Coinbase VS. CoinSpot: Which Is A Better Crypto Trading Platform For Australian Traders In 2025?

As digital assets continue to gain global traction, both individual and institutional investors are increasingly exploring opportunities within this rapidly growing financial sector. However, despite the potential for substantial returns, cryptocurrency trading carries inherent risks due to the market’s high volatility. As such, traders must remain well-informed and exercise caution when making investment decisions.

One critical step in this process is selecting the right cryptocurrency exchange. Yet, with countless platforms offering seemingly similar features, many investors find themselves overwhelmed by the choices available. In this article, we will compare two prominent Australian exchanges—Coinbase and CoinSpot—across key factors such as supported cryptocurrencies, fees, security, deposit method, customer service, service scope, and ease of use. By the end of this comparison, we aim to provide you with the insights necessary to make a well-informed decision that best suits your trading needs.

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About Coinbase

Name	Coinbase Exchange
Launched	05/2014
Website	https://exchange.coinbase.com
Blog	https://blog.coinbase.com/
Twitter	https://twitter.com/Coinbase
Maker Fees	0
Taker Fees	0
Perpetual Trading volume(24h)	$ 0
Perpetual Trading Pairs	0
Spot Trading volume(24h)	$ 2.3B
Spot Trading Pairs	431
Fiat Supported	USD, EUR, GBP
Update Time	2025-03-27 07:12:01

Coinbase was founded in 2012 by American entrepreneur Brian Armstrong and expanded its services to Australian customers in 2016. Over the years, it has consistently ranked among the world’s top cryptocurrency exchanges by trading volume, offering a diverse set of features designed to accommodate both beginners and seasoned investors.

As a comprehensive digital asset platform, Coinbase has grown to become one of the most influential players in the crypto space. Its user-friendly interface and straightforward approach to crypto investing have made it a go-to choice for traders worldwide.

Since its inception, Coinbase has demonstrated impressive market performance. Its trading volume, user base, and revenue have shown continuous growth, solidifying its position as a key force in the global cryptocurrency industry.

As a versatile platform that caters to a broad spectrum of cryptocurrency enthusiasts, Coinbase Boosts several key features and advantages. However, there is no denying that Coinbase is not perfect as Coinbase still need improve in certain aspects. The Pros & Cons of Coinbase summarize as below:

About CoinSpot

Name	CoinSpot
Launched	04/2014
Website	https://www.coinspot.com.au
Blog
Twitter
Maker Fees	0
Taker Fees	0
Perpetual Trading volume(24h)	$ 0
Perpetual Trading Pairs	0
Spot Trading volume(24h)	$ 0
Spot Trading Pairs	0
Fiat Supported
Update Time	2025-03-27 13:56:01

CoinSpot, founded in 2013, has grown to become Australia’s largest and most established cryptocurrency exchange, boasting a user base of over 2.5 million registered customers. The platform is particularly popular among crypto novices, thanks to its intuitive interface, extensive selection of digital assets, and strong security record—having never been hacked.

With support for over 430 cryptocurrencies, CoinSpot offers the widest variety of digital assets in the Australian market. While it caters primarily to beginner traders, the platform also provides features like NFT trading and maintains a reputation for high-level security and user-friendly navigation. The Pros & Cons of CoinSpot summarize as below:

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Coinbase vs. CoinSpot: Supported cryptocurrencies

CoinSpot offers a significantly larger selection of cryptocurrencies (532) compared to Coinbase (270), nearly doubling the number of available assets. Additionally, CoinSpot also provides access to a diverse range of NFT collections directly on its platform.

Coinbase vs. CoinSpot: Fees

CoinSpot offers competitive fees, especially for an Australian exchange, where fees are typically higher. Market orders on select cryptocurrencies incur a low 0.1% fee, while instant buys are charged a 1% fee. Additionally, CoinSpot does not impose any fees on AUD deposits or withdrawals, providing a cost-effective option for local traders.

In contrast, Coinbase’s fees for Australian users are significantly higher, with a flat 3.99% fee on every transaction—one of the least favorable rates for Australian residents.

However, it’s important to note that CoinSpot tends to have wider spreads compared to Coinbase. Spreads represent the difference between a cryptocurrency’s market price and its actual sale price. While these rates can fluctuate, CoinSpot’s spreads typically hover around 3%, whereas Coinbase maintains a more favorable spread of approximately 0.5%.

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Coinbase vs. CoinSpot: Security

Both crypto exchanges enjoy good reputation in terms of security. However, it is worth noting that although Coinbase boasts an exemplary track record in terms of security, it did encounter a security breach in 2021. Hackers exploited a vulnerability within its SMS account recovery system, resulting in the theft of funds from over 6,000 customers. Swiftly addressing the issue, Coinbase took corrective measures and ensured full reimbursement to the affected clients.

Coinbase vs. CoinSpot: Deposit method

CoinSpot provides a variety of convenient deposit methods for Australian users to add fiat currency to their accounts. The platform supports several free, instant online transfer options, including POLi and PayID. A distinctive feature of CoinSpot is its support for physical cash deposits, allowing customers to fund their accounts at participating newsagents across Australia.

Similarly, Coinbase supports AUD deposits and withdrawals via PayID and also accepts payments through debit and credit cards, offering flexibility for Australian users.

Coinbase vs. CoinSpot: Customer service

Coinbase has significantly enhanced its customer support services.  In the past, the only phone support available was for account lockdowns, but now the cryptocurrency exchange provides round-the-clock access to live phone support, even if you have to run through a short gauntlet of automated voice prompts on the phone first.

For more common issues, such as funding problems, you can submit a support ticket and await a response from Coinbase.  Alternatively, you can utilize the site’s chatbot or engage in a 24/7 live chat to see if your concerns can be resolved promptly.

Fortunately, on CoinSpot users won’t have to worry about either of these issues as they have responsive Live Chat support that is available 24/7. In fact, CoinSpot ranked #1 in Marketplace Fairness’ real-world test on customer support.

Whether you are a beginner trying to understand the platform, or you are an experienced trader who has a complicated issue, CoinSpot’s support team will quickly resolve your problem. This means you can get back to trading crypto as soon as possible.

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Coinbase vs. CoinSpot: Service scope

As  the world’s largest publicly traded crypto exchange, Coinbase offers service in over 100 countries and regions. Unlike Coinbase, CoinSpot only offer service that focuses on only one region. CoinSpot is an Australian-native company, designed to only function inside Australia. This, therefore, means there is no CoinSpot USA support (or any other country support, for that matter).

Coinbase vs. CoinSpot: Summary

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Final Verdict: Which is a Better Crypto Trading Platform for Australian Traders?

For Australian customers, CoinSpot stands out as the preferred option due to its local presence and stronger support for AUD transactions. CoinSpot’s fees are also slightly more competitive than Coinbase’s, though when considering spreads, the overall value between the two platforms is not drastically different.

While Coinbase has some limitations for Australian users, these do not diminish the overall quality of the platform. Global users will likely find Coinbase more than sufficient for their crypto needs. It’s important to remember that there is no one-size-fits-all “best” exchange. The right platform for you will depend on your specific needs and preferences, and you may even find yourself using features from both exchanges.

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About BTCC 

Except for Coinbase and CoinSpot, we would like to introduce BTCC, one of the longest running exchanges in the world. BTCC may be a better choice for those Australian traders looking for better trading experience, timely customer support and global compliance. Fully licensed and regulated in the U.S., Canada, and Europe, BTCC ensures compliance with legal standards and fostering a secure trading environment for its users.

Founded in 2011, BTCC platform provides a diverse range of trading features, including spot trading, demo trading, perpetual futures trading with a leverage of up to 500x, and a unique copy trading feature. As one of the longest-serving exchanges in the world, BTCC usually enjoy good reputation in terms of security as it hasn’t reported any security breaches to date.

Obviously, security is not the only shining point supporting BTCC’s rapid development. In addition to industry-leading security, BTCC also has many other standout features attracting many crypto enthusiasts. One of the most appealing aspects of BTCC is its low trading fees. With competitive fee structures that make trading affordable and accessible to all users, BTCC successfully ensures that traders can maximize their profits without being burdened by hefty fees. Besides, BTCC boasts lightning-fast transaction speeds, allowing users to access their funds quickly and efficiently whenever they need them.

How to Trade Crypto Futures on BTCC?

BTCC supports trading for USDT- M Perpetual Futures contracts with a leverage of up to 500×, you can trade over 300 cryptocurrencies on BTCC at the most competitive price and highest security.

The following sets forth the step-by-step guidance for crypto futures trading on cryptocurrency exchange BTCC:

Step 1: Create a BTCC account

Step 2: Complete BTCC’s identity verification

Go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find the crypto trading pair that you want to trade.

Then, choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Next, adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Then, choose the lot size and set the SL/TP price. After setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Finally, click the buy or sell button, and the crypto futures contract order is completed.

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