Coinstash Review

What is Coinstash?

Coinstash is an Australian exchange that has been operational since 2017. The platform offers a wide range of services, including the trading of over 1,000 digital currencies, DeFi integration, and personalised customer service. With a focus on bridging the gap between traditional finance and the crypto world, it has garnered the trust of over 30,000 members. 

Initially focused on providing a secure platform for buying tokens, Coinstash has expanded its offerings to include DeFi integration, staking services, and a mobile app for trading on the go. Its growth and sustained focus on security, innovation, and customer service have cemented its reputation as a trusted name in the crypto space.

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Coinstash Key Features

Coinstash provides an extensive and diverse selection of cryptocurrencies. It offers various features that make it a strong contender in the digital asset landscape, notably its staking services, Bundles (crypto ETFs), and OTC Desk. Here's a detailed look into the unique features that Coinstash brings to the table:

1. Diverse Range of Crypto: Coinstash allows users to trade over 1000 cryptocurrencies. From major names like Bitcoin and Ethereum to newer tokens like memecoins, you'll find a comprehensive selection designed to meet varying investment interests. 
2. Staking With Flexibility: The exchange offers staking opportunities on more than 20 cryptocurrencies with potential yields as high as 65%. What sets them apart are their flexible staking conditions, allowing you to freely access your invested funds whenever needed. 
3. Crypto ETFs: Bundles are similar to an Exchange Traded Fund, or 'ETF' that are essentially a basket of tokens that represent an index of a sector within cryptocurrency. An example of this is its DeFi Bundle which is comprised of 5 coins like UniSwap.
4. SMSF Integration: For Australian residents interested in diversifying their retirement savings, it offers SMSF (Self-Managed Super Funds) investment options. Their platform allows for easy integration, and they have knowledgeable account managers to guide you through the process. 
5. OTC Desk: Large scale and institutional investors can benefit from the Over-The-Counter services provided. Advantages include personalised trade assistance, minimised price impact through fixed-rate pricing, and quick asset availability after settlement.
6. Auto-Invest Feature: Investors uncertain about which digital currencies to commit to can leverage Coinstash's Auto-Invest. This feature enables automated, periodic purchases of a set of assets selected based on your risk profile. 
7. Coinstash Mobile App: Available on both iOS and Android, the mobile app offers a streamlined and intuitive trading experience. This ensures you can trade on the go, managing your investments whenever and wherever. 
8. 24/7 Customer Support: It prides itself on offering robust customer support accessible at any time of the day. Whether through live chat, email, or social platforms like Twitter and LinkedIn, their support team is ready to assist.

Is Coinstash Regulated?

Absolutely, Coinstash, under the trading name, TWMT PTY LTD (ABN 76 621 581 584) is officially registered with the Australian Securities and Investments Commission (ASIC). Additionally, it holds a license from AUSTRAC, qualifying it as a certified digital currency exchange. It has successfully completed a security audit by CyberGuard Compliance and holds the distinguished ISO 27018 cloud security certification.

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Fees Schedule

Coinstash has a straightforward and transparent fee structure. Firstly, the exchange does not charge fees to deposit AUD via PayID or bank transfer. Additionally, there are no fees to withdraw funds to your bank account, however, there is a fee to transfer crypto out to an external wallet. The only cost incurred on the platform is a flat 0.85% fee anytime you buy or sell a digital asset like Bitcoin or Ethereum. 

Supported Cryptocurrencies

Coinstash offers access to more than 1,000 digital currencies on its platform, and the list keeps growing each week. Beyond individual tokens, it also features Bundles, which function much like traditional ETFs but focus on digital assets. These Bundles combine multiple coins into a single investment option, simplifying and accelerating the journey into crypto investing. This feature offers an effortless avenue for portfolio diversification.

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Mobile Application

You can download the app on both Android and iOS platforms, giving you complete access to all features of the Coinstash trading platform. On the Apple App Store, the app boasts a 4.5 star rating and holds a ranking of #120 in the Finance category. Over on Google Play, it has a 4.5 star rating based on 40K reviews. The majority of feedback praises the app for its simple design.

Customer Support

A hallmark of Coinstash is its remarkably attentive and accommodating customer support team. With a strong 4.4 star rating on Trustpilot, a majority of the reviews highlight the team's personable approach to assistance. Available around the clock, you can contact them through live chat, email, an online help desk, and a range of social media platforms such as Instagram, Twitter, Facebook, and Reddit.

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Final Thoughts

To conclude, Coinstash has proven itself as a comprehensive and user-friendly exchange tailored for the Australian market. Established in 2017, it has grown significantly by continuously innovating and expanding its offerings from trading a broad range of over 1,000 digital currencies to DeFi integration and versatile staking options. Its unique features like Bundles and SMSF integration offer retail and institutional investors a platform for diversified investing.