CoinSpot is an Australian cryptocurrency exchange platform that allows users to buy, sell, and trade various digital currencies. The platform typically offers a range of cryptocurrencies and provides wallet services for storing digital assets. CoinSpot generally caters to both beginner and experienced cryptocurrency traders through its web-based interface.
Reviewers consistently report positive experiences with CoinSpot. Customers often highlight easy, great, easy use, coinspot.
A minority mention drawbacks around coinspot, account, money, wallet. Overall sentiment is strongly positive with an average rating of 4.0 stars across 60 reviews.
Summary generated with AI from recent reviews
Each source counts by its number of reviews. Only reviews written by people are scored.
| Source | Rating | Reviews | Weight | 6-mo | Fake risk |
|---|---|---|---|---|---|
Trustpilot Imported Trustpilot reviews | 4.0 | 60 | 100% | ● Medium |
Monthly average rating from reviews written by people · latest review Sep 2025.
| Month | Average | Reviews |
|---|---|---|
| Jul 25 | 4.8 | 21 |
| Aug 25 | 2.5 | 12 |
| Sep 25 | 4.1 | 27 |
Share of positive (4–5★) and negative (1–2★) reviews mentioning each topic · based on the 60 most recent reviews.
“I’ve never used cryptocurrency before and this app made everything so simple and easy to navigate”
“I told them it was none of thier business so they suspended my account for any future forward transfers”
Same method for every company: overall rating, legitimacy checks, the average rating of reviews mentioning each area and the 6-month trend · Web3 & Cryptocurrency.
| Company | Overall | Legit | Website & app | Service | Value | Trend | Reviews |
|---|---|---|---|---|---|---|---|
| 4.0 out of 5 (good) | 100 out of 100 | 4.3 out of 5 (good) | 3.6 out of 5 (good) | 3.7 out of 5 (good) | — | 60 |
| 1.5 out of 5 (poor) | 100 out of 100 | 1.8 out of 5 (poor) | 1.2 out of 5 (poor) | 1.7 out of 5 (poor) | — | 62 | |
| 4.6 out of 5 (good) | 100 out of 100 | 4.3 out of 5 (good) | 4.3 out of 5 (good) | — | — | 25 | |
| 3.4 out of 5 (fair) | 100 out of 100 | — | — | — | — | 20 | |
| 5.0 out of 5 (good) | 33 out of 100 | — | — | — | — | 6 |
Bottom line: CoinSpot is #3 of 5 on overall rating in this group. On service, Kolo scores higher (4.3 vs 3.6).
60 reviews of CoinSpot. Filter by what matters to you.
Over a year ago
Oh, the spam... the spam..... Never signed up for their email, yet keep receiving them. Unfortunately, Outlook's 'block sender' function is absolutely worthless...
Over a year ago
Tried to send a smallish amount from my Coinspot Bitcoin wallet to another Bitcoin wallet and was contacted requesting more information on the destination. I told them it was none of thier business s... See more
Quick answers to the questions people ask most.
CoinSpot is an Australian cryptocurrency exchange platform that allows users to buy, sell, and trade over 400 different cryptocurrencies. We offer instant buy/sell services, advanced trading features, a mobile app, and secure wallet storage for digital assets.
To verify your account, you'll need to provide a valid government-issued photo ID and proof of address dated within the last 3 months. The verification process typically takes 1-2 business days and is required to increase your trading limits and access all features.
CoinSpot charges a 1% fee for instant buy/sell transactions and 0.1% for trades placed on our exchange markets. There are no fees for AUD deposits via POLi or bank transfer, though withdrawal fees may apply depending on the cryptocurrency.
Most cryptocurrency withdrawals are processed within 1-24 hours, depending on network congestion and the specific cryptocurrency. Bitcoin and Ethereum withdrawals typically take 30 minutes to 2 hours, while other altcoins may vary.
Yes, CoinSpot is registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) as a Digital Currency Exchange provider. We use industry-standard security measures including cold storage for funds, two-factor authentication, and SSL encryption.
We accept AUD bank transfers, POLi payments, and BPAY for deposits. You can also deposit supported cryptocurrencies directly to your CoinSpot wallet addresses.
You can contact our support team through the help center on our website, by submitting a support ticket, or via email. Our support team typically responds within 24-48 hours during business days.
Anyone can write a CrowdTrust review. People who write reviews have ownership to edit or delete them at any time, and they'll be displayed as long as an account is active.
Oh, the spam... the spam..... Never signed up for their email, yet keep receiving them. Unfortunately, Outlook's 'block sender' function is absolutely worthless...
DO NOT USE COINSPOT. If you want to make a large transfer they will shut down your transfer and ask you personal questions about what you're doing with your own money which is no one else's business besides the individual customer. Use Caleb and brown instead
Tried to send a smallish amount from my Coinspot Bitcoin wallet to another Bitcoin wallet and was contacted requesting more information on the destination. I told them it was none of thier business so they suspended my account for any future forward transfers. It seems they are happy to let you use thier platform but as soon as they smell that you want to use another they become just like another Aussie bank! What a joke. For info it was under $1K US. Fair to say I no longer hold any funds with these idiots.
Disliked no freebies
I’ve never used cryptocurrency before and this app made everything so simple and easy to navigate
Wow wish knew about this a long time ago thank you
Love it great a st and easy app ro ide
Intuitive app, easy to navigate. Easy to get signed up and start investing. Thanks CoinSpot
- Very eary UI to use and transfers were very seamless making it straightforward unlike other apps now Coinspot is my main Crypto wallet.
Such an easy platform to manage, well done guys so much better than the others!!
First steps into crypto and had a phone call within seconds to verify all good with a nice welcoming chat. Great service.
Very easy to set up, use and purchase/sell. Highly recommend.
Am 1 week new on it. Frustrating to navigate as am used to plus500 app. Watching multiple yt videos to try to understand what crypto trading is all about. Candle charts i kind of get, hard to navigate for beginners.
So far so good, CoinSpot was easy to sign up and is user friendly for first timers
Super excited to start investing. This new to me and off course overwhelming as I have no idea in regards to cryptocurrency
Great program and easy to operate. Super fast transactions and great customer service.
Unverified accounts have a $2,000 AUD limit, while verified accounts can trade up to $5,000 daily initially. Higher limits are available upon request and additional verification for established users.
Yes, CoinSpot offers free mobile apps for both iOS and Android devices. The app provides full trading functionality, portfolio tracking, price alerts, and secure access to your account on the go.
Yes, CoinSpot offers a recurring buy feature that allows you to automatically purchase your chosen cryptocurrencies at regular intervals. You can set up daily, weekly, or monthly recurring purchases through your account dashboard.
CoinSpot is an Australian cryptocurrency exchange platform that allows users to buy, sell, and trade various digital currencies. The platform typically offers a range of cryptocurrencies and provides wallet services for storing digital assets. CoinSpot generally caters to both beginner and experienced cryptocurrency traders through its web-based interface.
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