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How to buy Crypto with POLi in Australia

How to buy Crypto with POLi in Australia

Adrian Graham
Fact Checked
Feb 8, 2023

Summary: The only way to buy Cryptocurrencies like Bitcoin and Ethereum with POLi is by going through a regulated and licensed digital asset exchange. There are only two trading platforms that accept AUD deposits via POLi payments.

If you are looking to buy Bitcoin with POLi in Australia, CoinSpot is the best option as offers instant and free POLi deposits from any Australian bank to buy Bitcoin and 370 other tokens. In addition to trading Crypto, Aussie investors can also stake over 30 tokens with high yields of up to 78%.

Table of Contents

Best Exchange for POLi Deposits

Platform Highlights

  • Instant Australian Dollar (AUD) deposits with POLi to buy and sell over 370 cryptocurrencies.
  • Regulated by AUSTRAC as a Digital Asset Service Provider and licensed by ASIC.
  • Wide variety of features including Crypto Staking, NFT Marketplace & Wallet, Crypto ETFs and more.

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:

  1. Open a free account on CoinSpot and verify your identity and email address.
  2. Select the 'Deposit Funds' button, and click the 'POLi' tab.
  3. Pick the bank that you will be depositing AUD from and type in the amount you'll deposit.
  4. Go to the 'Buy/Sell' tab, find 'Bitcoin', input how much AUD you want to invest in BTC, and tap 'Buy'.
How to buy Bitcoin and Crypto with POLi Pay.
How to buy Bitcoin and Crypto with POLi Pay.

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.

POLi Pay
POLi Pay.

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.

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Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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