If you bank with Up and want to buy Bitcoin or crypto in Australia, the fastest and lowest cost option is to deposit funds into Day1x. Up does not support buying crypto directly inside its app, but it fully supports PayID, Osko, Apple Pay, credit card payments, and bank transfers to Day1x.

This guide shows you exactly how to use your Up Bank account with Day1x to buy Bitcoin, understand fees, and avoid common banking delays.

Why Up Bank Customers Choose Day1x

Day1x is designed for Australians who want simplicity, speed and transparent pricing. Up customers get:

• Free deposits
• Free withdrawals
• Only 0.1 percent trading fees
• No hidden spreads
• No inflated instant buy prices
• Apple Pay support
• Credit and debit card payments
• PayID and Osko transfers
• Local AUD support

Many exchanges charge 0.5 to 1 percent for trades and add large hidden spreads. Day1x charges only 0.1 percent on everything, including auto invest.

Can You Buy Bitcoin with Up Bank

Yes. Up allows transfers to regulated Australian crypto exchanges, including Day1x. You cannot buy or hold crypto inside Up itself, but the Day1x deposit methods integrate smoothly with Up Bank accounts.

Your path to buying crypto is simple:

Up Bank → PayID, Osko, EFT, Apple Pay, or Credit Card → Day1x → Buy Bitcoin or crypto

All deposit methods on Day1x are free.

How to Buy Bitcoin with Up Bank on Day1x

Step 1. Create Your Day1x Account

Open a Day1x account and complete identity verification. This is required for all AUSTRAC registered exchanges in Australia.

You will need:

• Full name, email and date of birth
• Proof of address
• ID and selfie using your licence or passport

Verification usually takes only a few minutes.

Step 2. Deposit Funds from Up Bank

You can fund your Day1x account in several ways:

PayID

Instant, free, and available 24/7. This is the fastest way to move funds from Up to Day1x.

Osko

Fast near instant payments supported by Up.

Standard EFT

Free and reliable. May take up to two business days depending on Up’s processing time.

Apple Pay

Instant card based deposits using Apple Pay. Ideal for users who want to buy crypto immediately. Free on Day1x.

Credit or Debit Card

Deposit instantly using Visa or Mastercard. Card payments settle straight away, allowing you to buy Bitcoin without waiting for bank transfers to clear.

Day1x does not charge any fees for bank deposits or withdrawals. Apple Pay and credit card processing fees may apply depending on your card provider.

Step 3. Buy Bitcoin or Any Crypto on Day1x

Once your deposit arrives:

1. Log in to Day1x
2. Open the Instant Buy, Auto Buy, or Trade screen
3. Select Bitcoin or your chosen cryptocurrency
4. Enter the amount you want to buy
5. Review your order
6. Tap Buy

Your Bitcoin appears instantly in your Day1x wallet.
You can start with as little as ten dollars.

Up Bank Crypto Policies

Up Bank is considered crypto friendly and supports transfers to AUSTRAC regulated exchanges like Day1x. Up typically allows:

• PayID deposits
• Osko transfers
• Standard bank transfers
• Credit Card and Apple Pay deposits
• Withdrawals from Day1x back to Up

Up does not publish any crypto specific limits. Delays may occur for large first time deposits or transfers to offshore platforms. Using an Australian exchange like Day1x minimises these issues.

Frequently Asked Questions

Does Up Bank work with Day1x

Yes. Up supports PayID, bank transfers, credit card, and Apple Pay deposits to Day1x.

Can I use Apple Pay to buy Bitcoin on Day1x

Yes. You can use Apple Pay to deposit instantly and buy crypto immediately.

Are deposits from Up Bank free

Yes. Day1x does not charge any deposit or withdrawal fees.

How long do Up Bank deposits take

PayID, Osko, Apple Pay and Credit Card deposits are usually instant. EFT transfers may take one to two business days.

Can I withdraw AUD from Day1x back to my Up account

Yes. Withdrawals are free and typically arrive the same day.

Final Thoughts

Up Bank and Day1x work together seamlessly, giving you fast, safe and low cost access to Bitcoin and crypto. With free PayID deposits, Apple Pay, credit card support and only 0.1 percent trading fees, Day1x offers one of the most cost effective ways for Up customers to invest in digital assets in Australia.

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