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How to Buy Crypto with Suncorp in Australia

Last updated on November 12, 2023

Quick Summary: While Suncorp 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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Suncorp Homepage

As mentioned in my quick summary, like most Australia banks, Suncorp 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.

Thankfully there are many crypto trading platforms 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 Suncorp

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 crypto

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 Suncorp.

Buy Crypto With eToro

About Suncorp

Suncorp Bank is a part of the Suncorp Group, with head offices in Brisbane, Australia. Since its inception in 1902 in the form of it was known then as Queensland Agricultural Bank, Suncorp Bank has grown to become the sixth-largest banking institution in Australia.

Suncorp Group Limited is an Australian finance banking, insurance, and banking company based within Brisbane, Queensland, Australia. It is among Australia’s banks with a mid-size (by the combination of deposits and lending) and also the country’s largest general insurance group created on December 1, 1996 following merging of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC).

Suncorp is a major player in banking and wealth, such as life insurance and general insurance commercial insurance Compulsory Third Party (CTP) as well as finance, banking superannuation agricultural bank, as well as business banking with with the most notable only exception being health insurance. Suncorp is the largest bank and insurance company with its headquarters in Brisbane.

On April 19, 2009 Suncorp revealed a change in the name of the bank arm of the business as Suncorp Bank. The purpose behind the change in branding is to present the company with an impression it is Suncorp operates as a banking institution that has an insurance arm, and not an insurance company that has an banking division. On July 20, 2022 Suncorp Group agreed terms to sell Suncorp Bank to the Australia & New Zealand Banking Group for $5 billion. The deal , which is subject to approval by the regulator could take about 12 months to be completed.