How to buy Bitcoin & other crypto with Greater Bank?
It is not possible to buy Bitcoin directly with Greater Bank, as the bank only offers traditional crypto services. However, by linking your Greater Bank account to a crypto exchange, you can still buy crypto with your bank account.
How to buy crypto with Greater Bank?
Step 1: register with a crypto exchange
Before you can buy crypto with your account with Greater Bank, you first need an account with a crypto exchange:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Greater bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Step 2: deposit money with Greater Bank account
You can then deposit money directly into your crypto account using your Greater Bank account. Keep in mind that it sometimes takes a few days for the money to arrive.
Before you can use the money, you need to go through the crypto exchange’s verification steps. To do this, upload a copy of your passport and proof of your residential address. The exchange uses these details to verify that you are using the crypto account for legitimate purposes.
Step 3: buy crypto with Greater Bank
You are now fully prepared to buy your first crypto using your account with Greater Bank. To do this, select the crypto asset you want to buy and enter the amount you want to invest. You can then choose between two types of orders:
- Market order: with a market order, you buy the crypto at the current price.
- Limit order: with a limit order, you set a price at which you buy the crypto.
When investing in crypto for the long term, a market order is often sufficient. With a limit order, you can choose at what price you will buy the crypto in question.
After your crypto investment is opened, it is wise to evaluate it regularly. Does your crypto investment still fit within your current strategy? If you want to sell the crypto, you can submit a sell order. You can then have the money transferred back to your Greater Bank account.
What is Greater Bank’s stance on crypto?
Greater Bank has not published a clear policy on crypto. Currently, the bank does not block crypto investments through exchanges. You can therefore open an account with a crypto exchange and buy Bitcoin or Ethereum without any problems.
What is the Greater Bank?
Greater Bank is an Australian customer-owned bank. Greater Bank’s headquarters can be found in Hamilton and was formerly known as ‘The Greater’. Greater Bank’s customers are located in New South Wales and Queensland. The bank is known in Australia for its high level of customer satisfaction.
Can you buy Bitcoin at Greater Bank?
It is not possible to buy Bitcoin or other crypto directly from Greater Bank. Personally, I hope this will become possible in the future; crypto will play an increasingly important role in our society. Until then, fortunately, you can still buy crypto by linking your Greater Bank account to a crypto exchange of your choice. When buying crypto, never forget that there are high risks involved.