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How to buy Bitcoin with Westpac Online Banking (2021)

Summary: The best way to buy Bitcoin with your Westpac Online Banking account is through a trusted and regulated cryptocurrency exchange like CoinSpot. Founded in 2013, they have grown to become Australia's largest and most trusted digital asset exchange.

David Cohen

Editor at Buy Bitcoin Finder

Can I buy Bitcoin with Westpac?

If you are looking to start buying cryptocurrencies directly through your Westpac Online account, you are out of luck.

Westpac does not yet offer native services for their customers to buy and securely store cryptocurrencies like Bitcoin, Ethereum or Litecoin.

With that said, you can connect your Westpac Online Banking account to a secure Australian cryptocurrency exchange like CoinSpot.

How to buy Crypto with Westpac

The easiest way to buy cryptocurrency as a customer of Westpac is to deposit Australian Dollars from your account into a regulated exchange like CoinSpot. They offer instant AUD deposits and withdrawals for Westpac clients.

The guide below provides a high level overview of how to get started:

  1. Sign up to CoinSpot
  2. Submit your identity documentation and veridy your account
  3. Select the "Deposit Funds" button to deposit AUD
  4. Select your transfer method and deposit AUD
  5. Once you have funded the account, you can buy over 300 different crypto assets

Australian Cryptocurrency Exchange CoinSpot

Australia's Most Trusted 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 through their Westpac Online Banking accounts with Australian Dollars and low fees.

Fiat Currencies
Bitcoin, Ethereum, Chainlink, Tezos + 110 more
Trading Fees
0.1% - 1%
Deposit Methods
PayID/Osko, SWIFT, EFT, POLi and cryptocurrency
Visit CoinSpot