How to deposit cash into CoinJar?

After entering the desired deposit amount, users must ensure that they enter the unique BSB and account number provided by CoinJar or any other cryptocurrency exchange platform they are using. This is a crucial step as it ensures that the funds are deposited into the correct account.

To initiate a bank transfer, users must first navigate to the Deposit function on the home screen of their chosen platform. Upon selecting Bank transfer as the deposit method, they will be presented with important information, including the BSB and their personal account number. It is crucial to record this information accurately for future reference.

Next, users must access their bank's mobile application or website. This can be done through a smartphone, tablet, or computer. Once logged in, they should follow the prompts provided by their bank to initiate a new transfer.

During the transfer process, users will be required to input various details, such as the recipient's bank details and the amount to be transferred. In this case, the recipient's bank details will be the BSB and account number associated with the cryptocurrency exchange account.

Additionally, users should take note of the specific transfer instructions or requirements outlined by their bank and the cryptocurrency exchange. For instance, some banks may have limits on the amount that can be transferred per day or per transaction. Similarly, cryptocurrency exchanges may have specific requirements for the format of the transfer or the timing of the deposit.