — especially for anyone who just wants something simple, safe, and reliable. Here’s why:
1)
It’s ridiculously easy to use
Even if you’ve never touched crypto before, CoinSpot makes the whole process feel pretty straightforward. You can buy and sell directly with AUD, and the layout’s clean whether you're on the app or desktop.
What really sets it apart though is their customer support. You get live chat with a real person — which is rare these days. No chatbot runaround or waiting three days for a support ticket to get answered. When I did a customer service comparison across several exchanges, CoinSpot actually came out #1.
2) It’s hands-down the most trusted exchange in Australia
Security-wise, CoinSpot takes things seriously. They’ve gone through more audits than any other Aussie exchange, and were the first to earn ISO 27001 certification, which is a big deal in cybersecurity.
They’re also registered with ASIC and AUSTRAC, which means they follow all the local laws around anti-money laundering and compliance. Plus, they store the majority of their assets offline, which adds another layer of safety. No FTX-style collapses here. I don’t stress about keeping funds on CoinSpot.
3) Huge range of over 530+ coins
CoinSpot offers hundreds of cryptos, which is one of the biggest selections in Australia. You’ve got all the staples — BTC, ETH, BNB, DOGE, etc. — and plenty of smaller altcoins if you like hunting for the next hidden gem.
The only real downside of CoinSpot is that it doesn’t offer advanced trading tools like margin or derivatives trading. If you’re an experienced trader looking for leverage or futures, you’ll want to check out platforms like Bybit or MEXC.
But to be fair, CoinSpot isn’t trying to be that kind of exchange. It’s built for everyday Aussies who want a safe and easy way to buy, hold, and sell crypto — and it does that really well. If you decide to use CoinSpot, don't forget to sign up using this link to receive $20 Bitcoin for free.
Reviews from other users
Overall Feedback: Excellent
early days when a coin seems to be doing very well it disabled the buy/sell for that coin
just take this into consideration when opening an account
I like the added security layers they’ve got. 2FA and confirmations keep me feeling safe about leaving some funds on there.
Transfers in and out of my bank have been seamless. I usually get my fiat back within the same day.
CoinSpot’s good but the 1% fee on instant trades is a bit much. I use market trades now to save on that, but it’s not as quick.
Love how many coins are available here. Even smaller tokens I couldn’t find on binance are listed
Whenever I contacted support they were quick and actually helpful. That’s rare with crypto platforms tbh.
Staking on CoinSpot has been great for earning a little extra. I’ve been compounding ADA for a while and it’s smooth.
Super clean interface and perfect for beginners. I got my dad using it and he picked it up without needing any help lol.
Verified and funded my account in less than 5 minutes. That’s faster than most exchanges I’ve tried before.
I like that it's Aussie-based, makes me feel more secure. Local support and AUD trading pairs are a huge plus.
Coinspot has been the easiest crypto app I’ve ever used. Everything from buying to withdrawing to my bank just works.
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Key Features & Advantages of CoinSpot
Let's take a look at some of the key features that make CoinSpot one of Australia's most popular crypto exchanges:
Negatives & Disadvantages of CoinSpot
CoinSpot is an excellent crypto exchange for Australians, but there are a couple of downsides to consider when deciding if it is the right platform for your needs:
Comparison Table of the Best Crypto Exchanges in Australia
What Does CoinSpot Offer?
There are a ton of crypto exchanges out there in Australia, and it can be overwhelming trying to figure out which one’s actually worth your time. I’ve spent hours testing and reviewing CoinSpot myself, and honestly, it stood out for a bunch of reasons. If you're looking for a reliable, beginner-friendly platform in 2025, here's what really makes CoinSpot a top pick in my book:
Buy crypto instantly with AUD: One of the best things about CoinSpot — and something I personally love — is how ridiculously easy it is to buy crypto directly with Aussie dollars. Depositing AUD is free, and within two minutes of signing up, I was already buying my first coin. No need to mess around with order books or trading pairs — just click “Buy” and you’re good to go.
Unlike some other platforms that make you wait for another trader to match your order, CoinSpot acts more like a broker, selling you the crypto directly. That means your transaction goes through instantly, which is especially handy when the market’s moving fast.
Simple user interface: CoinSpot’s layout is clean and easy to follow — even if you’ve never traded crypto before. I tested both the mobile app and desktop version, and everything just makes sense. For those who want to go a bit deeper, there’s also a charting window for technical analysis right from the dashboard, so you don’t need to jump between tabs.
They’ve even added little touches that make things easier, like hotkeys for quick buys, live prices, and a scrollable portfolio view so you can keep track of your holdings at a glance. It’s beginner-friendly, but not dumbed down — which I really appreciated.
Over 530+ cryptocurrencies available: CoinSpot gives you access to all the usual suspects like BTC, ETH, ADA, BNB, and so on — but what really impressed me was the huge range of altcoins. I came across quite a few smaller tokens I’d never even heard of before. If you like digging for hidden gems or just want options beyond the top 10, CoinSpot has you covered.
NFT Marketplace: This one’s a big win for Aussie NFT fans. Most people are used to buying NFTs through OpenSea or other external sites, which usually means linking wallets, buying ETH, transferring funds — it’s a whole thing.
But with CoinSpot’s built-in NFT Marketplace, you can just use your CoinSpot balance and buy NFTs directly using whatever crypto you already have — not just ETH. I tested it out myself, and the process was smooth both for buying and selling. It honestly feels just like buying any other coin on the platform.
CoinSpot Mastercard – spend your crypto in stores: CoinSpot now offers a free Mastercard debit card that lets you spend your crypto online or in-store, wherever Mastercard is accepted. You can load it into Apple Pay or Google Wallet and just tap like normal.
I tried it out at a few shops and online retailers — zero issues. It’s a game changer if you want to use your crypto for everyday stuff without needing to convert it back to fiat first. For a full review of the CoinSpot Mastercard, you can read my experience here.
Great customer support (with real people): Support is where a lot of exchanges drop the ball, but not CoinSpot. They were actually the first Aussie exchange to offer 24/7 live chat with a real person — and I have to say, it works exactly how you’d hope.
When I tested it, I got connected to a human within seconds, no bots, no waiting in a queue, and they sorted my issue quickly. If you’ve ever dealt with slow email tickets, you’ll know how much of a relief this is. In fact, CoinSpot placed #1 in my in-depth real-world test on Australian crypto exchanges' customer support. You can read about the results here. They also have a help centre, FAQ section, and tutorials for newbies.
Easy-to-use mobile app: I’ve used the CoinSpot app on both iPhone and Android, and it’s great. Everything you can do on the desktop version is available in the app — buy/sell, check prices, manage your wallet, etc. There’s also built-in security features like 2FA, and the app’s interface feels polished and easy to navigate whether you're new or experienced.
Top-tier security is #1 priority: CoinSpot doesn’t mess around when it comes to security. They’re the first Aussie exchange to be ISO 27001 certified, which basically means they’ve passed an external audit for information security — a huge deal.
They keep the vast majority of crypto assets stored offline in cold wallets, and you can further lock down your own account with features like:
Two-Factor Authentication (2FA)
Custom withdrawal restrictions
Anti-phishing phrases
Geo-lock login
Session timeouts
Basically, they’ve thought of everything.
CoinSpot Bundles – easy way to diversify: If you're not sure where to start or you want to reduce risk, CoinSpot offers Bundles, which are basically pre-made portfolios. You can buy a bunch of coins in one go, spread across different sectors or strategies.
My personal favourite is the “Top Ten Market Cap” bundle — it includes the biggest coins like BTC, ETH, BNB, ADA, and a few others I usually buy anyway. It’s an easy way to diversify and smooth out some of the crypto volatility without having to manually buy each coin.
What I Don't Like About CoinSpot
Alright, as much as I like CoinSpot — and I really do — there is one area where it could improve. This might not be a big deal depending on how you trade, but it's worth knowing upfront so you’re not caught off guard.
No advanced trading features like derivatives or margin: This one’s a biggie if you’re a more experienced trader. CoinSpot is built to be easy and beginner-friendly, which means it doesn’t offer futures, margin trading, or other derivatives. If you’re just getting started or prefer to keep it simple, this won’t affect you at all.
But if you're someone who wants to do leveraged trades or set up more complex strategies, you’ll find CoinSpot a bit too basic. In that case, I’d suggest checking out platforms like Bybit or MEXC, which are better suited to advanced traders.
Coinspot Fees
CoinSpot Deposit Fees
- PayID & Direct Deposit: Free — these are the most popular and what I use personally.
- Card deposits: 1.88% fee
- Cash deposits (via newsagent): 2.5% fee
If you want to avoid fees, just stick with PayID or direct bank transfers.
CoinSpot Transaction Fees
- Market Trades: 0.1% fee
This is the cheapest way to trade on CoinSpot. The catch? Only about 15 of the top coins are available in the market — like BTC, ETH, ADA, LTC, XRP, etc. It's great for the main coins, but limited if you’re looking for altcoins. - Instant Buy/Sell: 1% fee
This is the most convenient method — you just click “Buy” and the trade happens instantly at the price CoinSpot sets. No waiting, no guessing, no missed opportunities. You can use this for all 530+ supported coins, so it's handy if you're after something obscure. - OTC (Over-The-Counter) Trades: 0.1% fee
If you're doing high-volume trades (over $50K AUD), OTC is your best bet. It gives you instant settlement, so you don’t have to worry about slippage. - Advanced Trading Tools: 1% fee
For people who want more control over their strategy, you can set recurring buys, take-profit, stop-loss, and limit orders — but keep in mind this is only available through the Instant Buy/Sell section, so you’re still paying that 1%. - CoinSwap: 1% fee
This lets you swap one coin directly for another, which is super useful if you want to jump between coins quickly — especially with less common trading pairs that other exchanges don’t usually offer.
CoinSpot Withdrawal Fees
- AUD Withdrawals – no fees and quick turnaround
This part’s actually great — withdrawing Aussie dollars to your bank is free. I tested it myself and got the money in my account within a day with no hidden fees taken out. Super smooth and cost-effective.
- Crypto withdrawals come with standard network fees
If you’re withdrawing crypto to an external wallet (like a hardware wallet or another exchange), there’s a standard transaction fee, which is basically the network or mining fee. This varies depending on which coin you’re sending and how busy the blockchain is at the time.
When I transferred Bitcoin to my Ledger Nano X, the fee was clearly displayed and honestly quite reasonable. Nothing unexpected.
Pros and Cons of CoinSpot
- Most secure crypto exchange in Australia
- Simple interface for new users
- Over 530+ cryptocurrencies available
- Crypto debit card so you can spend your crypto like cash
- 24/7 support via Help Desk & Live Chat
- NFT Marketplace
- No advanced trading markets such as derivatives
- Credit/debit card deposits incur a fee of 1.88%
CoinSpot Security and Safety
When it comes to choosing a crypto exchange, security is the one thing I never compromise on. You can have all the features and coins in the world, but if the platform isn’t secure, it’s just not worth the risk. That’s one of the main reasons I really trust CoinSpot — they’ve got a rock-solid reputation when it comes to safety.
First off, CoinSpot was the first crypto exchange in Australia to get ISO 27001 certification, which is kind of like the gold standard for information security worldwide. Getting that certification isn’t a simple checkbox — they had to go through an in-depth external audit by SCI Qual International (an accredited Aussie certifier), and they continue to undergo regular audits to stay compliant.
What does that mean in plain English? Basically, CoinSpot had every aspect of their data management and security practices picked apart — including how they store crypto, manage staff and client data, handle suppliers, protect intellectual property, and more. The whole system is designed to block any unauthorised access or tampering, whether it’s digital or physical.
Aside from their certifications, CoinSpot also gives you plenty of tools to lock down your own account. Here are a few I’ve got enabled:
CoinSpot keeps most crypto offline
And probably the most important part — the majority of CoinSpot’s crypto is stored offline in secure cold wallets. That means even if their online systems were compromised (which is already a long shot), hackers wouldn’t be able to access most of the funds anyway. This is one of the key things I look for in any exchange I use.
Bottom line? I trust CoinSpot with my crypto.
Between the ISO certification, the strong offline storage practices, and all the customisable account protections, it really does feel like they’ve built the most secure crypto platform in Australia. I’ve been using CoinSpot for years now, and security is never something I’ve had to worry about.
My Final Verdict on CoinSpot
If you're based in Australia and looking to buy crypto, CoinSpot is hands-down one of the best options out there. After spending plenty of time using the platform myself, it really comes down to three key reasons why I keep recommending it:
1. Security: This is the biggest one for me. CoinSpot has earned its place as the most trusted and secure crypto exchange in Australia. That ISO 27001 certification, cold wallet storage, and all the extra security settings give me real peace of mind when I’m trading or holding assets.
2. User-friendly: The interface is clean and simple — even if it’s your first time buying crypto, you’ll pick it up in minutes. Deposits and withdrawals are free and easy, and there’s no weird friction or learning curve. That said, it’s not just for beginners — they’ve packed in extra features like the crypto debit card, NFT marketplace, and CoinSpot Bundles, which are great for more experienced users too.
3. 24/7 live customer support: This is one of those things you don’t realise you need — until something goes wrong. CoinSpot’s real-time live chat with a human has been a game changer. No waiting days for someone to get back to you, no going in circles with a chatbot. It just works. And honestly, it makes a huge difference.
If you’re the kind of person who likes to weigh up a few options first, I totally get it — I did the same. I actually ran a side-by-side comparison using my own accounts on CoinSpot, Swyftx, Digital Surge, and Independent Reserve. If you want to check out how they stacked up, you can read the full test results here.
But if you’re after a safe, easy, and well-rounded crypto exchange built for Aussies, CoinSpot’s hard to beat.
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