Trading Fees according to Payment method
At FIFO Bitcoin we keep Trading Fees low. Our payment partners offer a range of payment methods, each with varying trading fee structures.
For Bitcoin & Ethereum purchases, you are charged a 5.9% commission on your purchase amount.
For BPAY, Newsagent (blueshyft), Australia Post and credit card payment methods an additional gateway surcharge to the purchase amount after the commission is added.
|BPAY||5.9%||$3 Gateway Fee|
|Newsagent (in store cash)||3.9%||2%|
|Australia Post (in store cash or EFTPOS)||3.9%||2%|
( GST is applied to the commission and surcharge amount.)
Unlike other exchanges who have user accounts and will charge you deposit, withdrawal and transaction fees, FIFO Bitcoin’s payment partners do not charge any transaction fees.
Therefore, this benefits you because we don’t have the cost of holding any cryptocurrency funds for our customers within user accounts.
This simple approach allows you to provide your own Bitcoin or Ethereum wallet address when buying from us. Additionally this means you are always in control of your Bitcoin. Remember, IF ITS NOT YOUR BITCOIN WALLET, ITS NOT YOUR BITCOIN.
To read more about Bitcoin wallet security and why it is best to manage your own Bitcoin and NOT LEAVE THEM ON AN EXCHANGE, check out our Bitcoin Essentials page.
Please Note: fees shown above are for fees charged by our payment partners. Some payment providers including banks may also have their own charges such as transfer fees.