Coinspot and Crypto.Com are two of the best crypto exchanges available in Australia. In today’s post, we’ve compared the two so you can make the right choice.
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Coinspot is a Australian cryptocurrency trading and exchange platform. It was conceived in 2013. The company has gained popularity amongst its users due to their commitment towards security as well as ease-of use features that are available on all platforms including mobile apps for Android or iOS devices so you can trade anytime anywhere.
Crypto.Com, a Hongkongers-based cryptocurrency exchange platform, has been in the crypto industry since 2016. It is one of the most trusted exchanges in Hong Kong and includes cryptocurrencies such as Bitcoin, Ethereum, XRP, and over 150 other digital currencies.
The first thing you should consider when comparing these two exchanges are their fees, so let’s explore that in more detail here:
First you’ll need to deposit your money on the exchange in AUD. Coinspot takes a cut of 0 and Crypto.Com charges a 0 for deposits.
When it comes to buy fees Coinspot charge 0.10% and Crypto.Com charges 0.4.
When you go to sell your Bitcoin or Crypto Coinspot charges 0 and Crypto.Com takes a 0.4 cut.
After depositing, buying, selling and withdrawing, Coinspot is the best option.
Coinspot offers 5 methods to deposit AUD. These are:
bank transfers, BPay, PoLi, and PayID.
The daily deposit limit is 0. Most people won’t need to worry about hitting that limit.
Crypto.Com offers a few methods to deposit AUD to your account. They are:
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
The daily deposit limit is 500 USDC.
Overall, Coinspot is a better option because it has more deposit methods available which makes it easier to transfer funds.
Coinspot is well known for their security measures. They use the following methods:
ISO 27001 Certification
HackerOne Bug Bounty Program
Industry Best Practice Offline Storage Protocols
Crypto.Com also takes the security of their customers seriously. Here is what they do to protect your assets:
We use MultiFactor Authentication (MFA)
We ensure withdrawal protection
provide 24/7 live customer support
While both exchanges are secure, it appears that Coinspot has better security over Crypto.Com.
Coinspot mobile app is highly rated by their users with a user rating of 2.5 on the Apple app store. It has a great and easy to use user interface.
Crypto.Com also has a great mobile app. It’s very simple for beginners, however it does lack some advanced features that experienced traders will miss.
Coinspot is your best bet for traders who value a great mobile app.
Either exchange is a great choice with a great service but Coinspot comes out on top for me.
Sign up now using the links below: