How to buy crypto and USDT with a bank account

Table of contents How to buy crypto and USDT with a bank account on a web browser Deposit Australian dollars (AUD) with a bank transfer Buy crypto How to buy crypto and USDT with a bank account on mobile Deposit Australian dollars (AUD) with a bank transfer Buy crypto Frequently asked questions

To buy crypto with a bank transfer in Australia, follow these steps:

Using the web browser

Deposit Australian dollars (AUD) with a bank account

1. Log in to your Independent Reserve account.
2. Click Quick Deposit.
3. Select ETF bank transfer as your deposit method.
4. Copy the bank account details provided to deposit using your preferred bank account.

Your deposit will be credited to your Independent Reserve account. Some banks may delay your first deposit by 1 to 2 business days. Osko and PayID deposits are typically instant.

Buy crypto

1. On your dashboard, click Buy/Sell.
2. Select your desired crypto from the drop-down menu. You can choose from a wide range of cryptocurrencies, including USDT,  TRON, USD Coin and more.
   
3. Enter the amount you want to spend on your chosen crypto and select Buy.

Your crypto will now be deposited into your account.

Using the mobile app

Deposit Australian dollars (AUD) with a bank account

1. Log in to your Independent Reserve app.
2. Navigate to Wallet, click Quick Deposit.
3. Select EFT bank transfer as your deposit method.
4. Copy the bank account details provided to deposit using your preferred bank account.

Your deposit will be credited to your Independent Reserve account. Some banks may delay your first deposit by 1 to 2 business days. Osko and PayID deposits are typically instant.

Buy crypto

1. Navigate to Trade, and tap Buy/Sell.
2. Select your desired crypto from the drop-down menu. You can choose from a wide range of cryptocurrencies, including USDT, TRON, Shiba Inu and more.
3. Enter the amount you want to spend on your chosen crypto and select Buy.

Your crypto will now be deposited into your account.

Frequently asked questions

What banks can I use to buy crypto in Australia?

Independent Reserve supports buying crypto through a range of banks, including:

• Commonwealth Bank Australia (CBA)
• ANZ
• National Australia Bank (NAB)
• Westpac
• St.George Bank

What other payments methods are available to buy cryptocurrency?

Aside from EFT bank transfer, Independent Reserve customers can also buy bitcoin and crypto using:

• Credit/debit card: Instant using Visa or Mastercard.
• PayPal: Instant.
• PayID: Instant and free for deposits over $100.

Are there any fees for buying crypto with a bank account?

• Bank deposits over $100 are free.
• View the fee schedule for a list of all fees and charges.

Can I withdraw AUD to my bank account?

• Yes, you can easily send AUD to your linked bank account.