Best way to buy in Australia

[blakeren]

So I'm from Australia and have been using Coinspot to make my purchases. Love just being able to deposit/withdraw straight from my bank account. However the only real issue that I have with them are that their "fees" seem really high. Although they state that they don't actually charge any fees because they're calculated into the coins price. For example, atm to buy 1 Bitcoin it would cost $3656 AUD ($2786 USD), and to sell that 1 Bitcoin would give you just $3461 AUD ($2637 USD). That's a 5.35% loss straight away and it seems way to high. 

I wanted to know what the best and easiest way to buy coins in Australia is and the best marketplace to use (low fees, easy to use, easily deposit/withdraw/transfer). Any help would be great!  

[BDXRP]

 

[BDXRP]

I buy my bitcoin through BTCMarkets and then send to bitstamp, but BTC markets will have XRP listed soon as per there twitter post. Which is good in my opinion as I guess they see XRP as a coin that's going to be around for a while.

[blakeren]

1 hour ago, BDXRP said:

I buy my bitcoin through BTCMarkets and then send to bitstamp, but BTC markets will have XRP listed soon as per there twitter post. Which is good in my opinion as I guess they see XRP as a coin that's going to be around for a while.

Whats the verification process like for these 2 sites? But thanks Ill have a look at BTCMarkets 

 

[BDXRP]

@blakeren Bit of a ball ache to be honest but once its done your all good. BTC market use Poli payments as well which saves you heaps in fees.

Edited June 19, 2017 by BDXRP

[Trippy]

2 hours ago, blakeren said:

So I'm from Australia and have been using Coinspot to make my purchases. Love just being able to deposit/withdraw straight from my bank account. However the only real issue that I have with them are that their "fees" seem really high. Although they state that they don't actually charge any fees because they're calculated into the coins price. For example, atm to buy 1 Bitcoin it would cost $3656 AUD ($2786 USD), and to sell that 1 Bitcoin would give you just $3461 AUD ($2637 USD). That's a 5.35% loss straight away and it seems way to high. 

I wanted to know what the best and easiest way to buy coins in Australia is and the best marketplace to use (low fees, easy to use, easily deposit/withdraw/transfer). Any help would be great!  

Can you actually trade the coins on Coinspot, or do you just exchange fiat for BTC? I normally use CoinTree to purchase my BTCs then swap them to btcmarkets, Gatehub or somewhere else to trade them. I don't want to use the stupid POLi Payments setup on btcmarkets - they should have more options than that, no way I'll ever enter my bank login details through a third party. It's good, though, that you'll be able to trade for XRP on btcmarkets soon.

[blakeren]

8 hours ago, Trippy said:

Can you actually trade the coins on Coinspot, or do you just exchange fiat for BTC? I normally use CoinTree to purchase my BTCs then swap them to btcmarkets, Gatehub or somewhere else to trade them. I don't want to use the stupid POLi Payments setup on btcmarkets - they should have more options than that, no way I'll ever enter my bank login details through a third party. It's good, though, that you'll be able to trade for XRP on btcmarkets soon.

I have no issue with poli payments, its run through aus post so it should be pretty safe. Nah you can buy and sell, theres 20 odd alt coins on there. I was looking for somewhere that had a big range of alt coins that you exchanged with buy/sell orders

[Trippy]

12 hours ago, blakeren said:

I have no issue with poli payments, its run through aus post so it should be pretty safe. Nah you can buy and sell, theres 20 odd alt coins on there. I was looking for somewhere that had a big range of alt coins that you exchanged with buy/sell orders

bittrex. That is massive and has a really easy to use interface.

[blakeren]

On 20/06/2017 at 10:39 AM, Trippy said:

bittrex. That is massive and has a really easy to use interface.

Yeah Ive been transferring bitcoin from coinspit to bittrex and trading there