Can I buy Bitcoin or Crypto with a Rural Bank Australia Account?
Rural Bank Australia customers cannot purchase Bitcoin through their banking platform at this time. This is because cryptocurrencies are regulated differently than traditional finance, and most banks do not yet have the appropriate licenses to sell cryptocurrencies.
There are many safe alternatives to using traditional banking to purchase cryptocurrencies, including centralised cryptocurrency exchanges. The most trusted exchange in Australia is CoinSpot.
How and Where to buy Bitcoin with Rural Bank Australia account.
Again, if you want to buy Bitcoin, Ethereum and other cryptocurrencies, your best bet is to use CoinSpot. It's a secure Australian exchange with more than 350 coins listed. From the wide array of exchanges you can use, they are the best overall in terms of usability and safety for Aussie investors.
The following is a step by step guide on how to get started.
Step 1 - Sign up on Coinspot Australia platform and complete the verification with your personal or company information.
Step 2 - Once you have created your account, you can now fund it by going to the 'Deposit AUD' screen and connect your Rural Bank account.
Step 3 - Deposit the amount of AUD you want to invest into your account
Step 4 - Click the "BUY/SELL" button tab in the menu, then select the cryptocurrency you want to buy.
Why is CoinSpot safe and secure?
CoinSpot is the most secure cryptocurrency investing platform in Australia. The ISO 27001 standard security certification demonstrates that CoinSpot's information security management systems are highly secure, eliminating unauthorised access, modification or use for malicious intent.
Rural Bank Australia Crypto Policy
Rural Bank has not publicly announced its stance on cryptocurrencies, but has no policy against customers using them. Users can feel safe when trading cryptocurrencies as there have been no reports of Rural Bank accounts being frozen for transferring funds to a safe, regulated cryptocurrency exchange like CoinSpot.
Current Price of Bitcoin in AUD
