● Beginner Crypto Basics

CoinSpot 101

10 minutes a year ago

Welcome to CoinSpot, Australia's leading cryptocurrency exchange where our customers can easily buy, sell, and trade a variety of digital assets. With a user-friendly interface and a wide range of supported currencies, CoinSpot makes it easy for both new and experienced traders to navigate the world of cryptocurrency. In this CoinSpot 101 article, we will provide a brief overview of the platform, including its features and benefits, to help you get started on your trading journey.


In crypto, there are many references made to underwater sea creatures. So if you see any fish related slang being used, don’t worry, you haven’t walked into a Seaworld forum, you’re exactly where you’re supposed to be.

At CoinSpot, the protection of our users' and their assets is our top priority. That's why we have implemented a number of measures to ensure that our platform is as secure as possible.

First and foremost, two-factor authentication (2FA) is available for all of our customers. This added layer of security ensures that only authorized individuals are able to access their accounts and perform trades.

On top of that, we have also instituted geo-locking capabilities. This allows customers to restrict access to their account. Once initiated, the account can only be accessed from certain geographic locations, specifically Australia, providing an additional level of security. As well as 2FA and geo-locking, customers have the ability to manually disable withdrawals, so that they can have full control over their assets.

Additionally, CoinSpot is fully compliant with the ISO 27001 certification for information security. This certification sets the standard for information security globally and outlines a comprehensive set of best practices for managing sensitive information and ensuring that it is protected from unauthorized access, use, disclosure, disruption, modification, or destruction. By achieving this certification, we have demonstrated that we have implemented robust policies and procedures to protect the sensitive information of all CoinSpot customers. When trading with CoinSpot you can rest assured that we are always working to keep your information and assets safe.

We also conduct regular security audits to ensure that our systems are secure and up-to-date. These audits are performed by independent security experts, who provide a detailed report of any vulnerabilities that they identify, along with recommendations for how to address them. By continuously monitoring and improving our security practices, we are able to provide our users with the peace of mind that comes with knowing that their assets are safe and secure.

CoinSpot takes the security of the platform very seriously. We have implemented a number of measures to ensure that our users' assets and information are safe and secure, including 2FA, geo-locking, the ability to manually disable your withdrawals, and our ISO 27001 certification for information security. We are, and will remain committed to providing our customers with the best possible experience and the peace of mind that comes with knowing that their assets are safe and secure.

Withdrawals and Deposits:

We also understand the importance of hassle-free deposit and withdrawal options for customers. That is why we offer a wide range of deposit methods to suit the needs of any type of trader.

Our platform supports PayID, BPAY, Direct Deposits, Cash Deposits and Card Deposits, making it easy for users to fund their accounts and start trading.

For those who prefer to use BPAY, there is a 0.9% fee. Cash Deposits have a 2.5% fee, while Card Deposits will incur a 2.58% fee. However, we offer a number of zero fee options for those who prefer to use PayID or Direct Deposits.

Withdrawals are also quick and easy. You can withdraw your funds at any time, and the process is simple and straightforward. The first withdrawal may take up to one business day, after this you can look forward to near instant AUD withdrawals directly to your bank account.

At CoinSpot we understand that the ability to easily deposit and withdraw funds is essential for any trader, and we strive to make the process as seamless as possible. With a variety of deposit methods, we think we are the perfect platform for anyone looking to invest in cryptocurrency.

If you have any questions or concerns, our dedicated customer support team is always available to assist you. We are committed to providing our users with the best possible experience and peace of mind that comes with knowing that their assets are safe and secure.

Customer Service:

We know that for those new to cryptocurrency, the initial step can be harrowing. That's why we have made sure that our customer support team is world class, providing our users with a premium customer service experience.

We offer a 24/7 customer support service, so customers can reach out to us at any time, either via live chat or email. Whether you have a question about how to use our platform or need help with a specific issue, our team is always available to assist you.

In addition to our 24/7 customer support service, we also offer a "request a call" feature. This allows CoinSpot customers to organise a time to talk to one of our helpful customer support representatives over the phone about any issues they may be having. Our hope is that this accessibility to expert help will encourage CoinSpot customers to take that first step into their cryptocurrency journey.

Additionally, we have an extensive library of help articles that cover a wide range of CoinSpot related topics. These articles are designed to help you navigate the platform and answer any questions, as well as providing some valuable information to help you use the CoinSpot platform to its fullest potential.

Here at CoinSpot, we are committed to providing our users with the best possible experience. Our customer support team is dedicated to helping you with any issues or concerns you may have. We are always here to guide you through your crypto journey, and to make sure that you have a smooth and enjoyable experience.

Trust and History:

Trust and a proven track record are vital factors in selecting a cryptocurrency exchange platform. That's why we are proud to be the largest and one of the longest operating cryptocurrency exchanges in Australia, established in 2013.

Not only do we have a long history, but we also take the security of our users' assets very seriously. We completed an external financial report audit for the 2022 financial year to ensure that our customers' funds were safe and held at 1:1. The audit was conducted by an independent agency, with CoinSpot receiving an unqualified audit opinion, the highest possible level of assurance.

This means that our customers can rest assured that their funds are safe and secure when they use CoinSpot. We have a proven track record of providing a secure and reliable platform for trading cryptocurrency.

We are committed to providing our users with the best possible experience, our history and unqualified audit opinion are just a few examples of how we strive to earn and maintain your trust. We are proud of the platform we have built and the reputation we have earned over the years, and we will continue to work hard to ensure that CoinSpot is the best choice for all your cryptocurrency trading requirements.


We are dedicated to offering a comprehensive and user-friendly trading experience to all CoinSpot customers, whether it's your first time trading or you're a crypto veteran. That's why we have developed a number of useful features that make trading on our platform easy and straight-forward.

One of the most popular features is the ability to instantly buy and sell any cryptocurrency on the platform. This allows our customers to quickly and easily take advantage of market fluctuations, without having to wait for funds to clear or for trades to execute.

In addition to this, we have developed a user-friendly mobile app that makes it easy for customers to access their accounts and perform trades on-the-go. This app is available for both iOS and Android devices, and is designed to be as intuitive and accessible as possible. On the application you can take advantage of all the most important features of the desktop platform, some examples being advanced orders and our world first NFT marketplace.

Another great feature recently added to CoinSpot is the ability to earn an APY return on certain coins. This allows CoinSpot customers to earn interest on their crypto holdings, similar to a savings account. We also have an in-platform NFT marketplace that allows customers to purchase NFTs using any token listed on CoinSpot, which is not a feature available on any other platform in the world.

Bundles are an example of another unique feature. These are a group of similar coins that can be bought in one purchase, splitting the AUD evenly among all the coins in the bundle. This simplifies the process of investing in multiple coins and also reduces the volatility of the individual coins.

CoinSpot also has a generous referral and affiliate program for all those who want to get their friends involved in the crypto world. By referring friends to CoinSpot, you can earn a commission on their trading fees, and help them get started on their own crypto journey.

In conclusion, CoinSpot has a wide range of features that are designed to make trading easy, convenient and profitable for our users. From our instant buy and sell feature to our user-friendly mobile app, CoinSpot has it all. Try CoinSpot today and see the difference for yourself!

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