How are AUD values calculated?
Lookup Ether/Bitcoin Pricing
The app looks up the historical Ether/Bitcoin pricing on the large global exchanges (Binance, Bitfinex, etc.) which typically has accuracy to within a few seconds of the trade time.
Lookup ETH/BTC FIAT Price
Using Global (USD) or Local (AUD) exchanges, depending which option is selected and available, the historical price is sought.
Final Price Saved
The Ether/Bitcoin price is multiplied by the FIAT price. If only a USD price is found, the app uses daily XE forex rates to produce the AUD value.
How are fees calculated?
Determine Fee Value
Using the same methodology to calculate price, we calculate the fee value in AUD.
If one of the two assets in a trade is AUD, the fee assigned as a whole value to the trade. If AUD is not traded, the fee is split 50/50 to the acquisition of a new asset and disposal of an asset.