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George Brown

George Brown

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Why is Coinspot so expensive

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Why is Coinspot so expensive?

Why is Coinspot so expensive

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Coinspot is a legacy Australian Cryptocurrency exchange, as one of the older changes they have some of the highest rates at over 1% per trade. It is advised to look for a more cost-effective option when trading.
As an example of the current fee charges between the platforms:

1. Swyftx – AUD – Bitcoin, Ethereum, and more – Low 0.6% Fee
2. Independent Reserve – AUD – Low 0.5% Fee

3. Digital Surge – Low 0.5% fee. 

Vs.

CoinSpot – AUD – Bitcoin, Ethereum, and more – 1% Fee so a bit higher if you trade a lot of crypto.

Why is Coinspot so expensive

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As an example if you make an order of

$10,000 in Bitcoin on Coinspot the fee will be – $100

Where on Swyftx a trade of $10,000 will only have a fee of $60

Saving you $40.Our Recommended Alternative to Coinspot for buying Bitcoin in Australia is: Swyftx 

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