This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
CoinSpot is just one of many cryptocurrency exchanges available in Australia, which means you're spoilt for choice when it comes to choosing a local exchange.
It's a good idea to compare exchanges in order to find the right balance of features that suit you, such as AUD deposits, range of coins and trading features.
Check out our list below for a number of exchanges similar to CoinSpot and learn what sets them apart.
Our selection of platforms is based on research and first hand experience. We researched the features and the list of coins available on CoinSpot. We then compared these features against other cryptocurrency trading platforms in Australia to find ones that were similar.
In addition to this research, we also considered some of the data recorded in our annual Crypto Trading Platform Awards which helped inform the "Best for" picks.
Keep in mind that these picks are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.
You can read more about how we evaluated cryptocurrency trading platforms in in our full methodology.
Get $20 in BTC when you verify your account. T&Cs apply.
Swyftx is an Australia-based crypto exchange that features more than 310 assets, compared to over 390+ on CoinSpot.
In Finder's 2023 customer satisfaction awards it was the most recommended brand, with 90% of users saying they would recommend the platform, compared to 80% for Binance.
Anyone looking to move their assets over to Swyftx from CoinSpot or another exchange will be pleased to learn about Swyftx's new Portfolio Transfer tool. It allows users to easily migrate any eligible assets over to Swyftx using API Keys. However, you will only be able to transfer the assets that are listed on Swyftx, which means not all of the assets on CoinSpot are eligible.
Swyftx has an easy-to-navigate and beginner-friendly UI and features an education hub where you can take crypto courses to learn new skills and test your knowledge with quizzes. Once you've signed up and completed the KYC verification process, you're ready to start trading.
Pros
Simplified dashboard – quickly view your assets and their performance
310+ cryptos available to buy, sell and trade
Demo account available – test set-ups and strategies on the go
Thousands of 5-star reviews on Trustpilot
Australia-based customer support
Cons
Limited range of order types
Beginner-oriented UX
No USD-denominated markets
No earning or staking features
Deposit Methods
Bank transfer,Credit card,Cryptocurrency,Debit card,Osko,PayID
Deposit Fees
Bank transfer: $0 Card: Fees vary PayID: $0 Cryptocurrency: $0
Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.
Coinstash offers a more extensive range of cryptos than any other Australia-based exchange. With over 1,000 coins and tokens available to trade, it offers vastly more assets than CoinSpot.
Cryptos are available for purchase via the platform's DeFi Connector, which allows traders to buy and sell popular high-cap cryptos and lesser-known altcoins. Once you've confirmed a purchase order, your Australian dollars are instantly converted and the cryptos are deposited into your Coinstash wallet.
Coinstash is integrated with 6 blockchains including Ethereum, BNB Chain, Avalanche and Polygon. All transactions are verifiable on-chain and secured by Fireblocks.
Pros
1,000+ cryptos available
DeFi Connector – purchase on-chain cryptos with AUD
Advanced order types and charting tools
Offers thematic bundles of cryptos for simplified investing
Launched in 2012, Coinbase is one of the longest-running and most reputable global crypto exchanges. It has over 110 million verified users and over 200 coins and tokens listed, including most major trading pairs.
It offers more features than CoinSpot but only half as many coins. Notable features include its advanced spot market, earning and staking options, NFT marketplace and the Coinbase wallet.
Coinbase has deep liquidity and is frequently listed in the top 5 exchanges by trade volume, globally.
Coinbase also has 24/7 customer support and a robust security system, protecting users' funds and personal information.
Pros
Simple sign-up process
Beginner or advanced trading options
Incentivised learn-to-earn feature
Includes trade, earn and NFT platforms
Hundreds of markets and several trading pairs, including USDC, BTC and ETH
Cons
Less cryptocurrencies than CoinSpot
Borrowing and lending are not available in Australia
Deposit Methods
Bank transfer,Credit card,Cryptocurrency,Debit card,PayID
Deposit Fees
AUD: None using bank transfer or PayID Cryptocurrency: None
With over 185 trading pairs, Kraken is widely regarded as one of the best exchanges for professional trading. The platform features a full-featured trading interface, an NFT marketplace and an education hub.
Kraken regularly exceeds a daily trading volume of US$500 million and is renowned for its deep liquidity across high market cap trading pairs. Traders utilising Kraken Pro can take advantage of various order types such as stop-loss, market and limit orders with inbuilt TradingView charts.
Kraken offers only half as many cryptocurrencies as CoinSpot, but has more advanced trading features and better liquidity.
Trading fees work on a volume system, meaning users trading in high volumes are rewarded with fee discounts, which go as low as zero for maker orders and 0.1% for taker orders.
Pros
Advanced order types
Customisable charting features
Wide range of fiat currencies and forex trading
Founded in 2011, one of the longest-running crypto exchanges
Over 185 USD trading pairs
Cons
Fewer assets than CoinSpot
Fined $30 million by the SEC in February 2023
No NFT marketplace
Deposit Methods
Bank transfer,Credit card,Cryptocurrency,Debit card,Osko,PayID,Apple Pay,Google Pay,SWIFT
Deposit Fees
Bank transfer, PayID or OSKO: Free Cryptocurrency: Fees vary Credit and debit card: Fees vary Apple Pay or Google Pay: Fees vary
Cointree offers a simple interface which is easy to navigate and well suited to beginners. The exchange is located in Australia with local customer support. In this regard it is very similar to CoinSpot.
It supports over 280 assets compared to 390+ on CoinSpot.
Some of its useful features include the ability to make recurring purchases, swap coins instantly and copy other investors' portfolios. Swaps let you swap coins for any other without needing to go back into AUD each time, helping you save you money on fees.
Cointree charges a flat 0.9% fee for every trade, which reduces if you trade over $10,000 AUD per month. There is no spot market though, which means it does not support limit orders, so you are only able to buy and sell cryptocurrencies at the current market price.
You can deposit AUD for free using PayID or bank transfer. You can also deposit cash at participating convenience stores around Australia.
Our comparison tables are completely free to use. We link you directly to the platform's secure sign-up page and we'll never ask you for personal details. Better still, we regularly have exclusive offers that you won't find anywhere else.
We're experts
We've researched and rated dozens of crypto exchanges as part of our Finder Crypto Trading Platform Awards. We've published hundreds of guides and our in-house experts are regularly called upon for commentary in Nasdaq and The Street.
We're independent
Unlike other crypto media, we're not owned by an exchange or investment firm. Our opinions are our own and we put our readers first to help you find the crypto trading platform that's right for you.
We're here to help
We're a team of crypto nerds with extensive experience in investing, trading and decentralised finance but we also remember how it feels to be a beginner. We give you first-hand reviews of what it's like to use these products – without jargon.
Using an Australia-based exchange
Australia has several well-known cryptocurrency exchanges that allow purchases of a wide range of cryptocurrencies with Australian dollars, including CoinSpot, Swyftx and Coinstash. These exchanges are relatively straightforward to use and aimed at beginners.
Pros:
Local exchanges headquartered in Australia
Allow users to buy directly in AUD
Low and no fee deposits and withdrawals
User-friendly interfaces
Wide selection of cryptocurrencies
Registered with AUSTRAC and compliant with AML/CTF laws
Cons
Less advanced trading features
Fees may vary, so it's important to check before you trade to see how much you're paying
Alternative sites to buy cryptocurrency
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Where else to get CoinSpot features?
CoinSpot is known for a useful range of features for Australian customers, including the following:
Accepting AUD bank transfers
Offering a wide range of cryptocurrencies
You can buy almost any cryptocurrency you want, pay with AUD and have the transaction sorted out fast. You may want to look for another service that lets you do the following:
Buy cryptocurrency with AUD
Get the same wide range of cryptocurrencies
Carry out fast transactions and get coins stored on an integrated wallet
However, you should remember that verification will typically be required if you’re new to a service. This could take a while and by the time you’re satisfactorily verified, CoinSpot might have already started accepting AUD deposits again.
Where else to buy cryptocurrency with AUD
This lets you save on international transfer fees and can present a very cost-effective option for Australian customers.
Where else to get the same wide range of cryptocurrencies?
In Australia, exchanges such as Binance, Swyftx, Cointree, KuCoin and Kraken all offer a similar range of cryptocurrencies as well as accepting AUD deposits.
How do I get the same fast transactions and storage on an integrated wallet?
Many exchanges will offer an integrated account to hold your cryptocurrency, although transaction speed can vary from currency to currency and at different times for different exchanges.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
James Edwards was the cryptocurrency editor at Finder. He led the editorial strategy and reported on the latest industry news to further Finder's mission of helping people make better financial decisions.
A relatively early adopter, James has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in his ability to boil down complex topics into language his parents can understand.
His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think, and he has coordinated a vast number of high-profile interviews with the industry's brightest minds.
He is a regular contributor to Nasdaq and is frequently called upon for market commentary in Australia and abroad.
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