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How to Buy Crypto with Macquarie Bank [2024]

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

Summary: If you want to buy crypto with Macquarie Bank, we suggest using a regulated multi-asset investment platform. After analyzing over ten other trading platforms, we found eToro to be the best choice for Macquarie Bank customers, as it offers low fees, a wide selection of crypto coins, and a global presence. Moreover, eToro is regulated by the Australian Securities and Investments Commission (ASIC), making it a safe as well as cost-effective option.

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 Macquarie Bank? 

You can buy crypto with Macquarie, but you need to link your bank account to a licensed cryptocurrency exchange, as Macquarie Bank does not offer cryptocurrency trading directly through its platform.

How to buy crypto with Macquarie Bank?

The best way to buy crypto with Macquarie Bank 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 Macquarie: 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 Macquarie 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 Macquarie Bank: eToro banner.
Crypto on eToro. Source: eToro.com

About Macquarie bank

Macquarie is an Australian bank that operates as a subsidiary of Macquarie Group Limited. The bank provides a comprehensive selection of retail and business banking as well as financial services, primarily in Australia. 

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

Macquarie bank crypto policy

Macquarie bank does not offer the buying, selling, or trading of cryptocurrencies through its own platform. That said, Macquarie customers can connect their banking accounts to regulated crypto exchanges if they wish to invest in digital assets.

The bank urges its clients to stay mindful of crypto investments, with risks outlined in this cautionary report

How to buy crypto safely

To buy cryptocurrencies safely, consider these guidelines:

  • Utilize AUSTRAC-approved exchanges: Always use exchanges approved by AUSTRAC to ensure they comply with national standards; 
  • Strengthen login security: Set up two-factor authentication and a robust password for all crypto accounts; 
  • Knowledge is power: Thoroughly research the crypto assets before investing; 
  • Opt for secure wallets: Store your crypto in secure crypto wallets for better protection; 
  • Invest within your means: Allocate funds you can afford to lose, considering crypto’s inherent volatility;
  • Keep on top of the news: Stay informed about the crypto world’s latest trends and security protocols.

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 Macquarie?

While Macquarie 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 Macquarie?

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

What crypto exchanges does Macquarie allow?

Customers can connect their Macquarie account to a licensed cryptocurrency exchange to buy crypto. 

What is Macquarie’s crypto policy?

Macquarie bank’s crypto policy allows its customers to use their accounts to buy, sell and trade digital assets through regulated exchanges. 

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.

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