[Wallets](https://revain.org/wallets/) › CoinSpot

# CoinSpot: keys, security, fees and reviews

## Key facts

- **Official site**: [coinspot.com.au](https://www.coinspot.com.au/)

Checked on 2026-10-27 against the official site, docs and app-store pages.

## What is CoinSpot

CoinSpot is an Australian cryptocurrency exchange, established in 2013, whose accounts include custodial multi-coin wallets on the web and in a mobile app. Users buy, sell and swap 470+ cryptocurrencies with Australian dollars after signing up and verifying identity. CoinSpot, not the user, holds the private keys for coins kept on the platform.

## Who holds the keys

| Parameter | Details |
|---|---|
| Custodian | Custodial: CoinSpot stores the private keys for coins held in user accounts. |
| Key control | Users do not hold keys; CoinSpot may keep customer funds and coins on other exchange platforms. |
| Account model | Exchange account with sign-up and identity verification; most assets are kept in offline storage. |

## Features and supported networks

| Parameter | Details |
|---|---|
| Platforms | Website and mobile app. |
| Supported networks | 470+ cryptocurrencies, including Bitcoin, Ethereum, Tether, XRP and Solana. |
| Buy / sell | Instant buy, sell and swap, market and limit orders, recurring buys, bundles and an OTC desk; AUD deposits by PayID, bank, card, PayPal or cash. |
| NFTs | Buy NFTs; eligible NFTs are held in custodial storage. |

## Security and audits

- ISO 27001 certified after an external audit by Sustainable Certification.
- Most customer assets are kept offline; accounts offer two-factor authentication, withdrawal restrictions and session time-outs.
- Runs a bug bounty programme on HackerOne.

## Fees

| Parameter | Details |
|---|---|
| Buy / sell | Instant buy, sell and swap: 1%; take-profit, stop, limit orders and recurring buys: 1%. |
| Swaps | Market orders and OTC trades: 0.1%. |
| Deposits / withdrawals | AUD deposits by PayID, direct deposit, card and PayPal free; cash 2.5%; PayPal withdrawal 2%; bank withdrawal free. |
| Wallet | Sending coins outside CoinSpot costs a flat network (mining) fee shown on the wallet page. |

## History

| Date | Event |
|---|---|
| 2013 | CoinSpot established in Australia. |

## Risks and caveats

- Custodial model: CoinSpot holds the private keys and may hold customer coins on other exchange platforms.
- Crypto trading and holding losses can be substantial and are not insurable, according to the terms.
- Crypto transfers cannot be reversed once sent.
- The service is built for Australian dollar users.

## About the developer

- **Legal entity**: Casey Block Services Pty Ltd (ABN 19 619 574 186), trading as CoinSpot.
- **Founded**: 2013
- **Licence / registration**: Partner of the Digital Economy Council of Australia (DECA); ISO 27001 certified.

## Official links

- Website: [www.coinspot.com.au](https://www.coinspot.com.au/)
- Security: [www.coinspot.com.au/security](https://www.coinspot.com.au/security)
- Fees: [www.coinspot.com.au/fees](https://www.coinspot.com.au/fees)
- Terms: [www.coinspot.com.au/terms](https://www.coinspot.com.au/terms)

## Questions and answers

**Is CoinSpot self-custodial?**

No. CoinSpot is a custodial exchange: it stores the private keys for coins held in user accounts.

**Which coins does CoinSpot support?**

More than 470 cryptocurrencies, including Bitcoin, Ethereum, Tether, XRP and Solana.

**Does CoinSpot charge fees?**

Market orders and OTC cost 0.1%, instant buy, sell and swap 1%; most AUD deposits are free, and sending coins out costs a flat network fee.

**Is CoinSpot safe?**

It is ISO 27001 certified, keeps most assets offline, offers two-factor authentication and runs a HackerOne bug bounty.

**Who runs CoinSpot?**

Casey Block Services Pty Ltd (ABN 19 619 574 186), trading as CoinSpot, in Australia since 2013.

## Sources

- [coinspot.com.au](https://www.coinspot.com.au/)
- [CoinSpot — Fees](https://www.coinspot.com.au/fees)
- [CoinSpot — Security](https://www.coinspot.com.au/security)
- [CoinSpot — Terms](https://www.coinspot.com.au/terms)

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Page updated: 2026-10-29

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Source: https://revain.org/wallets/coin-spot/