Coinstash is an AUSTRAC registered crypto exchange based in Australia. Through its live support 7 days a week, Coinstash has accumulated numerous positive reviews from its customers. Coinstash is also one of the only digital currency trading platforms that have participated in the Australian government Austrade’s landing pad program.
Coinstash was founded in 2017, and they have been focusing on providing a simple and convenient experience to their users since then. They also focus quite a lot on customer service and live support to help traders and investors solve their problems. Coinstash offers over 300 cryptocurrencies, the platform has several features, including an educational portal where beginners can learn how to gather and manage their crypto holdings.
The founders behind Coinstash Ting Wang and Mena Theodorou recently completed a $2.8 million crowdfunding raise in an effort to continue to scale their product.
Over 350+ cryptocurrencies available
Recurring buys
Excellent customer support via live chat
AUSTRAC Registered
Intuitive user-interface
Mobile App
Staking available on several cryptocurrencies
No crypto-to-crypto exchanges
Limited AUD deposit options
Account registration and verification process steps as below
Visit WebsiteStep II - Click on SIGNUP.
Step III - Fill your detalis in to create an account.
Step IV - Once you fill in your details and click on Next, you will be presented with dashboard as below.
Step V - Click on Verify ID.
Step VI - Click on Start Verification.
Step VII -Verify your identity as below.
Step VIII - Congratulations!! you are now done with verifying ID.
Step IX - To receive free $10 BTC you just need to verify photo (Tier2 verification).
Step X - You can now deposit AUD to buy your favourite crypto.
Coinstash wallet is a simple, clean and easy to navigate. Left side shows the Crypto live price in AUD. Right side allows users to buy and sell their Crypto.
If you are buying or selling against AUD, this can also be selected. As you choose the amount of the selected cryptocurrency you want to trade, the wallet will display the amount required in AUD for the purchase. Simply click buy and pay with the payment mode of your choice.
Coinstash Earn is a way of rewarding you for your cryptocurrency holding on the Coinstash platform, enabling you to earn a rate of return on cryptocurrency. Coinstash Earn is an Australian solution to earn extra yield on crypto in the form of STASH, which can be redeemed for more crypto, trade fees, or to purchase exclusive merchandise from the Coinstash Rewards Store.
Not all cryptocurrencies can be staked hence Coinstash Earn allows you to earn a yield on crypto that cannot be staked, such as Bitcoin, USDC and more importantly, on an AUD-backed stablecoin.
More importantly Coinstash has partnered with TAU Pty Ltd to bring the Australian dollar stablecoin XAUD to the platform. Convert your AUD to XAUD and earn up to 6.03% p.a.* on your XAUD.
The STASH you earn on your crypto can be redeemed on the Coinstash platform for rewards such as Cryptocurrency, a range of physical goods (including Coinstash exclusive merchandise), or to reduce your trade fees on Coinstash. More rewards and redemption options will also become available soon.
Visit CoinstashCoinstash charting interface is smooth, intuitive and clean. Active traders will be able to use advanced trading tools provided by the TradingView charts to maximise profits and minise risk. The TradingView charts offer a wide range of time frames and are available against AUD and BTC pairs.
Coinstash has several Bundles that make it easier for users to diversify their crypto assets across a range of coins. There's a bundle for DeFi Coins, another for Meme Coins, and one for Metaverse tokens, rather than having to research what each coin is for, you can simply buy the whole bundle. When you buy a Bundle of coins, your money is spread across various different cryptocurrencies, saving you time as you don't need to purchase each one individually.
Coinstash only accepts AUD deposits by bank transfer and PayID which is free of charge. Withdrawing AUD to your bank account is also free. The fees to trade on Coinstash are very competitive at 0.85% per transaction using their instant buy feature.
Coinstash is registered with AUSTRAC and treats security as the highest priority. Firstly, the platform uses SSO encryption as the base layer of security that is a highly regarded safety method in the industry and has been known to protect the data well in the past. Since their establishment in 2017, they have never encountered any security breach where customers' assets were at risk.
Apart from this, there is also a 2FA authentication method for security and confirmation. These safety mechanisms are a few steps ahead of some of the older platforms that are still using obsolete security mechanisms.
Year Founded - Coinstash was founded in 2017, making it one of Australia's earliest cryptocurrency exchanges. Coinstash operate out of Brisbane, Australia under the entity name TWMT Pty Ltd (ABN 76 621 581 584).
Regulation - Coinstash a secure cryptocurrency exchange that is licensed by the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Safety features - Coinstash utilises a 2-factor authentication (2FA) system requiring users to sign off on transactions through their smartphones. This provides an extra layer of security against computer viruses or attempts to hack your account.
Coinstash is one of the best platforms to use for trading digital currency or managing their holdings of crypto assets. Coinstash have been developed with Australians in mind. Many of the features, such as the supported payment methods, default currency, and customer approval, are heavily focused on Australia.
Overall, Coinstash is a top choice for buying, selling, or trading Bitcoin and other Crypto for AUD. Cheap rates and a splendidly simple interface is a bonous.
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We compare the most popular crypto currency exchanges in Australia. We are Bitcoin Users and Traders like you. We have traded personally on each and every exchange mentioned here. We don't sell bitcoin and are not an exchange. We just make it easy for you to find a bitcoin exchange and buy bitcoin and other altcoin in Australia.
The exchange selected show our opinion only and cryptoreview.com.au is not responsible for any losses that may happen by trading on these trading platforms.