BankMate

Learn · Crypto · 7 modules

Crypto exchanges, from the fee to the price you’re offered.

7 short modules, 3 to 4 minutes each

Basics

If you’ve never bought crypto
  1. What buying crypto costsThe fee an exchange takes from each purchase, in dollars, and how it adds up over a year.3 minutes · 2 pages and a questionStart
  2. Tapping Buy or using the trading screenThe two ways to buy on an exchange, and why the same purchase can cost more one way.4 minutes · 3 pages and a questionStart
  3. How you pay changes the costBank transfer, PayID, card and PayPal, and the fee each can add before you buy.3 minutes · 2 pages and a questionStart
  4. Who checks a crypto exchangeWhat registering with AUSTRAC means, and why crypto isn’t protected like money in a bank.3 minutes · 2 pages and a questionStart

Going further

Once you know the two ways to buy
  1. Setting your own priceBuying at the price on offer now, or naming a price and waiting for a seller.3 minutes · 2 pages and a questionStart
  2. Fees an exchange doesn’t publishWhy some costs of tapping Buy are BankMate’s estimates, marked with a ~.3 minutes · 2 pages and a questionStart
  3. Reading a real exchangeThree real exchanges, each showing one thing the modules before taught.3 minutes · 3 pagesStart
LearnStart · 3 minutesWhat buying crypto costs