This was posted 3 years 2 months 13 days ago, and might be an out-dated deal.

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Free A$20 Worth of BTC (after Registration with Referral & First Deposit within 90 Days) @ CoinSpot

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Free A$20 Worth of BTC (after Registration with Referral & First Deposit within 90 Days) @ CoinSpot
Go to Deal
83ams on 14/02/2021 - 10:03 coinspot.com.au (5428 clicks)
Last edited 15/02/2021 - 04:12 by 2 other users

CoinSpot is at it again with their Valentines Day bonus referral credit, for new users signing up and making a deposit.

If you signed up last year, and held your BTC — you'll be up over 500% (so that $20 of BTC is now worth over $100!). Use a referral code from the OzB referral system and spread the love this Valentines Day!

  • Register and ensure there is a promo entered
  • Verify your identification (Drviers Licence or Passport), this was pretty much instant for me
  • Make a deposit within 90 days
  • Reward is nearly instant after deposit is received

There is plenty of options for making a deposit, including:

  • POLi
  • PayID
  • BPAY
  • Cash Deposit (@ Newsagents)
  • Direct Deposit

CoinSpot also supports withdrawals, they need your bank details for this (BSB, Account Name & Number).

Referral Links

Referral: random (815)

A$10 worth of Bitcoin for referrer and referee.

This is part of Valentine's Day Sales for 2021.
Financial Cryptocurrency Valentine's Day

Related Stores

CoinSpot
CoinSpot

closed Comments

      • wangasm on 14/02/2021 - 21:02
        +1

        It only triggers a CGT event if you sell or trade a cryptocurrency. Otherwise if you just hold the coin in the exchange or withdraw to any other wallet you don't need to worry about tax yet (but keep record of when you bought it and for how much).

        • pixxelpusher on 15/02/2021 - 02:27

          Thanks yeah I think I'll just put money in and hold, no selling or withdrawing until way down the track, maybe when my $20 turns into $200,000.

          By "withdraw to any other wallet" do you mean transfer your Bitcoins from CoinSpot to something like Binance?

          • wangasm on 15/02/2021 - 10:19
            +1

            @pixxelpusher: Yup either Binance/exchange or your own private wallet. Do note the withdrawal fee for Bitcoin is pretty big at $20, so it's only worth withdrawing for large amounts.

            • pixxelpusher on 15/02/2021 - 13:32

              @wangasm: Ah I see, so no CGT tax event but still fees… there's always a catch! Thanks for the heads up.

    • unknown-entity on 14/02/2021 - 20:31

      How difficult is it to prepare your own EOFY requirements for crypto?

      • wangasm on 14/02/2021 - 21:13
        +2

        If you only make a few transactions a year then it's easy. Just calculate the net CGT for any gains/losses you made if you sold or trade. (Just one value in your Tax Return)
        If you are an active trader with hundreds or thousands of transactions a year you are better off using a crypto tax service like https://koinly.io

  • asc on 14/02/2021 - 19:57

    where would be the best site to view weekly, monthly, etc chart?

  • gamerkonks on 14/02/2021 - 20:13

    How does CoinSpot compare with Swyftx?

    • agentrat on 14/02/2021 - 20:24
      +2

      I switched from coinspot to swyftx and never looked back. Coinspot instant buy spread for altcoin is 4.2pct which in my opinion is pretty heavy. Not to mention another 1 pct on trades.

      Swyftx i think does 0.6 on both and supports poli. Only small catch is it converts to USD internally on deposits and withdrawals but that doesnt bother me. I havent had to file taxes so cant comment on that

      User interface wise I think they are both ok

  • lothus777 on 14/02/2021 - 20:20

    I was looking to deposit $25-50 every week into crypto, how is this going to stuff up my tax?

    • Sheng on 14/02/2021 - 20:27

      Taxed only when you sell. You'll be fine, just keep a ledger of your acquisition date, amounts and fees and you will be fine if anything needs to be investigated.

  • pixxelpusher on 14/02/2021 - 20:22

    Thanks OP, have signed up! Once you get the $20 of BTC do you just leave it in CoinSpot wallet, or are you supposed to put it somewhere else?

    • shadowangel on 14/02/2021 - 20:35

      Add 2fa, write the private key down. That should be fine for a $20 investment. Withdrawing $20 btc to a cold wallet is not worth it.

      • lothus777 on 14/02/2021 - 21:11

        how do you get the private key on coinspot

      • pixxelpusher on 15/02/2021 - 02:31

        I looked at 2fa but couldn't work it out. They say "Open the Two Factor Authentication App on your mobile" Do you need a separate app for that? Normally on other sites they just text a code to your phone for 2fa

        • Sheng on 15/02/2021 - 10:16

          Google/Microsoft authentication is better than SMS authentication because people can call up if they have your details and request for a new sim to be sent and as such they can get your code. Unless that have your phone in hand they can't get the code via app authentication.

          • pixxelpusher on 15/02/2021 - 13:39

            @Sheng: Ok I'll look into Google/Microsoft authentication, guess that works on iPhone too

  • Pouderi on 14/02/2021 - 20:30
    +1

    Any idea on how long verification by passport takes?

  • oswade on 14/02/2021 - 21:05
    +1

    Good deal, I would also highly recommend bamboo - no KYC required (although you need to link a bank account)

    https://www.ozbargain.com.au/node/599157

  • DoctorCalculon on 14/02/2021 - 21:08

    Just checking whether CoinSpot will deposit $20 worth of BTC (using OzB referral) for a deposit of $1?

    • guidedlight on 14/02/2021 - 21:25
      +1

      Yes. It worked for me.

  • Tiredman on 14/02/2021 - 21:25
    +1

    Good to see so many new Bitcoiners! Now hodl.

  • Cmes on 14/02/2021 - 22:03

    Coinspot are actually the worst. You get ripped everytime you buy or sell. They pick the rate unless you go to the market section where you trade with others. I have bulk affiliates on there and even I've told them to stop using it.

  • OzFrugie on 14/02/2021 - 22:11

    Is coinspot legit? Bit concerned handing over sensitive personal info ..

    • Sheng on 14/02/2021 - 22:16

      Sensitive? You give your license details when you get into a car accident lol

    • Korban Dallas on 15/02/2021 - 00:13

      It's been around for ages. Regulatory requirements. It is a financial institution

  • drturner on 14/02/2021 - 22:26

    Joined Binance this week deposited $20k. Bought $6k coins, then tried to buy $14k BTC. It's been "processing" for more than 3 days and my money is locked and can't be withdrawn. Is this wait time normal?

    • shadowangel on 15/02/2021 - 00:47

      Did you do kyc? Payid should be instant after the first one which can take a day.

      Binance is swamped, they just had to stop sign-ups to catchup.

    • yjun355 on 15/02/2021 - 13:19

      What are the fees for those trades? Their fees are not that obvious on their website

  • CandyMan on 14/02/2021 - 23:21

    Thanks op

  • pea on 14/02/2021 - 23:24

    Deposited $2 and it worked for me. Overall fast process.

  • Mentem on 14/02/2021 - 23:24

    Reef & AVA coins are excellent buys.

  • spychiatrist on 15/02/2021 - 00:02

    I was a no-coiner until THIS Keep those coin deals coming! HOLD! MOON! 🚀🚀🚀

    • shadowangel on 15/02/2021 - 00:43

      Uniswap was a big deal most no coiners missed, $1 trade is now worth at least 10k AUD.

      Celsius also had $150-200 BTC earlier in the year, which 4x and $10 Cel which went from 13cents to $5-6

      It really does pay to hodl.

  • wanderlei on 15/02/2021 - 00:25
    +1

    That is about the fee on one btitcoin transaction.

  • sub102 on 15/02/2021 - 00:34

    Where if anywhere does it show about $20?

    This is what it shows me

    "Referral Code You are eligible to receive $10 worth of Bitcoin for free! Please complete your first AUD deposit to claim."

    • Pouderi on 15/02/2021 - 00:38

      You need to make a deposit in your account in order to receive the BTC.
      Right under "my portfolio" you should see something around $20.

      • sub102 on 15/02/2021 - 00:50

        But is this offer officially advertised somewhere? I haven't see and only see the $10 so wondering whether the $20 has ended. Passport being verified so can't deposit yet to check

  • HADOUKEN on 15/02/2021 - 07:01

    Didn’t work for me. Clicked link, signed up, deposited $10 and no free $20.

    • 83ams on 15/02/2021 - 07:24

      Did you use a link from the referral system or enter a promo/referral code?

      • omnimaqq on 15/02/2021 - 07:48

        Use th Randomised referral

        • 83ams on 15/02/2021 - 07:48

          Check your wallet, you should have $20 worth of BTC

      • HADOUKEN on 15/02/2021 - 08:13

        Used the referral. I realised it didn't generate code from clicking the link from bargain so I lodged a ticket.

  • CandyMan on 15/02/2021 - 07:20
    -6

    My free$20 is worth $40 now
    Ponzi scheme?

  • prankster on 15/02/2021 - 08:03

    tried referral link but got this error message grrr :(
    Could not create account, please try again, or contact support.

    • tajid on 15/02/2021 - 08:17

      Use a diff email address

  • Jono258 on 15/02/2021 - 08:34

    I now have $50btc from my $10 deposit and referrals. What's the best way to cash out my 10 deposit? Planning to leave the rest there and just not touch. See what happens.

    • ujwols on 15/02/2021 - 11:19

      sell it from market order (website only) and withdraw

  • melk on 15/02/2021 - 09:00

    Just signed up, $20 showed up fast thanks

    • Utsav23 on 15/02/2021 - 09:44

      Hi, where can I see the bonus $20? I am unable to see it in the Wallets tab.

      • melk on 15/02/2021 - 10:16

        should be in your BTC wallet not your AUD balance

  • lufee on 15/02/2021 - 09:33

    My deposit just arrived but when do I get $20 BTC?

    • CyberMurning on 15/02/2021 - 09:33
      +2

      PATIENCE PLEASE
      wait 3 mins keep refreshing

  • Gman2444 on 15/02/2021 - 09:34

    Thanks, I am now a crypto investor.

    • CyberMurning on 15/02/2021 - 09:39
      +5

      thanks never dreamed of owning 0.00018 of the famous bitcoin

  • piupiupiu on 15/02/2021 - 10:07

    If I’m looking to invest some money into crypto, is Coinspot an okay place to do so? I’ve Read some comments above regarding buying fee and withdrawal fee, seems like coinspot isn’t really the best?

    • popsiee on 15/02/2021 - 10:11

      Was the best with the juicy offer :)
      Away from that you want a trust worthy place and be able to store on like a non internet connected Ipod . Choice product for all of Trump Cronies that even the FBI can't get into .

      • piupiupiu on 15/02/2021 - 13:25

        Ah yeah that and physical wallet I guess?
        I don’t mind using coinspot since I’ve already supplied my ID anyway, cbf doing it over and over again on the other wallets.
        Any recommendations on online wallet that’s not coinbase? I find that their ID check is a bit finicky.

    • wangasm on 15/02/2021 - 10:27
      +1

      Coinspot is an ok place to start and get your foot in. But if you want to get more serious about trading, access to more coins, have better liquidity and lower fees, Binance is a better choice.

      • piupiupiu on 15/02/2021 - 13:27

        Do overseas based wallets like Binance and FTX accept Aussie ID okay? Shouldn’t be an issue regarding tax so long as I don’t sell through them right?

        • wangasm on 16/02/2021 - 03:05
          +1

          Yeh I've done ID verification on Binance and FTX fine with aussie ID. (FTX is a bit trickier). Yes no issue with tax until you sell OR trade crypto to crypto.
          And just to be clear Coinspot, Binance and FTX are not "wallets", they are centralised exchanges with integrated wallets that you don't have the private keys to.

          • CyberMurning on 16/02/2021 - 09:21

            @wangasm: hmmm we can keep our crypto in coinspot, can deposit, can trade, can withdraw cash back to our bank.
            what is wallet for then? why need private keys?

            • whooah1979 on 16/02/2021 - 09:51

              @CyberMurning: Do people normally give strangers their passphrases to their email, internet banking, mobile accounts, ozb account, eBay, PayPal, etc?

              https://youtu.be/gB4wrX2iICA

            • wangasm on 16/02/2021 - 11:28

              @CyberMurning: It is more of a security reason. A private key is required when withdrawing from a wallet. When you have your own wallet, only you have access to your private key so no one else can withdraw from it and you will never lose your crypto. This is better if you are planning on holding (a significant amount) for a long term.

              On an exchange they have your private keys which means they or a 3rd party can access your crypto at anytime. For example in the event of an exchange shutting down or being hacked you will very likely lose your crypto and there will be nothing you can do because you don't have your keys.

              • CyberMurning on 16/02/2021 - 12:07

                @wangasm: how people can withdraw from my coinspot wallet ? you mean if someone knew my email and password, right? and they login to my coinspot account and sell my coins? but then withdraw to bank account under different name, is possible ?

                • wangasm on 16/02/2021 - 12:10

                  @CyberMurning: Well there is that (which is countered by 2FA) but also if the exchange gets hacked they will have access to everyone's wallets. Not saying this is likely but it has happened before in the past to other exchanges. All they need to do is send your coins to an external wallet.

  • Cheeseplate on 15/02/2021 - 10:10

    How long should it take for payid to show up? I put the description in the reference as well which I wasn't meant you do after reading

    • ujwols on 15/02/2021 - 11:05

      2 mins

    • Ayanami on 15/02/2021 - 12:19

      MeepMorp I'm in the same boat re: description in reference as well; still waiting for it to clear or be rejected, is about 22 hours since I attempted.

    • CyberMurning on 15/02/2021 - 12:50

      i thought you HAVE TO put ? otherwise how they know it is for your account

      • Cheeseplate on 15/02/2021 - 14:27

        After reading the instructions for Westpac it said too leave ones of the fields blank. I think maybe the first one takes a while to show up??

        • Ayanami on 16/02/2021 - 11:20

          My deposit come through yesterday afternoon, was with CBA.

  • isthisreallife22 on 15/02/2021 - 12:58

    My thoughts after being in crypto for 24 hours since yesterday "huh I thought it only went up, I'm currently DOWN after 24 hours" (notwithstanding the coin was free so I'm up)

    • DoctorCalculon on 15/02/2021 - 16:09

      I think I have only just lost about $1 worth of BTC last night.

      • CyberMurning on 15/02/2021 - 16:10

        wow yesterday my wallet was AUD 108.xx now $96.47
        Bitcoin crash everyone ~~~ runnnn

        • easternculture on 15/02/2021 - 18:36
          +1

          Its all crypto that crashed because of india

          https://news.bitcoin.com/indian-official-cryptocurrency-bill…

          According to Bloombergquint, “India will go ahead with a complete ban on investment in cryptocurrencies, while providing existing investors a transition period to exit the holdings … this would include a ban on transacting directly via foreign exchanges.” The publication cited “a senior finance ministry official on condition of anonymity.” The official also clarified that the ban will not be enforced overnight, noting:

          Cryptocurrency investors will be given a transition period of three to six months after the implementation of the new law to liquidate their investments.

  • watertight on 15/02/2021 - 16:24

    I only received $10 - My understanding was you could make the deposit within 90 days.

    So is the $20 bonus applied for new sign ups and referrals, or the deposit must be made before 10am Monday 15th as well?

    • sandshrew on 15/02/2021 - 19:19
      +1

      Had the same thing happen to me only receiving $10 bonus.

      Contacted support and they said I needed to have deposited before 10am on the 15th. A little annoyed because that was not made clear and I too thought I had 90 days.

      • watertight on 15/02/2021 - 19:49

        Exactly. I will fight this.

        • sandshrew on 15/02/2021 - 21:59

          Good luck. I’m going to push back as well

          • DoctorCalculon on 16/02/2021 - 19:38

            @sandshrew: Hey guys! Where does it say you have until 90 days for the first deposit? Just asking on behalf of a family member who I referred.

            • sandshrew on 16/02/2021 - 21:16

              @DoctorCalculon: Might be best to contact OP.

              I assumed I had 90 days because of the post but probably should have double checked for myself.

            • wangasm on 16/02/2021 - 23:29

              @DoctorCalculon: The 90 days is for the standard $10 referral bonus so I think that's where the OP copied it from.
              The valentines promotion does not mention 90 days anywhere afaik, only the 24 hour period https://coinspot.zendesk.com/hc/en-us/articles/360003228776-…

              • 83ams on 17/02/2021 - 22:31

                @wangasm: Looks like a mod edited and added the “90 days” to my original post. Not sure where they got that from, and I hadn’t noticed.

                Sorry if you got bum steered.

          • watertight on 20/02/2021 - 13:13

            @sandshrew: They eventually came to the party after several emails.

            • Cheeseplate on 21/02/2021 - 11:17

              @watertight: You got the $20 even though the money was deposited after the promotion? My deposit was delayed so they only gave me $10

              • watertight on 21/02/2021 - 11:58
                +1

                @Cheeseplate: I did a payid 11 hours before the Promotion finished but they didn’t process it till after the promotion ended. As I said, took a couple of emails…

            • sandshrew on 22/02/2021 - 16:56

              @watertight: Thanks to your message I checked my wallet and I too get credited the extra $10 :)

    • 83ams on 17/02/2021 - 22:33

      Looks like a mod edited and added the “90 days” to my original post. Not sure where they got that from, and I hadn’t noticed.

      Sorry if you got bum steered.

  • popsiee on 15/02/2021 - 16:25

    I dep $5 yesterday down to $23.73 and the daily graph is a sell short term .

  • JobbaWobba on 17/02/2021 - 20:11

    Is this still available? Can't see it advertised anywhere on the site

    • Micky14 on 17/02/2021 - 21:07

      Now only 10.

    • 83ams on 17/02/2021 - 22:29
      +1

      $10 now (for each person), was $20

    • JobbaWobba on 18/02/2021 - 09:05

      Thanks guys

  • easternculture on 25/02/2021 - 19:00

    What wallet address on coinspot do you use to transfer BNB to binance , BEP2 or ERC20

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