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Cryptocurrency mega thread
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<blockquote data-quote="minkawilson" data-source="post: 382918" data-attributes="member: 2173"><p>Yep I noticed this the other day that their buy price is a lot higher than the average going rate as does coinbase.</p><p></p><p><u>Today</u> <em>coinspot</em> buy price $16862.51Au ($13472.81USD) for 1 Bitcoin</p><p></p><p>at the time 1 BTC $12,526.10 USD on <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank">https://coinmarketcap.com/currencies/bitcoin/</a></p><p></p><p>Looks like double dipping to me as they inflate the buy price and then charge you the fee for the transaction. I am probably wrong as I am not a finance guru..</p><p></p><p>So when selling, I try to factor in the buy price and the fees from it to try and make a profit. Unsuccessfully so far, as I am still down.</p></blockquote><p></p>
[QUOTE="minkawilson, post: 382918, member: 2173"] Yep I noticed this the other day that their buy price is a lot higher than the average going rate as does coinbase. [u]Today[/u] [i]coinspot[/i] buy price $16862.51Au ($13472.81USD) for 1 Bitcoin at the time 1 BTC $12,526.10 USD on [url]https://coinmarketcap.com/currencies/bitcoin/[/url] Looks like double dipping to me as they inflate the buy price and then charge you the fee for the transaction. I am probably wrong as I am not a finance guru.. So when selling, I try to factor in the buy price and the fees from it to try and make a profit. Unsuccessfully so far, as I am still down. [/QUOTE]
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