Summary: ASB Bank allows customers to invest in crypto by supporting NZD transfers to regulated exchanges. While it doesn’t offer direct trading, the bank enables seamless deposits to platforms that comply with New Zealand’s financial standards.
Bybit is the top choice for ASB users, offering fast, free NZD deposits and access to over 1,000 cryptocurrencies. With tools like staking, derivatives trading, and an NFT marketplace, it caters to both new and advanced investors.
- Instant and free NZD deposits from any New Zealand bank, debit or credit card.
- Buy 1,000+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 20 million users worldwide.
Can I Buy Bitcoin with ASB Bank?
Yes, ASB Bank allows customers to fund accounts on licensed crypto exchanges through secure NZD transfers. While it doesn’t offer crypto trading directly, it supports transfers to Financial Markets Authority (FMA) compliant platforms.
ASB users can safely buy assets like Bitcoin, Ethereum, and Tether using approved exchanges in New Zealand. Sticking with regulated providers ensures legal compliance and financial protection.
How to Buy Crypto with ASB Bank
ASB customers can buy crypto by depositing NZD to FMA-compliant platforms like Bybit. This exchange offers strong security, transparent fees, and access to over 1,000 digital assets.
Bybit supports various payment methods, including ASB bank transfers, debit or credit cards, and PayPal. It’s a flexible platform that suits both first-time buyers and experienced investors.
To get started:
- Create an Account: Sign up on Bybit and complete ID verification.
- Choose a Payment Method: Go to "Buy Crypto" and pick a deposit option compatible with ASB Bank.
- Select NZD as Your Currency: Set NZD as your funding currency and find your desired crypto.
- Make the Purchase: Enter the amount you want to invest and confirm your transaction.
ASB Bank Cryptocurrency Policy
ASB Bank allows NZD transfers to authorized crypto exchanges but does not provide direct trading or custodial services. Customers are advised to use platforms regulated by the Financial Markets Authority (FMA).
By working with FMA-compliant providers, ASB helps maintain safe, transparent access to the digital asset space. This approach keeps investors in line with New Zealand’s financial laws.
Bybit is a trusted choice for ASB clients, offering strong global compliance, regular security audits, and strict KYC/AML protocols. It provides a secure entry point into the crypto market for Kiwi investors.
Digital Asset Investment Fees
If you’re using ASB Bank to fund your crypto account, here’s what to expect in terms of common fees on trusted platforms like Bybit:
- Deposit Fees: Bank transfers in NZD from ASB are typically free. Card payments and other methods may come with processing fees based on the provider.
- Trading Fees: Bybit charges a flat 0.1% fee per trade, offering one of the lowest rates among major global exchanges.
- Withdrawal Fees: These vary depending on the cryptocurrency. For example, Bitcoin withdrawals usually cost around 0.0005 BTC.
Bybit’s low trading costs and free NZD deposit options make it a cost-efficient choice for ASB customers looking to buy, sell, and invest in crypto.
What is ASB Bank?
ASB Bank, established in 1847, is one of New Zealand’s oldest and most trusted financial institutions. It offers a wide range of services for personal, business, and rural banking, including savings, loans, and investments.
Through its strong digital infrastructure, ASB enables seamless NZD transfers to crypto exchanges approved by the Financial Markets Authority (FMA). This gives customers a compliant and efficient path to access digital assets.
Known for its innovation and community focus, ASB continues to modernize financial access, making it a reliable banking partner for New Zealanders entering the cryptocurrency market.
Best Alternative Crypto Exchanges for ASB Bank Users
While Bybit is the top choice for ASB Bank customers, there are other trusted exchanges that support NZD payments and follow Financial Markets Authority (FMA) standards.
Top alternatives include:
- Easy Crypto: A New Zealand-based platform offering instant NZD deposits, local support, and direct wallet delivery of assets.
- Binance (via P2P): Though it doesn’t support direct NZD deposits, its peer-to-peer platform allows Kiwis to trade securely with verified sellers.
- Crypto.com: Supports NZD via card and third-party methods, and provides an easy mobile experience for buying and staking crypto.
Each exchange offers unique features, from speed to staking tools, and is compatible with ASB bank transfers. Always choose an FMA-compliant platform for secure investing.
Final Thoughts
ASB Bank doesn’t offer direct crypto trading, but it allows secure NZD transfers to FMA-compliant exchanges. This gives New Zealand investors a safe and regulated way to access the crypto market.
Bybit stands out for ASB customers with free NZD deposits, over 1,000 tradeable assets, and low fees. Its advanced tools, like staking, derivatives, and lending, make it a strong option for both casual and experienced crypto traders.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
