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Author Topic: For Aussies - Selling Bitcoin on CoinSpot  (Read 29354 times)
Electronix
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June 13, 2017, 05:06:56 PM
 #21

Thanks for the reports. The does anyone recommend any other Aussie exchanges?
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Angel22
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June 20, 2017, 08:47:38 PM
 #22

YOU ARE STEALING!!! YOU STATE THAT YOUR BANKING IS DONE ON TUESDAY NIGHTS!!!!! THEN 'WHY' WEREN'T MY FUNDS DEPOSITED INTO MY ACCOUNT!!! WHY ARE THEY STILL IN MY COINSPOT ACCOUNT!!!! YOUR SO CALLED COMPANY IS EXTREMELY UNPROFESSIONAL!!! NEVER ANY REPLIES!!! HAVE MESSAGED VIA FACEBOOK SO MANY TIMES AND NOTHING!! SORT THIS OUT NOW!!!!! OR I WILL TAKE THIS FURTHER!!!!!
WARNING TO EVERYONE, 'DONT DEAL WITH COINSPOT!!!'
DynaFEX
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July 02, 2017, 02:15:40 AM
 #23

Hi Russell are you there???

I am trying to join your site and they're telling me they won't accept a valid Australian passport as identification?

This is proposterous. I run a mining farm and was planning to recommend your service to my Australian customers but this is extremely frustrating! Plus they emailed me saying they tried to call 3 times but that's a load of crap I didn't receive one call.

Email is simenzie@hotmail.com please resolve this for me ASAP or I'll have to seriously reconsider transferring over to your site.

Thanks,
Simon.
smwau2001
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August 05, 2017, 12:58:02 AM
 #24

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
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August 07, 2018, 07:37:58 AM
 #25

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.
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