Key Takeaway: NAB Bank and NAB Trade both do not offer services for their customers to buy or sell Bitcoin & cryptocurrency directly through their online banking platform.

NAB account holders will need to deposit AUD into a licensed digital asset exchange like eToro Australia to buy cryptocurrencies.

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Can I buy Crypto with NAB Bank or NAB Trade?

NAB Bank and NAB Trade do not support the option to buy cryptocurrency directly on their online banking platforms. Most major Australian banks are yet to implement this, but some like CommSec have recently announced plans to launch the crypto-investing feature in the near future.

Nevertheless, there are many alternative and secure options for NAB Bank account holders to invest in cryptocurrencies. Simply link your NAB Bank account with a secure, licensed cryptocurrency exchange like eToro.

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How to buy Bitcoin or Crypto with NAB Bank

The easiest and safest way to buy Bitcoin or Crypto is with eToro Australia because they offer the fastest AUD deposits from NAB Bank accounts.

Their platform lets you buy, sell and trade 80+¬†Cryptos, Stocks, ETFs, Commodities (Gold &¬†Silver) and much more.‚Äć

  • ‚ÄćStep 1: Sign up to the eToro Australia trading platform.‚Äć
  • Step 2: Select 'Deposit Funds' at the bottom of your dashboard once you have verified your Australian account.
AUD NAB Bank transfer
  • ‚ÄćStep 3: Select 'Bank Transfer' as your payment method and 'AUD' as your fiat currency.
AUD NAB Bank trans
  • ‚ÄćStep 4: Once you proceed, you will be given unique deposit details for a bank transfer. Sign into your NAB Online Banking account to transfer AUD to the deposit details provided by eToro.‚Äć
  • Step 5: When the AUD arrives in your account, find the crypto asset you want to buy and execute your trade.

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NAB Bank Crypto Policy

NAB (National Australia Bank) does not have any policies that prohibit their users from trading any form of digital asset or cryptocurrency. NAB bank account holders should not be concerned when investing in cryptocurrencies.

NAB account holders transactions will not be stopped or frozen when sending to eToro or other licensed platforms because they are crypto-friendly.

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About NAB Bank

National Australia Bank (NAB) is one of the four largest banks in Australia. The other three are Westpac Banking Corporation, Commonwealth Bank of Australia (CBA), and Australia and New Zealand Banking Group (ANZ). NAB was founded in 1858 and is headquartered in Melbourne, Victoria. It has over 12 million clients and more than 35,000 employees. NAB operates in Australia, New Zealand, Asia, the United Kingdom, and the United States.

NAB has a long history in Australia dating back to 1858 when the National Bank of Australasia was established. NAB was created through a merger between the National Bank of Australasia and the Commercial Banking Company of Sydney in 1982.

NAB Bank and NAB Trade
NAB Bank: One of Australia's Big Four Banks.

About NAB Trade

NAB Trade is an online trading platform from National Australia Bank (NAB). NAB offers a range of products and services for its clients, including banking, insurance, investments, superannuation, and more. NAB Trade provides clients with access to a range of markets, including the ASX, Nasdaq, NYSE, and OTC markets. Clients can trade a variety of financial instruments, including stocks, options, futures, ETFs, and forex. NAB Trade also offers an extensive research library, market commentary, and educational resources.

NAB Trade Mobile app.

Deposit & Trading Fees

When investing in cryptocurrencies, there are two fees investors need to consider when depositing via NAB Bank.

  • Deposit Fee - This fee is charged when you deposit AUD¬†into the exchange
  • Trading Fee - This is the fee you will incur when trading your AUD for cryptocurrency

However when depositing Australian Dollars from your NAB Bank account to your eToro account, it is completely free. To make it better, eToro also do not charge any fees to trade cryptocurrencies, meaning you will pay zero fees when investing in crypto through their platform.

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

Visit eToro Australia

Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

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