How to buy crypto with ANZ

Bill Ryan Natividad avatar
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David Boyd avatar
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Updated 11 Aug 2023
How to buy crypto with ANZ

ANZ does not provide a way to invest in cryptocurrency through its online banking platform. You can use a regulated exchange to invest in digital assets from an ANZ account or an ANZ credit or debit card.

How to buy crypto with ANZ

Unsure about where to buy?

Where ANZ customers can buy crypto

eToro Crypto

On website

Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

Highlights

  • Access thousands of assets across multiple categories.
  • Copy trades of popular investors that trade Crypto.
  • Access powerful analysis tools and innovative social features.

Pros

  • The user-friendly website and app make it easy to trade from anywhere.
  • Trade Bitcoin, Ethereum, and 60+ other crypto assets.
  • With its CopyTrader feature, you can replicate the moves of other investors.
  • Start trading with just $10.

Cons

  • There is a 1% fee that is added to the market price.
  • Other exchanges have more selections of crypto coins and tokens.
Swyftx

On website

Highlights

  • Access over 440 assets, including Bitcoin, Ethereum, Ripple, Litecoin, and DeFi tokens like UniCoin.
  • Choose from multiple payment options, including PayID, OSKO, POLi, and bank transfers for deposits and withdrawals.
  • Learn the basics of crypto trading with Swyftx’s demo mode, allowing risk-free mock trading.

Pros

  • Australian-based platform with AUSTRAC regulation.
  • Access to 440+ crypto assets.
  • Quick customer support—live chat replies within 5 minutes.
  • Integrated tax reporting for easy tracking.
  • Supports trading in AUD, USD, and NZD.

Cons

  • Limited access to advanced trading markets.
  • Trading fees start at 0.6% for regular users, higher than some competitors.
Binance Australia

On website

Highlights

  • Sign up on Binance Australia to get a 100 USDT cashback voucher. Terms and Conditions apply.
  • Access the world's biggest platform for buying, selling, and trading crypto.
  • Trade and stake thousands of cryptocurrencies and trading pairs.
  • Deposit funds without worrying about any extra charges.

Pros

  • Low trading fees.
  • Easily deposit funds using credit or debit cards.
  • Practice with demo trading before diving into real investments.
  • Access powerful charting and trading features designed for experienced traders.
  • 24/7 live chat support.
  • AUSTRAC regulated.

Cons

  • The platform's user interface can be complex for beginners, making it harder to navigate initially.
  • Ongoing regulatory challenges in various countries could raise concerns for some users regarding its long-term stability.

Still not sure?

FAQs

Can you buy crypto directly with ANZ?

ANZ currently does not offer direct support for the purchase of cryptocurrency. This means that you cannot buy crypto directly with ANZ. However, you can use your ANZ bank account to buy crypto through a third-party platform such as a cryptocurrency trading platform or brokerage. To do this, you will need to transfer funds from your ANZ account to the platform and then use those funds to buy the cryptocurrency of your choice. It is essential to carefully research the platform you are using and only invest what you can afford to lose.

ANZ does not block cryptocurrency transactions. While the bank does not directly support the use of cryptocurrency, customers may be able to use their ANZ bank accounts to buy crypto through third-party platforms.

Can ANZ bank accounts be used to buy crypto?

ANZ does not offer the option to purchase cryptocurrency directly with them. However, you can transfer funds from your ANZ bank account to a cryptocurrency exchange or brokerage that does allow you to buy crypto.

Can ANZ credit cards be used to buy crypto?

ANZ credit cards may be able to be used to buy cryptocurrency, but this depends on the policies of the platform where the purchase is being made. Note that if you deposit funds at a crypto exchange with an ANZ credit card, the transaction will incur the cash advance interest rate per their credit card conditions of use.

Can ANZ debit cards be used to buy crypto?

ANZ debit cards may be used to buy cryptocurrency, depending on the platform's policies where the purchase is being made.

Further details

ANZ’s crypto policy

ANZ Bank does not allow buying or selling of cryptocurrencies on its platform. However, it is interested in the potential of digital assets and is open to partnerships and collaborations in the future. Customers can use regulated third-party platforms to access their cryptocurrency. ANZ has no policy against investing in digital assets, and there have been no reports of users' funds being frozen when transferring AUD to a crypto exchange.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business