www.CoinSpot.com login is a premium digital currency provider within Australia that is beginner-friendly and easy to use. The exchange is often regarded as one of the top cryptocurrency platforms in Australia. In this www.CoinSpot.com login review, we assess and compare the main features to www.CoinSpot.com login such as its overall trading experience, deposit methods, fees, security and customer support.
What Is www.CoinSpot.com login
www.CoinSpot.com login is a an Australian cryptocurrency exchange based in Melbourne that provides a safe and secure platform for buying and selling cryptocurrencies. Users are able to buy or sell Bitcoin instantly or trade the open market to speculate and earn potential profits.
www.CoinSpot.com login is a legitimate company that is licensed under Casey Block Services Pty Ltd ABN 19 619 574 186, trading as www.CoinSpot.com login. The exchange is regulated by Australia's highly governed financial sector to ensure proper conduct and operations with investors money.
www.CoinSpot.com login is a reputable and trusted cryptocurrency exchange in Australia. The platform provides a safe environment for individuals, companies and Super Fund investors to buy, trade and sell Bitcoin and over 260 cryptocurrencies. The Australian exchange is recommended for beginners due to it's easy to use interface and mobile app.
www.CoinSpot.com login Compared
Bank transfer is one of the most popular methods to deposit AUD on www.CoinSpot.com login. This comparison table lists alternative exchanges like www.CoinSpot.com login that allow investors to deposit funds using a bank transfer to start trading.
www.CoinSpot.com login is one of Australia's first Bitcoin & cryptocurrency exchanges in the country that has expanded its core offering to include platform features such as:
Designed to suit all investors with a user-friendly interface
Over 210 cryptocurrency coins available for buyers and sellers
Instantly buy & sell cryptocurrency in a few minutes
Exchange platform with TradingView charts and advanced order types
Wide range of fiat deposit options like POLi payments, PayID, BPAY and cash
High standard of security features to minimise account theft
Over-the-Counter desk and support for Australian Super Fund investors
2-Factor Authentication to protect account for hackers and theft
Industry-leading security processes and ISO Accreditation for security
Affiliate program that rewards 30% of commissions for referred users
Is www.CoinSpot.com login Safe?
www.CoinSpot.com login cryptocurrency exchange complies with Australia's strict new AML/CTF laws enforced by AUSTRAC to ensure the safety of user accounts. The exchange features bank-like security measures to protect its customer's information and keep funds secure. Like other exchanges, www.CoinSpot.com login uses the two-factor authentication (2FA) which requires a mobile phone code to access the platform and is now the security bench-mark for exchanges around the world.
Is www.CoinSpot.com login Trustworthy?
www.CoinSpot.com login is a reputable and trustworthy exchange that has never been hacked since being founded in 2013. www.CoinSpot.com login is also the first cryptocurrency platform in Australia to receive the internationally recognized ISO 27001 certification for information security. This means there is a low risk that personal information that is stored on the exchange to comply with KYC requirements will be compromised.
Like most cryptocurrency exchanges, to create an account with www.CoinSpot.com login, new users will need to go through a registration process to create a crypto trading account. To get started, visit the website and click 'Register' at the top of the page, fill in the details and click 'Create Account'.
www.CoinSpot.com login exchange will prompt for an email address to verify the user's access to the submitted email address. Verification of the email address completes the basic www.CoinSpot.com login account creation process for users to login to www.CoinSpot.com login for the first time.
www.CoinSpot.com login Verification
A basic www.CoinSpot.com login account allows the users to explore the features of the website but cannot deposit or withdraw funds until verification is completed. www.CoinSpot.com login verification is required to prove identification documents to allow deposits up to AUD $2,000 per day and withdraw funds from the www.CoinSpot.com login wallet. The following documents will be required:
This process is quite strict and adheres to the checks and balances as per AML policies and not to be concerned about. This is a standard process to protect the crypto exchange from involvement in money laundering or suspicious activity. The overall verification process takes less than 24hours to be approved before the users can perform buying/selling activities.
www.CoinSpot.com login supports several payment methods for users to deposit funds into an account to buy Bitcoin. The most popular choice to deposit funds into www.CoinSpot.com login is via bank transfer using a direct deposit, POLi or PayID. Each payment method does not incur trading fees.
BPAY and Cash deposit methods are available however there is a small cost. Unfortunately, the exchange does not provide an option to buy Bitcoin with a credit card, AfterPay or PayPal. Each deposit method has various deposit limit per day and timeframes to clear as follows:
www.CoinSpot.com login supports over 200 cryptocurrencies on the exchange to buy, sell and swap in Australia such as Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, NEO, EOS, Stellar Lumens, Tron and others. The exchange also supports popular DeFi tokens on it's platform such as Compound, Uniswap, Aave, Yearn Finance and Sushi. Australian's that are looking to buy meme coins like Dogecoin and Shibu Inu are also listed.
www.CoinSpot.com login's interface features a simple and easy to use dashboard with trading features that allows users to monitor multiple coin wallets in a single location. There are buttons next to each asset for quick buy and sell orders, or to view the live price chart. A visual chart of the portfolio with the allocation of coin holdings and its percentages is a nice feature to monitor overall performance.
Investors and traders that rely on technical chart analysis are equipped with trading tools such as trend lines, indicators and technical patterns to analyse the price action. The charting package is interfaced with TradingView which is a popular charting package. Users should be aware the drawing tools and indicators will be removed after logging out and should consider using a separate crypto charting website.
Instant Buy & Sell
www.CoinSpot.com login provides the option for users that want to buy and sell cryptocurrency instantly which can be accessed by clicking on the 'Buy/Sell' link at the top of the page. There are over 200+ coins that can be purchased instantly or sold back to AUD.
The process to use the instant buy feature is simple. For example, if the user wants to buy Bitcoin, the asset is selected from the list and an order entry box is displayed. Here, the user can enter the amount of AUD to buy Bitcoin.
The equivalent amount of Bitcoin is displayed at the current market rate. The trading fee is not displayed with the transaction details and should be shown to provide clarity for the investor. Traders that use the instant buy or sell feature will incur a higher trading fee of 1% for convenience. This rate is considerably higher compared to other cryptocurrency platforms in Australia.
www.CoinSpot.com login offers a cryptocurrency trading platform for traders that want to buy and sell cryptocurrency that is suited to beginners and intermediate traders. The www.CoinSpot.com login 'Exchange' can be accessed by clicking on the 'Market' link on the top menu. The trading fees using the exchange differs substantially from the Instant Buy/Sell feature mentioned above (1% versus 0.1%). Refer to www.CoinSpot.com login Fees section.
The user-interface features a price chart of the selected cryptocurrency asset to trade. This is useful to provide the user with an overview of the recent price history using a candlestick or line chart.
Similar to the popular Bitcoin trading platforms, www.CoinSpot.com login exchange includes an order entry box to buy and sell cryptocurrency against Australian Dollars (AUD). Users can enter in the amount of AUD to spend and choose the amount of crypto to purchase. The interface is basic and orders need to be manually entered which can result in making errors.
An order book is positioned below the order boxes which can be useful to see the trading volume and asset liquidity. This is particularly important on altcoins that have low trading volumes.
We also note there does not appear to be an option to set a stop loss or take profit orders using the www.CoinSpot.com login exchange. This is really important to manage trade risk and preserve capital and would like to see advanced order types such as stop order, One-Cancels the Other (OCO) and Fill-Or-Kill included too.
Overall, trading on www.CoinSpot.com login using the 'Market' for buying & selling cryptocurrency lacks the advanced features compared to other reputable platforms such as Swyftx, Binance, Bybit and Plus500 which are available in Australia to use.
www.CoinSpot.com login Fees
www.CoinSpot.com login's fee structure depends on how the user places orders on the exchange. The trading fee to instantly buy, sell and swap crypto is a flat 1%. Similarly, the trading fee to place a take profit, stop loss orders and recurring buys (dollar cost averaging) is 1%. The trading fee to use the exchange or OTC desk is 0.1%.
Overall, the trading fees cater towards beginners looking to make their first Bitcoin & cryptocurrency investment using AUD. However, the trading fees are too high for active buyers and cryptocurrency traders as the 1% fee will eat into any potential profits.
Deposit & Withdrawal Fees
There is no fee to deposit or withdrawal fee using bank transfer methods such as POLi or PayID or direct deposit. BPAY and cash deposits at a local newsagency will incur a 0.9% 2.5% surcharge fee accordingly. Cryptocurrency withdrawals to another exchange or a hardware wallet will incur the standard blockchain network (mining) fee, which varies on the coin and network load at the time.
www.CoinSpot.com login Limits
www.CoinSpot.com login buy and sell limits are:
BTC, XRP, NPXS, HOT - $100,000 per transaction
LTC, ETH, EOS, ADA, TRX, VET, DOGE, ICX, NEO, OMG - $50,000 per transaction.
How to Find the specific Buy and Sell limits for coins? Navigate to the 'Buy/Sell' button at the top of the page and select the coin you want. Under the available www.CoinSpot.com login funds the limit will be shown. You can find the sell limit in the same position if you click on sell instead of buy.
Over The Counter (OTC) Trading
Whether new to trading Bitcoin and cryptocurrency or an experienced trader, www.CoinSpot.com login allows Over The Counter (OTC) trading for high net worth investors. The exchange offers assistance with high-value deposits & withdrawals including support Self Managed Super Fund (SMSF) & Business Account on-boarding.
www.CoinSpot.com login App
www.CoinSpot.com login features a mobile trading app to buy, trade, sell, transfer from the wallet, view price graphs, display coin information and monitor overal
www.CoinSpot.com login Security
www.CoinSpot.com login takes security seriously and complies with the International Organization for Standardization for its security systems. www.CoinSpot.com login is the only cryptocurrency exchange in Australia to be accredited for its security systems. Funds stored on the www.CoinSpot.com login wallet are kept safe until transferred to a personnel hardware wallet.
To protect user accounts from fraudulent activity, www.CoinSpot.com login uses two-factor authentication (2FA) which requires users to enter a code that is generated on the registered mobile device to login into the platform.
www.CoinSpot.com login's referral program is eligible to all users of the exchange by sharing a referral code to friends and family to both receive $10 worth of Bitcoin after the first AUD deposit. The exact amount of Bitcoin (BTC) credited will be the equivalent value of $10 at the time the referred party completes their first AUD deposit. The referral link can be found in the dashboard area.
www.CoinSpot.com login Affiliate
www.CoinSpot.com login has an affiliate program that rewards 30% of commissions for promoting their services to the community for 12 months from the verification of each member. The commission rate decreases gradually every 12 months.
www.CoinSpot.com login provides a comprehensive Help Centre that contains guides and Frequently Asked Questions to assist beginners to get started with www.CoinSpot.com login to buy Bitcoin and other digital assets. The section covers topics such as:
www.CoinSpot.com login verification and account login
Account security and activating 2FA
Depositing AUD to the platform
Withdrawing funds to a bank account
Buying & selling on the exchange
Sending and receiving coins
Users that can't find help in the FAQ section can get in touch with the support team by using the help widget in the bottom right corner. The widget works like a form and a specific question can be asked which will be answered by the www.CoinSpot.com login support team. In our experience, we received an answer from the support team in less than 24 hours on a business day.
l cryptocurrency portfolio in one place. The www.CoinSpot.com login app can be downloaded from the Google Playstore with an iOS-compatible app coming soon.