3 Reasons Why CoinSpot is the Best Crypto Exchange for Australians

Choosing the right exchange is extremely important when trading crypto. While all exchanges may seem similar at the surface, they have very significant differences. The exchange has to offer fair pricing, take extreme measures to protect the assets of its users, and be tightly regulated.

If you’re looking for an exchange that ticks all of these boxes, you can’t go wrong with CoinSpot. Not only is it one of the safest exchanges in the country and the world, but it’s one of the best for new traders as well. Let’s take a look at a few reasons why CoinSpot is the best crypto exchange for Australians.

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Compliance

One of the issues with cryptocurrency exchanges is that they’re not as tightly regulated as in the stock market. This is why you need to take time to see what type of certification they have and what steps they have taken to prove that they can be trusted.

Leading Australian crypto exchange, CoinSpot offers the most trusted and secure trading platform, with industry-leading security processes. It is the only cryptocurrency exchange in the country that is both regulated by AUSTRAC and has ISO 27001 certification. Exchanges have to go through a grueling auditing process to get that type of certification, so you can rest assured that both your funds and personal information will remain safe at all times.

The Coin Selection

A lot of people who get started with cryptocurrency will expect to be able to trade any currency pairs they like on any exchange. But with 6000 different cryptocurrencies and counting, that’s nearly impossible. Not only that, but some crypto exchanges will make it impossible for you to trade fiat in exchange for crypto, which could be very frustrating.

CoinSpot not only allows traders to exchange AUD and other fiat currencies for crypto, but it also allows them to pick from over 300 cryptocurrencies. You won’t find too many exchanges that allow you to trade as many obscure low market cap coins. So, if you have knowledge about a certain cryptocurrency that might be on the rise but few people know about, you’ll be able to capitalize on that knowledge on CoinSpot.

Perfect for Beginners

If you’re not used to trading cryptocurrencies yet, then CoinSpot is one of the best platforms you can start on. Their interface is very intuitive and easy to use, and they have tons of resources to help you use the platform optimally. The platform also has some more advanced options for seasoned traders.

Another thing that makes CoinSpot such a great option for new traders is the quality of its customer service. They’ll be there to answer any question that you have and will guide you through the process if you have difficulty making trades or making deposits and withdrawals.

These are only some of the reasons why CoinSpot should be on top of your list of exchanges if you’re an Australian. It’s always a good idea to look around, but you won’t find too many exchanges that will offer this selection, service, and security, so consider trying it today.