Coinspot: My view of the Australian Bitcoin Trading App

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 Mostly Positive as have used for quite a few years


Today, I'm diving into the world of Coinspot.com, an Australian-based cryptocurrency exchange that I've been using for my crypto transactions for quite a few years. If you're in Australia and looking to dip your toes into the crypto market, this might just be the place for you. Let me walk you through what Coinspot has to offer, share a bit about my experience, and also point out a few things that could be better.

First off, it is super user-friendly. The interface is clean and easy to navigate, which is a big plus if you're new to the crypto scene. When you log in, you're greeted with a dashboard that shows your portfolio, recent transactions, and the current market prices of various cryptocurrencies. It's all laid out in a way that's simple to understand, even if you're not a tech whiz.

One of the best things about Coinspot is the variety of cryptocurrencies you can trade. They've got everything from Bitcoin and Ethereum to Cardano and Kaspa. This diversity gives you a lot of options when it comes to building your portfolio. Plus, the transaction fees are pretty reasonable compared to other exchanges.

Now, let's talk about how I've used it for my transactions. Setting up an account was a breeze. I just needed to verify my identity, which involved uploading a couple of documents. Once that was done, I was good to go. I linked my bank account, and funding my wallet was quick and hassle-free. Within minutes, I had my first deposit ready to buy some Crypto.

Buying and selling crypto is straightforward. You just select the coin you want, enter the amount, and hit the buy or sell button. The transaction is processed almost instantly, and the updated balance reflects in your wallet immediately. I've made several transactions, and each time, the process has been smooth and reliable.

One feature I particularly like is the Coinspot app. It lets me keep track of my investments on the go. Whether I'm out and about or just lounging at home, I can easily check prices, make trades, and manage my portfolio. The app is just as intuitive as the website, so there's no learning curve involved.

Security is another strong point. They've got multiple layers of protection, including two-factor authentication (2FA) and cold storage for the majority of their assets. This gives me peace of mind knowing that my investments are safe.

However, it's not all sunshine and rainbows. Here are a few things that could be better:

Higher Fees for Instant Buys: While the transaction fees are generally reasonable, the fees for instant buys can be a bit steep compared to other platforms. If you're planning to make a lot of instant trades, this could add up.

Limited Advanced Trading Features: For seasoned traders, the lack of advanced trading features like margin trading or futures might be a downside. Coinspot is great for beginners, but if you're looking for more complex trading tools, you might feel a bit restricted.


Overall, Coinspot.com has been a great platform for managing my cryptocurrency transactions in Australia. It's user-friendly, secure, and offers a wide range of coins to trade. While there are a few areas that could use improvement, I still highly recommend giving Coinspot a try if you're looking to get started with crypto. Happy trading!


Join Coinspot Australia Here

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