How to Buy Crypto with Heritage Bank

Can I buy Crypto on Heritage Bank?

Unfortunately, Heritage Bank does not offer a cryptocurrency-investing feature directly on its banking platform. Not to worry, there are many safe alternative ways to investing in cryptocurrencies with a Heritage Bank account. Simply transfer AUD from your bank account or card to a cryptocurrency exchange, and buy tokens directly there.

We recommend going through the CoinSpot platform. CoinSpot is Australia's best and largest crypto exchange that offers multiple features including staking, a crypto card, bundles (crypto ETFs), an NFT marketplace, and much more. To learn more about this platform you can visit our detailed CoinSpot Review.

How to buy Crypto with Heritage Bank in Australia

The easiest way to invest in cryptocurrencies with a Heritage Bank account is by using CoinSpot. Heritage Bank account holders can fund their CoinSpot accounts via multiple methods including credit/debit card, bank transfer, Osko, POLi, PayID, BPAY and cash deposit. Follow the below steps to get started.

1. Sign up to the CoinSpot exchange and complete verification.
2. Click 'Deposit Funds', select a method and send AUD from Heritage Bank.
3. Once your AUD has arrived, go to 'Markets' and find the token you want to buy.
4. Enter the amount you want to spend and tap 'Buy'.

About Heritage Bank

Heritage Bank is a customer-owned bank based in Toowoomba, Queensland, Australia. The bank was founded in 1875 and has been serving the community for over 140 years. Heritage Bank offers a range of banking products and services including savings and transaction accounts, personal and home loans, credit cards, foreign exchange, insurance, and investment products.

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Is it expensive to buy Cryptocurrencies?

This depends entirely on what platform you use to invest in cryptocurrencies, some exchanges like Coinbase will charge 2%+ just to trade cryptocurrencies plus an additional 4-5% to deposit AUD on the exchange. But not all exchanges charge high fees, in fact, CoinSpot is Australia's largest cryptocurrency investing platform and offers the lowest fees available.

On CoinSpot, the trading fees are 0.1% (lowest in Australia) for Market Buy and 1% for Instant Buy. As for deposits, the fees vary depending on what deposit method you use. Refer to the list below for a breakdown of CoinSpots deposit fees:

• POLi, PayID, Osko, Bank Transfer - Instant & Free
• BPAY - 0.9% & 0-2 business days
• Cash - 2.5% & Instant
• Card - 2.58% & Instant

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Heritage Bank Cryptocurrency Policy

Although Heritage Bank doesn't offer the ability to invest in cryptocurrencies directly on its platform, this doesn't mean it's opposed to digital assets. Heritage Bank has nothing stated in its policies that would prohibit its users from investing in digital assets through AUSTRAC-regulated crypto exchanges.

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Final Thoughts

Investing in cryptocurrencies with Heritage Bank is a safe and secure way to diversify your portfolio. CoinSpot is our recommended crypto exchange for Heritage Bank users, as it offers the lowest fees available in Australia and their platform is incredibly easy to use. If you're looking for an alternative investment option or want to hedge against inflation, then cryptocurrency investing can be a great choice.