CoinSpot
CoinSpot is an Australian cryptocurrency exchange founded in 2013 that serves more than 3 million retail and high-volume traders with 480+ digital assets, a multicoin wallet, OTC desk, NFT marketplace, and CoinSpot Mastercard, operating exclusively in Australia under ISO 27001 certification.
- Company typePrivate
- Founded2013
- HeadquartersMelbourne, Australia
- Headcount101–250
- GTM typeB2C
- OfferingSoftware
What CoinSpot does
CoinSpot, operating through Casey Block Services Pty Ltd (ABN 19 619 574 186), is an Australian proprietary company founded in 2013 and headquartered in Melbourne. It operates Australia's largest retail-focused cryptocurrency exchange, serving more than three million registered users with access to over 480 digital assets via a web platform and native iOS/Android mobile applications. The platform is built on a proprietary stack that combines a multicoin wallet system (free, with individual wallet addresses per asset and 2FA), an instant buy/sell/swap engine, a peer-to-peer Markets order book, a dedicated OTC desk, an NFT marketplace, themed Crypto Bundles, a V2 REST API, and the CoinSpot Mastercard prepaid debit card issued with EML Payment Solutions. The company is the first Australian crypto exchange to achieve ISO 27001 certification (since 13.02.2020) and the first to complete an external statutory financial audit confirming 1:1 asset holdings.
Revenue is generated entirely through transaction-based fees across multiple streams: 0.1% on peer-to-peer Markets and OTC trades, 1% on Instant Buy/Sell/Swap at locked prices, deposit and withdrawal fees (e.g., 1.22% on card deposits, 2.5% on cash deposits via BlueShyft, 0.5% on bank AUD withdrawals, 2% on PayPal withdrawals), and conversion spreads on the CoinSpot Mastercard. The go-to-market is primarily product-led and self-serve through the web and mobile channels, augmented by an enterprise-style OTC desk with dedicated account managers for trades of AUD 20,000 or more. Distribution is exclusively domestic, with services restricted to Australian users, supported by a Western Bulldogs AFL Premier Partnership, an app store presence, and an active affiliate/referral program. Russell Wilson is identified as founder, and the company is privately held with no disclosed institutional funding rounds.
CoinSpot firmographics
Firmographics- Name
- CoinSpot
- Legal name
- Casey Block Services Pty Ltd
- Website
- https://coinspot.com.au
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CoinSpot is an Australian cryptocurrency exchange founded in 2013 that serves more than 3 million retail and high-volume traders with 480+ digital assets, a multicoin wallet, OTC desk, NFT marketplace, and CoinSpot Mastercard, operating exclusively in Australia under ISO 27001 certification.
- Ownership category
- akta.pro rank
CoinSpot industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
- akta.pro secondary industries
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Trading Cards & Collectibles NFT Marketplaces (FSADANAI)
Keywords
Where CoinSpot is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
CoinSpot business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Market Trading Fees: CoinSpot charges 0.1% fee on market orders where users trade directly with other CoinSpot customers at specified prices. This is the primary trading revenue stream.
- OTC Trading Fees: Over-the-counter desk charges 0.1% fee for high-volume transactions, providing access to deep liquidity without public order books.
- Instant Buy/Sell/Swap Fees: Instant trading at locked prices charges 1% fee. Users confirm price upfront before transactions execute instantly.
- AUD Deposit/Withdrawal Fees: Revenue from payment processing: Free for PayID/Direct Deposit, 2.5% for cash deposits, 1.22% for card deposits, 0.5% for bank AUD withdrawals, 2% for PayPal withdrawals.
- CoinSpot Mastercard: Prepaid debit card issued in partnership with EML Payment Solutions, enabling crypto spending with instant AUD conversion. Revenue from conversion spreads on transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Market Orders - 0.1% fee |
| Transaction based/ take rate | Pay-as-you-go | OTC Trading - 0.1% fee |
| Transaction based/ take rate | Pay-as-you-go | Instant Buy/Sell/Swap - 1% fee |
| Transaction based/ take rate | Pay-as-you-go | Free AUD Deposits (PayID/Direct Deposit) |
| Transaction based/ take rate | Pay-as-you-go | Card Deposits - 1.22% fee |
| Transaction based/ take rate | Pay-as-you-go | Bank AUD Withdrawal - 0.5% fee |
| Transaction based/ take rate | Pay-as-you-go | PayPal Withdrawal - 2% fee |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
CoinSpot product offering
Product offeringCore offering
CoinSpot is Australia's largest cryptocurrency exchange, operating a proprietary platform that enables retail and high-volume traders to buy, sell, swap, and store 480+ digital currencies. Core services include instant buy/sell, peer-to-peer Markets trading, an OTC desk, multicoin wallets, an NFT marketplace, themed crypto bundles, and a CoinSpot Mastercard for spending crypto at merchants worldwide. The platform charges 0.1% on market and OTC trades and 1% on instant buy/sell/swap transactions, with a freemium model on AUD deposits.
Product overview
CoinSpot is Australia's largest and most established cryptocurrency exchange platform (operating since 2013) offering a comprehensive suite of trading products and services. The core platform provides instant buy/sell/swap functionality, peer-to-peer Markets trading, and an OTC desk for high-volume transactions. Users can access over 480 cryptocurrencies through the Multicoin Wallet system with fee structures starting at 0.1%. The ecosystem extends to themed Crypto Bundles for portfolio diversification, an NFT Marketplace for Non-Fungible Token trading, a CoinSpot Mastercard prepaid debit card (powered by EML Payment Solutions) for spending crypto at any Mastercard merchant, and SMSF Crypto Management for self-managed super fund investments. Additional services include a V2 REST API for developers, a mobile app for on-the-go trading, and specialized trading categories for DeFi and NFT tokens.
Differentiator
Problem solved
Functional benefit
Brands
- CoinSpot Mastercard: A prepaid, reloadable Mastercard debit card issued by EML Payment Solutions, allowing users to spend cryptocurrency anywhere Mastercard is accepted with instant real-time conversion to AUD.
Products and services
- CoinSpot Exchange Australia's largest cryptocurrency exchange platform, enabling Australian users to buy, sell, and swap 480+ digital currencies with trading fees starting from 0.1%. Provides instant execution, market orders, OTC desk, multicoin wallets, and an NFT marketplace in a single integrated platform.
- Multicoin Wallet Free multicoin wallet that provides individual wallet addresses for every supported asset, allowing users to send, receive, and store 360+ crypto assets within their CoinSpot account, secured with Two-Factor Authentication.
- Instant Buy/Sell Instant trading feature enabling users to buy and sell cryptocurrency at locked-in prices for Bitcoin, Ethereum and 370+ other digital currencies, with immediate settlement into CoinSpot wallets at a 1% fee.
- CoinSwap Cryptocurrency swap service allowing users to exchange between 480+ cryptocurrencies instantly at locked-in prices with single-transaction simplicity.
- CoinSpot Markets Peer-to-peer trading platform where users trade directly with other CoinSpot customers at the best available market prices, supporting limit orders, take profit, and stop loss orders at a 0.1% fee.
- OTC Trading Desk Over-the-counter trading service for high-volume transactions (minimum AUD $20,000), providing deep liquidity, instant settlement, 24/7 availability, lock-in pricing to avoid slippage, dedicated account managers (8am-10pm), and Australia's lowest OTC fee of 0.1%.
- Crypto Bundles Pre-curated cryptocurrency portfolios allowing users to purchase multiple assets in a single transaction, including themed bundles such as Dominant Duo, Top 3/10/20 Market Cap, Metaverse, NFT, DeFi, Green, Web 3.0, Meme, Gaming, Sports, AI, Aussie, and ISO 20022.
- NFT Marketplace NFT marketplace enabling users to buy, list, and sell Non-Fungible Tokens using any cryptocurrency available on CoinSpot within the platform.
- CoinSpot Mastercard Prepaid, reloadable Mastercard debit card issued in partnership with EML Payment Solutions (AFSL 404131), enabling users to spend cryptocurrency at any merchant accepting Mastercard worldwide with automatic real-time crypto-to-AUD conversion at point of sale. Supports Apple Pay and Google Pay, with no annual fees.
- SMSF Crypto Management Self-Managed Super Fund account option allowing SMSF trustees to invest in 480+ cryptocurrencies through their superannuation, with EOFY reporting, a read-only API for accountants, and OTC access for high-volume allocations. Partnered with New Brighton Capital for SMSF trust setup.
- CoinSpot Mobile App Native iOS and Android applications enabling users to buy, sell, and trade 480+ cryptocurrencies on-the-go, with access to trending coins, real-time prices, and Two-Factor Authentication security. Listed on the App Store (id1541949985) and Google Play.
- CoinSpot API V2 REST API (V2) enabling programmatic access to market data (latest prices, coin prices by market, open/completed orders, order book), trading operations (market orders, instant buy/sell/swap), wallet management (deposits, withdrawals), and account management. Public, Full Access, and Read Only API variants with HMAC-SHA512 authentication and a 1,000 requests/minute rate limit.
Quantifiable outcome
- Average support response time under 30 seconds via live chat
- +2 more outcomes
Companies that use CoinSpot
Customer profileSegments4 records
Ideal customer profiles4 records
CoinSpot technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature4 records
CoinSpot partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, flagship and minor.
- Digital Economy Council of Australia (DECA)coreAs a DECA partner since 2014, CoinSpot meets best practice standards set by the Digital Economy Council of Australia. This partnership provides credibility and regulatory alignment for the exchange.
- Western BulldogsflagshipOfficial Premier Partner of the Western Bulldogs AFL team. This sports sponsorship provides brand visibility and marketing exposure in the Australian sports community.
- EML Payment Solutions LimitedcoreEML issues the CoinSpot Mastercard prepaid debit card. EML is an APRA-regulated AFSL holder (AFSL 404131) providing the card infrastructure that enables CoinSpot users to spend crypto anywhere Mastercard is accepted.
- Sustainable CertificationcoreExternal auditor that conducted CoinSpot's ISO 27001 certification process, verifying information security management practices.
- HackerOneminorBug bounty program platform where security researchers can submit vulnerability reports for CoinSpot. The company investigates all reports and fixes valid issues quickly.
- Blockchain AustraliacoreCertified member of Blockchain Australia, the industry body representing blockchain and cryptocurrency businesses in Australia.
- New Brighton CapitalminorReferenced SMSF partner firm that can assist users in establishing their Self Managed Super Fund Trust before setting up crypto accounts on CoinSpot.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
CoinSpot competitors and assessment
Company assessmentDirect peers
- BTC Markets: One of Australia's longest-operating cryptocurrency exchanges, also Melbourne-headquartered. Directly competes for Australian retail and institutional crypto traders with AUD pairs, OTC services, and similar regulatory positioning.
- Swyftx: Australian-headquartered retail cryptocurrency exchange serving similar beginner-to-intermediate Australian retail traders with AUD on/off-ramps. Closest direct competitor by geography, customer base (Australian retail), and product offering (spot trading, mobile app, bundles).
- Independent Reserve: Australian-regulated cryptocurrency exchange serving retail and institutional clients with AUD trading pairs, SMSF support, and OTC desk. Most direct competitor in the Australian institutional and SMSF segment where CoinSpot also competes.
- Easy Crypto Australia: New Zealand-founded cryptocurrency exchange with a dedicated Australian operation serving retail traders with AUD on-ramps. Direct competitor in the Australian retail segment, particularly for beginner and intermediate users.
Broad incumbents
- OKX: Global cryptocurrency exchange offering spot, derivatives, and DeFi access to Australian users via P2P and offshore platforms. Competes for more sophisticated Australian traders seeking broader product variety than CoinSpot offers.
- Crypto.com: Global cryptocurrency exchange with a Visa card product that directly parallels the CoinSpot Mastercard. Competes in Australian retail via app-based trading and a prepaid card with conversion spreads, overlapping CoinSpot's core exchange-plus-card value proposition.
- Binance: World's largest cryptocurrency exchange by volume, offering Australian users AUD on-ramps via Binance Australia and P2P. Direct threat to CoinSpot's market share through scale-driven liquidity advantages and brand recognition despite limited Australian licensing.
- Coinbase: US-headquartered global cryptocurrency exchange that has expanded into Australia with AUD on-ramps and is one of the most-recognized global brands. Competes with CoinSpot for Australian retail and increasingly institutional traders with deeper liquidity and broader product suite.
- Kraken: US-based cryptocurrency exchange with strong reputation for security, offering AUD trading pairs to Australian users. Direct competitor for security-conscious and more experienced Australian traders, with comparable staking and OTC offerings.
Emerging players
- KuCoin: Global cryptocurrency exchange known for very long-tail coin listings — directly mirroring CoinSpot's 480+ coin breadth as a key differentiator. Competes for Australian altcoin traders but with weaker local compliance and AUD support.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
CoinSpot social profiles
Digital presenceCoinSpot compliance and trust
Trust signalCompliance2 records
CoinSpot financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoinSpot leadership team
Management profileNumber of profiles
Profiles1 record
CoinSpot funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoinSpot M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoinSpot
What does CoinSpot do?
CoinSpot is Australia's largest cryptocurrency exchange, operating a proprietary platform that enables retail and high-volume traders to buy, sell, swap, and store 480+ digital currencies. Core services include instant buy/sell, peer-to-peer Markets trading, an OTC desk, multicoin wallets, an NFT marketplace, themed crypto bundles, and a CoinSpot Mastercard for spending crypto at merchants worldwide. The platform charges 0.1% on market and OTC trades and 1% on instant buy/sell/swap transactions, with a freemium model on AUD deposits.
Is CoinSpot a public or private company?
CoinSpot is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CoinSpot founded?
CoinSpot was founded in 2013. It employs 101 to 250 people.
Where is CoinSpot based?
CoinSpot is headquartered in Melbourne, Australia, in the Oceania region.
How does CoinSpot make money?
Five revenue lines are on record. Market Trading Fees are the primary driver. The others are OTC Trading Fees, instant Buy/Sell/Swap Fees, AUD Deposit/Withdrawal Fees and coinSpot Mastercard.
Who are CoinSpot's main competitors?
Direct peers on record are BTC Markets, Swyftx, Independent Reserve and Easy Crypto Australia. Broad incumbents are OKX, Crypto.com, Binance, Coinbase and Kraken. KuCoin is listed as an emerging player.
Does CoinSpot have an API?
Yes. CoinSpot offers a V2 REST API (currently in BETA status but considered stable) with both public and authenticated endpoints. Public API provides access to latest prices, coin prices by market, open/completed orders, and order book data without authentication. Authenticated API requires HMAC-SHA512 security using an API key and secret, supporting trading operations (market orders, instant buy/sell/swap), wallet management (deposits, withdrawals), and account management. Rate limited to 1000 requests per minute. All requests and responses are JSON format with dates in UTC. A Read Only API is also available for portfolio tracking and transaction history. Developer documentation is at www.coinspot.com.au/v2/api.
What industry is CoinSpot in?
CoinSpot's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSAFANAO, Digital Asset/Crypto Trade Execution Platforms, with a secondary code of FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks. Its NAICS code is 52321 and its SIC code is 6200.