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How to Buy Crypto with St George Bank in Australia

Last updated on November 18, 2023

Quick Summary: While St George 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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St George Bank Homepage

As mentioned in my quick summary, like most Australia banks, St George Bank 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 cryptocurrency 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 St George Bank

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 St George Bank.

Buy Crypto With eToro

About St George Bank

St.George Bank is an Australian bank that has its headquarters in Sydney. Following a merger in 2008 St.George Bank has been a member of Westpac after being previously an entity that was a separate legal entity. In 2010 St.George was registered as a business and stopped to be a distinct bank that was a deposit-taking institution with a valid license.

The bank offers services mostly for New South Wales, but it has a growing presence across various industry as well as business sectors within Queensland as well as Western Australia, and in Victoria prior to the relaunched for its Bank of Melbourne brand in July 2011. (also another subsidiary within Westpac). St.George also has operations within South Australia and the Northern Territory through it’s subsidiary BankSA. St.George has a huge number of retail branch locations and ATMs throughout Australia and also has back offices located in Bangalore, India.

St.George typically promotes itself as more friendly and customer-service-oriented than the “big four” banks operating nationally in Australia, although it is now a part of the Westpac Group. The bank was previously acknowledged as a leader in customer service in surveys conducted by third parties however the 2010 CHOICE consumer survey revealed that customer satisfaction was at par with those of the “big four”, lagging behind smaller credit companies.