Bitcoin Exchange
CoinSpot
allows users to easily buy Bitcoin, Ethereum, XRP and over 310 other digital
currencies. Due to CoinSpot making crypto investing simple, we are widely known
as Australia’s best cryptocurrency exchange. We offer users easy access to the
largest variety of coins and trading pairs. Simply make a payment directly to
your CoinSpot account to get started. You can even make direct swaps between
any currency listed on the platform.
Utilise
Stop-Loss, Take-Profit & Limit Orders to make the most of market
opportunities. For high value trading, institutional investment, and Self
Managed Super Funds, we have a dedicated OTC (Over The Counter) Trading Desk
& SMSF team to assist with all aspects of account management.
In order to
achieve the ISO 27001 standard as mandated by the International Organisation
for Standardisation, CoinSpot was required to complete an external audit
undertaken by SCI Qual International (an accredited JAS-ANZ certification
body).
The
certification process requires an in-depth investigation and ongoing audits of
Information Security Management processes and practices. This includes
processes relating to the management of; digital asset storage, information
relating to employees, contractors, suppliers, clients, products, processes,
and intellectual property. These stringent policies are designed to eliminate
unauthorised access, use, destruction, modification or closure of the
organisations information management systems.
AML Policy
Since the
4th of April 2018 CoinSpot has become a Registered Digital Currency Exchange,
we are bound by Australian law to ensure the service we provide does not
facilitate money laundering or terrorism financing.
We have
various Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and
Fraud Prevention measures in place which are designed to help us monitor,
detect and prevent these attempts.
crypto currency trading
platform
As part of
complying with AUSTRAC’s reporting guidelines, we will report any event
suspected to be involved with Money Laundering, Proceeds of Crime, Terrorism,
Fraud or Trafficking.
CoinSpot
will take reasonable steps to Identify you when you open an account to comply
with Know your Customer (KYC) regulations. These measure are in place to
protect both you and the broader community of Australia.
What is
Money Laundering?
Money
laundering is the process in which the proceeds of crime are transformed into
legitimate money or other assets.
However, in
a number of legal and regulatory systems the term money laundering has become
conflated with other forms of financial crime, and sometimes used more
generally to include misuse of the financial system (involving things such as
securities, digital currencies, credit cards, and traditional currency),
including terrorism financing, tax evasion and evading of international
sanctions.
What is
Terrorism Financing?
Simply put
it is the use of funds, concealing the original source, for use in acts of
terrorism.
Who is
AUSTRAC?
AUSTRAC is
an Australian Government Financial Intelligence Agency that was set up to
monitor financial transactions. It specifically looks to identify money
laundering, tax evasion, welfare fraud, terrorism and organised crime.
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