Exchange Review

Does CoinSpot offer cash deposits?

Summary: This guide shows Aussie investors how to deposit Australian dollars on the cryptocurrency exchange, CoinSpot with cash.

By 
Serah Huels
 on  
August 13, 2022

CoinSpot is an Australian-based exchange that allows you to buy, sell and trade a range of digital currencies. It offers a simple and convenient platform for users to access the cryptocurrency market. The exchange was founded in 2013 and is one of the leading exchanges in Australia.

It is a member of the Australian Digital Commerce Association (ADCA) and is compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. It offers a variety of payment methods, such as bank transfer, cash deposits, credit/debit card and POLi Payments.

Table of Contents

Does CoinSpot offer cash deposits in Australian dollars?

Yes, CoinSpot supports the most deposit methods for Australian dollars out of any cryptocurrency exchange in the world. Refer to the list below for the supported deposit methods, time frames and associated fees.

  • Direct Deposit (Osko) - Free & Instant
  • Direct Deposit (Bank Transfer) - Free & 1 - 3 days
  • POLi - Free & Instant
  • BPAY - 0.9% & 0 - 2 business days
  • PayID - Free & Instant
  • Cash Deposit - 2.5% and Instant

To learn more about CoinSpots fees, we recommend visiting its Fee Schedule.

CoinSpot Home Page
CoinSpot Home Page

How to deposit Australian dollars on CoinSpot via Cash Deposit

In this guide, we show Australians how to deposit Australian Dollars on the CoinSpot exchange via cash deposit. CoinSpot has partnered with BlueShyft, an Australian-wide news agency with over 1000 locations, making it easy for Aussies to deposit cash, anywhere! Follow the below steps to get started.

  1. Sign up to CoinSpot and verify your identity
  2. Select 'Deposit Funds' and click 'Cash Deposit'
  3. Enter the amount of AUD and press 'Continue'
Cash Deposit on CoinSpot
  1. Save your QR code and scroll down to find your nearest deposit location
Cash Deposit QR Code CoinSpot
  1. Enter your postcode and search for your closest deposit location
Deposit Cash on CoinSpot locations
  1. Bring your ID, the cash deposit and the QR code to the location. Your funds will immediately appear in your CoinSpot account when the deposit has been completed in store

Is CoinSpot safe?

Yes, CoinSpot is widely regarded as Australia's safest cryptocurrency exchange. CoinSpot is a member of the Blockchain Association of Australia and is audited regularly to ensure that it meets industry best practices. The exchange is also registered with AUSTRAC, the Australian Transaction Reports and Analysis Centre.

It is the only cryptocurrency investing platform in the world to be awarded the ISO27001 standard security certificate. To obtain this certification, one must undergo a SCI Qual International security audit. This audit verifies that CoinSpot's information security management systems are highly secure, eliminating unauthorised access, modification or use for malicious intent.

To learn more about the CoinSpot exchange, you can visit our CoinSpot Review.

Deposit Cash on CoinSpot

Author Bio

Serah is our Editor in Chief and was the first person to join the Buy Crypto Australia team. She is a digital & crypto native, having been in the space since 2015.

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