Bank Payment Restrictions at Elbaite
Last Updated: April 2024
As a leading cryptocurrency exchange in Australia, Elbaite is committed to providing a secure and compliant trading environment. To ensure the safety of our customers and to adhere to regulatory standards, we implement certain restrictions on payments from banks considered high-risk.
Current Bank Payment Restrictions at Elbaite
If your transaction is affected because we do not accept payments from your bank, please use an alternative bank to ensure your payment can be processed without delays. Below is an updated list of banks from which Elbaite is currently not accepting payments or that may experience processing delays:
- Wise: Transactions may be subject to processing delays.
- Revolut: Transactions may be subject to processing delays.
Bank-Imposed Restrictions on Cryptocurrency Purchases
It's important to note that some banks have their own restrictions on cryptocurrency transactions, which could affect your ability to make payments to Elbaite. Before initiating a payment, please check with your bank regarding their cryptocurrency purchase policies. This proactive step can help avoid unnecessary delays or issues in processing your transactions with Elbaite.
Example of Known Bank Restrictions:
- Commonwealth Bank: Imposes a limit of $10,000 per month on cryptocurrency purchases across all exchanges, per user.
Further Guidance
For seamless transactions, we recommend staying informed about the policies of your bank regarding cryptocurrency purchases and choosing compatible banks when trading on Elbaite. If you encounter any issues or need assistance with finding alternative payment methods, our customer support team is available to help guide you through the process.