How to Deposit AUD

Once your BTC Markets is fully verified you will need to fund your account with Australian Dollars (AUD). Funding your account is simple and our 'How To Deposit AUD' guide will help walk you through each stage of the funding process from our deposit methods to increase your account's deposit limits.

Deposit methods

We offer two methods to deposit AUD into your account, Osko & BPAY.

What is OSKO? 

Osko is a new payment gateway established by BPAY utilising PayID, NPP and the RBA’s Fast Settlement Service for transfers to your BTC markets account. All deposits made via Osko are instant and free!

To make an OSKO deposit:  

1. Sign in to your BTC Markets account.
2. Select 'Account' in the menu and then 'Deposit'.
3. Select 'Osko' from the drop-down menu to view our Pay ID's and your unique Osko deposit reference number. Please note: Your reference number is used to match your Osko deposit to your account.
4. Navigate to your banking application and select the option to make a deposit. In the deposit section, make the transaction out to our ABN: 45164093887 or Organisation ID: BTC Markets Pty Ltd.
5. Depending on your banking institution's interface, you will need to enter in a description, detailed description, message, memo or reference. In this field, enter your unique Osko deposit reference number. 
6. Submit the payment to complete the deposit.
   

Further information regarding Osko deposits

1. Please be aware that first-time deposits to your BTC Markets account can be held by your financial institution for 24 to 48 hours for security reasons. If you are unsure if this applies to you, call your financial institution's fraud team for further information.
2. Payments listed as ‘pending’ in your banking application are yet to be released to BTC Markets.
3. Deposits over your daily limit will be delayed. You will receive an email with further details.
4. For further information on Osko, including supported banks please visit https://www.osko.com.au/osko-your-bank.

What is BPAY?

Founded in Australia, BPAY is a secure and reliable way of funding your BTC Markets account. All deposits made via BPAY are free!

To make a BPAY deposit:  

1. Sign in to your BTC Markets account.
2. Select 'Account' in the menu and then 'Deposit'.
3. Select 'BPAY' from the drop-down menu to view our Biller Code and your unique Customer Reference Number (CRN). Please note: Your CRN is used to match your BPAY deposit to your account.
4. Navigate to your banking application and select the option to make a deposit. In the deposit section, make the transaction out to our Biller Code: 800128.
5. Depending on your banking institution's interface, you will need to enter in a description, detailed description, message, memo or reference. In this field, enter your unique CRN. 
6. Submit the payment to complete the deposit.

Further information regarding BPAY deposits

1. Please be aware BPAY deposits can take 1-3 business days to reach our account.
2. BPAY deposits made on weekends will be processed by your bank the following Monday.
3. BPAY deposits made on public holidays will be processed by your bank the following business day. 
4. Deposits over your daily limit will be delayed. You will receive an email with further details.
5. For further information on BPAY, please visit https://www.bpay.com.au.

How can I increase my daily limits?

Our level daily limits are calculated using a number of factors to determine optimal tiered levels of deposits and withdrawals.

To increase your daily limits above level 1:

1. Create history on the account by depositing, trading and withdrawing regularly. 
2. Navigate to the 'Account Overview' page and scroll down to the 'Account Transaction Daily Limits' section.
3. Select 'Increase Limit'
4. Follow the prompts.
5. Submit your request.

Got any questions?

If you encounter any issues throughout the deposit process, please do not hesitate to get in touch with us at https://support.btcmarkets.net/hc/en-us.