Buy Crypto with a Bank Transfer in Australia

How to buy crypto quickly with a Bank Transfer in Australia

How to buy Crypto with a Bank Transfer in Australia

Buying Bitcoin and crypto with a bank transfer from Commonwealth Bank, ANZ Bank or any other bank account in the country is extremely easy.

First, you must select the best crypto exchange in Australia for you and your bank. We generally recommend CoinSpot as the easiest exchange to use for Australians, plus they offer free AUD deposits and low fee trading from almost all Aussie bank accounts.

Below is a quick guide to start buying crypto with a Bank Transfer on CoinSpot.

  1. Sign up to CoinSpot
  2. Complete your onboarding and verification
  3. Find the 'Deposit' screen and select bank transfer (see image below)
  4. Add the deposit details to your bank and send the AUD amount you would like to start with
  5. Once your dollars are deposited, you can now buy any crypto on CoinSpot

James Glennon

I spent 5 years as a Commercial Lawyer in Australia before stumbling across the innovations behind Bitcoin and the cryptocurrency space. Ever since, I have been committed to learning more and educating the broader Australian community about Bitcoin, hard money, investing and decentralized finance.