Review on CoinSpot by Ibrahim Sunday
Coinspot, an Australian exchange
experienceAs new exchanges are being added to the long list of exchanges available, making choice on which one to use has been a very hard task. This requires the tabling of your needs and choosing the one which suits you. An exchange is expected to provide fast transactions and keeping your assets save, as well as making you anonymous to any third party. They should provide these services with the minimum possible charges or
Coinspot is an Australian exchange which was launched in 2013 in Melbourne. It is a member of the ADCS which regulates the exchange activities. And this is a prove of its credibility and legitimacy. Talking about using this exchange, you will see the beautiful blue and white user interface, which is very easy going, easy navigation and good feels accompanied with a very good trading view. They have listed a good number of coins, and have listed on the Australian dollars as the only fiat available. They allow you deposit through wire transfer and crypto deposits. The trading and withdrawal fees is very competitive 0.1% for both makers and takers. The exchange is very recommendable but unfortunately open to on Australian. The exchange is fully registered and has received an awards for security. If this exchange suits you, go for it
Pros
- It has a very beautiful blue and white user interface with easy navigation and functionalities for both the mobile app and web version
- They have a very considerable and affordable trading fee of 0.1% except for their instant buy option of 1%
- They are registered and regulated by ADCA. Australian Digital Commerce Association
- Due competence, it has received an ISO certificate for information security which they announced early ast year.
Cons
- They are open to only Australian traders
