Buying Cryptocurrency and Bitcoin with ASB Bank

The best way to buy Bitcoin in New Zealand for ASB Bank customers is through SwyftX

If you just recently developed an interest in the crypto world, you may want to find any way possible for you to hold a position in this non-fiat currency.

While you may want to choose your bank to help you navigate through cryptocurrency, we recommend against that for now. Currently, ASB bank’s crypto trading and support for this digital asset is still not at its best state. To have a secure, smooth, and reliable trading experience with your first crypto purchase, you’ll want to choose a dedicated crypto exchange platform to help you with this process instead.


So, yes, cryptocurrency isn’t 100% supported in ASB bank’s app or website. This means that trading popular cryptocurrency like Ethereum, Bitcoin, Cardano, Dogecoin and Ripple are much harder to do with these banks than with top crypto platforms. In addition, there’s also the risk that the bank will be suspicious of the movement of your cryptocurrency, which can lead to a frozen account or an overbearing clarification process.


With that out of the way, your best bet is to choose a reliable crypto exchange platform like SwyftX instead.


For New Zealanders who want to buy Bitcoin, we recommend Swytx since it’s one of Australia’s very own cryptocurrency exchange platforms. On top of that, it’s secure, reliable, and has over 200+ cryptocurrency you can pick and choose from—including the hot ones!


Here’s how.


SwyftX is considered to be one of Australia’s most popular cryptocurrency exchanges. There’s next to no reason not to rely on the service as a way to build your portfolio with over 250 crypto assets. Moreover, it’s also one of Australia’s oldest cryptocurrency exchange platforms.


If you want to get started, you can use any local currency like the AUD or NZD to start investing in cryptocurrency through SwyftX. Using SwyftX can save you from incurring any expensive exchange rates that you could be shilling out in other global crypto platforms.


If you want to buy through an ASB Bank account, SwyftX is a viable option for that as well. SwyftX’s fees are quite low, which means you won’t have to worry about getting charged a significant amount with Swyftx’s negligible fees in your first cryptocurrency investment.


As a conclusion, SwyftX is  the leading crypto exchange platform to buy cryptocurrency with ASN bank customers. Whether you buy Bitcoin, Ethereum, Cardano, or any other of the 200+ listed cryptocurrencies available in their platform, you’re sure to have a secure and happy experience.


Buying Bitcoin in New Zealand with ASB Bank through Swyftx 


Here are the steps to proceed buying Bitcoin in Swyftx. This shouldn’t take longer than 10 minutes, and the verification process will take no longer than a day if not at once.


  1. Open and Create and Register an Account
  2. Set up Two-factor Authentication or 2FA
  3. Verify the Necessary Personal (or Business) Details with Swyftx
  4. Deposit an NZD Amount into Your Swyftx Account with ASB Bank
  5. Navigate to the Trade Page
  6. Choose Your Cryptocurrency to Buy
  7. Choose Your NZD Amount to Buy Bitcoin
  8. Confirm Your Order and Commit to Buy Bitcoin


Following these steps, you’ll be on your way to buying Bitcoin through ASB Bank. Enjoy your new crypto purchase.


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