Can I buy Bitcoin with MyState Bank Australia?
At this time, MyState Bank does not allow its customers to purchase or sell cryptocurrency. However, you can still use your MyState Bank account to deposit funds into a digital currency trading platform such as CoinSpot. We recommend using CoinSpot because it is a reputable cryptocurrency trading platform that accepts AUD deposits and is regulated by ASIC.
How to buy Crypto with a MyState Bank account.
To get started buying Bitcoin or any other crypto asset, you'll need to register for 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. Create an account on Coinspot by selecting "Register" in the top right corner.
2. Complete the easy personal verification process.
3. Deposit AUD from your MyState Bank account by selecting "Deposit Funds".
4. Click the "Buy/Sell" Tab to purchase crypto asset available through the platform.
MyState Bank Crypto Policy
Customers at MyState Bank can trade digital assets on platforms that meet certain security and verification requirements. MyState Bank has reviewed these platforms and found them acceptable for customers who wish to trade digital assets. However, MyState Bank does not endorse or verify the quality, security, or legality of these platforms.
