Coinstash Review: A reliable Australian crypto exchange (2021)

Summary: Coinstash is a relatively new cryptocurrency exchange based in Brisbane, Australia the offers a simple user face to trade a small range of crypto assets. Their platform is safe, cheap and fast - but is not one of the top tier Australian crypto platforms.

By
James Glennon
on
September 17, 2021
Coinstash Australia

Coinstash Review

Founded in 2020, Coinstash is one of newest and most exciting digital currency exchanges in Australia. Their platform currently enables users to buy, sell and trade Bitcoin, Ethereum and XRP (Ripple) with Australian Dollars and very low fees.

The founders behind Coinstash Ting Wang and Mena Theodorou recently completed a $2.8 million crowdfunding raise in an effort to continue to scale their product.

The duo plans to offer a product that allows Australians to earn interest on their cryptocurrency, as well as be able to borrow dollars against their digital assets.

Coinstash User Interface

The Coinstash trading interface is very sleek and easy to use for both retail and institutional crypto investors. Their trading platform has an intuitive dashboard that makes it easy to deposit funds, buy/sell and monitor your crypto portfolio.

You can also use Coinstash as a crypto wallet to store your digital assets. Their wallets supports withdrawals and deposits so you can send and receive Bitcoin, Ethereum or Ripple (XRP) from around the world.

Is Coinstash Safe?

Coinstash a secure cryptocurrency exchange that is licensed by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Coinstash operate out of Brisbane, Australia under the entity name TWMT Pty Ltd (ABN 76 621 581 584)

Coinstash Fees

The fees to trade on Coinstash are very competitive at 0.85% per transaction using their instant buy feature.

How to Use Coinstash

Signing up to Coinstash to start investing is simple and can be completed in three steps.

  1. Create your account on Coinstash Australia (takes less than 30 seconds)
  2. Verify your account and deposit Australian Dollars
  3. Start buying Bitcoin, Ethereum or XRP (Ripple)
Coinstash Australia
HeadquartersBrisbane, Australia
Fiat CurrenciesAUD only
Cryptocurrencies Supported Bitcoin, Ethereum and XRP (Ripple)
Trading fees0.85%
Deposit methodsPayID/Osko, BPAY and cash deposits
Rating5 / 5

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James Glennon

I spent 5 years as a Commercial Lawyer in Australia before stumbling across the innovations behind Bitcoin and the cryptocurrency space. Ever since, I have been committed to learning more and educating the broader Australian community about Bitcoin, hard money, investing and decentralized finance.

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