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The original was posted on /r/monero by /u/OverEducation6572 on 2024-10-24 02:25:11+00:00.


This is the cheapest way to buy Monero in Australia that I have found. Use OSKO or PayID to do a bank transfer to CoinSpot ($0 fees). In Coinspot go to Markets, then place a buy order order for USDT/AUD (0.1% fees). Transfer the UDST to MEXC via Polygon network or AVAX network ($0.11 withdrawl fees). Use USDT to buy XMR at MEXC (0.02% fees). Withdraw the Monero out to your self-hosted wallet ($0.015 withdrawl fees). Now the only thing this doesn’t account for is the price difference between exchanges (in my testing it was only like 10 cents higher). The total theoretical fees are given by the following table:

Deposit Amount (USD) Fee (USD) Fee (PCT) Value After Conversion (USD)
10 0.14 1.4% 9.86
25 0.15 0.6% 24.85
50 0.18 0.4% 49.82
100 0.24 0.2% 99.76
200 0.36 0.2% 199.64
300 0.48 0.2% 299.52
400 0.60 0.2% 399.40
500 0.72 0.1% 499.28
600 0.84 0.1% 599.16
700 0.96 0.1% 699.04
800 1.08 0.1% 798.92
900 1.20 0.1% 898.80
1000 1.32 0.1% 998.68