Aussie Crypto purchasing

[Wheelhouse87]

Hey guys,
I know this is Source talk section but it's also an Aussie section so I think it needs to be asked here.
I've finally signed up with Crypto to purchase off vendors.
Tried one app and it was a bloody nightmare to get verified and then I tried Exodus which I have been suggested on here before & it was very easy to set up for anyone else that is computer illiterate like myself .

My new issue is that I made a small purchase 2 weeks ago and sent to a vendor with no dramas.
Today tried to purchase $350 for another purchase with a vendor and Commbank has declined it every time! After speaking with them they are saying it's due to their "New Crypto policy" which is bullshit as its my money to start with.
My question is - which Aussie bank are you with or which bank does not have these bullshit restrictions so I can effortlessly buy crypto when needed.

Cheers

 

[Wubzy1989]

I bank with Westpac and Revolut and never had an issue.

 

[Grumpy]

Hey guys,
I know this is Source talk section but it's also an Aussie section so I think it needs to be asked here.
I've finally signed up with Crypto to purchase off vendors.
Tried one app and it was a bloody nightmare to get verified and then I tried Exodus which I have been suggested on here before & it was very easy to set up for anyone else that is computer illiterate like myself .

My new issue is that I made a small purchase 2 weeks ago and sent to a vendor with no dramas.
Today tried to purchase $350 for another purchase with a vendor and Commbank has declined it every time! After speaking with them they are saying it's due to their "New Crypto policy" which is bullshit as its my money to start with.
My question is - which Aussie bank are you with or which bank does not have these bullshit restrictions so I can effortlessly buy crypto when needed.

Cheers

Same issue I've been having with commbank

 

[Buddachops]

I use Coinspot with Suncorp and haven't had any issues

 

[DropSet]

The Aussie banks are a pain you will usually get flagged if you send straight from coinspot to venders aswell i use coinspot then send it to my exodus wallet then send from there

 

[Yuri]

@Wheelhouse87 hey brother did buy the crypto on exodus app using moonpay ad the payment method? Weird how comm-bank let the first one go though but then denied the second

If you having issues you may need to set up a 2nd system like the others mention (say: coinspot or any major crypto exchange)

1: Buy crypto on coinspot (comm bank should let that go though if you verify it)
2: From coinspot > transfer that to exodus
3: From exodus send crypto to vendor

 

[Wheelhouse87]

Same issue I've been having with commbank

Glad I'm not the only one. Doing my head in!
I have another account with Newcastle permanent for my business & I'm going to transfer the money to that card tomorrow and see if I have the same issue.

 

[Wheelhouse87]

@Wheelhouse87 hey brother did buy the crypto on exodus app using moonpay ad the payment method? Weird how comm-bank let the first one go though but then denied the second

If you having issues you may need to set up a 2nd system like the others mention (say: coinspot or any major crypto exchange)

1: Buy crypto on coinspot (comm bank should let that go though if you verify it)
2: From coinspot > transfer that to exodus
3: From exodus send crypto to vendor

Weirdly enough it asked me to verify myself again this time.
I thought I only had to get verified once but I think the first time was Moonpay but this time it automatically took me to "Banza"? To buy it but it said I had to be verified because it was the first time (but I'd purchased BTC of exodus 2 weeks prior)
I might have to look into the other option you mentioned but it's starting to get hard for a computer illiterate bloke like myself

 

[Yuri]

Weirdly enough it asked me to verify myself again this time.
I thought I only had to get verified once but I think the first time was Moonpay but this time it automatically took me to "Banza"? To buy it but it said I had to be verified because it was the first time (but I'd purchased BTC of exodus 2 weeks prior)
I might have to look into the other option you mentioned but it's starting to get hard for a computer illiterate bloke like myself

Yeah bro sounds like a pain in the neck with the bank all round

And no stress bro we’re all here to help each other put in aus section! Sounds like they made you do it again and blocked it maybe becaue it didn’t go though moonpay > so now they think your need varifaction again

Try doing it again and select moonpay as they payment option on exodus and see if that works bro

If not then try other options, hola if it works

 

[Ragingking47222]

ANZ fucks me up every 3/4th order they block my card then I gotta call up and tell them it’s me this and that then another person to call me to verify then after 20mins they remove the ban

 

[willipede]

Interesting, ive been using com bank as my previous bank wont allow for any crypto no matter what

Comm bank has been fine but I haven't purched any for a little while

 

[Grumpy]

Glad I'm not the only one. Doing my head in!
I have another account with Newcastle permanent for my business & I'm going to transfer the money to that card tomorrow and see if I have the same issue.

Yer I'm the same have a business account with other banks but if they shut my business account it will really stuff me up so not sure it's a good idea

 

[willipede]

Just an idea, haven't tested it myself and will probably do this in future so I dont have the stress of worrying about the banks freezing my accounts

You should be able to buy prepaid Visa debit card with whatever amount and then pay via card to whatever vendor you use

 

[Grumpy]

Just an idea, haven't tested it myself and will probably do this in future so I dont have the stress of worrying about the banks freezing my accounts

You should be able to buy prepaid Visa debit card with whatever amount and then pay via card to whatever vendor you use

Thats an interesting idea for sure

 

[BigBoyLabs]

Coinspot is the go-to, friendly with most banks.

Provided your vendor uses a new BTC addy for every transaction, shouldn't ever have any issues.

 

[Wheelhouse87]

Quick update guys.
Took @Yuri advice and figured out Exodus kept changing the purchaser to Banxa when I had already been verified through Moonpay.
Figured how to change the purchase to Moonpay and it worked fine. Wasn't held up by commbank.

So maybe they just decline Banxa? I don't know but hopefully it helps others out with the same issue.

Cheers for the help guys

 

[Yuri]

Quick update guys.
Took @Yuri advice and figured out Exodus kept changing the purchaser to Banxa when I had already been verified through Moonpay.
Figured how to change the purchase to Moonpay and it worked fine. Wasn't held up by commbank.

So maybe they just decline Banxa? I don't know but hopefully it helps others out with the same issue.

Cheers for the help guys

Hell yeah bro good result yeh I thought it may have been something like that when you got it first time

Glad you got there big fella

 

[Ttomy]

Never had any issues with CoinSpot but I don’t trade with BTC.
BTC fees are way too high. I always trade with other coins like LTC.

 

[Snayaz]

These banks are a pain in the ass. It’s like now you need permission with your own money to do anything.

 

[Wheelhouse87]

Never had any issues with CoinSpot but I don’t trade with BTC.
BTC fees are way too high. I always trade with other coins like LTC.

Do vendors take LTC though? My understanding was the vendors only really want BTC.
I'm only using Crypto to purchase not actually trade or invest