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

910

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

83ams on 08/02/2022 - 11:27 coinspot.com.au (1013 clicks)
Last edited 08/02/2022 - 11:42

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

Referral is normally $10 so this is double!

If you signed up last year, and held your BTC (HODL!) — you'll be down nearly 20%. But if you'd traded and bought other coins (this is NOT financial advice and consider any CGT implications when trading crypto!) with that original $20 you could easily be a hundredaire! Maybe even a thousandaire!!

Use a referral code from the OzB referral system and spread the love this Valentines Day! 🥰

Register and ensure there is a promo entered (remember, use the OzB referral system!)
Verify your identification (Drivers Licence or Passport), this was pretty much instant for me
Make a deposit
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 (816)

A$10 worth of Bitcoin for referrer and referee.

This is part of Valentine's Day Sales for 2022.

Financial Cryptocurrency Valentine's Day

14 Feb 2022 6:00pm

Related Stores

CoinSpot

closed Comments

beefsandwich on 08/02/2022 - 11:41

+2
Get $20 referral credit

?????

Profit
- aert on 08/02/2022 - 11:56
  
  -4
  
  4) Withdraw funds
  
  Good luck with that
  - [Deactivated] on 08/02/2022 - 12:16
    
    +2
    
    Piece of cake with Coinspot. They arent dodgy with withdrawals
    - Poor Ass on 08/02/2022 - 16:04
      
      do they charge anything to transfer coins to another wallet / exchange?
      - Ironic fear on 08/02/2022 - 19:45
        
        @Poor Ass: I don't know the answer but seems highly unlikely it would be free. Especially if it's an erc20 token
        
        Poor Ass on 08/02/2022 - 19:53
        
        @Ironic fear: No prob
        
        Celsius is free and decent earn rates
      - [Deactivated] on 08/02/2022 - 22:07
        
        @Poor Ass: With coispot I convert to dash then send to binance. Dash is still the cheapest I think.
        
        Poor Ass on 08/02/2022 - 22:19
        
        @[Deactivated]: Can't you earn interest on coinspot?
        
        [Deactivated] on 08/02/2022 - 22:33
        
        @Poor Ass: Yes. But I just binance then convert it to bnb for promos and small amounts then stake it. Proper interest rates for btc I keep in blockfi or nexus
        
        Poor Ass on 09/02/2022 - 00:06
        
        @[Deactivated]: What kind of promos?
        
        Like the bnb vault that gives you shitcoins as rewards?
        
        Curious to know
        
        [Deactivated] on 09/02/2022 - 00:09
        
        @Poor Ass: Not binance promos. Learn and earn sign ups etc from other sites. Dash it then stick I in the binance piggy bank. Earned a few hundred dollars of freebies in the last year. But yeah also the vault. Just roll them back into bnb
      - [Deactivated] on 08/02/2022 - 22:27
        
        @Poor Ass: Yep they do. It’s fairly low, but there is definitely a charge for coin to coin conversion. Good for moving crypto with higher fees if you play it right.
        
        Poor Ass on 09/02/2022 - 00:08
        
        @[Deactivated]: Would only trade over coin to coin fees too high
  - EnALup on 08/02/2022 - 12:30
    
    Thanks
  - Zackeroo on 08/02/2022 - 12:50
    
    +1
    
    I make crypto withdrawals daily. It's extremely easy to do
    - dust on 08/02/2022 - 13:07
      
      Why?
      - Zackeroo on 08/02/2022 - 13:16
        
        +2
        
        @dust: I manage a couple of people's crypto accounts (close friends and family).
        
        During this time, it hasn't been "daily" tho lol, but I've definitely had to do it multiple times a day in the past, so it's become quite normal now - compared to when I just started off and was quite scared to withdraw and deposit money into crypto wallets
        
        dust on 08/02/2022 - 13:16
        
        @Zackeroo: Do you also manage their tax returns?
        
        decc0 on 08/02/2022 - 13:23
        
        +1
        
        @dust: Tbf I wouldn't want my accountant touching my crypto wallets lol
        
        Zackeroo on 08/02/2022 - 14:11
        
        +1
        
        @dust: I'm not managing it in that sense. It's theirs, and it's all their own money. I was just helping my friends and family start off when using crypto, and was quite involved with their first few steps in all this. They were sitting with me when making these withdrawals, and I was only making them because they wanted to.
        
        I got to learn a lot from it, and gain lots of experience, which taught me that withdrawals are really nothing to worry about.
        
        Kangal on 08/02/2022 - 15:44
        
        @Zackeroo: I dunno man, Mt Gox seems to disagree with that. There was also Bitconnect. Binance-Tether is next.
        
        It is ALWAYS a risk when withdrawing your Bitcoins back to fiat currency. Anyone who says otherwise is lying. But you can mitigate some of the risks.
        
        Ironic fear on 08/02/2022 - 19:47
        
        +2
        
        @Kangal: Binance is an exchange and tether is a stablecoin from a completely different company…
        
        Kangal on 08/02/2022 - 20:14
        
        +1
        
        @Ironic fear: Binance and Tether are owned by the same people.
        And they lied about it. Also these individuals are all shady and unethical people.
        
        You would think Tether is a stable coin. But it isn't. It has never ever been 1:1 backed by USD. The funds they receive have been switching hands constantly. They do have a backing, but it isn't enough for the amount of Tether minted, and only small proportion is in actual USD currency. So by definition it is an Alt-coin and not Stable-coin.
        
        So what does this all mean?
        Tether is a fiat currency, they can print as much as they want and no-one actually knows. Also they can use their platform to print these Tether-Coins, use them to buy as much Bitcoin as they want. Normally, this activity is what they call a Sh itCoin. And we see this Pump and Dump happen time and time again. For instance, after the 2020 crash, it was Tether that single-handedly Pumped up Bitcoin (very suspicious), to the point where the 2021 ramp up (or pump) was all fabricated by this small group.
        
        The difference is that their lie got so big so quick, it's hit the "too big to fail category". The backbone of the entire crypto-market is Tether and Bitcoin. Problems in one or both will destroy the market. At it's peak, Mt Gox held about 7% of all Bitcoins, and when it went bankrupt it crashed the crypto market for 2 years. At least in that case, the Bitcoins stolen did go into circulation, and the assets were real. With Tether its around 10-15% of all Bitcoins, and the assets backing it don't really exist. Imagine the fallout from that ! But I know the crowd, instead of making things better they're gonna say "it's the people's fault, don't you know, if you don't hold your own coins then you don't actually own them" yadda yadda. It happened with Mt Gox.
        
        Stay away from Tether, "USD-Coin" is lower risk, and the "TrueUSD" looks to be the gold standard of Stable-Coins.
        
        But whenever possible, don't day-trade or Time-the-Market, and use it as a Store-of-Value for longterm like they say Time-in-the-Market. This means try to buy Bitcoin directly with your AUD$, store them on your personal and dedicated hardware wallet, and try to sell them directly back into AUD$. Every time it changes medium to another cryptocurrency is time when your assets are at risk, both value-wise and security-wise.
        
        Poor Ass on 08/02/2022 - 22:21
        
        +1
        
        @Kangal: "Binance and Tether are owned by the same people."
        
        Prove it
        
        Kangal on 09/02/2022 - 00:48
        
        @Poor Ass: Here you go:
        https://offshoreleaks.icij.org/nodes/82024464
        
        Jan Ludovicus van der Velde
        Giancarlo Devasini
        Paolo Ardoino
        Stuart Hoegner
        …and friends
        
        Poor Ass on 09/02/2022 - 08:42
        
        @Kangal: Where's the binance connection?
        
        Kangal on 09/02/2022 - 20:13
        
        @Poor Ass: Appleby is a (shady) law firm, and they primarily work with Binance.
        The same law firm helped the heads of Binance setup a new business in the British Virgin Islands, which is a popular safe haven for privacy and taxation. The people who initially set up Tether back in 2014 are Giancarlo Devasini and Philip Potter. Tether used to be known as Realcoin when they debut in 2015. Some elites were in the know about this connection, which had leaked prior, but with no evidence. So of course they were questioned, and the heads of Tether denied ever working for Binance. They flat out lied. Now it is proven, they say "yeah we control both, but it's completely separate, trust me". It is an antitrusts nightmare. https://web.archive.org/web/20171122214628/https://www.nytim…
        
        The wikipedia page is a good place for an overview, but there are more detailed videos online. I've just been curious and only started investigating it recently.
        
        …and now for some comedy: https://www.independent.co.uk/news/world/americas/crime/bitc…
        
        Poor Ass on 10/02/2022 - 04:20
        
        +1
        
        @Kangal: It's still pretty weak connection
        
        You still haven't provided evidence that tether and binance are owned by the same people as you claimed
        
        Ok let's say the law firm did setup both businesses. Aren't they allow to have multiple clients? If they are good at what they do, I probably use them too.
        
        What's your stance? Are you pro crypto or anti?
        
        Kangal on 10/02/2022 - 15:56
        
        @Poor Ass: No, you didn't understand me.
        The SAME people are listed as the owners of BOTH businesses Tether and Binance. When they were questioned about it, they lied. When it was proven they lied, they were like 'yeah whatever'.
        
        Just because someone is good at something doesn't mean we shouldn't criticise it. A bad business that is successful should be criticised, and potentially driven out of the market (eg Slave Labour, Political Bribings, etc etc).
        
        What's your stance? Are you pro crypto or anti?
        
        I'm indifferent. I understand the technology on a surface level, and I am pro for tech but anti for the way it's been used. It's somewhat like been pro for the tradition of church/community, but being anti against the fundamental dogma of Christianity.
        
        I've been interested in it since 2013. I remember because I had to make a decision between buying more coins or upgrading my phone at that moment.
        
        Poor Ass on 10/02/2022 - 16:01
        
        @Kangal: what phone did you get?
        
        Kangal on 10/02/2022 - 17:38
        
        @Poor Ass: Samsung Note 3 (QSD 800). Telstra model.
        About $650 iirc.
        Launched in early October. Bitcoin ($150) market cap hit it's second peak ($1100) shortly after, then crashed, then Mt Gox happened.
        
        Wasn't sure if I was unlucky or lucky. But been weary of the space since. Since then my personal circumstances have changed.
        
        Poor Ass on 10/02/2022 - 17:46
        
        @Kangal: you got any Bitcoin?
        
        [Deactivated] on 08/02/2022 - 22:31
        
        +1
        
        @Kangal: I didn’t read all of what you said but gotta say it made me giggle a bit when the first part of your message about unlimited printing is no different to what governments do with fiat. I’m not going to say tether aren’t dodgy but to be fair they have been audited to the moon and back and they passed with flying colours. Not to say they are 100% legit, but I do believe they cop more rumours than actual news. But, you also could be right. When it comes to big money, nobody can be trusted.
        
        Kangal on 09/02/2022 - 00:44
        
        @[Deactivated]: Tether has NEVER been audited.
        Plenty people offered, they've turned them all down.
        
        At best what they have done is been attested. And that's no different to someone looking at their Bank Account and seeing that money is there. But it far from thorough, it doesn't check if this money is sufficient and properly accounted for. And the few times that Tether has been attested, they have only managed to seem legitimate after getting a loan from Binance. And that's literally these handful of execs paying themselves money from one company to another. The whole thing is just goading the authorities to come down on them hard.
        
        So Tether minting more USDT coins without receiving actual USD is not farfetched. Or the act of not-destroying coins when members withdraw/sell out of the crypto market. Why do you think it has many skeptics, including the Wolf of Wallstreet?
        
        [Deactivated] on 09/02/2022 - 08:02
        
        @Kangal: My bad, you're right. I've been out of the crypto game for a while now. I dunno who I was thinking off. But some stablecoin was getting similar shit and then it got audited like crazy and proved everyone wrong.
        
        Yeah that is kinda (profanity). But ironically, the USA government for example does the same shit.
        
        Kangal on 09/02/2022 - 19:47
        
        @[Deactivated]: I guess the difference is that the USD which is minted by USA government has a more tangible or stronger backing. It's backed by men with guns and bombs.
        
        I don't know what will happen. Crypto was nothing before, it was easy to contain, as it was a "Billion Dollar" problem for the feds. Now? Its gone mainstream, and it is a "Trillion Dollar" problem. Which poses a problem to the USD/IMF, and it poses a problem for the crypto-market with it's volatility and the problems of Tether/Binance.
        
        So they might sit back, keep hands off, and risk losing hundreds of millions every year from Tax cheats. If Tether blows up and sends that "bubble" back 5-years, that only delays the issue not solving it. Unless, these proper StableCoins and IPOs get established and they drive out the bad players/business, but that is unlikely to happen. The free market place doesn't solve all/most issues, and sometimes is responsible for creating them.
        
        Or the feds might allow crypto to thrive, under the condition that the IPO (which would include StableCoins) are heavily regulated. Or they can try to outright ban it, which doesn't work, when you see how that turned out for Alcohol, Weed, and Vice. Especially seeing how that is (not) panning out for Russia and China.
        
        [Deactivated] on 09/02/2022 - 21:32
        
        +1
        
        @Kangal: Yeah, that's true. Reputation holds a lot of weight.
        
        As for Crypto. I don't know what the future holds in general. But I am predicting something really bad happening in Crypto - probably related to something like Tether, and then a very strong future ahead of it once they start to regulate it like you mention. I don't think Crypto can be stopped now. The IPO or ICO(initial coin offering) has changed drastically in just the last few years, so they are kind of locking it down already so to say, with strong KYC requirements and banning certain countries. Behind Crypto there is a war going on between countries to control it… USA has Coinbase, China has Binance. I think there is a giant change in how finance flows within the next decade. I just wish I could have gone back in time, even just 3 years… would be living it up right about now :)
        
        shadowangel on 08/02/2022 - 15:49
        
        @Zackeroo: Be very careful with this, I know at least one person that was taken to court by there bank receiving money from family to invest in crypto.
        Linking the same IP to multiple accounts is not a good idea.
  - Hibernian77 on 08/02/2022 - 16:25
    
    Just confirming that withdrawals are easy and without issues in my experience. This is an Australian exchange with a good reputation. But doesn't mean there are no risks.. like keeping your money in your bank account and seeing the value decrease..
  - allTheseLimes on 09/02/2022 - 15:42
    
    I got this referral bonus last year, instantly withdrew 20 bucks to my bank account.
    - shadowangel on 09/02/2022 - 15:47
      
      that was for the best, the year before however BTC was under 8k USD at the same time, eth was a few hundred at best.
hellousyd on 08/02/2022 - 11:42

registered and made a deposit, but $10 bonus which was showing before is no longer there :(
- 83ams on 08/02/2022 - 11:43
  
  +1
  
  Reach out to their customer service team, they're responsive and great to deal with 😊
  - hellousyd on 08/02/2022 - 11:45
    
    +1
    
    sorry I spoke too soon. It spontaneously updated my bitcoin holdings. Thanks for the free $20 @ju111ce :)
    - 83ams on 08/02/2022 - 11:46
      
      +1
      
      Wahoo! & you're welcome 😉
      - Kangal on 08/02/2022 - 15:41
        
        @83ams: .
        Incoming comment from rektrading in 3…2…1…
donkcat on 08/02/2022 - 11:49

+1

Do Coinspot still have the most ridiculous registration process that required you to send copy of drivers license and then a photo of you holding a bit of a bit of paper confirming it's you?
- 83ams on 08/02/2022 - 11:51
  
  +4
  
  Can't recall that exact process, but they do need you to submit identification for verification. It isn't just CoinSpot, but a KYC (Know Your Customer) standard and requirement for finance companies.
  - donkcat on 08/02/2022 - 11:53
    
    It was a few years ago now but they required a troubling amount of information given the unregulated nature of the business they were running.
    - [Deactivated] on 08/02/2022 - 12:17
      
      It's standard with any Exchange. It was funny but now I think it's all electronical, take a photo of your ID and some super computer verifies it all.
      - shadowangel on 08/02/2022 - 12:30
        
        +1
        
        @[Deactivated]: Most exchanges and banks outsource the kyc process. The top providers use AI and manual verification. This process takes only a few mins most of the time, unless some data doesn't line up then they may ask for more information like a bank statement or utility bill.
        
        [Deactivated] on 08/02/2022 - 13:16
        
        @shadowangel: Yep, that’s right. It seems that’s the standard these days. Im not a fan of giving so much information out… but really no alternative other than using DEX’s. I guess the best route is to buy a large sum of Crypto in person and then only deal with DEXs if you really want to stay off the crypto grid.
        
        shadowangel on 08/02/2022 - 15:46
        
        @[Deactivated]: or gpu's/asic or Helium(wifi miners) if that's the case.
        
        Ironic fear on 08/02/2022 - 19:54
        
        @shadowangel: Wifi mining?
        
        shadowangel on 09/02/2022 - 15:49
        
        @Ironic fear: I don't know how it works, however Helium miners are very profitable if you can get one and don't consume much power (maybe as much as a set top box).
- capslock janitor on 08/02/2022 - 12:23
  
  drivers license and then a photo of you holding a bit of a bit of paper confirming it's you?
  
  yes when i signed up in ~2018 but i cbf
  
  then got back into crypto in 2021 and requirement disappeared for me or sumn
t_c on 08/02/2022 - 11:50

-3

Dodgecoin 4 life
- 83ams on 08/02/2022 - 11:51
  
  Trade for the Dodgeycoin!
Jaspa7 on 08/02/2022 - 12:01

+1

How do they compare with eTorro? Mainly interested in terms of fees etc.
- shadowangel on 08/02/2022 - 12:09
  
  +2
  
  It doesn't, from what I understand eTorro uses CFD's for crypto.
  It's also has many more fees including withdraw fees.
  
  Coinspot has no withdrawal fees for AU, it's fees on buying is also low. It's spreads however are fairly large which does make the bigger international exchanges cheaper (binance, ftx, kraken)
  
  If you are starting in crypto coinspot is great, very easy to use, plenty of coins.
JayCeeJay on 08/02/2022 - 12:07

whats the minimum deposit?
- 83ams on 08/02/2022 - 12:09
  
  +1
  
  Last year people were depositing as little as $1
CandyMan on 08/02/2022 - 12:16

+1

Good time to buy crypto while it’s cheap, even better when free
GPT4 on 08/02/2022 - 12:28

No issues with Coinspot in last 2 years I have been with them. Can vouch for it
mitcheo on 08/02/2022 - 12:35

+6

Coinspot have very high fees, sending any amount of btc will cost you anywhere from $20 - $35. By far the highest of any exchange ive ever used
- Janko on 08/02/2022 - 14:00
  
  +1
  
  Yep, well at least they definitely used to. One of my noob mistakes starting with them. Eventually transferred everything out, despite copping more fees as it was quickly made back elsewhere.
  - mitcheo on 08/02/2022 - 14:04
    
    Same, wasted hundreds with them. There excuse is "They charge what they pay" So crazy how they can get away with advertising lowest fees, tricks people like yourself and i.
- Tenzin on 08/02/2022 - 17:02
  
  Wow, that's high. Thanks for letting me know!
chris0h on 08/02/2022 - 12:39

+1

will this work with the $10 referral codes?
- shadowangel on 08/02/2022 - 12:43
  
  +2
  
  Referral codes didn't change, the amount did.
  - chris0h on 08/02/2022 - 12:43
    
    +1
    
    thanks
knowwhat on 08/02/2022 - 12:42

How do they compare with Swyftx in terms of fees?
Any recommendations on other exchanges for a newbie from their experiences?
- shadowangel on 08/02/2022 - 12:46
  
  FTX (was blockfolio) not FTX Pro. Lower spreads, easy to use, no withdrawal fees for crypto or AUD.
  Once you get the hang of it FTX pro/Binance
  
  However ftx is still cheaper with the withdrawal fees being zero, which can save you 30$ USD or more per withdrawal for some assets
- lawyerz on 08/02/2022 - 13:36
  
  I did a side by side comparison, swyftx was significantly worse in terms of the rates you get when selling
- Tenzin on 08/02/2022 - 17:05
  
  I find Coinstash to be very good, and they have some really cool things in the works.
  A new promo with them:
  https://www.ozbargain.com.au/node/681611
  
  Hope this helps.
CyberMurning on 08/02/2022 - 12:55

-1

i have the offer too.
good timing when the btc is low.
go go go people. join this…
princess_nik_nak on 08/02/2022 - 13:06

How do I add my referral code to the the above random referral codes?
- shadowangel on 08/02/2022 - 13:11
  
  click edit, it's also found in your ozbargin profile.
  - princess_nik_nak on 08/02/2022 - 13:18
    
    Thank you so much! Just added. It made me write a different way to link it then the copy/paste link coinspot gives me
MaMan on 08/02/2022 - 13:12

+2

Their fees are ridiculous but the interface is good for Crypto Newbs
bigbadboogieman on 08/02/2022 - 13:37

+1

I've been using Binance with their 0-zero transaction fee with limit order trades using BUSD pairs. Is CoinSpot better…?
- Janko on 08/02/2022 - 14:03
  
  +2
  
  Only area I can rate CoinSpot better than Binance is API intergration with CryptoTaxCalculator/Koinly - actually all reporting on Binance is embarrassingly bad.
shahrah on 08/02/2022 - 13:55

what is the daily trading volume @ CoinSpot?
CDG on 08/02/2022 - 14:11

how's coinspot compare to binance? also can i transfer to metamask?
- shadowangel on 08/02/2022 - 14:23
  
  +1
  
  If they are erc-20 coins use FTX where possible or FTX Pro. FTX is free withdrawals for all coins which can save a small fortune, FTX pro is block chain fees.
  Binance uses Fixed fees which are high for some assets, apart from BSC based tokens which they seem to push more even over cheaper more efficient chains..
  
  Binance is great for trading, deep liquidly which no other exchange can match.
  
  Coinspot is easy to use and has a heap of coins, it does have higher spreads compared to the top international exchanges but that's to be expected.
dji1111111 on 08/02/2022 - 14:27

Liquidity is horrible on coinspot. I would not recommend them. I initially started with them when I was a noob and since then I have moved everything over to binance
congo on 08/02/2022 - 15:47

What the minimum deposit and purchase?
Might buy my first crypto :-)
- CyberMurning on 08/02/2022 - 15:59
  
  read from the top
  - King Tightarse on 08/02/2022 - 21:54
    
    lol
Viospeed on 08/02/2022 - 16:01

+1

A court case in the US on CGT and staking rewards was won by crypto holders. Russia is also looking into removing taxable events when you receive staking rewards and will only be taxable if you sell.

I believe they were also looking into non taxable events if you use your crypto for purchases below $200.

I'm hoping the Australian government looks into this too.
- shadowangel on 08/02/2022 - 16:03
  
  Thailand too might be classifying it as a currency, ironically after one of the biggest banks bought the largest exchange..
- Ironic fear on 08/02/2022 - 20:03
  
  Our government is more likely to require anyone holding crypto to be registered and pay a licence fee yearly to hold crypto
sashatheman on 08/02/2022 - 16:09

-2

That $20 will be eaten up in fees and poor exchange rates.
- shadowangel on 08/02/2022 - 16:15
  
  +1
  
  don't forget AUD inflation, trading BTC to fiat.
- Viospeed on 08/02/2022 - 16:25
  
  Not to mention about 33% tax if you go by the national income rates on that $20.
- OzBerghainer on 08/02/2022 - 17:04
  
  +3
  
  Not really, deposited $1.50, got my free BTC and withdrew in total $21. Arrived in bank in 30 minutes
  - Bongmanmike on 08/02/2022 - 17:48
    
    How long did deposit take?
    - shadowangel on 08/02/2022 - 17:49
      
      +1
      
      PayID, it's nearly instant. Withdrawals happen once daily. If you withdraw before 3pm it will be in your account same day.
      - Bongmanmike on 08/02/2022 - 17:53
        
        @shadowangel: I did direct deposit but it says it should be instant as well, but it’s been 2 hours
        
        uneeek on 08/02/2022 - 18:35
        
        @Bongmanmike: Direct deposit is only instant if your bank uses Osko

This was posted 2 years 2 months 18 days ago, and might be an out-dated deal.

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

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