Coinspot is a legacy Australian Cryptocurrency exchange, as one of the older changes they have some of the highest rates at over 1% per trade. It is advised to look for a more cost-effective option when trading.
As an example of the current fee charges between the platforms:
1. Swyftx – AUD – Bitcoin, Ethereum, and more – Low 0.6% Fee
2. Independent Reserve – AUD – Low 0.5% Fee
3. Digital Surge – Low 0.5% fee.
Vs.
CoinSpot – AUD – Bitcoin, Ethereum, and more – 1% Fee so a bit higher if you trade a lot of crypto.
As an example if you make an order of
$10,000 in Bitcoin on Coinspot the fee will be – $100
Where on Swyftx a trade of $10,000 will only have a fee of $60
Saving you $40.Our Recommended Alternative to Coinspot for buying Bitcoin in Australia is: Swyftx
