For every crypto-to-AUD transaction, there is a 2-3% transaction fee. There is also a limit of $10,000 per transaction, but there is no limit on how many transactions you can make per day.
It's still a scam.
Most things in life are a scam..
Very true, but some are more obvious than others.
Ok well you can keep telling yourself that while everyone else makes legitimate and legal money by sitting on their arses.
So far there is precious little evidence of the average crypto investor getting very much back from their investment.
And I'll tell you why that is. The bear market in crypto lasts a long time. So people are not prepared to spend money on something that at the time yields little to no return. Then when the bull surge takes place, people start buying crazy, however the bull only lasts a short time, maybe a few weeks, whereas the bear can last longer than a year. The smart crypto investors buy when the bull peaks as crypto is cheap then.
Investors\punters have been waiting since 2009. Like the second coming, I don't think it's going to happen.
2022 Russia/Ukraine war - bang. Bear hit hard.
They haven't been waiting since 09 my mate bought 1 bitcoin for 7000 and sold it for 30,000 about 4-6 years ago
Made $300k in less than 12 months so this runs been alright, if I get to around $500k I'll realise the profit and put it straight onto a another commerical warehouse.
Good for you, but will you/can turn it into real cash in a real bank account quickly and easily?
Yeah, you can. Withdrawals from CX to bank account in 24 hours.
Cool.
yeah pretty must instantly I'm verified for $100k a day on coinjar, there is others.
Yes, Crypto is worth nothing until it turns into real $$$$.
Says the smarty-pants millennial who will probably go broke.
How do you go broke? It’s same as investing you don’t go all in.