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10/06/21 10:53
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Posts
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By Captainsaudi · Posted
Yeah, it is safer to use an exchange that is regulatory compliance with your region to avoid this Binance saga. Even though many analysts see CZ decision to quit Binance as an attempt to save the whole industry. -
By tentacleskilt · Posted
I noticed you mentioned that uranium is showing upward movement in Wave 3, indicating a substantial bullish trend for long-term investment. Can you please tell me, based on the specific factors contributing to this bullish trend, your assessment of its sustainability? What do you think? -
By BashJasper · Posted
Yeah, I also use the exchange but will be making my review known by the end of the year.
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Question
sheepier
I have an Australian account. I deposited USD cash and I can see the amount stays in USD in my cash account.
Then I bought USD shares. During this transaction, 2 currency conversions occurred:
1. convert the share price from USD -> AUD (at 0.7% fee)
2. convert my cash from USD -> AUD to cover the converted AUD price above (again another 0.7% fee).
So as a result, I ended up paying conversion fees twice (1.4%) when none should have occurred since it's in a single currency. There's no transparency when I made the purchase that this was going to happen. Can anyone please explain why this happened, and what should I do to avoid these conversion fees within the same currency (as oxymoron as it sounds)?
Thanks.
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