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CoinSpot

AUSTRAC RegisteredISO 27001AU Brokerage450+ Assets

Trade on CoinSpot ↗

Australia's most popular beginner exchange: enormous coin range, every local deposit method, ISO-certified security - with the cost hidden in a ~1% instant-buy spread.

Headquarters

Melbourne

Founded

2013

AUSTRAC

Registered - Casey Block Services Pty Ltd, ABN 19 619 574 186VASP register, checked 25 Jul 2026

AU Entity

Casey Block Services Pty Ltd

AUD Deposits

PayID · POLi · Card · Cash

Model

Brokerage

Assets

450+

Coindaily Score

76 /100

Regulatory standing in Australia

CoinSpot has operated from Melbourne since 2013 and is AUSTRAC-registered. It was the first Australian exchange certified to ISO 27001, the international information security standard, and audits the certification annually.

In November 2023 a hot wallet incident of roughly A$2-4 million was reported, attributed to a compromised key. The company absorbed the loss with no reported customer impact - an honest stress test that it passed, though a reminder that platform risk is real everywhere.

Its model is a brokerage: most users buy and sell through Instant Buy at a spread of around 1%, which is the true cost regardless of the headline 0.1% market-order fee. The market order book exists but is thin.

Costs in practice

Maker

0.10%

Taker

0.10%

Typical Spread

1.00%

Effective Cost

~1.00%

Brokerage: the spread is the real cost; the headline fee is secondary. Figures match the Coindaily exchanges table and are modelled; check the live schedule before trading.

coinspot.com.au

CoinSpot homepage

Homepage as served to Australian visitors · captured Jun 2026

Local offerings & AUD rails

Widest local deposit menu: PayID, POLi, card, even cash via newsagents
450+ assets - the largest range of any Australian platform
SMSF support used by a large share of local funds
ISO 27001 certified security, long local record
Simple tax report exports for the ATO

Where it wins

Easiest on-ramp in Australia, every deposit method
Biggest coin range locally
ISO 27001 and a decade-plus record
Absorbed its 2023 incident with no customer loss

Where it costs you

~1% Instant Buy spread is the real cost - high for active trading
Order book too thin for size
2023 hot-wallet incident on the record

Trading fee from

1% on Instant Buy/Sell/Swap. 0.1% on Markets, but only 6 of its 16 pairs are cheaper than that 1% once the book is crossed

https://www.coinspot.com.au/fees

AUD deposit

Free and instant via PayID or bank transfer

https://coinspot.zendesk.com/hc/en-us/articles/360000748515-AUD-Deposit-FAQ

SMSF accounts

Yes - dedicated SMSF onboarding and support desk

https://www.coinspot.com.au/smsf

What it costs

Trading fees, subscriptions, deposits and withdrawals

Instant Buy, Sell and SwapThe default way to trade on CoinSpot, at a set price

1%Charged per trade, each way

CoinSpot Markets (order book)Peer-to-peer order book. The cheapest way to trade here, but only on the few pairs with a real book behind them

0.1% fee, 6 of 16 pairs beat InstantFlat rate, no maker/taker split

Stop loss, take profit, buy stop and buy limitConditional orders placed through Instant Buy/Sell, not Markets

1%Same rate as Instant

Recurring buyAutomated dollar cost averaging orders

1%Priced as an Instant trade

OTC deskLarge trades handled off the public order book

0.1%Minimum A$20,000 per trade

NFT marketplaceBuying or selling an NFT on CoinSpot's own marketplace

0.9% plus gasListing is free, creator royalties vary

AUD bank withdrawalCashing out to your Australian bank account

FreeNo minimum and no maximum

Crypto withdrawalSending coins to an external wallet

Variable network feeRate shown on each coin's send page

Limits and the costs that hide

Spreads, deposit caps and charges that do not appear on a fee page

The Instant versus Markets gapTen times on the fee page. Once you cross the book it is about three times on BTC, and negative on most other pairs

Ten times on paperAbout three times in practice, on the majors

Bid/ask spread sits on top of the 1%CoinSpot quotes a buy price and a sell price, and the gap is yours to pay

Not disclosed as a rateWidens on low-liquidity coins

Card, Apple Pay and Google Pay depositsConvenience rails that carry a percentage charge

1.22%Capped at A$5,000 per 24 hours each

Cash depositPaying in over the counter through blueshyft newsagents

2.5%A$50 minimum, A$8,000 per 24 hours

PayPal in and outCheap to deposit, charged to withdraw

0.5% in, 2% outWithdrawal fee capped at A$1.25

Baseline deposit cap on new accountsLightly verified accounts are throttled until you upload a verification photo

A$10,000 per dayLifted on further verification

Markets orders can sit unfilledThe 0.1% rate depends on another CoinSpot customer taking the other side. Walking all 16 books on 26 July 2026, EOS and GAS could not fill a A$1,000 order on one or both sides

Two pairs could not fill A$1,000Verified against CoinSpot's public order book API

What you can trade

Assets, Australian dollar pairs, staking and derivatives

Total assets listedThe headline number, and the largest range of any Australian exchange

Over 480 coinsAll available via Instant Buy at 1%

Coins that get the 0.1% rateThe order book covers about 3% of the listed range, and the fee is only a saving where the book is deep enough to cross. We walked all 16 on 26 July 2026: only BTC, ETH, XRP, SOL, LTC and USDT came out cheaper than CoinSpot's own 1% Instant Buy on a A$1,000 order. ADA cost about 3.9%, DOGE 2.5%, RHOC far more. RFOX had no book at all.

16 advertised, 6 actually cheaper than InstantMeasured against the 1% Instant fee at A$1,000

Markets AUD pairs, verifiedCoinSpot's public API returns an order book for these and rejects everything else

BTC, ETH, XRP, SOL, ADA, DOGE, LTC, XLM, TRX, EOS, NEO, USDT, POWR, GAS, RFOX, RHOCPlus one BTC/USDT pair

Coin to coin swapDirect swaps between any two listed assets

9,000+ pairings at 1%Instant liquidity, no order book

OTC coverageWhich assets the high-volume desk will quote on

45+ coinsFully verified accounts only

Staking and EarnSuspended on regulatory grounds and still not back

Suspended since 1 September 2023Assets were returned to wallets

Derivatives, margin and leverageCoinSpot's own product list is spot only

Not offeredBuy, sell, swap, Markets, OTC

NFT marketplaceAn in-house marketplace alongside the exchange

30+ collections0.9% per trade

How your assets are held

Custody, reserves, insurance and self-custody

Custody modelCoinSpot holds the private keys to coins in your account

Fully custodialYou hold an account balance, not keys

External statutory financial auditAn independent audit under Australian Auditing Standards

Unqualified opinion, FY21 to FY23Confirms customer assets held 1:1

Proof of ReservesNo cryptographic Merkle-tree attestation you can verify yourself

Not publishedFinancial audit used instead

Most recent audit publishedThe audit page has not moved past the FY23 result

FY23No FY24 or FY25 result in the help centre

ISO 27001 certificationFirst Australian exchange to be certified for information security

Certified, renewed to ISO 27001:2022Last documented renewal 30 June 2023

November 2023 hot wallet incidentAbout 1,283 ETH drained, attributed to a probable private key compromise

About A$2.4M lostNo customer losses reported

Self-custodyYou can withdraw to your own wallet and save addresses for reuse

SupportedAddress book for saved wallets

Who can open an account

Entity types onboarded in Australia

IndividualStandard personal account with photo ID verification

YesDriver licence or passport

Self-managed super fundA dedicated SMSF onboarding path with its own support team

YesTrust deed and trustee ID required

Company and trustBusiness and trust entities share one onboarding path

YesCertified trust documents or trust extract

Joint accountsCoinSpot documents only three entity types and joint is not one

Not offeredIndividual, SMSF, business/trust

Separate login per entityEach account type needs its own email address and password

RequiredAccounts are not linked

Australian residencyNon-residents who cannot supply Australian documents lose full functionality

Effectively requiredAUD withdrawals to Australian banks only

Trading features

Order types, recurring buys, tooling and access

Order book order typesLimit-style orders on the 16 Markets coins, including pegged orders

Market and pegged ordersPercentage offset and price limit

Conditional ordersAvailable on all coins, but priced through Instant at 1%

Stop loss, take profit, buy stop, buy limit1% per trade

Recurring buysDollar cost averaging, with matching recurring AUD deposits

YesCharged at 1% per buy

BundlesBuy a themed basket of coins in one transaction

YesPriced as Instant trades

OTC quoting hoursAutomated quotes run around the clock, manual quotes do not

Automated 24/7, manual 8am to 10pmQuotes expire after 1 minute

API accessPublic market data plus read-only keys for third-party tools

YesRead-only recommended for tax tools

CoinSpot MastercardPrepaid debit card funded from your CoinSpot balance

Yes18+, verified account, app 2FA required

Money in and out

Minimums, methods and settlement speed

PayID and direct depositThe free rails, and the only ones without a CoinSpot-imposed cap

Free, A$1 minimumInstant, no CoinSpot 24-hour limit

Card, Apple Pay and Google PayInstant but charged, with the tightest daily cap

1.22%, A$1 minimumA$5,000 per 24 hours each

Cash depositOver the counter at blueshyft-enabled newsagents

2.5%, A$50 minimumA$8,000 per 24 hours

PayPal depositInstant funding from a PayPal balance

0.5%, A$1 minimumA$10,000 per 24 hours

POLi is gonePOLi shut down in Australia and CoinSpot stopped accepting it

Discontinued 28 September 2023Outside CoinSpot's control

Current deposit methodsThe full list CoinSpot documents as at July 2026 - BPAY is not among them

Card, cash, direct deposit, PayID, PayPalPlus Apple Pay and Google Pay

AUD withdrawalFree to your own Australian bank account, no limits either way

FreeNo minimum or maximum

Withdrawal settlementSame-day processing if you beat the cut-off, otherwise next business day

Before 2pm AEDT weekdaysUp to two business days on weekends

Tax and reporting

What you get at tax time, and what you do not

EOFY statement and CSV exportDownloadable transaction records for your return or your accountant

FreeWeb and mobile app

Read-only API keysConnect tax software without granting trading or withdrawal rights

SupportedCoinSpot advises read-only

KoinlyGlobal crypto tax calculator with ATO myTax reports

Integrated30% off first plan with a CoinSpot code

Summ, formerly Crypto Tax CalculatorAustralian-owned software built to ATO guidelines

Integrated30% off paid plans

SylaAustralian tax software supporting individual, company, trust and SMSF

Integrated30% off first year

CoinLedgerA fourth documented tax integration

IntegratedStep-by-step guide provided

SMSF audit reportingRead-only API access for accountants and fund auditors

SupportedEOFY reporting for fund obligations

Platform and support

Apps, account security and how you reach a human

AppsFull-featured mobile apps alongside the website

iOS and AndroidMarkets, OTC and orders on mobile

Support hoursLive chat and ticketing, staffed around the clock

24/7Australian-based team

Stated response timeCoinSpot's own published benchmark for ticket replies

About 80% within an hourLive chat or ticket

Two-factor authenticationApp-based codes recommended, SMS also supported

Authenticator app and SMSCloud sync advised off

Extra account controlsLayered security settings beyond a password and 2FA

Anti-phishing phrase, geo-lock, phone phraseSet in the security menu

Withdrawal lockFreeze all AUD and coin withdrawals, with a deliberately slow unlock

YesAuthorisation photo required to re-enable

Withdrawal address allowlistAn address book saves wallets for convenience, but does not restrict sends to them

Address book, not a strict allowlistSaved favourites only

Trust and regulation

The entity you are actually contracting with

Legal entityThe company behind the CoinSpot brand

Casey Block Services Pty Ltd, ABN 19 619 574 186Trading as CoinSpot

AUSTRAC registrationRegistered virtual asset service provider under AML/CTF law

Registered since 8 May 2018AML/CTF obligations only

AFSL 562554Held by Casey Block Services and recorded on ASIC's licensee register

Granted 29 April 2026Registered address Windsor VIC 3181

What the AFSL actually coversASIC's licence conditions limit it to non-cash payment products - not crypto dealing

Non-cash payment products onlyGeneral advice and dealing, that scope only

Crypto trading itself is unlicensedCoinSpot's own terms state coins remain largely unregulated

No crypto-specific licenceNot covered by financial product protections

Incoming regimeA licensing regime for crypto asset services is being phased in

Digital Assets Framework, staged to 2027ASIC to oversee

Scale and baseMelbourne-based and the largest Australian exchange by customer count

3m+ customersFounded 2013

Travel RuleSender and recipient details are collected and shared on transfers

AppliesAUSTRAC-enforced

Figures are read from CoinSpot's own published schedules and disclosures. Crypto platforms change pricing and product availability often - click source on any row to check it yourself, and dispute anything that looks wrong.

Frequently asked questions

Is CoinSpot safe?

It is AUSTRAC-registered, ISO 27001 certified and has run since 2013. A 2023 hot-wallet incident of a few million dollars was absorbed by the company with no reported customer losses.

What does CoinSpot really cost?

Instant Buy carries a spread of roughly 1%, which is the true cost for most users. The 0.1% fee applies to market orders on its thinner order book.

Can I use CoinSpot for my SMSF?

Yes - SMSF accounts are a core offering and CoinSpot is among the most used platforms for Australian funds, with dedicated statements.

Registrations, licences and product availability change. Check the current AUSTRAC Virtual Asset Service Provider Register and the platform's own disclosures before depositing. This page is general information only, not financial advice, and may contain modelled figures.

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