The fee for our Instant Buy and Sell is always a fee of 1%. This fee is higher than our Market option however it provides Instant liquidity at a confirmed price. Stop Loss, Take Profit, Buy Stop and Buy Limit Orders via our Instant Buy/Sell pages allow you to execute your custom trade also at a 1% fee per trade.
Large differences between the Buy and Sell price are often a result of low depth or liquidity in the market. This occurs when there is a large discrepancy between how much the market is willing to pay for a digital currency and how much the market is willing to sell the digital currency for.
We make it easy to buy and sell Bitcoin no matter what your trading experience is. Unlike other international and Australian Bitcoin exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.
Crypto.com has a maker fee of 0.04-0.20%, and taker fees of 0.10-0.20%.
Enter the quantity you would like to sell if the market rate rises to your selected price. Click 'Set Take Profit' to confirm your SOLVE Take Profit and your order will be created. Manage your open orders from the Open Orders page.
Yes. The ATO track cryptocurrency activities tied to individuals. Exchanges operating in Australia, such as Binance, & Coinspot are required to report the details of Australian users to the ATO.
Can you convert Bitcoin Cash to cash? Yes! With CoinSpot you can convert your Bitcoin Cash to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.
Most cryptocurrency exchanges charge between 0% and 1.5% per trade, depending on whether you're a maker (buyer) or taker (seller). That means that if you've dedicated $1,000 to invest in crypto, the fee you'll pay for that transaction, on average, could be anywhere from $0 to $15.
CoinBase Pro is the professional version of the CoinBase platform. It offers much better fee rates that begin at 0.50% on buy and sell trades. In addition, the platform lets users set up stop-loss, limit, and market orders on Bitcoin.
Although most coin and token withdrawals are processed immediately, withdrawals can take up to 12 hours. We endeavour to process your withdrawals and have them broadcast on the Blockchain as soon as possible. However, we are unable to guarantee instant withdrawals.
BTC, ETH, XRP, BCH, EOS, LTC, BNB, HOT, TRX, ADA, NEO - $100,000 limit per transaction. Other coin limits will range from $100 to $50,000 per transaction depending on market liquidity. These limits cannot be raised on each users CoinSpot account.
The price changes as we adjust for depth of the order book and to ensure we can execute your order instantly. Using the above order book as an example, if you wanted to buy 1 Ethereum you could purchase at the market rate for $200 (as there are two sell orders currently placed at $200).
If CoinSpot becomes insolvent, you will be an unsecured creditor in relation to all Eligible Earn Coins lent under Earn Contracts and you may not be repaid in full or at all.
Blockchain fees depend on several factors including network congestion, transaction confirmation times (affected by liquidity providers), and transaction size (as measured in kilobytes; affected when converting crypto from multiple inputs such as faucet earnings or other micro-transactions).
Scarcity. Bitcoin's value is a function of this scarcity. As the supply diminishes, demand for cryptocurrency has increased. Investors are clamoring for a slice of the ever-increasing profit pie that results from trading its limited supply.
There are no firm rules on when you shouldn't sell crypto. The most important thing to remember here is that you shouldn't panic-sell because the price has dropped. If you still think it has long-term value, hang on to it. Panic-selling is a decision that many crypto investors later regret.
Buy and HODL. If your strategy is to simply buy and hold your crypto, then you don't need to pay tax on your cryptocurrency you hodl, even if the value of your portfolio increases. The taxable event is when you sell, exchange or gift your crypto (to a DGR).
There are a number of methods to sell Bitcoin and other cryptocurrencies. In Australia, crypto can be sold via exchanges, peer to peer trading, crypto ATMs, as well as through brokers.
Centralized crypto exchanges are one of the best ways to turn your Bitcoin (or other cryptocurrencies) into cash. With access to hundreds of coins, multiple supported fiat currencies, and low trading fees, exchanges offer the most flexibility when cashing out your crypto.
CoinSpot Fees
Clear & simple fees with no hidden costs anywhere. Australia's lowest fees from 0.1%. Multiple trade options to suit your needs.
The ATO can track money trails back to taxpayers through data from banks, financial institutions and crypto asset online exchanges. “We are able to match this data to individuals transacting in crypto assets, so don't forget to include gains and losses in your tax return” Mr Loh said.