Olga Bardus

Born in 1994, Camila Mendes is a Brazilian American actress who hit the ground running with her breakout role as comic book character Veronica Lodge on the steamy hit teen drama Riverdale, a subversive adaptation of the Archie comics.

American actor Miles Teller is known for his starring roles in 'Whiplash,' 'The Divergent Series' and 'Top Gun: Maverick.'

BRAINLESS SPIKES IS AN AWESOME APE BREED THAT WILL BLOW UP

THE NFT GLOBAL MARKET.

THE SPIKES ARE LIVING IN THE ETHEREUM BLOCKCHAIN ORGANIZED IN

A 4.000 EXCLUSIVE SUPPLY COLLECTION.

Profession: Actress

Religion Methodist

Religion Christianity

Father: Charlie Marshall

Mother: Myra Lee

An actress who first earned her critical laurels (and reeled in a substantial television fanbase) as Dr. Alison Cameron on the blockbuster medical drama House (2004), Jennifer Morrison grew up well outside the realm of Hollywood, in a middle-class family in the Chicago suburb of Arlington Heights, Illinois. As a preteen and teenager, Morrison entered showbusiness via modeling, appearing in innumerable print campaigns and gracing the cover of Sports Illustrated for Kids at one point;

Zaptos is a new, independent project focused on delivering the safest and most production-ready Layer 1 blockchain that can achieve a TPS up to 160k and subsecond finality. As we approach mainnet, the Aptos community has grown into one of the most vibrant communities with retail, institutions, and builders alike excited to grow a vibrant DEFI ecosystem.

For the Aptos ecosystem to flourish, the community needs to ensure that there exists decentralization of the network both in the form of shared voting power and the amount of APTOS staked to secure the network. Aptos is a proof-of-stake ( POS ) network that gives APTOS holders the ability to stake their tokens to make the network more secure in exchange for earning rewards. The issue with staking assets is that it requires a user to lock their asset for a long period, e.g. 28 days for Cosmos SDK chains.

This locked period forgoes an opportunity to generate additional utility such as generating yields from borrow/lending and liquidity providing on a decentralized exchange. There has always been a tradeoff — Are you going to lock away $APTOS to secure the network or are you going to engage in on-chain activity for yield and utility? Both are beneficial, but currently mutually exclusive. Zaptos is here to make both realities possible at the same time.

What is Zaptos and Liquid Staking?

Zaptos.Finance is a non-custodial liquid staking protocol built on Aptos. At Zaptos, users can deposit their staking asset into Zaptos and receive an IOU derivative that can be used in decentralized finance or applications built on the Aptos chain. Zaptos provides three strategic advantages for the Aptos Community

Instant Liquidity: Unlock your stake, receive a tokenized version of your position called zAptos, and use it in Defi

Decentralization: Open-sourced, permissionless delegation formula that directs liquidity to more than 1000+ validators

Community Owned: DAO structure allows the community to own the progression of the project and ecosystem outright.

Here is an example to better illustrate the experience. Let’s say we have 50 APTOS tokens. You stake this with Zaptos.finance and you get zAPTOS tokens in return. Under the hood, we manage all deposited ATPOS tokens from multiple users, identify the most rewarding validators, and then delegate APTOS in a way that produces the most decentralized and healthy network.

With Zaptos.finance you do not need to unstake your Aptos to experience the full utility of the staked asset. You receive zAPTOS instantly from depositing Aptos which will continuously increase as it will take into account the accrued rewards from staking. You will be able to instantly exit your position by swapping zAPTOS for APTOS and get more APTOS tokens in return.

The Zaptos team has made strategic partnerships in the Aptos ecosystem to increase zAptos utility and allow holders to engage in a plethora of opportunities on-chain. More details about these partnerships will be coming soon in future articles.

Summary

Our vision at Zaptos is to increase network decentralization and make staker’s locked assets productive on-chain. Our goal is to solve the problems associated with Proof-of-Stake networks: illiquidity, immovability, and accessibility. We aim to make staked APTOS tokens liquid with zAPTOS and at the same time distribute staking in multiple validators to improve the censorship resistance of the network.

To keep up to speed with our progress, follow us on Twitter

Coinmama Review Summary

Coinmama is one of such emerging crypto exchanges that has been serving millions of clients from 188 countries worldwide. They are mainly known for quick credit card transactions. At Coinmama, you can buy Bitcoin and 7 other cryptocurrencies instantly with ease.

Service Cryptocurrency exchange

Found in 2013

Native Token None

Payment Methods Credit Card / Debit Card or by Bank Wire Transfer

Minimum Purchase $50

Supported Fiat Currency All

Supported Cryptocurrencies Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Cardano, Litecoin, Tezos, Ripple, Dogecoin

Spread XBX + 2% (standard deviation)

Commission Fee Up to 3.90% on buy transactions

Up to 0.9% on sell transactions

Deposit Methods Credit card, Debit card, Bank transfer (SEPA), SWIFT, Wire transfer

Deposit Fee 5% on credit card

Account Transaction Limit

Level 1: $15,000

Level 2: $50,000

Level 3: $1 million

Daily Credit Card Buy Limits

Level 1: $5,000

Level 2: $5,000

Level 3: $7,500

Daily Bank Transfer Buy Limits

Level 1: $15,000

Level 2: $30,000

Level 3: $50,000

Withdrawal Fee 0

Customer Service Provider Options Email and support tickets

Mobile App Availability No

Coinmama is an established brokerage firm that offers trade cryptocurrency trading services for Bitcoin and other leading cryptocurrencies. It is a more suitable exchange for beginners to buy a first Bitcoin.

The major drawback of Coinmama is its relatively high fees. Coinmama charges approximately 5.9% fees per transaction. But they provide excellent support for any kind of issues that adds value for money. So, read our article fully to get honest and accurate Coinmama reviews.

What Is Coinmama?

Coinmama is a crypto exchange that was founded in 2013 in Israel. Later on, Coinmama registered in Dublin, Ireland under the name New Bit Ventures Ltd. This exchange allows clients to buy and sell coins from various cryptocurrencies using multiple modes of exchange like Apple Pay, Google Pay, credit card, bank transfers, or wire transfers like SWIFT and SEPA.

Buying Bitcoin or other leading cryptocurrencies becomes easier if you have a registered Coinmama account. Coinmama is the perfect platform for first-time Bitcoin buyers. However, seasoned buyers can switch on to other platforms anytime as they wish.

Coinmama Services

Coinmama provides brokerage services to buy Bitcoin and other leading cryptocurrencies. Unlike other exchanges that allow users to buy coins from other people, at Coinmama, users can directly purchase crypto coins from the exchange itself, as Coinmama sells Bitcoin directly to clients.

Coinmama allows clients to buy and sell their Bitcoin even if they were purchased from a different exchange other than the Coinmama exchange. This saves a lot of time for the clients as they don’t have to look for buyers to sell Bitcoin. The Coinmama exchange is also making serious efforts to reduce the brokerage fees as much as possible.

Advantages of Coinmama Exchange

) Instant Buying of Bitcoins

Coinmama accepts multiple modes of payments, which makes processing easier and faster. Paying through bank transfers, credit cards, or wire transfers helps clients to receive their coins within minutes.

2) Instant Selling of Bitcoin

Coinmama also allows users to sell BTC even if they were purchased on a different crypto exchange.

3) High Spending Limits

Traders can buy Bitcoin whenever they want to buy, worth up to 30,000 USD at a time. The minimum number of Bitcoins that can be bought on Coinmama is 60 USD or its equivalent in EUR/AUD/CAD GBP/JPY. However, the buying limits depend on the account level of the clients, with daily buying limits set at 5,000 USD, and the monthly buying limit set at 15,000 USD.

There are 3 Coinmama verification levels procedures that the users need to go through for making any kind of purchase. The sending limits increase with each level of verification. In the Level 1 verification process, traders need to produce 1 valid government ID, like a voter card, or a driver’s license, a selfie of the trader holding that ID card, and a note with “Coinmama” and the specific date written on it.

In the Level 2 verification process, the traders need to upload a secondary ID and a valid utility bill.

In the Level 3 verification process, traders are required to fill the form at the Coinmama exchange’s website.

4) Safety Features

Coinmama provides a safe cryptocurrency exchange community to buy and sell Bitcoin. Coinmama never stores the payment information of any client like their account details or wallet addresses, which helps in protecting the customers’ funds or bank account details. Clients can use third-party broker wallet addresses to have full control over their Bitcoin holdings.

5) User-Friendly Platform

Unlike most other cryptocurrency exchanges that require a learned professional to help traders to use the trading platform, Coinmama is self-explanatory. One can easily understand the working procedures of the exchange by logging into the Coinmama website. One can find every single detail there, and the registration process is also straightforward. Traders need to sign on to the Coinmama website and register by providing basic details like full name, address, phone number, and a valid email ID. Then, they are required to lock their login credentials with a strong password. Ensure that you remember the password every time you log in to the broker website, write it on a piece of paper if necessary, keep it in a safe place, and never share it with anyone.

Then, there will be three stages of Coinmama to verify your account (Level 1, 2, and 3) wherein each level; the trader needs to produce specific ID proofs to verify his details. After that, the crypto enthusiast needs to click on the “Buy” tab and choose the preferred crypto that he wants to buy. The next step is to decide the amount that the trader wants to spend on purchasing his preferred coins. Once he clicks the “Buy Now” tab and submit the payment details, the purchased coins would be credited to the trader’s wallet.

6) Supports Multiple Currencies and Payment Methods

This is perhaps the most sought-after benefit that people look for. At Coinmama, people can choose any crypto pair of their choice from the long list of cryptocurrencies that the exchange supports. Tradable digital currencies include Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Cardano, Litecoin, Tezos, Ripple, and Dogecoin.

Apart from the advantage of multiple currencies, Coinmama users also enjoy the privilege of multiple payment methods. Coinmama accepts credit and debit cards issued by Visa or Mastercard. The company has also started accepting payments by a bank transfer (SEPA and SWIFT) with 0% processing fees. It has also recently collaborated with Apple Pay & Google Pay and now Coinmama supports payments via those gateway. Prices are denominated in EUR, AUD, USD, GBP, CAD, or JPY.

7) Worldwide Support

Coinmama offers its brokerage services worldwide in over 188 countries except for some sanctioned countries and several US states.

8) Customer Service

Coinmama focuses on delivering better customer support services and customer experience to clients so that the transactions are super quick. The new bit ventures platform has a complete customer service center with a dedicated support channel that can be reached through emails. The customer support Coinmama team tries their best to answer the client queries within a maximum of 24 hours.

Disadvantages of Coinmama Exchange

Our review finds that the major disadvantage of Coinmama is its fees. Due to higher fees, traders prefer to leave Coinmama and join other exchanges to get the benefits of lower exchange fees.

The price stated on the Coinmama website includes the company’s brokerage fee of 5.9%. The base price is calculated based on TradeBlock’s XBX index. A 5% extra credit card processing is added to the stated price, which means Coinmama’s price stands at 5.9% above the market rate. Let us find out the fees in detail.

1) Credit Card Fees

Though the ability to use credit and debit card, for purchasing cryptos on the Coinmama exchange is a boon for traders, they are very expensive. If any of these cards are used, one needs to pay an extra charge of 5% above the rate that the Coinmama exchange charges. This extra cost needs to be paid irrespective of the cryptocurrency exchange used for purchasing cryptos; extra costs always accrue every time traders use fiat money (debit card or credit card).

2) Coinmama Fees

On top of the credit or debit card fees charged on the Coinmama exchange, there is also an average fee of 5.5% to 5.9% for every transaction made on the Coinmama platform. However, the exact and the minimum fee depends on the number of cryptos a trader intends to buy. These escalating fees can turn out to be expensive for regular buyers who intend to buy a larger number of cryptocurrencies; normally Coinmama is not for regular buyers; it is for beginners. On the contrary, it is also very true that whichever exchange you buy your cryptos from, if you are using real money, there will be high trading fees involved, and Coinmama is no exception.

However, this is to be noted that there are no withdrawal fees on the Coinmama exchange.

3) Limited Number of Coins to Choose From

At Coinmama, traders have a limited option of cryptocurrencies to choose from. It allows traders to buy only 9 cryptocurrencies at a time that includes two leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). This is a disadvantage of Coinmama compared to other crypto exchanges like Coinbase – One of the top Bitcoin exchanges, which offers more than 100 cryptos to its users.

Steps to Buy Crypto Currency on Coinmama Exchange

With Coinmama, purchasing cryptocurrencies is no more a daunting task. The whole process gets completed within a few minutes. Here are the few steps that we found while making this review that makes the crypto buying process easier on such a platform.

1) Choose Your Coin

This is the first step where traders need to log into their Coinmama cryptocurrency account and choose the preferred coin they want to buy and the digital currency they want to make the payments with. Very few crypto exchanges allow traders to trade with fiat currency. Coinmama is one of them that allows traders to make payments using credit or debit cards (fiat money) for purchasing Bitcoin directly from the exchange’s website.

2) Select Amount

After you have finished selecting your coins, you can choose any of the cryptocurrency packages from the exchange’s website. Or else you can manually enter the specific purchase amount that you would like to spend for buy Bitcoin. Click on the “buy now” option.

3) Enter your Wallet Address

Set up top crypto wallets and then enter your wallet address from the preferred third-party wallet provider (broker) This is necessary to send or receive Bitcoin that will be stored in the wallet.

4) Choose the Payment Mode

After you enter the personal wallet address, you will be directed to a page where you will be asked to select the multiple payment options that you prefer. There is a drop-down menu with multiple options like a credit card, debit card, wire transfers. For this, you need to provide your credit card information or bank account numbers.

5) Receive Cryptos Into Your Wallet

A wallet confirmation link will be sent to your registered email address. Click on the link and confirm your wallet address after which you will be sent your purchased BTC into that wallet address. You will be able to track the status of the purchase under the “My Account” tab on the exchange’s website.

Who Should Opt for Coinmama Exchange?

Coinmama platform is best suited for first-time cryptocurrency buyers. If you have read this full review on the Coinmama exchange, it can be assumed that you now know what the platform is all about. It is a cryptocurrency brokerage service company providing money services business to clients that is secure in all aspects. It allows buyers to directly buy crypto from the exchange itself rather than buying them from other traders trading on the platform.

As per our review, Coinmama platform is best suited for first-time buyers. For first-time buyers who currently don’t own any cryptos can easily buy them using their credit/debit cards or even wire transfers on the exchange.

Even if the traders at any point in time decide to buy a less popular crypto coin, they can easily trade it with other leading crypto assets like Bitcoin or Ethereum, which makes Coinmama a fitting platform to start. Traders can easily transfer their cryptos to buy Bitcoin or Ethereum anytime with other available cryptos on exchanges that list the cryptos that the traders want and then trade them with their cryptos. Trading your preferred cryptos on Coinmama is as simple as that.

There are multiple exchanges like the Coinmama crypto exchange. Even if you don’t find your preferred cryptos on Coinmama, visit other similar exchanges that offer more crypto options for cryptos.

Conclusion: Is Coinmama Right For You?

The short answer is Yes! Coinmama is a perfect platform for users who want to buy Bitcoin instantly with ease, But the transaction fees are too high(5.5% – 5.9% approx). Coinmama review scores down due to high fees, lack of crypto wallet, and no mobile app. Though, Coinmama gets full stars in case of ease, quick transaction, and customer support.

As Coinmama is providing tremendous support in case of any issues, It is highly recommended for beginners. Coinmama does have a comparatively higher fee structure, but it compensates with excellent customer service that adds value to the money.

FAQs

Looking at the FAQ page, we found the following FAQs:

Is Coinmama legit?

Yes, as per our review, This Exchange appears to be legit and safe. It is a reputable brokerage service providing company that serves clients settled in almost all countries with a few exceptions.

How long does it take Coinmama to verify?

As per our review of Coinmama, it takes a minimum of 30 minutes to a maximum of 1 hour to complete the process. Once the Coinmama verification is successfully done, Coinmama immediately credits the crypto coins to the trader’s wallet. This immensely helps the traders in times of fluctuations that may lead to spending on buying Bitcoin that the trader had expected.

What are Coinmama fees?

The fees combined of XBX + 2% (standard deviation) & commission fee between 0.9%-3.90% (upto 0.9% on sell transactions & 3.90% on buy transaction) which depends on loyalty level also. Total fees stand approximately at 5.9% which goes down the more you buy. Also, when it comes to OTC exchanges, these prices are not far from competitive and other OTCs are even more expensive when using credit cards, but have hidden additional fees.

However, traders can also use wire transfers like SEPA, SWIFT, Sofort, Fedwire, FasterPayments, etc., instead of credit card; with this, they can save 5% in total fees.

What states does Coinmama work?

So far, by reading Coinmama reviews, we know that this exchange is an active broker across 188 countries and the following 43 US states:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Does Coinmama provide a wallet?

No, there is no specific Coinmama wallet as they don’t provide such service; traders have to provide their preferable digital wallet address.

CoinSpot Summary

Headquarters Australia

Found in 2013

Native Token None

Listed Cryptocurrency 290+

Trading Pairs 9000+ for Coinswap

Supported Fiat Currencies AUD

Supported Countries Most of All

Minimum Deposit $1

Deposit Fees Bank transfer: None, BPAY: 0.9%, Cash Deposit: 2.5%

Transaction Fees 0.1% & 1%

Withdrawal Fees AUD – Free

Application Yes

In this CoinSpot review, we tried to cover all the important parts related to its features, services provided, fees, registration process, etc., so that traders can make a better choice.

What is CoinSpot?

CoinSpot is an Australia-based (having its headquarters in Melbourne) cryptocurrency exchange founded in 2013 by Russell Wilson, a renowned personality who had acquired major experience in creating online security software.

The platform provides a safe and reliable platform for trading (buying, selling, or exchanging) cryptocurrencies. The company has become the official member of the ADCA or the Australian Digital Commerce Association, a non-governmental agency known for its unputdownable commitment towards providing legal protection to its registered clients.

The CoinSpot exchange allows its registered users (individuals, Super Fund investors, and companies) to instantly buy or sell cryptocurrencies (mainly Bitcoin). It also allows them to trade in the open market by speculating crypto prices and earning potential profits.

CoinSpot is licensed under the ‘Casey Block Services Pty Ltd ABN 19 619 574 186 and regulated under the highly governed financial sector in Australia to secure the exchange’s operations with its investors.

How Does CoinSpot Work?

CoinSpot works in the same way as any other digital currency exchange. It matches buyers with the sellers and charges a trading fee, often called a ‘spread’ for its services. When users first register their account with CoinSpot, they must deposit some money into their CoinSpot account via bank transfer or via cryptocurrencies. Once the account is funded, traders can instantly start trading on the platform.

Features of CoinSpot

The CoinSpot exchange offers the following features to its registered clients:

The platform is made user-friendly to suit the needs of all investors- new or experienced.

CoinSpot offers ‘Trading View’ charts and other advanced order types.

Traders can instantly trade cryptocurrencies (buy, sell or exchange) from amongst the huge list of supported crypto coins; more than 210 crypto coins are available at CoinSpot.

Apart from cryptocurrency deposits, the platform also allows cash deposits and fiat currency deposits like BPAY, POLi payments, PayID.

The exchange employs robust security measures to protect client funds and information and possesses ISO accreditation for IT securities.

Responsive customer support team and ‘Over-the-Counter’ support desk for traders (Australian Super Fund investors).

Employs an ‘Affiliate program’ to reward users up to 30% of commissions on referrals.

Services of CoinSpot

CoinSpot overshadows other cryptocurrency exchanges with the following useful features:-

Instant Trading

CoinSpot is an instant crypto exchange that allows traders to buy or sell Bitcoin without negotiating its price readily; the platform owns crypto assets that can be readily traded by the registered traders. Furthermore, It provides an additional price chart for both desktop and app users, which helps them execute technical analysis for good.

Affiliate Program

CoinSpot levies a transaction fee on fiat currency deposits, and thus the more traders buy or sell on the platform by funding their accounts with fiat currency deposits, the platform generates more revenue. Thus, the exchange engineered an affiliate program for users to encourage them to bring in more users. With the affiliate program, one can earn a commission of up to 30% on the trading fees of those who have registered using their referral link. Thus, users can decrease their trading fees by bringing in more users and earning commission on their trading fees.

Supported Cryptocurrencies

Having started its journey with the only Bitcoin CoinSpot now covers over 200 crypto coins available for instant trading (buying and selling) in AUD, including Bitcoin, Ethereum, Litecoin, Ripple, EOS, Stellar, NEO, Tron, etc., it also accepts DeFi tokens and supports other financial protocols like Aave, Uniswap, and Compound.

CoinSpot Bundles

CoinSpot bundles are special tools that help traders to diversify their cryptocurrency portfolio. Buying coins in bundles allows traders to purchase a significant amount of crypto assets in a single transaction, which saves a lot of time and fees.

CoinSpot Review: Pros and Cons

Creating a CoinSpot Account

The CoinSpot login process is quite simple and can be easily completed by following these steps:-

Account Creation

To create an account on the CoinSpot crypto exchange platform, traders need first to visit the CoinSpot website and click on the “Register” button to find it at the top right-hand corner of the page. After this, they can directly start the registration process by clicking on “Create Account,” which will open a registration form with personal details like username and password and email address. An auto-generated link will be sent to the users’ email id to confirm the email address. Further, the account will be activated, and the primary login and registration process ends.

D Verification

Traders are not allowed to deposit or withdraw funds on CoinSpot crypto bank account without completing the ID verification process (as per the AML policies) that requires them to upload scanned documents, preferably government-issued ID proofs like passport or driving address that has details like full name, address, date of birth and phone number. It also requires a trader to upload a selfie photo that has him holding any of the IDs.

Start Trading

After the verification process is complete, traders can directly deposit funds in AUD (Australian dollars) or any other supported crypto coins into their accounts using any supported deposit methods and begin trading without any restrictions.

Deposit & Withdrawal Methods

This Australian cryptocurrency exchange offers wire transfers as one of its deposit methods, but users cannot deposit funds to their CoinSpot crypto bank account via credit card. Other payment methods include POLi payments or PAYID payments, or instant AUD deposits. No fee is charged by the company for these deposits). However, a flat fee of 0.90% is charged by the payment service providers on payments made via BPAY and a flat 2% for any Cash deposit.

POLi Pay: A bank transfer method owned by Australia Post that allows users to deposit funds instantly free of any fee makes it a favorable option for many.

BPAY: Another reputed Australian brand that is widely popular across 45,000 vendors. It is more like an e-wallet system that processes daily payments instantly within a day.

Blueshyft Cash Deposit: Blueshyft allows users to deposit hard cash into the CoinSpot account directly. The brand has over 1,200 branches in Australia at various news venues.

PayID: It is yet another instant deposit method offered by CoinSpot that operates under the NPP (New Payments Platform) in Australia. Though PayID deposits are free, the daily limits for all banks vary.

Direct Deposit (with Osko): The direct deposit method is also a direct bank transfer method that works in combination with Osko (another Australian payment service provider. CoinSpot charges no fees for using this direct deposit method to deposit their funds into the exchange or via a bank transfer.

CoinSpot Fees

CoinSpot charges the following fees from its registered users:-

CoinSpot Deposit Fees

CoinSpot does not charge any fee for making crypto deposits via a bank transfer. However, if the deposit is made via fiat currency or cash, there is a specific fee charged; the exchange charges a fee @2.5% (for cash deposits) or 0.9% (for BPAY deposits), which are actually the transaction processing fees and surcharge charged by traditional banks.

CoinSpot Withdrawal Fees

There is no withdrawal fee charged for withdrawing funds using bank transfers like POLi or PayID. However, a nominal mining fee (blockchain network fee) is levied on users for cryptocurrency withdrawals from another exchange or a hardware wallet that, in turn, depends on the coin and the network load at that time.

However, check the below table to know about the trading fees of this Exchange platform:-

CoinSpot Trading Fees

Normally, trading fees apply to the newbie traders who have just set out their career in cryptocurrency trading using AUD. Every time traders place a trade on CoinSpot, the exchange charges a trading fee which flat 1% for all- buying, selling, or swapping cryptocurrencies. Likewise, for placing a take profit or stop-loss orders or recurring buys (in case of dollar-cost averaging), the fee is 1%. While the trading fee to use the exchange’s Over-the-Counter (OTC) desk is 0.1%.

Unlike other cryptocurrency exchanges, CoinSpot does not differentiate users according to the maker-taker model; instead, they levy a flat fee of 0.1% from all users. Therefore, the flat fee of 0.1% applies to both the makers and the takers of the crypto market. Also, the trading fees charged by CoinSpot are below the industry average (which is around 0.25% elsewhere and thus, it provides a competitive edge for the platform. Check the below table to know CoinSpot Trading Fees:-

Is CoinSpot Safe to Use?

Safety and security are the most significant concern for all crypto users- beginners or experienced. With crypto scams popping up every other day, it becomes even more crucial because no one wants to be a victim. Thus, CoinSpot employs robust security measures and complies with the ‘International Organization for Standardization for its security mechanisms.

Also, CoinSpot being a certified member of Blockchain Australia, and a registered member of the ‘Australian Digital Commerce Association,’ and registered with AUSTRAC, an Australia-based anti-money laundering, and counter-terrorism regulator, makes it safer.

Besides, CoinSpot is the only Australian crypto exchange accredited for its security systems by ISO. Also, to protect user funds against hacking, the exchange uses 2FA (two-factor authentication) that requires traders to enter a code generated on their registered mobile device to sign in to the CoinSpot platform.

CoinSpot Customer Support

There is a comprehensive Help Centre containing useful trading guides and great customer service dedicated FAQ section to help newbie traders get started with CoinSpot. Thus, if traders face any trouble while trading cryptocurrency on CoinSpot, they can directly contact the support team. The section covers useful information related to the following topics:

The section covers topics such as:-

• Verification and login
• 2FA protection and account security
• AUD deposits to the Australian based exchange
• Trading on the exchange
• Sending and receiving crypto coins
• Fund withdrawals

Despite these, if users don’t find the FAQ section enough to clarify their queries, they can directly contact the customer support team by using the “Help” widget at the bottom right corner of the website. The widget is like a form where a specific question can be asked by a trader that will be answered by the team immediately or within a maximum of 24 hours during business days.

CoinSpot’s main support option is provided by the leading customer service provider ZenDesk that has over 200,000 clients around the world, and thus its customer service cannot be questioned.

Our Verdict on CoinSpot

CoinSpot is one of the largest cryptocurrency exchanges in Australia that is fully compliant with the Australian financial laws, so people feel secure when trading on CoinSpot. Moreover, its enhanced security system makes it a reliable exchange for both crypto newbies and veterans.

According to our CoinSpot review, we can safely conclude that CoinSpot is not a scam but rather an amazing platform for cryptocurrency trading with a lot going in its favor. It provides plenty of options to the registered users that are significantly beneficial; there are options in the payment and withdrawal methods, type of cryptocurrencies traders want to trade, mode of trading – desktop or mobile app, etc.

FAQs

Is CoinSpot Trustworthy?

Yes, CoinSpot is a trusted cryptocurrency exchange and one of the few exchanges that has never been hacked since it was founded in 2013. It is also the first-ever Australia-based cryptocurrency exchange conferred the globally accredited ISO 27001 certification for its robust information security mechanisms.

Is CoinSpot Regulated?

Yes, CoinSpot is licensed under ‘Casey Block Services Pty Ltd’ (ABN 19 619 574 186) and regulated under the highly governed financial sector of Australia. Also, it is a registered member of Blockchain Australia, Australian Digital Commerce Association, and AUSTRAC.

How Do I Withdraw Money From CoinSpot?

Users can withdraw money anytime from CoinSpot via bank transfers for free. They need to fill up a withdrawal form stating how much money they wish to withdraw and where they want to send the money to. Traders can do this by clicking on the ‘Account’ tab and then filling in the bank details and account number they wish to send their funds to.

What Cryptocurrencies Does CoinSpot Support?

The Australian exchange supports more than 200 cryptocurrencies available for trade, exchange, and swap. The supported digital currencies include Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, NEO, Cardano, TRON, EOS, and Stellar Lumens. Besides cryptocurrencies, the exchange also supports DeFi tokens like Aave, Compound, Uniswap, Yearn Finance, and Sushi.

Is CoinSpot Good for Day Trading?

Yes, as per our review, the exchange allows day trading. As a result, traders can execute a trade at any time during the day and close all trade positions within the same day.

Which Countries are Supported by CoinSpot?

CoinSpot Australia services are restricted only to Australian citizens. However, if the user is based outside the Australian jurisdiction, they need to deposit funds only via cryptocurrencies.