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CoinSpot

CoinSpot

www.coinspot.com.au
What is your customer experience with CoinSpot?

CoinSpot Overview

The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users.

  • CoinSpot has 2.3 star rating based on 8 customer reviews. Consumers are mostly dissatisfied.

  • Rating Distribution
  • Pros: Controlling, Conveniant, Innovative.
    Cons: Fact they steal your money, I my get some money, Reduction.

  • Recent recommendations regarding this business are as follows: "They steal from you with ridiculous rates when you sell. Then ignore you.", "Nothonh", "BUYER BEWARE! No reason given for stopping their services.", "They were very patient. And. Helpful", "Send an Email with the reason why the account is frozen and what need to happen to unfreeze it.".

View full overview ›

Media from reviews

CoinSpot - Pending transaction
CoinSpot - I’m not able to withdrawCoinSpot - TOTAL SCAM - stole $4,000 from me.
View all media ›

Top CoinSpot Reviews

Positive Review

"Educational"

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It will be bad to keep this alone to myself I came across the best bitcoin expect ever Maria Renee fx who really help me to invest, she is very honest and...

Critical Review

"Ripped Off"

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Went to sell wallet quickly on a spike and noticed the rates they gave me were super low, then with the whopping 1% fee's ended up with 40% of my profit...

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Anonymous
map-marker Brisbane, Queensland

Setting up help

I can't get help where is the verification link listed online live chat says this is what I need apparently but they don't hang around to help you do this

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Taren Hsw

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
| map-marker Brisbane, Queensland

Ripped Off

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Went to sell wallet quickly on a spike and noticed the rates they gave me were super low, then with the whopping 1% fee's ended up with 40% of my profit stolen. When I complained they blamed me, the customer for them ripping me off.

Tried to close account and they wont unless I provide them with biometric information. They blocked my live chat, they are ignoring email msgs. I still have an account with the *** which I dont want.

Cant find a phone number to call. Appalling rates, appalling customer support, avoid these jerks.

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User's recommendation: They steal from you with ridiculous rates when you sell. Then ignore you.

Andrei F Pgy

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
| map-marker Sydney, New South Wales

Withdrowal money to my wifes account in USD

I would like to find out if its possible to add my wife USD account details ABSA bank zambia to withdrow money from my crypto account ??

and can I withdrow in US dollars ??

thank you

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Better m

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
| map-marker Sydney, New South Wales

I almost got knocked

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me14solutions-org helped me with refund when i had a major issues with my account,they are amazing so happy

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User's recommendation: Nothonh

Anniah Efb

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
| map-marker Melbourne, Victoria

*** escalated customer service

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I made several transactions with their new card payment service. Some were transactions to another country for services and some were for product purchasing in Australia.

I was contacted about them and answered their questions. Soon thereafter, I was told my account was not accessible, and I needed to deposit my cryptocurrency into my depositing bank account. As I was shocked at their audacity to deny me my dignity of risk for spending my money wherever I wished, for whichever legal purposes I wished. No response from them.

Four months later, I reach out to them and get hand-balled here and there. Finally, I come across a hardball tough guy wannabe, that signs their email with Richard, Disputes Resolution Officer. Saying that I was told to withdraw my account funds four months ago and that I had not responded yet. Responding with a screenshot and copy of the email, proving my response was indeed provided the same day of their last email, four months ago, and it was them that had not responded for so long.

This matter was not acknowledged in their response. Furthermore, I was now given 14 days to revive my funds, or that I would essentially lose it forever. I rewrote my responses, even further clarifying the situation as seen below;

-Dear Richard,

-

-I further wished to clarify my stance.

-

-First of all, I thank you once again for your response. However, it fails to address the specific concerns I raised in my prior correspondence to your email.

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-Your repeated reference to CoinSpots Terms of Use does not clarify the precise reasons for the closure of my account.

Under Section 21 of the Australian Consumer Law (ACL), any unfair contract terms are void, and under Section 18, businesses must avoid engaging in misleading or deceptive conduct. I seek confirmation that my account termination aligns with these provisions and does not constitute an arbitrary or unjust denial of service.

-

-I also highlighted prior communication on 9 July 2024, requesting reconsideration and clarification, which went unacknowledged.

Ignoring such correspondence demonstrates a lack of proper engagement with my concerns, contrary to principles of good faith dealings outlined in Section 22 of the ACL.

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-I reiterate my request for a detailed explanation for the termination and confirmation that your actions comply with Australian law. I trust that CoinSpot will address these issues transparently and without further delay.

-

-Kind regards,

-My Name Surname

This was sent 22/11/24

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User's recommendation: BUYER BEWARE!!! No reason given for stopping their services.

Anonymous
map-marker Manly Vale, New South Wales

Can’t get in

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I got in and purchased

Mess trying to get the extra security. Tried to go back in.

Said password wrong changed pass word. Tried To go in. Said password or name was wrong before even tried to login. Other times the capture is wrong.

As soon as these things about wrong is in no matter what you check or change they remain. The line is not removed so you can try again. Turned off iPad waited, started all over again. The reason I want to get in is to setup the next level of security.

Which I have tried and need help.

I used to be a programmer. Why cant I do your programs?

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User's recommendation: They were very patient. And. Helpful

ian H Fft

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
| map-marker Perth, Western Australia

Frozen account

Please call me on 041281**** so we can clear up this misunderstanding about my account.

Please note: Withdrawals are currently not available on your account.

Please contact support for more information.

They had no reason to freeze my account over me sending money to a friend in the US. Now to withdraw any money I need to sell my Crypto and take a loss in fees and charges.

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User's recommendation: Send an Email with the reason why the account is frozen and what need to happen to unfreeze it.

1 comment
Bruce L Njz

Getting scammed by this company was the worst nightmare that happened to me early this year. I wish I had done enough research before engaging.

Maybe the situation with them would have been different.

I was so naïve and did not have enough information I needed to know about the whole online investing scenario. I will not wish my experience upon anyone because it was such a roller coaster one, I am just happy i was eventually able to recover my lost funds through a reliable source I am open to share with anyone who might have been a victim of this Ponzi scheme dorisashley52@***.com WhatsApp +351 968 *** *67

Anonymous
map-marker Sydney, New South Wales

No record of my purchase.

I purchased a AI bundle. Where can I find the details of the purchase? I an unable to see it in my wallet or any other place.

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Izayiah Vnv

Wanting account details to buy bitcoin

Would like to know if my account is still valid can I still use this account to send more bitcoin to my friends wallet please

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Pros:
  • Conveniant

Preferred solution: To buy more bitcoin to send to my friend

Lynette S Gfi

This review is written by an individual who has purchased the reviewed product/service and/or confirms being a paying customer of this company. Check our FAQ

Verified Buyer

I’m not able to withdraw

CoinSpot - I’m not able to withdraw
Contains 1 confidential file for company representatives

My account says withdraw i cant withdraw out and Im laying this complain to be attended to as fast ok

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Preferred solution: Access to withdraw my coins

Anonymous
map-marker Sydney, New South Wales

Pending transaction

CoinSpot - Pending transaction

My $500 worth of bitcoin is on pending on 07/07/2023 what Im I gonna do to get the transaction processed please kindly reply

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User's recommendation: What I’m I to do ?

Andrew M Plb

I need to talk to some body as i need help as i am supposed to get my money to nighter

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i am not pissed of i need some helpful for support as i am to get a call about chashing in my bitcoin

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Pros:
  • Only one that i was given to me
Cons:
  • I my get some money

Preferred solution: advise

Reuben H Yol

Issue

Contains 1 confidential file for company representatives

Hello there my name is Reuben and I sent 20 in my coinspot using bpay but it hasnt came through the coinspot account

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Loss:
$20

Preferred solution: Full refund

Fidelis A Zns

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
| map-marker Paris, Ile-De-France

Educational

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It will be bad to keep this alone to myself I came across the best bitcoin expect ever Maria Renee fx who really help me to invest, she is very honest and diligent in her work. All I did was invest $500 and within 5 days she made $6,500 profit for me. Contact her via

WhatsApp: +1 (73*) ***-****

View full review
Loss:
$5000
Pros:
  • Innovative
Cons:
  • Reduction

Preferred solution: Price reduction

User's recommendation: Follow my instructions

Adele W Yzi
map-marker Sydney, New South Wales

Incompetent Provider Hoax

They don't want to expedite BTC to BTC

What is the point have their platform is a consumer they blocked to do what is v to be avail service they Provide

How can the consumers perform

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Pros:
  • Controlling

Preferred solution: To not locked my freedom to invest where I am satisfied

Adam F Vmi

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer

TOTAL SCAM - stole $4,000 from me.

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CoinSpot - TOTAL SCAM - stole $4,000 from me.

I passed all ID verification (passport, photo of me, photo of me with my passport, photo of me with my passport with a piece of paper with the information they wanted written on it).

I paid $4,000 to buy Bitcoin.

When I went to withdraw Bitcoin they said they wanted to call me. Why?

I've passed all your ID checks. They said they tried to call but the number was disconnected. Weird.

So I provided them with an alternative number to call me on. To do that I had to upload a photo of me, holding my passport, holding a piece of paper, requesting the phone number change.

Really? Thats the first platform Ive ever used where I cant simply change my email or mobile number and use email / SMS confirmations to approve the change. But anyway. I complied.

They then said they tried to call me but the number was disconnected.

What utter lies. 2 number that don't work?

Around in circles we went, at one point them telling me I needed to send in a photo of me holding my passport....

and so on endless "customer service" loop I went.

They even asked me to call them but provided no phone number. When I asked for a phone number they refused to provide one.

As a first time customer and seemingly no way to get my money from them, I'm worried about whether I've been completely scammed or not.

View full review
Loss:
$4000
Pros:
  • Nothing about this company
Cons:
  • Steal your money
  • Fact they steal your money

Preferred solution: To accept they are a scam and liquidate the company.

User's recommendation: Avoid at all costs

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