Australian bank account (crypto firendly)

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Blackcrypto

🗣️ Loud Newcomer
Oct 30, 2021
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Hey eveyone,

I have been searching for a way to open an Australian bank account "crypto-friendly", because we sell bitcoin for fiat currencies and we want to add AUD.
Is there a bank that offers an Australian bank account "crypto-friendly" and has good prices?
 
You won't be able to open a bank account with a local bank unless it's an Australian business, and for that kind of activity you would probably need a financial services licence and registration with AUSTRAC. Your best option would be to partner with a payment processor.
 
Battura said:
You won't be able to open a bank account with a local bank unless it's an Australian business, and for that kind of activity you would probably need a financial services licence and registration with AUSTRAC. Your best option would be to partner with a payment processor.
Click to expand...

Any suggestion?
 
Not an area I know much about, but you can try looking at who some of the major exchanges use. For example, FTX uses a company called OmiPay. I'm sure there's several others.
 
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