The Australian Dollar (AUD) is the official fiat currency of Australia, issued by the Reserve Bank of Australia (RBA) and the primary fiat currency on CoinPort. AUD is the on-ramp and off-ramp between Australian bank accounts and the cryptocurrency market — most major cryptocurrencies on CoinPort can be traded directly against AUD, and every fiat deposit or withdrawal moves between your verified bank account and your CoinPort wallet using Australia’s New Payments Platform (NPP).

Key Features

  • Domestic Settlement: Deposits and withdrawals settle through Australia’s New Payments Platform (NPP), with most transfers arriving within minutes.
  • PayID Support: Deposit with a PayID identifier (email, phone, or ABN) instead of remembering BSB/account numbers.
  • BPAY Support: Deposit using your bank’s BPAY system as an alternative to NPP.
  • Zero CoinPort Deposit/Withdrawal Fees: CoinPort does not charge a fee on AUD deposits or withdrawals (your bank’s standard fees may still apply).
  • AUSTRAC-Aligned: All AUD movements comply with Australian AML/CTF requirements.

Depositing AUD on CoinPort

CoinPort accepts AUD via three methods:

  • PayID (instant) — Send from your bank’s PayID transfer screen to the PayID shown on your CoinPort wallet page. Funds typically arrive within minutes.
  • Electronic Funds Transfer / Osko — Send to the BSB and account number shown in your CoinPort AUD deposit tab. Osko-enabled banks settle in near real time; non-Osko transfers may take 1–2 business days.
  • BPAY — Use the Biller Code and Reference number shown in the BPAY tab. BPAY transfers usually clear the next business day.

Important — AML/CTF: In line with AUSTRAC requirements, deposits are only accepted from a bank account held in the same name as your verified CoinPort account. Deposits from a third-party account will be rejected and returned to the source account, typically within 2 business days.

Withdrawing AUD on CoinPort

To withdraw AUD, add a payment beneficiary (PayID or BSB + account number) under Wallets → Beneficiaries, complete email confirmation, then submit a withdrawal from your AUD wallet. Funds settle to your nominated bank account via NPP, usually within minutes for Osko-enabled banks.

Withdrawals are also restricted to bank accounts in your own verified name.

Verification Requirements

To deposit, withdraw, or trade AUD on CoinPort, complete identity verification (KYC). This is a one-time process and is required for all Australian-licensed crypto exchanges under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

How AUD Is Used on CoinPort

  • Quote Currency: AUD is offered as a quote currency for major cryptocurrency pairs on CoinPort (e.g. BTC/AUD, ETH/AUD), alongside major crypto-to-crypto cross markets such as BTC/USDT.
  • On/Off Ramp: AUD is the bridge between traditional banking and the cryptocurrency market.
  • Holdings: AUD held in your CoinPort wallet is custodied by CoinPort Pty Ltd in accordance with our Terms and Conditions and Privacy Policy.

Conclusion

The Australian Dollar is the foundation of trading on CoinPort. Its tight integration with the New Payments Platform — through PayID, Osko, and BPAY — means most Australian users can move AUD between their bank account and CoinPort in minutes, with no CoinPort-side fees.

For information only. Not financial, investment, or tax advice. Always do your own research.