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CoinSpot also makes users verify withdrawals by clicking on a link that is emailed to you as soon you try to withdraw. You can buy and sell Bitcoin and other cryptocurrencies instantly on CoinSpot. Open the website or mobile app of CinSpot Login. Affiliate Disclosure: Clicking and Signing-up on platforms using our links on blog posts might help us earn as affiliates and keep our hopes high on providing you with the best information on the internet. The most common choice is through bank transfer, using a direct deposit, POLi, PayID. The commission rate decreases gradually every 12 months. Therefore, if more users buy and sell, the platform generates more revenue. Once this is complete, youll be able to log in to your CoinSpot account and start trading! The above section you will also see all the available features that CinSpot offers to its users. If you did not upload a drivers licence, then you need to upload one of the below documents: Take a high quality photo of yourself holding the hand written statement, see below examples: The account holder details must show a yellow banner stating In Progress this means your verification details are under. Next, enter your 2FA code if you have it enabled (highly recommended! CoinSpots interface is very straightforward and clear. Up to four members and several pension accounts are permitted in an SMSF. The app allows users to easily perform majority of the functions of the desktop site, such as: instant buys and sell, depositing and withdrawing funds, as well as an overview of all your current digital assets in the wallet section. Figure 2. Users can also share the referral code with their friends or family members once they complete the registration process on. This presents traders with a smooth experience. BPAY is another proudly Australian brand that is accepted at over 45,000 different vendors. You will still have to pay the standard transaction/mining fees. The platform provides a safe and reliable platform for trading (buying, selling, or exchanging) cryptocurrencies. I passed all ID verification (passport, photo of me, photo of me with my passport, photo of me with my passport with a piece of paper with the information they wanted written on it). Self Managed Super Fund (SMSF) 101: The Beginner's Guide The majority of members in the fund must permanently reside in Australia in order to comply with Australian legislation. It has been available since 2013 and has earned its millions of users trust. CoinSpot Verification. What utter lies. A list displaying all supported banks will appear when you begin the process of a POLi deposit. SCI QUAL INTERNATIONAL. The exchange is regularly adding new coins and projects to its marketplace. If you are not fully verified, please visit the Verification Page and provide us with your Verification Photo here. Australian Government Financial Agency, known as AUSTRAC, keeps tabs on all the financial transactions. We would recommend placing orders on the market/exchange as the fees are 1/10th of the size. The referral service gives their customers the opportunity to earn $10 in bitcoin after making their AUD deposit without giving any trading fees. It is free to deposit AUD in your. account. They are also well-known for regularly adding new cryptos to the exchange, with several new currencies/tokens being added each month usually at the request of users on their Facebook page. Yes, broken English and spelling errors included. Well, CoinSpot has a great array of payment methods to choose from, and there should be something to suit everybody. You have to complete three after that, your. VisitCoinSpotand click Register at the top. CoinSpot referral program encourages active community users and gives 10$ in BTC. Have a connection of employer/employee with another fund member (unless they are a relative). Buy and Sell more cryptocurrencies than any other exchange in Australia. The review process includes examining the website and external sources, creating and funding an account, demonstrating and experiencing the features of the platform and calculating an overall weight-average rating. Coinspot provides the option for users that want to buy and sell cryptocurrency instantly which can be accessed by clicking on the 'Buy/Sell' link at the top of the page. Corporate trustee: A corporation serves as a trustee, and each member serves as a director. CoinSpot is an Australiancryptocurrency exchange based in Melbourne with more than 2 million customers that provide a safe and secure platform for buying and selling cryptocurrencies. Drivers licence or passport (All Directors & Individual Trustees), The UK Aims To Prioritise Crypto For Traditional Markets, Have been previously disqualified as a trustee of an SMSF by a court, the ATO, or ASIC. After your friend has made the first AUD deposit, you both will receive $10 worth of Bitcoin. To obtain digital items such as artwork, music, sports cards and rare collectibles, individuals will need to create an account with an NFT platform such as Rarible and Opensea. ofc. RFID tags contain an integrated circuit and an antenna, which are used to transmit data to the RFID reader (also called an interrogator). 2. Figure 3. This article will review and compare the best places to earn interest in Australia with a how-to tutorial for beginners. Trading features on the dashboard let you check multiple wallets in one location. CoinSpot is an Australian crypto exchange that is owned and controlled by Casey Block Services Pty Ltd. This includes initial verification of a Passport or Drivers Licence and 'Know Your Customer' (KYC) procedures to collect and verify a customer's identity. However, the biggest negative with the CoinSpot platform is the expensive trading fees to instantly buy and sell crypto, there are no Coinspot withdrawal fees back to a bank account. This is useful to provide the user with an overview of the recent price history using a candlestick or line chart. A basic Coinspot account allows the users to explore the features of the website but cannot deposit or withdraw funds until verification is completed. To conclude ourCoinSpot review, we believe the exchange is a safe exchange to buy Bitcoin due to its compliance with Australias new Anti-Money Laundering and Counter-Terrorist Financing laws. Self Managed Super Fund (SMSF) 101: The Beginners Guide. Start by verifying your phone number and email address.2. This makes it a highly favourable option. For those that want to stake crypto, read this article on the best staking platforms in Australia for alternative providers. But this doesnt cover things like legal fees or stamp duty costs. CoinSpot is one of the few crypto exchanges in Australia that offers an NFT marketplace. Read our CoinSpot review where we give you an unbiased and intensive look at the exchange, what theyre all about and what they have to offer. Various deposit options are available in AUD through POLi, BPAY, PayID, cash via BlueShyft locations around Australia. For more information, please see our Moreover, the platform also has a dedicated FAQ section to help beginners with various issues like verification and login, trading and exchange, fund withdrawals etc. This was even though I did upload the photo with the handwritten statement. The exchange also supports popular DeFi tokens on it's platform such as Compound, Uniswap, Aave, Yearn Finance and Sushi. New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. CoinSpot exchange includes a Multicoin Wallet. HedgewithCrypto aims to publish information that is factual, accurate and up to date. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This alone gives them credibility as well as their in-tact reputation, activity on social media and the presence of founder Russell Wilson. account with a two-factor authentication feature, custom withdrawal restriction, anti-phishing phrases, etc. So here they are: the best and worst aspects about CoinSpot exchange: To withdraw your money (Australian Dollars) from CoinSpot, you first need to tell CoinSpot where you would like them to send your money. Verifying a Business & Trust Account - (Account Created) 3. Accepted Verification Documents - CoinSpot Coinspot hasnever been hacked or compromised since it was established in 2013as a cryptocurrency exchange. But what is it, exactly? Although there have been minimal reports of delays with regards to some customer support for the most part you can expect a detailed response to your query within a day or less. CoinSpot Review Australia 2022: Safe + Trustworthy? As with any cryptocurrency exchange, its recommended you log out once you have finished trading. Coinspot is a centralised cryptocurrency exchange that uses it's own order books and liquidity for users that buy, trade or sell digital assets using the 'Market' platform. Coinspot verification is required to prove identification documents to allowdeposits up to AUD $2,000 per day and withdraw funds from the Coinspot wallet. Similar to the popular Bitcoin trading platforms, Coinspot exchange includes an order entry box to buy and sell cryptocurrency against Australian Dollars (AUD). Step 2: Verify your email address. And they dont need to wait for other traders or an e-commerce counterpart on a price before you can buy the crypto that you want. Coinspot also has mobile apps on Android and iOS. Brokerage and financial advisory commissions. It does not reset at midnight. Instant Bitcoin purchase method using the Australia wide New Payments Platform (NPP) which allows rapid bank transfers from a bank account. To do that I had to upload a photo of me, holding my passport, holding a piece of paper, requesting the phone number change. CoinSpot's Verification Photo If you would like to increase your deposit limit, you will need to provide a Verification Photo of yourself holding a note with the information outlined below. CoinSpot also has some impressive credentials: they are members of the Australian Digital Commerce Association, they are officially registered with Australian Business Number and the company completely follows the guidelines of AUSTRAC which is Australiasanti-money laundering and counter-terrorism financing regulator. The exchange offers assistance with high-value deposits & withdrawals including support Self Managed Super Fund (SMSF) & Business Account on-boarding. 2/20 Now Playing. . Bitcoin and other cryptocurrency scams are popping up all over the world on a daily basis, and no one wants to be the victim of one. Other coins have varying limits per transaction see the table below. Audit costs charged by an ASIC-registered independent SMSF auditor. CoinSpot also employs the use of two factor authentication. They operate under their Tax File Number (TFN), Australian Business Number (ABN), and transactional bank account, enabling them to get contributions and rollovers, invest, and pay lump amounts and pensions. Verification for CoinSpot Account - (Account Created!) Blueshyft has over 1,200 branches all over Australia at selected news-agencies . Important. CoinSpot Exchange Review 2021 - Is It Really Safe? | Cryptogeek CoinSpot Business & Trust Account Verification For this, youll need to enter your email address and unique password. Welcome to the official CoinSpot subreddit, feel free to talk about all things crypto and CoinSpot. Register SMSF Account 2. Learn about ISO27001 while you're at it. CoinSpot is a good choice for Australians that want a safe and secure exchange to buy crypto. You will need to approve the transaction via an email that CoinSpot will instantly send you this is a security feature to ensure that it was you that made the transaction. What Services And Features Does CinSpot Login Offers? CoinSpot - Headquarters Locations, Products, Competitors, Financials We write product reviews and comparison articles in the field of cryptocurrency. But we try to be as fast as possible. CoinSpot currently offers 12 crypto bundles that can be purchased with AUD. Colombias new president is a supporter of Bitcoin, Wormhole Hacked: The Solanas Cross-Chain Bridge Lost 120,000 or $323 Million, Russia-Ukraine War is Changing the Way People See Bitcoin, Top 100 Dead Crypto Coins Based on Github Activity in 2022, Celsius had insolvency issues since 2020 : A report, Bankrupt BTC MinerCore Scientific gets court nod to borrow $70M from B. Riley, CoinSpot Review: Buy and sell cryptocurrency instantly, CoinSpot Review: Supported Cryptocurrencies, Bitsgap vs 3Commas vs Quadency | Must Read 2021, BlockFi vs Celsius vs Hodlnaut | Interest Rates, Fee, Security and Risks, BYDFI Review 2021 | Invitation Code, Trading Fee, and Features, Multi-Exchange Crypto Trading Platforms Features, Has over 250 cryptocurrencies to choose from, Comparatively higher fees on features like instant buying and selling, Basic and easily understandable interface, Information security is taken extremely seriously, Only Australian residents can access the platform, More than 250 cryptocurrencies are available, Australias governed financial sector regulates. Fines and possibly prison time are possible penalties. Complete verification requires all the following: Full name Get started Trending Coins 380+ more coins 2.5m+ Customers 25,000+ 5-star Reviews 380+ Digital Currencies 0.1% Lowest Fee The simplest way to start trading This allows us to match you with your ID document. All in all we can say that CoinSpot is an excellent choice of crypto exchange platform if you are based in Australia. A new phishing campaign that targets CoinSpot cryptocurrency exchange users employs a new theme revolving around withdrawal confirmations with the end goal of . AUD withdrawals from CoinSpot to your bank account will generally arrive in your bank account the next day if the withdrawal is submitted before 2pm. Heres the full list of cryptocurrencies available to buy & sell: The charges and fees that you will encounter on CoinSpot are different for different transactions, but for the most part, they are generally low. An equal amount of Bitcoin will appear at the current market rate. If a cryptocurrency reaches 100% of its earn cap, the earn wallet will no longer be available for that particular crypto. How to Find the specific Buy and Sell limits for coins? In short, CoinSpot has one of the best wallets for storing crypto in Australia with industry-leading safety measures. This confirms holdings are available as displayed and are kept one-to-one. The verification checks are conducted as part of our strict internal procedures, as the security of your funds are our top priority. Most super funds dont let you invest in crypto, so youll have to set up your SMSF for crypto investment. Crypto withdrawals are processed instantly, but the time it will take to arrive in the recipients address will depend on a range of factors, including the network congestion. Verification: CoinSpot offers a rigorous verification process at sign-up, and when users wish to increase deposit limits above $2,000 AUD per day. ), and click Send. It is likely that creditors will protect your SMSFs benefits. Buy & Sell Bitcoin, Dogecoin, Litecoin | CoinSpot A soft spoken show and tell! Figure 1. Every asset has a button beside itself. Verification Process Individual CoinSpot account Business/Trust CoinSpot account Self-Managed Super Fund (SMSF) CoinSpot account Further Verification Verification duration recommended crypto exchange in Australia for beginners. Coinspot is also the first cryptocurrency platform in Australia to receive the internationally recognizedISO 27001 certification for information security. Once your SMSF account is established, you will be able to set up your account with Australias most trusted digital currency exchange. The great level of control and flexibility provided by SMSFs are seen as some of their primary benefits. With CoinSpot you have options and options that are a significant advantage! Why is there a difference in Bitcoin price between coinspot and other trading platform. The founder and director of the company is a man who goes by the name of Russell Wilson, who has remained active in the media and on internet forums speaking about the company since its inception. Digital Medicare cards are also accepted. Verification usually takes place within 48 hours of you submitting all your documents and photos, although in many cases it is done within a couple of hours. The trading fee is not displayed with the transaction details and should be shown to provide clarity for the investor. Your CoinSpot account is always secured by the most stringent best practice security protocols including multi-stage verification, and customisable account settings accessible under the Security section of your account. This makes it exceptionally difficult for hackers to access your funds. There is an order textbox to sell or buy cryptocurrencies against AUD. CoinSpot discussion - Cryptocurrency - Whirlpool.net.au You can click any coin market to access the current prices and other data points. User #66474 20441 posts . After that, you have to verify your mobile number. A violation might result in significant financial fines or perhaps incarceration. Increase the security of your CoinSpot account and enable 2FA in your Account Settings. CoinSpot is the first Australian Cryptocurrency Exchange to audit their assets. Coinspot supports several payment methods for users to deposit funds into an account to buy Bitcoin. However, users should be careful not to use the instant buy/sell feature too frequently or for large orders, as it does attract a hefty fee. CoinSpot APK for Android Download - apkpure.com Reach out to us through [emailprotected]. BPAY and Cash deposit methods are available however there is a small cost. You can use these buttons for quick sell-and-buy orders or check the price chart. From 1 July 2021, an SMSF is permitted to have a maximum of six trustees/members, up from four before. The overall verification process takes less than 24hours to be approved before the users can perform buying/selling activities. For example, if you were to enter $1000 AUD, it will automatically tell you how much Ethereum you are able to afford. Enter the amount of coins you wish to send, then enter the address you wish to send to (double checking that it is correct). There are currently over 370 coins that are supported on the Instant Buy/Sell platform which includes the major assets, DeFi coins and exotic altcoins. 4. 01:31 PM. To buy Bitcoin on CoinSpot, follow the steps: Though this option is convenient, it has a transaction fee of 1% for convenience. Completing your SMSFs information. *Although there are no limits, CoinSpot recommends that you contact them before you make any substantial withdrawals so that they can process your withdrawals in a timely manner. Further, no additional fee gets incurred for the withdrawal of any token and coin. Make sure that you hold a note with the following information in your photograph; 10. As far as deposits go: POLi Pay allows the largest deposits, with up to $20,000 per 24 hour period, while the BPAY deposits have a maximum of $10,000 AUD applied to them for every 24 hours, with some slight restrictions for new accounts for the first week (see below). . Moreover, the other available payment methods include POLi payments, AUD deposits or PAYID payments. Figure 2. They offer a wide range of Cryptocurrencies and Australian dollar support. 9. If a fund uses a corporate trustee, each SMSF member must serve on the board of directors of the corporate trustee. The Coinspot 'Exchange' can be accessed by clicking on the 'Market' link on the top menu. You can establish an SMSF in one of two ways: via an individual SMSF trustee structure or a corporate SMSF trustee structure. A network working for everyone. Yes, CoinSpot is regulated. Medicare cards must be up to date and not expired. Sorry, this post was deleted by the person who originally posted it. There are no deposit or withdrawal fees using bank transfer methods such as POLi or PayID or direct deposit. Figure 1. Australia has a lot of great places to buy and sell crypto. It has an intuitive interface that makes it easy-to-use for all type of consumers. Sign up to Coin spot today and buy bitcoin Today! Fill in your personal details.3. Your Australian news source for all things cryptocurrency. Each time you want to buy or sell, youll need to log in to your CoinSpot account. Thankfully The POLi payment bank transfer system allows your funds to be in your CoinSpot account instantly, while BPay deposits usually take around 1-2 business days to arrive in your account. You have to fill out this section with your SMSF information. There are no fees using the direct deposit method to get your funds into CoinSpot. For your SMSF, you need to choose a crypto exchange in Australia. Verifying Individual Account - (Register Account) 2. WAZIRX UPI DEPOSIT PROBLEM SOLUTION - 2 ALTERNATIVE FOR WAZIRX (INR) DEPOSIT - WAZIRX DEPOSIT ISSUE However, the trading fees are too high for active buyers and cryptocurrency traders as the 1% fee will eat into any potential profits. They then said they tried to call me but the number was disconnected. You can see the portfolios visual chart with the distribution of coin holdings as well as its percentages. This is really important to manage trade risk and preserve capital and would like to see advanced order types such as stop order, One-Cancels the Other (OCO) and Fill-Or-Kill included too. Funds stored on the Coinspot wallet are kept safe until transferred to a personnel hardware wallet. Buy or Sell XLM, XTZ, DASH, ATOM, LINK, IOTA, ETC, ONT, XEM, BAT, ZEC, QTUM, VET, DOGE, ICX, OMG, ZRX, WAVES, RVN. When purchasing a property via an SMSF, asset protection is provided. Why wazirx upi deposit not working? Explained by Sharing Culture In this article, we will review CoinSpot exchange, a leading Cryptocurrency exchange in Australia. Buying and selling cryptocurrency using the exchange. Verifying Individual Account - (Account Created) 3. Cryptocurrencies Available: Bitcoin, Ethereum, Litecoin, Ripple and 100+ more. After submitting all the details and completing the verification process of your email address and phone number, you will receive a notification on your verification status. why does Coinspot need a photo of my drivers license to verify my identity? A Step-by-step Guide to Completing Identity Verification (KYC - Bittrex It is a trustworthy exchange that is regulated and complies with Australias new AML/CTF laws which are enforced by the Australian regulatory body, AUSTRAC. Under the available CoinSpot funds the limit will be shown. Download Google Authenticator and enjoy it on your iPhone, iPad and iPod touch. The CoinSpot verification time that takes to check and verify your account depends on how busy CoinSpot employees are. Yes, CoinSpot is a safe and secure platform, as it stores most of the assets in highly secured offline wallets. Verification Overview To assure you have full platform use, you are required to provide all appropriate documents for the four account types, Individual, SMSF and Business/Trust. The basicCoinSpotaccount that you just created will only let you explore the platform. Coinspot default dashboard once logged in. Type below and hit enter! Need help? The platform provides a safe environment for individuals, companies, and Super Fund investors to buy, trade, and sell Bitcoin and over 360 cryptocurrencies. You can choose from over 200 coins and buy or sell them against AUD. The website provides latest news and analysis on virtual currencies, video reports, infographics, real-time Bitcoin, Litecoin and others exchange rates, tools for making technical analysis, forums where people can buy/sell their coins, buy/sell their used staff for coins, get all the info about locations in Russia, where they can spend coins, You dont want to be waiting days or even weeks for your funds to clear- its online it should be instant! Coinspots layout is integrated with TradingView. read our full exchange review methodology. This can make the waiting time anywhere from a minute to a few hours or more. Coinspot's interface features a simple and easy-to-use dashboard with trading features that allow users to monitor multiple coin wallets in a single location. Wondering how to sell Bitcoin in Australia and receive the funds direct to a bank account? Enter in your personal details 3. That's it! ASMR Just Some Nice Things (Lush, Lingerie, Jewelry) CoinSpot is best-suited for beginners that want to buy cryptocurrency using Australian Dollars. You can find the sell limit in the same position if you click on sell instead of buy. This should take you back to the Bittrex . No Coinspot is not the cheapest in fees but very easy to use for people which are new or those happy with what it provides. Since then it has expanded and evolved to become one of Australias most well-known Bitcoin and crypto trading sites, offering a wide array of Cryptocurrencies with an astounding amount of features and different payment options. This includes providing and verifying your email address and phone number, as well as uploading a photo of your ID, a photo of yourself holding a signed statement and proof of your address. Here's What You Need to Know. CoinSpot is a safe and legitimate cryptocurrency exchange with over 2 million users in Australia. Check your email inbox to verify your email address. Like most cryptocurrency exchanges, to create an account with Coinspot, new users will need to go through a registration process to create a crypto trading account. Besides, CoinSpot has never gotten hacked, even once in its lifetime. The user interface features a price chart of the selected cryptocurrency asset to trade. The process of creating an account, completing ID verification, depositing funds, selecting an asset, buying and selling and withdrawing funds is fast and easy. Coinspot cryptocurrency exchange complies with Australia's strict new AML/CTF laws enforced by AUSTRAC to ensure the safety of user accounts. The section covers topics such as: Users that can't find help in the FAQ section can get in touch with the support team by using the help widget in the bottom right corner. CoinSpot has also introduced a mobile app that is just as simple for its customers to monitor their crypto portfolio 24/7. Further, this exchange offers high liquidity and a simple user interface. To be eligible to become a member (and hence a trustee) of an SMSF, an individual must sign a trustee declaration agreeing to become a trustee and accepting their obligations. CoinSpot is a solid choice for beginners and more experienced cryptocurrency investors. This CoinSpot review will assess and compare the main features such as its overall trading experience, deposit methods, trading fees, security, and customer support. Based in Australia, it is a well-trusted exchange that is highly respected in the local cryptocurrency community and is suited for beginners. The fact that CoinSpot offers so many currencies and altcoins on their site is definitely another stand-out feature of theirs. In these times when you often hear of overseas exchanges being hacked, its comforting to know that due to CoinSpots rigorous security standards they have never been hacked. Moreover, buying coins in bundles saves a lot of time and fees as well. NFT purchases are made using an Ethereum wallet and safely stored in the user's CoinSpot wallet. Don't forget to tag your transactions according to the ATO's crypto tax rules. Then, enter all your details and click Create Account. When you receive the verification link on your email address, click it. Founded in 2013, CoinSpot is an AUSTRAC-licensed and Blockchain Australia member that provides a safe and secure platform for digital currencies. Upload your CSV file. For those aspiring to improve their wealth in preparation for retirement, including crypto in a self-managed super fund (SMSF) is one option to cut down on tax and maximise their earnings. Once you have purchased your coins, click on Wallets from the top menu, then open the wallet that you wish you send coins from. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. As trustees, members make all decisions on the funds operation, its investments, and the kind of benefits it can pay. Similarly, the trading fee to place a take profit, stop-loss orders and recurring buys (dollar-cost averaging) is 1% which is very expensive - a cheaper alternative for recurring Bitcoin orders is the Bamboo app based on our review. Update 27/05/2022 - Coinspot has removed staking from its platform. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more.
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As a part of Jhan Dhan Yojana, Bank of Baroda has decided to open more number of BCs and some Next-Gen-BCs who will rendering some additional Banking services. We as CBC are taking active part in implementation of this initiative of Bank particularly in the states of West Bengal, UP,Rajasthan,Orissa etc.
We got our robust technical support team. Members of this team are well experienced and knowledgeable. In addition we conduct virtual meetings with our BCs to update the development in the banking and the new initiatives taken by Bank and convey desires and expectation of Banks from BCs. In these meetings Officials from the Regional Offices of Bank of Baroda also take part. These are very effective during recent lock down period due to COVID 19.
Information and Communication Technology (ICT) is one of the Models used by Bank of Baroda for implementation of Financial Inclusion. ICT based models are (i) POS, (ii) Kiosk. POS is based on Application Service Provider (ASP) model with smart cards based technology for financial inclusion under the model, BCs are appointed by banks and CBCs These BCs are provided with point-of-service(POS) devices, using which they carry out transaction for the smart card holders at their doorsteps. The customers can operate their account using their smart cards through biometric authentication. In this system all transactions processed by the BC are online real time basis in core banking of bank. PoS devices deployed in the field are capable to process the transaction on the basis of Smart Card, Account number (card less), Aadhar number (AEPS) transactions.