Summary: AMP is a leading financial services company in Australia that offers its account holders opportunities to invest in cryptocurrencies. It does this by facilitating the transfer of funds to digital asset exchanges that adhere to the strict guidelines set by Australian regulatory authorities like ASIC and AUSTRAC. This approach enables its clients to confidently engage in the purchase and sale of various assets, including popular options like Bitcoin or Dogecoin.
In our extensive evaluation of top Australian exchanges, we identified eToro as the optimal choice for AMP customers. eToro supports seamless and quick AUD deposits through various local payment methods and offers an expansive selection of over 4,500 financial instruments. Its users can explore crypto, stocks, ETFs, and commodities, all at competitive prices.
- Regulated by the Australian Securities and Investments Commission (ASIC).
- Buy, sell and trade over 4,500 Cryptocurrencies, Stocks, ETFs and more.
- Fast AUD deposits from AMP via POLi, bank transfer and debit card.
Your capital is at risk. AFSL 491139. See eToro PDS and TMD.
Can I Buy Bitcoin with AMP?
Definitely, AMP clients can easily convert their funds into Bitcoin and a variety of other digital assets through licensed cryptocurrency exchanges in Australia. It's important for customers to choose a platform that is under the supervision of the Australian Securities and Investments Commission (ASIC) to ensure compliance with regulatory standards. After depositing AUD into their exchange account, users can purchase tokens like BNB, Ethereum, or Polygon.
How to Buy Crypto with AMP
AMP clients looking to venture into the digital asset market have a clear and direct route. They can securely purchase various cryptocurrencies through licensed exchanges. Our extensive research points to eToro as the preferred choice due to its compliance with ASIC regulations and a wide range of supported assets. This platform allows for easy AUD deposits using various methods, including POLi, PayPal, bank transfers, debit cards, and credit cards.
Anyone looking to start trading crypto can do so by following our straightforward guide:
- Registering an Account: Sign up on eToro and undergo the required identity verification.
- Selecting Currency: Click ‘Deposit Funds’ and then ‘AUD.’
- Initiating the Transfer: Choose a convenient payment method and transfer funds from your AMP account.
- Executing the Trade: Use the search feature on eToro to find the coin you want to invest in and proceed with your transaction.
AMP Cryptocurrency Policy
AMP facilitates its clients’ entry into the realm of digital currencies by guiding them towards trusted exchanges that meet the Australian Securities and Investments Commission standards. eToro Australia Pty Ltd is our recommended choice, being regulated by ASIC under the license AFSL 491139. With eToro, customers can confidently explore the diverse world of digital assets, benefiting from a secure platform for cryptocurrency trading. Its primary office is located at Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia.
Digital Asset Investment Fees
When starting with digital currency investments, it's crucial to get familiar with the different fees you'll encounter. Being aware of these costs is essential for making informed decisions and improved trading performance. Here's an overview of typical charges you can expect on an exchange:
- Deposit Fees: The cost of moving money from your bank to a trading platform can vary depending on the payment method used. Generally, options like PayID are more economical compared to quicker methods such as credit or debit cards.
- Trading Costs: The expenses associated with buying or selling digital assets can differ across platforms. For example, eToro charges about 1% for each transaction, a rate lower than most of its competitors.
- Withdrawal Charges: The fee for withdrawing funds varies based on the specific type of coin. For instance, Bitcoin often has a commission of around 0.0005 BTC. However, this expense can vary for different cryptocurrencies.
eToro provides access to a wide range of over 4,500 assets, including various coins, stocks, ETFs, and commodities, at attractive rates. This comprehensive offering makes it a top choice for AMP customers interested in exploring the crypto market.
What is AMP?
AMP is a reputable institution in Australia that provides banking and financial services to individuals, businesses, and corporate clients. The bank was founded in 1849 and has grown to become one of the country's leading market players. Its products and services include savings accounts, transaction accounts, term deposits, personal loans, home loans, and credit cards.
One of the unique features of AMP Bank is that it is owned by the AMP Group, a leading provider of financial services that operates across Australia and New Zealand. This structure allows the bank to offer a wide range of products to its customers while leveraging the expertise of the larger group.
Final Thoughts
To wrap up, AMP is a key facilitator for its customers in Australia to access the world of cryptocurrency investments. By enabling the transfer of funds to ASIC and AUSTRAC-regulated exchanges, the bank enables its clients to confidently trade a variety of digital assets. Our thorough investigation highlights eToro as the ideal platform, offering seamless AUD deposits and a diverse range of over 4,500 financial instruments. Additionally, the exchange comes with unique features like its multilingual interface, copy trading, staking, and more.
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
