How to Buy Crypto with Virgin Money
As discussed earlier, the recommended cryptocurrency exchange for Virgin Money customers is eToro. This multi-asset platform presents over 3000 assets across six sectors - Crypto, Stocks, Commodities, Indices, Fiat Currencies, and ETFs. Virgin Money clients can acquire any of these assets through its accepted payment methods such as POLi, Bank Transfer, Credit/Debit Card, or PayPal.
Invest in cryptocurrencies via Virgin Money by following this simple guide:
- Create a complimentary account on eToro and complete the verification steps.
- Select the 'Deposit Funds' button on the lower left of your screen.
- Opt for 'AUD', choose a payment method, and transfer funds from Virgin Money.
- After the deposit is confirmed, buy your preferred crypto using the search bar.
Buying Cryptocurrency Fees
The cost of investing in cryptocurrencies can be high, contingent on the exchange you opt for. eToro offers a clear-cut fee structure with a standard 1% spread applied each time you purchase or sell a token. Deposit fees are subject to the method used, and forex fees are applicable. The only other cost is a flat $5 fee for every withdrawal to your Virgin Money bank account.
Does Virgin Money allow Crypto Purchases?
Virgin Money does not impose any limitations that prevent its customers from buying or selling digital assets. They uphold a progressive viewpoint on the cryptocurrency sphere, permitting their clients to safely deposit funds into exchanges accredited by ASIC. The bank is pioneering intriguing initiatives at the intersection of traditional banking and cryptocurrencies, accelerating the integration of digital assets with conventional finance.
About Virgin Money
Founded in 2003 and rebranded as Virgin Money Australia in 2005, the financial services company offers a diverse range of personal financial products and services across Australia. Virgin Money provides a suite of competitively priced offerings, including credit cards, home loans, superannuation, insurance, and savings accounts, committed to simplifying financial products and delivering a rewarding customer experience.
It’s known for its straightforward approach and customer-centric services, bolstered by the reputable Virgin brand's global standing. As part of the Bank of Queensland group since 2013, Virgin Money Australia leverages synergies within the group to innovate, continuously evolving its product portfolio to meet ever-changing customer needs in the complex financial landscape.
In conclusion, after evaluating Australia's top cryptocurrency exchanges, we have determined that eToro is the top choice for Virgin Money customers. It ensures outstanding security and affords Virgin Money clients with quick AUD deposits to trade thousands of assets in a safe and regulated environment. The user-friendly interface can be tailored for all types of investors, including beginners and advanced traders.