Summary: Customers of BankSA have the option to buy Bitcoin and other cryptocurrencies with ease by using regulated third party exchanges like eToro and Uphold. These exchanges are regulated, beginner friendly and signup only takes a few minutes. Once done you can deposit money via bank transfer or credit/debit card and begin buying top cryptocurrencies like Bitcoin and Ethereum!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Can I Buy Crypto With BankSA?
While BankSA doesn't offer direct cryptocurrency purchases, there is still a way for account holders to indirectly buy digital assets. This can be done by using your BankSA account to connect with a regulated cryptocurrency exchange, such as eToro or Uphold.
These exchanges facilitate the trading of cryptocurrencies, allowing BankSA account holders to indirectly purchase the digital assets they desire. So despite the inability to purchase cryptocurrencies directly via BankSA, the value of the account still allows for exposure to the world of digital currencies.
Buy Bitcoin with BankSA and eToro
How To Buy Crypto With BankSA?
The first step to buying and selling cryptocurrencies is to sign up for a secure and regulated exchange such as eToro and Uphold.
We highly recommend these platforms, especially for beginners, as they offer a wide selection of cryptocurrencies to choose from and have user-friendly interfaces. Signing up for an account only takes a few minutes and is free of charge.
After creating your account, you can then link your BankSA account and make your initial deposit. We provide two options for funding your account, namely bank deposits (ACH) and credit/debit card transfers.
Bank deposits are free of charge, but the transfer time may take longer. On the other hand, credit/debit card transfers are more expensive but have the advantage of providing instant fund arrival.
Once your funds have successfully been deposited into your account, you can begin buying and selling a variety of cryptocurrencies, including Bitcoin, Ethereum, Solana, and others.
How to sign up
1. Create Account: Signup and add your identity verification. 2. Deposit Funds: Via your BankSA account or credit card/debit card. 3. Start Buying: Once your deposit has arrived in your account.
Buy crypto with BankSA & Uphold
Does BankSA allow cryptocurrencies?
BankSA offers its customers convenient access to a range of standard banking services, including but not limited to savings accounts, loans, credit cards, and personal banking.
However, the company does not specialize in providing any products or services related to digital or cryptocurrency related platforms or transactions.
Despite this, BankSA customers have the option to register with regulated cryptocurrency exchanges and deposit funds in order to participate in the buying and selling of popular cryptocurrencies like Bitcoin and Ethereum.
Buy crypto with BankSA Credit Card?
Customers of BankSA are eligible to utilize their debit or credit cards to make deposits of fiat currencies to regulated cryptocurrency exchanges in order to engage in buying and selling of cryptocurrencies.
It is highly recommended that customers opt for regulated exchanges for depositing or withdrawing funds, in order to avert any potential issues that may arise during the process.
Is BankSA crypto friendly?
Although BankSA does not have any specific cryptocurrency services, it still falls under the category of being a crypto-friendly bank due to the fact that their customers can connect their bank accounts or link their debit cards to regulated third-party exchanges in order to buy and sell cryptocurrencies.
Additionally, BankSA is known to not put any restrictions on deposits and withdrawals to and from regulated exchanges. So, even though BankSA itself is not offering cryptocurrency services, it does not interfere with customers who wish to deal with third-party providers for their cryptocurrency needs.
About BankSA
BankSA is a leading financial institution in Australia, offering a range of products and services to customers since its establishment in 1848. With a rich history that spans over 170 years, BankSA has become one of the most trusted and reliable banks in the country.
BankSA website
Today, BankSA boasts a large customer base of over 1.3 million individuals and businesses throughout Australia. The company is headquartered in Adelaide, South Australia, and has a strong presence throughout the country, with branches and ATMs located in key cities.
Its product offerings include personal loans, home loans, credit cards, savings accounts, term deposits, and insurance. The bank also offers a range of business banking services, including business loans, merchant services, and cash flow management solutions.
In addition to its products and services, BankSA also provides a range of online banking tools and resources, making it easy for customers to manage their finances from anywhere, at any time. This includes online banking, mobile banking, and a range of helpful financial planning and educational resources.
Overall, BankSA is a trusted and reliable institution that has played an important role in the financial landscape of Australia for many decades.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.
