Coinspot Crypto Currency Trading Fees Binance?

[Deactivated] on 17/02/2021 - 23:02
Last edited 18/02/2021 - 05:31 by 1 other user

Hello guys,

Most my holding are on Coinspot. Your portfolio amount is much different to the amount you end up with when you sell on there.

For eg my Polkadot wallet is worth 18k, but when I go to sell I only end up with roughly 16.6k

Should I send it to Binance to sell? the cost is 0.1 %

Thanks in advance

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CoinSpot

• 

  tajid on 17/02/2021 - 23:11

  +1

  Yes I would

• 

  dylanando on 17/02/2021 - 23:17

  +1

  Yeah, Advice for anyone else. Avoid coinspot!

  • 

    denz02 on 18/02/2021 - 00:05

    Can you explain why ?

    • 

      dylanando on 18/02/2021 - 00:09

      High fees and what op mentioned.

• 

  denz02 on 18/02/2021 - 00:08

  From your example that is more than 1% have you contacted them and ask why.

• 

  Tech5 on 18/02/2021 - 00:21

  Yes, jesus that fee is ridiculous. Binance fee is 0.1%

• 

  ajh on 18/02/2021 - 08:19

  I had a similar issue with link. Moved all my crypto to Binance.

• 

  NatoTomato on 18/02/2021 - 08:31

  Binance can't do AUD withrawals right? I had this issue yesterday as well. My previous solution was sending to btcmarkets and selling there, but I couldn't be bothered yesterday. Although I was only selling $600 so the fee was like 12$ rather than over 1k haha.

  • 

    djsweet on 18/02/2021 - 08:48

    Apparently you can. Can anyone confirm? https://www.binance.com/en/support/faq/546f8070943444d08bf0c…

    • 

      NatoTomato on 18/02/2021 - 08:55

      I did log in to it yesterday, and it said that that feature wasn't available in my region.

      • 

        djsweet on 18/02/2021 - 09:09

        And you are verified as an Australian Resident?

        • 

          isthatallyougot on 18/02/2021 - 09:15

          +2

          @djsweet: Binance does AUD deposits and withdrawals. The money hits your account pretty fast.

        • 

          NatoTomato on 18/02/2021 - 09:23

          @djsweet: Hmm maybe not, that's most likely the issue. I haven't used binance since the end of 2017 so they wouldn't have had Australian support back then.

  • 

    [Deactivated] on 18/02/2021 - 10:49

    We are in the Euphoria stage , might want to consider taking profits pronto. We might see a massive correction

    • 

      dust on 18/02/2021 - 10:58

      This is true for all markets but when it comes to crypto, nobody really knows anything.

    • 

      NatoTomato on 18/02/2021 - 11:18

      Bought in Nano last week and took 50% profits yesterday. Could've taken 75% but there was a chance it'd go higher.

      • 

        [Deactivated] on 18/02/2021 - 13:16

        Yeh nano , I dont see adoption at all. Best take the fomo profit