CoinSpot is one of Australia's best cryptocurrency exchanges and is a popular option for many new users. However, if you're reading this article, you are probably looking for something different. Maybe you are looking for lower fees, more features, margin trading, or even to pay your bills using crypto. I have chosen the best 5 Australian alternatives to CoinSpot, which I will discuss in more detail below.
Best alternatives to CoinSpot in 2021
- 1Swyftx exchange - #1 alternative to CoinSpot
- 2Digital Surge exchange - Better fee structure than CoinSpot
- 3Binance exchange - Better for serious traders, more features than CoinSpot
- 4Independent Reserve exchange - Better for large-volume investors compared to CoinSpot
- 5Cointree exchange - Easy to use site like CoinSpot
Top 3 Alternatives to CoinSpot
✔️ Well-designed app with access to over 320+ different coins
✔️ Unique Demo mode - practise trading risk-free with play money
✔️ Best value with low fees and free $20 BTC, if you sign up with the button below
✔️ Winner of Bitcoin buying test, showing lowest fees and spread
✔️ Access to over 300+ different coins
✔️ Simple interface that is easy to navigate for beginners
✔️ International exchange with access to over 600+ cryptos
✔️ Low trading fees at a flat 0.1%
✔️ Wide range of features for experienced traders - futures, margin trading, p2p and more
#1 CoinSpot Alternative
Swyftx is my recommendation as the #1 alternative to CoinSpot. It is built with new users in mind, so it has a very user-friendly interface, with a unique Demo mode that lets you practise trading with free play money. Swyftx has tight spreads and low trade fees of only 0.6% compared to CoinSpot's 1%. Swyftx performed remarkably well in a Bitcoin buying test, and offers $20 free Bitcoin for new users if you sign up here. If you want to read a comparison article of Swyftx vs CoinSpot, click here.
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Fiat Currencies | AUD | AUD |
Number of Coins | 320+ | 430+ |
Buy/Sell Fees | 0.6% | 1% |
Deposit Methods | Direct deposit, PayID, POLi, Credit card, Debit card, Cryptocurrency | Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency |
Low Fee alternative to CoinSpot
Digital Surge is an excellent choice for crypto investors that are looking for lower fees than CoinSpot. CoinSpot charges 1% per trade, while Digital Surge only takes 0.5%. In fact, Digital Surge won my crypto buying test with the lowest fees and spread. Digital Surge is a top alternative to CoinSpot because it has a lot of the features that CoinSpot offers. For example, Digital Surge offers over 300+ different cryptocurrencies, it has a mobile app for iOS and Android, and Live Chat support. It even offers features that are rarely found on other exchanges, for example, you can pay your Australian bills and credit cards using Bitcoin from your Digital Surge account.
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Fiat Currencies | AUD | AUD |
Number of Coins | 300+ | 430+ |
Buy/Sell Fees | 0.5% | 1% |
Deposit Methods | PayID, POLi, Cryptocurrency | Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency |
Alternative trading platform to CoinSpot
If you are an experienced serious trader looking for an advanced cryptocurrency exchange with plenty of features not found on CoinSpot, Binance is perfect for you. The platform has extremely low trade fees of 0.1%, and supports futures trading, margin trading, P2P trading, and even staking. If you have been around the crypto market for some time, and can comfortably navigate detailed crypto exchanges, I would highly recommend Binance. However, if you are a beginner, I would suggest one of the other exchanges, as the interface is not as simple to use and can be overwhelming for new users.
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Fiat Currencies | AUD, USD, GBP, EUR, CAD, HKD, JPY & 35 more | AUD |
Number of Coins | 600+ | 430+ |
Buy/Sell Fees | 0.1% | 1% |
Deposit Methods | PayID, Credit card, Debit card, Cryptocurrency | Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency |
Large-volume investor alternative to CoinSpot
Independent Reserve is an excellent alternative to CoinSpot if you are an experienced high-volume trader. It has a VIP service desk catering to large OTC trades, and discounts on large-volume trades (over $20 million per month decreases your fees to only 0.02%). The fact that over 8000 Self-Managed Super Funds choose to use Independent Reserve is testament to its ability to look after high-volume clients. You can also deposit USD, NZD and SGD, whereas CoinSpot supports AUD as the only fiat currency. If you are interested, you can read my detailed comparison of CoinSpot vs Independent Reserve.
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Fiat Currencies | AUD, USD, NZD, SGD | AUD |
Number of Coins | 27 | 430+ |
Buy/Sell Fees | 0.5% | 1% |
Deposit Methods | Direct deposit, PayID, POLi, SWIFT, Cryptocurrency | Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency |
Easy to Use site like CoinSpot
Cointree is not as well-known as the best Aussie crypto exchanges but it is a good alternative to CoinSpot because of its simple interface. CoinSpot is already easy to use, but Cointree's platform is extremely clean and uncluttered, making it perfect for first-time crypto investors. Even though it is a simple exchange, Cointree not only supports the major coins (BTC, ETH, ADA, LTC, BCH), but over 160+ altcoins. Another cool feature is the ability to pay your Australian bills using cryptocurrency in your Cointree account.
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Fiat Currencies | AUD | AUD |
Number of Coins | 160+ | 430+ |
Buy/Sell Fees | 0.9% | 1% |
Deposit Methods | Direct deposit, PayID, Cash, Cryptocurrency | Direct deposit, PayID, POLi, BPAY, Cash, Cryptocurrency |
Still Researching?
If you still haven't found an alternative to CoinSpot that you are happy with, find out more about the best crypto exchanges in Australia. There are plenty of options available, you're bound to find one that is right for you.
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