How to Buy Crypto with ANZ Bank
ANZ customers looking to invest in Bitcoin or other digital assets should begin by joining an AUSTRAC-registered cryptocurrency exchange in Australia. These platforms allow ANZ bank transfer, debit, or credit card deposits for secure and lawful investments. It is important to join an Australian exchange, as local banks often block off-shore deposits.
Below is a simple 4-step guide using eToro, an exchange that facilitates fast, inexpensive AUD deposits from ANZ and provides access to over 3,000 diverse tradeable assets.
- Sign up to eToro for free and complete the verification requirements.
- Tap the 'Deposit Funds' button on the bottom left of your screen.
- Click 'AUD', select a payment method and transfer funds from ANZ.
- Complete your deposit and buy your desired crypto in the search bar.
Fees to Buy Crypto
When it comes to cryptocurrency purchase fees, several trading platforms impose a charge on deposits. Yet, eToro stands out by offering free deposit options to its users. The only fees involved with eToro revolve around transactions and withdrawals. A nominal 1% fee is applied to every digital asset transaction, while each withdrawal carries a fixed cost of $5.
Does ANZ Bank Allow Crypto Purchases?
Recently, ANZ Bank issued an updated policy on cryptocurrency, affirming its progressive stance towards digital currencies. According to this policy, ANZ Bank will not restrict its customers from buying, selling, or holding cryptocurrencies via AUSTRAC-registered exchanges. The bank has emerged as one of the leading crypto-friendly institutions in Australia, going as far as introducing its own AUD-backed stable coin, the A$DC.
About ANZ Bank
ANZ is one of the largest banks in Australia and New Zealand. It was founded in 1951 and is headquartered in Melbourne, Australia. The bank provides a wide range of financial services to around 8 million customers across 33 countries. These include personal banking, business banking, wealth management, insurance, and commercial financing services.
The bank has a long history of supporting the communities in which it operates. It does this through its employee volunteer program. ANZ employees donate their time and skills to help deliver vital services and programs to those who need it most. ANZ also has a strong focus on environmental sustainability and aims to be a carbon-neutral bank by 2025.
In conclusion, ANZ Bank offers a supportive environment for customers interested in investing in cryptocurrencies. By joining AUSTRAC-registered exchanges such as eToro, ANZ customers can securely invest in digital assets with low fees, all while using their preferred payment methods.
ANZ's progressive policy on cryptocurrencies, including the introduction of its own AUD-backed stable coin, the A$DC, further underscores its commitment to embracing the digital currency market. With its longstanding reputation and dedication to community and environmental initiatives, ANZ remains a leading choice for Australian crypto investors.