How to Buy Crypto with Newcastle Permanent
For Newcastle Permanent customers keen on venturing into the dynamic world of Bitcoin and other digital currencies, the initial step is to register with an AUSTRAC-approved exchange. These platforms ensure a secure trading setting and facilitate direct AUD transactions from your Newcastle Permanent account, in addition to accepting payments via debit and credit cards.
Here's an easy-to-follow guide for getting started with eToro, known for its wide range of AUD deposit methods, such as bank transfers, credit/debit cards, PayPal, Skrill, and Neteller:
- Create a free eToro account and complete the identity verification procedures.
- Move to the 'Deposit Funds' section, generally situated at the lower left-hand corner of the dashboard.
- Select 'AUD' as your chosen currency, pick a payment method, and initiate the fund transfer from your Newcastle Permanent account.
- Once your deposit is verified, use the search tool to locate and invest in your selected cryptocurrency.
Fees to Buy Crypto
The costs involved in cryptocurrency investments can vary depending on the selected exchange. eToro provides a clear fee structure, with a 1% spread imposed each time a digital token is bought or sold. Deposit charges depend on the payment method used, and forex fees may also be applicable. A flat $5 fee is applicable to every withdrawal made to your Newcastle Permanent account.
Does Newcastle Permanent allow Crypto Purchases?
Newcastle Permanent imposes no limitations that discourage its clients from buying or selling digital currencies. The bank maintains a progressive approach towards cryptocurrencies, allowing customers to securely deposit funds into exchanges accredited by ASIC or AUSTRAC. They lead the way in exciting advancements that combine conventional banking with the digital currency industry, thus facilitating the integration of cryptocurrencies into mainstream finance.
About Newcastle Permanent
Newcastle Permanent is a leading Australian financial institution, established in 1903, renowned for its dedicated service to the community. Today, it manages over $10 billion in assets, serving numerous sectors, with a special focus on the local communities. The bank is recognised for its dedication to ethical banking, consistently exhibiting social responsibility and sustainability practices.
The bank provides various services, including savings and checking accounts, home and personal loans, credit cards, insurance, and wealth management services. With competitive rates, digital banking solutions, and a focus on communal growth, it sets itself apart in the banking landscape. Its goal is to promote financial health and literacy within its community.
To wrap up, after an extensive analysis of Australia's leading cryptocurrency exchanges, we recommend eToro as the best choice for Newcastle Permanent users. It ensures robust security and enables swift AUD deposits to trade a broad range of assets in a secure and regulated environment. Its user-friendly interface is suitable for all investors, providing an ideal platform for cryptocurrency investments.