Crypto Banks
How to buy Crypto with ASB Bank

How to buy Crypto with ASB Bank

Andrew Chen
Fact Checked
Sep 24, 2022

Key Takeaway: ASB Bank does not offer any products or services which enable customers to buy and sell cryptocurrencies through ASB Fastnet or ASB online banking. The only method available to customers is to deposit NZD from their bank account into a secure and licensed trading platform.

If you are looking to get started quickly, we recommend the SwyftX NZ platform because they support fast and cheap NZD deposits from ASB bank.

Table of Contents

Best Exchange for ASB Bank

Platform Highlights

  • Fast and Cheap NZD deposits via ASB Bank deposit or card.
  • Trade 320+ Cryptocurrencies with low fees and tight spreads.
  • Licensed and regulated broker in New Zealand and Australia
SwyftX - ASB
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Can I Buy Bitcoin or Crypto with ASB Bank?

ASB Bank does not currently offer the ability to buy cryptocurrencies like Bitcoin and Ethereum. However, there are several ways to buy crypto that do not involve using a bank. One popular method is to use a local exchange like SwyftX NZ. Another option is to use a peer-to-peer exchange like Local Bitcoins. There are also a number of ATMs that allow you to buy digital assets.

How to Buy Cryptocurrency with ASB Online

The easiest way to buy Cryptocurrencies with an ASB Online Banking account is through a licensed and regulated trading platform in New Zealand. The most popular crypto trading platform in NZ by userbase is SwyftX NZ. Their exchange offers fast and cheap NZD deposits from ASB to trade over 320 assets and stake them to earn up to 15% APY in interest paid out daily.

You can get started in 4 simple steps:

  1. Sign up to the SwyftX NZ trading platform.
  2. Select the 'Deposit' button at the top of your screen and choose New Zealand Dollars (NZD) as your preferred currency.
  3. Then complete your NZD deposit via ASB Bank Transfer or Debit Card/Credit Card.
  4. Once the NZD arrives in your account, find the crypto you want to buy and execute your trade.
Buy Crypto with NZD via ASB Bank.

ASB Bank Crypto Policy

ASB Bank has recently released their crypto policy, which outlines their stance on the buying, selling, and holding of cryptocurrencies. The policy states that ASB will not currently support the buying or selling of cryptocurrencies through their platforms. However, they will still allow customers to hold cryptocurrencies that they have purchased through other means.

ASB is one of the first major banks in New Zealand to release a crypto policy. This comes as the government is currently considering regulating the cryptocurrency industry. ASB's policy may set a precedent for other banks in New Zealand, and possibly even Australia.

About ASB Bank

ASB Bank is one of New Zealand's leading banks and is a subsidiary of the Commonwealth Bank of Australia (CBA). The bank offers a wide range of products and services to customers across the country. ASB has a long history in New Zealand, dating back to 1847 when it was established as the Auckland Savings Bank.

ASB Bank

Today, ASB is a full-service bank with an extensive branch network and a range of digital channels. ASB is committed to helping its customers reach their financial goals, whether they are saving for a first home, investing for retirement or growing their business. The bank provides a range of products and services to meet the needs of its customers, including savings and transaction accounts, home loans, business banking, foreign exchange, insurance, and investment products.

ASB is also a member of the ASX-listed ASB Group, which includes ASB Bank in Australia and ASB Community Trust in New Zealand.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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