The most convenient method to begin investing in or trading Bitcoin and other cryptocurrencies in Australia are through your ING Direct login. So how can you buy BTC and crypto with ING direct banking?
Can You Purchase BTC Through ING Direct or ING Bank?
No, ING Bank does not allow customers to purchase Bitcoin and other cryptocurrencies directly from their ING Direct account.
You may, however, link your ING Bank account to an Australian cryptocurrency exchange. All you have to do is open an account with a cryptocurrency exchange in Australia, put Australian Dollars into your ING account, and you can buy any cryptocurrency right away.
Swyftx is the most acceptable cryptocurrency exchange for ING consumers to start with. They provide a quick and low-cost AUD deposit option, as well as minimal trading costs.
They are Australia’s most reputable exchange, having been in operation since 2013. They offer the most customer-friendly platform for purchasing BTC as well as over 250 alternative cryptocurrencies and altcoins.
How to buy Crypto with ING and Swyftx
- Swyftx allows you to create an account in Australia.
- For further protection, enable 2FA with SMS or Google Authenticator. Deposit AUD into your account using your ING Bank account.
- Select ‘Bitcoin’ from the ‘Trade’ menu.
- Input the amount of Australian Dollars you wish to spend on Bitcoin (AUD)
- Select a personal, corporate, SMSF, or OTC account to verify your account information.
- Examine your order and purchase Bitcoin
Why is Swyftx the Best Crypto Exchange?
Swyftx is a cryptocurrency exchange in Australia with some of the industry’s best rates and fees. Swyftx, founded in 2017 and situated in Brisbane, Queensland, provides several tools to assist you in making profitable trades. Let’s take a look at what you receive with a new account.
Swyftx optimizes every crypto order across several exchange trading volumes to give more liquidity on trading pairings—such as altcoins—than if they used their order book. This results in substantially larger trading volume and market depth across the supported trading pairs than other crypto exchanges. As a result of the improved liquidity, the user is given reduced spreads—the gap between the bid and ask price.
A typical Australian cryptocurrency exchange, for instance, will utilize its trading volumes for each trading pair. If there is a shortage of trading activity for a specific currency, the spread charge may rise owing to a lack of available liquidity. Swyftx overcomes this issue by aggregating billions of dollars in liquidity from a more extensive Australian crypto exchange, such as Binance Australia.
Is Swyftx Safe?
Swyftx is a secure exchange with various security layers to protect customer cash. Two Factor Authentication (2FA) and cold wallet stock keep customer accounts and wallets safe. This implies that to log in; users must have something they know (password) and something they have (2FA device). 2FA is also necessary to validate withdrawals, changes to account information, and some high-volume trades.
To ensure the most significant degree of password and account protection, the website is connected with Auth0, specialising in cloud platform security. Swyftx has never been hacked or compromised, according to the recent study, thanks to its meticulous security practices and solid technical safeguards in place.
Is Swyftx Regulated?
Swyftx is a registered Australian private company that operates under the business name SWYFTX Pty Ltd. The Melbourne digital currency exchange is governed by AUSTRAC, which enforces financial regulations to reduce the danger of criminals and money laundering. Swyftx also adheres to the Australian Government’s stringent AML/KYC requirements.
Who Should Use Swyftx?
The site is primarily geared towards Australians because it follows their regulations and tax rules; however, persons from New Zealand, the United Kingdom, and Canada can register an account, with assistance for Ireland and India coming soon.
Try Swyftx Today
Swyftx is a cryptocurrency exchange developed for Australian users, using the Australian dollar as the primary currency. It has minimal trading costs, powerful trading capabilities, and an excellent mobile app. Swyftx is perfect for Australians who wish to trade without giving up too much in fees and spreads or worrying about their transactions’ logistical or tax consequences when they make withdrawals, thanks to live chat and an integrated licensing and tax system.