CoinSpot is Australia's longest-running cryptocurrency exchange, founded in 2013 and widely regarded as the country's most trusted retail crypto platform. AUSTRAC-registered and Australian-owned, CoinSpot offers over 400 cryptocurrencies with instant AUD buy/sell functionality, BPAY deposit support, and industry-leading customer service. Its longevity and consistent operation through multiple market cycles have made it the go-to platform for Australian retail investors prioritising reliability and coin variety.
About CoinSpot
Founded in Melbourne in 2013, CoinSpot was one of Australia's first cryptocurrency exchanges and has maintained continuous operation for over a decade. The exchange built its reputation on reliability, customer service, and breadth of listed assets — consistently listing new cryptocurrencies quickly and maintaining an extremely user-friendly interface. CoinSpot is 100% Australian-owned and operated, which resonates strongly with Australian investors preferring domestic platform accountability.
Key Facts
| Item | Details |
|---|---|
| Founded | 2013 |
| HQ | Melbourne, Australia |
| Regulation | AUSTRAC registered |
| Listed Coins | 400+ |
| Fiat | AUD (BPAY, PayID, POLi) |
| Instant Buy Fee | 1% spread |
| Market Trade Fee | 0.1% maker / 0.1% taker |
| Ownership | 100% Australian-owned |
Key Features
400+ Listed Cryptocurrencies
CoinSpot's 400+ coin selection is among the widest available on any Australian exchange, covering Bitcoin, Ethereum, major altcoins, DeFi tokens, gaming assets, and emerging projects. This breadth makes CoinSpot the preferred Australian platform for investors seeking access to niche or newly listed tokens.
Instant Buy and Market Trading
CoinSpot offers two trading modes: Instant Buy (1% spread, immediate execution) for convenience-focused users, and Market Trading (0.1% fee, order book-based) for cost-sensitive active traders. This dual-mode approach caters to both casual and experienced investors.
BPAY Deposits
CoinSpot's support for BPAY — Australia's widely-used bill payment system — makes it one of the few exchanges where Australians can fund their accounts through standard banking bill payment flows, a uniquely Australian convenience.
Fee Structure
| Service | Fee |
|---|---|
| Instant buy/sell spread | 1% |
| Market trade (maker/taker) | 0.1% |
| AUD deposit via BPAY | Free |
| AUD deposit via PayID | Free |
| Crypto withdrawal | Network fee |
Pros & Cons
Pros
- Australia's oldest exchange (since 2013)
- 400+ coins — widest selection in Australia
- 100% Australian-owned
- BPAY deposit support
- 0.1% market trading fee
- Excellent customer service reputation
Cons
- 1% instant buy spread is high
- Interface dated compared to Swyftx
- No futures or derivatives
- Market trading requires separate order book familiarity
Summary
CoinSpot is Australia's most trusted and longest-running crypto exchange, offering the country's widest selection of 400+ coins with the convenience of BPAY deposits and the credibility of a 10+ year track record. While its 1% instant buy spread is high, the 0.1% market trading option provides competitive pricing for active traders. For Australian investors who prioritise coin variety, domestic ownership, and proven reliability above all else, CoinSpot remains a first-choice platform.