Can I buy crypto on the Hay platform?
No, Hay is a traditional banking institution and does not offer any investing features or products through its banking platform. Not to worry, you can still purchase cryptocurrencies with the funds in your Hay bank account by going through a secure cryptocurrency exchange.
We suggest going through the CoinSpot exchange, it is Australia's largest trading and investing platform and has over 2.5 million Aussie users. CoinSpot offers trading on over 370 cryptocurrencies and staking on over 30 tokens, plus you can purchase bundles (crypto ETFs).
How to buy Crypto with Hay Bank
If you want to buy cryptocurrencies like Ethereum and Bitcoin with Hay in Australia, we recommend using the CoinSpot platform. CoinSpot accepts multiple AUD deposit methods from Hay Bank account holders including Bank Transfer, Credit/Debit Card, POLi, PayID, Osko, BPAY and Cash. Follow the below guide to get started.
- Open an account with CoinSpot and complete the verification process.
- Click 'Deposit Funds', select one of the methods and send AUD from Hay.
- Go to the 'Buy/Sell' tab, search for the token you want and click 'Buy'.
- Input the amount of AUD you wish to invest and select 'Buy'.
What is Hay Australia
Hay Bank Australia is a digital banking platform that offers users a unique and convenient way to manage their finances. With Hay, you can easily transfer money between your accounts, pay bills online, view account balances and transaction history, set up direct debits and standing orders, and much more.
Hay is committed to providing a safe and secure online banking experience for all of its customers. All users personal and financial information is protected by 128-bit SSL encryption, which is the same level of security used by major financial institutions.
Is it safe to invest in cryptocurrencies?
Generally speaking yes, crypto has the same risks that are involved with investing in stocks or currencies. Although, cryptocurrency prices tend to be more volatile. If you're talking about exchange security, CoinSpot is the most secure cryptocurrency investing platform in Australia, it reports to AUSTRAC and is licensed by ASIC.