Comparison of Coinspot vs Xeggex [ 2024 ]

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

Your expert: Alejandro Borja

Coinspot

Your expert: Xavier Tarrasó

Xeggex

Main points

Fees

0,10%/1%

Earns

Customer service

4/5

0,30%/0,40%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Passive income

Buy and hold

Yes

Beginners

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.9 – Reasonable fees with strong local support in Australia.

3.9 – Competitive fees with additional benefits for high-volume trading.

Level

0,10%/1%

0,30%/0,40%

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.

Xeggex structures its commission system to be straightforward and competitive within the industry. The exchange charges a basic trading fee, which is tiered based on the user’s trading volume over a 30-day period, rewarding more active traders with lower fees. Additionally, Xeggex applies withdrawal fees, which vary by cryptocurrency but generally align with network transaction costs to ensure fees remain reasonable. This transparent fee structure helps users plan their trading activities without unexpected costs.

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.

Xeggex

Security Methods: Xeggex has implemented robust security measures including two-factor authentication and end-to-end encryption to safeguard user information and assets. This commitment to security is paramount in gaining user trust.
Year Founded: Being established in a period of rapid digital currency expansion, Xeggex has a foundation that aligns with modern cryptographic standards and evolving market needs. The timing of its launch reflects an understanding of market trends and user demands.
Reputation and Reviews: Although relatively new, Xeggex has quickly gained a positive reputation among users for its user-friendly interface and effective customer support. Positive reviews often highlight the ease of use and reliability.
Customer Service: Xeggex places a strong emphasis on customer support with options for real-time assistance. This responsiveness to user needs enhances its trustworthiness and reliability as a service provider.
Withdrawal and Deposit Policies: The exchange maintains clear and concise policies regarding withdrawals and deposits, ensuring transparency and reliability in financial transactions, which builds additional trust among its users.

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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

NFT marketplace

Cripto/debit card

Full name

Casey Block Services Pty Ltd

Unknown

Regulation

Regulated in Australia

Not regulated

Year founded

2013

2021

Founder

Russell Wilson

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Coinspot	FEATURES	Xeggex
Low minimum trade amount ensures accessibility.	Minimum Trade	Xeggex allows for relatively low minimum trades, making it accessible for beginners to start small.
0.1% for market trades, 1% for instant trades.	Trading and Transaction Fees	The fees are competitive but could be improved to better match or undercut industry leaders.
Supports over 400 cryptocurrencies.	Number of Cryptocurrencies	Offers a wide range of cryptocurrencies, providing good options for diversified trading.
Extensive crypto-to-crypto trading pairs available.	Crypto-to-Crypto Trading Pairs	Supports numerous trading pairs, facilitating versatile trading strategies.
Clear and detailed information, but some fees are high.	Website Transparency	The website provides essential information, though some areas could benefit from greater detail regarding policies and operations.
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	Xeggex lacks an exchange card, missing an opportunity for added convenience and benefits for its users.
Secure wallet services with multi-chain support.	Storage Offering	Provides secure storage solutions with an emphasis on safety, though it lacks some advanced features found in specialized wallets.
Offers staking for 23+ coins with competitive APYs.	Staking and Rewards	Offers basic staking options and rewards which are attractive but not as competitive as some other exchanges.
User-friendly mobile app available for iOS and Android.	Mobile App and Desktop	Both the mobile app and desktop platform are well-designed, offering intuitive navigation and a seamless trading experience.
24/7 customer support via live chat and email.	Customer Service	Responsive and helpful, but there are occasional delays during peak times.
Free AUD withdrawals; small fees for certain deposit methods.	Deposit and Withdraw	Processes are straightforward with reasonable limits and fees, though improvements could be made in processing times.

Key features

Analysis tools

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,6/5

Additional features

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

Margin trading, staking, Xeggex Earn, fiat on/off ramps

Anonymity

Yes

Key points

Available cryptocurrencies

300+

100+

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.

Xeggex 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.

Value for money

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

Offers good value for money with competitive fees and a user-friendly platform, making it suitable for both beginners and experienced traders.

Countries of operation

Australia, New Zealand

United States, Canada, United Kingdom, Australia, Germany

Best for

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

Suitable for both beginners and experienced traders seeking a user-friendly platform with competitive fees.

Base currencies available

AUD, BTC

Multiple including USD, 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.

Xeggex focuses on providing a secure and user-friendly platform with a decent range of cryptocurrencies. It offers competitive fees but lacks some advanced trading features.

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.

Xeggex supports various deposit and withdrawal methods, including bank transfers and cryptocurrencies. Withdrawals are processed efficiently, with low 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.

Xeggex offers a seamless and fully digital account opening process. Users need to provide personal information and verify their identity. The process is quick and usually completed within a day.

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.

Xeggex offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

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

Xeggex provides strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some 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 on our website, I highly recommend Xeggex for newcomers in the cryptocurrency space. Its intuitive interface and diverse cryptocurrency offerings make it a standout choice for those starting their trading journey. However, if you’re an advanced trader, you might find the analytical tools a bit limited. Overall, Xeggex presents a solid option with its focus on security and user-friendly design, making it worth considering in your search for a reliable exchange.

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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 Xeggex [ 2024 ]

Coinspot

Xeggex

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Coinspot

Xeggex

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 Xeggex