Thanks for all the answers. On that note, what is the cheapest and fastest way to get fiat into a broker so I can buy and sell crypto soon after transfer?
For example, depositing fiat to Kucoin costs 3%
. And if I transfer to Independent Reserve it takes 24 hours but is free.
Is there an exchange that'll let me transfer money instantly and cheaply?
I'm in Australia.
Use P2P platforms. Kucoin and Binance have P2P platforms that support the Australian Dollar, and you will choose from a wide variety of payment options. Since it involves fiat, it means you must have already passed KYC on Kucoin though there are better offers (friendly rates) and a lot of liquidity on Binance.
3% is too huge.