CoinSpot vs Coinstash

CoinSpot vs Coinstash

Robert McDougall

January 9, 2024

Cryptocurrency

CoinSpot is one of Australia's best crypto exchanges, and the most popular, with more than 2.5 million users. It is the most secure exchange in Australia, and has plenty of features, such as 430+ coins, 24/7 Live Chat and an NFT marketplace.

Coinstash is a newer cryptocurrency platform, that has quickly grown its range of coins to 1,000, including DeFi options.

How do you decide which one is better for you? My personal pick is CoinSpot due to it being a trusted and well-established platform, with highest levels of security, and plenty of options for beginners and advanced crypto investors alike. Read my comparison to see how I came to this conclusion, because you may prefer to use Coinstash, if it fits your needs better.

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Fiat Currencies

AUD

AUD

Number of Coins

430+

1,000+

Trading Fees

Market: 0.1%, Instant trade: 1%

0.85%

Deposit Methods

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Direct Deposit

PayID

POLi

PayPal

Credit Card

Debit Card

BPAY

Cryptocurrency

Cash

Features

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Cell

User-friendly

Mobile app

Demo mode

Live Chat

Security

Cell
Cell

2FA

Biometric security

AUSTRAC registered

ISO 27001 certified

Offline cold storage

Website

Cell

Fiat Currencies

AUD

AUD

Number of Coins

430+

1,000+

Trading Fees

Market: 0.1%, Instant trade: 1%

0.85%

Deposit Methods

Cell
Cell

Direct Deposit

PayID

POLi

PayPal

Credit Card

Debit Card

BPAY

Crypto

Cash

Features

Cell
Cell

User-friendly

Mobile app

Demo mode

Live Chat

Security

Cell
Cell

2FA

Biometric security

AUSTRAC registered

ISO 27001 certified

Offline cold storage

Website

Pros
  • Easy to use, perfect for beginners
  • Multiple deposit options
  • Most secure and trusted exchange in Australia
  • Over 430+ cryptocurrencies supported
  • NFT marketplace where you can purchase using any crypto you prefer
  • 24/7 Live Chat support team
Cons
  • Higher instant buy/sell fees (1%) compared to industry standard
Pros
  • Lower trading fees of 0.85%
  • Massive range of 1,000+ different coins
  • DeFi Connector so you can buy and sell 500+ coins from the DeFi space
  • Live Chat support to assist you 7 days a week
Cons
  • No NFT marketplace
  • Fewer fiat deposit methods accepted

CoinSpot vs Coinstash Fees

Deposit Fees

CoinSpot does not charge any fees on AUD deposits using POLi, PayID, or Direct Deposit (via OSKO). If you want to deposit with BPAY, the fee is 0.9% fee, and for cash deposit, the fee is 2.5%.

Coinstash does not charge any fees for depositing AUD into the exchange.

Trading Fees

CoinSpot charges 1% on instant buys and sells. There is also a market available where the transaction fees are only 0.1%, but there are only around 16 coins available to trade there. To access the full range of 430+ coins, you need to do so directly from CoinSpot using the instant buy and sell.

Coinstash has lower trading fees of 0.85% on all of their 1,000+ coins.

Withdrawal Fees

CoinSpot charges zero fees for AUD withdrawals to Australian bank accounts.

Coinstash also doesn't charge any fees to withdraw AUD to your bank.

Winner - Coinstash

Coinstash wins with no fiat deposit or withdrawal fees, and lower trading fees of 0.85%.

CoinSpot vs Coinstash Deposit Methods

CoinSpot accepts a range of deposit methods: Direct Deposit, PayID, POLi, BPAY, cash deposit, and cryptocurrency. 

Coinstash only accepts PayID, bank transfer, and cryptocurrency deposits.

Winner - CoinSpot

CoinSpot accepts all the deposit methods available on Coinstash, plus a few more, so it wins this section.

CoinSpot vs Coinstash Features 

CoinSpot and Coinstash are very similar crypto exchanges, and offer much of the same features. To read my full reviews of either platform, click on their reviews: Coinspot review and Coinstash review.

CoinSpot exchange is created with a crypto beginner in mind. The site is clean and easy to navigate, and there is industry-leading customer support, which is available 24/7 via live chat. We have tested out the Live Chat and every time a real customer support agent is responding within minutes. They are always helpful, knowledgeable, and fluent in English, so you can resolve your issues with no drama, any time of day.

CoinSpot is a pioneer with their NFT marketplace available straight from the exchange. They offer several popular digital art collections, with the most famous being the Bored Ape Yacht Club. The best part of the NFT marketplace is that you can use any cryptocurrency you like to pay for the NFTs. Usually you need to spend ETH to buy crypto, but on CoinSpot, they have taken away the hassle to make it as smooth as possible.

CoinSpot offers a feature called Bundles, which are small groups of similar coins that users can buy together in one transaction. This helps you to invest in a certain range of coins in a single transaction, saving you time and money. One of the most popular Bundles is the 'Top Ten Market Cap', which is a collection of the top ten cryptocurrencies based on market capitalisation. Here is a snapshot of the Bundles currently available at CoinSpot.

Coinstash is also a very user-friendly platform, ideal for those just getting started with cryptocurrency. There are more than 1,000+ cryptocurrencies to buy, sell, or trade, and newbies will find it easy to move around the intuitive user interface. If you get stuck at any point, you can contact the helpful Live Chat support team that is available 7 days a week.

Winner - CoinSpot

CoinSpot and Coinstash are very similar in what they offer, but CoinSpot has a few additional features, such as NFT marketplace, that sets it apart.

CoinSpot vs Coinstash Security

CoinSpot is the most secure and trusted exchange in Australia. It uses multi-layered security, including Two-Factor Authentication (2FA), custom withdrawal restrictions, anti-phishing phrases, geo-lock logins, session timeout settings and offline cold storage of the vast majority of cryptocurrencies. CoinSpot is registered with AUSTRAC, adhering to all AML/KYC obligations, and is a certified gold member of Blockchain Australia, complying with the Australian Digital Currency Industry Code of Conduct. CoinSpot is also the only Australian exchange to hold ISO 27001 certification, meaning it is externally audited on a regular basis. 

Coinstash treats security as its #1 priority, and has never had a security breach where customers' funds were compromised. Coinstash is one of the only crypto platforms that acquired an AFS Licensee, and uses industry-level security measures to protect their users' data and funds at all times.

Winner - CoinSpot

Both exchanges are extremely secure, but CoinSpot wins this section, as it has additional ISO 27001 certification, and it's security systems are regularly audited.

Verdict - CoinSpot

CoinSpot wins in this head-to-head comparison. It is one of Australia's best crypto exchanges and has the trust of more than 2.5 million users. It is well-established, founded in 2013, and is the most secure crypto platform in Australia, so you know your funds are safe with CoinSpot. You will enjoy the range of 430+ coins, the NFT marketplace and 24/7 live chat support. If you sign up with our link, you also receive $20 FREE Bitcoin to get started!

Coinstash is also a great exchange, and if you prefer the wider range of 1,000 coins, and the lower trading fees of 0.85%, sign up here. You will earn up to $200 Bitcoin when you purchase crypto in the first 30 days of registering.

Overall Winner - CoinSpot

CoinSpot's user-friendly platform, 24/7 Live Chat, and higher levels of security and trust make it the winner in this comparison.

Still Researching?

If you want to read more detailed reviews on these two excellent exchanges, follow these links: CoinSpot review and Coinstash review. To look for other alternatives, click here to read my article on the top crypto exchanges, and you can also see the comparison table below.

Comparison Table of the Best Crypto Exchanges in Australia

Bybit
CoinSpot
Swyftx
Digital Surge
MEXC
Crypto Exchange
Crypto Exchange
Bybit
CoinSpot
Swyftx
Digital Surge
MEXC
Fiat Currencies
Fiat Currencies
AUD, USD, GBP, EUR, NZD & more
AUD
AUD, NZD
AUD
AUD, USD, TWD, AED, PHP, JPY, CAD, EUR & more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, LTC, XRP, EOS & 280+ more
BTC, ETH, LTC, XRP, BCH, ADA & 430+ more
BTC, BTG, BCH, ADA, ETH, ETC & 320+ more
BTC, ETH, XRP, BCH, LTC & 300+ more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
Deposit Methods
Deposit Methods
Visa/Mastercard, Apple Pay, Google Pay, PayID, Cryptocurrency
PayID, Direct Deposit, Cash, Card, Cryptocurrency
PayID, OSKO, Bank transfer, Credit card, Cryptocurrency
PayID, POLi, Cryptocurrency
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Trading Fees
Trading Fees
0.1% for spot, 0.01/0.06% for derivatives
Market order: 0.1%, Instant buy: 1%
0.6%
0.5%
Spot: 0%, Futures: 0.0/0.01% (Maker/Taker)

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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