CoinSpot vs Digital Surge Fees

I have compared the various fees for CoinSpot and Digital Surge here. It is important to note the spread (some investors and traders forget), which is the difference between the buy and sell price of a coin. I carried out a test to compare the fees and spread across four of the best Australian crypto exchanges, using my own crypto accounts. I bought $1000 of 10 different coins on CoinSpot, Digital Surge, Swyftx and Crypto.com, and sold the whole amount of each coin immediately to work out the combined fees and spread. Digital Surge was the clear winner, and you can read about the crypto buying test and detailed results here.

Deposit Fees

CoinSpot charges ZERO fees on AUD deposits using POLi, PayID, or Direct Deposit (via OSKO). However, if you choose to deposit with BPAY there is a 0.9% fee, and if you want to deposit cash, there is a 2.5% fee.

Digital Surge charges ZERO Fees on AUD deposits using PayID. However, if you deposit using POLi there is a fee that ranges from $2 up to a maximum of $3.30.

Trading Fees

CoinSpot charges 1.0% fees when buying or selling cryptocurrency. However, you can access lower fees of 0.1% when you are trading on the market, however you can only access around 16 coins in this manner.

Digital Surge charges 0.5% fees when buying or selling cryptocurrency.

Withdrawal Fees

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

Digital Surge charges ZERO fees for AUD withdrawals to Australian bank accounts.

CoinSpot vs Digital Surge Deposit Methods

CoinSpot and Digital Surge both offer several methods of depositing funds onto their platforms. Both platforms support PayID, POLi and cryptocurrency. 

CoinSpot additionally offers direct deposit, BPAY and cash deposits at a newsagent, which are not supported on Digital Surge.

CoinSpot vs Digital Surge Features 

CoinSpot and Digital Surge are both great Aussie crypto exchanges with lots of features, so I won't go into depth about all of them. I will outline a few features that differentiate these two exchanges. For more info about all the features you can find on these two exchanges, read the corresponding articles - CoinSpot review or Digital Surge review.

CoinSpot has a market where you can trade cryptocurrencies for only 0.1% fee, as opposed to the 1% fee for buying instantly from the exchange. This 0.1% fee is much lower than the 0.5% fee for buying and selling on Digital Surge. You can access around 15 different cryptocurrencies on the CoinSpot market.

CoinSpot has an NFT marketplace, which is not available on Digital Surge. You can access thousands of NFTs, including popular collections like Bored Ape Yacht Club. An excellent benefit of buying NFTs on CoinSpot is that you can use any cryptocurrency you like. There is no need to waste time swapping your crypto to ETH before you can make a simple NFT purchase. 

Digital Surge also has a market where you can trade instead of buying and selling from the exchange. The fees start at 0.5% but you can reduce this based on your trade volume over the last 30 days, as shown in the image below. If you are a big trader, with over $1 million volume, you can reduce your fees to only 0.1%.

Digital Surge is slowly taking Australia towards mainstream cryptocurrency adoption, as they allow their users to use Bitcoin to pay for Australian bills or credit cards. This is not possible on most exchanges, and it is a cool feature that saves you time as you don't need to convert your BTC to AUD before paying for a bill.

CoinSpot vs Digital Surge Security

CoinSpot and Digital Surge are both very secure Aussie crypto exchanges. They both utilise multilayered security and offline cold storage of assets, ensuring your cryptocurrency is safe from hackers. CoinSpot and Digital Surge are both registered with AUSTRAC, fulfilling all of their strict AML/KYC verification obligations to prevent money laundering and financing of terrorism.

Having said that, CoinSpot is a standout for security, with its proud claim of being the most trusted and secure crypto exchange in Australia. CoinSpot is a certified member of Blockchain Australia, meaning it's fully compliant with the Australian Digital Currency Industry Code of Conduct. It is also the only Australian exchange to be awarded the ISO 27001 certification after passing stringent auditing.

Verdict - CoinSpot

CoinSpot and Digital Surge are both fantastic secure crypto exchanges for beginners. They are both very similar in terms of what they offer: a user-friendly interface, mobile app, Live Chat and a wide range of coins. CoinSpot wins this comparison, because it has higher levels of security and trust, NFT marketplace, and offers a wide range of 430+ coins. You can also access $20 FREE Bitcoin if you signup with this link.

If you prefer to use Digital Surge, be sure to sign up with this link to receive FREE $10 Bitcoin.

Still Researching?

If you are still doing your research before committing to a crypto exchange, my article on the best Aussie crypto exchanges can help you out, which you can read here. I have also included a quick comparison table below with some key information.

If you want to read a bit more about CoinSpot or Digital Surge, you can read my in-depth reviews of CoinSpot and Digital Surge.

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