At a glance
- Instant Buy / Sell / Swap
- 1% trading fee
- Markets orders
- 0.1% trading fee
- PayID / direct deposit
- $0 CoinSpot deposit fee
- AUD bank withdrawal
- $0 CoinSpot withdrawal fee
The Markets rate applies to available market pairs, not every coin or order type.
What stands out
- A choice between quoted instant trades and an order book for available market pairs.
- AUD funding through PayID and direct deposit without a CoinSpot deposit fee.
- Account controls include two-factor authentication and withdrawal restrictions.
- AUSTRAC registration since 2018, an AFSL with a non-cash payments authorisation, and SMSF accounts.
What to weigh up
- Instant trades and recurring buys cost more than Markets orders.
- A coin listed on CoinSpot is not necessarily available on its Markets order book.
- Sending crypto to an external wallet has a separate transaction fee.
The appeal: two ways to buy
CoinSpot’s published fee schedule separates Instant Buy, Sell and Swap from Markets trading. At a notional A$1,000 trade value, a 1% trading fee is A$10; a 0.1% fee is A$1. These examples exclude the spread, price movement and any other charges.
- Compare the exact coin, trading screen and final quote you intend to use.
- A low rate on one order type does not tell you what a different order will cost.
Deposits and taking crypto out
CoinSpot lists PayID and direct AUD deposits as free, along with AUD bank withdrawals. Crypto transfers out have a separate fee displayed in the relevant wallet. Confirm the receiving address and network before sending; an AUD withdrawal and a crypto withdrawal are different transactions.
Security: controls, not a guarantee
CoinSpot describes account-level controls including two-factor authentication, session timeouts and withdrawal restrictions. Enable the controls that fit your use, keep recovery details offline and check account activity.
- An account security feature is not proof that a provider cannot fail.
- Decide how much you need to keep on an exchange, and understand who controls the keys.
Regulation and company background
CoinSpot says it was established in 2013 and has been registered with AUSTRAC since 8 May 2018, now as a virtual asset service provider. It also holds an Australian financial services licence with a non-cash payments authorisation, and says it was the first Australian exchange awarded ISO 27001 information-security certification, since renewed under the 2022 standard.
- AUSTRAC registration covers anti-money-laundering obligations, and ISO 27001 is a security-management standard.
- Neither is deposit insurance or a guarantee that a provider can't fail.
SMSF accounts and larger trades
CoinSpot offers accounts for self-managed super funds, and an OTC service for larger trades that you may not want to place through Instant Buy or Markets.
- If you're investing through an SMSF, confirm that the fund's investment strategy allows crypto, open the account in the fund's name and keep records for your auditor.
- For large orders, compare an OTC quote with what Markets would give you at the same size.
Nodora’s take
CoinSpot’s appeal is having instant quotes and an order book in one place, with AUD funding to get started. It is worth comparing if you want that flexibility. Its main trade-off is convenience versus the fee attached to the specific buying method.
Before opening an account, check whether your intended coin is on Markets, compare the final amount of crypto received with another provider, and review the cost of withdrawing it. We have not opened or funded an account as part of this review.
CoinSpot questions, answered
What is Nodora’s CoinSpot referral or affiliate code?
Nodora’s CoinSpot affiliate code is 9GY8V8. Our signup link includes this code. Use the link before creating an account and check the referral details during registration.
Does code 9GY8V8 include a CoinSpot signup bonus?
We have not verified a signup bonus for this specific affiliate code. Referral promotions and affiliate arrangements can have different terms. Check the offer shown by CoinSpot before registering; this page does not promise a cash or Bitcoin reward.
Is CoinSpot regulated in Australia?
CoinSpot says it has been registered with AUSTRAC since May 2018 and holds an Australian financial services licence with a non-cash payments authorisation. Registration doesn't protect you from market losses or provider failure.
Can I use CoinSpot for an SMSF?
Yes. CoinSpot offers SMSF accounts. Check that your fund's investment strategy permits crypto, and keep transaction records for your fund's audit.
What is the difference between CoinSpot Instant Buy and Markets?
CoinSpot publishes a 1% trading fee for Instant Buy, Sell and Swap, and a 0.1% Markets fee for available pairs. Markets does not cover every listed coin. Compare the final quote, spread and withdrawal cost, not just the fee percentage.
Can a CoinSpot affiliate link be added after signup?
CoinSpot’s affiliate terms say it will not add an affiliate after the new customer has created an account without using the affiliate tracker. Use the intended link before registration and check the details with CoinSpot if anything looks wrong.
More on CoinSpot: fees explained · is it safe?
Sources & last check
Checked 26 October 2026. Provider material describes the provider’s own service; it is not independent verification of safety or performance.
- CoinSpot fee schedule
- CoinSpot Markets
- CoinSpot security controls
- CoinSpot sending transaction fees
- CoinSpot affiliate terms and tracking requirements
- CoinSpot help: Is CoinSpot regulated?
- CoinSpot help: ISO 27001 certification
- CoinSpot SMSF accounts
- CoinSpot OTC desk
