Bank of Queensland does not provide the ability to buy cryptocurrency directly through its online banking platform. Use a regulated exchange in Australia to invest in digital assets from a Bank of Queensland account or with a Bank of Queensland debit card.
Unsure about where to buy?
Where Bank of Queensland customers can buy 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
Cons
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
Cons
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
Cons
Still not sure?
FAQs
Can you buy crypto directly with Bank of Queensland?
Bank of Queensland does not currently offer a direct service for purchasing cryptocurrency. To buy cryptocurrency, you can use a crypto exchange or brokerage and fund the purchase with a bank transfer from your Bank of Queensland account or with your Bank of Queensland debit card. It is essential to research the platform you are using and only invest what you can afford to lose.
Does Bank of Queensland block crypto-related transactions?
Bank of Queensland does not block cryptocurrency transactions. Customers can use their Bank of Queensland accounts to buy or sell crypto through third-party platforms.
Can Bank of Queensland bank accounts be used to buy crypto?
Yes, Bank of Queensland customers can transfer funds from a Bank of Queensland bank account to a cryptocurrency exchange or brokerage and buy cryptocurrency.
Can Bank of Queensland credit cards be used to buy crypto?
No, using a Bank of Queensland credit card to buy cryptocurrency is prohibited.
Can Bank of Queensland debit cards be used to buy crypto?
It is possible to use a Bank of Queensland debit card to buy cryptocurrency at an exchange. However, not all exchanges or brokerages accept debit card payments, and those that do may charge additional fees.
Further details
Bank of Queensland's crypto policy
Bank of Queensland's approach to cryptocurrency is conservative. Although customers can deposit funds at a crypto exchange from a BOQ bank account, they have blocked crypto-related purchases from being made with a BOQ credit card. Bank of Queensland also do not consider crypto-related income in a home loan application.
