That is because Australia does not have an Australian Exchange...

  1. 6,669 Posts.
    That is because Australia does not have an Australian Exchange yet (they only have brokers).
    Coinspot is a Broker

    Currently, Coinspot and other Brokers are making small profit on the variances in princes between them (Brokers) and Exchanges such a Bittrex (I simply move my wallet, like a HIN transfer, from Coinspot to Bittrex and then buy coins way cheaper on Bittrex).
 
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