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How to Buy Crypto with ANZ Bank in Australia

Last updated on December 23, 2023

Quick Summary: While ANZ Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Australia cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.


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ANZ Bank Homepage

As mentioned in my quick summary, like most Australia banks, ANZ Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

Thankfully there are many crypto exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with ANZ

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto exchange

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with ANZ Bank.

Buy Crypto With eToro

About ANZ Bank

The Australia and New Zealand Banking Group Limited (ANZ) is an Australian multinational financial and banking services company with its headquarters at Melbourne, Victoria. It is the second-largest bank in Australia in terms of assets, and fourth largest in terms of market capitalization.

The present corporate entity was formed on October 1, 1970, at the time that the Australia and New Zealand Bank (ANZ) was merged into the English, Scottish & Australian Bank (ES&A). It was the biggest banking merger ever that had ever occurred in Australian historical records at that time. It was the largest bank merger in Australian history at that time.

Australia and New Zealand Bank was founded in 1951, as a result of an amalgamation between two banks, the Bank of Australasia and the Union Bank of Australia, that was established in 1835 and 1837 , respectively. ANZ is among the Big Four Australian banks, together with Commonwealth Bank, NAB and Westpac.

Australian operations constitute the majority of the business of ANZ with retail and commercial banking dominating. ANZ has also been named the biggest institution within New Zealand, where the legal entity was named ANZ National Bank at the end of 2003, and then changed its name its name to ANZ Bank New Zealand after 2012.

Between 2003 and 2012, it ran two brand names in New Zealand, ANZ and the National Bank of New Zealand. In 2012, the National Bank brand was retired in 2012, and some branches closing, and some converting in to ANZ branches. In addition to its operations across Australia in Australia and New Zealand, ANZ also operates in 34 other countries.

ANZ along with its subsidiaries have 51,000 employees. They serve nine million customers across the globe.