Have used BTCMarkets and Independent Reserve and it is a tradeoff between volume and fees. Independent reserve has much better fees (.5) as opposed to the (.85%) on BTCMarkets but there is a lower trade volume so you end up paying more for BTC in the end.
It seems regardless of the exchange we aussies are still paying almost $100 per bitcoin more than what the US-AUD exchange rate at the time suggests. Personally i think BTCMarkets current fees are too high and have noticed bots manipulating the prices on occasion.
Am interested in finding out if anyone has a workable solution to using usd on exchanges and how one would go about such a thing as im sure as with most everything else we are paying far above what we should. At the moment it seems buying BTC locally using fiat then transferring the BTC to foreign exchanges is the only way.
Agreed. Exactly what I have been doing. I notice the bots too especially once I put an order in.
Yeah lol they are pretty quick to undercut ur bid price by a cent when u put a bid in. There seems to be a few bots that are putting in buy / sell orders of small amounts and usually one big order with the same amount appearing as both a bid and an ask but at different prices. This one is usually appearing in bold formatting as opposed to normal as well. I have no idea what is going on there.
I think the bold ones are whales notice there is usually a sell order for around the same amount kinda creating a buy wall and a sell wall, easy to do if you have the cash...I avoid this by predicting well in advance and placing an order for an up coming dip but quite a few times I have missed out on good buys by just a few cents..oh well good to know I'm close