CoinSpot alternatives

Compare the best alternatives to CoinSpot for Australian crypto traders.

By   |   Verified by David Boyd   |   Updated 14 Aug 2024

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Comparing CoinSpot alternatives

Swyftx

On website

Featured

Swyftx

Highlights

  • Swyftx is an established Australian-based exchange and is registered with AUSTRAC.
  • Easy to use and very user-friendly with a great range of coins to trade.
  • Swyftx has a demo mode so you can get used to trading with them before spending any of your money.

Pros

  • Trade more than 300 crypto assets through the Swyftx platform.
  • Offers tight spreads and low trading fees.
  • Get support within 5 minutes through their live chat.
  • Practice trading with a demo mode.

Cons

  • Lacks access to advanced trading markets.
Independent Reserve

On website

Independent Reserve

Highlights

  • Deposit funds into your account instantly with no deposit fees.
  • AutoTrader means you can set up automated trades that execute when certain conditions are met, meaning you can dollar cost average.
  • Buy crypto with your SMSF. Also offers reporting and taxation tools for ATO compliance.

Pros

  • Automate your cryptocurrency trading strategy with Independent Reserve's AutoTrader feature.
  • Its built-in tax calculator makes it easier to file your tax return.
  • ISO certified and has an AUSTRAC license.

Cons

  • It has a limited number of supported coins compared to other exchanges.
eToro

On website

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro

Highlights

  • Trade a wide range of coins, including the majors and many altcoins.
  • Find a top-performing crypto trader and copy their trades using eToro CopyTrader.
  • Get started with a demo account and try it out before trading with real money.
Cointree

On website

Cointree

Highlights

  • Simple and clean interface designed for beginners.
  • Trade 160+ coins, giving you exposure to many altcoins (as well as the most popular majors like BTC and ETH).
  • Use your crypto balance to pay bills, which CoinSpot does not offer.

Pros

  • Cointree has competitive fees for quick buys and sells.
  • You can view and copy the portfolios of recently successful traders.
  • Fast and easy trading with the Cointree app.
  • Get customer support 24/7.

Cons

  • Account verification may take up to 48 hours.