How to buy Bitcoin with a IMB Bank account Australia

Summary:

At present, you cannot directly buy Crypto using your IMB Bank account. You'll need to sign up for an exchange such as Coinspot in Australia, and use AUD to buy Bitcoin or other Crypto.

Michael Scott
By:
Michael Scott
on
May 30, 2022
Image of IMB Bank Australia homepage
Image of IMB Bank Australia homepage

Can I buy Bitcoin with IMB Bank Australia?

IMB Bank does not currently allow the purchase or sale of cryptocurrency, but if you have an IMB Bank account, you can still deposit money into a digital currency trading platform. We recommend using a platform CoinSpot, which is a cryptocurrency trading platform that accepts AUD deposits and is regulated by the Australian Securities and Investments Commission (ASIC).

How to buy Crypto with a IMB Bank account.

To buy Bitcoin with your IMB Bank account, you'll need to find an online exchange that offers bank deposits. CoinSpot is a good option; the Australia-based platform provides a safe and easy way for users 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. Sign up to Coinspot by selecting "Register" in the top right corner.

2. Complete the easy personal verification process.

3. Deposit AUD from your IMB Bank account by selecting "Deposit Funds".

4. Click the "Buy/Sell" Tab to purchase crypto asset available through the platform.

IMB Bank Crypto Policy

IMB Bank customers can trade digital assets on platforms that offer a secure, compliant way to buy and sell these assets. IMB 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

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