Can I buy Bitcoin with Auswide Bank Australia?
Just like most Australian banks, Auswide Bank doesn't offer cryptocurrency trading directly. However there are many crypto trading platforms that you can use to buy bitcoin and other cryptocurrencies. Once signed up to an exchange (we'll be using Coinspot for our example as it's a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
How to buy Crypto with a Auswide Bank account.
To buy Bitcoin with your Auswide Bank account, you will need an online exchange platform that offers bank deposits. As mentioned above we will use CoinSpot as for the example. The Australia-based platform provides a safe and easy way to purchase crypto assets like BTC and ETH. The following is a step-by-step guide on how to sign up with the platform:
1. The first step will be to sign up to Coinspot by selecting "Register" in the top right corner.
2. You will have to go through a quick verification process (also known as KYC). This should only take a few minutes.
3. Deposit AUD from your Auswide Bank account by selecting "Deposit Funds".
4. Click the "Buy/Sell" Tab to purchase crypto asset available through the platform.
Auswide Bank Crypto Policy
Auswide Bank customers can trade digital assets. Auswide Bank does not endorse or verify the quality, security, or legality of these platforms, but has reviewed their eligibility requirements and found them acceptable for customers who wish to trade digital assets.
Current Price of Bitcoin in AUD
Current Price of Ethereum in AUD
