Coinspot and Exodus 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.
|visit site||visit site|
|Currencies Accepted||AUD||doesn’t accept fiat currencies|
- Longest standing exchange
- Big selection of coins
- Not as user friendly
Coinspot is a cryptocurrency trading and exchange platform that was conceived in 2013. After operating for that long, the company gained a great reputation amongst its users and is one of the best crypto exchanges on Australian soil. It currently offers BTC/AUD as well as 290+ other assets for purchase with AUD.
- Total control over your crypto assets
- Integration with Trezor hardware
- Can’t withdraw to a fiat currency
Exodus, an American cryptocurrency exchange platform, has been in the crypto industry since 2015. It is one of the most trusted exchanges in the country and includes cryptocurrencies such as Bitcoin, Ethereum, XRP, and 145 other digital currencies.
Let’s take a look at the prices for buying and selling Bitcoin on Coinspot vs Exodus.
The first thing to consider are the deposit fees.
First you’ll need to deposit your AUD on the exchange. Coinspot takes a cut of 0 and Exodus charges a 0 for deposits.
Coinspot charges 0.10% of your purchase price while Exodus charges variable spread.
When selling crypto – Coinspot charges 0 while Exodus is variable spread.
Coinspot offers 3 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.
Exodus offers a few methods to deposit AUD to your account. They are:
The daily deposit limit is 1 DOT.
Overall, Coinspot is a better option because it has more deposit methods available which makes it easier to transfer funds.
Coinspot is one of the most secure exchanges in Australia. They use a variety of methods to protect their customers from hackers, including:
ISO 27001 Certification
HackerOne Bug Bounty Program
Exodus also takes security seriously with several measures in place for protecting your assets. Among these features are:
Users are responsible for safely storing their crypto
require personal information for accounts
Exodus doesn’t hold funds
With this in mind it appears that Coinspot has better security over Exodus.
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.
While Exodus does not have an app, it’s website is accessible through a mobile browser.
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.
Sign up now using the links below: