Skip to content

How to Buy Crypto with Bendigo Bank [2024]

How to Buy Crypto with Bendigo Bank [2023] | Step-by-Step Guide
Diana Paluteder

Summary: To buy crypto with Bendigo Bank, we recommend going through a regulated multi-asset investment platform. After analyzing over ten popular trading platforms, we concluded eToro to be the best choice for Bendigo customers, as the platform offers a selection of 80+ digital assets, low trading fees, and is regulated by the Australian Securities and Investments Commission (ASIC). Therefore, it is a cost-effective and safe choice for crypto investors in Australia.

Best Crypto Exchange for Intermediate Traders and Investors

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

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
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 Bendigo Bank? 

Yes, you can buy crypto with Bendigo Bank, but you need to link your bank account to a licensed cryptocurrency exchange to do so because Bendigo Bank does not offer cryptocurrency trading services directly through its platform.

How to buy crypto with Bendigo Bank?

The best way to buy crypto with a Bendigo Bank account in Australia is through an AUSTRAC (Australian Transaction Reports and Analysis Centre)-registered and ASIC (Australian Securities and Investments Commission)-regulated 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 Bendigo Bank: 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 Bendigo Bank 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.
How to Buy Crypto with Bendigo Bank: eToro banner.
Crypto on eToro.Source: eToro.com

About Bendigo Bank

Bendigo Bank is a retail bank offering a vast array of financial and banking services to individuals and businesses from over 500 locations across Australia. Complementing its banking services, Bendigo Bank also provides an online e-trading platform known as Bendigo Invest, featuring two distinct trading platforms tailored for beginners and experienced traders alike. 

How to Buy Crypto with Bendigo Bank: Homepage screenshot.
Bendigo Bank’s homepage. Source: Bendigobank.com.au

Bendigo Bank crypto policy

Although Bendigo Bank provides a trading platform, it does not include the option for cryptocurrency transactions. Therefore, customers looking to buy crypto with Bendigo will need to connect their bank accounts to regulated cryptocurrency exchanges.

How to buy crypto safely

To buy cryptocurrency safely, follow these steps: 

  • Select a regulated exchange: Choose an exchange registered with AUSTRAC that adheres to Australian regulations;
  • Account security: Enable two-factor authentication and use a robust and unique password for your exchange account;
  • Educate yourself: Understand the cryptocurrency market and the assets you intend to invest in; 
  • Secure storage: Keep your crypto in a secure crypto wallets
  • Invest responsibly: Only invest money you can afford to lose, given the volatile nature of cryptocurrencies.
  • Stay informed: Regularly update yourself on the latest security practices and market conditions.

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

FAQs: 

Can you buy crypto with Bendigo Bank?

While Bendigo Bank doesn’t offer crypto trading directly through its own platform, customers can link their accounts to a regulated crypto broker to buy digital assets.

How to buy crypto with Bendigo Bank?

You can buy crypto with Bendigo Bank by connecting your account to a licensed third-party cryptocurrency platform.

What crypto exchanges does Bendigo Bank allow?

Customers can connect their Bendigo Bank account to a licensed cryptocurrency exchange to buy cryptocurrency. 

What is Bendigo Bank’s crypto policy?

Bendigo Bank allows its customers to use their accounts to buy, sell and trade digital assets through regulated exchanges. 

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related guides

Contents