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To buy crypto with a bank transfer in Australia, follow these steps:
Using the web browser
Deposit Australian dollars (AUD) using a bank account
1. Log in to your Independent Reserve account.
2. Click Quick Deposit.
3. Select ETF bank transfer or PayID as your deposit method.
4. Copy the bank account details provided to deposit using your preferred bank account.
5. Once deposited, click I made a deposit.
Your deposit will be credited to your Independent Reserve account. Some banks may delay your first deposit by 1 to 2 business days. Osko and PayID deposits are typically instant.
Buy crypto
1. On your dashboard, click Trade or Instant Buy or Markets.
2. Select USDT or your preferred crypto from the drop-down menu or table.
3. Enter the amount you want to spend on your chosen crypto and select Buy.
Your crypto will now be deposited into your account.
Please note: USDT cannot be bought using limit orders.
Using the mobile app
Deposit Australian dollars (AUD) using a bank account
1. Log in to your Independent Reserve app.
2. Navigate to Wallet, and tap Deposit.
3. Select EFT bank transfer or PayID as your deposit method.
4. Copy the bank account details provided to deposit using your preferred bank account.
5. Once deposited, tap I made a transfer.
Your deposit will be credited to your Independent Reserve account. Some banks may delay your first deposit by 1 to 2 business days. Osko and PayID deposits are typically instant.
Buy crypto
1. Navigate to Buy/Sell, using the menu at the bottom of the screen.
2. Select your desired crypto from the drop-down menu.
3. Enter the amount you want to spend on your chosen crypto and tap Preview order, and then confirm your order.
Your crypto will now be deposited into your account.
Frequently asked questions
What banks can I use to buy crypto in Australia?
Independent Reserve supports buying crypto through a range of banks, including:
What other payment methods are available to buy cryptocurrency?
Aside from EFT bank transfer, Independent Reserve customers can also buy bitcoin and crypto using:
- Credit/debit card: Instant, using Visa or Mastercard.
- PayPal: Instant.
- PayID: Instant and free.
Are there any fees for buying crypto with a bank account?
- Bank deposits are free.
- View the fee schedule for a list of all fees and charges.
Can I withdraw AUD to my bank account?
- Yes, you can easily send AUD to your linked bank account.
