Can I Buy Crypto with ANZ Bank?
ANZ Bank does not offer any features that specifically aid in purchasing or trading cryptocurrencies. While the bank doesn't provide services tailored for crypto transactions, it does allow its customers to send funds to authorised digital asset exchanges in Australia. To protect your investments, choosing a platform regulated by the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC) is essential.
How to Buy Crypto with ANZ Bank
The safest method for ANZ Bank customers to buy and sell cryptocurrency is transferring funds to a regulated digital asset exchange and converting them directly for crypto. As previously mentioned, eToro is the best and most trusted exchange for ANZ Bank customers. It offers instant AUD deposits through several payment methods, including POLi, Bank Transfer, Credit Card, Debit Card, Skrill, Neteller, or PayPal.
ANZ Bank customers can begin trading thousands of assets including cryptocurrencies on eToro by following this easy guide:
- Create a free account on eToro and complete the verification requirements.
- Tap 'Deposit Funds', select a method, and transfer AUD from ANZ Bank.
- Go to the search bar, find the crypto you want to buy, and tap 'Trade'.
- Input the amount you want to invest in the token and tap 'Open Trade'.
ANZ Bank Cryptocurrency Policy
ANZ is a crypto-friendly banking institution and launched its very own stablecoin, A$DC in 2022. The token is pegged to the price of the Australian dollar and is the first official bank-backed cryptocurrency in Australia. ANZ acknowledges the potential crypto and blockchain technology has to transform the financial landscape completely and freely allows its customers to buy and sell crypto through digital asset exchanges regulated by AUSTRAC or ASIC.
About ANZ Bank
ANZ Bank, short for Australia and New Zealand Banking Group Limited, is one of the largest and most influential financial institutions in the Asia-Pacific region. Established in 1835, ANZ Bank provides a comprehensive range of banking and financial products and services to more than 10 million customers worldwide. The bank operates in 33 markets globally, representing Australia, New Zealand, Asia, the Pacific, Europe, America, and the Middle East.
The bank's features include retail banking, commercial banking, wealth management, and institutional banking services. As a part of its commitment to sustainable growth, ANZ is known for integrating environmental, social, and governance (ESG) principles into its business operations. Known for its strong financial performance, and technology-driven solutions, ANZ Bank remains a leading choice for banking and financial services in its operational markets.
The Bottom Line
To sum up, ANZ Bank does not directly offer cryptocurrency trading, but customers can invest in the asset class through ASIC-regulated digital currency exchanges. Our analysis identifies eToro as the top choice for ANZ customers due to its security and transparency, support for multiple AUD deposit methods, low fees, and diverse asset offerings spanning six categories. Additionally, eToro is regulated by both ASIC and AUSTRAC in Australia and is considered the safest and most trustworthy platform in the country.