Sorry I didn't specify properly there, it takes a HUGE cut from the rates itself if you compare to standard market price. I believe Coinspot has some kind of automated computer system that buys from another exchange for you and has built up their own little pile of coins from the difference between exchanges.

That or they made a easier string of coding to buy directly off the exchanges and calculated in the speed of how volatile the market is, then added that extra % to ensure they earn from all transactions.

Thanks, I edited that part in.

This is part of my belief in Steemit and decentralisation itself, one person alone cannot ever reach perfection.

But with everyone's input and knowledge, the possibilities are limitless, as a huge online community then branching off into sub-communities in real life.

I hope my vision isn't too far fetched.