Bankwest does not offer the ability to buy cryptocurrency directly through its online banking platform. Using a Bankwest account or card, you can use a regulated exchange in Australia to invest in digital assets.
Unsure about where to buy?
Where Bankwest 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 Bankwest?
It is not possible to purchase cryptocurrency directly through Bankwest. To buy cryptocurrency, you can use a cryptocurrency exchange or a platform that allows you to pay with a bank transfer from your Bankwest account.
Does Bankwest block crypto-related transactions?
Bankwest blocks cryptocurrency transactions made with a Bankwest card. However, customers can transfer funds from their Bankwest accounts and buy cryptocurrency through an exchange or brokerage.
Can Bankwest bank accounts be used to buy crypto?
While you cannot buy crypto directly with Bankwest, you can transfer funds from a Bankwest bank account to an exchange or brokerage where you can purchase crypto.
Can Bankwest credit cards be used to buy crypto?
No, using a Bankwest credit card to purchase cryptocurrency is not possible.
Can Bankwest debit cards be used to buy crypto?
You can use a Bankwest debit card to buy cryptocurrency at an exchange or brokerage. Not all exchanges and brokerages accept debit card payments, and those that do may charge additional fees.
Further details
Bankwest’s crypto policy
Bankwest has decided to stop allowing the use of its credit cards to purchase these virtual currencies. However, Bankwest does not block fund transfers from a Bankwest account to a brokerage or crypto exchange.
