How to set up a Coinstash Wallet (Hot Wallet)
Mitchell
Coinstash (or centralised exchange of your choice) hot wallet.
Given you will be depositing AUD into an exchange like Coinstash to buy your first cryptocurrencies, you are free to leave your cryptocurrency on your exchange of choice if you please, and many people do. This type of hot wallet is automatically set up within your Coinstash account, and can have AUD freely deposited into using the deposit function on the dashboard, then hitting ‘I want to deposit: AUD’, hitting ‘next’, then using your bank application (ANZ, CBA, etc) to transfer funds to your unique bank details provided by Coinstash (or the option of PayID at the bottom)
After the deposit is complete, feel free to head to: https://coinstash.com.au/trade and begin buying!
For now, if you need a further hand using Coinstash to purchase your first cryptocurrencies, or depositing to Coinstash, feel free to use their helpline and online chat or contact an Imperial Wealth account manager/support staff and they can help out!
We recommend that you create a hot wallet using applications outside of exchanges that will enhance the custody, security and control of your cryptocurrency.