The Melbourne based Australian Cryptocurrency exchange Coinspot is acts a secure and safe platform to purchase and sell cryptocurrencies. It is also regarded among the best exchanges for cryptocurrencies in Australia. Users can make purchase and sale of Bitcoins at an instant and trade open market for speculation and making prospective profits.
Is coinspot a good cryptocurrency exchange. Before the introduction of CoinSpot, purchase and sale of cryptocurrency involved many hassles, mainly with trading other currencies besides Bitcoin, such as Monero, Ripple or lots of other coins. It is because a lot of Australian exchanges for cryptocurrencies only provide a few coins like (Litecoin, Ethereum, Bitcoin, etc)
It only worked if you bought Bitcoin and then transferred it to other exchanges (such as Bittrex or Binance), then trade that Bitcoin for the intended coin. Also for cashing out, you would have to follow the reverse process for the same, hoping that everything was like it was in transfers.
This entire process got transformed through CoinSpot as they allow you to purchase more than 100 coins through AUD, and let you trade among them. This feature makes it the most accessible cryptocurrency exchange platform of Australia. Currently CoinSpot is the leading exchange for trading Cryptocurrencies in Australia!
Services and Features
CoinSpot is among the first cryptocurrency and Bitcoin exchanges of the country which introduced expansion to the core offering for including different platform features like:
- Quick cryptocurrency purchase and sale in only a matter of minutes
- Various exchange platforms with different TradingView charts present with advanced types of orders
- Diverse fiat deposit options range such as PayID, BPAY, POLi payments and cash.
- Over-the-Counter support for Super Fund investments in Australia
- Highest grade security features for minimizing chances of account theft.
- Investors get 2-Factor Authentication feature for maximum protection of your account.
- Affiliate program rewarding around 30% commissions for the referred users.
- Industry leading processes for security with ISO Accreditation for advanced security
Is it safe to Invest through CoinSpot?
The CoinSpot cryptocurrency exchange complies with the stringent new CTF/AML laws of Australia enforced through AUSTRAC for ensuring user account safety. The currency exchange also features security measures similar to a bank for maintaining secrecy about vital information like customer details and fund information. Similar to various other exchanges, the CoinSpot makes use of two-factor authentication which also requires mobile phone code for accessing platform and is presently bench-mark of security for many exchanges worldwide.
Is CoinSpot Crypto exchange Trustworthy?
The CoinSpot has earned the reputation of being a genuine and trustworthy exchange that hasn’t been prone to hacking since it was founded in the year 2013. Also Coinspot is Australia’s first cryptocurrency platform that received internationally recognized ISO 27001 certification because of its information security. It means you have a low risk with the personal information getting stored on exchange for complying with requirements of KYC to get compromised.
The legitimacy of CoinSpot can be identified through its licensing under the Casey Block Services Pty Ltd ABN 19 619 574 186, and it trades as CoinSpot. The cryptocurrency regulation takes place through Australia’s governed financial sector for ensuring right conduct and operations from the money of investors. Thus, we can conclude that making your trades through CoinSpot crypto exchange is reliable and doesn’t involve a lot of risks.