CoinSpot review: score, licensing and risks
72/100SCORE · BMixed record
Grade B, very good
Australia's largest exchange by user count, AUSTRAC registered, which covered its 2023 hot wallet loss itself with no customer impact.
The facts
- FOUNDED
- 2013
- HEADQUARTERS
- Australia
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Established venue in Australia
- Local AUD deposit and withdrawal rails
✗ Weaknesses
- Australia focused, so limited use elsewhere
- Less independent scrutiny than the global majors
- Smaller asset list and thinner liquidity
Incident history
2023
Around 2.4 million dollars was taken in a hot wallet compromise. CoinSpot covered the loss with no customer impact.
Our read
Australia's largest exchange by user count, AUSTRAC registered, which covered its 2023 hot wallet loss itself with no customer impact.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.