Review by Warren Wheeler
In this comparison article we will look at the differences between Coinbase and CoinSpot to see which one is better for you and your needs.
We will take a look at how both exchanges fees are structured, their deposit methods, user-friendliness, security and compare supported cryptocurrencies.
Let’s get started…
|Available Cryptocurrencies||70+ Cryptocurrencies||300+ Cryptocurrencies|
|Trading Fees||3.99%||0.1 – 1%|
|AUD Deposit Options||Bank Transfer, Debit Card or Credit Card, PayID/Osko, Cash and more||Bank Transfer or PayID/Osko|
|Mobile Trading App|
|No Data Breaches or Hacks|
|TrustPilot Rating||1.6 Stars (6637+ Votes)||4.53 Stars (1729+ Votes)|
|Website||Coinbase Website||CoinSpot Website|
Coinbase vs CoinSpot: Fees & Charges
One thing you really need to consider before signing up to an exchange is fees and how the fees work.
First, let’s take a look at Coinbase:
CoinSpot on the other hand are much lower with fees and the maximum fees charged are 1% for instant buys. Cash deposits are a bit higher at 2.5% but BPAY is only 0.9%.
Coinbase vs CoinSpot: User-Friendliness
Both exchanges have clean, modern interface which makes it easy to navigate and trade. I would consider both web platforms to be beginner friendly.
Each have apps which are available on iOS and Android. The apps are also easy to use and free to download.
Personally, I think CoinSpot is the better of the two but this was a close verdict and it will come down to user preference.
Winner: Coinspot 🏆
Even though both are user-friendly and similar in design there must be one winner. This was a personal choice because I find CoinSpot to be faster and have better features and options.
CoinSpot vs Coinbase: Supported Cryptocurrencies
CoinSpot are the easy winners when it comes to the amount of supported crypto. They have almost 4 times the amount Coinbase do with over 300 trading assets.
Coinbase only have just over 70 but they do add new crypto from time to time so that number may change but it seems to be going up very slowly compared to other exchanges like CoinSpot, Swyftx and others.
CoinSpot vs Coinbase: Reviews & Ratings
Because both exchanges have been around for almost a decade you’ll find plenty of feedback from the crypto community.
You only need to look at the ratings from members of popular review site TrustPilot to see which is the clear winner here…
Winner: Coinspot 🏆
After reading reviews from reputable websites such as TrustPilot we found CoinSpot to be the clear winner here.
Verdict: Is CoinSpot Better Than Coinbase?
After comparing both side by side and testing features for 30 days I found that CoinSpot was by far the better option.
Coinbase’s fee structure really lets them down here and the crypto community obviously agrees.
CoinSpot are also based in Australia so customer support is also a LOT faster and better.
If you’re stuck on deciding which of the two to trust your money with, I recommend CoinSpot.