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How to Buy Crypto with Bendigo & Adelaide Bank in Australia

Last updated on November 12, 2023

Quick Summary: While Bendigo & Adelaide 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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Bendigo & Adelaide Bank Homepage

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

There are a large number of crypto exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Bendigo And Adelaide Bank

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 Bendigo & Adelaide Bank.

Buy Crypto With eToro

About Bendigo & Adelaide Bank

Bendigo and Adelaide Bank is an Australian financial institutionthat specializes mostly in the field of retail banking. The business was created through an amalgamation of Bendigo Bank and Adelaide Bank in November 2007.

Prior to the merger Bendigo Bank delivered its products and services through nearly 90 outlets across the country, including more than 160 corporate owned branches, 220 owned by community Community Bank branches of Bendigo Bank 100 agencies, and 400 Elders’ outlets. The bank’s branches are located mostly located in Victoria in Victoria and Queensland. The bank now has more than 400 branches, including the 25 which were created by the marriage of Adelaide Bank.

National headquarters are in Bendigo, the city. Bendigo with a significant branch located in Adelaide, South Australia and regional offices in Docklands, Melbourne and Ipswich, Queensland.

Community banking is based on a ‘profit-with-purpose’ model, which means that profits are returned directly to the community that has generated them, after paying branch running costs. The program was developed in response to the mass closing of bank branches, mostly in rural regions. Bendigo Bank has since extended the program to cities that have banking services. In the years since 1998 Bendigo Community Banks have invested over $272 millions to local communities.