Start with the order type
A platform can use different rates for different services. CoinSpot lists 1% for Instant Buy, Sell and Swap and 0.1% for Markets orders. Confirm that your asset is available in the service you are comparing.
- A A$1,000 notional trade at 1% illustrates a A$10 trading fee; at 0.1% it illustrates A$1.
- Those examples do not include the quoted price, market movement or a later withdrawal.
Read the price beside the fee
A spread is the gap between buy and sell quotes. Swyftx publishes a spread in addition to its trading fee. Two platforms can show different fees but still deliver similar amounts of crypto for the same budget.
- Compare quotes at roughly the same time for the same asset and AUD amount.
- Record the crypto quantity received, rather than only the advertised fee rate.
Include funding and the exit route
A payment method can introduce its own cost. If you intend to use a wallet elsewhere, the crypto withdrawal fee, supported network and minimum withdrawal matter too. Small repeated withdrawals can change the economics of a small purchase.
- Before buying, check the provider’s deposit and withdrawal screens for the method and network you intend to use.
- Do not assume an AUD withdrawal and a crypto withdrawal have the same fee structure.
Use an illustration, then get a live quote
Our comparison calculator multiplies an entered notional value by published standard trading rates. It helps make percentages tangible, but it does not know the live price, your volume tier or your account’s final quote.
- Use the calculator to understand the fee component, then check the provider’s confirmation screen.
- If swapping involves a sale and a purchase, check whether charges apply to each leg.
Your next steps.
Use this checklist before moving on. These boxes are for this reading session and are not saved.
Sources & fact check
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