Summary: Teachers Mutual Bank does not currently allow its customers to buy Cryptocurrencies through its online banking platform. That said, you can easily send AUD from your Teachers Mutual Bank account or card to buy digital assets with an AUSTRAC-licensed Crypto broker.
We have evaluated over 20 digital asset exchanges to find the best option for Teachers Mutual Bank customers. Our team has concluded that CoinSpot is the most secure and affordable way to invest in the asset class in Australia. On CoinSpot, users can buy and sell over 370 tokens with low trading fees from 0.1% and free AUD deposits from Teachers Mutual Bank.
Best Crypto Exchange for Australian Investors
Platform Highlights
- Free and instant AUD deposits via PayID, POLi & Bank Transfer.
- Lowest trading fees in Australia starting at a low 0.1%.
- Buy and sell over 370 Cryptocurrencies and stake over 20 tokens.
How to Buy Crypto with Teachers Mutual Bank
If you want to buy Cryptocurrency with Teachers Mutual Bank, you will need to send AUD to a secure digital asset exchange. Our team recommends using the CoinSpot exchange as it offers multiple free AUD methods to Teacher Mutual Bank customers including PayID, POLi, Osko, Bank Transfer, and many more.
You can get started in minutes with this quick and easy guide:
- Sign up to the CoinSpot exchange and complete the verification requirements.
- Click 'Deposit Funds', select a payment method and send money from Teachers Mutual Bank.
- Go to the 'Buy/Sell' tab, find the token you want to buy and click 'Buy'.
- Input the AUD amount you want to invest in the token and execute the trade.
Is Teachers Mutual Bank Crypto Friendly?
Yes, Teachers Mutual Bank is considered a Crypto-friendly institution. The bank allows its customers to buy and sell Cryptocurrency from AUSTRAC-licensed exchanges like CoinSpot. It also has nothing stated in its policies that would prohibit its clients from investing in the asset class.
About Teachers Mutual Bank
Teachers Mutual Bank is an Australian mutual bank, which means it is owned by its members. The Bank was established in 1966 to help teachers with their banking and financial needs. Today, the Bank offers a range of products and services to both teachers and the general public.
The bank has a strong commitment to the education sector and provides support to teacher professional development and education research. Teachers Mutual Bank is a member of the Australian Banking Association and is an authorised deposit-taking institution (ADI) supervised by the Australian Prudential Regulation Authority (APRA).
Final Thoughts
To summarise, investing in Cryptocurrencies with Teachers Mutual Bank is possible by going through an AUSTRAC-licensed Crypto exchange. Our expert team has conducted a thorough investigation into the top digital asset exchanges in Australia and found CoinSpot to be the most secure and affordable option for Teachers Mutual Bank customers.
With CoinSpot, users can easily buy and sell over 370 tokens with low trading fees from 0.1% and free AUD deposits from Teachers Mutual Bank.
