Coinspot and Digital Surge are two of the best crypto exchanges available in Australia. In today’s post, we’ve done a side by side comparison so you can figure out which one is right for you.
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- Longest standing exchange
- Big selection of coins
- Not as user friendly
Australian-based Coinspot is a cryptocurrency trading and exchange platform that was founded in 2013. With 290+ cryptocurrencies available on their site, it’s one of the top exchanges in Australia.
- Lower trading fees of 0.5%
- Easy-to-use interface
- No credit card & debit card deposits
Digital Surge, an Australian cryptocurrency exchange platform, has been in the crypto industry since 2017. It is one of the most trusted exchanges in the country and includes cryptocurrencies such as Bitcoin, Ethereum, XRP, and 200 other digital currencies.
How much does it cost to trade on Coinspot and Digital Surge?
First, let’s take a look at how deposit fees work. Deposits on Coinspot costs 0. On Digital Surge they charge POLI: $2 to $3.30, PayID: None for a deposit.
When it comes to buy fees Coinspot charge 0.10% and Digital Surge charges 0.50%.
When selling Bitcoin or other cryptocurrencies, Coinspot takes 0 while Digital Surge is 0.50%.
Coinspot offers 4 methods to deposit AUD on their platform. They are bank transfers, BPay, PoLi, and PayID. which makes it easy for users as they’re already familiar with these methods.
The daily limit is 0 but for most people this shouldn’t be an issue.
Digital Surge provides these options: PayID, POLi, Cryptocurrency. Their daily deposit limit is $100k.
Taking this into account, we recommend Coinspot for easy deposits.
Coinspot is an established exchange in Australia. They offer high security measures to protect their customers’ assets with the following techniques:
ISO 27001 Certification, HackerOne Bug Bounty Program, Industry Best Practice Offline Storage Protocols – all in an effort to keep you safe while trading on CoinSpot.
Digital Surge is also hughely popular exchange in Australia. They use the following methods:
Secure & instant 24/7 deposits via PayID and POLi, Regularly updated multilayered security, 2 factor security for all withdrawals.
Both exchanges are secure, but it appears that Coinspot has better security over Digital Surge.
Coinspot mobile app is a highly rated one with 2.5 stars on Apple’s App Store. It has an easy and intuitive UI that makes it great for beginners, and experienced traders alike.
Digital Surge does not have an app, however its website is accessible through a mobile browser, and is simple enough to use.
Coinspot is your best bet for traders who value a great mobile app.
Both exchanges have great service but if I’d had to pick one overall it would be Coinspot.
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