Coinspot vs Altcoin Trader: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Coinspot and Altcoin Trader This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Coinspot

Altcoin Trader

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Available Countries

United States

Europe

Latin America

India

China

Canada

United Kingdom

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Coinspot is ideal if:

Perfect for Australians starting crypto — it offers seamless AUD deposits, instant buy/sell options, and a clean, intuitive interface that’s beginner-friendly.
Great for diversifying with ease — features like crypto bundles, an NFT marketplace, staking, SMSF support, and a CoinSpot Mastercard let you explore beyond basic trading.
Built around security and reliability — with ISO 27001 certification, extensive audits, 2FA, cold storage, geo-locking, and real-person live support, you trade with confidence.

Altcoin Trader is ideal if:

Ideal for newcomers seeking simplicity: Its intuitive interface and straightforward trading make onboarding smooth and stress‑free.
Perfect if you want seamless ZAR access: Supports direct South African Rand deposits and withdrawals tied to local banking systems.
Great for those who value passive earnings: Offers an interest‑bearing feature that lets you earn on crypto holdings without lock‑ins.

Coinspot isn’t ideal if:

Not suited for advanced traders — lacks tools like leverage, futures, or advanced charting, limiting strategic options for experienced users.
Australian market only — only supports AUD and residents in Australia, so if you're abroad or need multi-currency support, it falls short.
Higher fees for instant trades — instant buy/sell functions tend to cost more than typical trades, which can add up if you trade often.

Altcoin Trader isn’t ideal if:

Not for multi-fiats or passive earners: Only accepts South African Rand and lacks earning tools like staking or interest accounts.
Not for advanced traders: Platform design is basic—missing advanced order types, robust charting, or professional trading tools.
Not optimal for large-volume traders: Lower liquidity and trading volume compared to big exchanges may affect execution of bigger trades.

Fees & Total Costs

Spot Maker/Take

CoinSpot uses a flat spot fee model, meaning both taker and maker trades carry the same simple rate that applies across volume tiers—there are no separate maker/taker tiers and no discounts for holding or using a native token.

AltCoinTrader applies a flat fee of 0.10% for both maker and taker spot trades, regardless of your trading volume; there are no volume-based tiers or discounts for using any native token.

Futures/Derivatives

CoinSpot does not support futures or derivatives trading, so there are no associated maker, taker, or funding costs to consider.

The platform does not offer any futures or derivatives trading—so there are no associated maker/taker fees or funding costs to consider.

Average Spreads on Liquid Pairs

Liquid pairs on CoinSpot typically incur spreads that are broader than those on ultra-tight global venues, reflecting its convenience-first design; users can expect modest spreads that offset the simplicity and security of the platform.

AltCoinTrader does not publicly disclose average spreads for these pairs; given its focus on ZAR-based markets, spreads may vary, and the platform does not advertise this metric prominently.

Fiat Deposits & Withdrawals

You can fund your account via AUD options like PayID, POLi, BPAY, or cash—some are free, while others carry small percentage-based charges—with varying processing times from instant to same-day; withdrawing AUD to your bank is free and typically completes within one business day.

You can deposit and withdraw South African Rand via EFT, bank transfer, Capitec Pay, and similar local methods—with deposit fees around 0.5% (capped at R95), and withdrawal fees set at 0.5% plus a fixed R16 (also capped at R95); deposits are typically credited within one to three days, depending on your bank.

On-chain Withdrawals

Crypto withdrawals on CoinSpot pass network fees that vary dynamically based on the specific blockchain’s load and conditions; there are no flat or inflated internal fees, just the actual network cost.

Withdrawal fees for cryptocurrencies are network-based and vary by coin—e.g., a BTC withdrawal costs approximately 0.00057 BTC—indicating a fixed fee per network rather than dynamic gas-based pricing.

Hidden Costs

CoinSpot maintains a transparent fee structure—there are no hidden costs such as inactivity charges, forced conversions, or express KYC surcharges, making costs predictable and visible upfront.

Although there are no explicit inactivity or express KYC fees mentioned, non-ZAR conversions may involve indirect conversion costs, and fee transparency for different services (like instant processing) isn’t fully clear—so always check within your account before proceeding.

Real-World Cost Example: “€500 BTC

If someone were to convert approximately €500 worth into BTC—accounting for the platform’s combined trade execution cost plus spread and then withdrawing that BTC on-chain—the total cost would reflect the modest premium built into the execution rate, as well as the actual network fee, without surprise mark-ups.

Suppose you purchase the equivalent of €500 in BTC via the market; you’d pay roughly 0.10% in trading fee plus a spread embedded in the quote, and if withdrawing immediately you’d incur the fixed BTC withdrawal fee—altogether reflecting trading, conversion, and withdrawal without outlining exact amounts to keep it evergreen.

Crypto Offering & Trading Features

Number of Coins & Pairs

CoinSpot offers an extensive cryptocurrency selection—over 530 tradable assets according to one source—though trading pairs are more limited, generally allowing trades against AUD or crypto swaps; the top 20 coins by volume include major names such as BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TRX, AVAX, LTC, etc. (list adapted from platform data).

AltCoinTrader supports approximately 37 unique cryptocurrencies across around 48 trading pairs, with the top 20 pairs by volume dominated by ZAR-based markets—including notable pairs like XRP/ZAR, BTC/ZAR, USDT/ZAR, and ETH/ZAR.

Product Range

CoinSpot focuses primarily on spot trading, offering features like staking (via CoinSpot Earn), crypto bundles, an NFT marketplace, and an OTC desk; it does not support margin, futures/perps, options, crypto ETFs, loans/margin loans, copy-trading, grid bots, or automated DCA (beyond recurring buys via bundles).

AltCoinTrader focuses on basic spot trading and includes a passive income product called “Easy Save,” but it does not offer margin or derivatives, crypto ETFs, lending, copy trading, grid bots, or automated DCA tools.

Liquidity

CoinSpot does not publicly publish exact 24-hour trading volume or detailed order-book depth metrics for pairs like BTC/AUD or ETH/AUD, but as the largest exchange in Australia by volume, its liquidity for these major coins is generally adequate for retail trades, though deeper volumes and tighter spreads can typically be found on international exchanges.

Liquidity is modest, with 24-hour trading volumes in the low-to-mid million-dollar range; although exact order book depth isn’t publicly shown, it’s likely thinner than on major global exchanges, especially for BTC and ETH markets.

Tools

CoinSpot provides basic order types like market, limit, and stop-loss, along with user-friendly charts, but it lacks advanced trading tools such as OCO orders, real-time alerts, a public API or WebSocket feed, and does not embed TradingView charts within its interface.

The platform provides market and limit orders, slightly more advanced charting via TradingView Basic, and API access; however, features such as stop or OCO orders, price alerts, WebSocket data, or advanced charting tools are notably limited or absent.

Geographic Restrictions by Product

CoinSpot has innovated with features like crypto bundles and an NFT marketplace, but it does not offer launchpad or launchpool programs. Its Earn (staking) service allows users to stake certain cryptocurrencies for variable rewards, but primarily in a flexible model without mandatory lock-periods.

Being South African-based, AltCoinTrader’s features are tailored mainly to ZAR-speaking regions, with no support for derivatives or advanced instruments—there are no explicit regional blackouts, but advanced products simply aren’t offered anywhere.

Innovation

CoinSpot is operated by Casey Block Services Pty Ltd, established in 2013 and headquartered in Victoria, Australia, functioning under Australian corporate and financial jurisdiction.

AltCoinTrader doesn’t support token launch mechanisms or pools, but it does offer an innovative passive yield feature via Easy Save, which allows flexible, interest-like returns on idle crypto without lock-ins—offering a rare, flexible-earn option among regional exchanges.

Security, Regulation & Custody

Operating Entity & Jurisdiction

The exchange is officially registered with AUSTRAC as a Virtual Asset Service Provider, fully compliant with Australia’s regulatory framework for digital currency platforms—though it does not fall under EU’s MiCA as it operates only within Australia.

AltCoinTrader (Pty) Ltd, founded around 2015 and headquartered in South Africa, operates under South African law with a visible company registration—making it a locally regulated and established crypto service provider.

Licenses/Registration

Digital assets are held in-house with stringent custody measures—most funds are stored offline in cold wallets, the platform undergoes regular external security audits, and it has repeatedly achieved ISO-certified compliance for its information security.

AltCoinTrader is officially licensed by the South African Financial Sector Conduct Authority (FSCA) as a Category I/II Crypto Asset Service Provider (CASP), and also registered as a Financial Service Provider (FSP), reflecting compliance with local and FATF-aligned regulatory standards.

Custody

CoinSpot performs regular security audits and penetration tests, and a substantial majority of client funds are kept in cold storage to maintain high safety; however, it does not currently publish a formal Proof of Reserves or a precise percentage breakdown of cold vs. hot holdings.

AltCoinTrader manages its own custody of user assets, employs a statutory audit confirming that client reserves exceed liabilities, and holds a major portion of assets in cold storage—though it doesn’t publicly provide a full-proof of reserves report.

Insurance & Protection Funds

The platform does not advertise any explicit insurance coverage or protection fund for user assets, focusing instead on technical security and operational transparency as its core safeguard.

There is no publicly detailed insurance policy or external protection fund advertised—such coverage is either not offered or not transparently disclosed on the platform.

Incident History

In 2023, CoinSpot experienced a security breach involving theft of assets from its infrastructure, yet user funds remained fully protected and insurance or operational resilience prevented customer losses.

There are no known reports of major hacks or regulatory fines, although a small number of users have complained about account issues or fund access delays on review platforms—no confirmed systemic security breaches.

Risk Controls

Security features include multi-factor authentication, withdrawal restrictions, customizable session timeout settings, and anti-phishing advisories, though it lacks advanced tools like sub-account management or fine-grained API permissions.

The platform enforces standard risk controls like two-factor authentication (2FA) and OTP-based withdrawal verification; more advanced tools such as whitelisting addresses, sub-account management, anti-phishing measures, or granular API permissions are not prominently featured.

Transparency

CoinSpot provides periodic security updates and insights into its protocols, but it does not publish monthly financial statements, open wallet addresses, or formal service-level agreements for uptime or support response times.

AltCoinTrader does not appear to publish monthly financial or transparency reports, does not offer publicly auditable wallet addresses, nor sets formal SLAs—though it does voluntarily participate in regulatory audits and maintains compliance processes under financial law.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

CoinSpot allows AUD deposits via PayID, OSKO, POLi, BPAY, direct bank transfer, credit/debit card, and cash through Blueshyft; PayID, OSKO, and POLi are often fee-free and instant, BPAY and cards come with small fees (0.9–1.9%), and Blueshyft is instant with higher fees; daily limits (e.g., for POLi up to ~AUD 20,000 or BPAY ~AUD 5,000) vary by verification level and processing times range from instant to same or next business day.

AltCoinTrader accepts fiat deposits via local bank transfers and Ozow instant EFT, requiring a minimum of around R100 (approx. $6), with no stated maximum; processing usually happens within a few hours to one business day, depending on method and bank operations.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Users can deposit and trade on CoinSpot with minimal identity verification, but higher limits—such as larger daily deposit or withdrawal caps—require full KYC (ID verification plus 2FA); specific requirements and thresholds vary, and are adjusted based on your verification status.

AltCoinTrader uses multi-tiered verification

Withdrawals

Withdrawals of AUD to local bank accounts are free and typically arrive within one business day; crypto withdrawal limits depend on your verification status and are not publicly stated—CoinSpot supports standard networks like ERC-20, TRC-20, BEP-20, etc., with dynamic blockchain fees and no added platform markup.

Crypto withdrawals depend on the chosen network (ERC-20, TRC-20, etc.) and follow standard network protocols; fiat ZAR withdrawals offer a “near-instant” service (R250K max outside banking hours; R5M during) taking 5–15 minutes to process but up to 24 hours to reflect, and must be sent to a personal bank account in your name.

Customer Support

CoinSpot provides 24/7 live chat support and email help desk with generally fast response times, along with a comprehensive help centre and FAQ articles, offering reliable assistance for most user questions.

Support is available via email, tickets, and phone during South African business hours (typically weekdays, 9

Languages & Localization

The platform operates in English only and is localized for Australian users—fees and balances are shown in AUD, not in EUR or USD, and it follows Australian regulations (AUSTRAC compliance) rather than frameworks of other regions.

The platform is presented in English, displays fees and balances in ZAR, and is fully oriented toward South African regulatory standards, offering smooth localization for users in that region while showing limited adaptability for others.

App Quality & Stability

CoinSpot’s mobile app for iOS and Android is generally praised for its stability and user-friendly interface, maintaining high ratings on app stores; while exact crash rates or update logs aren’t disclosed, the app receives regular updates that align with user experience improvements.

AltCoinTrader’s mobile app is generally stable and feature-rich in terms of basic trading, earning a middling performance score; while it supports TradingView charts, APIs, and indicators, there’s no public data on crash rates—user feedback indicates reliable stability but limited advanced features.

Experience, Performance & Ecosystem

UX/UI

CoinSpot provides an intuitive, approachable interface that minimizes the learning curve for new users, with clean menus and seamless navigation, though it doesn’t offer separate Lite or Pro modes—rather, its single unified UI is designed to be simple yet functional for most users

AltCoinTrader features a clean, beginner-friendly interface with a shallow learning curve and no separate Lite or Pro modes—making it simple and consistent for users of all levels.

Performance

The platform maintains reliable performance with fast load times and responsive trade execution, though like many exchanges, it may experience minor delays or slowdowns during extreme market volatility; swift KYC processing generally handles volume surges effectively, helping keep onboarding wait times short

The exchange typically handles order submissions quickly and remains solid even during market swings, though occasional slowdowns or verification delays may occur during surges of activity or peak trading periods.

Education

CoinSpot does not feature formal education tools such as an academy, demo trading environment, or simulator, nor does it offer content in Spanish—its learning resources are limited to general help articles and FAQs that are all in English.

While the platform offers helpful webinars, detailed FAQs, and guided support, it lacks a built-in demo or simulator and currently doesn’t provide structured educational content in Spanish.

Community

While CoinSpot maintains active social profiles (e.g., Twitter, Reddit, Instagram), it does not operate its own community platforms like Discord or Telegram nor an official referral program; community engagement is mainly driven via external forums and user reviews

AltCoinTrader does not host public forums or Discord/Telegram channels, but it does run a referral program alongside its support-driven community engagement through its helpdesk and email support.

Integrations

CoinSpot does not support integrations with TradingView, external trading bots, or tax/accounting tools—its ecosystem remains self-contained, with no publicly available API or advanced third-party linkages.

The platform includes basic charting with TradingView Lite integration, but it doesn’t yet support external trading bots, tax tools, or accounting package integrations.

Who Each One Is Best For

CoinSpot excels for beginners and intermediate traders in Australia who prioritize ease of use, quick deposits, and a broad range of assets over advanced trading features or a connected trading ecosystem.

AltCoinTrader is ideal for South African beginners or casual traders seeking secure, straightforward ZAR-based buying and basic earning, but less suitable for advanced traders craving sophisticated tools or broader language and automation support.