Russell Wilson, the founder of CoinSpot. Casey Block Services, the parent company of the cryptocurrency broking services as well as an exchange platform, booked a $292 million net profit for the 2022 financial year and $334.6 million for the year before, according to documents lodged with the corporate regulator.
The CoinSpot website and its associated mobile applications (collectively "Platform") are owned, operated and controlled by Casey Block Services Pty Ltd ABN 19 619 574 186, trading as 'CoinSpot', who, along with its associated entities and each of their directors, affiliates or employees (as appropriate), are referred ...
Founders and Board of Directors of CoinSpot
Russell Wilson, Founder, is a founder of 1 company and an Angel investor in 2 companies. 1 email.
CoinSpot PTY LTD is also a registered company under ASIC. The founder of CoinSpot is named Russell Wilson who has amassed an incredible net worth due to being the only owner of the business.
CoinSpot is one of Australia's largest and oldest cryptocurrency exchanges with over 350 coins available. Since launching in 2013, the exchange has gathered over 2.5 million registered users.
No. CoinSpot is not affiliated with the ATO. However, CoinSpot may be required to share customer data with the ATO upon request.
The audit's result shows that the company's financial status is accurately presented in all relevant material aspects in its financial report for the 2021 fiscal year. CoinSpot got an unqualified audit opinion, the highest level of assurance under Australian Auditing Standards.
Yes, CoinSpot is licensed under 'Casey Block Services Pty Ltd' (ABN 19 619 574 186) and regulated under Australia's highly governed financial sector. Also, it is a registered member of Blockchain Australia, ADCA, and AUSTRAC.
Despite some drawbacks, such as limited advanced trading features and higher fees on instant transactions, CoinSpot remains a reliable and secure platform.
CoinSpot is happy to announce that we are extending our Major Partnership to a multi-year deal with the Western Bulldogs AFL & AFLW Teams.
After a certain period of time, you will receive Earn rewards depending on the amount of coins you have placed in your Earn wallet and the amount of time they have been there. Simply put, by participating in the CoinSpot Earn Program, you are allocating some of your coins in order to receive Earn Rewards.
CoinSpot Exchange
CoinSpot is Australia's largest crypto exchange, packed with features, and a massive range of 370+ coins. They state that they are the most secure crypto platform in Australia, so we decided to do some research to either back up or debunk this claim.
Swyftx is an Australia-based crypto exchange that features more than 310 assets, compared to over 390+ on CoinSpot. In Finder's 2023 customer satisfaction awards it was the most recommended brand, with 90% of users saying they would recommend the platform, compared to 80% for Binance.
Ripple (XRP) – Next Crypto To Explode With 10X Growth Potential in 2023. ApeCoin (APE) – Top Pick for the Most Promising Altcoin To Explode. Binance Coin (BNB) – Next Crypto to Explode Among Exchange Based Coins. Solana (SOL) – Next Best Crypto To explode In The Smart Contract Blockchain.
In order to reach a price of $1 per token, Shiba Inu would need to rally more than 12,400,000% from its current token price. While there are potential catalysts that could trigger a solid bullish run for the meme cryptocurrency, hitting that ambitious target price is virtually impossible.
What are the risks involved? If the value of your coin drops whilst your assets have been allocated to Earn, there is no guarantee the rewards from your Earn allocation will make up for the loss of value of your allocated coin.
Summary: CoinSpot is considered one of the most expensive crypto platforms in Australia due to its 1% instant trading fee and wide spreads of up to 2% on digital assets.
Transaction Fees on CoinSpot
There will be no hidden costs, and you will only pay one flat fee. Market Trades: 0.1%– All market trades will be subject to a 0.1% fee.
CoinSpot does not charge any fees to withdraw your AUD to your nominated Australian bank account. There is also no minimum or maximum withdrawal amount.
As your email address is the main point of contact and a utility to identify you as a user, there can be major security concerns if the email you use for your CoinSpot account is or has been compromised on the internet and is used across multiple websites.
Yes! With CoinSpot you can convert your GAS to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.
You can generate your gains, losses, and income tax reports from your CoinSpot investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below. CoinSpot exports a complete Transaction History file to all users.
CoinSpot offers Australia's largest variety of digital assets with over 400 coins listed where users can buy, sell & swap benefiting from the lowest fees starting from 0.1%. Trade with peace of mind knowing that CoinSpot has the highest level of globally recognised security certification in Australia.
Yes, any swap or exchange of cryptocurrencies is a taxable event in Australia. For example, if you exchange Bitcoin for Ripple, the ATO and other tax agencies will treat this as a sale (disposal) of Bitcoin at the market price you received at the time.
You're required to pay tax on the profit you made from your sale (total sale price of your cryptocurrency minus original purchase price), commensurate with your personal tax bracket. So under these rules, you may be looking at quite a large capital gains tax assessment.