Coin Spot is a digital currency trading platform. It allows users to buy and sell bitcoin, Ethereum, ripple, Litecoin and other major cryptocurrencies. The company also allows users to trade in over 100 different fiat currencies. You can sign up for an account on the website or download their mobile app on your phone.

Coin Spot offers some of the lowest fees in the industry. For example, buying bitcoin is 0% and selling it is 1%. Users can buy bitcoin using Australian dollars (AUD) or US dollars (USD). You can also deposit funds into your account using PayPal if you don’t want to use your credit card or bank account.

Coinjar was founded in 2013 by Asher Tan who worked as a financial advisor before founding this company. They are based in Australia but they operate worldwide with offices in London and Singapore. The company offers similar services like Coin Spot but instead of offering cryptocurrencies, they only offer brokerage services for stocks and ETFs.

The first question that comes to mind when you look at the two is, “What are the differences?” To be honest, there really aren’t any major differences between the two. They both offer an easy way to buy, sell and store your cryptocurrency. They both have great customer service, with plenty of useful information online. The only real difference you’ll find is their fees and how they’re structured. Let’s compare CoinSpot vs Coinjar with Coin Culture:

Fees

When comparing fees between Coin Spot and Coinjar, it’s hard to say which one offers cheaper fees for buying or selling cryptocurrency. The fees seem about even, and in some cases, one might be slightly higher than the other. However, there are a few things you should consider when looking at these two exchanges:

Coinjar does not charge any fee for depositing money onto the exchange, whereas Coin Spot charges a flat $10 fee for deposits over $200 AUD. This means if you want to deposit more than $200 into your account at Coin Spot then expect to pay an extra fee on top of this amount.

Verification process

The verification process for both exchanges is fairly straightforward, requiring only your email address and mobile phone number to get started. However, if you want to deposit more than $5,000 per week into either exchange then you need to submit additional documents like proof of ID and proof of address. In addition, Coin Spot requires users to complete a ‘Know Your Customer’ form before they can trade on the platform.

Security

Coin Spot and Coinjar both offer secure trading platforms with high levels of security. Both companies employ cold storage for their users’ coins, meaning that your funds are never stored online where they could be hacked or stolen. The only difference is that Coinjar has an additional layer of protection in place called multi-signature wallets.

Multi-signer wallets require multiple keys before they can be accessed by anyone. This means even if the company gets hacked and your account is drained, you’ll still have access to your funds because you’ll need to enter more than one password before accessing them again! Coin Spot takes security very seriously, which is why it has partnered with Robocoin, one of the world’s leading manufacturers of retail bitcoin ATMs. Robocoin’s ATM machines provide customers with an easy way to deposit funds into their accounts and withdraw funds from their accounts using cash or credit/debit cards.

Coin Spot also allows users to purchase cryptocurrencies using bank transfers, credit/debit cards and cash deposits at over 1,000 locations across Australia through its partnership with CoinJar.

Crypto-to-crypto trading

Coin Spot allows you to trade Bitcoin and Ethereum against Australian dollars, while Coinjar doesn’t support this feature. However, Coinjar offers more cryptocurrencies to trade against Australian dollars (BTC/AUD and ETH/AUD), while Coin Spot only allows you to trade BTC/AUD.