What is the CoinSpot trading fee?

CoinSpot has two products with different fees. Instant Buy/Sell charges 1% plus a spread that typically runs 0.5%–2%. CoinSpot Markets (the order book) charges 0.1% with no spread but limited liquidity on some altcoins. Most users default to Instant Buy without realising Markets exists.

How many coins does CoinSpot have?

As of May 2026, CoinSpot lists over 490 cryptocurrencies, including all major coins (BTC, ETH, SOL, XRP, ADA) and a wide selection of altcoins. CoinSwap supports over 9,000 trading pairs through direct coin-to-coin swaps.

How do I deposit AUD on CoinSpot?

CoinSpot accepts free, instant AUD deposits via PayID and bank transfer. BPAY is supported with a 0.9% fee. Cash deposits via Blueshyft are available with a fee. Card deposits incur a 2.5% fee.

CoinSpot Review Australia 2026 · Fees, Coins, Pros & Cons

Q: Is CoinSpot safe to use in Australia?

CoinSpot is registered with AUSTRAC as a Digital Currency Exchange, ISO 27001 certified, and publishes audited proof of reserves through Mazars. It uses 2FA, holds most customer funds in cold storage, and has operated since 2013 without a major security incident. It's one of the safer Australian options for spot crypto trading.

Q: Does CoinSpot report to the ATO?

Yes. CoinSpot reports user transaction data to the Australian Taxation Office under the Designated Service Provider regime. The platform provides downloadable tax reports that integrate with Koinly and CryptoTaxCalculator for EOFY filings.

Q: Is CoinSpot better than Swyftx?

It depends on your use case. CoinSpot has more coins (490+ vs 440+) and the lower 0.1% Markets fee for order-book trading. Swyftx has a more polished app, tighter spreads on Instant Buy, and a demo mode. Both are AUSTRAC registered. For beginners, CoinSpot's larger coin selection is the bigger draw. For active traders comfortable with order books, Markets at 0.1% is hard to beat.

The verdict in 30 seconds

CoinSpot is the safest default choice for most Australians buying crypto, especially beginners. It's AUSTRAC registered, ISO 27001 certified, and has a clean record since 2013. The 1% Instant Buy fee is high, but the 0.1% Markets fee is competitive with global exchanges. If you remember one thing: use Markets, not Instant Buy, and you'll save 90% on fees.

4.5 / 5

Visit CoinSpot →

What is CoinSpot?

CoinSpot is an Australian cryptocurrency exchange founded in 2013 by Russell Wilson. Headquartered in Melbourne, it has grown to become the country's largest exchange by user count, with around 3 million Australian customers as of 2026. CoinSpot is operated by Casey Block Services Pty Ltd, registered with AUSTRAC as a Digital Currency Exchange (DCE) provider.

The platform's positioning is straightforward: easy entry into crypto for everyday Australians. Its main product, Instant Buy/Sell, lets you buy any of 490+ coins with a single tap. Its secondary product, CoinSpot Markets, offers order-book trading with much lower fees but limited liquidity.

CoinSpot dashboard showing portfolio, watchlist and buy/sell shortcuts — The CoinSpot dashboard — portfolio view

CoinSpot fees explained

This is the most important section of any CoinSpot review, because the platform runs two parallel products with wildly different costs. Most users don't realise this and overpay.

Instant Buy / Sell — 1% (plus spread)

The default flow. You open the app, tap a coin, choose AUD amount, confirm. CoinSpot charges a flat 1% trading fee, and a variable spread baked into the quoted price. The spread on major coins like BTC and ETH is typically 0.5–1%. On smaller altcoins it can reach 2% or more during volatile markets.

Real-world cost: on a $5,000 buy of Bitcoin, you'd pay $50 in trading fee plus another $25–$50 in spread — call it 1.5% all-in, or roughly $75.

CoinSpot Markets — 0.1%

A hidden gem buried in the navigation. Markets is a real order book — you place a limit or market order at a price you choose, and the system matches you against other CoinSpot users. The fee is a flat 0.1%, with no spread.

Same $5,000 BTC buy via Markets: $5 in fees. Vs $75 via Instant. That's the 10× gap.

The catch: Markets isn't available for every coin, and on smaller altcoins the order book can be thin (one industry analysis found only ~0.5 BTC available near the spot price on a busy trading day). For BTC, ETH, SOL, XRP, and other top coins, liquidity is fine.

CoinSwap — 1%

Direct coin-to-coin trading. CoinSpot supports 9,000+ trading pairs through this feature. Fee is 1% per swap. Convenient, but you're paying twice if you swap A → B intending to later convert B → AUD.

Other fees

Item	Cost	Notes
AUD deposit (PayID)	Free, instant	Recommended method
AUD deposit (bank transfer)	Free	1–2 business days
AUD deposit (BPAY)	0.9%	1–3 business days
AUD deposit (card)	2.5%	Instant but expensive
AUD deposit (cash via Blueshyft)	2.5%	At Newsagents
AUD withdrawal	Free	1–2 business days
Crypto withdrawal	Network fee	Varies by coin
OTC Desk	0.1%	For trades typically over $50,000

CoinSpot fee schedule showing trading fees for Markets and Instant Buy — CoinSpot's fee schedule — May 2026

Coins supported

As of May 2026, CoinSpot lists 490+ cryptocurrencies. That includes the obvious top-20 holdings (BTC, ETH, SOL, XRP, BNB, ADA, DOGE, AVAX, LINK, DOT) and a long tail of mid-cap and small-cap altcoins. Through CoinSwap, you get access to 9,000+ trading pairs.

What's notably available:

All major Layer-1s and Layer-2s
Memecoins (DOGE, SHIB, PEPE, WIF, BONK)
Stablecoins (USDT, USDC, DAI)
Staking-as-a-Service for ETH, SOL, ADA, DOT, and others

What's missing or limited:

Derivatives, futures, margin — CoinSpot is spot-only
Some brand-new launches take days/weeks to list
Privacy coins (Monero, Zcash) — delisted following AUSTRAC pressure

Security & trust

This is where CoinSpot earns its #1 ranking. Few Australian exchanges have a stronger compliance posture.

AUSTRAC registered as a Digital Currency Exchange provider since 2018.
ISO 27001 certified — the international standard for information security management. Independently audited.
Proof of reserves audited by Mazars, an independent global accountancy firm. CoinSpot is one of the few Australian exchanges with a recurring third-party reserves audit.
Cold storage for the majority of customer funds. Hot wallets are insured.
2FA mandatory for all withdrawals. Authenticator app required, no SMS.
No major security incident since launch in 2013.

The KYC process is strict — photo ID, selfie verification, and proof of address are required. This is friction, but it's what AUSTRAC requires and what keeps the platform compliant.

User experience

The CoinSpot app holds 4.8/5 on the App Store across 44,000+ ratings, and 4.7/5 on Google Play across 18,000+ ratings — among the highest-rated crypto apps in Australia. The web platform is functional but less polished than Swyftx's.

Onboarding takes 15–30 minutes for most users, with verification typically completed same-day. Bank account linking is fast via PayID.

The main UX issue, repeated throughout this review: the default tap path leads to Instant Buy at 1%, not Markets at 0.1%. If CoinSpot fixed this single design choice — making Markets the default for major coins — its score would jump from 4.5 to 5.

CoinSpot Markets vs Instant Buy comparison showing fee difference — Markets (0.1%) vs Instant Buy (1% + spread) — same trade, very different cost

Tax reporting (ATO)

CoinSpot shares transaction data with the ATO under the Designated Service Provider regime. You can't hide CoinSpot trades from the ATO — they have the data.

The flip side is convenience. CoinSpot provides an EOFY tax statement that's downloadable in CSV format. It integrates cleanly with:

Koinly — direct API connection, no manual CSV upload needed
CryptoTaxCalculator — API integration available
Crypto Tax Australia — CSV import supported

If you trade casually, the platform's own statement is enough for your accountant. If you trade actively across multiple exchanges, route everything through Koinly.

Customer support

Support is one of CoinSpot's understated strengths. Available channels:

24/7 live chat — typically responds within 5–10 minutes
Email support — first response usually within 24 hours
Help centre with searchable articles
Australian-based team — not offshore

For a platform with 3 million users, that response time is unusually good. We've tested support with detailed product questions multiple times and consistently received accurate answers from staff who clearly understood the platform.

Pros & cons

Pros

Largest Australian exchange by user count (3M+ users)
490+ coins, 9,000+ pairs via CoinSwap
Markets fee at 0.1% is among Australia's lowest
AUSTRAC registered + ISO 27001 + Mazars-audited reserves
24/7 Australian-based live chat support
Free PayID and bank transfer deposits
Clean security record since 2013
Clean integration with Koinly and CryptoTaxCalculator
SMSF accounts supported

Cons

1% Instant Buy fee is high (and is the default)
Instant Buy spread adds another 0.5–2% on top
Markets has thin liquidity on small-cap altcoins
No futures, margin, or derivatives
No native staking on some major coins
Web UI feels dated next to Swyftx's app
BPAY deposits charge 0.9% (most competitors are free)

How CoinSpot compares

Feature	CoinSpot	Swyftx	Independent Reserve
Best fee (active traders)	0.1% (Markets)	0.1% (top tier)	0.02% (top tier)
Default fee (casual users)	1% + spread	0.6% + spread	0.5%
Coins supported	490+	440+	44+
PayID deposits	Free, instant	Free, instant	Free, instant
App rating (iOS)	4.8/5	4.7/5	4.3/5
SMSF supported	Yes	Yes	Yes
Best for	Beginners, altcoin variety	Mobile-first traders	Active traders, SMSFs

Who should use CoinSpot?

CoinSpot is a great choice if you:

Are new to crypto and want the simplest path into the market
Want access to a wide variety of altcoins from one platform
Are happy to learn the Markets interface to save 90% on fees
Run an SMSF and want a compliant Australian platform
Value Australian-based customer support

CoinSpot might not suit you if you:

Trade derivatives, futures, or margin — CoinSpot is spot only
Trade very high volumes — Independent Reserve's 0.02% is cheaper
Need only major coins — you'd save fees on a simpler platform
Want the most polished mobile app — Swyftx wins there

Frequently asked questions

Is CoinSpot safe to use in Australia?

Yes. CoinSpot is AUSTRAC registered, ISO 27001 certified, and publishes audited proof-of-reserves through Mazars. It has operated since 2013 with no major security incident. For long-term holdings, we still recommend a hardware wallet (Ledger or Trezor) — exchanges are for trading, not storage.

What is the cheapest way to buy crypto on CoinSpot?

Use CoinSpot Markets, not Instant Buy. Markets charges 0.1% with no spread. Instant Buy charges 1% plus a 0.5–2% spread. On a $5,000 trade, that's the difference between paying $5 and paying $75+.

Does CoinSpot report to the ATO?

Yes. Under the Designated Service Provider regime, CoinSpot reports user transaction data to the Australian Taxation Office. You'll receive a downloadable EOFY tax statement, and the platform integrates directly with Koinly and CryptoTaxCalculator.

How long does CoinSpot verification take?

Most accounts are verified within an hour. You'll need a photo ID (passport or driver's licence), a selfie holding the ID, and proof of address. The process is fully digital.

Can I use CoinSpot for an SMSF?

Yes. CoinSpot supports SMSF accounts with the same verification process plus additional documentation for the trust structure. Independent Reserve is also widely used for SMSFs and has slightly cleaner SMSF onboarding for accountants — but CoinSpot's larger coin selection is a meaningful advantage.

Does CoinSpot have a debit card?

Yes — the CoinSpot Mastercard launched in 2024. It works at any merchant accepting Mastercard with automatic crypto-to-AUD conversion at checkout. CoinJar's card has been around longer and has a more mature feature set, but CoinSpot's card is a solid option if you already use the platform.

Is CoinSpot better than Swyftx?

They're close. CoinSpot wins on coin selection (490+ vs 440+), Markets fee (0.1% beats Swyftx's lowest tier at 0.1% only at very high volume), and security audits. Swyftx wins on app polish, default-tier fees (0.6% vs 1%), and demo mode for beginners. For most people, either platform is a defensible choice.

CoinSpot Review 2026