Exchanges

Buy Crypto and Bitcoin with NAB Trade

Summary: NAB Trade does not yet offer services for their clients to buy and sell digital assets. The fastest way for NAB Bank account holders to invest in cryptocurrencies via a regulated Australian exchange like CoinSpot.

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NAB Trade is one of Australia's most popular share trading platforms that is similar to CommSec by Commonwealth Bank, or ANZ Share Investing by ANZ Bank.

The NAB Trade platform enables Australian investors to buy, or sell ASX shares for $14.95 per trade on their secure stock brokerage platform. However, they do not currently offer any cryptocurrency services for their customers and clients.

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Can I buy Crypto with NAB Trade?

Unfortunately like other stock brokerage platforms in Australia, NAB Trade does not offer a way for customers to buy Bitcoin, Ethereum or other cryptocurrencies through the platform. NAB Trade is specifically designed to enable customers to buy ASX shares only.

You can invest in Crypto ETFs like Betashares through the NAB Trade platform, however this is generally an expensive and inefficient option. There is greater risk/reward when directly buying crypto assets like Ethereum or Solana, and you can also earn up to 10% APY when depositing these assets in staking platforms.

How to buy Crypto with NAB Internet Banking

If you are a customer of NAB Bank, you can easily connect your bank account to a trusted exchange like CoinSpot to get started investing.

Below is a simple guide to buy crypto with your NAB Online Banking account.

  1. Sign up to CoinSpot
  2. Submit your personal or company identification for onboarding
  3. Visit the Bank Details screen and connect your NAB Online Account
  4. Deposit the amount of AUD you wish to invest
  5. Select the 'Buy' screen in the navigation menu and select the crypto you want to buy
  6. Input the dollar amount you want to purchase and click 'Buy'!

Buy Crypto NAB Trade

NAB Cryptocurrency Policy

Although NAB Bank doesn't offer support for cryptocurrency buying through their online platform, they do allow for their customers to freely buy, sell and trade cryptocurrencies on other platforms.

Generally speaking, Australian banks like Commonwealth Bank, ANZ Bank or NAB Bank prefer that clients use Australian cryptocurrency exchanges that are regulated and highly regarded like CoinSpot.

Buy Crypto with NAB Trade

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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