Summary: Bendigo Bank does not currently offer Cryptocurrency investing services directly through its online banking platform. Instead, customers will need to deposit Australian Dollars (AUD) into an AUSTRAC-regulated exchange to invest in digital assets like Bitcoin or Ethereum.
The best and most secure digital asset exchange for Bendigo Bank customers is CoinSpot. The exchange offers free and instant AUD deposits to trade over 370 Cryptocurrencies. It's the largest Crypto trading platform in Australia with over 2.5 million registered customers.
Best Exchange for Bendigo Bank
Platform Highlights
- Instant and free AUD deposits via Bendigo Bank transfers.
- 370+ Cryptocurrencies to trade starting at 0.1% fees.
- NFT Marketplace, Crypto Staking, Crypto ETFs and more.
Can I buy Crypto with Bendigo Bank?
As highlighted earlier, Bendigo Bank does not facilitate direct Cryptocurrency investments either through its online banking system or its physical branches. Australian investors must use a cryptocurrency exchange in Australia to trade digital assets. Selecting an AUSTRAC-registered platform is essential to ensure the safety of your funds.
How to buy Bitcoin and Crypto with Bendigo Bank
Bendigo Bank customers can buy and sell cryptocurrencies like Bitcoin by using an ASIC-licensed digital asset exchange. CoinSpot is the recommended platform, offering instant AUD deposits via PayID, POLi, Bank Transfer, BPAY, Osko, Credit/Debit Card, and even Cash.
Begin your cryptocurrency journey by following this straightforward guide:
- Create a free account on CoinSpot and complete the verification process.
- Tap 'Deposit Funds', select a payment method, and send money from Bendigo Bank.
- Go to the 'Buy/Sell' tab, find the token you want to buy and click 'Buy'.
- Input the AUD amount you want to invest in the Crypto and tap the 'Buy' button.
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Is Bendigo Bank Crypto-Friendly?
Bendigo Bank does not enforce any rules that would prevent its customers from conducting cryptocurrency transactions via a digital asset exchange regulated by AUSTRAC. Moreover, there are no known instances of user accounts being suspended when making transfers to licensed trading platforms such as CoinSpot.
What is Bendigo Bank?
Founded in 1858, Bendigo Bank is a well-established banking and financial services company in Australia. It currently serves over 9 million customers through its extensive network of 350 physical branches and over 1,200 ATMs nationwide. The bank provides a comprehensive array of financial products and services, including but not limited to home loans, personal loans, credit cards, investment options, savings accounts, and insurance.
In addition to its traditional banking offerings, Bendigo Bank provides digital banking capabilities via the Bendigo Bank App. This application enables customers to handle their finances conveniently while on the move. It allows for direct payment of bills from user accounts and the establishment of automatic payments for routine expenses such as utilities or rent.
Final Thoughts
To recap, Bendigo Bank does not currently provide a direct option for crypto investing. The bank's customers are required to use an AUSTRAC-regulated platform to buy crypto, and the best option in Australia is CoinSpot, as it providers free and instant AUD deposits to trade over 380 cryptocurrencies with low fees from 0.1%.
