CoinSpot is an Australian cryptocurrency exchange founded in 2013, making it one of the oldest and most established platforms in the country. Headquartered in Melbourne, it's fully owned and operated by Australians and registered with AUSTRAC (Australia's financial intelligence agency).
With over 2.5 million registered users and 420+ cryptocurrencies available, CoinSpot has become the go-to starting point for most Australian crypto investors. It supports instant AUD deposits via PayID, bank transfer, BPAY, credit card, and even cash via POLi.
Understanding fees is crucial. CoinSpot has two modes — instant buy/sell (higher fee) and market orders (lower fee via the order book).
| Action | Fee | Notes |
|---|---|---|
| Instant Buy/Sell | 1% | Most common method for beginners |
| Market Order | 0.1% | Via the order book — cheaper |
| PayID Deposit | Free | Instant, recommended |
| Credit/Debit Card | 0.9% | Plus possible card fees |
| BPAY Deposit | Free | 1–2 business days |
| AUD Withdrawal | Free | Bank transfer, 1–2 days |
| Crypto Withdrawal | Network fee | Varies by coin |
Tip: Use PayID to deposit and always use the Order Book tab instead of Instant Buy to save 0.9% per trade.
CoinSpot is one of Australia's most trusted exchanges with multiple security certifications:
Use the button below to get your $10 BTC bonus automatically applied. You won't get this going direct.
Enter your email, create a strong password, and verify your email address.
Upload your driver's licence or passport. Usually approved within minutes, sometimes up to 24 hours.
Go to Settings → Security and turn on Google Authenticator. This is mandatory anyway and protects your account.
PayID is instant and free. Use your bank app to pay to CoinSpot's BSB/account number. Funds appear immediately.
Search "BTC", enter your AUD amount, and confirm. Your $10 bonus will appear in your account automatically.
CoinSpot is the best starting point for most Australians entering crypto. Its unmatched coin selection, trusted local reputation, and dead-simple interface outweigh the slightly higher instant-buy fees. For frequent traders, consider using the Order Book to keep fees at 0.1%. For SMSF or advanced trading, look at Independent Reserve or Swyftx respectively. But for most people? Start here.