CoinSpot: keys, security, fees and reviews
Custodial wallet
In short
- Custodian
- Custodial: CoinSpot stores the private keys for coins held in user accounts.
- Fees
- Buy / sell: Market orders and OTC 0.1%; instant buy, sell and swap 1%; take-profit, stop and limit orders 1%; recurring buy 1%.
- Risks and caveats
- Custodial: CoinSpot holds the private keys and may hold customer coins on other exchange platforms.
- Checked
- 1 November 2026
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Key facts
- Wallet type
- Custodial wallet
- Who holds the keys
- the provider
- Developer
- Casey Block Services Pty Ltd
- Platforms
- web, iOS, Android
- Official site
- coinspot.com.au
Key facts checked on 1 November 2026 against official sources.
What is CoinSpot
CoinSpot is an Australian crypto exchange operated by Casey Block Services Pty Ltd. Its accounts include custodial multicoin wallets on the web and in iOS and Android apps, where users buy, sell, swap, send and receive cryptocurrencies with Australian dollars.
Who holds the keys
| Parameter | Details |
|---|---|
| Custodian | Custodial: CoinSpot stores the private keys for coins held in user accounts. |
| Key control | CoinSpot may hold customer funds and coins on other exchange platforms. |
| Storage | A vast majority of assets are kept in offline locations; data is held in third-party data centres. |
| NFTs | Eligible NFTs bought on CoinSpot are kept in custodial wallets managed by CoinSpot. |
Features and supported networks
| Parameter | Details |
|---|---|
| Platforms | Website plus iOS app (seller Casey Block Services Pty Ltd) and Android app (updated 2 October 2026). |
| Supported networks | 470+ cryptocurrencies on the homepage; the wallet page says over 360 crypto assets. |
| Buy / sell | Market and limit orders, instant buy/sell/swap, recurring buys and an OTC desk for high-volume trades. |
Security and audits
- ISO 27001 certified after an external audit by Sustainable Certification.
- Two-factor authentication, custom withdrawal restrictions and session time-outs are available to all users.
- Security vulnerabilities can be reported through CoinSpot's HackerOne programme.
Security incidents
Incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so none is listed here.
Fees
| Parameter | Details |
|---|---|
| Buy / sell | Market orders and OTC 0.1%; instant buy, sell and swap 1%; take-profit, stop and limit orders 1%; recurring buy 1%. |
| Deposits / withdrawals | AUD deposits by PayID, direct deposit, card and PayPal free; cash 2.5%; bank withdrawal free; PayPal withdrawal 2%. |
| Wallet | Sending coins outside CoinSpot costs a flat network (mining) fee, shown on the wallet page. |
History
| Date | Event |
|---|---|
| 2013 | CoinSpot says it was established in 2013. |
| 6 June 2017 | The operator Casey Block Services Pty Ltd has an ABN active from 6 June 2017. |
| 19 January 2018 | The business name CoinSpot is registered to the operator from 19 January 2018. |
| 4 April 2018 | CoinSpot says it became a Registered Virtual Asset Service Provider on 4 April 2018. |
Risks and caveats
- Custodial: CoinSpot holds the private keys and may hold customer coins on other exchange platforms.
- CoinSpot's terms say trading or holding crypto involves significant risks, losses can be substantial and are not insurable.
- Crypto transfers cannot be reversed once sent.
- CoinSpot says it is not liable for theft of eligible NFTs held on its platform.
About the developer
- Legal entity
- Casey Block Services Pty Ltd, ABN 19 619 574 186, Australian private company, trading as CoinSpot.
- Headquarters
- Victoria, Australia (main business location VIC 3181 per ABN Lookup); terms governed by Victorian law.
- Founded
- 2013 (company statement); operator ABN active from 6 June 2017.
Official links
- Website: www.coinspot.com.au
- Wallet: www.coinspot.com.au/multicoinwallets
- Download: apps.apple.com/au/app/coinspot-buy-sell-bitcoin/id1541949985
- Download: play.google.com/store/apps/details?id=com.coinspot.app&hl=en_AU
- Security: www.coinspot.com.au/security
- Fees: www.coinspot.com.au/fees
- Terms: www.coinspot.com.au/terms
- AML: www.coinspot.com.au/aml
Questions and answers
Is CoinSpot a wallet?
CoinSpot is an exchange whose accounts include custodial multicoin wallets; CoinSpot, not the user, stores the private keys.
Is CoinSpot legit?
It is run by Casey Block Services Pty Ltd, an active Australian company (ABN 19 619 574 186). CoinSpot states it has been a Registered Virtual Asset Service Provider with AUSTRAC since 4 April 2018.
How safe is CoinSpot?
CoinSpot is ISO 27001 certified, keeps most assets offline, offers two-factor authentication and runs a HackerOne bug bounty. It is custodial, so users rely on CoinSpot to keep the keys safe.
What are CoinSpot's fees?
Market orders and OTC cost 0.1%, instant buy, sell and swap 1%; most AUD deposits are free, cash deposits 2.5%, and sending coins out costs a flat network fee.
Can I use CoinSpot outside Australia?
CoinSpot's terms say the service is designed for Australian residents and not intended for people who live outside Australia.
Sources
- CoinSpot — Home
- CoinSpot — Multicoin Wallets
- CoinSpot — Fees
- CoinSpot — Security
- CoinSpot — Terms of Use
- CoinSpot — AML Policy
- CoinSpot — OTC
- Australian Business Register — ABN 19 619 574 186
- App Store — CoinSpot
- Google Play — CoinSpot
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