How to Buy Crypto with ANZ Bank [2024]

Summary: If you want to buy crypto with ANZ bank, we recommend using a trusted multi-asset investment platform, eToro. After testing over ten popular trading platforms, we concluded eToro to be the safest and most cost-effective option for ANZ Bank customers, with its low trading fees and wide selection of digital assets. 

Best Crypto Exchange for Intermediate Traders and Investors

• Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Can you buy crypto with ANZ? 

You can buy crypto with ANZ, but you need to link your bank account to a licensed cryptocurrency exchange as ANZ Bank does not offer the buying and selling of cryptocurrency directly through its platform.

How to buy crypto with ANZ?

The best way to buy crypto with an ANZ Bank account in Australia is through an upstanding broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading,” which enables users to copy top-performing crypto traders, in addition to a staking service, custom watchlist, as well as advanced charts and technical analysis tools. 

How to buy crypto with ANZ: Step-by-Step

You can get started in minutes with four simple steps:

• Step 1: Create an account on eToro and complete your verification (personal or company);
• Step 2: Enter the AUD amount you want to deposit on the eToro platform;
• Step 3: Connect your ANZ account to deposit your selected fiat currency;
• Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Disclaimer: eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Crypto assets are unregulated and highly speculative. There is no consumer protection. You risk losing all of your capital. Refer to eToro’s Terms and Conditions. See full disclaimer.

About ANZ

Australia and New Zealand Banking Group Limited (ANZ), or ANZ for short, is an Australian multinational financial institution headquartered in Melbourne, Australia. ANZ is one of the Big Four banks in Australia, as well as being the second-largest bank by assets and fourth-largest bank by market cap. It provides a broad range of banking and lending products to individuals, as well as financial services to institutional and corporate customers. 

ANZ crypto policy

ANZ is a crypto-friendly bank. In fact, they were the first Australian bank to successfully mint a digital asset linked to the country’s currency. 

That said, like most retail banks, ANZ does not offer the buying, selling, or trading of cryptocurrencies directly through its own platform. However, ANZ customers can link their banking accounts to regulated crypto exchanges if they wish to invest in digital assets.

How to buy crypto safely

Cryptocurrencies are notoriously volatile and riskier than traditional investments, with an ecosystem rife with scams and cybercrime that can ensnare investors of all experience levels. Additionally, while Australian crypto broker-dealers must follow AUSTRAC‘s anti-money laundering and counter-terrorism financing regulations, the digital currencies themselves are unregulated. 

This is why implementing safety precautions is crucial to reduce risks while dealing with digital assets. Here are a few to keep in mind:

• Research the cryptocurrency you want to buy: Make sure you understand the specific coin you’re interested in;
• Only use a safe device: Always use your personal computer with a VPN;
• Choose a reputable exchange: Ensure the exchange is licensed by the appropriate regulators in your country and has a solid track record;
• Secure your account: Use two-factor authentication and a strong password to protect your account;
• Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers;
• Don’t invest money you can’t afford to lose: Be conservative with your investments, particularly in the beginning;
• Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

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