Signing up with all of them. Each has their Pro’s and Con’s but all are great platforms.
A handy took for a quick look at Ask (buy), Bid (sell) and Spread (difference between the ask and bid price) is this handy website. This does not account for fee’s however so please read the breakdown of each below this.
Coinspot Login is probably the most beginner-friendly and easiest to use platform, their fee’s are high but they have a really good selection of alt coins to invest in.
The downside is that there are cheaper fee’s on other platforms and their spread can be sub-par (if not terrible), which means you will pay more for the coins then what their actual value is.
It isn’t much of an issue if you stick with the platform — so buy and sell through them only or send funds there to sell if the arbitrage is good.
If you are planning on sending funds off their platform, I’d suggest using someone else. As I said above, they do have a very easy and friendly platform with a huge selection of alt coins (something around 180?) so it makes it a good ‘one-stop-shop’ place. DO NOT TRADE on Coinspot, its an excellent fiat in and fiat out platform but fee’s and spread will kill your balance if you attempted to actively trade on a regular basis.
Join one million other Australians trading Bitcoin and a whole world of other digital currencies on CoinSpot.
Swyftx I’ve started using more recently myself to trial it out, its a good platform with very competitive fee’s at .6% and a good spread, they also have an excellent selection of over 200 coins but most importantly there’s a couple more advanced order types/options. So far so good and I have been and plan to use it more in the future. Their customer service is also above and beyond. The only downfall is deposits of AUD get converted to USD which can get a bit confusing for newcomers but it does mean spreads are tighter which saves in the long run. Unlike Coinspot and Digital Surge, you won’t out grow this platform as fast.
Definitely, see Swyftx as a great alternative to Coinspot and perhaps even superior. Relatively new Australian broker/exchange which adds an unknown element but one to keep an eye on going forward!
Bridging the gap between Coinspot and Swyftx is another newcomer to the space — Digital Surge. To be honest, It’s probably the perfect middle ground of the two exchanges. The platform is super easy to use, also has a 200+ selection of coins. Their fee’s are competitive and are actually slightly better than Swyftx at .5% plus they definitely beat Coinspot Login fee’s. On the flip-side — their platform while it is friendlier, it does lack some of the tools Swyftx offers. However to my knowledge, digital surge is looking at adding a lot of these features in the near future. They may very well become the go to Aussie exchange.
