CoinSpot is Australia's largest and most popular exchange for a reason. Their platform offers the widest variety of Digital Asset trading features including 350+ Cryptos, Crypto Staking, an NFT Marketplace and much more.
Their exchange boasts over 2 million users and supports institutional investors, family offices and SMSF accounts looking to invest in digital assets in Australia.
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CoinSpot Mobile App
Their app is available to download for both Android and iOS, and it allows users to enjoy the full functionality of CoinSpot. Users can track the prices of their assets in their portfolio and make fast trades whenever and wherever they want. The UI of the app is extremely clean and easy to navigate, even a complete crypto newbie would have no problem using it.
CoinSpot Trading Fees & Deposit Methods
CoinSpot has the lowest fees among any cryptocurrency exchange in Australia. Users incur a small fee of 0.1% when using their Market Buy or OTC feature, their Instant Buy feature will however incur a 1% fee.
For deposits, CoinSpot currently supports the following free methods - POLi, PayID, Direct Deposits. They charge 0.9% when depositing via BPAY and 2.5% when depositing cash. Withdrawing AUD however, is completely free. There are no other exchanges in Australia who offer as many free deposit methods as CoinSpot.
CoinSpot OTC Desk
The CoinSpot OTC counter serves large scale and institutional investors that perform high-volume transactions on the platform. It has benefits such as access to professional trading brokers, less slippage via lock-in pricing mechanisms and ease of access to assets after trade settlement. Users who utilise this function will also have access to an account manager from CoinSpot.
CoinSpot NFT Marketplace
CoinSpot are the first Australian cryptocurrency exchange to offer a native NFT Marketplace and NFT Wallet on their platform. With the CoinSpot NFT Exchange, users can buy a range of NFTs that are listed on OpenSea that includes Bored Ape Yacht Club, Cool Cats, DeadFellaz, World of Women, 3Landers, VeeFriends and many more.
One of the best features provided by the CoinSpot NFT Marketplace is the ability to buy art with any of the 350+ tokens listed on their platform. This means you can buy BAYC and other collections with Ethereum, Bitcoin, Solana, AVAX, Stablecoins or any other token listed on their platform. They are the first crypto exchange to offer this feature on their NFT store.
Bundles are a CoinSpot feature that are similar to ETF's (Exchange Traded Funds). Essentially what they do is package a variety of crypto assets into one transaction to speed up and ease the crypto investments process. It's an easy and simple way for users to diversify their portfolio.
For example, say you want to invest in NFTs but you're unsure which NFT token to invest in, you can simply buy the CoinSpot NFT Bundle and get access to multiple tokens such as Decentraland, Axie Inifinity, Sanbox and Theta. All of the CoinSpot bundles will have 10 tokens that your investment will be split equally between.
CoinSpot is one of the only exchanges in Australia to offer staking on cryptocurrencies. They are also one of the only platforms that don't require you to lock up your crypto for a certain period of time. Unlike other popular cryptocurrency exchanges like crypto.com which require their users to stake their assets for a minimum of three months. Additional to this, they have some of the highest yields (returns) out of any platform in Australia.
CoinSpot currently offers staking on the following tokens:
(ADA) Cardano - 5.1% APY*
(ALGO) Algorand - 6% APY*
(ATOM) Cosmos - 10.9% APY*
(AVAX) Avalanche - 6.9% APY*
(AXS) Axie Infinity - 78% APY*
(BNB) BNB - 5% APY*
(CRO) Crypto.com - 11.1% APY*
(DOT) Polkadot - 12.5% APY*
(EGLD) Elrond Gold - 12.1% APY*
(FTM) Fantom - 4.2% APY*
(LUNA) Terra - 8.1% APY*
(SOL) Solana - 6.6% APY*
(TRX) TRON - 5.9% APY*
(VRA) Verasity - 19.2% APY*
(WAN) Wanchain - 6.3% APY*
(XTZ) Tezos - 4.2% APY*
(ZIL) Zilliqa - 15% APY*
(MATIC) Polygon - 12.8% APY*
(ONE) Harmony - 9.2% APY*
(KSM) Kusama - 18.5% APY*
(FLOW) Flo - 6.5% APY*
(KAVA) Kava - 23.5% APY*
*APY is estimated and is subject to change.
You can learn more in our extensive CoinSpot Staking Guide.
Is CoinSpot Safe?
CoinSpot has undergone an SCI Qual International security audit and is the only Australian-based exchange to be awarded the ISO 27001 standard security certification. This makes it the most high security exchange in Australia. Additional to this, they have never been subjected to a cyber attack or any form of hacking incidents.
The ISO 27001 standard certificate is proof that CoinSpot’s information security management systems are highly secure, eliminating unauthorised access, modification or use for malicious intent.
CoinSpot Supported Assets
CoinSpot currently supports 358 cryptocurrencies on their platform and are adding more every week. Additional to cryptocurrencies, users can invest in Bundles (ETF's). The CoinSpot platform grew to become Australia's largest exchange because they are known to be the fastest to list new and exciting digital assets.