NAB does not directly offer a way to invest in cryptocurrency through its online banking or nabtrade investment platform. To invest in digital assets with a NAB account or a NAB credit or debit card, use an exchange or broker regulated in Australia.
Unsure about where to buy?
Where NAB 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 NAB?
NAB does not currently offer direct support for the purchase of cryptocurrency. To buy cryptocurrency, you can use a cryptocurrency exchange platform or investment platform and deposit funds with a bank transfer from your NAB account or with a NAB credit or debit card. Before investing in any crypto, it is important to carefully research the platform you are using and only invest what you can afford to lose.
Does NAB block crypto-related transactions?
NAB does not block cryptocurrency transactions. Customers can use their NAB bank accounts and cards to purchase crypto on third-party platforms.
Can NAB bank accounts be used to buy crypto?
Yes, you can transfer funds from a NAB bank account to an exchange or brokerage — such as those listed on this page — where you can buy cryptocurrency.
Can NAB credit cards be used to buy crypto?
Yes, it is possible to use a NAB credit card to deposit funds at a cryptocurrency exchange or brokerage and buy crypto. However, many exchanges and brokerages do not support credit card deposits. Those that do accept credit cards typically charge additional fees. NAB's credit card terms and conditions state that crypto purchases made with a NAB credit card will incur the cash advance interest rate.
Can NAB debit cards be used to buy crypto?
You can use a NAB debit card to buy cryptocurrency at an exchange or brokerage. However, it is important to note that not all exchanges and brokerages accept debit card payments, and those that do may charge additional fees.
Further details
NAB’s crypto policy
NAB has a conservative policy concerning its commitment to crypto trading. Although they are interested in blockchain technology, NAB views crypto as too speculative and has no plans to let their customers buy and sell crypto directly with NAB in the near future.
