The Rock 
Est. 2013 · Based in AustraliaRegulatory record
| Date | Authority | Record | Amount | Status | Primary source |
|---|---|---|---|---|---|
| ASICAustralia's corporate and financial services regulator; Australia | Licence granted | None | Current | "AFS Licensee Dataset - Current"Australian Securities and Investments Commission (published on data.gov.au), fetched 9 October 2026 |
- Trustpilot notice, captured 2 October 2026: "You should know: This company may be associated with high-risk investments"
Our verdict on CoinSpot
Best for: Australian residents buying, selling or swapping spot crypto with AUD.
Not ideal for: People who live outside Australia, and anyone looking for margin, futures or options, which CoinSpot does not list.
What we checked
- Spot fee schedule: CoinSpot Markets, Published flat Markets trading fee, checked 30 September 2026. Provider fee page
- Contracting entity: Casey Block Services Pty Ltd, from CoinSpot Terms of Use, fetched 9 October 2026. Source
- Register lookup: AUSTRAC Virtual Asset Service Provider Register, 9 October 2026: listed, current. Entity: Casey Block Services Pty Ltd (trading name CoinSpot), ABN 19619574186. Register Screenshot
- Register lookup: ASIC Australian Financial Services Licensee Register (ASIC dataset on data.gov.au), 9 October 2026: listed, current. Entity: Casey Block Services Pty Ltd, AFSL 562554. Register
- Regulatory and reputation screen: 9 October 2026. Methodology
- Third-party ratings captured: 2 October 2026. Ratings
Not checked: opening an account, deposits, withdrawals, live orders and customer support.
Who checked this page: our research process, in which an AI language model works from the sources listed and automated checks compare figures with those sources. No named person has reviewed this page.
Affiliate link. We may receive payment when you click through to a partner site.
Pros
- Listed on AUSTRAC's Virtual Asset Service Provider Register (searched 9 October 2026)
- ASIC AFS licence 562554 from 29 April 2026, which CoinSpot says covers non-cash payment facilities
- Markets and OTC orders cost 0.1% under the published fee schedule
- Free AUD deposits by PayID, direct deposit, card and PayPal, and by Apple Pay or Google Pay in the app
- Free AUD bank withdrawals, with no minimum or maximum amount
- 470+ cryptocurrencies listed, and coin-to-coin swaps between 410+ of them through CoinSwap
Cons
- Instant Buy, Sell and Swap, recurring buys, Bundles and stop or limit orders on the Instant pages cost 1%, ten times the Markets fee
- Spot only: the product list includes no margin, futures or options
- Designed for Australian residents; every listed fiat deposit and withdrawal method is in AUD
- Cash deposits cost 2.5%, and PayPal AUD withdrawals cost 2% (capped at A$1.25, according to CoinSpot)
- Custodial: the terms disclaim responsibility for theft of coins, and losses are not insurable
- No proof-of-reserves report found on its site, and the most recent statutory audit announcement in its help centre covers FY2023 (both searched 9 October 2026)
CoinSpot Summary
CoinSpot is a spot cryptocurrency exchange owned and operated by Casey Block Services Pty Ltd (ABN 19 619 574 186). CoinSpot says it was established in 2013. The operator's ABN has been active since 6 June 2017, and the business name CoinSpot has been registered to it since 19 January 2018. CoinSpot's terms say the platform is designed for Australian residents and is not intended for people who live outside Australia. The minimum age to open an account is 16. CoinSpot lists a Markets order book, Instant Buy and Sell, CoinSwap, recurring buys, Bundles, an OTC desk, an NFT marketplace and the CoinSpot Mastercard. It lists no margin, futures or options products. Its homepage lists support for 470+ cryptocurrencies (checked 9 October 2026).
CoinSpot's record for an Australian resident buying spot crypto with AUD covers registration, licensing, cost and custody. It is listed on the AUSTRAC VASP register with no conditions shown, which we checked on 9 October 2026. ASIC's licensee dataset records AFS licence 562554 with a start date of 29 April 2026, and CoinSpot says the licence covers non-cash payment facilities. The fee depends on the route: 0.1% on Markets against 1% on Instant, which our arithmetic below puts at A$1.00 against A$10.00 on a A$1,000 Bitcoin buy, before any price spread. CoinSpot holds customers' coins and says a vast majority of assets are kept offline. CoinSpot reports statutory financial audits for FY2021 to FY2023, and we found no proof-of-reserves report on its site or help centre on 9 October 2026. The terms disclaim responsibility for theft of coins and say losses are not insurable.
Sources for This Summary, Checked 9 October 2026
- ABN dates, company type and business name: ABN Lookup, ABN 19 619 574 186
- Operator and design for Australian residents: CoinSpot Terms of Use
- Products listed: CoinSpot fees page
- Minimum age 16: How to Verify an Individual Account
- 470+ cryptocurrencies and established in 2013: CoinSpot homepage
How popular is CoinSpot in Australia?
Search interest shows how often Australians search for each brand. It measures attention, not quality.
- 204,070
- Brand searches, August 2026
- +0.3%
- vs July 2026
- 27,100
- Login searches
- 63.5%
- Share of all searches
Source: Google search volume, Australia, August 2026. How we measure it
Our Arithmetic: Buying and Selling A$1,000 of Bitcoin
Inputs come from CoinSpot's fees page and help centre, checked 9 October 2026.
Inputs
- Deposit A$1,000 by PayID (free)
- Buy A$1,000 of Bitcoin, on CoinSpot Markets or with Instant Buy
- Later sell A$1,000 of Bitcoin, on Markets or with Instant Sell
- Withdraw the AUD to an Australian bank account (free)
Fees on Each Step
| Step | Route | Published fee | Fee on this step |
|---|---|---|---|
| Deposit | PayID or direct deposit | Free | A$0.00 |
| Deposit (alternative) | Cash deposit of the same amount | 2.5% | A$25.00 |
| Buy | CoinSpot Markets order | 0.1% | A$1.00 |
| Buy (alternative) | Instant Buy | 1% | A$10.00 |
| Sell | CoinSpot Markets order | 0.1% | A$1.00 |
| Sell (alternative) | Instant Sell | 1% | A$10.00 |
| Withdraw | AUD bank withdrawal | Free | A$0.00 |
Totals
| Route (PayID in and bank out) | Fees on both orders |
|---|---|
| Markets buy and Markets sell | A$2.00 |
| Instant Buy and Instant Sell | A$20.00 |
On CoinSpot Markets, CoinSpot takes the 0.1% fee out of the coin you receive, so a A$1,000 Markets buy delivers Bitcoin worth A$999.00 at the fill price. An Instant fee is shown on the confirmation screen before you confirm. Our arithmetic leaves out the difference between buy and sell prices (the spread), which CoinSpot says changes in real time. It also leaves out the network fee for sending Bitcoin to an external wallet, shown on the wallet page and varying with network activity, and any change in the Bitcoin price between the two orders. A Markets order can fill over several trades, each charged 0.1%.
Sources, Checked 9 October 2026
- Trading fees: CoinSpot fees page
- Markets fee taken from the coin received; Instant fee shown before you confirm: CoinSpot fees article, updated 30 September 2026
- Deposit fees and limits: AUD Deposit FAQ, updated 30 September 2026
- Free AUD bank withdrawals: Fees to Withdraw AUD
- Buy and sell price spread: Pricing FAQ
CoinSpot Trading Fees
CoinSpot publishes a fee schedule that sets its trading charges by product and interface. Its Markets platform, which matches orders on an internal order book, applies a flat trading fee rather than maker/taker tiers.
| Recorded fee | Rate per executed order |
|---|---|
| Trade fee | 0.1% |
Australian CoinSpot Markets interface only; excludes Instant Buy, Sell and Swap, stop and limit orders placed on the Instant pages, recurring orders, OTC, funding and crypto withdrawal charges.
Provider fee information · Schedule checked .
Note that Markets on CoinSpot is a product and interface name, and should not be confused with generic market orders at other exchanges. Features such as Instant Buy, Sell & Swap, Recurring Buy, and Take Profit, Stop & Limit Orders carry separately listed, higher fees.
Crypto Markets
CoinSpot's homepage lists support for 470+ cryptocurrencies, including Bitcoin, Ethereum and Solana (checked 9 October 2026).
The exchange also offers direct coin-to-coin swaps via the CoinSwap feature, which CoinSpot's own help docs describe as covering 410+ different cryptocurrencies. That lets you move between assets without needing an AUD bridge trade. Swaps are priced from the Instant Sell price of the coin sold and the Instant Buy price of the coin bought, and cost 1%.
Available Cryptocurrencies
BTC 
ETH 
SOL 
XRP 
ADA 
DOGE 
LTC 
AVAX Fiat-to-Crypto Markets
Sources for This Section, Checked 9 October 2026
- Swap fee of 1%: CoinSpot fees page
- CoinSwap coverage and price basis: What is CoinSwap?
- Delisting example: CoinSpot delisting notice, 6 October 2026
Trading Platforms and Tools
The archived dashboard screenshot shows quick deposit buttons for PayID, direct deposit and PayPal, a portfolio value chart and a holdings breakdown.
CoinSpot Web Platform
Markets is the order book interface. Markets accepts orders at a set price target for 0.1%, while stop loss, take profit, buy stop and buy limit orders placed on the Instant Buy and Sell pages cost 1%.
CoinSpot Mobile App
The CoinSpot app is available on the App Store and Google Play.
Bundles, NFTs, and the CoinSpot Mastercard
Platform and Product Sources, Checked 9 October 2026
- Bundles and the 1% Bundle fee: CoinSpot Bundles
- NFT fees and payment coins: NFT FAQ
- CoinSpot Mastercard: Mastercard General FAQ
- App listings: App Store and Google Play
CoinSpot app
Safety and Regulation
CoinSpot is registered with AUSTRAC, and AUSTRAC registration concerns anti-money laundering and counter-terrorism financing obligations. CoinSpot holds an ASIC AFS licence, which CoinSpot says covers non-cash payment facilities. CoinSpot holds customers' coins in wallets it manages. CoinSpot's terms say losses from holding coins are not insurable.
Regulation and Licences
The AUSTRAC Virtual Asset Service Provider Register entry lists legal name CASEY BLOCK SERVICES PTY LTD, trading name COINSPOT, ABN 19619574186, an address in Windsor, Victoria, and an empty conditions column (searched 9 October 2026). An AUSTRAC article dated 30 June 2026 says the public register lists all registered providers and that AUSTRAC has regulated virtual asset service providers since 2018. We found no CoinSpot entry on AUSTRAC's enforcement actions page or its virtual asset registration actions page on 9 October 2026.
ASIC's current AFS licensee dataset (downloaded 9 October 2026) lists Casey Block Services Pty Ltd under AFS licence 562554 with a start date of 29 April 2026. CoinSpot says the licence is for the provision of non-cash payment facilities, in its AFSL article. CoinSpot says a proposed Corporations Amendment (Digital Assets Framework) Act 2026 is expected to bring a licensing regime for certain crypto asset services, with staged implementation through to 2027. CoinSpot's site shows an ISO 27001 badge for information security certified since 13 February 2020 and a Digital Economy Council of Australia partner badge with membership since 2 February 2014.
Custody and Asset Storage
CoinSpot holds customers' coins in managed wallets for every coin it lists. CoinSpot says it secures a vast majority of assets in highly secure offline locations. CoinSpot's terms state: "We take no responsibility for the misappropriation or theft of your Coins." The terms also say any loss you incur is not insurable.
CoinSpot reports an external statutory financial audit for FY2023 with an unqualified opinion, after unqualified opinions for FY2021 and FY2022, and says the audit confirms it holds all customer assets 1:1. A statutory financial audit is not a proof-of-reserves report, and we found no proof-of-reserves report on CoinSpot's site or help centre on 9 October 2026. CoinSpot's Keep your Account Secure article suggests storing coins and tokens on your own private cold storage device.
Account Security Features
CoinSpot's Security Overview article lists app-based two-factor authentication, an anti-phishing phrase, geo-lock logins and a phone verification phrase. CoinSpot's security page adds custom withdrawal restrictions and session timeout limits, and lists a HackerOne bug bounty program for reporting vulnerabilities. CoinSpot says it never asks for two-factor codes or passwords by phone or email.
Further Safety Sources, Checked 9 October 2026
- Managed wallets: Is CoinSpot a wallet?
- AFS licence 562554: ASIC AFS licensee dataset on data.gov.au
- AUSTRAC action pages searched: enforcement actions and virtual asset registration actions
What traders say about CoinSpot
Trustpilot and app-store ratings are third-party snapshots captured on the date shown. They are not our assessment.
| Site | Profile | Rating | Count | Captured |
|---|---|---|---|---|
| Trustpilot | trustpilot.com/review/coinspot.com.auNotice shown, Paid plan badge | 4.3 of 5 | 2,811 reviews | October 2026 |
Funding and Withdrawals
CoinSpot lists its AUD funding fees on its fees page and the minimum and daily limit for each method in its AUD Deposit FAQ; the lists below show both as checked on 9 October 2026.
Deposit Methods and Times
- PayID: free, minimum A$1, no CoinSpot limit per 24 hours (your bank's limits apply), listed as instant
- Direct deposit (Osko): free, minimum A$1, no CoinSpot limit per 24 hours (your bank's limits apply), listed as instant
- Card: free, minimum A$1, A$5,000 per 24 hours
- Apple Pay and Google Pay (CoinSpot app): free, minimum A$1, A$5,000 per 24 hours each
- PayPal: free, minimum A$1, A$10,000 per 24 hours
- Cash: 2.5% fee, minimum A$50, A$8,000 per 24 hours
- Low-level verified accounts: deposits capped at A$10,000 per day; first-time or large PayID and direct deposits may take 1 to 2 business days
- POLi: no longer available on CoinSpot after 28 September 2023 (POLi Deposit Update)
Withdrawal Methods and Times
- AUD bank withdrawal: free, no minimum or maximum (Fees to Withdraw AUD)
- Timing: CoinSpot says weekday requests made before 2pm (AEDT) are generally processed the same day, with funds clearing the following business day; weekend requests are usually completed the next business day, and some banks take up to two business days (How long do AUD Withdrawals take?)
- PayPal AUD withdrawal: 2% (CoinSpot's help centre says the fee is capped at A$1.25), usually in your PayPal balance the next business day
- Crypto withdrawal to an external wallet: a network fee that varies by coin, shown on the coin's wallet page
- Own-name rule: AUD deposits and withdrawals are made to and from a bank or payment account held by the verified account holder, with exceptions at CoinSpot's discretion under its terms
Further Funding Sources, Checked 9 October 2026
- Withdrawal steps, email confirmation and re-enabling withdrawals: How to submit an AUD Withdrawal request
- PayPal withdrawal cap and free account: CoinSpot fees article
Risk and Trading Rules
Spot only, with AUD deposit and withdrawal methods, on a platform designed for Australian residents.
Leverage and Margin Availability
None listed. CoinSpot's product list includes no margin trading, futures, perpetual swaps or crypto options.
Allowed Trading Strategies
Spot buying and selling, swaps, recurring buys, OTC trades (recommended by CoinSpot for A$20,000 or more), price-target orders on Markets, and stop loss and take profit orders on the Instant Buy and Sell pages.
Geographic Restrictions
Is CoinSpot Available in Australia?
FAQs
Is CoinSpot safe to use in Australia?
CoinSpot is listed on AUSTRAC's Virtual Asset Service Provider Register, checked on 9 October 2026, and holds ASIC AFS licence 562554, which CoinSpot says covers non-cash payment facilities. CoinSpot says a vast majority of assets are kept offline. The account settings it offers include two-factor authentication, withdrawal restrictions and geo-lock logins. The terms say CoinSpot takes no responsibility for theft of coins and that losses are not insurable.
Can CoinSpot be trusted?
CoinSpot is run by Casey Block Services Pty Ltd, whose ABN has been active since 6 June 2017. It is listed on the AUSTRAC VASP register and holds an ASIC AFS licence recorded from 29 April 2026. CoinSpot reports statutory financial audits for FY2021 to FY2023 with unqualified opinions. We found no proof-of-reserves report on CoinSpot's site or help centre on 9 October 2026. No warning about CoinSpot itself appeared in the regulator lists we checked on 9 October 2026, which were the ASIC Moneysmart investor alert list, IOSCO I-SCAN, the UK FCA and Hong Kong's SFC. A regulator list check covers those lists only.
Is CoinSpot linked to the ATO?
The ATO keeps the names of the crypto providers that supply data to its crypto assets data-matching program confidential, so its published material leaves open whether CoinSpot is one of them. The ATO says it expects to collect data on about 700,000 to 1,200,000 individuals and entities each financial year, for the 2014-15 to 2025-26 financial years. If you hold crypto as an investment, the ATO says selling it for AUD or exchanging it for another crypto asset is a disposal that may give rise to capital gains tax, and trading in other circumstances can create ordinary income. CoinSpot users can download EOFY statements and CSV transaction files from the Order History page.
Who owns CoinSpot Australia?
CoinSpot is owned and operated by Casey Block Services Pty Ltd, ABN 19 619 574 186, an Australian private company. ABN Lookup shows the ABN active since 6 June 2017, a main business location in VIC 3181 and the business name CoinSpot since 19 January 2018. AUSTRAC's register shows an address in Windsor, Victoria.
What does CoinSpot charge?
CoinSpot charges 0.1% for Markets orders, including price-target orders on Markets, and 0.1% at its OTC desk. Instant Buy, Sell and Swap cost 1%, as do recurring buys, Bundles, and stop loss, take profit, buy stop and buy limit orders placed on the Instant Buy and Sell pages. AUD deposits are free except cash, which costs 2.5%. AUD bank withdrawals are free. PayPal AUD withdrawals cost 2%, which CoinSpot's help centre says is capped at A$1.25. Sending coins to an external wallet costs a network fee shown on the wallet page. There is no account opening fee and no ongoing account fee. On a A$1,000 Bitcoin buy the fee is A$1.00 on Markets and A$10.00 with Instant Buy, by our arithmetic from fees checked 9 October 2026. The fee figures do not include the difference between buy and sell prices.
How many cryptocurrencies can I trade on CoinSpot?
CoinSpot's homepage lists support for 470+ cryptocurrencies, which we checked on 9 October 2026. CoinSwap covers 410+ cryptocurrencies and more than 9,000 coin-to-coin pairings, according to CoinSpot's help centre. Listings change. For example, a CoinSpot help centre notice created on 6 October 2026 says Ampleforth Governance, Balancer, Layer3 and Scallop would be delisted, with Instant Buy disabled on 6 October 2026 and selling no longer available from 8 October 2026.
Does CoinSpot offer margin trading or leverage?
CoinSpot lists no margin trading, leverage, futures, perpetual swaps or crypto options among its products. Its terms describe a platform for converting, buying, selling and trading digital currencies.
How do I withdraw money from CoinSpot?
CoinSpot requires a verified account to withdraw money. According to CoinSpot's AUD withdrawal guide and help centre, checked 9 October 2026, you add your bank details, then choose Withdraw AUD from the My Account menu, confirm the details, enter the amount and your two-factor code, and confirm the withdrawal from the email CoinSpot sends. AUD bank withdrawals are free with no minimum or maximum. CoinSpot says weekday requests made before 2pm (AEDT) are generally processed the same day, with funds clearing in your bank account the following business day. PayPal AUD withdrawals cost 2%, which CoinSpot's help centre says is capped at A$1.25. Sending crypto to an external wallet costs the network fee shown on the wallet page. If you set your own withdrawal restrictions, CoinSpot asks for an authorisation photo to re-enable withdrawals.
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