Can I buy Crypto with POLi?
Yes, POLi is an Australian online payment provider that lets you deposit Australian dollars into digital asset exchanges to buy Cryptocurrencies. There are only two options to choose from in Australia, and as previously mentioned, CoinSpot is the best trading platform. If you would like to learn more about this exchange, visit our detailed CoinSpot Review.
How to buy Bitcoin and Crypto with POLi Pay
The best cryptocurrency exchange to buy Bitcoin with POLi deposits is CoinSpot. Their platform offers fast and free POLi AUD deposits and low trading fees on over 370 different digital assets.
Follow our simple guide below to get started:
- Open a free account on CoinSpot and verify your identity and email address.
- Select the 'Deposit Funds' button, and click the 'POLi' tab.
- Pick the bank that you will be depositing AUD from and type in the amount you'll deposit.
- Go to the 'Buy/Sell' tab, find 'Bitcoin', input how much AUD you want to invest in BTC, and tap 'Buy'.
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Can I Stake Crypto with POLi in Australia?
You can also deposit AUD with POLi on CoinSpot to buy and stake Cryptocurrencies like Ethereum, Solana, or Avalanche to earn up to 78% APY (Annual Percentage Yield). Staking tokens on the CoinSpot platform allows you to earn a revenue share of different Cryptocurrencies. For more information, read our extensive CoinSpot Staking Guide.
What are the fees to buy Cryptocurrencies?
POLi deposits on the CoinSpot platform are completely free and as are withdrawals. The only fee that the platform charges is its trading fees, which vary depending on the method you use. If you buy or sell Crypto through the 'Buy/Sell' tab, the fee is 1% of your total transaction, and if you trade through the 'Markets' tab, the fee is a competitively low 0.1%.
What is POLi Pay?
POLi Pay is an online payment system used in Australia and New Zealand. It is a popular payment option for individuals and businesses to make secure, real-time bank transfers. It operates as a ‘direct bank transfer’ system, which means users are able to transfer funds directly from their bank account to the payee's account, without the need for a credit card.
To use POLi, customers simply select the POLi payment option at checkout and then log in to their online banking. They are then able to select the bank account they wish to use for the transfer and complete the payment. POLi is accepted by a range of merchants, including airlines, utility companies, government agencies, and online retailers.
Final Thoughts
POLi Pay is an easy way to buy Bitcoin and other Cryptocurrencies in Australia. CoinSpot is one of two regulated digital asset exchanges that allow customers to deposit AUD with POLi. New customers can get started by signing up and verifying their account, before depositing funds via POLi Pay. One their funds are on the platform, they can buy and sell over 370 tokens.
