According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- A lot of cryptocurrencies and coins, no fiat trading, no investment programs, a referral program with favorable terms and mutual payments, a free multi-currency wallet
Our Evaluation of CoinSpot
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinSpot is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.25 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinSpot clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
CoinSpot cryptocurrency exchange offers an extensive list of simple and functional solutions for trading cryptocurrency and coins. A significant part of the users’ funds is stored using the cold method and the exchange operates stably and transparently. It is known for its high speed of trading and exchange operations. There are some special advantages such as fixed commissions below the market average (0.1%), payments for referrals for a $10 one-time bonus, and 30% of referral commissions within 12 months (interest payment is relevant in the future when there is a smaller volume). The exchange is not good for investors focusing exclusively on passive earnings.
Brief Look at CoinSpot
The CoinSpot platform is a cryptocurrency exchange with an integrated multi-currency cryptocurrency wallet and exchange service. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, Cardano, Chainlink, and many other cryptocurrencies and tokens are traded on this exchange. Fiat funds aren’t available and no minimum deposit is required. The commission fee is as follows: 0.1% for market orders, 1% for stop orders, 1% for limit orders, and the same for take profit orders. The website doesn’t offer demo accounts or special solutions for novice traders. The exchange doesn’t offer investment programs because it is focused on active cryptocurrency-to-cryptocurrency trading. There is a single-level referral program with bonuses and long-term payments as a percentage of the referral's commission fees.
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- there are many cryptocurrencies and coins available on the exchange for trading and exchange;
- there is an OTC and institutional trading service;
- no minimum deposit;
- quick account verification;
- convenient trading terminal and mobile application;
- low fixed commissions for trading and the withdrawal of funds;
- free multicurrency wallet for cryptocurrency storage;
- Profitable referral program with significant benefits;
- the website has been progressively developing since 2014
- fiat trading isn’t available;
- demo accounts are not available;
- investment programs aren’t available.
TU Expert Advice
Financial expert and analyst at Traders Union
The CoinSpot cryptocurrency exchange was registered in Australia in 2013. The platform was launched in 2014. It operates officially within the framework of Australian financial legislation and is licensed. The exchange has no problems with taxes, and no evidence of fraud or unresolved conflicts with traders have been recorded.
It is a standard platform for crypto-to-crypto trading. There are hundreds of cryptocurrencies and coins in the pool, and fixed commissions of 0.1% on trading operations, regardless of the trading volume. The commissions are higher for stop loss, take profit, and limit orders and it is 1%. This is also standard practice.
The trading terminal has no unique features. An integrated quick exchange service can be considered as a feature. There is also a special service for OTC trading and institutional investing. Private clients cannot invest within the platform, and there is no staking. The cryptocurrency exchange is strictly intended for active trading. A referral program with two types of payments can be considered as a provisional income source.
For 7 years of its operation, there were no technical problems on the exchange. It has never been hacked, and there have been no failures. Stability is one of the reasons for the popularity of this exchange. There is basic training for novice traders and technical support is provided by a help center and a ticket system on the site. The lack of a call center is often defined as a disadvantage of the site, along with the lack of investment solutions and demo accounts. Experts didn’t reveal any glitches in the exchange.
- You need access to a wide variety of cryptocurrencies and coins for trading and exchange, as this exchange offers a diverse range of cryptocurrencies and coins, providing ample options for traders to explore and invest in different assets.
- You are looking for no minimum deposit requirement, as this exchange does not impose a minimum deposit requirement, making it accessible to traders of all levels whether you're starting with a small investment or looking to trade larger amounts.
- You prefer to trade cryptocurrencies against fiat currencies (such as USD, EUR, etc.). This exchange may not support fiat trading pairs which could limit your ability to directly trade between cryptocurrencies and fiat currencies on the platform.
- You're new to trading or want to test strategies without risking real funds. The absence of demo accounts on this exchange may be a drawback. Demo accounts allow users to simulate trading with virtual funds, providing a risk-free environment for learning and experimentation.
CoinSpot Summary
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, Australian dollar |
| 💵 Deposit / Withdrawal: | Bank accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,1%-0,1% |
| 🔧 Instruments: | 460 supported coins, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | n/a |
| ⭐ Trading features: | A lot of cryptocurrencies and coins, no fiat trading, no investment programs, a referral program with favorable terms and mutual payments, a free multi-currency wallet |
| 🎁 Contests and bonuses: | Traders Union |
Go through the registration and data verification procedures (verification type 2FA) to trade on the exchange. After that, you get full access to the trading functionality of the exchange and the mobile application (use the same registration data to login). There is no need to make a certain deposit, so you determine your financial policy. Please note that the exchange doesn’t allow trading with leverage and it doesn’t provide users with extra funds to increase the profitability of transactions. You can only rely on your own financial resources. Technical support is provided by a system of tickets on the website. You will get the answer by email. There are no other efficient communication methods.
CoinSpot Key Parameters Evaluation
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Regulation and safety
CoinSpot has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Tier-1 regulation
- Investor protection fund
- Government-regulated
- 2FA
- Cold wallet storage
- Facial recognition
- Not U.S regulated
- Successful hacks history
CoinSpot Security Factors
We also compared CoinSpot against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| CoinSpot | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is CoinSpot a regulated crypto exchange?
CoinSpot is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
CoinSpot is authorized or licensed in accordance with local regulations in the following regions: AUSTRAC in Australia, .
Is verification (KYC) mandatory at CoinSpot?
Yes, KYC verification is mandatory at CoinSpot. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is CoinSpot available?
CoinSpot complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact CoinSpot support.
Is CoinSpot available in the USA?
Yes, CoinSpot is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
CoinSpot commissions and fees
CoinSpot received a 7.75/10 score for its trading fees. While CoinSpot is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are CoinSpot trading fees?
We analyzed CoinSpot’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
CoinSpot trading fees vs competitors
| CoinSpot | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,22 | 0 | 0.194 |
What are CoinSpot deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0-2,5% |
Does CoinSpot offer P2P trading?
No, CoinSpot does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
CoinSpot received a 6.5/10 rating for its deposit and withdrawal services. While CoinSpot covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- PayPal payments
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No P2P transfer option
- No Google Pay option
Deposit and withdrawal options
CoinSpot supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, PayPal.
CoinSpot Deposit and withdrawal options vs competitors
| CoinSpot | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
What is CoinSpot minimum deposit?
The minimum deposit at CoinSpot is 5 AUD USD/USDT or 0,0001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
CoinSpot minimum deposit vs competitors
| CoinSpot | OKX | Kraken | |
| Minimum deposit, USD or USDT | 5 AUD | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does CoinSpot support fiat money?
CoinSpot supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
CoinSpot received a score of 5/10 in this category, reflecting a solid selection of tradable assets and markets. CoinSpot supports 460 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- NFTs available
- Staking available
- Fiat currencies supported
- Crypto futures not available
- Yield farming not available
CoinSpot supported coins and markets vs competitors
We compared CoinSpot with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| CoinSpot | OKX | Kraken | |
| Supported coins | 460 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
CoinSpot passive income options vs competitors
We also compared CoinSpot with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
CoinSpot received a score of 7.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- Advanced tools and automation with API
- Android app score 4,2
- Fast and secure login with Face ID
- No standalone desktop access
- No access to TradingView features
- No access to Copy Trading
Trading apps
CoinSpot provides web and mobile apps for both Android and iOS users, with an average rating of 4,8 on the App Store and 4,2 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the CoinSpot platform is for mobile use.
| CoinSpot | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does CoinSpot offer a desktop app?
No, CoinSpot does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does CoinSpot offer advanced charting with TradingView integration?
No, CoinSpot does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Berwick, Victoria, Australia |
| Official site | https://www.coinspot.com.au/ |
| Contacts |
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