How to Deposit and Withdraw AUD on Blacksheep

Moving money between your bank account and a crypto platform can feel complicated, but Blacksheep is designed to make the process straightforward for Australian users. Once your account is verified, you can deposit Australian dollars in minutes and withdraw funds back to your bank just as quickly.

In this guide, we cover:

• What you need before making your first deposit or withdrawal
• The exact steps to fund your account with AUD
• How to withdraw your balance back to your bank account
• Common issues and how to fix them

Before You Begin

To deposit or withdraw AUD, you’ll need to:

• Have a fully verified Blacksheep account (including KYC + ABN).
• Use an Australian bank account in your own name (joint accounts accepted if one name matches).

How to Deposit AUD on Blacksheep

1. Log in to your Blacksheep account and go to your dashboard.
2. Click “Deposit”.
3. Copy the provided BSB, account number, and unique reference.
4. Log into your online banking and make a transfer using those details.
5. Wait for processing - most deposits arrive within minutes.

Important Deposit Rules

• Matching names only: Deposits must come from a bank account in your name.
• Joint accounts accepted: At least one name must match your Blacksheep account.
• Mismatched deposits: Refunded minus a $10 fee (sometimes waived).

How to Withdraw AUD from Blacksheep

1. Link your bank account:
   • Go to “Bank Accounts” in your settings.
   • Add your Australian bank account details (BSB + account number).
   • Ensure the name matches your Blacksheep account.
2. Make a withdrawal:
   • From your dashboard, go to your Portfolio.
   • Click “Withdraw”.
   • Select your linked bank account.
   • Enter the withdrawal amount.
   • Accept the terms and confirm.
3. Processing times:
   • Most withdrawals clear within 1–2 minutes, depending on your bank.

Common Issues & Fixes

• Deposit not showing: Check you used the correct unique reference.
• Withdrawal delayed: Confirm bank account details are correct.
• Refunded deposit: Usually due to a name mismatch - double-check account holder name.

Once your AUD is in Blacksheep, you can use it to buy crypto.
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Recommended: How to Buy USDC with AUD on Blacksheep

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