Similar to most Australian banks, ubank regrettably does not provide cryptocurrency investing features on its platform. ubank is yet to officially announce its stance on cryptocurrencies but do not prohibit its users from investing in digital assets.
ubank has nothing stated in its policies that would prohibit users from sending funds to cryptocurrency exchanges. There have been no reports of funds being frozen when transferring to cryptocurrency investing platforms like CoinSpot.
Below we show investors how to buy Bitcoin with a ubank account via Direct Deposit/Osko, but you can also deposit via PayID, POLi, BPAY and cash deposit. Follow the steps to get started
Ubank is a digital banking app that offers a simple and convenient way to manage your finances. The app provides a range of features including budgeting, money management, payments and transfers. Ubank also offers a range of other services such as merchant services, loyalty programs and cashback offers. The app is available for both iPhone and Android devices. It is free to download from the App Store or Google Play.
Generally when you buy cryptocurrencies on any exchange you will need to pay two fees, the deposit fee and the trading fee. On CoinSpot the fees vary depending on what deposit method and trading tool you use. Refer to the below list for a breakdown of CoinSpots fees.
Deposits
Trading (Buy/Sell) Crypto
If you would like to learn more about the CoinSpot exchange and its fee schedule you can visit our CoinSpot Review.
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