Compare the best alternatives to CoinSpot

CoinSpot alternatives

Compare the best alternatives to CoinSpot for Australian crypto traders.

Updated 7 Apr 2025 |

Comparing of 4 CoinSpot alternatives

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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

Australian-based platform with AUSTRAC regulation.
Access to 440+ crypto assets.
Quick customer support—live chat replies within 5 minutes.
Integrated tax reporting for easy tracking.
Supports trading in AUD, USD, and NZD.

Cons

Limited access to advanced trading markets.
Trading fees start at 0.6% for regular users, higher than some competitors.

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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

Fee-free deposits and trading fees starting from 0.02%.
Built-in tax calculator to simplify your tax return process.
Australia's first insured cryptocurrency exchange.
ISO certified and has an AUSTRAC license.

Cons

Limited selection of cryptocurrencies compared to other platforms.
1% deposit fee for transactions made with debit/credit cards or PayPal.

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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.

Pros

Stock fees are low, helping you keep more of your returns.
Pricing is competitive, giving you good value for your trades.
Access to a wide range of markets.
The platform is simple to use, even if you’re new to trading.
Social trading lets you follow and learn from experienced investors.
Access to market news and trader insights.

Cons

Customer support is limited.
Advanced traders may find the analytical tools too basic.
Withdrawals come with a $5 fee, which can add up over time.
Only a few account base currencies are available, which may lead to extra conversion costs.

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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

Well-established platform since 2013.
Trade easily with Australian dollars.
Competitive fees for quick buys and sells.
View and copy portfolios of successful traders.
Fast and straightforward trading with the Cointree app.
24/7 customer support is available.
AUSTRAC regulated for added security.

Cons

Account verification can take up to 48 hours.
No access to a spot market for direct trading.
Maximum trade size is limited to $50,000