As many as one in four Australians own some form of cryptocurrency, with the vast majority of whom have entered the space in the last two years. 9News
may find themselves paying larger than expected surcharges as new data estimates more than $50 million has been spent on fees alone.
Head of consumer research at Finder Graham Cooke said despite the headlines figures most people who buy cryptocurrency are aware of the fees and will shop around for the lowest rate. According to investment platform eToro, 30 per cent of Australians invested with them believe the primary reason they invest in cryptocurrency is because it is a speculative asset they believe can make strong returns in a short period of time.
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