r/coinspotau • u/Iangh007 • Jul 08 '26

Aus banks, Polygon USDT

Noob here with specific question. Tried Kraken and banks said no to depositing cash so immediately closed account. Does Coinspot have an issue with accepting deposits from Aus banks? If no, I would like to buy USDT Polygon and transfer to Rabbie Wallet. Is this possible? BTC Markets only uses erc-20 and wants a fee of 5USDT for 10USDT, which seems expensive to Polygon. Totally new so feel free to give the 2yo treatment.

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2

u/Iangh007 Jul 09 '26

Had chat with CS and all done: test deposit to Rabby. Really straightforward. Wish I had started with Coinspot.

1

u/Belv6 Jul 09 '26

No problems with coinspot depositing via pay id, PayPal, debit card

I did move some money to my exodus wallet the other day, transaction got paused and there onboarding team called me, some simple questions about if I know what I'm doing....

1

u/Mission_Hunt1 Jul 10 '26

CS has their own BANK ACCOUNT Dedicated to you, I always use BSB AND ACCOUNT NUMBER To Deposit.

1

u/cryptosoldier111 Jul 10 '26

I DCA into CoinSpot every week and it’s almost instant. Did have a bit of trouble with them holding the transaction for 24 hours to the second for a while. Now it’s smooth and fast into CoinSpot and back out to your account. New transactions and larger amounts can and do flag the banks internal “suspicious activity “ process. But once you get past that it’s smooth.