Crypto
Swap
Exchange one digital asset for another at a quoted rate, with the fee shown before you confirm.
From one coin to another in one step, without selling to AUD first.
A swap is two movements on the ledger, out of one asset and into another, priced at the rate quoted when you review it. Swaps work between crypto assets; to move between crypto and AUD, use Buy & Sell.
How it works
- Log in to online banking and open Swap.
- Choose the asset you are swapping from and the asset you are swapping to.
- Enter the amount. The conversion rate, the fee and the amount you will receive are shown.
- Confirm with your authenticator code. Both sides of the swap settle together.
Summary
Any two listed crypto assets
Quoted when you review the swap and shown before you confirm
A percentage of the amount received, shown on the summary
Both legs settle together; the swap cannot half-complete
Use Buy & Sell
Crypto is not a deposit
Crypto is not a deposit. Values can fall as well as rise, and you may get back less than you put in. Crypto assets are not covered by the Financial Claims Scheme. Digital currency exchange services are provided by a digital currency exchange provider registered with AUSTRAC. Nothing on this page is financial advice.
Frequently asked questions
Can I swap crypto for Australian dollars?
Swap works between crypto assets. To turn crypto into AUD, sell it on Buy & Sell and the dollars land in your account.
What if the rate moves while I am confirming?
The quote is held for the confirmation step. If it expires you are shown a fresh quote to confirm.
Online Banking
Ready to start?
Crypto is part of online banking. Log in, open the wallet, and buy your first asset from your AUD balance. If you do not have an account yet, opening one takes a few minutes and an identity check.