As for deposit and withdrawal fees, CoinSpot does not charge any fees to withdraw AUD. For crypto withdrawals, CoinSpot will charge anywhere between 0.0003 - 0.001%.
AUD withdrawals are FREE. CoinSpot does not charge any fees to withdraw your AUD to your nominated Australian bank account. There is also no minimum or maximum withdrawal amount.
In order to enable withdrawals you will need to upload an Authorisation photo. Your Authorisation photo should look like the example below and include yourself, the photo ID used to verify your account and a handwritten authorisation statement.
Transaction Fees on CoinSpot
There will be no hidden costs, and you will only pay one flat fee. Market Trades: 0.1%– All market trades will be subject to a 0.1% fee.
At CoinSpot, we do not charge any fees when members places their coins into CoinSpot Earn. Members will receive rewards for placing their coins into CoinSpot Earn.
As for deposit and withdrawal fees, CoinSpot does not charge any fees to withdraw AUD. For crypto withdrawals, CoinSpot will charge anywhere between 0.0003 - 0.001%.
CoinSpot's commitment to enhanced security provides users with peace of mind, knowing that their assets are well-protected. Whether you're just starting your cryptocurrency journey or seeking a secure platform for advanced trading, CoinSpot is an exchange that combines ease of use with strong security measures.
Because most Bitcoin blocks are only 1MB-1.5MB, each block processes a limited number of transactions, leading to long waiting periods and, sometimes, higher fees.
Users pay with GAS to deploy and run smart contracts. Fees are proportional to the computing resources consumed by the contract.
Risks of Trading and Holding Crypto or Digital Currencies. The trading or holding of coins, tokens, crypto, digital currencies, or digital assets of the like (collectively "Coins") involves significant risks, the losses can be substantial and any loss and liability you incur is not insurable.
Withdrawing AUD has been made easy using the CoinSpot Mobile App! CoinSpot features the use of instant AUD liquidity, which can then be withdrawn directly to your chosen AU bank account! We offer this through the desktop web browser and mobile app version.
CoinSpot offers Australia's largest variety of digital assets with over 390 coins listed where users can buy, sell & swap benefiting from the lowest fees starting from 0.1%. Trade with peace of mind knowing that CoinSpot has the highest level of globally recognised security certification in Australia.
They don't have an AUD withdrawal limit according to their website. Most I've withdrawn in a day would be about $60,000. Be sure to put that kind of volume through the market when selling (assuming you're selling one if the tokens which has a market) to pay 0.1% fee rather than 1%.
AUD withdrawal request will be processed on the same day if submitted before 2pm (AEDT) on a Business Day, (Mon - Fri). The funds are expected to appear in your bank account the following day. Requests submitted on a weekend after 2pm will be processed on the next Business Day.
Although most coin and token withdrawals are processed immediately, withdrawals can take up to 12 hours. We endeavour to process your withdrawals and have them broadcast on the Blockchain as soon as possible. However, we are unable to guarantee instant withdrawals.
CoinSpot and Binance are both ISO 27001 certified, use multi-layered security, and allow users to keep their digital assets offline. However, CoinSpot is the winner as it has been a well-established exchange with high security and its customers have never experienced security issues since it was founded.
CoinSpot's free multicoin wallet provides your very own wallet address for every asset on the CoinSpot exchange. Simply go to the Receive section of your desired wallet where you will find the Generate Deposit Address button.
Deposit using BPAY
At CoinSpot, we offer users the ability to deposit via BPAY! Using a Unique Biller Code and Customer Reference, you may choose BPAY as a depositing method. Please do note that BPAY deposit method incur a Deposit Fee of 0.9% and may take 1-2 business days based on your banking provider.
According to bitinfocharts.com data, the median-sized fee is 0.0004 BTC or $11.05 per transfer.
If you're a Coinbase customer, you can also send crypto to any email address in 100+ countries instantly and for free. Just open your Coinbase app, select the crypto and an amount, enter the recipient's email address, and hit send.
There is no limit on how many trades can be made!
Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Secret for free. If you are holding Secret as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account.
Tradable Coins
One of the main reasons we picked Coinbase for our list of best crypto exchanges in Australia is because it offers a wide range of tradable cryptocurrencies. With more than 150 cryptocurrencies available for trading, Coinbase provides investors with a vast selection of assets to choose from.