Verified exchange record · en-AU
Australian platform with free PayID and bank deposits and low market-order fees.
Assessment
CoinSpot is the only Australian-domiciled platform in this comparison set. PayID and bank deposits are free, and on current data it is the lowest-cost route for A$1,000 into USDT — but that conclusion rests on one condition worth stating plainly: it holds only when you use the Markets order-book interface at 0.10%. The more prominent instant-buy button charges 1%, a ten-fold difference that is larger than any gap between platforms compared here.
Why this record differs: This record prices the Markets route and the card/instant-buy route separately instead of collapsing CoinSpot's several entry points into one blended rate. Quoting 0.10% alone would understate the real cost for most users following the default path.
A$1,000 into USDT
Every route is priced against the same A$1,000 scenario so the comparison is like-for-like. These are estimates for route comparison, not quotes.
1,000 × (0.00% + 0.10% + 0.15%) = $2.50
1,000 × (1.22% + 1.00% + 0.35%) = $25.70
1,000 × (0.00% + 0.10% + 0.15%) = $2.50
Components marked published come from the first-party source linked on each route; the spread is our conservative estimate, not a measurement. The full working is printed so you can recompute it from the published inputs — if you get a different number we are wrong, so please tell us. Price movement, account tiers, card issuer charges and on-chain withdrawal fees are excluded. Where a route is confirmed but priced dynamically, no number is invented in its place.
Structured record
The same values served by the JSON API, with stable field names and explicit verification dates.
coinspotRegulatory record
Published for every platform regardless of where it ranks on cost. This section never feeds eligibility or cost conclusions.
Entity: Casey Block Services Pty Ltd
Media and on-chain analysis reported that CoinSpot's hot wallet was compromised in November 2023 and roughly 1,262 ETH (about US$2.4 million at the time) was moved out. Reporting indicates the platform absorbed the loss and that customer funds were not lost. This is not a regulator publication; it is flagged here as a non-official source, for disclosure only, and never feeds eligibility or cost conclusions.
Distributed Networks Institute: CoinSpot hot wallet incident, November 2023 (media and on-chain analysis) Not a regulator publication
Disclosure only. This is not a conclusion about the platform's current compliance standing and not legal advice. The regulator's own publication governs the facts.
Questions
Both, depending on the entry point. The Markets order-book interface charges 0.10%; the more prominent instant buy/sell feature charges 1%. The cost model on this site uses the 0.10% Markets path and says so on the page. Following the default instant-buy path costs roughly ten times the figure shown here.
About A$2.50 using a free PayID or bank deposit, the 0.10% Markets order fee and a conservative 0.15% spread estimate. That is the lowest indicative cost among the calculable routes compared on this site, conditional on using the Markets interface.
In November 2023, media and on-chain analysis reported that a CoinSpot hot wallet was compromised and roughly 1,262 ETH (about US$2.4 million at the time) was moved out. Reporting indicates the platform absorbed the loss and customer funds were not affected. This is not a regulator publication and is flagged here as a non-official source. Custody risk exists on every exchange.
Evidence trail
Facts come from regulator records, exchange help centres and published fee pages, each with its own verification date.
Eligibility, funding documentation and fee schedules are normalised into one A$1,000 scenario, with published rates, conservative estimates and account-dependent items kept visibly distinct. What you can check independently: the dated first-party source behind every field (below), a calculation reproducible from published inputs, and a change log that retains superseded values. Corrections are welcome via the contact page.