Can you buy Crypto on Police Bank?
Police Bank does not currently offer any services for buying and selling digital assets. However, you can link your Police Bank account to an Australian cryptocurrency exchange such as Coinspot, which allows fast free deposits for Police account holders to trade over 350 different cryptocurrencies.
How to Buy Crypto with a Police Bank Account?
If you want to buy cryptocurrencies with Australian Dollars and are a Police Bank customer, CoinSpot is the best place for you. They offer free deposits and withdrawals for Police Bank customers and competitive trading fees.
To get started follow these steps to get started.
Step 1 - Sign up on Coinspot Australia
Step 2 - Complete the verification process. This should take a few minutes to complete.
Step 3 - To fund your account go to the 'Deposit AUD' screen and connect your Police 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.
How long does it take to deposit AUD into CoinSpot?
When using BPAY, POLi and Direct Deposit, your deposit will be processed instantly and available in your account straight away. If using a credit card to buy Bitcoin or any other cryptocurrency, it will typically take around 30 minutes to appear in your CoinSpot account.
Police Bank Crypto Policy
Customers of Police Bank can trade digital assets using a variety of platforms. Police 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.
