Summary: NAB facilitates transfers to regulated digital asset exchanges but does not directly provide cryptocurrency investment options. It allows transactions with online cryptocurrency trading platforms that are under the supervision of regulatory bodies like the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investments Commission (ASIC). For NAB clients, it's essential to select exchanges compatible with Australian Dollar deposits.
Our thorough evaluation of prominent exchanges highlights eToro as a fitting choice for NAB customers. eToro, recognised for its extensive range, provides access to more than 3,000 financial instruments, including various cryptocurrencies, stocks, ETFs, indices, and commodities. With its advantageous fee structure, eToro is tailored to facilitate straightforward and efficient transactions in AUD.
Your capital is at risk. AFSL 491139. See eToro PDS and TMD.
Can I Buy Bitcoin with NAB?
Yes, as a National Australia Bank customer, you can acquire Bitcoin and other digital assets through credible cryptocurrency exchanges in Australia regulated by the Australian Securities and Investments Commission (ASIC). They facilitate the direct transfer of Australian Dollars from your NAB accounts or cards. These platforms, which are under strict regulatory scrutiny, offer a safe and compliant environment for purchasing and trading digital currencies.
How to Buy Crypto with NAB
For investors contemplating buying digital currencies with the funds in their National Australia Bank account, we suggest using a licensed exchange like eToro. This platform, licensed by the AUSTRAC and ASIC, provides instant AUD deposits from NAB through several payment methods, including PayID, bank transfers, debit cards, credit cards, and PayPal. eToro supports the buying, selling, and trading of more than 3,000 financial instruments.
Here's a detailed guide to help you through the process of buying crypto with NAB:
- Create Account: Register on eToro and complete the required identity verification steps.
- Pick Currency: Click "Deposit Funds" and select "AUD" as your deposit currency.
- Deposit Funds: Pick your preferred payment method and transfer money from NAB.
- Buy Crypto: Go to the search bar, find your desired token, and execute your trade.

National Australia Bank Cryptocurrency Policy
NAB grants its customers access to digital assets through trading platforms that have received approval from the Australian Securities and Investments Commission (ASIC). A platform we suggest is eToro Australia Pty Ltd, which is under the regulation of both ASIC and AUSTRAC, functioning with an AFSL number 491139. Its main office is Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia, serving as a hub for secure and regulated crypto transactions.
Digital Asset Investing Fees
Understanding the expense structure in cryptocurrency investments is crucial for optimising your financial gains. Here's a straightforward breakdown of the primary costs you should be aware of:
- Transaction Fees: eToro applies a 1% spread for each purchase or sale of a cryptocurrency.
- Funding Charges: When adding AUD from NAB accounts, fees can vary based on the chosen payment method. Typically, bank transfers and PayID funding are free of charge, but using credit cards might incur fees of up to 2%.
- Withdrawal Expenses: The costs for withdrawing your assets are competitive and vary by cryptocurrency. For example, a Bitcoin withdrawal incurs a fixed fee of 0.0005 BTC.
Our recommended platform, eToro, offers trading for over 3,000 assets with modest fees of 1%. This rate is considerably more attractive compared to other platforms that may charge over 4% for purchasing and trading cryptocurrencies. This makes eToro an advantageous choice for NAB clients.
What is National Australia Bank (NAB)?
The National Australia Bank is one of Australia's leading financial institutions, offering a comprehensive range of banking and financial services, including retail banking, commercial banking, and wealth management. NAB serves over 12 million customers and employs more than 35,000 people across Australia, New Zealand, Asia, the UK, and the US. Its history dates back to the National Bank of Australasia in 1858, and in 1982, it merged with the Commercial Banking Company of Sydney.
As one of the "Big Four" banks, it offers services like retail banking, commercial banking, wealth management, and investment solutions for individuals and businesses. With its extensive network of branches and ATMs across Australia and overseas, the bank is committed to providing accessible and reliable financial solutions to individuals, businesses, and corporations. NAB is also recognised for its dedication to sustainability and corporate responsibility, making it a trusted choice for customers seeking ethical and secure banking options.

Final Thoughts
To recap, National Australia Bank does not offer direct cryptocurrency investment services, however, it enables seamless transactions to ASIC-regulated exchanges. Our expert team identified eToro as the best option for its vast range of over 3,000 financial instruments and instant AUD deposits. eToro's competitive fee structure, including low transaction fees and various free deposit options, makes it an attractive option for NAB clients looking to dive into the crypto market.