Exchange Review

CoinSpot vs

Quick-Take: CoinSpot is the superior cryptocurrency exchange because they offer more coins, lower fees and are based in Australia.

Verified Author

CoinSpot is Australia's largest and most trusted digital currency exchange, boasting over 2 million users across their Web & Mobile apps. Founded in Melborune, Australia - their platform has grown to become the most popular exchange in Australia due to their wide range of features including 370+ coins, crypto staking, NFT marketplaces and more. on the other hand is a large global exchange that is considered 'decentralized' with a relatively uncertain regulatory status. Their platform is widely regarded for their own Proof-of-Stake blockchain called Cronos that is similar to Binance Smart Chain. The ecosystem good for advanced users looking to make the most of Cronos' DeFi applications.

CoinSpot vs vs CoinSpot
Trading Fees
0.1% - 1%
Available Cryptos
AUD Deposit Options
Bank Transfer, PayID, Osko, Cash, BPAY or POLi
Bank Transfer only
Crypto Staking & Trading
NFT Marketplace
24/7 Local Support
Exchange Native Blockchain
Overall Best

Table of Contents

CoinSpot vs Features

CoinSpot is the most feature-rich cryptocurrency exchange in Australia, boasting a well built-out ecosystem that includes a Crypto Exchange, NFT Marketplace, CoinSpot Earn (Staking), CoinSpot OTC & CoinSpot SMSF Support. Their platform offers end-to-end services with the best support for Australian users thanks to their easy to use Live Chat Support. is also a feature-rich platform, however it does not offer all of its services for Australian users. If you are based in Australia you can use their exchange, NFT Marketplace and staking functions. They also have the Cronos Network that has a booming ecosystem of native DeFi applications, however this is a little complicated to use and incredibly risky.

CoinSpot vs

Winner: CoinSpot has better features for Australian cryptocurrency investors, and much better local support teams.

Trading Fees

CoinSpot has a clear and transparent fee structure that starts at 0.1% per trade for their Market Order feature. Their Instant Buy feature charges a 1% fee to buy or sell any of the 370 listed cryptocurrencies on the platform. While this fee may seem high, it is typically what you pay when you're buying long-tail altcoins. has a base fee of 0.4% that changes depending on how much tokens (CRO) you hold and stake. If you stake over $10,000 worth of CRO, you can get your fees from 0.4% to 0.1%. While this is an interesting feature, it is not worth it because you may end up losing money buying CRO tokens.

CoinSpot Fees vs

Winner: CoinSpot's fee structure is cheaper, easier to understand and doesn't involve having to buy and stake tokens.

Security and Safety

CoinSpot was founded in 2013 and is regulated by ASIC and AUSTRAC as a licensed digital currency exchange in Australia. They are also one of the only platforms to have secured an ISO 27001 certification, which demonstrates that it is a high-security exchange. also has the relevant licensing and is regulated by AUSTRAC, however they have been hacked in the past. Their platform suffered a $30m exploit where a hacker was able to drain one of their cold-storage wallets.

Winner: CoinSpot has not had any hacks or vulnerabilities since their founding date in 2013.

On-Chain Ecosystems

CoinSpot does not currently have its own blockchain with DeFi, NFT or Metaverse applications. has the 7th largest blockchain called Cronos, which boasts over $1.5B in total value locked. There are many popular DeFi applications on Cronos like VVS Finance, Tectonic Finance and MM Finance that allow you to stake coins and earn yield.

Winner: wins this round as they are the only platform with a native blockchain.

Final Verdict: CoinSpot vs

CoinSpot are the superior exchange when compared to because they offer lower fees, more assets and have not suffered any hacks. While has an interesting native DeFi ecosystem, it is not worth the time or risk for most Australian investors.

If you want to learn more, you can read our in-depth CoinSpot Review.

Visit CoinSpot

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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