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Type of review

Revainrating 5 out of 5

CoinSpot is a multi cryptocurrency wallet.

The site operates under bank-level security and it offers a multi-coin wallet-service, with low transaction fees. Calling these fees low is obviously a subjective matter though: one of the main complaints regarding the services offered by CoinSpot is that its fees are way too high. The site does not feature an About Us page, and learning anything about who is behind the operation is borderline impossible. From the About section of their Facebook page, we learned though that the actual address…

Pros
  • Cryptocurrency is available for deposit method.
Cons
  • Credit card is not accept for deposit.

Revainrating 3 out of 5

The leading Australian cryptocurrency exchange.

They are a well-known company, respected in the local Bitcoin community. The whole service is very friendly initially, but it comes at a cost. The fee for crypto trading from Fiat is acceptable, trading one currency for another currency comes at a much higher rate than other exchanges. It sounds like a solid Australian entry-level company, but active traders will prefer to deal with other exchanges.

Pros
  • Easy to use interface.
  • A lot of altcoins supported.
  • Multiple payment methods for Ausis clients.
Cons
  • High crypto to crypto fees.
  • Focused only on Aus people.

Revainrating 4 out of 5

Coinspot: An Australian cryptocurrency exchanger

Launched in 2013, Coinspot is a third-party cryptocurrency exchange based in Australia. The platform has an extensive range of supported coins, with more than 100 cryptocurrencies available to buy and sell. This includes crypto-to-crypto trading pairs, as well as crypto-to-AUD. The Coinspot platform is rather simple to use, with a clean and crisp interface. The main drawback to using Coinspot for your cryptocurrency needs is that the exchange only accepts fiat deposits and withdrawals from…

Pros
  • More than 100+ cryptocurrencies supported
  • Australians can deposit with fiat currency
  • No hacks reported to date
  • Very simple platform which makes it perfect for beginners
Cons
  • Fiat currency deposits and withdrawals only for Australians
  • No regulatory licenses
  • No ability to short coins or apply leverage
  • Security features are lacking