CoinSpot is a popular Australian cryptocurrency exchange and trading platform, launched in 2014, that allows users to buy, sell, and trade a wide variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and many others. It operates primarily in Australia and New Zealand, offering instant delivery and easy verification for its users. CoinSpot also functions as a multi- cryptocurrency wallet with built-in trading features and strong security measures such as two-factor authentication (2FA) and compliance with Australian laws and regulations, including AML/CTF rules enforced by AUSTRAC. The platform supports over 360 cryptocurrencies and provides different types of orders like instant buy/sell and market orders. It is well-regarded for its user-friendly interface and security certifications such as ISO 27001, although users have noted that its fees, typically around 1% for instant buy/sell, can be higher compared to some other exchanges. CoinSpot is legal and regulated in Australia, requiring Know Your Customer (KYC) verification, and it likely reports to the Australian Taxation Office (ATO) for compliance. It offers users an app for mobile trading and wallet management. Overall, CoinSpot is favored by many Australian crypto investors for its ease of use, security, and regulatory compliance, but some users point out the fees and trading spreads can be relatively expensive compared to other platforms.
