CoinSpot review: licences, terms and gambling clause
Can you deposit to a casino from CoinSpot?
CoinSpot's terms restrict gambling without banning it outright, in Terms of Use, clause 16 and 16.1, item 3; a deposit to a casino not licensed where you live can breach them. Its terms let it freeze or suspend an account. No registration is confirmed in an issuing register. 4 points are not verified. No primary-source incident is recorded.
Documents last checked Reviewed by CryptoGuardz Register Desk, editorial desk
Disclosure: CryptoGuardz has no commercial relationship with CoinSpot, earns nothing if you open an account there, and has not contacted the company or given it notice of this entry. Every statement below is either a verbatim quote from a document CoinSpot publishes or a statement about a public register, and both carry the date they were read. Corrections go to the corrections page.
1. What this means for you
Consequences first, in the conditional, each one produced by a clause in a document CoinSpot publishes itself. Every line links to that clause, quoted in full and dated.
- Your account can be suspended or closed for any reason CoinSpot gives The freeze clause itself requires notice, but a separate ground lets the exchange suspend or terminate an account for any reason. Both are quoted below.
- You cannot tell what happens to your coins if CoinSpot fails, because the binding document does not say There is no insolvency clause in the terms. A reader is left to infer their position as an unsecured creditor from a document that declines to state it.
- You have no authority to complain to if something goes wrong, because no registration could be confirmed No authorisation claimed by CoinSpot was found in an issuing authority's own public register.
- You may breach the terms if the casino you fund is unlicensed where you live CoinSpot's clause covers unlawful, unregulated or illegal gambling rather than gambling as such. It is quoted in section 10.
2. What this entry records, and what it does not
This register publishes no number for an exchange. The payout score on the casino register has five defined components and a published arithmetic; no equivalent instrument exists here, and inventing one to fill the space would be a measurement nobody made. What follows instead is a field-by-field account of what was read, where it was read and when.
| Binding terms | Read in full 6 clauses captured verbatim across 4 topics, retrieved 2026-10-09 |
|---|---|
| Contracting entity | Casey Block Services Pty LtdJurisdiction Australia (Australian Private Company, main business location VIC 3181) · ABN 19 619 574 186 (ACN 619 574 186) |
| Registration check | Nothing confirmed in any issuing registerESMA interim MiCA register, published CSV, read 2026-10-09 |
| Proof of reserves | No dataNo exchange-hosted disclosure page could be loaded by any route attempted. |
| Insolvency outcome | Not disclosedThe binding document contains no insolvency clause. This is an absence in their document, not a gap in our reading. |
| Withdrawal test | Not measuredNo first-party deposit or withdrawal has been run against this exchange. It would require funding an account, which this register has not done. Until it has, nothing here is a measurement of how fast the exchange pays. |
| On-chain reserve verification | Not measuredNo independent reconstruction of the Merkle tree or of the exchange's wallet holdings has been attempted. |
3. What we could not verify
Every entry carries this section. The gaps are published because a reader deserves the limits of the check as well as its results.
- The AUSTRAC digital currency exchange registration CoinSpot claims. The AUSTRAC register requires a login, and the AUSTRAC guidance page is disallowed by robots.txt.
- Any proof of reserves. No page was retrieved.
- The networks CoinSpot supports for USDT withdrawals. No network list was read.
- Incidents. A search restricted to asic.gov.au, austrac.gov.au, fedcourt.gov.au and coinspot.com.au returned no regulator action, court filing or company post-mortem concerning CoinSpot. That is not a finding that none exists.
4. Who you are contracting with
The counterparty named in the binding document, not the brand on the website. This is the company a claim would be brought against and whose insolvency estate a user would be a creditor of.
| Named counterparty | Casey Block Services Pty Ltdsource · retrieved 2026-10-09 |
|---|---|
| Jurisdiction of incorporation | Australia (Australian Private Company, main business location VIC 3181) |
| Company number | ABN 19 619 574 186 (ACN 619 574 186) |
The CoinSpot Terms of Use, clause 1, name "Casey Block Services Pty Ltd ABN 19 619 574 186, trading as 'CoinSpot'". The Terms carry no date; clause 121 says the version published on the date viewed supersedes earlier versions. The Australian Business Register, read 9 October 2026, carries CASEY BLOCK SERVICES PTY LTD, ABN 19 619 574 186, active from 06 Jun 2017, Australian Private Company, ACN 619 574 186, main business location VIC 3181, with the business name CoinSpot registered from 19 Jan 2018.
Clause 49 gives an AFSL for a card issuer, EML Payment Solutions Limited (AFSL 404131). That licence belongs to the card issuer, not to CoinSpot, and CoinSpot claims no AFSL of its own in the Terms.
These Terms of Use are governed by the laws of the State of Victoriacoinspot.com.au
5. Registrations, claimed and confirmed
No registration CoinSpot claims could be found in an issuing authority's own public register. That is an absence of confirmation, not evidence that a registration is invalid. The company itself was confirmed in the Australian Business Register. No regulatory registration was confirmed in a regulator's own register; the AUSTRAC register requires a login.
| Authority | Kind | Confirmed | What it covers |
|---|---|---|---|
| Australian Transaction Reports and Analysis Centre (AUSTRAC) digital currency exchange register | authorisation | no | Claimed on CoinSpot's AML policy page: "Since the 4th of April 2018 CoinSpot has become a Registered Virtual Asset Service Provider", with no registration number. A digital currency exchange registration is an anti-money-laundering registration, not a licence to operate an exchange, and carries no prudential, custody or client-money requirement. Not confirmed: the AUSTRAC public register redirected to a login page, and the AUSTRAC guidance page on checking registration is disallowed to automated readers by robots.txt and was not read. |
| European Securities and Markets Authority (MiCA register of non-compliant entities) | adverse listing | not listed | Negative check. The official ESMA register of non-compliant entities providing crypto-asset services was retrieved on 9 October 2026 (173 data rows, ending with a complete row) and searched. Neither CoinSpot nor Casey Block appears in it. |
6. Proof of reserves
No CoinSpot-hosted proof of reserves page could be loaded. No proof of reserves page was retrieved for this entry, and the Terms of Use reference none. Recorded as no data.
Nothing is recorded here as a result. The field is No data rather than no, because a page that would not load is not the same as a disclosure that does not exist, and this register does not publish the two as though they were.
7. Custody, segregation and insolvency
What the binding document says about where your coins sit and what happens to them if the exchange fails, quoted rather than characterised.
CoinSpot may hold your funds, assets or Coins on different exchange platforms.coinspot.com.au
There is no clause in CoinSpot’s terms describing what happens to customer digital assets if CoinSpot itself becomes insolvent. A user is left to infer that they are an unsecured creditor from a document that declines to say so. The absence is recorded as Not disclosed: it is a gap in their document, not in our reading of it.
8. Freezing your account
3 clauses, quoted in the order they appear in the document. Read the last one first: it is the ground that swallows the others.
CoinSpot may suspend, limit, restrict, deactivate or terminate your access to CoinSpot’s Platform and Services, including your CoinSpot account, if:coinspot.com.au
We are under no obligation to return fiat currencies or Coins to you if your CoinSpot account is suspended or deactivated due to a breach of these Terms of Use.coinspot.com.au
Any user of CoinSpot’s Platform who violates or breaches our Terms of Use may have their membership and CoinSpot account suspended or terminated, as well as any pending transactions cancelled.coinspot.com.au
9. Suspending withdrawals
Not recorded. See section 2 for why.
10. Sending funds to a casino from CoinSpot
CoinSpot's terms restrict gambling only where it is unlawful, unregulated or illegal. Whether a deposit to a given casino breaches them depends on that casino's licence and on where you are.
You must not: Engage in any restricted or criminal activities, including but not limited to: [...] Illegal gambling;coinspot.com.au
Any user of CoinSpot’s Platform who violates or breaches our Terms of Use may have their membership and CoinSpot account suspended or terminated, as well as any pending transactions cancelled.coinspot.com.au
The quote joins the lead-ins of clause 16 and 16.1 to the list item "Illegal gambling;". The clause is limited to illegal gambling. It does not name casinos or say whether withdrawals to a gambling platform are blocked. The consequence quote is clause 17. The AML policy page does not mention gambling.
11. Which networks CoinSpot withdraws USDT on
No dataThe network list could not be confirmed. See the note below.
No CoinSpot page listing USDT withdrawal networks was read for this entry. No chain is counted. Source. Which DEXes operate on each of those chains is in the DEX register.
12. Amendment, liquidation, arbitration and governing law
The clauses that decide what the contract can become, what can be done to an open position, and where a dispute would be heard.
We may amend, modify, add to or delete these Terms of Use at our discretioncoinspot.com.au
13. Public record
No incident is recorded for CoinSpot. That is not a clean bill of health. It means no primary source, meaning a regulator action, a court filing or a company post-mortem, was retrieved within this collection. Absence of a record here is the absence of a search result.
14. Who should avoid CoinSpot
Anyone who needs an authority to complain to. No registration CoinSpot claims could be confirmed in an issuing register, so there is no supervisory body this register can point a user at when something goes wrong. And anyone who wants to know, before depositing, where they would stand if the exchange failed: the document does not answer that question.
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Or read the whole exchange register, the same method applied to wallets and to crypto casinos, the clause library at clause watch, or how this register works.