Summary: The easiest way to buy cryptocurrency with Ubank is through a licensed digital currency trading platform in Australia. This is because Ubank does not currently offer Bitcoin or Crypto trading services.
We recommend CoinSpot for instant and free AUD deposits from Ubank Online to trade 350+ cryptos with low fees.
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Can I buy Cryptocurrency with Ubank?
The Ubank digital bank does not offer any services for its customers to buy, sell or store digital currencies like Bitcoin, Ethereum, and more. Their online banking app does not have the infrastructure needed to support cryptocurrency applications like Wallets or Exchanges.
This means you will need to deposit AUD from your Ubank account into a licensed and regulated crypto exchange in Australia.
How to buy Crypto with Ubank Online
The easiest way to buy Crypto with Ubank Online is with CoinSpot. This trading platform offers fast and free AUD deposits from Ubank Online to buy, sell, stake and trade over 350 different cryptocurrencies. Their platform also has an NFT Marketplace and NFT Wallet to store your digital art.
You can get started with this simple guide below.
Step 1: Sign up for the CoinSpot cryptocurrency trading platform.
Step 2: Deposit AUD via Bank Transfer or any other method available for Ubank.
Step 3: Find the cryptocurrency you want to buy and execute your trade.
After you buy your first crypto on CoinSpot, it will be automatically placed into your CoinSpot Managed Crypto Wallet for secure storage.
Is Ubank Crypto-Friendly?
Ubank is a crypto-friendly bank in Australia that enables its customers to freely buy, sell and trade cryptocurrencies. The only relevant policy Ubank account holders need to consider is their rule against staying away from off-shore and unregulated digital currency exchanges.
Ubank Deposit and Trading Fees
The fees to deposit AUD from Ubank to CoinSpot are completely free if you use the PayID or Osko NPP transfer method. Concerning fees, CoinSpot charges 0.1% for a Market Order or 1% for an Instant Order.