Invest in Bitcoin safely in Australia

Buy bitcoin safely in Australia

CoinSpot is a fee-based digital currency (cryptocurrency) trading platform based in Melbourne, Australia. Former programmer Russell Wilson founded CoinSpot in 2013 with two main objectives: to enable anybody to enter the digital currency market, and to promote the widespread acceptance of digital currency assets. CoinSpot’s stated aim is to deliver superior customer service to beginner and experienced traders alike. The CoinSpot platform enables users to buy, sell, send, spend or store digital currencies, without the need for in-depth technical knowledge. In order to trade on the CoinSpot platform, customers need to register a user account. Once registered, it is possible to log in from a desktop, or to transact from a mobile device with the secure CoinSpot multi-currency digital wallet. Residents of Australia can also link a bank account and trade in Australian Dollars. CoinSpot customers can instantly buy or sell 46 different digital currencies, including Bitcoin, Ethereum, Neo, Golem and Dogecoin. Cryptocurrency can be stored in the digital wallet, and can also be sent to other users or used to make online purchases. Australian users can also withdraw directly to their bank accounts. According to Coinspot’s website, all funds are kept in escrow, and the company utilises independently-audited third party data centres and a multi-factor identification process. CoinSpot is a member of ADCCA, the Australian Digital Currency and Commerce Association. The company is also compliant with AUSTRAC, Australia’s counter-terrorism anti-money and laundering financing regulator. Support is available via the Help Centre and Knowledgebase.