Deposit with your Debit or Credit Card today!
Introducing Card Deposits! CoinSpot has added Card Deposits to the growing list of AUD deposit options for users. Only available through the CoinSpot Website.
We have made it easy for users to make quick and secure AUD deposits to their CoinSpot account. Additionally, this provides our community with greater options and flexibility when choosing their preferred deposit method for funding their CoinSpot account.
Rather than depositing through a mobile banking app or internet banking page, you can now save your Debit or Credit card details to make AUD deposits directly into your account from the CoinSpot platform.
All deposits from Debit or Credit cards will be instant with a low fee of 1.22% per deposit. Below we have highlighted how you can start depositing using a Debit or Credit card today.
For instructions on how to complete Card Deposits via the CoinSpot Mobile app, please visit the article below:
What is in this article?
- How do I make a Card Deposit?
- What Cards do you accept?
- How fast are Card Deposits and what is the maximum I can deposit?
- Is there a fee for Card Deposit?
- Why is my Card Deposit failing to process?
How do I make a Card Deposit?
1. At the top of your Dashboard, select ‘Deposit Funds’.
Figure 1. Card Deposit - (Deposit Funds)
2. On the Deposit Funds page, select ‘Card Deposit’.
Figure 2. Card Deposit - (Card Deposit Button)
3. Enter the Deposit Amount(1) > Then press on CONTINUE TO Card Deposit Process(2).
⭑Optional: Select the checkbox to save your card details for faster future Card Deposits.
Please note, if deposits are made via Credit Cards, Bank Fees may apply.
Figure 3. Card Deposit - (Card Deposit Page)
4. You will be redirected to the Card Deposit Payment Portal.
Enter your Card Details(1) > Then select Pay(2).
Figure 4. Card Deposit - (Card Deposit Portal)
5. Complete the Captcha displayed.
Figure 5. Card Deposit - (Captcha)
6. Your banking institution may request you to verify the transaction.
An OTP will be sent to your mobile phone number.
Figure 6. Card Deposit - (Transaction Verification)
7. Congratulations, your Card Deposit has been successfully processed!
Figure 7. Card Deposit - (Card Deposit Processed)
You can check the status of your deposit in ‘View Deposit History’ within Deposit Funds.
Figure 8. Card Deposit - (View Deposit History)
What Cards do you accept?
Only Australian Debit or Credit cards utilising Visa or Mastercard from an Australian banking institution under your name will be accepted.
We do not accept the following cards:
- International Debit or Credit cards
- American Express cards
- JCB (Japan Credit Bureau) cards
- Crypto Debit cards
- Prepaid cards
If you are trying to deposit via Prepaid Gift Card, please contact the Gift Card provider and register your personal details.
How fast are Card Deposits and what is the maximum I can deposit?
Card transactions speeds vary between banking institutions. All Card Deposits are generally instant, however please note that any unsuccessful transactions will be instantly declined with all funds returning to your bank account in use.
The maximum deposit amount using a Credit or Debit card is $5,000 AUD per 24hr.
Is there a fee for Card Deposit?
Any deposit made through a Debit or Credit card will incur a 1.22% fee.
For example, if you enter the deposit amount of $10, a 1.22% fee will be added on top of the $10 AUD. The total amount withdrawn from your bank account would be $10.12.
The total amount including fees will be displayed within the Card Deposit Portal.
Why is my Card Deposit failing to process?
If your Card Deposit is failing to process, please review this list for troubleshooting:
- Exceeding your Debit/Credit card daily withdrawal limit.
- Insufficient funds in your Debit/Credit card.
- There is a temporary lock applied on your Debit/Credit card.
- Your banking institution does not allow Debit/Credit card deposits to cryptocurrency exchanges.
If you are still experiencing failed deposits, we recommend you to reach out to your banking provider to discuss this further.
Alternatively, you can utilise other deposit methods such as PayID or Direct Deposit.
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
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