Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

ANZ customers can transfer funds to regulated Australian exchanges to buy cryptocurrencies like Bitcoin and Ethereum. It's crucial to choose an AUSTRAC-registered platform for compliance.

eToro is recommended for its quick AUD deposits, low fees, and access to over 4,500 assets, including digital currencies, stocks, and ETFs. eToro also offers staking services on various coins for earning yields on assets.

Capital at risk. See eToro PDS and TMD. AFSL 491139.
eToro Australia
eToro Australia

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with ANZ Bank?

ANZ Bank doesn't offer direct cryptocurrency trading services. However, as an ANZ customer, you can transfer funds to authorised digital asset exchanges in Australia. For safe transactions, use platforms regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Remember, ANZ Bank’s app doesn't support integrated crypto wallets, so you'll need to use external digital asset exchanges in Australia for securely storing and managing your digital currencies like Bitcoin.

How to Buy Crypto with ANZ Bank

For ANZ Bank customers aiming to invest in cryptocurrencies, eToro is a reliable and user-friendly platform. It facilitates quick AUD deposits via methods like POLi, bank transfer, and card payments. eToro offers a wide range of over 4,500 assets, complemented by competitive trading fees.

  1. Account Registration: Sign up on eToro and complete the verification.
  2. Deposit Funds: Choose 'Deposit Funds', select a method, and transfer AUD from ANZ Bank.
  3. Find Crypto: Search for your desired cryptocurrency and hit 'Trade'.
  4. Make Investment: Enter the amount to invest and click 'Open Trade'.

Does ANZ Block Cryptocurrency Transactions?

No, ANZ supports its customers' engagement in the digital currency landscape by permitting transfers to recognised cryptocurrency trading platforms. This approach is part of ANZ's broader strategy to offer a diverse range of financial solutions, empowering its users to explore the evolving cryptocurrency sector responsibly and securely.

ANZ encourages its clients to conduct transactions with platforms that comply with the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations enforced by the Australian Transaction Reports and Analysis Centre (AUSTRAC). This policy reflects the bank's commitment to providing safe and reliable financial services.

Digital Asset Investing Fees

Diving into the costs linked to digital asset platforms is crucial for savvy financial choices. Here's a breakdown of eToro's charges:

  • Account Funding: Loading your eToro wallet might incur fees. USD deposits are free, but adding AUD funds might cost 1.5% to 3%.
  • Withdrawal Charges: eToro simplifies withdrawals with a fixed $5 fee to move fiat currencies to your bank. Crypto transfers have variable fees depending on the network's current load.
  • Transaction Fees: Each trade on eToro charges a 1% fee plus the spread, which is the buy-and-sell price gap of your asset. 

For those trading often or managing large portfolios, eToro's premium tiers could cut down costs and offer perks like personal account managers.

Closing Thoughts

In summary, ANZ Bank’s measured stance towards cryptocurrency investment opens a pathway for customers to navigate the digital asset landscape securely. By facilitating fund transfers to regulated exchanges like eToro, ANZ ensures a blend of compliance and convenience, empowering its customers to confidently engage with the evolving crypto space.

Author

Nick Ng is a skilled analyst at StacksOnChain with expertise in both cryptocurrencies and traditional finance. His research offer valuable insights into market trends and investment opportunities for readers.

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