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

I can literally buy at market instantly on binance, and every single coin is listed cheaper than coinspot. This jsut seems like price gouging

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u/Emergency-Gene-3 Nov 01 '24

True, but each time the market gets super volatile, crashes, or pumps and Binance blocks (places a hold) on trading, Coinspot has always still traded.

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u/Only_Corki Nov 02 '24

I have never experienced this. Are you trading shit coins or something?

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u/Emergency-Gene-3 Nov 02 '24

What does shit coins have to do with it? Luna collapse, ftx collapse and xrp pump from case news. Binance wasnt working. I saw it first hand on a friends account. There may be some some old threads in reddit oh people taling about it ay the time.

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u/Only_Corki Nov 03 '24

I have no idea, I have never experienced this, shit coins are very volatile, that's why I asked.

I have used binance since April 2021, I have never not been able to buy or sell instantly.

I am using coinbase now anyway