How to Buy Crypto with St.George Bank
If you're a St.George Bank customer interested in procuring Bitcoin or other cryptocurrencies, you must register with a cryptocurrency exchange with AUSTRAC registration. These platforms facilitate legitimate and secure investments by accepting transfers from St.George Bank accounts and deposits via debit or credit card. As previously stated, eToro is the best exchange in Australia.
Here's an easy-to-follow 4-step tutorial on using eToro, a platform renowned for its swift, affordable AUD deposits from St.George and offering over 3,000 diverse tradeable assets.
- Sign up for a free eToro account and complete the verification process.
- Click on the 'Deposit Funds' option on your screen's bottom left corner.
- Choose 'AUD' as your currency, select a payment method, and initiate a transfer from your St.George account.
- Once your funds have arrived, browse for and acquire your desired cryptocurrency.
Fees to Buy Crypto
Many digital currency trading platforms in Australia impose a deposit fee, but eToro stands apart by providing quick and free AUD deposits. The platform incorporates two fees, namely trading and withdrawal charges. Purchasing or selling a cryptocurrency on eToro includes 1% of your entire transaction value, and withdrawal charges are limited to $5. Apart from these costs, no extra expenses are linked to crypto investing.
Does St.George Allow Crypto Purchases?
Yes, St.George Bank offers its customers the flexibility to transfer Australian dollars to and from digital asset platforms that hold a licence from the Australian Transaction Reports and Analysis Centre (AUSTRAC). The bank might inhibit transactions related to non-compliant exchanges such as KuCoin or Gate.io. For this reason, we advise our users to opt for a platform recognised by AUSTRAC and accredited by ASIC.
About St.George Bank
St.George Bank is an Australian financial institution offering a wide range of banking products and services. Founded in 1937, St.George has become one of Australia's largest banks, with over 1 million customers nationwide and nearly 3,000 employees. Part of the Westpac Banking Corporation since 2008, it offers personal banking, business banking, and wealth management.
With a robust online banking platform and mobile app, it strives to provide convenient, seamless customer experiences. St. George Bank is committed to community engagement and has a legacy of supporting local initiatives and businesses, fostering sustainable development and economic growth.
To summarise, St.George Bank customers can invest in digital assets through trusted and licensed cryptocurrency exchanges. Our expert team has identified eToro as the best choice in Australia due to its instant verification, user-friendly interface, competitively low fees, free AUD deposits, wide selection of assets, and 24/7 customer support.