For Aussies - Selling Bitcoin on CoinSpot

[smwau2001]

Hi Russel.

As you would already know your fees are excessively high. Bittrex exchange charge a flat 0.25% commission for buying and selling.
Coinspot charges between 2 and 3% commission for buying and selling . And says the exact amount is written on each coins buy and sell pages. Which it is not.

So if I want to withdraw $100,000 you'll take $3000.00. and Bittrex will take $250.00.
And If I want to buy something now that is going to make me $100,000. Because of your higher fees. You'll cost me about 5 grand worth of coin because of the higher buying price. Then there's the selling fees. Which would put a 100,000 dollar profit down about 10,000.

Just so we are both clear on this?

[ashkbne]

I know this is an old topic, but I came across this and wanted to say how great a job Russ and the team have done in finally updating their spreads and margin on CoinSpot. I guess it goes to show you have to make some gains to get to a point where you can be more efficient and cut the margins; those fees have been reduced now to around 1% for most coins. Great job. I first started trading on Coinspot as a way to buy cryptocurrency in Australia when it started going nuts last year, and very happy to see that CoinSpot has only improved since then.

[EpixDk]

How is Coinspot performing today as a crypto exchange?