Coinstash is a new Australian cryptocurrency exchange that makes crypto trading simple through its sleek and easy-to-use interface. Their platform allows you to buy, sell, trade, and earn interest on your crypto assets with their staking feature.
The company was established in 2020 and was founded by Ting Wang and Mena Theodorou out of Brisbane, Australia. They are a regulated, licensed, and trusted platform to invest in the digital asset space.
Australian Licensing: AFSL & AUSTRAC Registered.
Table of Contents
CoinStash Key Features
The table below is a summary of the key aspects underpinning the Coinstash digital asset trading platform.
Coinstash offers over 340 different cryptocurrencies, including all of the major smart contract platforms, NFT tokens, DeFi platforms, and much more. The current categories of tokens available on Coinstash are:
- Exchanges Tokens
- Proof of Stake
- Bitcoin and Majors
- Stablecoins + more
Their platform offers significantly more tokens than the average Australian exchange which offers around 50 assets.
The Coinstash trading platform also offers a product called 'Bundles' which are similar to an Exchange Traded Fund, or 'ETF'. Bundles are baskets of tokens that represent an index of a sector within cryptocurrency. An example of this is Coinstash's DeFi Bundle that is comprised of 5 tokens.
- Uniswap: 20%
- PancakeSwap: 20%
- Compound: 20%
- AAVE: 20%
- Yearn Finance: 20%
The other Bundles available on Coinstash include Metaverse Tokens, Innovation Coins, Meme Coins, and more.
Coinstash Trading Fees
The fees to trade on the Coinstash cryptocurrency exchange are 0.85% to buy or sell. The same fees apply to Bundles and other products on the platform.
Coinstash Earn is a staking product that allows users to earn up to 24.48% per annum in passive rewards with no lock-up. They are licensed to do this because they control an Australian Financial Services License (AFSL) and are regulated under ASIC.
You can currently stake over 15 different cryptocurrencies like Bitcoin, Ethereum, AVAX, Solana, USDC and more to earn daily interest.
Is Coinstash Safe?
Coinstash is a secure and regulated company under the trading name TWMT PTY LTD (ABN 76 621 581 584) in Australia. Their founders are well-known and active within the Australian blockchain community and are considered thought leaders in the country.
Overall, the Coinstash platform is a great exchange considering it has only been around for 2 years. They have a wide suite of features as outlined in the review and include support for SMSFs and institutional investors.
If you are looking for a simple user interface, great staking options, and competitive fees, then Coinstash is definitely worth giving a go.