The easiest way to buy Bitcoin online

Buy Bitcoin online in any country. Supporting 80+ payment methods.

CoinSpot Fees - A Complete Guide (2020)

A breakdown of CoinSpot's expensive fee structure and illiquid order book.

A General Overview of CoinSpot in Australia

If you are a new investor looking to buy Bitcoin in Australia or Cryptocurrency in Australia, you may have come across the popular exchange CoinSpot. Founded in 2013, CoinSpot has become an extremely popular destination for Aussies to quickly buy Crypto.

However, recently many Australian crypto advocates have started to complain the fee structure on CoinSpot has become too high - making them switch across to cheaper, faster and more efficient options like Independent Reserve.

Below we breakdown the high fees on CoinSpot and compare them to their peers in Australia.

CoinSpot Trading Fees

Although CoinSpot boast about having low fees at 0.1% - this is strictly for their 'market order' feature (order book) which has very shallow liquidity and almost no users.

The way 98% of Australians would buy cryptocurrency on CoinSpot is through their instant buy feature, which costs over double what other exchanges charge to buy Bitcoin in Australia.



Instant Buy


Take Profit or Limit Orders
Recurring Buy
Market Orders

Buy Bitcoin or Crypto with the Lowes Fees in Australia

If you are looking for the safest, fastest and cheapest way to buy cryptocurrency in Australia - we recommend Independent Reserve who are Australia's most trusted exchange. They offer the lowest fees in the country that start at 0.05% - 0.5% making them half the price of a buy or sell order on CoinSpot.

Read more about why they are the best exchange below to buy crypto with Australian dollars through any bank account:

Overall Rating 
5 Star Buy Bitcoin Rating

Australia's Best and Most Trusted Cryptocurrency Exchange

Independent Reserve is Australia’s longest running Bitcoin and cryptocurrency exchange that was recently awarded Cryptocurrency Exchange of the Year. Their platform enables users to instantly buy Bitcoin through their Commonwealth Bank accounts with Australian Dollars and extremely low fees.

Independent Reserve are by far the best and fastest option for Commonwealth Bank customer to purchase Bitcoin and a range of other cryptocurrencies.


  • The most trusted exchange in Australia
  • Buy Bitcoin instantly with Commonwealth Bank account
  • Instant AUD deposits and lowest fees


  • Could offer more coins

Payment Methods

  • POLi Pay & Osko
  • Bank Transfer
  • EFT
Ease of Use
5 Star Buy Bitcoin Rating for Ease of Use
4 Star Buy Bitcoin Rating for Privacy
5 Star Buy Bitcoin Rating for Fees
5 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with Low Fees

Bitcoin Guides

Learn more about Bitcoin with our expert resources and guides.

Bitcoin SMSF Investing Australia

Bitcoin SMSF Investing Australia

Invest in crypto using your SMSF in Australia.

Read more
How to Store Your Bitcoin

How to Store Your Bitcoin

How to securely store your Bitcoin in any country.

Read more
Over the Counter (OTC) Bitcoin

Over the Counter (OTC) Bitcoin

How to buy large amounts of Bitcoin.

Read more