CoinSpot review: Features, fees and safety

CoinSpot review: Features, fees and safety

Rapid response time is also crucial for a cryptocurrency exchange, as investors may sometimes face urgent issues requiring immediate assistance. Short response times and the ability to speak directly to a support team member in real-time are undeniable advantages for CoinSpot users. For intermediate users, CoinSpot has advanced features to enhance their trading experience and accommodate their sophisticated needs. For example, the platform offers a variety of advanced trading orders coinspot review such as limit orders to make precise trades at the desired price.

CoinSpot Security

Like any Australian crypto exchange, Coinspot must verify your identity by law so have your documents ready. You’ll need to upload a government issued ID and to deposit more than $2,000 you’ll need to provide more info. When you open an account you’ll find 370+ cryptocurrencies as well as beginner and advanced features.

• For people who love the autonomy that comes with trading, this is highly exciting.
• It boasts an extensive selection of cryptocurrencies and cutting-edge functionalities designed for various levels of trading expertise.
• Their list of supported cryptos is constantly growing as new cryptocurrencies are regularly added to CoinSpot.
• Our team of experienced financial experts, analysts, and journalists work tirelessly to create content that not only informs but also inspires and supports you.
• You will probably find the interface familiar if you’re a seasoned trader because it is powered by TradingView.
• Performance information may have changed since the time of publication.

Coming Soon: New Cryptocurrency Projects On The Horizon

The platform is home to over 2.5 million Australian customers, owing to its low trading fee of 0.1%. This fee structure also applies to over-the-counter trades, making it the most affordable Australian Bitcoin exchange. Online CoinSpot reviews have been mostly positive, with many customers praising the platform’s simplicity in purchasing cryptocurrency. Our CoinSpot review found that CoinSpot offers a multi-coin wallet for storing, sending, and receiving digital assets.

Deposit Fees

To help with the process, Coinspot has an Earn rewards history section on its website, which you can access via the Order History menu of your account. To get started with CoinSpot OTC, you will need to first submit an OTC request after which the OTC team will send you an email with a quote. To get started with the Mastercard, log in to your account, activate the CoinSpot card, and finally select the wallet you wish to link to your card. Finally, select the bundle you wish to buy, enter the amount you wish to spend on the purchase, and confirm the transaction.

Once verified, you can deposit up to AUD $2,000 per day and access funds from the CoinSpot wallet. Coinspot will ask for an email address that must be verified before logging in. Once this process is complete, customers will be able to access the CoinSpot exchange for the first time, although they cannot deposit fiat currency until KYC verification is completed. Still learning features on coinspot so starting with 4 stars for now.PayID deposit processed quick.Instant buy rate of 1% commission is expensive but the commission at market is good.

• Furthermore, the platform offers an impressive selection of 370+ digital currencies with significant liquidity.
• James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
• Traders can deposit funds using one of six major channels or payment methods.
• Both the hots and cold wallets are protected with several security features.
• Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication.
• To ask a question simply log in via your email or create an account.

CoinSpot: How Secure Is the Platform?

Whether you’re interested in well-established coins or looking to explore emerging tokens, CoinSpot has got you covered. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.

You can now purchase NFTs directly from your CoinSpot account, utilising any cryptocurrency of your choice. Furthermore, if you wish to sell an NFT, you can also do so directly through CoinSpot. I personally tested this feature and found the buying and selling process to be exceptionally smooth and user-friendly, akin to acquiring cryptocurrencies from the exchange.

Buying Experience

Platform is easy to use and offers all features you would need from an exchange. Found their customer service to be prompt and happy with outcome when contacting them for support. Shout out to Ben as well.Great that they are AUS based and highly recommend to anyone looking to invest in crypto to use this platform. One of the most appreciated features among CoinSpot users is the ease of buying and selling. The inclusion of hotkeys on the dashboard enables quick and efficient transactions, with the current live price displayed alongside. Additionally, users can scroll down to view their coin portfolio, simplifying the process of tracking the performance of their personal investments.

Very easy to navigate the website and…

This way, CoinSpot can ensure it is indeed you before granting access to your account. Add an extra layer of security by enabling two-factor authentication (2FA). Nevertheless, it’s also simple even for newcomers to the cryptosphere and easy to learn both on desktop and mobile. All necessary tools are available within a few clicks and you can search for specific technical indicators if you have any problem. But that’s not all – CoinSpot Exchange provides a Mastercard debit card.