A review of CoinSpot (Australia only)
CoinSpot is an Australian only multi-currency wallet where you can buy and sell many cryptocurrencies with AUD.
PROS
- Very user friendly interface
- Many currencies on there already with many more to come in the future
- Shows the greatest increase/decreases in the past hour and day which could be useful if you want to buy at a low/sell at a high
- Customer service replies quite fast, always less than 24 hours from what I've experienced so far
- You can put buy/sell orders for bitcoins, litecoins and dogecoins on the market, this only has a 0.9% fee
- A referral scheme with great earning potential (my referral link: https://www.coinspot.com.au?affiliate=6YQJQ)
CONS
- Fees are very high (3%), though there are ways to minimise your fees which I can explain in comments or on another post
- Verification needs your driver's license, pic of yourself and phone number and takes around 24-48 hours
(they have quite a strict privacy policy so your private documents should be safe, you can read about it here: https://www.coinspot.com.au/privacy) - You can only receive Bitcoins and
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STOPHi,
U didn't mention that how can we lower our fee on CoinSpot?
Hi! Sorry for the late reply I just saw this haha. Here's a new guide, enjoy!
Thanks for the post. I had heard this site was only for Australians. Do you know if this is really true? Thanks