how to sell on coinspot

Limits. Once you have created an account on CoinSpot, you can begin buying or selling crypto. BTCMarket is much better for this, or my favourite is liqui.io. CoinSpot prides itself as a leader in the digital currency market and aims to provide superior customer service. To sell old coins, take low and medium-value coins to a reputable coin dealer, where you should be able to easily sell them. CoinSpot is a member of ADCA - the Australian Digital Commerce Association. You can even swap directly between any currency listed on the platform. CoinSpot also offers an instant buying and selling feature. If you place a market order the exchange fee charged by CoinSpot is just 0.10% compared to 1% if you place an instant exchange. Selling coins for the highest price is done by organizing and planning. Get off CoinSpot ASAP is the best advice I can give. Always remember the number 1 golden rule of investing: NEVER invest more than you can afford to lose. . You can even swap directly between any currency listed on the platform. Any new users will need to deposit AUD into your account. In this step-by-step Coinspot video tutorial, you will be guided through the process of setting up your accounts, dashboard navigation, 2-factor authentication, wallets, buying, selling. Once you go to sell your asset there will be a confirmation receipt displayed to confirm the rate of the asset (sell price) and the fees paid to CoinSpot for the transaction. Australia's most popular cryptocurrency exchange. Coinspot Review – As the faith in cryptocurrencies continues to increase daily, more and more people are searching for suitable cryptocurrency exchange platforms to buy, sell and trade digital coins. 2. Coinspot has revolutionized the digital currency market by providing a secure platform which aims to breakdown the technical barriers enabling a greater range of Australians to experience digital currencies.Click the link below to join Coinspot Nowhttps://www.coinspot.com.au?affiliate=QUQP5This video will teach you how to sign up, dashboard navigation and buying and selling cryptocurrency for beginners on Coinspot step-by-step. Follow the steps to accurately understand the value of your coins, match them to the right buyer and receive the best price when selling coins. This feature allows the users of the platform to sell any cryptocurrency available into any other cryptocurrency available. OLD CoinSpot subreddit - please refer to the pinned post and join our new subreddit via r/coinspotau. I made the move last week to binance! Select from the full list of coins, select your quantity in AUD or cryptocurrency and receive your funds instantly in your CoinSpot wallet ready to use … Explore the wide range of coins available. It's up to you to take the necessary steps before buying cryptocurrency to ensure the security of your investments. With these fiat currency payment methods, you do not incur trading fees. You will save soo much money in fees! Cryptocurrency is a lot more volatile and unpredictable than the stock market. Select Buy/Sell . For trading more frequently I like to use Digital Surge. Still moderated by a CoinSpot representative known as rockethelper. Selling through CoinSpot. Yeah, I'm keeping the coins I have on CoinSpot but I am no longer investing there because of the ridiculous prices. Easily select from the full list of coins, select your quantity in AUD or cryptocurrency and receive your funds directly into your CoinSpot wallet ready to use how you choose. Do you get your funds straight away? Once you’ve sold your Bitcoin you can transfer the AUD directly into your bank account. It also lets you pay bills (BPAY) using crypto which is fantastic for me, they also post the latest news for over 200 coins and tokens which is pretty handy for market research (if you’re into that kind of thing - I am).If you do want to have a suss (use my promo code and we both get $10 Bitcoin after you verification)(https://digitalsurge.com.au/?ref=HT5VF)(Code: HT5VF). The instant buy & sell function has a trading fee of 1.00%. That is impossible on coinspot because they take 7 percent if you do that with fees and spread. Time to move. platform enables users to buy, sell, send, spend or store digital currencies, without the need for in-depth technical knowledge. In terms of fees, they also have really low fees (and low spreads), the fees are 0.5% to buy/sell instantly which is really good for an aussie platform, I'd highly recommend it. Coinspot provides the option for users that want to buy and sell cryptocurrency instantly which can be accessed by clicking on the 'Buy/Sell' link at the top of the page. Coinspot works much in the same way as any other cryptocurrency exchange. You can’t capitalise on single figure gains on CoinSpot. Scroll down and select the coin that you want to sell. You need to figure out an amount you are happy and comfortable investing and, more importantly, an amount you can truly afford to invest - then you need to stick with that amount and be patient in the process. You can place this type of order by navigating to the “Buy/Sell” page and selecting the asset you want to place the stop loss on, then clicking the “Order” tab located above the price. Cryptocurrency is cutting-edge technology, it’s the modern day wild west, so it requires some focused time and energy to wrap your head around.Luckily for you, Crypto Currency Enterprises done a lot of the hard work to compile this step-by-step beginner’s guide to ensure you receive the knowledge and understanding you need to be successful in cryptocurrency investments. Press question mark to learn the rest of the keyboard shortcuts. Enter the amount of Bitcoin (or Australian Dollar equivalent) that you would like to sell. Everything you need to buy, sell and manage your cryptocurrency. You can easily buy Bitcoin, Ethereum, XRP and over 280 other digital currencies directly from your CoinSpot account. If you can't find a local coin dealer, try visiting a traveling coin show so you can network with dealers and find someone to buy your coins. Ive never heard of it? Buying cryptocurrency doesn’t need to be complicated. I’ve been on the platform for a week and wondering why I’m not getting anywhere. CoinSpot is a local, Australian cryptocurrency exchange. Our support team are working hard to ensure all tickets are attended to, as this is an equally engaging point of contact with our users we ensure matters on here are heard and also attended to. How to find the specific Buy and Sell limit for each coin. 2. Here are the options for depositing … The fee applies to instant AUD to crypto transactions as well as crypto-to-crypto transactions. The out of a 10% gain, they take almost half. Please like, subscribe, and share if you found this useful! The process to use the instant buy feature is simple. Coin spot needs to step up their game or everyone is going to leave. The platform matches buyers and sellers, and charges trading fees for … CoinSpot provides a clean and simple experience with free instant deposit options, free AUD withdrawals & one clear fee of only 1% for instant trading or 0.1% for market trading. Buying and Selling any currency available on CoinSpot is now made even easier by the clean and simple user interface of the app. You can either sell it instantly at the market rate or choose to place an order. As for the trading fees at CoinSpot, they are based on the coin traded and range from 2% to 3% if you purchased the coin with the Australian dollar. When trading on CoinSpot's instant Buy/Sell feature, the price is displayed and you can lock in your rate and receive your coins instantly. Here is how you’d sell from Coinbase: Sign up to Coinspot here; Verify your account and add your bank details; Generate a bitcoin address on Coinspot to send your Bitcoin to Binance might not be as user friendly for new people, but they allow AUD withdrawals and deposits, and it is definitely worth your time to learn how to properly buy and sell using market orders :) … On your dashboard menu, select “Wallets”. On other exchanges, what may be advertised as lower fees is commonly associated with other costs and fees hidden in the process. Get $10 worth of Free Bitcoin Select a Coin - BTC for example . Buy and Sell Cryptos – Unlike Coinbase, on Coinspot you can sell your crypto. Hey mate, I also use CoinSpot for some altcoins that are not very common, the fees are a little higher than other platform but I'm happy to pay that for the alt coins, especially if I know they're going to be a good long term investment. Everything you need to buy, sell and manage your cryptocurrency. For this, you’ll need to enter your email address and unique password. Click ’Sell’ to confirm your Bitcoin sale and your Bitcoin will process within minutes. They support both buying and selling of cryptocurrency. Thanks for watching! Press J to jump to the feed. After you sold that crypto your AUD will appear in your account fund. Alternatively, you can use the Markets page and trade directly with other CoinSpot … Coinspot prides itself as a leader in the digital currency market and aims to provide superior customer service. Buying and selling on CoinSpot. From there … Once you’re verified, you can get started by either depositing AUD to buy cryptocurrencies, or depositing cryptocurrency to CoinSpot to then sell on their platform. CoinSpot is one of the leading Australian cryptocurrency "gateway" companies i.e. When I started to work out what I’m actually left with after a swap or a sell, the amount of fees it’s cost is unreal. Buying cryptocurrency doesn’t need to be complicated. The LEAST CoinSpot could do is lower the fee from 1% to 0.5% if they insist on keeping the awful price spreads. The fees on CS are too high for trading, but that's not really what it's for. Disclaimer: Everything expressed here is our opinion and not official investment advice - please do your own research before risking your own money! In my experience, selling your coins in a forced sale can cost you 20-30% or more. Don't have an account? help and support plus all the essential steps you need to take to protect yourself. u withdraw it and then transfer it into ur bank account. Buying and Selling any cryptocurrency available on CoinSpot is now made even easier by the clean and simple CoinSpot App user interface. Binance is only 0.2 percent to do that. The instant buy & sell feature has a fee of 1%. You can send crypto to Coinspot and then sell it for $AUD and withdraw that money to your local bank account. 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However, if you are using cryptocurrency to buy and sell, the trading fee is just 1%. Coinspot is a popular exchange that is based in Melbourne which provides a secure way to purchase crypto or other altcoins in Australia with a flat 1% trading fee. I’m new to coinspot and to crypto, so what happens when you sell? This may not be a regulatory body, but it shows a long term commitment to the adoption of blockchain technology. You can easily buy Bitcoin, Ethereum, XRP and over 280 other digital currencies directly from your CoinSpot account. CoinSpot … For example, XRP into TRX in one single transaction. Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new When buying or selling on the BTC, LTC, ETH & DOGE markets the CoinSpot fee is only 0.25%. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Each time you want to buy or sell, you’ll need to log in to your CoinSpot account. For an exchange to be worthwhile, it must offer more than a user-friendly interface. Need more help? Good reputation – CoinSpot is Australia’s most popular crypto exchange. How did you transfer coins from coinspot mate ? I just transferred everything from my wallets on coinsppt direct to binance. Sell through the Market section, the spreads are better and it’s only 0.1% fee per transaction rather than the 1% you get stung buying through the buy/sell section. Binance might not be as user friendly for new people, but they allow AUD withdrawals and deposits, and it is definitely worth your time to learn how to properly buy and sell using market orders :), What is selling? You can find the sell limit in the same position if you click on sell instead of buy. CoinSPot has not set any limits to how much you can buy or sell per day, but there are limits imposed per transaction. To buy or sell any listed coin, just select it and choose how much you want. However, with the increase in the number of crypto exchanges and local competition, there are new exchanges like Coinspot that offer much lower trading fees.. There are over 200+ coins that can be purchased instantly or sold back to AUD. Select the category Stop Loss, then you will be able to enter the specific details of the order you want to place. So if you've got some NEO or whatever in a wallet you need to sell, just use shapeshift.io to convert it to LTC, send it to your coinspot LTC wallet and sell it for AUD. CoinSpot prides itself as a leader in the digital currency market and aims to provide superior customer service. Deposit methods include POLi payments, PayID or direct bank transfer from the quick deposit section. Other than that I'd probably stay away. On binance the fees are so low with Miota for instance I can sell everything at 1.47 for instance and buy back at 1.45 and gain a bunch of miota. Get off CoinSpot ASAP is the best advice I can give. CoinSpot also has a feature which allows you to perform instant buys or sells. Bit late to the party here but wow. Buy and Sell more cryptocurrencies than any other exchange in Australia. Reach out if you got any questions about Digital Surge as a trading platform. Unlike banks, credit unions, or traditional stock exchanges, there are no pre-built fail safes in this technology to protect your funds. a service which CoinSpot is one of the most popular cryptocurrency exchanges in Australia. Learning how to invest in cryptocurrency before putting your money on the line is extremely important. This method often takes a little longer to buy/sell your coins and the price can often change which is why people usually prefer to use the instant buy/sell method. The exact fee is actually listed on the individual buy and sell page of the coin in question. Unlike the 9 to 5 New York stock exchange, cryptocurrency is traded around the world 24/7. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to. The limit will be shown as the Buy max or Sell Max.

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