The recommended way to buy bitcoin in Australia as a BankSA customer is: Swyftx
The team at Extras will show you how to buy a bitcoin or other cryptocurrency with a Bank SA bank account in Australia. BankSA is a popular banking institution in South Australia.
If you are a current customer of BankSA you are lucky because you have several options when buying Bitcoin in Australia.
Banks such as Westpac allow customers to purchase cryptocurrency via their accounts and make it easy for customers to do so.
In the Australian market, the exchange to buy crypto with is Swyftx. It is an established Australian exchange based in business with a great reputation for security and transparency.
Swyftx has very low fees compared to competitors such as Coinspot who charge far higher rates.
Here are the simple steps to buying Bitcoin with Swyftx. The process should take no longer than a few minutes, and it will only take up to a day to process your verification request, though this can typically happen instantly.
- Create and Register an Account with Swyftx.com.au
- Set up 2FA or your Two-factor Authentication
- Verify All of Your Personal (or Business) Details with Swyftx
- Deposit an AUD Amount into Your Swyftx Account with BankSA
- Navigate to the Trade Page
- Choose Bitcoin
- Choose Your AUD Amount to Buy Bitcoin
- Confirm Your Order and Commit to Buy Bitcoin
To help customers do more with their money, BankSA started in 1847 and has 593 branches across the country.
BankSA is a popular Australian company providing top-of-the-line financial services such as mortgages and loans.
Some of their most competitive products include home, investment, and business loans with fixed rates or flexible payments.