CoinSpot Exchange Review

We all very well know that CoinSpot is Australia’s earliest and now the most popular cryptocurrency exchange. And it lets you buy more than 100 cryptocurrencies including BitCoin and many more. It has even left vicious competitors like Bianace behind it.

CoinSpot Exchange didn’t become Australia’s biggest cryptocurrency exchange all in vain but it comes with an enormous mass of amazing facets and some of its attributes are listed below so that you can deeply go through them and decide for yourself that how much of a blessing CoinSpot actually is.

FEES:

You can easily buy and sell a wide range of digital currencies with fees as low as just 0.1% and truth be told that’s close to nothing. To be very specific, for BTC, XRP, LTC, DOGE, ETH, NEO, POWER, GAS only the fees is just 0.1% while for instant buy it is 1%.

Another major advantage of CoinSpot not just according to us but by a huge chunk of the audience is that that feature low and no fee deposits and withdrawals.

COINSWAP:

They have this unique CoinSwap feature and it allows the user to buy directly in AUD. Also, you are enabled to swap any of your coins with any other coin listed on CoinSpot using their CoinSwap feature.

FRIENDLY INTERFACE:

Not just that but it also enables you to trade confidently with their friendly local support team which is there to help every step of the way, and everyone is quite well aware of the fact how much of a big role a friendly interface plays in the success of a platform. It is deliberately designed to be easy and accessible for both beginners and experienced cryptocurrency enthusiasts

FIAT EXCHANGE:

Another big plus of CoinSpot is that, other than crypto-to-crypto exchange it also allows Fiat exchange, which even the biggest rival Finance doesn’t hold. And based on your trading needs, Fiat currency is mostly a priority and that’s when CoinSpot would serve as your biggest buddy.

SAFE TO USE:

CoinSpot is a massively safe forum for you to operate and it does a thorough verification before doing business with you. This means you would have to provide and verify your email address and phone number, as well as uploading a photo of your ID, a photo of yourself holding a signed statement and proof of your address. These strict Know Your Customer (KYC) processes help CoinSpot offer quick transfers and high limits.

Also, it was formed under Australian Business Number which means it is a member of the Australian Digital Commerce Association and complies with Australia’s latest Anti-Money Laundering and Counter-Terrorist Financing laws.

If you are still concerned about its safety features then let us further assure you that CoinSpot utilizes a 2-factor authentication (2FA) system that requires the users to sign off on transactions through their smartphones. Hence an extra layer of security against computer viruses or attempts to hack your account is provided. CoinSpot also provides a series of tips for users to help keep funds safe.

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