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How to buy Bitcoin with CommSec (2021)

Summary: The best way to buy Bitcoin as a CommBank customer is with CoinSpot. They are Australia's largest and most trusted exchange that offers over 300 different cryptocurrencies for low trading fees.

Tanya Chen

Editor at Buy Bitcoin Finder

Can I buy Bitcoin on CommSec?

If you are looking to buy Crypto on CommSec in Australia, you are out of luck.

The Commonwealth Bank of Australia does not yet offer support for its customers to buy Bitcoin, Ethereum or other cryptocurrencies directly from the CommSec App, or the CommBank App.

However, you can connect your CommBank account to a trusted cryptocurrency exchange in Australia and deposit Australian Dollars to start investing.

How to buy Bitcoin with CommBank

We recommend using CoinSpot to buy crypto through a CommBank account. They are Australia's most trusted exchange and enable instant deposits and withdrawals with low fees using a Commonwealth Bank account.

  1. Sign up to CoinSpot Australia
  2. Complete your identity verification and onboarding
  3. Select the 'Deposit Funds' button on the top of the page
  4. Select your method of deposit and connect your Commonwealth Bank account as shown below.

Commonwealth Bank Deposit Options

Users on CoinSpot have multiple deposit options, including PayID, POLi Pay, Bank Transfers, SWIFT and many more.

Once the Australian Dollars are in your account, simply visit the ‘Buy’ screen and select buy Bitcoin, or the cryptocurrency of your choice.

CommBank Cryptocurrency Policy

The Commonwealth Bank does not have any internal banking policies that ban clients from trading Bitcoin or any other crypto asset. This means that as a CommBank account holder, you can freely deposit and withdraw Australian Dollars into trusted crypto investing platforms like CoinSpot.

Visit CoinSpot