What is ANZ

ANZ Bank, formerly known as the Australia and New Zealand Banking Group, is a multinational banking and financial services company headquartered in Melbourne, Australia. It was founded in 1951 through the merger of The Bank of Australasia and The Union Bank of Australia Limited.

The bank offers retail and commercial banking, wealth management, institutional banking, and international and global banking services to its customers. Unfortunately, it does not currency support cryptocurrency-investing services through its platform. The best way to buy crypto with ANZ Bank is by going through the most secure digital asset exchange in Australia, CoinSpot.

CoinSpot Exchange.
CoinSpot Exchange.

How to buy Crypto with ANZ Bank

The safest way to buy cryptocurrencies with ANZ Bank is by using the CoinSpot exchange. ANZ Bank account holders can deposit funds to CoinSpot via PayID, POLi, BPAY, Osko, Bank Transfer, Credit/Debit Card or Cash. Follow the below steps to get started.

  1. Create a free account on CoinSpot, verify your email address and complete the KYC requirements.
  2. Tap ‘Deposit Funds’, select a method and send AUD to CoinSpot from ANZ.
  3. Head to the 'Markets' or 'Buy/Sell' tab and find the token you want to buy.
  4. Input the amount of AUD you wish to invest and click the 'Buy' button.
How to buy Crypto with ANZ Bank.
How to buy Crypto with ANZ Bank.

ANZ Bank Cryptocurrency Policy

ANZ Bank does not currently support the buying, selling, or trade of cryptocurrencies through its platform. However, ANZ does recognise the potential benefits and opportunities that digital assets can bring to the financial landscape. The bank is closely monitoring developments in this space and remains open to exploring potential partnerships and collaborations in the future. 

In the meantime, customers are able to access their cryptocurrency holdings through ASIC-regulated third-party providers like CoinSpot. There is nothing stated in ANZ’s banking policies that would prohibit its users from investing in digital assets. Furthermore, there have been zero reports of users' funds being frozen when transferring AUD to a secure crypto exchange.