Coinstash Review 2023: Features, Fees & Cons

Published 12 Mar, 2022 Updated 02 Feb, 2023

Exchange Reviews

Coinstash is a new crypto brokerage platform that places an emphasis on ease of use and simplifying the process of buying cryptocurrencies. If you’re living in Australia and want a no-fuss way of purchasing digital currencies then Coinstash may be for you. But does new mean better? And how does it compare to the best crypto exchanges in Australia?


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Trading Fees: 0.85%

Available Cryptos: 340+

Ease of use


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Our Takeaways

Despite being in the Australian crypto market for a relatively short period of time, Coinstash has rapidly grown into a reputable platform. The key strengths of Coinstash revolve around its incredibly user-friendly interface and hassle-free way of buying digital currencies directly with AUD.

Coinstash is best suited for new and experienced Australians who want a no-fuss and economical way of buying Bitcoin and altcoins with AUD. Advanced traders may not find what they are looking for as Coinstash currently does not offer any advanced trading features.

Core ServicesFiat-to-crypto platform
Available Cryptocurrencies340
Fiat CurrenciesAUD
Deposit OptionsPayID, bank transfer, cryptocurrency
Deposit FeesNone
Trading Fees0.85%
Withdrawal FeesNone
Mobile AppYes

Coinstash Overview

Founded in 2020, Coinstash is a new cryptocurrency brokerage that aims to become Australia’s top all-in-one digital assets platform. Coinstash was established in response to gaps in the Australian crypto market that posed issues to the consumer. Coinstash Co-Founder Mena Theodorou mentioned in Australian Fintech that:

“The Australian cryptocurrency space is not only fast-growing, but it’s also getting more saturated every year with new apps and exchanges. The problem is that the space is still dominated by global exchanges, with complex trading features and inconsistent local customer support. When something goes wrong with these platforms, not only is it difficult to get help in most cases, it’s also impossible to track down lost investments.”

Coinstash is a Brisbane-based platform that is wholly owned by TWMT Pty Ltd, a fully registered digital currency exchange provider in Australia. Since its establishment, the platform has rapidly grown to a user base of over 20,000. Its products and services have also grown with its range of digital currencies already over 340. The platform endeavors to expand its services to provide you with a means of getting the best out of your crypto rather than having them sit idle in your account. These include interest-earning investments, credit cards, lending, and borrowing services.

Coinstash continues to experience rapid growth with significant increases in trading volume. The platform has been backed by several influential private investors such as Voyager Ventures and seeks to expand its service offerings to crypto users in New Zealand and Singapore.

coinstash overview

Coinstash Pros & Cons


  • Progressive business plan that aims to continue to provide Australians with innovative crypto services
  • A simplified crypto purchasing process with over 340 digital currencies to buy and sell
  • Competitive staking ROI with rewards of up to 8%
  • Australian owned and operated
  • A simple and visually intuitive user interface that places an emphasis on ease of use
  • A toggleable Basic and Advanced trading interface. The advanced version comes with TradingView real-time charting, indicators and drawing tools.


  • The trading fee of 0.85% is relatively high compared to other Australian crypto platforms
  • Account financing options are limited. POLi and credit cards are not supported.

Top Features You Should Know

Wide Range Of Cryptocurrencies To Buy

For a young crypto brokerage platform, Coinstash already hosts an impressive number of digital currencies. With over 340 cryptocurrencies available to buy and sell, the range eclipses those offered by established exchanges such as Swyftx and CoinSpot. Together with Coinstash’s relatively competitive trading fees, it means that can readily purchase and invest in cryptocurrencies that aren’t typically available on other platforms.

A Visually Intuitive Platform

One of the pillars of success seen in Coinstashs rising popularity can be attributed to its visually intuitive dashboard and interface. Since Coinstash appeals to a wide audience, it needs to provide a clean and simple user experience that makes life easy for beginners and experienced investors alike. In fact, the interface is very similar to that of Digital Surge where there are no complex trade windows, order books, or real-time price charting to confuse you.

Navigation throughout the interface is easy and you’ll understand where everything is from a quick minute tour.

coinstash dashboard
The Coinstash dashboard is modern and clean with intuitive navigation and functionality.

Buy Crypto In Bundles

Coinstash offers you the ability to buy crypto in bundles where several coins are purchased in a single transaction. The key benefit of this is that it allows you to quickly diversify your crypto holdings with a minimal number of transactions. This also means fewer trading fees are incurred.

Crypto bundles, including the individual percentage allocations for each asset, are determined by Coinstash. Bundle categories include but are not limited to the following:

  • The Big Two: BTC (50%) and ETH (50%)
  • Exchange Tokens: BNB (40%), FTT (30%), and DYDX (30%)
  • Investment Coins: BTC, ETH, LTC, XRP, and BCH (20% each)
  • Meme Coins: DOGE and SHIB (50% each)
coinstash buy crypto
The market price history and value of the total bundle will be presented over time.

Whilst Coinstash’s crypto bundle offerings are not as exhaustive as Coinspot where there are many more bundles to choose from, the service is relatively new, and more bundles are anticipated to be released in the future.

Stake Your Crypto To Earn Rewards

Coinstash allows you to earn a passive income through their Earn feature. Depending on the coins that you stake, you earn rewards of up to 8% Per Annum for deposit terms ranging from 3 to 30 years. As of March 2022, Coinstash supports the staking of seven cryptocurrencies including BTC (3.1%), ETH (3.6%), USDT (8%), USDC (8%), PAX (8%), XAUD (6.03%), and Binance USD (8%).

Compared to other Australian platforms that offer coin staking, the passive staking rewards are fairly competitive which means that your Return On Investment (ROI) is attractive.

coinstash earn

Is Coinstash Legit?

Coinstash is a legitimate crypto brokerage platform based in Brisbane and is wholly owned by TWMT Pty Ltd (ABN 76 621 581 584), a fully registered digital currency exchange provider in Australia. Coinstash is registered with AUSTRAC and is required to comply with Anti-Money Laundering and Counter-Terrorism Financing rules and regulations. Coinstash is also one of the few digital currency providers who are an Australian Financial Services Licenced company.

Is Coinstash Safe To Use?

Coinstash is a safe and secure crypto platform that implements industry-standard security measures to protect your digital assets and AUD funds from internal and external threats. Security measures include:

  • All website traffic is encrypted using Transport Layer Security (SSL/TLS 1.2).
  • Multiple digital signatures are required to transfer cryptocurrency in and out of Coinstash wallets (a SOC II Type 2 certified provider)
  • Rigorous background checks for all employees with additional screening during their employment.
  • Engagement of third parties to perform regular penetration tests in an effort to proactively identify and resolve any security vulnerabilities.
  • Hashing of all passwords.
  • Two-factor authentication (2FA) is enabled on all accounts to provide an additional layer of protection against unauthorized access on devices.

Historical hacks of Coinstash have not been reported since the establishment of the platform in 2017. Whilst the security track record is small, the security measures that it implements suggest that the platform is safe and secure.

Coinstash Fees

Deposit & Withdrawal Fees

Coinstash charges zero fees for you to deposit AUD or cryptocurrencies into your account wallet. Similarly, no fees will be incurred if you decide to withdraw your AUD or digital assets. Whilst there are no crypto withdrawal fees, a standard network fee will apply which will vary depending on network congestion.

Trading Fees

Coinstash charges a flat trading fee of 0.85% for all crypto buying, trading, and selling transactions. This is fairly competitive in the Australian market but there is better value for money with some of its bigger competitors such as Swyftx (0.6%) and Digital Surge (0.5%). The table below shows how the Coinstash trading fee compares to other popular platforms.

Digital Surge0.5%
Independent Reserve0.5%
BTC Markets0.85%

Who Can Use Coinstash?

Coinstash only supports users residing in Australia. If you are located in other countries or regions around the world then you will need to find a crypto exchange that is licensed and regulated to provide digital asset services in your local jurisdiction. Investors and traders located in the United States can read our review of the best crypto exchanges in the USA.

Getting Started With Coinstash

How To Create An Account

All you need to create an account with Coinstash is a valid email address and a strong password. We found the process to be surprisingly straightforward and streamlined. before you can deposit AUD into your account, you will need to complete the ID verification process. Since Coinstash provides a fiat gateway, the platform is legally required under the Anti-Money Laundering and Counter-Terrorism Act 2006 to collect basic information for all of its customers.

coinstash ID verification

Similar to other Australian exchanges, you can choose to complete Know Your Customer (KYC) protocols by choosing to upload images of your driver’s license or passport. For us, the streamlined ID verification process took literally 2 minutes to complete.

Deposit Methods

Coinstash provides you with several methods to finance your account with no minimum amount to deposit. You can quickly deposit AUD into your account balance via PayID or bank transfer. The initial bank transfer may take up to 24 hours to complete however subsequent deposits should occur near-instantly. Currently, the use of POLi, OSKO, or credit/debit cards to transfer AUD into your account is not supported.

coinstash deposit crypto

One of the benefits of choosing a new exchange platform is that they are typically more in tune with the needs of the Australian market. An example of this is the supported transfer of cryptocurrencies from an external wallet to fund your Coinstash account. On top of this, the number of cryptos that can be deposited into your wallet is very impressive and not limited to just Bitcoin and popular altcoins.

Ease Of Use

The Coinstash dashboard and interface was been designed with beginners in mind. All of Coinstash’s 340+ digital currencies including BTC, LTC, ETH, DAI, SHIB, and MATIC can be searched with the options to buy and sell clearly presented.

Visibility and management of your crypto portfolio is an easy task. Under the Portfolio tab, you can track the value of your overall crypto holdings in AUD over time. Your currently held assets are listed in a table, however, we would like this visually presented as a pie graph so you get a quick understanding of your portfolio composition.

Coinstash recognizes the wide breadth of cryptocurrency experience in the Australian market and has designed the trading interface to cater to both beginners and experienced traders. If you’re a beginner who doesn’t want to be distracted by complicated trading charts and tools then the default trading interface will suit your needs. A simple buying panel is there so you purchase crypto with AUD, noting that advanced order types are not available.

coinstash buy crypto
The default trading interface presents a simple price over time plot and buying panel.

An outstanding feature is the ability for you to toggle on the Advanced Mode trading interface. If you know how to analyze the price action of cryptocurrency trading pairs with AUD then you will appreciate the TradingView integrated charting. Advanced analytical features at your disposal include trend lines, indicators, annotations, prediction, and management tools.

coinstash advanced charting
The advanced trading interface can be toggled on to allow you to analyse the price action.

Overall, the provision of a basic and advanced trading interface demonstrates that Coinstash is on a mission to provide Australians with an all-in-one crypto trading experience. Not only is Coinstash one of the very few Australian platforms to offer the choice of a basic and advanced interface but it executes the functionality of the service extremely well.

Customer Support & Reviews

You can get in touch with Coinstash customer support via the 24/7 live chat, Meta Messenger, or email. The live chat initially points you in the direction of the Frequently Asked Questions (FAQ), which wasn’t entirely useful as there seems to be a lack of depth in the articles and guides currently available. However, a member of the support team was quick to provide the answer within 6 minutes, and on a weekend.

Coinstash received overwhelmingly positive customer feedback on the popular review website Trustpilot. Although there are only over 400 reviews, 96% were categorized as excellent or great which is a good reflection of the platform’s services and responsive customer support.

Mobile App

All the crypto products and services offered by Coinstash are available on the iOS and Android compatible mobiles apps. We found the Android version of the app to be simply designed, clean, and easy to navigate. With more features planned to be integrated in the future, it will be interesting to see if the mobile app maintains its responsiveness.

coinstash mobile app

Coinstash Alternatives

Coinstash is a relatively new digital currency brokerage platform that has rapidly grown in its trading volume, number of customers, and a suite of crypto features. If you are looking for an alternative crypto platform with similar features, then there are a few to choose from.

  • Swyftx: Swyftx is the leading crypto exchange in Australia, both in its trading volume but also its suite of innovative features and user-friendly interface. Like Coinstash, Swyftx offers a wide range of crypto to buy with AUD, however, the trading fees are slightly lower (0.6%). Swyftx also provides advanced trading features, Dollar-Cost Averaging (DCA), staking, and crypto tax reporting tools.
  • Digital Surge: If you enjoy the Coinstash dashboard and interface then you will appreciate how easy the Digital Surge platform is to use. Digital Surge is a Brisbane-based crypto platform that is designed for beginners and experienced crypto investors, including those with no prior experience in crypto. To understand how they differ, you can read our Digital Surge Versus Coinstash comparison review.
  • CoinSpot: CoinSpot is a highly trusted and reputable Australian exchange that provides a vast selection of crypto assets to buy and trade (310+). The platform has earned a strong reputation for being a trustworthy and reliable platform and has served over 1 million customers.
  • Binance Australia: Binance Australia boasts a greater number of crypto products and services than Coinstash including lower trading fees of 0.1%. The global platform still maintains a user-friendly trading experience and its strengths lie in its high liquidity for trading pairs, a wide range of services, and innovative features. Binance Australia is an excellent choice for altcoin trading.

Frequently Asked Questions

Is Coinstash Available In New Zealand?

Coinstash currently supports crypto users in Australia, however, the platform has indicated that there are plans in place to extend their service offering to New Zealanders. Kiwi investors and traders can read our review of the best crypto exchanges in New Zealand.

Does Coinstash Have An Affiliate Program?

Coinstash features an affiliate program that rewards new users that sign up using a referral code. Coinstash payout 33% of fees collected on all trades made for the lifetime of the accounts you’ve referred. The unique referral code can be shared with family or friends to earn extra passive income.

Our Verdict

Coinstash is a new cryptocurrency brokerage platform in the Australian market. Its key strengths lie in the platform’s ease of use that provides beginner and experienced crypto investors with a simple and clear path to buying digital assets with AUD.

Although Coinstash is not one of the top-tier Australian platforms yet, it is clear that the platform is in tune with the market as it intends on providing additional services in the future. If you’re a beginner or experienced investor who wants a no-fuss way of spending AUD to build a crypto portfolio then Coinstash is a very good option.

Aaron SengAaron Seng

Aaron Seng is the Founder of His journey in the world of cryptocurrency began in 2016 where he was an early investor in Bitcoin and Ethereum. His initial interests revolved around blockchain technologies and their application in a variety of industries and markets. Over the years, he has watched the slow and steady progression and growth of digital currencies around the world.


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