CoinSpot vs Digital Surge

CoinSpot vs Digital Surge

Daniel Chan

October 19, 2021

Cryptocurrency

CoinSpot and Digital Surge are two of the top crypto exchanges for Australians. There are so many ads around with each exchange claiming to be the best, making it hard to choose one to use. Hopefully this head-to-head comparison between CoinSpot and Digital Surge can help you make a decision. This is a close contest, as both exchanges have Live Chat support, a mobile app, and a user-friendly interface, but Digital Surge edges out CoinSpot as it has lower trading fees and lower spreads.

Cell

Fiat Currencies

AUD

AUD

Number of Coins

290+

270+

Buy/Sell Fees

1%

0.5%

Daily Deposit Limit

$100k

$100k

Deposit Methods

Cell
Cell

Direct Deposit

PayID

POLi

PayPal

Credit Card

Debit Card

BPAY

Cryptocurrency

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

Cell

Fiat Currencies

AUD

AUD

Number of Coins

290+

270+

Buy/Sell Fees

1%

0.5%

Daily Deposit Limit

$100k

$100k

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
  • Most trusted and secure exchange in Australia
  • Live Chat support team
  • User-friendly interface perfect for beginners
  • 290+ cryptocurrencies supported
  • Mobile app for iOS & Android
Cons
  • Higher fees of 1%
  • Higher spreads than Digital Surge
Pros
  • Live Chat support team
  • Over 270+ cryptocurrencies
  • Low trading fees of 0.5%
  • Mobile app to trade wherever you are
  • User-friendly interface perfect for beginners
Cons
  • Cannot deposit using BPAY or cash
  • No ISO 27001 certification

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.

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.

Winner - Digital Surge

Digital Surge wins with lower trading fees of only 0.5% vs CoinSpot's 1%, and was the winner of our Bitcoin buying test, showing lowest fees and spreads overall.

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.

Winner - CoinSpot

CoinSpot accepts all the payment methods that Digital Surge, plus direct deposit, BPAY and cash deposits, 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 14 different cryptocurrencies on the CoinSpot market.

CoinSpot has a huge range of over 290+ cryptocurrencies, and they are regularly adding new coins. They have the largest variety of coins of any Australian crypto exchange, and often you will be able to find a coin on CoinSpot that is not available on other exchanges. For example, CRO (the native token of the popular Crypto.com exchange) is a coin with a lot of growth potential and is offered on CoinSpot but not on Digital Surge.

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.

Winner - Digital Surge

CoinSpot and Digital Surge are quite similar exchanges - they both have Live Chat support, mobile app and a market to trade cryptocurrency. 

Digital Surge additionally has a unique feature to pay bills using Bitcoin, leading the way towards mainstream cryptocurrency acceptance in Australia.

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.

Winner - CoinSpot

CoinSpot is well-known for being the most trusted and secure Aussie crypto exchange. It is the most audited exchange, and the only one to hold ISO 27001 certification.

Verdict - Digital Surge

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. It is a close call, but Digital Surge wins in my opinion, because it has lower fees (0.5%) for buying and selling crypto of compared to CoinSpot (1%). 

Overall Winner - Digital Surge

Digital Surge and CoinSpot are very similar platforms, but Digital Surge's lower fees make it the winner in this head-to-head comparison.

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.

Comparison Table of the Best Crypto Exchanges in Australia

Swyftx
CoinSpot
Digital Surge
eToro
Binance
Crypto Exchange
Crypto Exchange
Swyftx
CoinSpot
Digital Surge
eToro
Binance
Fiat Currencies
Fiat Currencies
AUD
AUD
AUD
AUD, USD, GBP, EUR & 11 more
AUD, USD, GBP, EUR, CAD, HKD, JPY & 35 more
Cryptocurrencies
Cryptocurrencies
BTC, BTG, BCH, ADA, ETH, ETC & 270+ more
BTC, ETH, LTC, XRP, BCH, ADA & 300+ more
BTC, ETH, BNB, ADA, XRP & 270+ more
BTC, ETH, BCH, XRP, LTC, ADA & 24 more
BTC, ETH, LTC, BNB, ADA, XRP & 300+ more
Deposit Methods
Deposit Methods
POLi, PayID, OSKO, Bank transfer, Credit card, Cryptocurrency
Bank transfer, BPAY, Cash, POLi, PayID, Cryptocurrency
PayID, POLi, OSKO, Cryptocurrency
Bank Transfer, Credit card, Debit card, PayPal, POLi
PayID, OSKO, Cryptocurrency
Trading Fees
Trading Fees
0.6%
Market order: 0.1%, Instant buy: 1%
Market order: starts from 0.5%, Instant buy: 0.5%
Included in spreads
0.1%

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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