CoinSpot vs Coinstash

Dominic Harper // August 4 // 0 Comments

CoinSpot is Australia's most popular crypto exchange, with over 2.5 million users. It offers a huge range of 360+ coins, has 24/7 live chat support, and you can earn interest on 21 coins. Coinstash is a newer crypto exchange, with more than 1,000+ cryptocurrencies, Earn option including XAUD (AUD stablecoin), and lower trading fees of 0.85%.

These two exchanges are very similar, even in terms of their name and colour scheme, so it is important not to get mixed up between the two. Which one is better for you to use? The answer comes down to personal preference, but our recommendation is CoinSpot due to the high level of trust and security it has built over a decade, additional features such as NFT marketplace, and $20 BTC FREE when you sign up with our special link.

Read on to see which one you prefer as your needs may differ from ours.

Comparison Table

Header

Coins

360+

1,000+

Trading Fee

Market: 0.1%, Instant buy: 1% 

0.85%

Deposit Fee

Bank transfer, POLi, PayID, OSKO: Free; BPAY: 0.9%, Cash: 2.5%

Free

Withdraw Fee

Free

Free

Payment Methods

Bank transfer, OSKO, BPAY, POLi, PayID, Cash Deposit

Bank transfer, PayID

Features

- 24/7 Live Chat support

- Most secure and trusted exchange in Australia

- Earn interest on coins, including AUD stablecoin

- Huge range of 1,000+ coins

Cell
Header

Coins

360+

1,000+

Trading Fee

Market: 0.1%, Instant buy: 1% 

0.85%

Deposit Fee

Bank transfer, POLi, PayID, OSKO: Free; BPAY: 0.9%, Cash: 2.5%

Free

Withdraw Fee

Free

Free

Payment Methods

Bank transfer, OSKO, BPAY, POLi, PayID, Cash Deposit

Bank transfer, PayID

Features

- Live Chat support

- Most secure and trusted exchange in Australia

- Earn interest on coins, including AUD stablecoin

- Huge range of 1,000+ coins

Cell

Pros & Cons: CoinSpot

  • P R O S
  • Most secure and audited exchange in Australia
  • $20 FREE Bitcoin when you sign up here
  • Over 360+ cryptocurrencies available
  • Earn interest on 21 coins
  • NFT marketplace
  • 24/7 Live Chat customer support
  • C O N S
  • Higher instant buy/sell fees of 1%
  • Fewer coins compared to Coinstash

Pros & Cons: Coinstash

  • P R O S
  • More than 1,000+ cryptocurrencies
  • Earn interest on your crypto, including XAUD (stablecoin pegged to the Australian Dollar) 
  • Free fiat deposits and withdrawals
  • Lower trading fees of 0.85%
  • Live Chat support available 7 days
  • C O N S
  • Limited deposit options
  • No NFT marketplace

Fees

CoinSpot doesn't charge any fees for AUD withdrawals. For AUD deposits, it is free if you deposit via Bank transfer, POLi, PayID and OSKO, but there is a fee for BPAY (0.9%) and Cash deposit (2.5%).

If you want to purchase or sell crypto instantly, the fee is 1%. If you choose to trade on the market, you can access a lower fee of just 0.1% per trade, however you can only trade around 16 coins in this manner.

Coinstash does not charge any fiat deposit or withdrawal fees. Trading fees are only 0.85% which is lower than CoinSpot's instant buy/sell fee of 1%.

Fees Winner: Coinstash

Coinstash has free fiat deposits and withdrawals, as well as lower trading fees of just 0.85%.

Number of Coins

CoinSpot offers over 360+ different coins, and Coinstash has a massive range of 1,000+ cryptocurrencies, and they are continually adding more to their platform.

Number of Coins Winner: Coinstash

Coinstash has recently added a large number of coins, and now offers an impressive 1,000+ cryptocurrencies.

Features

CoinSpot is a user-friendly exchange that was created to make crypto easy for newcomers. It is easy to use the instant buy/sell feature, without having to deal with other traders on the market, and you can earn interest on 21 coins. Swapping between two cryptocurrencies is easy, and you can even purchase Bundles of cryptocurrencies if you want to invest in certain type of coin, for example DeFi, Metaverse, or Top 10 Market Cap coins. CoinSpot also offers an NFT marketplace where you can purchase NFTs using any crypto you like, all from within the exchange. Live Chat support is available 24/7 in case you ever need assistance.

Coinstash is a newer crypto exchange but it is built very similar to CoinSpot. It is also very simple to use, has instant buy/sell feature, Bundles, and live chat available 7 days a week. There is also the Earn product, where you can easily earn interest on your cryptocurrencies. Coinstash even supports XAUD, a stablecoin pegged to the Australian Dollar, so you can earn higher interest rates on AUD than you would in your traditional bank account. 

Features Winner: CoinSpot

Both exchanges offer similar functionality, but CoinSpot has a few additional features due to its longstanding establishment in the industry. For example, CoinSpot has a NFT marketplace available to its users, where they can buy any digital artwork instantly using any cryptocurrency they choose.

Security

CoinSpot is widely regarded as the most secure and trusted cryptocurrency exchange in Australia, awarded ISO 27001 certification, registered with AUSTRAC, and a gold member of Blockchain Australia. CoinSpot uses multi-layered security measures such as 2FA (Two-Factor Authentication), custom withdrawal restrictions, anti-phishing phrases, geo-lock logins, session timeout settings and offline cold storage of the majority of their digital funds. CoinSpot has never been hacked in its decade of existence.

Coinstash has not been around as long as CoinSpot, but it still has strict security protocols. You can trust that your funds are safe, as Coinstash has an industry-leading data security system to protect your assets and information. Coinstash is a registered exchange, and has acquired ASFL, so you will not need to worry about the legitimacy of the platform.

Security Winner: CoinSpot

CoinSpot wins this section as the most secure and audited exchange in Australia, and has never suffered a security breach since its establishment in 2013.

Overall Winner

While both of these exchanges are very similar, CoinSpot wins overall as it has higher levels of security and trust, and has been around since 2013. The fees are slightly higher, but you can invest with peace of mind that you are using the most popular crypto exchange in Australia. If you want to sign up, remember to use our link to receive $20 BTC FREE.

Coinstash is also an excellent option, with lower fees, wider range of 1,000 coins, and great interest earning product. It is up to your personal needs which one you prefer to use.

If you want to look at more alternatives, read our article on the best crypto exchanges in Australia, or have a look at our comparison table below, with some key information.

Bybit
CoinSpot
Swyftx
Binance
MEXC
Crypto Exchange
Crypto Exchange
Bybit
CoinSpot
Swyftx
Binance
MEXC
Fiat Currencies
Fiat Currencies
AUD, USD, GBP, EUR, NZD & more
AUD
AUD, NZD
USD, GBP, EUR, CAD, AUD, HKD, JPY & 35 more
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, LTC, XRP, EOS & 220+ more
BTC, ETH, LTC, XRP, BCH, ADA & 360+ more
BTC, BTG, BCH, ADA, ETH, ETC & 320+ more
BTC, ETH, XRP, LTC, BCH, BNB, NEO & 600+ more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
Deposit Methods
Deposit Methods
Visa/Mastercard, Apple Pay, Cryptocurrency
Bank transfer, BPAY, Cash, POLi, PayID, Cryptocurrency
POLi, PayID, OSKO, Bank transfer, Credit card, Cryptocurrency
PayID, Debit card, Credit card, SWIFT, SEPA, ACH, Cryptocurrency
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Trading Fees
Trading Fees
0% for spot, 0.01%/0.06% for derivatives
Market order: 0.1%, Instant buy: 1%
0.6%
0.1%
0.2% for spot, 0.02%/0.06% for futures
About the Author: Dominic Harper

Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs. He has been investing in crypto since 2017, and is excited about the potential for innovation and creative uses for NFTs in the near future.

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