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How to buy Bitcoin with a Bank Transfer in Australia

The cheapest, fasted and most secure way to buy crypto using a bank transfer or electronic funds transfer (EFT).

Buying Bitcoin with a Bank Transfer


It is easy to buy Bitcoin in Australia with a bank transfer from Commonwealth Bank, NAB Bank, ANZ Bank or any other bank in the country.

To buy crypto with a bank transfer, all you need to do is sign up to a secure exchange in Australia, connect your bank account, deposit AUD and start investing.

The best Australian exchange that offers low-fee bank transfers and fast deposits is CoinSpot. They are the largest exchange in the country with over 1 million users.


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Australia's Best and Most Trusted Cryptocurrency Exchange

CoinSpot is Australia’s longest running Bitcoin and cryptocurrency exchange that offer over 250 different cryptocurrencies. Their platform enables users to instantly buy Bitcoin via a bank transfer from any local bank with Australian Dollars and extremely low fees.

They are the fastest way for you to get fiat money into crypto in Australia.

Pros

  • Australia's largest exchange in terms of users
  • Easy to use platform and offer an Android/iOS App
  • Instant AUD deposits and low fees on bank transfers

Cons

  • Doesn't offer leveraged trading

Payment Methods

  • POLi Pay & Osko
  • Bank Transfer
  • EFT
  • SWIFT
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Reputation
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
5 Star Buy Bitcoin Rating for Fees
Buy Bitcoin with Commonwealth Bank

How to buy Bitcoin in Australia with a Bank Transfer

01

Register your account with CoinSpot in Australia

02

Enable your 2FA with SMS or Google Authenticator for security

04

Select 'bank transfer' on your deposit screen and connect your Australian bank account.

05

Go to 'buy' and select 'Bitcoin'

06

Input the amount of Bitcoin you want to buy in Australian Dollars (AUD)

03

Verify your email address and personal information (KYC)

07

Preview your order an buy Bitcoin

Buy Bitcoin with a Bank Transfer