Comparison of Coinspot vs Coins.Ph [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Coinspot vs Coins.Ph comparison!

Your expert: Alejandro Borja

Coinspot

Your expert: Xavier Tarrasó

Coins.Ph

Main points

Fees

0,10%/1%

Earns

Customer service

4/5

≤3,99%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Yes

Trading

Passive income

Buy and hold

Yes

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.9 – Reasonable fees with strong local support in Australia.

3.8 – Reasonable fees with strong local support in the Philippines.

Level

0,10%/1%

≤3,99%

Brief explanation

Coinspot employs a straightforward fee structure that varies depending on the type of transaction. For market trades, the platform charges a competitive 0.1% fee, which is below the industry average. Instant buy, sell, and swap orders incur a higher fee of 1%, reflecting the convenience of immediate transactions. Over-the-counter (OTC) trades also attract a 0.1% fee, making them cost-effective for large volume transactions. Deposits via POLi, PayID, and Direct Deposits are free, while BPAY and cash deposits have fees of 0.9% and 2.5% respectively. Withdrawals in Australian dollars are free, but cryptocurrency withdrawals are subject to standard network fees.

Coins.ph maintains a simple and transparent fee structure, which is a significant advantage for users. The platform charges a spread on buy and sell transactions, typically around 0.5% to 1%, which is competitive within the industry. This spread varies depending on the specific cryptocurrency and market conditions. Additionally, for transactions such as sending money or paying bills directly from the wallet, minimal fees are applied, which are clearly outlined on their website. This approach helps users manage their costs effectively while engaging in various cryptocurrency transactions.

Coinspot

Year Founded Coinspot was founded in 2013, making it one of the oldest cryptocurrency exchanges in Australia. Its longevity in the market provides a level of reliability and trust that newer exchanges might not have established yet.
Number of Users Coinspot has built a substantial user base over the years, serving hundreds of thousands of users. This large user base indicates a strong level of trust and satisfaction among its customers.
Security Methods Coinspot employs robust security measures, including two-factor authentication (2FA), SSL encryption, and cold storage for the majority of its digital assets. These measures ensure that user funds are kept secure from potential cyber threats.
Reputation and Reviews Coinspot has garnered positive reviews from its users and is generally regarded as a reputable exchange. Its commitment to providing a user-friendly platform and responsive customer support has contributed to its favorable reputation in the cryptocurrency community.
Customer Service Coinspot offers comprehensive customer service, including live chat support and a detailed FAQ section to assist users with their queries. This level of support helps ensure that users can resolve issues promptly and efficiently, further building trust in the platform.

Coins.Ph

Regulated Security: Coins.ph operates under the regulatory oversight of the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with local financial regulations and standards.
High Trading Volume and Liquidity: Coins.ph consistently shows robust trading volumes, demonstrating a healthy trading environment which indicates reliability and a stable trading platform.
Reputation and Reviews: Having established a significant presence since 2014, Coins.ph is well-regarded for its service quality and customer focus, with positive reviews from a vast user base across the Philippines.
Transparency: Coins.ph maintains a high level of transparency in its operations, particularly with clear information on fees and the security measures it employs to protect user assets.
Customer Service: The platform is known for its excellent customer support, providing users with a reliable resource for any issues or inquiries, which enhances user trust and satisfaction.

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

Casey Block Services Pty Ltd

Betur Inc. dba Coins.ph

Regulation

Regulated in Australia

Regulated in Filipinas

Year founded

2013

2014

Founder

Russell Wilson

Ron Hose

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Coinspot	FEATURES	Coins.Ph
Low minimum trade amount ensures accessibility.	Minimum Trade	The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions.
0.1% for market trades, 1% for instant trades.	Trading and Transaction Fees	Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers.
Supports over 400 cryptocurrencies.	Number of Cryptocurrencies	Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders.
Extensive crypto-to-crypto trading pairs available.	Crypto-to-Crypto Trading Pairs	The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs.
Clear and detailed information, but some fees are high.	Website Transparency	The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency.
CoinSpot offers a digital Mastercard that allows users to spend their cryptocurrencies for in-store and online purchases, with support for over 380 cryptocurrencies. It provides real-time AUD conversion and integration with Apple Pay and Google Pay for easy transactions.	Credit/Debit Card	Coins.ph does not offer an exchange card for in-store purchases.
Secure wallet services with multi-chain support.	Storage Offering	Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface.
Offers staking for 23+ coins with competitive APYs.	Staking and Rewards	Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement.
User-friendly mobile app available for iOS and Android.	Mobile App and Desktop	Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices.
24/7 customer support via live chat and email.	Customer Service	Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours.
Free AUD withdrawals; small fees for certain deposit methods.	Deposit and Withdraw	Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods.

Key features

Analysis tools

Basic charting tools

Basic tracking and charting

Mobile APP

Security

High 4,9/5

High 4,6/5

Additional features

Instant buy/sell, staking, Coinspot Bundles, SMSF services

Crypto-to-fiat services, bill payments, mobile top-ups, staking

Anonymity

Key points

Available cryptocurrencies

300+

10+

User-friendliness

Coinspot offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Features a simple and user-friendly interface that is suitable for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand.

Value for money

Offers good value for money with competitive fees and a user-friendly platform, making it a good choice for Australian users.

Provides good value for money with competitive fees and strong local support in the Philippines, making it a good choice for regional users.

Countries of operation

Australia, New Zealand

Philippines

Best for

Best for Australian investors looking for a user-friendly platform with competitive fees and strong local support.

Suitable for users in the Philippines looking for a reliable platform with local support and competitive fees.

Base currencies available

AUD, BTC

PHP, BTC

Account

Trading

CoinSpot is an Australian exchange known for its user-friendly platform and wide range of cryptocurrencies. It offers competitive fees but lacks some advanced trading tools.

Coins.ph is a popular exchange in the Philippines, offering easy fiat integration and a user-friendly platform. It supports a decent range of cryptocurrencies but has higher fees.

Deposit and withdrawal

CoinSpot is an Australian exchange known for its easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, typically within a day, with competitive fees.

Coins.ph is popular in the Philippines, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.

Account opening process

CoinSpot offers a simple and fully digital account opening process. Users need to provide personal information and verify their identity. The process is quick, typically taking less than a day to complete.

Coins.ph offers a seamless and user-friendly account opening process. Users need to provide personal information, verify their identity, and typically get their account approved within a day. It’s efficient and secure.

KYC required?

Yes

Customer Service

CoinSpot offers extensive customer support through email, live chat, and phone. The support team is responsive and available 24/7, ensuring users get timely assistance.

Coins.ph offers support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in the Philippines.

Security

CoinSpot ensures security through 2FA, encryption, and cold storage. It is regulated by Australian authorities, providing a secure environment for investors.

Coins.ph offers robust security features, including 2FA and cold storage. It is regulated by Philippine authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I recommend Coinspot for anyone entering the cryptocurrency market. Its intuitive interface and robust security measures make it an ideal platform for beginners. The variety of supported cryptocurrencies ensures ample opportunities for diversification, while its responsive customer service provides excellent support. Although the transaction fees are a bit higher, the platform’s reliability and ease of use make it a strong contender for your crypto trading needs.

Xavier Tarrasó

As an expert analyzing Coins.ph, I highly recommend this platform for users in the Philippines and Thailand looking for a user-friendly and secure way to engage with cryptocurrencies. Its integration with local financial services, compliance with regulatory standards, and competitive fees make it an excellent choice for both new entrants and seasoned traders in the crypto space. Whether you’re looking to simply buy and sell crypto or use it for everyday transactions like bill payments and remittances, Coins.ph provides a reliable and convenient service.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of Coinspot vs Coins.Ph [ 2024 ]

Coinspot

Coins.Ph

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Coinspot

Coins.Ph

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Base currencies available

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Coinspot and Coins.Ph