Summary: ASB Bank doesn’t provide its clients with an option to engage in crypto transactions directly through its banking services. Nevertheless, you can still deposit your New Zealand dollars (NZD) to a licensed and regulated trading platform and invest in popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
For those seeking a convenient and efficient way to begin trading crypto with an ASB Bank account, we suggest considering eToro. Having tested over ten alternative trading platforms, we found that eToro is the optimal choice for ASB Bank account holders, as it stands out by providing low fees, an extensive range of assets, and boasting a user base of over 30 million individuals.
Best Crypto Exchange for Intermediate Traders and Investors
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Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
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0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Can you buy crypto with ASB Bank?
You can’t directly purchase cryptocurrencies through ASB Bank, as it doesn’t offer such services through its online platform. Still, that doesn’t mean that it’s impossible to start trading digital assets with your account. To do so, you can use one of many third-party exchange platforms, with one of the best being eToro.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
How to buy crypto with ASB Bank?
If you have an ASB Bank account and wish to venture into crypto trading, one of the most convenient approaches is to use an online broker service like eToro.
eToro stands out as a highly popular service, renowned for its extensive support of over 60 digital currencies. In addition to this, it offers distinctive features like Copy Trading, enabling you to replicate the strategies of top-performing traders.
Furthermore, eToro provides users with the ability to create personalized watchlists, access staking services, and leverage advanced chart patterns and technical analysis tools, enhancing the trading experience and providing comprehensive resources for informed decision-making.
How to buy crypto with ASB Bank: Step-by-step
Starting crypto trading with ASB Bank and eToro is a straightforward process that can be accomplished by following these four simple steps:
- Register an account on eToro and complete the necessary verification process, whether it is for personal or company use;
- Specify the desired amount of NZD you intend to deposit into your eToro account;
- Link your ASB Bank account and eToro and deposit funds into your newly-made account;
- Locate the specific cryptocurrency you wish to purchase, and execute the trade to finalize the transaction successfully.
Disclaimer: Crypto assets are unregulated and highly speculative. There is no consumer protection. You risk losing all of your capital. Refer to our Terms and Conditions. See full disclaimer.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
About ASB Bank
ASB Bank is one of the leading financial institutions in New Zealand. It’s known for its comprehensive range of banking services, catering to individuals, businesses, and corporate clients by providing them with different solutions for their financial needs.
The bank offers various personal banking services, including:
- Transactional accounts;
- Savings accounts;
- Term deposits;
- Mortgage and lending solutions.
ASB Bank also provides online and mobile banking platforms for convenient account access and seamless transactions.
For businesses, ASB Bank offers specialized services such as:
- Business accounts;
- Payment solutions;
- Merchant services;
- Trade finance.
ASB Bank further extends its support to corporate clients with comprehensive offerings in cash management, foreign exchange, treasury, and capital markets. All these services make it one of the most influential banking institutions in New Zealand.
ASB Bank’s crypto policy
ASB Bank’s crypto policy is straightforward—it currently doesn’t support the buying or selling of cryptocurrencies through its platforms. However, their clients can still hold crypto acquired through other means.
This sets ASB Bank apart from most other banks, both in New Zealand and other countries, all while the Kiwi government considers cryptocurrency industry regulation, potentially influencing other banks in both New Zealand and Australia.
Investing in cryptocurrencies
Investing in cryptocurrencies carries inherent risks, but it can also yield significant financial gains based on individual risk tolerance and goals. Therefore, if you acknowledge and accept the risks involved, consider the following factors:
- Potential high returns: Crypto trading has demonstrated the potential for substantial profits within a short timeframe, attracting investors during market growth;
- Decentralization and innovation: Cryptocurrencies are based on decentralized blockchain technology, fostering innovation across industries and supporting the development of transformative applications;
- Accessibility and liquidity: Digital assets offer enhanced accessibility and can be traded 24/7, providing liquidity for easy conversion into other currencies.
Crypto prices today
It’s no secret that cryptocurrencies are volatile, resulting in price fluctuations over time. As such, they can offer both lucrative opportunities and pose risks as investment assets. Nevertheless, here on our website, you can check out the latest price movements of various cryptocurrencies, as they are subject to frequent changes.
How to buy crypto safely
Investing in cryptocurrencies still raises uncertainties for many individuals due to the dynamic nature of the market. Unfortunately, its relative newness and susceptibility to volatility make it an attractive target for cybercriminals and scammers. So, to ensure a secure cryptocurrency purchase, it’s essential to keep the following tips in mind:
- Choose a reputable exchange: Thoroughly research and select a trusted cryptocurrency exchange platform known for its robust security measures;
- Set up a secure wallet: Hardware wallets provide an additional layer of security by storing private keys offline, safeguarding them from potential online threats;
- Conduct thorough research: Before investing in any particular cryptocurrency, engage in comprehensive research, understanding its market trends;
- Beware of phishing attempts: Verify website URLs, use strong passwords, and never share private keys or personal information with unauthorized individuals;
- Start small: Begin by investing a modest amount to familiarize yourself with the cryptocurrency and the investment process. Then, as you gain experience and confidence, you can gradually increase your investment.
Note
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy crypto with ASB Bank
How to buy crypto with ASB Bank?
To buy crypto with an ASB Bank account, you’ll first need to register on one of many reputable crypto exchange platforms, with our recommendation being eToro.
Can you buy crypto with ASB Bank?
What is ASB Bank’s crypto policy?
ASB Bank doesn’t support the buying or selling of cryptocurrencies through its services. However, their clients can still hold crypto acquired through other means.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
