CoinSpot
CoinSpot is a Melbourne exchange, established in 2013 and run by Casey Block Services Pty Ltd. It lists over 470 coins. In 2023 crypto investigators reported about US$2 million in ETH leaving its hot wallets; CoinSpot hasn't commented publicly on that.
Checked 31 October 2026. Each fact links to its source. General information, not a recommendation.
At a glance
- Founded
- 2013 (CoinSpot's own figure); its current operating company was registered in 2017 (CoinSpot home page · Australian Business Register)
- Based in
- Melbourne (VIC 3181) (Australian Business Register)
- Australian operator
- Casey Block Services Pty Ltd, trading as CoinSpot, ABN 19 619 574 186 (CoinSpot terms · Australian Business Register)
- Owned by
- Australian-owned; no parent company named (CoinSpot terms)
- AUSTRAC
- Registered since 8 May 2018 (CoinSpot's own statement) (CoinSpot Help: Is CoinSpot regulated?)
- ASIC licence
- AFSL 562554, covering non-cash payment products (its prepaid Mastercard), not crypto trading (CoinSpot Mastercard Financial Services Guide)
- Trading fee, entry tier
- 0.1% on market orders; limit, stop and take-profit orders 1% (CoinSpot fees)
- Instant buy
- 1% for instant buy, sell and swap (CoinSpot fees)
- AUD deposits
- PayID, bank transfer, card and PayPal free; cash 2.5%. AUD bank withdrawals free (CoinSpot fees)
- Coins
- 470+ (CoinSpot's own figure) (CoinSpot home page)
- Customers
- 3 million+ (CoinSpot's own claim) (CoinSpot home page)
- Proof of reserves
- None published that we found (CoinSpot home page)
- 24-hour trading volume
- No independent figure available
Security record
· Funds stolen
About US$2 million in ETH drained from hot wallets
On-chain investigator ZachXBT flagged about 1,262 ETH leaving CoinSpot-linked hot wallets within about five minutes; the security firm CertiK called it a probable compromise of a private key. The ETH was then swapped and moved across other wallets.
Outcome: CoinSpot made no public statement that we found, and no report says whether customers were affected.
Sources: The Block · Cointelegraph
· Funds stolen
Trading-system glitch exploited for about £24.5 million
Between October 2017 and January 2018 a UK man exploited a glitch in the exchange's trading system to obtain more than £20 million in credits; UK press reports name the exchange as CoinSpot. Four people were found guilty in a UK court in July 2022.
Outcome: UK police said in January 2025 that the victim exchange had been compensated in full.
Sources: Lancashire Police, Jan 2025 · Blackpool Gazette · Decrypt
Regulation and legal action
We found no regulator or court action against CoinSpot's Australian business up to 31 October 2026.
Prices on CoinWharf
CoinSpot isn't in CoinWharf's live price comparison. This page covers its record only.
Other exchanges
Spotted something out of date or missing? Email hello@coinwharf.au with a source and we'll check it. CoinWharf isn't paid by any exchange.