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How to Buy Crypto with Bank of Queensland in Australia

Last updated on November 12, 2023

Quick Summary: While Bank of Queensland 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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Bank of Queensland Homepage

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

There are a large number of crypto trading platforms that you can use 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 BOQ

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

1. Pick a cryptocurrency trading platform

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 Bank of Queensland.

Buy Crypto With eToro

About Bank of Queensland

The Bank of Queensland (branded BOQ) is an Australian retail bank that has its the headquarters located at Brisbane, Queensland. It is among the oldest banks in Queensland and was founded in the year 1890 as an institution of building. It has now 163 branches across Australia which includes 53 corporate branches as well as the 103 “owner managed” branches.

The present Bank of Queensland was established in 1874, as The Brisbane Permanent Benefit Building and Investment Society. It was established in 1887. It was amalgamated into City and Suburban Building Society in 1921, and then with Queensland Deposit Bank a decade later. It was a savings bank before becoming a building society. A banking licence for trading was granted in 1942, under its name as Brisbane Building and Banking Company.

In 2013, BOQ purchased Virgin Money Australia for $40 million. In the agreement, BOQ has rights to the Virgin Money name in Australia for a period of four decades, while also paying royalty for the Virgin Group as well as Virgin is a member of BOQ’s board of directors. BOQ board.

BOQ introduced a brand new logo in 2013 “It’s possible to love a bank”.

BOQ announced a new five-year strategy focusing on growth and digitisation February 2020. The strategy included reducing certain of its 220 banking services it offered, and speeding up processing to address inefficiency