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CoinSpot: proving you own your self-custody wallet

On a send, pick the Address Type. If it is your private wallet, CoinSpot asks for no additional information. Sends to another exchange or another person need the account holder's or recipient's full or business name. Deposits may wait until you complete the Travel Rule form from the email link or the yellow dashboard banner. No Satoshi test or message signing is described.

Never share your seed phrase or private key. CoinSpot only needs a signature, a small test deposit or the details it asks for in its own app. Last checked 2026-10-27. Not legal advice.
Based on CoinSpot Help Centre articles. CoinSpot's private-wallet flow currently asks for no extra information; if a future update adds an ownership check, follow the live prompt.
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When CoinSpot asks

Where: Australia (AUSTRAC AML/CTF Travel Rule, in effect from July 1, 2026).

Threshold: CoinSpot says all withdrawals from July 1, 2026 must state whether the recipient is your private wallet, another exchange or another individual/business. No dollar threshold is given in the articles we checked.

Accepted verification methods

MethodStatusDetails
Address Type (private wallet / exchange / individual)AcceptedChoose where you are sending to. Your private wallet: no additional information. Another exchange: account holder full name or business name. Another individual/business: their full name or business name.[1][2][3]
Deposit Travel Rule formAcceptedFor incoming crypto, complete the Travel Rule form via the email CoinSpot sends or the yellow banner on your dashboard (web or app), with details matching your transaction.[4][5]
Message signingNot listedNot described in the CoinSpot Travel Rule or send/receive articles we checked.[1][2][3][4]
Satoshi testNot listedNot described in the CoinSpot articles we checked.[1][2][3][4]
ScreenshotNot listedNot mentioned in the CoinSpot articles we checked.
CoinSpot doesn’t ask for a signature? If support follows up, a signed message from your wallet is stronger evidence of ownership than a checkbox or a screenshot. Check a signature free in your browser and keep a proof record. Nothing leaves your device.

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Step by step

Send to your private wallet (mobile app)[1][3]

  1. Tap Wallets, open the coin (for example Bitcoin) and tap Send.
  2. Paste or scan your receiving address from your own wallet.
  3. Set Address Type to your private wallet. CoinSpot says no additional information is required.
  4. Pick the transfer network your wallet supports, enter the amount and review the summary, then tap Submit.
  5. Enter your app-based 2FA code and tap Confirm Send (app sends require app-based 2FA).
  6. Open the confirmation email and tap the withdrawal link to release the send.

Send on the website[2]

  1. Go to Wallets, search for the coin and open its wallet, then select Send.
  2. Enter the amount and the external receiving address, select where you are sending to, enter your 2FA token and select Send.
  3. Confirm the withdrawal from the link in the confirmation email.

Deposit from your own wallet[4][5]

  1. Send to the CoinSpot receiving address (include any memo/destination tag).
  2. When the coins arrive, complete the Travel Rule form from the dashboard banner (website or app) or the email CoinSpot sends.
  3. Make sure the details match the transaction, then allow time for the balance to update.

Common errors and fixes

Deposit missing from my balance

CoinSpot says to make sure the Travel Rule form is completed with details that match the transaction, via the email link or the yellow dashboard banner.[4]

"Invalid Address" or wrong network

CoinSpot warns that sending on the wrong network may lose coins or show "Invalid Address". Check which network your wallet supports first.[3]

Send still pending

Check that you clicked the withdrawal link in the confirmation email. If it is still pending, CoinSpot says to contact support.[2]

FAQ

Do I have to prove I own my wallet to withdraw?

CoinSpot's Travel Rule article says withdrawals to your private wallet need no additional information. You just choose the right Address Type.

Can I deposit straight from a mining pool?

CoinSpot says manual-deposit coins sent directly from mining pools are not accepted; send them to a private wallet first.

Where do I get help?

CoinSpot points to its Zendesk request form and live chat.

Sources

Last checked 2026-10-27. Numbers in brackets [n] in the text refer to this list.

  1. What is the Travel Rule? (CoinSpot Help) (official)
  2. Sending coins to an External Wallet address (CoinSpot Help) (official)
  3. CoinSpot Mobile App - How to send to an external wallet (CoinSpot Help) (official)
  4. Sending & Receiving FAQ (CoinSpot Help) (official)
  5. CoinSpot Mobile App - Locating receiving wallet address (CoinSpot Help) (official)

KeyProof is not affiliated with CoinSpot. This guide summarizes CoinSpot's public help pages and may be out of date. Always follow the instructions in your CoinSpot app. Not legal, tax or financial advice.