How to Buy Crypto with Beyond Bank
As stated above, Beyond Bank does not directly offer Cryptocurrencies but permits its clients to invest in digital assets through regulated Cryptocurrency exchanges. The best option in Australia is the eToro platform, as it provides free and instant AUD deposits via multiple payment methods such as Bank Transfer, Credit Card, Debit Card, PayPal and POLi.
Beyond Bank customers can start their Crypt-investing journey with this short guide:
- Open a free account on eToro and complete the verification process.
- Click the 'Deposit Funds' button on the bottom left of your screen.
- Tap 'AUD', pick a payment method and send funds from Beyond Bank.
- Complete your deposit and buy your desired Crypto in the search bar.
Buying Cryptocurrency Fees
Crypto investment fees differ across exchanges, and eToro provides one of the most affordable fee structures in Australia. There are no fees for depositing AUD, and a minimal $5 charge applies when transferring funds to a bank account. The only cost to consider is the 1% transaction fee incurred when purchasing or selling Cryptocurrencies.
Does Beyond Bank allow Crypto Purchases?
Yes, Beyond Bank allows its clients to buy and sell Cryptocurrency through AUSTRAC-registered digital asset exchanges. The bank has no policies prohibiting its customers from sending and receiving funds from regulated and licensed trading platforms.
About Beyond Bank
Beyond Bank is a well-established, customer-owned financial institution in Australia that prides itself on providing exceptional banking services and products. With over 200,000 satisfied customers, Beyond Bank focuses on creating long-lasting, mutually beneficial relationships to foster positive change within communities.
As a customer-owned bank, it operates with the primary objective of serving its customers' best interests. This structure allows profits to be reinvested into the organisation, benefiting members through competitive rates, low fees, and enhanced services. Beyond Bank offers a wide range of financial products and services, including accounts, loans, cards, insurance, and more.
To conclude, Beyond Bank does not offer any direct Crypto-investing services. Therefore, its customers who wish to buy or sell Cryptocurrency must use an ASIC-licensed digital asset exchange. After a thorough analysis, our team determined that eToro is the best and safest option for Beyond Bank clients. eToro is fully regulated by ASIC and has a flawless security record.