How to Buy Crypto with NAB Bank [2024]

Summary: To buy crypto with NAB Bank, we suggest using the reputable multi-asset investment platform eToro, which we have found to be the most secure and cost-effective for NAB users, as it provides low fees and a comprehensive selection of assets.

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. Other fees apply. For more information, visit etoro.com/trading/fees.

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

• eToro USA is registered with FINRA for securities trading.

30+ million Users

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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 NAB? 

Yes, you can buy crypto with NAB, but you need to connect to a licensed cryptocurrency exchange because neither NAB Bank nor NAB Trade do not offer cryptocurrency trading directly through their online platforms.

How to buy crypto with NAB?

The best way to buy Bitcoin or any other cryptocurrency with a NAB banking account in Australia is through a renowned 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 NAB: 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 NAB 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 NAB Bank

National Australia Bank, or NAB for short, is one of the Big Four banks in Australia, boasting an extensive network of 3,500 branches and 7,000+ ATMs across Australia, New Zealand, and Asia, serving 9 million customers. It provides a wide range of financial and banking services to private, business, and institutional clients. 

About NAB Trade

NAB Trade is an online trading platform from NAB Bank that offers a variety of investment products and services including stocks, options, ETF, and more.

However, NAB trading platform NAB Trade does not currently support crypto trading and doesn’t offer the opportunity to invest in digital currencies directly on their platform.

NAB crypto policy

While NAB Bank nor NAB Trade support crypto trading directly from their platforms, customers can buy digital assets by linking their NAB Bank accounts to regulated crypto exchanges.

NAB encourages its customers to stay vigilant against investment scams. They have outlined brief guidelines on their website for spotting fraud and staying safe online. 

How to buy crypto safely

Cryptocurrencies are inherently volatile and riskier than stocks or bonds, with a high incidence of scams and cybercrime. Plus, while crypto broker-dealers must comply with AUSTRAC‘s AML and CTF standards in Australia, the digital assets themselves lack regulation. 

Fortunately, there are steps you can take to ensure you’re being careful when buying crypto, such as:

• Research the cypto you want to buy: Make sure you understand how it works and what the risks are; 
• Only use a safe device: Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
• 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: Because the crypto market can be so volatile, you need to 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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