CoinSpot is Australia's most popular crypto exchange, with over 2.5 million users. It offers a huge range of 410+ coins, has 24/7 live chat support and a NFT marketplace. Coinstash is a newer crypto exchange, with more than 1,000+ cryptocurrencies, and lower trading fees of 0.85%.
These two exchanges are very similar, even in terms of their name, 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 my 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 my special link.
Read on to see which one you prefer as your needs may differ from mine.
Comparison Table
Header |  |  |
|---|---|---|
Coins | 410+ | 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 | - DeFi integration - Huge range of 1,000+ coins |
Cell |
Header | | |
|---|---|---|
Coins | 410+ | 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 | - DeFi integration - Huge range of 1,000+ coins |
Cell |
Pros & Cons: CoinSpot
Pros & Cons: Coinstash
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 410+ 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. 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.
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 this link to receive $20 BTC FREE.
Coinstash is also an excellent option, with lower fees and a wider range of 1,000 coins. It is up to your personal needs which one you prefer to use.
If you want to look at more alternatives, read my article on the best crypto exchanges in Australia, or have a look at my comparison table below, with some key information.
