CoinSpot

CoinSpot is the multi-coin wallet built into the Australian cryptocurrency exchange of the same name, operated by Casey Block Services Pty Ltd (Melbourne, founded 2013). With more than 3 million registered customers, it is one of Australia’s largest digital asset platforms. The wallet is fully integrated with the exchange, letting users store, send, and receive over 490 cryptocurrencies. Supported assets include Bitcoin, Ethereum, Litecoin, Dogecoin, and hundreds of ERC-20 tokens and other listed coins.

Deposits and withdrawals are supported for most listed assets. Users can move funds between the wallet and the trading interface instantly, which suits traders who prefer to keep balances on-platform. Each asset has its own deposit address and transaction history in the dashboard. CoinSpot also provides a mobile app for iOS and Android, allowing users to track holdings and send or receive from their phone.

Custody: custodial. Private keys are held by the exchange, not the user.

Security measures:

• Two-factor authentication
• Withdrawal address whitelisting
• Geo-locking
• ISO 27001 certification (since February 2020)
• HackerOne bug bounty program

The company states that most customer funds are kept in offline cold storage. In November 2023, two hot wallets were compromised via a private key exploit, resulting in losses of approximately $2.4 million; no public statement was issued. Users requiring full key ownership typically pair CoinSpot with an external hardware or self-custody wallet.

Casey Block Services Pty Ltd has been registered with AUSTRAC as a Digital Currency Exchange since May 2018, placing CoinSpot under Australia’s AML and counter-terrorism financing framework. Registration does not constitute government insurance on customer funds.