Category: How-to

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How-to Independent Reserve

How to Open an Account on Independent Reserve in Australia

Starting your personal or corporate crypto journey with Independent Reserve is incredibly easy and fast. Follow the steps below to create your account and buy your crypto within minutes.

Click here to sign up and follow the steps below:

Select Your Account Type:

  • Personal
  • Company
  • Super Fund
  • Trust

Complete the form with name, email and Australia residential address. Click confirm email, go to your email and copy/paste the code into the box.

Optionally confirm your phone number by SMS and setup your 2-AUTH login.

Complete Your KYC

Click FastTrack – this is instant verification. If this works you’ll be able to deposit and trade straightaway; however, you’ll need to complete full verification to do withdrawals.

If this fails you will need to manually upload ID documents and wait for approval before you can start using your account.

That’s it. Now you’re ready to deposit and start trading!

Deposit Using AUD

To deposit AUD, you’ll need to add your bank account.

Choose between:

  • Australian bank transfers
  • PayID instant bank deposits
  • Non-Australian bank

We’ll go with PayID as the deposit processes instantly, whereas a bank transfer usually takes some time. To deposit using PayID, simply add your phone number and click Confirm. Click Deposit on the AUD row in the table, and use your mobile phone banking app to send the amount to the PayID email and reference number. Note there is a $2.50 fee for deposits less than A$1,000.

How to Transfer Using PayID

In this example, we’ll use the CBA mobile banking app to deposit into our Independent Reserve account. To do this, open your banking app, select Pay someone, enter their email address, enter the amount you want to deposit and the reference code. The AUD should show in your IR account instantly.

Deposit Using Crypto

To deposit in crypto, simply click Deposit on the crypto you want. We’ll use BTC in this example. Then send the crypto to the address shown (or via QR code scan).

That’s it! Now you’re ready to start trading.

Buying BTC with AUD

Buying bitcoin (BTC) with your deposited AUD is straightforward. Just click Trade on the main menu. Enter the amount of BTC you want (or AUD equivalent) and click Preview buy order. Then confirm the trade and the BTC balance should appear under Accounts.

Trading BTC for Another Crypto

On Independent Reserve you can’t trade directly between different cryptocurrencies. To do this you have to sell back into AUD and then buy the crypto.

In this example, we’ll sell our BTC back into AUD and then buy Cardano (ADA). To do this, click Buy/Sell on the main menu. Next sell the BTC for AUD, then click Buy ADA and confirm the buy. The ADA balance should now show on your accounts page.

Happy trading!

Categories
Crypto.com Cryptocurrency Tax How-to

How to Prepare Your Crypto Tax Return Data Using Crypto.com Software

In this guide we will show you how to get your crypto data imported and organised all in one place ready to send to your accountant to help with your tax return.

Firstly, go to Crypto.com Tax webpage and sign up for free.

Once you’ve signed up and logged in, you’ll need to add the crypto exchanges & wallets that you use. In this example, we’ll use Coinjar exchange.

Click Wallets & Exchanges and then Add Wallet/Exchange +.

Select CoinJar, enter a name for your exchange ie CoinJar Personal Account, then select API Sync and confirm.

You’ll be prompted to login into CoinJar to give read only access and then it will redirect you back to crypto.com website.

The data sync could take a couple of minutes to complete. Once it’s done you might see that there are transaction issues that need fixing. To fix these click the Issues tab and then purchase history transactions or uncategorised.

Click Edit to update the details of the transactions to fix any issues.

In the case of missing purchase history errors (in red), this could be that the fee isn’t being picked up. In this case, the BTC was purchased with a fee included in the amount.

In this case, you can just ignore this error. We’ll confirm with Crypto.com but it seems this error is incorrect.

Fixing transaction issues

To fix any outstanding issues with the transactions you can filter them by date or issue type.

An important one to do is the Uncategorised transactions. Use the filter to show them, and then click Edit.

Then enter the details for the transaction. In this example, it was a transfer from one exchange to another. If the other exchange is not added, then you’ll need to add it to select it. If you don’t know what the fees were then you’ll need to find the blockchain transaction; you can find the transaction id on your Coinjar history.

Generating tax reports

Once you’ve fixed up all the outstanding issues you can generate your tax reports by clicking Tax Reports.

This will export your tax reports into CSV format, which you can then send to your accountant to help prepare your tax return.

If you don’t have an accountant, then check out our guide on the Top 10 Crypto Tax Accountants in Australia.

If you need help using the Crypto.com tax software, then check out our troubleshooting section below or use the following links.

Troubleshooting

Tax software is an extremely hard thing to build as there are so many moving parts, and you may encounter errors when importing from different exchanges and wallets. We will try to update the section below to help diagnose and fix these errors.

Custom Data Import Error

When importing custom data (Crypto.com Tax CSV), we encountered this error.

“Invalid amount format in csv report: null”

If you’re using the Crypto.com Tax CSV format, then use the sample template CSV and check the supported values for each column are correct as per the instructions on the Data Import help article.

Failed API Sync Error

When connecting CoinJar we encountered this error:

“Sync failed. Please try again”

To fix this simply click the Sync button. After clicking it, wait a minute or so and if it fails, repeat the click and wait again until it works.

Categories
How-to Salt

How to Claim a Refund From the SALT Lending 2017 ICO

Here is some commentary about the process of claiming back your investment into the SALT Lending ICO.

Backstory

SALT Lending – a crypto lending platform, had a long battle with the SEC regarding an ICO it ran back in 2017 (raising US$47 million by selling SALT tokens) without having permission… And now, three years later, they are finally refunding that money back to the investors.

Eligibility

“all persons and entities that purchased SALT Tokens from the Company before and including December 31, 2019 (the “SALT Token ICO” or “ICO”)”

SALT Lending

Claim process

Below is our experience of the claims process. There is also a claims process FAQ page which may be helpful.

  1. Go to saltoffer.com
  2. Fill out the 8 step form (steps below)

Personal information step

Straight forward.

Salt token purchase information step

Information pertaining to your purchase(s) of SALT Token(s) can be found by logging onto the SALT website platform at https://borrower.saltlending.com/login

The transaction dates, amounts and addresses are clearly displayed on the site which is useful. If your tokens are not held on the official platform, I feel for you, especially if that information easily accessible. You’ll have to go through your devices and platforms and grab the addresses and TXids. It’s also worth taking screenshots of them too as you’ll need to upload them at a later step.

Salt token holding information step

Because of the ID verification error, there is no deposit address to enter into the held input box…. or no option to say they are held on the platform. It’s almost like they are forcing you to verify again on the platform before you can continue with the form. Not cool.

SALT is held in the official account but it doesn’t have an option to select that…
Can’t view address for SALT holdings…

After doing the identify verification which included a biometric face analysis. The system status is “verification pending” which means you cannot proceed with the claim form until this is completed, and it doesn’t say how long it will take. Fail.

Stuck waiting until ID verification completes…

But the ID was verified within 5-10 minutes I got an email from them. And was able to enter the deposit address as the holding address of the tokens.

ID documentation step

Even though I just verified myself on the official platform, they still are asking for ID verification documents.

The information regarding the token transfers is very vague. I guess they want a screenshot of the blockchain wallet used? How can you prove ownership of a blockchain wallet unless you show your private keys? The only way you can prove they are the same tokens is by tracking the blockchain transfers – which are already public! Surely they can track this using their systems?

“For claims involving SALT Tokens in a Claimant’s possession, and that were never sold, information sufficient to show that the SALT Tokens currently held are the same SALT Tokens purchased during the ICO.”

As all the tokens i purchased were directly from SALT and they are held there, I just took screenshots of the transaction history on the platform.

Payment information step

It doesn’t ask for payment details, just the method you want to receive.

Then once you submit the form, an email was received within minutes with the full form as a PDF attached.

“Your E-Claim Form has been successfully submitted.

You will be contacted by Prime Clerk LLC, the Company’s Claims Agent at the e-mail address on record with the Company. Please note that this confirmation of submission does not constitute a representation as to the validity of your claim.”

SALT Lending

Now the waiting game… Stay tuned for the outcome.

Categories
Crypto.com How-to NFTs

How to Buy, Sell and Transfer NFTs on Crypto.com

This article explains how to buy, sell and transfer NFTs on the popular NFT Marketplace by Crypto.com.

Launched in 2021, the Crypto.com NFT platform is committed to delivering unique content from top celebrities, artists, athletes and sports. They are already working with some big names such as Aston Martin, Boy George, Snoop Dogg, Lionel Richie, Boss Logic and more, to develop enthralling content for this new medium.

NFTs (Non-Fungible Tokens) are unique collectable crypto assets stored on the blockchain to verify ownership. The tokens can be used to represent any type of real world or virtual item including artwork, video games items and land/real estate, music, digital trading cards, real-world tokenized assets, video footage and many more.

Crypto.com NFT allows users to browse NFTs in fiat currency, make purchases by using their credit/debit card,Crypto.com Pay via the Crypto.com App, or a wallet that supports ERC20 tokens (ex. Metamask, WalletConnect).

How to buy an NFT

  1. Go to Crypto.com NFT Marketplace.
  2. Click “Sign Up” to create a free account.
  3. Choose a username and password and complete the sign up by verifying your email address.
  4. Browse the NFT marketplace items and choose an item which you want to buy and click “Select” then “Buy for $x”. If the item is on a bidding auction, you can place a bid (similar to eBay).
  5. Choose your payment option (Credit/Debit Card or Crypto.com Pay) and confirm your payment.
  6. Once the on-chain transaction has completed, the item will appear in your account in “Collectables” tab. Click “My NFTs” to see it.

How to sell an NFT

  1. Login to your Crypto.com NFT Marketplace account.
  2. Click “My NFTs” and go to the “Collectables” tab.
  3. Select the item you wish to sell and click “Sell”.
  4. Select one of the 2 pricing models:

Fixed price model

  1. The seller sets a fixed price for the item.
  2. The buyer purchases the item at its fixed price.

Auction model

  1. The seller puts an item up for auction by inputting the end date and minimum bidding amount.
  2. The buyer places a bid, which has to be higher than the previous highest bid by 5% or $10, whichever is higher. Bids can only be made in cryptocurrency through Crypto.com Pay (credit/debit cards not supported currently) and full payment is required upfront. If a bidder gets outbid, the amount will be refunded immediately in the currency the purchase was made through Crypto.com Pay. The highest bidder cannot cancel his/her bid.
  3. Sellers can choose to end the auction earlier by a) cancelling the auction, and the current top bidder gets a refund or b) terminating the auction early, and the current top bidder wins the bid**. When the auction ends, the current top bidder wins the bid. If it ends without any bids, the item goes back to “Not for sale” status.

How to transfer an NFT

The transfer feature is coming soon.

Available Payment Methods

The Crypto.com Marketplace currently supports the following payment methods:

  • Pay with Credit/Debit Card
  • Pay with Crypto (BTC, ETH, DOGE using Crypto.com pay)
  • Pay using Crypto.com App
  • Pay using Metamask Brave Browser Wallet

Further Help

For further help check out the Crypto.com NFT support page or watch the video below.

Categories
Bitcoin Bitcoin Casino Gambling Gaming How-to

How to Deposit Bitcoin into Your Bitcoin.com Games Account

Bitcoin.com
Bitcoin.com

In this article, we’ll explain how to deposit Bitcoin in the popular online Casino provided by Bitcoin.com Games.

You can deposit either Bitcoin (BTC) or Bitcoin Cash (BCH) which can both be used to play all the games. If you don’t have any Bitcoin to deposit you can also buy it on their website using the instructions below.

  1. How to Deposit BTC
  2. How to Buy BTC through the Website

How to Deposit BTC

Follow these instructions to deposit Bitcoin into Bitcoin.com Games from an external wallet to your account.

  • Login to your account
  • Click Deposit button (top right)
  • To deposit BTC, first copy the deposit BTC address, then send your BTC to this address
  • Or to deposit BCH, click Convert Coins and then send your BCH to automatically get BTC into your account
  • After 10-15 minutes (depending on the Bitcoin blockchain waiting time) you should see the deposit incoming on your account page’s Deposit History tab.
  • You can refresh the transaction by clicking the Refresh button.
  • When the transaction is completed the funds should show in your account as credited.

That’s it! You can now use your funds to play the Games such as Pokies or Roulette.

How to Buy BTC Directly

You can also buy BTC directly through Bitcoin.com Games.

Some notes:

  • They use a 3rd party provider called MoonPay.
  • Minimum deposit of $30 AUD.
  • There is quite a big spread on the Bitcoin price. See MoonPay fees for more details.
  • The process takes about 10-15 minutes to completed funds received in the account.
  • Login to your account
  • Click Deposit button (top right)
  • Click Use Credit Card
  • Enter the dollar amount you wish to deposit
  • Follow the steps to create a Moonpay account (if you don’t already have one).
  • Once your order is placed you should get an email with the transaction details.
  • It should take around 10-15 minutes for the funds to be available in your account.

That’s it! You can now use your funds to play the Games.

Categories
Australia Binance How-to

How To Get A Crypto Backed Loan With Binance

A Bitcoin backed loan this is similar to any other loan, however with this type of loan you can borrow Cryptocurrency and use your existing Bitcoin as collateral against the borrowing.

This crypto loan is provided by Binance and you can use your existing Binance account to apply. All registered Binance users can apply without any lengthy forms to fill in, and what’s best is that it’s approved instantly.

How A Crypto Backed Loan works

The process is simple – you lend your Bitcoin to Binance for a specific amount of time (say 30 days) and in return they lend you crypto. You pay hourly interest for the loan in Bitcoin. If the price of Bitcoin drops suddenly, you can simply top up your loan collateral to keep the amount borrowed to below 65% to avoid your loan being liquidated.

  • Coin Borrowed = The crypto that you borrowed from the loan.
  • Collateral Coin = The crypto that you used to fund for the loan.

In the example below we are borrowing $100 USD worth of BUSD for 30 days and using Bitcoin (BTC) to fund the loan as crypto collateral. BUSD is a stablecoin like USDT, but it is run by Binance.

Steps to Apply for a Bitcoin Backed Loan

  1. Login to your Binance Account
  2. Select Finance > Loans from the main menu
  1. Select the Coin you wish to borrow (you can borrow lots of different cryptos including stablecoins USDT and BUSD, see below full list of coins you can borrow).
  2. Enter the Amount you wish to borrow.
  3. Select how long you want to borrow it for (can be 7 days, 14 days, 30 days, 90 days or 180 days). The interest rates will change depending on the duration chosen.
Crypto loan application form
  1. Once your ready, click Start Borrowing Now
  2. Read and agree to the Terms & Conditions
Approved crypto loan of BUSD using BTC as collateral

That’s it! You should now see +100 BUSD in your Spot Wallet account and also the BTC deducted from your balance to be held in the loan.

How To Adjust the LTV Risk Level?

The loan to value ratio (LTV) shows your risk level of the percentage your borrowed compared to the coin you lent. To have less risk you can lower this value to below 65% and add more BTC as collateral, which will reduce the likelihood of a margin call should the Bitcoin price drop suddenly.

Adjust your LTV risk level

How Much Can You Borrow?

You can check the Crypto Asset Loan Data to see the minimum/maximum lending amounts for each coin and the interest rates for the lending pair.

how-to-bitcoin-backed-loan-binance-0
Crypto Loan Data Table

How Do You Pay the Interest?

The total interest for the period is added to your Collateral Coin value when you apply for the loan, so apart from the potential margin call there is no additional payments. The fees get automatically gets deducted (paid as interest) hourly at the rate agreed on (when you applied for the loan).

How Do You Close The Loan?

You can repay (close) the loan at any time without extra fees by simply clicking the Repay button. Select the amount you wish to repay (say 100%) and confirm the payment. This is an instant and simple process.

Repay and close the loan

How Does the Margin Call Work?

If the Collateral Coin drops in value compared to the Coin Borrowed, you may get a “margin call” which you will have to deposit more Collateral Coin to adjust the LTV back to a normal risk level (say below 65%)

What Cryptos can I borrow and lend?

Binance Loanable Coins List

You can currently borrow the following coins:

USDT, BUSD, BUSD, BNB, BNB, FIL, FIL, BCH, BCH, ADA, ADA, MITH, MITH, 1INCH, 1INCH, RUB, RUB, NBS, NBS, BTS, BTS, XMR, XMR, GRT, GRT, TRX, TRX, LTC, LTC, DOT, DOT, CHZ, CHZ, GBP, GBP, XRP, XRP, ZEN, ZEN, EUR, EUR, DASH, DASH, AKRO, AKRO, ETH, ETH, BTC, BTC, KAVA, KAVA, CTK, CTK, FLM, FLM, UNI, UNI, LINK, LINK, DAI, DAI, SXP, SXP, STORJ, STORJ, ONT, ONT, NEO, NEO, JST, JST

You can currently lend the following coins as collateral:

BNB, BTC, BUSD, DAI, DOT, EOS, ETH, EUR, LINK, LTC, USDC, USDT, XRP, XTZ

What Happens If I get Liquidated?

Liquidation can occur if the Collateral Coin’s total value is equal to the Borrowed Coin’s value. If this happens the loan is liquidated where the Collateral Coin is automatically sold to pay for the Borrowed Coin’s value and the loan is closed. There is no additional steps for you and you’ll be notified of the liquidation. You still keep the originally Borrowed Coin from the loan and don’t need to pay that back.

Can You Trade or Withdraw Borrowed Crypto?

Yes, you can trade on Binance using the loan borrowed crypto in both spot and margin trading. Yes, you can withdraw them as well.

What Are The Tax Implications?

Coming soon. We’ll update this section from Tax Accountant advice soon.

Categories
Bitcoin Coinjar How-to

How to Buy Bitcoin with a Mobile Phone

How to Buy Bitcoin with a Mobile Phone
How to Buy Bitcoin with a Mobile Phone

A smartphone is enough to purchase Bitcoin. You don’t need to have a laptop or a desktop PC to get the job done. This step-by-step guide will show you how to buy Bitcoin from your mobile phone, with a focus on the popular Australian platform CoinJar.

If you are approaching Bitcoin for the first time and you are not sure about how it all works, you might want to read about what Bitcoin is and an introduction to buying Bitcoin before going ahead.

1. Accessing your account

In order to buy Bitcoin (BTC), first of all you need to have a CoinJar account. Read our comprehensive guide on how to setup a Bitcoin account with CoinJar for instructions on how to set up a new account.

CoinJar Australia homepage
CoinJar Australia homepage
CoinJar Australia app download
CoinJar Australia app download

CoinJar homepage encourages to proceed installing their app on smartphone, however it is also possible to proceed to a more traditional login page. Their app is available on the Google Play Store for Android devices, as well as on the Apple App Store for those using an iPhone.

2. Depositing funds

From within the CoinJar mobile app, the next step is to have funds available in the CoinJar wallet. If you don’t have any funds available (or not enough for your desired BTC amount), click Deposit from the app main screen (dashboard). You can use different methods for that, for example BPAY (like a utility bill) or PayID from your Australian bank account.

Note: some banks might block transfers related to cryptocurrency purchases.

CoinJar Australia app dashboard
CoinJar Australia app dashboard
CoinJar Australia app Deposit Method
CoinJar Australia app Deposit Method

3. Buying Bitcoin

The last step is to actually purchase Bitcoin using funds in your “Cash Account”. For this, click on “Everyday Bitcoin” from the mobile app dashboard. This also shows previous transactions. Then click on “Buy”.

Alternatively, click on “Convert” from the CoinJar app dashboard. When prompted for “Convert from”, select “Cash Account”; then for “Convert to” select “Everyday Bitcoin”. Enter the desired amount and hit “Next” to proceed.

CoinJar Australia app Everyday Bitcoin
CoinJar Australia app Everyday Bitcoin
CoinJar Australia app AUD to BTC

Bitcoin Mobile Apps

Many platforms in Australia provide apps to buy Bitcoin using your phone, here is a selection of some of the best ones.

Coinjar

CoinJar is one of Australia’s longest running cryptocurrency platforms, offering exchange and hosted wallet services. Both the CoinJar website and iOS and Android mobile apps have excellent design and are easy to use, especially for beginners.

Feel free to read our review of CoinJar for more details.

Swyftx

Swyftx is a Brisbane-based and AUSTRAC-registered Australian crypto currency exchange and trading platform. They have a website optimised for mobile usage, as well as apps available for download on both Android and iOS. Swyftx offers outstanding customer support coupled with low fees, making it appealing for buying cryptos.

Check out our review of Swyftx for more information.

Binance

Binance offers one of the largest cryptocurrency exchanges in the world in terms of trading volume. They offer apps for Android and iOS, supporting AUD deposits and withdrawals for personal accounts which are instant and have no fees through PayID/Osko. Thanks to very low fees and advanced features, they are a great choice for trading cryptos.

Read more about Binance in our review of Binance for more details.

Buy Bitcoin with Mobile Recharge

Some providers provide a way to buy Bitcoin with direct peer-to-peer exchange through LocalBitcoins. This may be useful for those countries who buy Bitcoin using their phone bill recharge, we have found the fees to be quite high for these services. If you’re interested, firstly you’ll need a digital wallet to store your Bitcoins. Feel free to read our article featuring some of the best Bitcoin mobile wallets.

Conclusions

As shown in this guide, buying Bitcoin from a mobile phone is pretty straightforward. Exchanges like CoinJar offer a great user experience on the phone with highly rated beginner friendly reviews.

Categories
Bitcoin Bitcoin Casino Bitcoin.com Games How-to

How to Play Roulette Online With Bitcoin (Free & Real Money)

Playing roulette online is very similar to the real table game, the only difference is that the table is virtual on-screen, and there are no other people to get in your way! Allowing you to have a fast game and get straight into the action from the comfort of your own home.

Online Roulette Table Game

The rules online are pretty much the same as you can place bets on numbers 1 to 36, zero (0), double zero (00), 1 to 18, 19 to 26, 1st Twelve, 2nd Twelve, 3rd Twelve, Street, Basket, Corner, red or black and even or odd. With the objective being to pick the number slot where the ball lands.

Online Roulette Spinning In Action

How to Play Roulette Online With Bitcoin

You can play online roulette with Bitcoin (BTC) or Bitcoin Cash (BCH) by following the instructions below:

  1. Go to the Bitcoin Games website
  2. Deposit some Bitcoin into your account
  3. Select Exclusive Games
  4. Select Roulette
  5. Click “Play Now”
  6. Have fun!
Online Bitcoin Roulette – Select your numbers
Online Bitcoin Roulette – Select your bet size

Useful information (if playing with Bitcoin):

  • If you cannot place bets, it could be that your BTC balance has run out so you will need to top-up to continue playing.
  • You can check your games report history to see your previous wins and losses.

How to Play Roulette Online For Free

  1. Go to the Bitcoin Games website
  2. Select Table Games
  3. Select American Roulette
  4. Click “Free Play”
  5. Have fun!

Online Roulette Game Types

Different roulette games available to play online

There are 3 different variations of roulette you can play which have slightly different tables and rules.

  • Roulette (exclusive game – play with Bitcoin)
  • French Roulette (play with Bitcoin or Free play)
  • American Roulette (play with Bitcoin or Free play)

Conclusions

Playing games online can be a fun way to enjoy your time and win Bitcoin while you’re at it, especially if you’re stuck inside. There are other games available to play including: Pokies, Keno, Blackjack, Poker and Craps.

Gambling Addiction Support

Gambling addiction is a real problem for some people – if you need help please call the Australian Gambling Hotline 1800 858 858 or visit gamblinghelponline.org.au for support.

Categories
How-to Trading

How to Get Diversified Exposure to 50 Different Coins with FTX Futures Markets

In this article, we’ll cover how to get exposure to groups of markets instantly by using FTX Perpetual Futures markets. Which could be a useful way to get exposure without all the hassle of buying the individual assets.

Available markets of interest:

  • SHIT-PERP (index for a group of coins with lower marketcap often referred to as “shitcoins”).
  • DEFI-PERP (index for a group of coins associated with DeFi).
  • EXCH-PERP (index for a group of coins associated with Exchanges).

You can view a list of included coins for each group.

FTX Futures Index Markets

The markets indexes are calculated as a percentage of the median. ie the quantities of the specific coins held are balanced out to get a good spread of coverage between the coins in the index.

Example of the Shitcoin Index

You can trade both up and down on the SHIT-PERP market, which tracks the price of a basket of low-market-cap coins, using a weighed average of their prices. Get diversified exposure to 50 different coins with one future!

FTX Futures Shitcoin Index

If you’re unsure on what futures are, then you can read about them here.

Categories
Binance How-to

How to Deposit AUD into Binance Australia via PayID/Osko

Use these instructions below to deposit AUD into your Binance account. You can deposit AUD either using your computer or mobile app.

If you don’t have a Binance account, you can register one for free in just a few minutes.

Click on the images to make them bigger.

Deposit using your Computer

Log into your Binance account and click the “Deposit AUD” button.

Click the “Fiat” tab and then select PayID/Osko, enter your deposit amount and click “Continue”.

Follow the PayId instructions (shown on the right) using your mobile phone banking app.

For example if you’re a CBA customer you would do the following:

  1. Open the CommBank mobile app.
  2. Select “Pay someone”.
  3. Tap the + icon (top right).
  4. Select “show more”, then select “email address”.
  5. Enter the PayId as an email address (ie [email protected]).
  6. Enter the amount (ie $50).
  7. Enter description (ie Binance).
  8. Click “send”.

When your deposit has been cleared by your bank it will show in the AUD Fiat Balances area on the Fiat and Spot page.

If you have paid money to this account before, the payment will appear in less than a minute. First time payments to a new payee may be delayed for up to 24 hours as a security measure.

Deposit using your Mobile App

To deposit AUD using your mobile simply download the Binance Mobile App and login. Then select “Deposit AUD”.

Enter your deposit amount and click “Continue”. Then copy the PayId email address shown (ie [email protected]).

Open your mobile banking app, select “pay someone” and enter the email address shown on the Binance app (paste the email by holding down your finger down in the email address input field, then select “paste”).

Enter the same amount you entered into the Binance app. Description can be “binance”.

When your deposit has been cleared by your bank it will show in the Wallets page in the App.

If you have paid money to this account before, the payment will appear in less than a minute. First time payments to a new payee may be delayed for up to 24 hours as a security measure.

Need Help?

Please note that this is for Australian Binance customers only. If your account was registered overseas, you’ll have to open a support request to change it to Australia.