25BONUS
Use the promo code 25BONUS for any withdrawal or bpay of $1,000 or more and receive a bonus $25 towards that bill or bank withdrawal.
Offer valid until the 1st of February and available to new or existing users.
Bonus A$25 When You Withdraw Bitcoin & Other Cryptocurrencies (Min. Transaction A$1000) @ Round the Block
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AssociatedRoundTheBlock on 28/01/2021 - 16:57 roundtheblock.com.au (115 clicks)
Last edited 28/01/2021 - 16:58 by 1 other user
Last edited 28/01/2021 - 16:58 by 1 other user
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Hi there,
Yes KYC for any type of transaction
I just had a quick look (so please do your own due diligence)
btcmarkets shows 1BTC = $41,600
In roundtheblock, a 1BTC withdraw would give me $40,566.55Appears to be a $1,000+ (2.5%) difference between market rate at BTC Markets and withdrawal rate at roundtheblock.
… There does appear to be some fees, or unfavourable exchange rate happeningHi Bluboy,
There's a small spread which covers the blockchain fees. Our rate is the final rate, many crypto exchanges will have additional fees at the back end. I'm not familiar with BTC Markets but it looks like there's a 0.85% fee.
1 BTC BTCMarkets = $41,330.23
1 BTC at RTB = $41,034.05.0.02437234 will earn $1,025 from RTB
the same spend at BTC markets earns $1,007.31I'm not familiar with BTC Markets
You run a crypto exchange in Australia and arent familiar with BTC Markets?
:/Hi SBOB, when I say not familiar, I'm referring to using their platform and understanding their model. Of course I can see their platform, I've heard of their platform but it's not a platform used by myself or anyone currently involved with RTB (as far as I'm aware).
Thanks for the response.
I did try to word the comparison to show differences in the comparison ('market rate' vs 'withdrawal').
It was a little unfair to you, as your price is inclusive of everything (which is great) vs theirs which excluded a lot of fees and charges.In summary, I think RTB offer the simplest method to withdraw from crypto to an Australian bank.
There may be a small loss on the exchange rate, but this would vary on the movement of both exchanges and timing.Very different products, users should choose the one that suits their requirements.
thanks bluboy, greatly appreciated. RTB really is designed to make it easy. The big advantage is users can confirm the AUD amount before the transaction is paid for. Most exchanges require you to send your crypto into their wallet, wait for that transaction, sell your crypto then withdraw it to a bank account. If it's to pay a bill, quite a few won't allow that so you need to wait for it to arrive in your bank account then pay your own bill, as such, our service is designed to simplify things and we carry the risk on the rates changing.
And agreed, users should choose the one that suits them the most. For frequent traders our platform makes no sense as we don't offer trades. For users who want a quick, simple way to cash out, our service is one of the easiest to use.
Binance now let’s you deposit/buy/withdraw AUD/BTC and a lot of other shitcoins. Just putting it out there
if only there was some non KYC options ;)
Why are you using a completely public, immutable ledger if you want to do dodgy shit?
Upvoted this haha. Any dodgy shit is pretty recorded and stay visible forever, non-moving target
KYC for gift cards?