The best way to buy Bitcoin with your Bendigo Bank account is by going through a licensed cryptocurrency investing platform like eToro.

They offer free AUD deposits for Bendigo Bank account holders to buy and sell over 50 cryptocurrencies including Bitcoin, Ethereum and Solana.

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Can I buy Bitcoin with Bendigo Bank?

If you are wanting to invest in Bitcoin or any cryptocurrency directly through the Bendigo Bank platform, you will be unsuccessful. This is because most major banks in Australia do not currently support a cryptocurrency investing feature on their platforms.

Not to worry, there are alternative and secure options for Bendigo Bank account holders to invest in Bitcoin. You simply need to link your Bendigo Bank account with a secure, licensed cryptocurrency exchange like eToro.

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How to buy Bitcoin & Crypto with Bendigo Bank

We recommend using eToro as it's the most secure and affordable way to deposit Australian Dollars from your Bendigo Bank account. It is one of the most secure cryptocurrency exchanges in Australia and offer $0 Deposit Fees.

Follow the guide below to get started.

  1. Sign up to eToro Australia
  2. Complete your verification and press 'Deposit Funds'
  3. Enter the amount of AUD you wish to invest and press 'Continue'
How to buy Bitcoin Bendigo Bank

You will then be redirected to this page with instructions on how to proceed with the bank transfer. Please note that bank transfers can take from 4 to 7 working days to reflect in your account.

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Bendigo Bank Crypto Policy

Bendigo Bank have not issued any official statements in regards to cryptocurrencies and no reports have been issued of users accounts being frozen when investing in cryptocurrencies. They do not have any policies that would prohibit their account holders from trading any form of digital asset or cryptocurrency.

Meaning that Bendigo Bank will not stop you from depositing and withdrawing funds from licensed digital asset exchanges.

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Fees - Deposit & Trading

When investing in Bitcoin, there are two fees investors need to consider when depositing with Bendigo Bank.

  • Deposit Fee - This fee is charged when you deposit AUD¬†into your exchange account
  • Trading Fee - This is the fee you will incur when trading your AUD for Bitcoin (BTC)

However, with the eToro platform, depositing AUD from your Bendigo Bank account is completely free. To make it better, eToro also do not charge any fees to trade Bitcoin, meaning you will pay zero fees when investing in Bitcoin through their exchange.

For a comprehensive review of eToro, please visit our eToro Review page.

Visit eToro Australia
Posted 
March 30, 2022
 in 
Crypto Banks
 category

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