Is Scalping Crypto Feasible in Australia? Is There a Platform/Wallet That Has Low Enough Fees to Make It Worthwhile?

Souljarh on 04/01/2025 - 13:13

I am considering making many small transactions to buy and sell volatile crypto, but fees are notoriously high in Australia.
Does anyone have any experience? Is it even worthwhile?

Financial Cryptocurrency

Comments

  • Drpepper666 on 04/01/2025 - 13:32
    +7

    each transaction is a taxable event, enjoy op

    • Jaduqimon on 04/01/2025 - 13:38
      +5

      its ok he will be accumulating a lot of capital losses carried forward.

    • brendanm on 04/01/2025 - 16:31

      This is what makes it extremely difficult.

    • Souljarh on 04/01/2025 - 16:55

      So, paying tax on the profit will be the least of my issues; working out how much tax to pay will be a nightmare??

      • Clear on 04/01/2025 - 17:41

        If you don't want to do it yourself or use an accountant Crypto Tax Calculator will do it all for you. The base $49 per year subscription would do up to 100 transactions.

  • Protractor on 04/01/2025 - 14:24

    Yes
    No

  • Jimothy Wongingtons on 04/01/2025 - 14:54
    +1

    Report back in 1 year please

  • Wiadro on 04/01/2025 - 15:20

    Nah

  • Empharand on 04/01/2025 - 17:01
    +2

    It just so happens that I'm the #1 Expert in Scalping Crypto and I'm certified by the Worldwide Crypto Scalping Academy, I'm happy to check your eligibility if you provide your seed phrase!
    I'll verify your account to ensure you receive the full benefits on your account, I usually charge for this but I'll provide this to you free-of-charge

    • Clear on 04/01/2025 - 17:42

      Expert in Scalping Crypto

      Bonk or Turbo?

      • Empharand on 04/01/2025 - 22:21

        DogeElonTurboBonk Coin

  • FSTB on 04/01/2025 - 19:17

    Use a DEX and buy using USDC rather than fiat once your initial capital is in crypto.

    What chains are you looking at?

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