How to buy guides

How to buy Crypto with a AMP Bank Account Australia (2022)

Summary:

At this stage AMP Bank Australia has no product to assist you in purchasing cryptocurrency through their bank branches. To start investing in cryptocurrency with an AMP account, you can instantly deposit your money to a trusted exchange like Coinspot.

Michael Scott
By:
Michael Scott
on
Apr 6, 2022
A image of the AMP Bank Australia homepage
A image of the AMP Bank Australia homepage

Table of Contents

  1. Can I buy Crypto with a AMP Bank account?
  2. How to buy Crypto with AMP Bank Account?
  3. AMP Bank current stance on Crypto Currency
  4. How long does it take to deposit AUD into CoinSpot?
  5. Other Australian Bank, Crypto Buying Guides

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Can you buy Crypto on AMP Bank?

AMP Bank does not yet offer any native services for clients to buy and sell digital assets. They have no plans in the future to enable cryptocurrency exchange services on their platform.

That said, you can link your AMP Bank account to an Australian cryptocurrency trusted and safe exchange to deposit Australian Dollars (AUD) and purchase digital assets like Coinspot.

CoinSpot offers fast, free deposits for AMP account holders to trade over 350 different cryptocurrencies.

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How to Buy Crypto with a AMP Bank Account?

If you want to exchange your Australian Dollars for cryptocurrencies and are a AMP Bank customer, CoinSpot is the top exchange for you. They offer free deposits and withdrawals to their AMP Bank customers and competitive trading fees."

Follow these following steps to get started.

  1. Sign up on the Coinspot Australia
  2. Finalise the verification process
  3. Go to the 'Deposit AUD' screen and connect your AMP account
  4. Deposit the amount of money you want to invest
  5. To buy cryptocurrency, click the 'Buy' tab in the menu, then select the cryptocurrency you want to buy.

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AMP Bank Cryptocurrency Policy

AMP Bank, a leading Australian digital bank, has signaled its openness towards cryptocurrencies. In a recent announcement, the bank said its customers now have the flexibility to deposit and withdraw from cryptocurrency exchanges worldwide. The move comes as a major shift in AMP Bank's stance on digital currency.

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How long does it take to deposit AUD into CoinSpot?

Using BPay, POLi and Direct Deposit, your deposit is processed instantly and will be available in your account straight away.

If using a Credit Card to buy Bitcoin or any other cryptocurrency, typically this will take around 30 minutes to appear in your CoinSpot account.

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Other Bank, Crypto Buying Guides:

If you have multiple accounts and are looking to find out how to transfer your money the same process will apply. Check these other guides out for more details.

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