How To Buy Crypto with ANZ Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a cryptocurrency trading platform. However, that doesn’t mean you can’t use your ANZ Bank account to buy crypto.

All you need is a reliable and trusted crypto exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with ANZ Bank

As stated above, just like with the vast majority of Australian banks, you can’t buy crypto with ANZ Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a cryptocurrency exchange.

However, there are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.

1. Choose a crypto trading platform

While there are a lot of cryptocurrency trading platforms, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your ANZ Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About ANZ Bank

Australia and New Zealand Banking Group Limited is an Australian multinational financial services and banking company based in Melbourne. It is Australia’s second-largest banking group by assets and third largest by market capitalisation.

ANZ, together with the Commonwealth Bank (NAB), National Australia Bank (NAB), and Westpac, is one of Australia's four largest banks. Its current corporate entity was formed on 1 October 1970 when Australia and New Zealand (ANZ) Bank merged into the English, Scottish & Australian Bank.

It was the biggest bank merger in Australian history. The ANZ Bank was in turn formed in 1951 from the merger of the Bank of Australasia (established in 1835) and the Union Bank of Australia (established in 1837).

ANZ's Australian operations comprise the largest portion of its business. The dominant sectors are commercial and retail banking. ANZ is New Zealand's largest bank. The legal entity was originally known as ANZ National Bank Limited, but it changed to ANZ Bank New Zealand Limited (2012-2012). Between 2003 and 2012, it owned two brands in New Zealand: ANZ, and the National Bank of New Zealand. In 2012, the National Bank brand was defunct. There were a few branches that closed and others that converted to ANZ branches.

ANZ has operations in Australia and New Zealand as well as 34 other countries. [6]

ANZ and its subsidiaries have a combined workforce of 51,000 employees. They serve around nine million customers in the world. The bank serves six million customers in Australia through more than 570 branches.

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