Binance vs CoinSpot - Which is Best for Australians?
However, one key point of difference is that CoinSpot is based in Melbourne, Australia and only services Australian users. Binance on the other hand is a worldwide and decentralized cryptocurrency exchange, which may pose a higher risk on security of funds.
Summary Comparison Table
The table below provides you with a quick overview of the key aspects of each exchange.
The Final Verdict
Binance and CoinSpot effectively offer the same value proposition to customers - optionality.
Both exchanges are well known for being fast to list all of the latest cryptocurrency and decentralized finance tokens.
The key difference for users is one is Australian, and the other is foreign which may impose some risks around custody. With that said, we prefer to use CoinSpot for security.