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Can you buy Bitcoin with a Westpac Bank Account?

We show you the fastest and safest way to purchase Bitcoin in Australia through Westpac.

Buying Bitcoin through Westpac Bank in Australia


Customers of Westpac Bank have many options when it comes to purchasing Bitcoin in Australia through their account. As the industry has grown more mature since its inception in 2011 - banks like Westpac have become much more open to their customers purchasing cryptocurrencies, making it extremely easy for their clients to buy their first Bitcoins.

In Australia, the best exchange for Westpac Bank holders to buy BTC is through the most popular exchange in the country, CoinSpot.

They are the largest and most trusted Bitcoin exchange in Australia that enables users to buy Bitcoin with the lowest fees and fastest deposits. Their platform offers fast AUD deposits and withdrawals for Westpac customers - making it fast and easy to get in and out of crypto.

Buy, sell and trade over 250 cryptocurrencies instantly

Established in 2013, CoinSpot is one of the longer running Bitcoin and cryptocurrency exchanges in Australia. CoinSpot offer Bitcoin, Ethereum, Dogecoin and over 250 different cryptocurrencies with a simple and easy to use interface for beginners to buy Bitcoin and different digital assets.

Their exchange has quickly grown to be a favoured choice among retail investors due to the large range of cryptocurrencies.

Pros

  • Wide range of Australian bank accounts on CoinSpot
  • CoinSpot is a respected and regulated exchange
  • Easy to use CoinSpot app

Cons

  • Fees for instant buys are 1%
  • High spreads and expensive Bitcoin price

Payment Methods

Bank Transfer
Cash
PayID
Osko
POLi Pay
Useability
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Reputation
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Privacy
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Fees
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Buy Bitcoin with CoinSpot

How to buy Bitcoin Australia through your Westpac Account

01

Register an Australian account with CoinSpot

02

Enable your 2FA to ensure best security

04

Deposit AUD into your account via your Westpac account

05

Go to 'Trade' and select 'Bitcoin' or another cryptocurrency you wish to purchase

06

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

03

Verify your account details for complete verification and higher deposit limits

07

Preview your order an buy Bitcoin

Buy Bitcoin with Westpac