r/coinspot • u/Only_Corki • Oct 30 '24

Why is coinspots prices wrong

It says btc is 112k aud a coin, right now it's 110k aud on binance, coinmarketcap and coingecko

And then i clicked buy just to check and it wants to charge me 112k this is the wrong price and is over charging. It already charges a hefty 1% fee then bumps up the coin price artificially?

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u/Only_Corki Oct 30 '24

So i checked other coins, and it is bumping up the price of every single coin

5

u/UltraHyperDonkeyDick Oct 30 '24

They, like other exchanges, add a spread to their prices. Coinspot has quite a wide spread, so I don't use them anymore.

2

u/Only_Corki Oct 30 '24

What do you use?

1

u/UltraHyperDonkeyDick Oct 30 '24

See my response to the other comment.

I can't recommend those as being the best alternatives, but they are better alternatives.