How to Buy Crypto with Macquarie Bank

Can I Buy Bitcoin with Macquarie Bank?

Yes, Macquarie Bank clients can transfer funds directly to Australian crypto exchanges, enabling the purchase of digital currencies like Bitcoin and Ethereum. Finding a platform that complies with Australian Transaction Reports and Analysis Centre (AUSTRAC) regulations and adheres to local financial guidelines ensures a secure trading experience.

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How to Buy Crypto with Macquarie

Macquarie Bank customers are able to purchase cryptocurrency through regulated exchanges like CoinSpot, which is registered with AUSTRAC. CoinSpot offers a seamless experience with free AUD deposits from Macquarie Bank accounts through bank transfers, PayID, BPAY, credit cards, debot cards and cash. The platform supports over 420 digital assets to trade and stake.

Start your crypto investment journey with Macquarie Bank by following these steps:

1. Account Creation: Begin by setting up your CoinSpot account and completing the necessary verification steps.
2. Deposit Funds: On your dashboard, click 'Deposit Funds' and choose the option to transfer via bank deposit using Macquarie Bank.
3. Complete your Deposit: Follow the instructions provided to transfer AUD.
4. Explore and Invest: Once your account is funded, explore the platform to find and invest in your preferred cryptocurrencies.

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What are the Fees?

When exploring cryptocurrency investments, understanding the costs associated with using digital asset exchanges is recommended to avoid any unexpected charges. Most platforms apply a fee for depositing or withdrawing funds, trading assets, and a spread, which is the difference between buying and selling prices.

For Macquarie clients, several platforms have competitive fee structures, but CoinSpot provides the lowest costs with free AUD deposits through bank transfers or PayID. It offers a variable fee between 0.1% - 1% on cryptocurrency trades. 

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Is Macquarie Bank Crypto-Friendly?

Macquarie Bank is a progressive bank that supports its customers' interest in digital assets. It allows users to freely send and receive funds from licensed exchanges. It approves transfers to platforms registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), but it may freeze transactions to unregulated exchanges.

This allows Macquarie clients to venture into digital assets within a controlled and safe framework. By adhering to the stringent regulations set by AUSTRAC, the bank offers a secure path for customers keen on integrating cryptocurrencies into their investment portfolio.

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About Macquarie Bank

Macquarie Bank, founded in 1969, is an Australian multinational investment bank known for its global asset management and financial advisory services. The bank offers the Macquarie Cash Management Account, Macquarie Online Trading, and the Macquarie Wrap investment platform. These services cater to retail and institutional clients, providing comprehensive solutions for wealth management and investment planning.

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Bottom Line

In conclusion, Macquarie Bank clients can buy digital currencies through AUSTRAC-registered crypto trading platforms like CoinSpot. By enabling direct AUD transfers and supporting a wide range of 450 cryptocurrencies, CoinSpot helps clients diversify their investment portfolios safely. It provides free deposits, low fees and unique features like staking and exposure to NFTs through its native marketplace.