How Tos

How to buy Bitcoin or Crypto with Macquarie Bank

Summary: The safest and easiest way to buy Cryptocurrencies with a Macquarie Online Banking account is with CoinSpot. They offer fast and free AUD deposits via bank transfer to trade over 370 digital currencies like Bitcoin & Ethereum.

By 
Austin Barwick
 on  
June 9, 2022
Verified Author

Macquarie Bank does not directly offer cryptocurrency services that enable its customers to buy or sell digital assets through its online banking platform. Macquarie also does not provide custodial services that would allow clients to securely store their cryptocurrencies with the bank.

This ultimately means that customers will need to find a licensed and regulated digital asset trading platform to invest in the asset class. With this method, you will be able to deposit Australian Dollars (AUD) to securely and legally buy Cryptocurrencies.

Table of Contents

How Crypto with Macquarie Bank in Australia

The easiest way to buy Bitcoin and Crypto in Australia is with an AUSTRAC-regulated exchange like CoinSpot. They are Australia's largest and most trusted exchange with over 2 million users and 370 cryptocurrencies available to buy and sell.

You can get started buying digital assets from your Macquarie account in 4 simple steps:

  • Step 1: Sign up to the CoinSpot Australia trading platform.
  • Step 2: Deposit AUD from your Macquarie Bank account via Bank Transfer, POLi, PayID, Osko or Cash.
  • Step 3: Find the digital asset you want to buy on their platform.
  • Step 4: Input the AUD amount you want to invest and execute your trade.
Buy Crypto Macquarie Bank

Once you finalise your investment, your cryptocurrency will be automatically stored in your CoinSpot managed wallet for secure custody. You can choose to leave it here, or withdraw it into another wallet.


Macquarie Bank Crypto Trading Fees

The fees to buy and sell Cryptocurrency through your Macquarie Bank account are incredibly cheap. If you deposit AUD into CoinSpot via Osko or PayID, the transfer is completely free. Then you will pay a 0.1% fee to buy Crypto on the CoinSpot platform via their Market Order feature.

You can read more about this feature in our CoinSpot Review.


About Macquarie Bank

Macquarie Bank is one of the largest banks in Australia. They offer a wide range of services including personal banking, home loans, credit cards, and business banking. They were founded in 1975 and have since grown to become one of the leading financial institutions in the country.

Macquarie Bank has a strong focus on providing excellent customer service and offers a wide range of features and benefits to its clients. They are an excellent choice for those looking for a reliable and reputable bank in Australia.

Visit CoinSpot

Author Bio

Austin is a NFT and Metaverse maniac - with over 20% of his portfolio invested into the space. He is our resident multi-chain NFT expert.

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