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How to buy Bitcoin Macquarie Bank

How to buy Bitcoin Macquarie Bank

Adrian Graham
Fact Checked
Dec 15, 2022

Key Takeaways: Unfortunately, Macquarie Bank does not allow the direct investing of cryptocurrencies through its banking platform. However, there are alternative methods to investing in crypto with the funds in your Macquarie bank account. Simply transfer AUD from your bank to a regulated and licensed cryptocurrency exchange.

We recommend the CoinSpot exchange as Australia's most trusted trading platform. They offer instant and free AUD deposits from Macquarie Bank to trade over 350 cryptocurrencies. Their exchange also has an audited proof-of-reserves highlighting that customer funds are always backed 1:1.

Table of Contents

Best Exchange for Macquarie Bank

Platform Highlights

  • Instant and free AUD deposits via Macquarie Bank transfers.
  • 370+ Cryptocurrencies to trade starting at 0.1% fees.
  • NFT Marketplace, Crypto Staking, Crypto ETFs and more.

How to buy Bitcoin & Crypto with Macquarie Bank

The best and most secure way to invest in cryptocurrencies like Bitcoin and Ethereum with a a Macquarie Bank account is through CoinSpot. The platform supports multiple deposit methods for Macquarie Bank users including Bank Transfer, Credit/Debit Card, POLi, PayID and more

Follow the guide below to get started with a trusted platform:

  1. Sign up to the CoinSpot Australia platform.
  2. Deposit Australian Dollars (AUD) from Macquarie Bank via Bank Transfer, Debit Card, Credit Card, POLi, PayID and other methods.
  3. Find the cryptocurrency on the exchange you want to buy (pick from over 350 assets).
  4. Input the AUD amount you want to buy and execute the trade.
Deposit Funds with Macquarie Bank.

What are the fees to invest in cryptocurrencies?

When using the CoinSpot exchange, the fees are relatively low compared to other exchanges. CoinSpot offers free AUD deposits for Macquarie Bank account holders and a small $5 fee for withdrawals to bank accounts. The only other fee CoinSpot charges is a flat 0.1% fee every time you buy or sell cryptocurrencies on the platform.

Macquarie Bank Cryptocurrency Policy

As at time of writing, Macquarie Bank does not have any policies that would prohibit their account holders from trading cryptocurrencies. This ultimately means that Macquarie Bank will not stop you from depositing or withdrawing funds from licensed digital asset exchanges. Users will have no issues transferring between CoinSpot and Macquarie Bank.

What is Macquarie Bank?

Macquarie Bank is the largest bank in Australia by market capitalisation, and the fourth largest bank by market share. Macquarie Bank was founded in 1969 as Hill Samuel Australia Limited, a subsidiary of the UK's Hill Samuel & Co. Macquarie expanded rapidly in the 1970s and 1980s, culminating in its listing on the Australian Stock Exchange in 1985.

Macquarie Bank.

Today, Macquarie Bank provides a full range of banking and financial services products to its clients, including personal banking, business banking, corporate banking, institutional banking and wealth management. Macquarie Bank is a strong and stable institution, with a long history of profitability and growth. It remains one of the most trusted brands in Australia, and is well-positioned to continue its success into the future.

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Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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