{"id":224997,"date":"2021-02-08T03:42:50","date_gmt":"2021-02-08T08:42:50","guid":{"rendered":"http:\/\/insidebitcoins.com\/?page_id=224997"},"modified":"2022-03-09T12:55:33","modified_gmt":"2022-03-09T12:55:33","slug":"coinspot-review","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/cryptocurrency-exchanges\/coinspot-review","title":{"rendered":"Coinspot Exchange Review – Fees, Pros, Cons and Features 2022"},"content":{"rendered":"
Pros:<\/strong><\/p>\n Cons:<\/strong><\/p>\n Coinspot is an Australian based exchange that allows users to buy and sell more than 100 different cryptocurrencies. Although the platform accepts real-world fiat deposits, this is only available to those based in Australia. If you’re a non-Australian resident, then you’ll be forced to fund your Bitcoin account<\/a>.<\/p>\n If you’re thinking about opening an account with Coinspot, we’d suggest you read our comprehensive review first. We’ll discuss everything from fees, supported coins, payment methods, security, regulation, and more.<\/p>\n \n <\/span><\/p>\n <\/a><\/p>\n Launched in 2013, Coinspot is a third-party cryptocurrency exchange based in Australia. The platform has an extensive range of supported coins, with more than 100 cryptocurrencies available to buy and sell.<\/p>\n This includes crypto-to-crypto trading pairs, as well as crypto-to-AUD.<\/p>\n The Coinspot platform is rather simple to use, with a clean and crisp interface. The main drawback to using Coinspot for your cryptocurrency needs is that the exchange only accepts fiat deposits and withdrawals from Australian residents. This means that you’ll need to deposit funds with cryptocurrency if you’re based elsewhere.<\/p>\n Coinspot works much in the same way as any other cryptocurrency exchange. The platform matches buyers and sellers, and charges trading fees for its efforts. When you first register an account with Coinspot, you’ll need to deposit some funds. Once your account is funded, you can then begin trading at Coinspot.<\/p>\n Some users like to use the platform for their day trading<\/a> needs, while others use it just to buy crypto. If you’re looking to use Coinspot for your long-term investment<\/a> needs, then you are best off withdrawing your coins to private Bitcoin wallets<\/a>.<\/p>\n Coinspot is also involved in the OTC (over-the-counter) space. This means that they can facilitate direct cryptocurrency trades for institutional investors. However, if you’re only trading small amounts, you won’t be able to use this facility.<\/p>\n\n
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On this Page:<\/h2>
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What is Coinspot?<\/h2>\n
How does Coinspot Work?<\/h2>\n
Best Cryptocurrency Exchange in May 2024<\/h2>\n