How to Buy Crypto with Macquarie Bank
The most secure and affordable way for Macquarie Bank customers to buy and sell Crypto is by using the CoinSpot exchange. Macquarie Bank clients can deposit AUD to CoinSpot via multiple payment methods such as Bank Transfer, Credit/Debit Card, POLi, Osko, PayID, BPAY, or Cash.
Follow this quick and simple guide to get started:
- Create a free account on CoinSpot and complete the sign-up process.
- Tap ‘Deposit Funds’, select a method, and send AUD from Macquarie.
- Head to the 'Markets' or 'Buy/Sell' tab and find the token you want to buy.
- Input the amount of AUD you wish to invest and click the 'Buy' button.
Is Macquarie Bank Crypto-Friendly?
Yes, Macquarie is considered a Crypto-friendly bank in Australia because it has shown a willingness to work with Cryptocurrency companies. However, it is important to note that Macquarie does not allow its clients to directly invest in digital assets through the bank. But it does allow its customers to buy and sell Crypto through AUSTRAC-regulated exchanges like CoinSpot.
Is It expensive to invest in Cryptocurrencies?
It can be expensive to buy and sell Cryptocurrencies if you use a popular global exchange like Coinbase or Binance. However, our team has extensively used all of the top trading platforms globally and determined that CoinSpot has the lowest fees in Australia. The fees to invest in Crypto differ depending on a variety of factors including what deposit method and trading type you use.
For example, there are zero fees to deposit AUD to CoinSpot via PayID, POLi, Osko, or Bank Transfer. However, there is a 0.9% fee for BPAY deposits, a 2.5% fee for cash deposits, and a 2.58% fee for Credit/Debit card deposits. As for trading fees, there is a 0.1% fee on Market Buy orders and a 1% fee on Instant Buy orders.
Macquarie is an Australian financial institution that offers a wide range of products and services to individuals, businesses, and institutions. It was founded in 1969 and is headquartered in Sydney, Australia. The bank provides services in areas such as banking, financial advice, asset management, investment banking, and wealth management. It is also known for its expertise in infrastructure and energy markets and has a strong presence in these industries globally.
The bank has operations in over 30 countries and employs over 15,000 people globally. It has a reputation for innovation and has been at the forefront of developing new financial products and services. For example, it was one of the first banks to introduce online banking in Australia and has since continued to invest heavily in digital technology.
To summarise, our team evaluated over 20 trading platforms and determined that CoinSpot is the best Cryptocurrency exchange for Macquarie Bank customers. If you are interested in learning more about the platform and its features, visit our CoinSpot Review.