How Tos

How to buy Crypto with Bank of Queensland

Summary: The Bank of Queensland (BOQ) does not directly offer services for its clients to buy and sell Bitcoin and cryptocurrencies. Investors will need to use an exchange like CoinSpot to trade Cryptos in Australia.

By 
Austin Barwick
 on  
June 3, 2022
Verified Author

The Bank of Queensland, or BOQ, is one of the largest financial institutions in Australia. It offers a wide range of banking products and services to its more than one million customers nationwide. However, it does not offer any direct services for buying and selling Bitcoin and other cryptocurrencies.

Table of Contents

How to buy Crypto in Australia with Bank of Queensland

Investors who wish to trade cryptocurrencies will need to use a dedicated exchange like CoinSpot. Their platform will allow you to deposit AUD from your BOQ online banking login to trade over 370 different cryptos. It offers a simple and easy-to-use platform, as well as competitive fees.

You can get started with this simple guide:

Step 1: Sign up to the CoinSpot Australia platform and verify your personal details.

buy crypto bank of queensland

Step 2: Select the 'Deposit Funds' tab on your dashboard.

Deposit AUD Bank of Queensland

Step 3: Select the Bank of Queensland and your preferred deposit method (POLi, PayID or Direct Deposit recommended).

deposit aud BOQ

Step 4: Once the fiat arrives (it is instant), you will be able to buy any of the 370+ cryptocurrencies listed on CoinSpot.

When you complete your Crypto purchase with CoinSpot, your digital assets will be automatically stored on your CoinSpot Managed Wallet. For more information, please read our CoinSpot Review.


About Bank of Queensland (BOQ)

The Bank of Queensland is one of Australia’s big four banks, with over 1.3 million customers and more than AUD$130 billion in total assets. It offers a wide range of banking products and services, including home loans, personal loans, credit cards, and transaction accounts. The bank also has a strong focus on supporting small businesses in Australia.

The Bank of Queensland has a long history dating back to 1874, making it one of the oldest banks in Australia. It is a publicly-listed company on the Australian Securities Exchange (ASX: BOQ) and is part of the S&P/ASX 200 index. The bank has a strong reputation and is known for its excellent customer service. It has won multiple awards, including Canstar’s Bank of the Year – Regional Banks award in 2020.

Buy Crypto Bank of Queensland

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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