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How to Withdraw Crypto-for-AUD to your Bank Account
How to Withdraw Crypto-for-AUD to your Bank Account

Learn how to cash out your crypto-for-AUD to your nominated Australian bank account using Bank Transfer or PayID.

Support avatar
Written by Support
Updated over a week ago

Hi there πŸ‘‹,
​
CryptoSpend is built on the New Payments Platform (NPP), this means that crypto-to-AUD payments happen within seconds! With CryptoSpend, you can easily withdraw your crypto-for-AUD into your own Australian bank account via BSB & Account Number or with your PayID.


Method: PayID

1. Tap on general button (CryptoSpend logo)

2. Tap "Cash Out"

3. Tap "PayID"

4. Type Bank Account Name & PayID details

5. Type in the amount in AUD you would like to cash out

6. Swipe up to confirm


Method: BSB & Account Number

1. Tap on the general button (CryptoSpend logo)

2. Tap "Cash Out"

3. Tap "BSB & Account Number"

4. Paste or type in BSB & Acc. details

5. Type in the amount in AUD you would like to cash out then tap "Next"

6. Type in the reason for the transaction

7. Swipe up to confirm

8. Done! Transaction is now successful!

9. You should be getting a notification from your bank notifying you of the transaction within seconds


​Note:

Please ONLY cash out/withdraw crypto-for-AUD into your personal bank account that shares the same FULL NAME as the one registered to your CryptoSpend account.

For every crypto-to-AUD transaction, there is a 2-3% transaction fee. There is also a limit of $10,000 per transaction, but there is no limit on how many transactions you can make per day.

If your BSB comes up as invalid, please double check with your bank to see if the account you are using supports NPP payments. If it does and the issue persists, please contact our support chat.


We hope you found this guide helpful!
​
If you have any questions, suggestions, or if you run into any issues, then feel free to contact us in the live-chat within the app or website! Our support team is available 24/7.

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