Can I buy Bitcoin or Crypto with an Arab Bank Australia Account?
Unfortunately, Arab Bank Australia users cannot invest in Bitcoin on their banking platform. This is because cryptocurrency has different regulations and licensing than traditional finance and most banks have not acquired the appropriate licenses to sell cryptocurrencies.
Don't worry — there are many safe alternatives to using traditional banking, such as centralised cryptocurrency exchanges. The safest and most trusted exchange in Australia is CoinSpot.
How and Where to buy Bitcoin with Arab Bank Australia account.
The best way to buy Bitcoin and other cryptocurrencies is by going through CoinSpot. CoinSpot is a secure cryptocurrency exchange in Australia with over 350 cryptocurrencies to trade.
The following is a step-by-step guide to get started.
Step 1 - Sign up on Coinspot Australia platform.
Step 2 - Complete the verification process to get access to the platform
Step 3 - You will now need to fund your account by going to the 'Deposit AUD' screen and connect your Arab Bank account.
Step 4 - Deposit the amount of AUD you want to invest into your account
Step 5 - Click the "BUY/SELL" button tab in the menu, then select the cryptocurrency you want to buy.
Is CoinSpot safe and secure?
CoinSpot is by far the most secure cryptocurrency investing platform in Australia. They're the only exchange to have been awarded the ISO 27001 standard security certification. This audit determined that CoinSpot's information security management systems are highly secure, eliminating unauthorised access, modification or use for malicious intent.
Arab Bank Australia Crypto Policy
Arab Bank has not publicly announced its stance on cryptocurrencies, but does not have any policies that prohibit account holders from trading digital assets. Arab Bank users can feel secure when using cryptocurrency exchanges as there have been no reports of users' funds being frozen when transferring to a safe, regulated cryptocurrency exchange like CoinSpot.
Current Price of Bitcoin in AUD
