It provides a hot wallet for every coin its exchange is currently trading. I understand that maintenance happens, it is more the idea of no ETA of completion by support (not even a ballpark of hours/days/weeks) and no advance warning when i submitted the withdraw request that has rubbed me the wrong way. Coinspot is an Australian based exchange that allows users to buy and sell more than 100 different cryptocurrencies. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to. Scroll down to the coin you wish to send or search for the coin you wish to send in the search box. Treating crypto like fractional reserve banking. OLD CoinSpot subreddit - please refer to the pinned post and join our new subreddit via r/coinspotau. Founded in December 2013 by Russell Wilson, CoinSpot was setup using Russel’s existing ABN which he had from IT consulting work, running CoinSpot as a sole trader with the trading name of CoinSpot. 3. Keep them safe (from remote access if it's a hot wallet, and from fire, misplacing, etc for a cold wallet) Pay the outgoing transaction fees to send them from Coinspot (those vary greatly depending on the coin) To sell them in the future, you'll need to get the wallets set-up again if they were cold wallets, or if you just stored a recovery seed The wallet at least should have an option of showing a SELL worth.The main issue isn't the double dipping as each person could decide whether to do business with Coinspot or … It can be a regular system maintenance or a major server upgrade. Although at times it can be inconvenient, unfortunately wallet upgrades and wallet maintenance are an essential part of the development and security of this technology. Australia-based multi-currency exchange and wallet where coins can be bought and sold for AUD. In reality, their transaction fees are 2-10 times higher than the actual mining fee. The coinspot wallet is a custodial wallet. My withdrawal has been stuck for 6 days!!!!! Or to harass the Helpdesk with a question via email. Probably only they can help identify what has happened to the money under their control. If the wallets where down they would have a transparent page saying what is down, why, and how they plan on fixing it. lol. If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au . Each time you make a purchase the coins will be automatically allocated to the corresponding wallet within your CoinSpot account. Symbol (XYM) Airdrop is complete and is now open for trading on Coinspot. Then, on the right you can enter the Amount you wish to send. Select Send Bitcoin. However, it is never recommended to store large amounts of crypto on any cryptocurrency exchange, even if they do have an impeccable safety history like CoinSpot does. If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au . Although at times it can be inconvenient, unfortunately wallet upgrades and wallet maintenance are an essential part of the development and security of this technology. Harmony one withdrawal. @mairtoc @WAX_io 4 days trying to move $ from CoinSpot to WAX wallet and the problem I am told is at your end.What is happening over there? Never play with crypto when youre pissed. The wallet at least should have an option of showing a SELL worth.The main issue isn't the double dipping as each person could decide whether to do business with Coinspot or … It is unfortunate and I understand that these things happen, I just hope the person Im sending it to is as understanding and is willing to wait. There is no sign-up or maintenance fee charged for its use. Bitcoin deposit pending in your CoinSpot wallet? Still moderated by a CoinSpot representative known as rockethelper. Buy, sell & swap cryptocurrency online. CoinSpot hot wallet funds are kept to a minimum level and refilled periodically to ensure security risks are minimised. New comments cannot be posted and votes cannot be cast. Users can store many coins, including Bitcoin, DASH, Dogecoin, Litecoin and others. A notifications page/ what’s under maintenance would help. Read more: About: Coinspot wallet is a special service provided by Coisnpot exchange. Additionally, although the exchange has the 2-FA security feature, it does not offer multi-sig logins. – RedGrittyBrick Mar 11 at 11:02 During temporary system maintenance exchanges will often suspend both deposits and withdrawals. If you have any other questions or issues regarding your specific account or transactions, please contact our team via live chat so that they can assist you right away. 9. Select Open Wallet - BTC used as an example. I swapped my coins to AVAX (paid 1% swap fee to CoinSpot). Hi! Press question mark to learn the rest of the keyboard shortcuts. CoinSpot advertises the CoinSpot Multicoin Wallet, but this is nothing more than a web wallet. We have been operating since 2013 and are definitely not a scam site. Wallet maintenance is not intentionally done/artificially created to bring more fees to the CoinSpot platform. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to. When your unannounced outages bring you income (fees) and do not provide the promised service it's hard to believe your company is anything but a scam. How do I convert BCH Cash Address (q Address) to Legacy Address? Coinspot has a slippery definition of "standard transaction (mining) fee" - I quote: "as these fee's cover wallet security and maintenance as well as the mining fees". Please Contact Support for further information. Then from wallet send it to your exchange account. We do not control when this is undertaken by our wallet providers or coin development teams however we do apologise for the inconvenience. I’m sorry to hear about this! It provides a hot wallet for every coin its exchange is currently trading. Im having a heap of trouble moving altcoins on the binance smart chain. Can you please explain your situation further via live chat so that a team member can look into this for you. Not to do so invites a class action suite for damages and lost earnings (or a boot party in your car park). Good luck overcoming your current reputation - I'm one of many that got burned by your maintenance, seems your wallets always are out when you make a profit on the currency fluctuations - of course, we can always wait a few days to get our money back if we elect to back out of the contract you breached... As outlined in my previous comment - Wallet maintenance is not intentionally done/artificially created to bring more fees to the CoinSpot platform. 0 comments. Press J to jump to the feed. hide. 2021-04-26 23:21:14 @EmmaDep How it works #holochain #blockchain #postblockchain #p2p #coinspot #ausbiz CoinSpot will only attempt to recover invalid coin deposits worth at least $500 at the time of deposit. The following documents will be required: Firstly, thanks for being active on this sub as I was not expecting a response so quickly. save. This would be very handy. Still moderated by a CoinSpot representative known as rockethelper. Swap Trust Wallet Token (TWT) with instant delivery and easy verification on CoinSpot - Australia’s most trusted cryptocurrency exchange since 2013. Only other options are to try a transaction and fail, then to harass the help desk. It is an account with a business, not a normal wallet where you alone have access to private-keys. Initially, Russel started CoinSpot as a free online wallet that soon grew as an important shopping point for other cryptocurrencies especially Bitcoin, Litecoin, and Dogecoin. Currently ,CoinSpot wallet has more than 60 coins and tokens. Wallet maintenance is not intentionally done/artificially created to bring more fees to the CoinSpot platform. Then, I checked CoinSpot and saw AVAX withdrawal is fine. CoinSpot is a Web-based cryptocurrency wallet that supports BTC, LTC, DASH, ETH, ETC, XRP, NEM, XMR, NXT, PPC, MAID, ZEC. Select Wallets from the menu at the top of your account. OLD CoinSpot subreddit - please refer to the pinned post and join our new subreddit via r/coinspotau. The support request must be made within 7 days of the deposit and we will charge a 0.01 BTC recovery fee for the successful recovery of these coins. Exchange maintenance – Deposit / withdrawal suspension: Exchanges often go through periodic maintenance to scale up their systems. CoinSpot is a multi cryptocurrency wallet with built-in trading features. Sending Coins & Tokens into CoinSpot - locating your wallet address. Currently ,CoinSpot wallet has more than 60 coins and tokens. share. CoinSpot is Australia's trusted Bitcoin & cryptocurrency trading platform with instant delivery and easy verification. CoinSpot also provides a … Is there a page that says what wallets are under maintance and when they will be back on line? As soon as you try to send a transaction from a wallet, the website claims that specific wallet is "down for maintenance" with no ETA of when it will be back up. CoinSpot (Cryptocurrency Exchange): 2.6 out of 5 stars from 196 genuine reviews on Australia's largest opinion site ProductReview.com.au. Ensure you have accounted for the transaction fee below - there must be sufficient balance left in your wallet to … 10. Just lost 16000 on coinspot after " mainteance". You are still able to withdraw your holdings from your CoinSpot account. Posted by 2 days ago. A basic Coinspot account allows the users to explore the features of the website but cannot deposit or withdraw funds until verification is completed. it is highly likely to be a scam and you should contact our support team immediately. Im pretty sure the wallets arent down, they just dont have liquidity on these coins because they are staking them and reeping our rewards. CoinSpot buying and selling is temporarily halted for maintenance, we apologise for the inconvenience and will be back soon! Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to. Never create an account on behalf of someone else If you have been asked to login or create an account to purchase something on Gumtree, Ebay etc.