How to Buy Crypto with NAB Bank

For NAB clients interested in investing in Bitcoin or other cryptocurrencies, the first step is to register on an AUSTRAC-accredited crypto exchange based in Australia. These platforms offer options for NAB bank transfers, debit, or credit card deposits, ensuring secure and legal transactions. As previously mentioned, the best option for Aussie investors is eToro.

The following is an easy 4-step guide using eToro, a platform that supports quick, cost-effective AUD deposits from NAB and offers access to a wide array of over 3,000 tradable assets.

  1. Register on eToro for free and fulfill all verification prerequisites.
  2. Press the 'Deposit Funds' button located on the bottom left of your screen.
  3. Select 'AUD', choose a suitable payment method, and transfer funds from NAB.
  4. Once the deposit is complete, search for and buy your chosen cryptocurrency.
How to Buy Crypto with NAB.

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Fees to Buy Crypto

When it comes to buying cryptocurrency, many Australian cryptocurrency exchanges levy a fee on deposits. However, eToro distinguishes itself by providing zero-fee deposit alternatives to its clients. The only costs applied is a modest 1% fee is levied everytime you buy or sell a crypto. This approach makes eToro an appealing choice for cryptocurrency enthusiasts who want to avoid high fees.

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Does NAB Allow Crypto Purchases?

NAB Bank has recently announced a new directive related to cryptocurrency, showcasing its forward-thinking approach toward digital currencies. As per this policy, NAB Bank assures no hindrance for its customers in purchasing, trading or retaining cryptocurrencies through exchanges registered with AUSTRAC. This pioneering stance has positioned NAB Bank as one of the premier crypto-accommodating establishments in Australia.

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‍About National Australia Bank

The National Australia Bank (NAB) is one of the largest financial institutions in Australia, offering a diverse range of banking and financial services to millions of customers. Established in 1982, NAB has grown through strategic mergers and acquisitions, solidifying its position as a leading banking group in the region. 

With a strong focus on customer satisfaction, innovation, and responsible lending, NAB provides personal and business banking, wealth management, and institutional banking solutions. As a major player in the Australian financial landscape, NAB continuously adapts to evolving market conditions, technological advancements, and shifting customer preferences to maintain its competitive edge.

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Conclusion

In summary, while NAB Bank and NAB Trade do not offer a crypto investing feature, the bank's customers can buy digital assets directly through an AUSTRAC-registered exchange. Our expert team has conducted a detailed investigation into the top trading platforms in the country and determined that eToro is the best option for NAB customers as it offers low fees, a wide range of assets and a secure trading environment.