Review on CoinSpot by Sergio Daniel Delgado
CoinSpot
CoinSpot is a virtual wallet founded in 2013 in Australia, where it maintains its headquarters.
Initially it focused on operations with BTC and little by little it was expanding its catalog of cryptocurrencies to operate. CoinSpot is focused on the Australian and New Zealand market, although there are operations operations spread around the world as it is not banned in any country.
It belongs to the Australian Digital Commerce Association. In addition, it was one of the first to operate to operate in Oceania.
It is a wallet highly requested by Australians, which allows deducing high popularity in that continent. Of course, as for the other users, Most complaints are due to delays in processing and higher sales prices.
CoinSpot does not specify how it protects user funds.
As there is no app, there are no measures to protect it. As for web access, the authentication is in 2 steps and the communications are encrypted with SSL.
As for regulations, the platform is governed by Australian and New Zealand laws and regulations such as AML-CTF (anti-money laundering and anti-financing of terrorism).
The interface is very friendly, perhaps being a little awkward to view on mobile devices due to having to access it from the browser.
On the main page you have options to view order history, verification, security, bank details, and an API. The only language available is English.
Pros
- You can buy and withdraw with fiat money.
- There are no fees charged for withdrawals from Australian bank accounts.
- Lots of cryptocurrencies to trade with
Cons
- Many restrictions and operational difficulties if you are not an Australian resident.
- It does not have mobile applications, it is only possible to access it through the browser.
- Customer support is limited and exclusively in English.
New products
Comments (1)
April 17, 2020
Hi Sergio,
I’m a representative from CoinSpot and firstly I’d just like to thank you for taking the time to leave your feedback. We appreciate your kind words!
Our website has been optimised for mobile, tablet or desktop use. However our members decide to use our platform, there is an experience tailored to them.
In regards to support, we offer Live Chat 7 days a week. Assistance can be accessed within seconds. Our team can also be contacted via email anytime.
If you're ever in need of further assistance, don't hesitate to reach out to our specialist Support Team.
Thanks!
