The recommended way to buy crypto with Bendigo is: Swyftx
Of course! Bendigo provides its clients with avenues to investigate the cryptocurrency space, showcasing well-known assets such as Ethereum, Bitcoin, and Solana. Bendigo complies with Australian Transaction Reports and Analysis Centre (AUSTRAC) financial requirements by enabling fund transfers to reputable cryptocurrency trading platforms in Australia.
Bendigo offers simple deposit options for Australian dollars, including bank transfers, POLi, PayID, and debit card transactions, for clients who are enthusiastic about investing in cryptocurrencies.
The Bendigo Bank’s guide to cryptocurrency acquisition
When it comes to digital asset investment, Swyftx stands out as a flexible and compliant platform that complies with AUSTRAC’s strict guidelines for Bendigo clients. This portal, which accepts bank transfers, debit cards, and credit cards, simplifies AUD transfers from your Bendigo account.
With over 4,500 assets to choose from, including a wide variety of equities, ETFs, and cryptocurrencies, Swyftx appeals to a wide spectrum of investing styles.
Below is a comprehensive how-to guide for using Swyftx:
Account Setup: Start by registering for a Swyftx account and carrying out the required verification procedures.
How to Finance Your Account: To add money, navigate to Swyftx’s ‘Deposit’ area, which is typically found in the interface’s bottom left corner.
Selecting the Transfer Method and Currency: To link your Bendigo account with the suitable transfer method, select ‘AUD’ as your currency.
Investment in Cryptocurrency: After completing your investment, use the easy-to-use search feature on Swyftx to identify and purchase the cryptocurrency of your choice.
Using Bendigo Bank to Purchase Cryptocurrency
What Charges Are Involved?
To investigate Bitcoin and other cryptocurrencies using Bendigo Bank, you must be aware of the costs related to third-party platforms. These expenses usually include transaction costs, fees for deposits and withdrawals, and the spread, or the price difference between buying and selling.
Due to its affordable costs and support for AUD deposits, Swyftx is frequently preferred by investors. When it comes to cryptocurrency trading, Swyftx typically charges a spread of about 1%, which is a better rate than sites like CoinSpot, where spreads can approach 2%. Consequently, Swyftx presents itself as a financially advantageous choice for cryptocurrency trading, offering clear and affordable investment alternatives.
Is Crypto-Friendly Bendigo?
Bendigo approach to bitcoin investments is friendly but cautious. The bank permits users to interact with cryptocurrency platforms, especially those governed by Australian financial regulations like the Australian Transaction Reports and Analysis Centre (AUSTRAC), by channelling money through a variety of means, such as bank transfers and debit cards.
With this method, SBendigo clients can investigate investing in digital assets in a regulated and controlled setting. Bendigo Bank conforms to important financial regulatory norms and positions itself as a trustworthy source for individuals looking to diversify their cryptocurrency investment portfolios by abiding by AUSTRAC’s strict laws.
Disclaimer: The content provided on this website is solely for informational and advisory purposes. It is not meant to serve as investment or financial advice and should not be considered as such. Prior to making any financial investments, it is recommended to consult with a qualified financial adviser for professional guidance.