Summary: If you're a Bankwest customer interested in investing in cryptocurrencies like Bitcoin and Ethereum, eToro and Uphold are great choices. They cater to those ranging from novices to intermediates looking for a secure and easy to use crypto-buying journey. Once you sign up (takes 2 minutes), you can fund your account from your Bankwest account using a bank deposit or a credit/debit card.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Can I Buy Crypto With Bankwest?
While Bankwest doesn't support direct purchases of cryptocurrencies, customers with a Bankwest account can still invest in digital assets with third-party exchanges.
By using their Bankwest's account, customers can connect to regulated cryptocurrency exchanges such as eToro or Uphold or link their credit or debit card in order to make purchases.
This way, even though Bankwest doesn't facilitate direct cryptocurrency transactions, account holders can still take advantage of regulated exchanges to invest in digital assets.
Buy crypto with Bankwest & Uphold
How To Buy Crypto With Bankwest?
To start your cryptocurrency journey, it is important to first sign up for a safe and highly regulated exchange such as eToro or Uphold. We recommend both of these platforms because they are user-friendly, with easy-to-use interfaces and offer hundreds of cryptocurrencies to choose from.
Signing up is straightforward and free of charge while taking just a few minutes of your time. After signing up with your chosen exchange, you will need to connect your Bankwest account and make your first deposit.
It is worth noting that bank deposits (ACH) are free of charge, while credit and debit card transfers may cost a little more. However, the benefit of using card transfers is the instant arrival of funds, while bank transfers may take a little longer to process.
Once your funds have been successfully transferred into your account, you can begin buying and selling cryptocurrencies like Bitcoin, Ethereum, Solana, and numerous others.
How to sign up
1. Create Account: Signup and add your identity verification. 2. Deposit Funds: Via your Bankwest account or credit card/debit card. 3. Start Buying: Once your deposit has arrived in your account.
Buy Bitcoin with Bankwest and eToro
Does Bankwest allow crypto purchaes?
Bankwest offers customers convenient access to a range of traditional banking services, including savings accounts, loans, and credit cards. As a reputable financial institution, Bankwest does not currently provide any products or services related to the cryptocurrency industry.
However, Bankwest customers who are interested in buying and selling cryptocurrencies such as Bitcoin and Ethereum are able to sign up for regulated exchanges and deposit funds from their Bankwest accounts.
Buy crypto with Bankwest Credit Card?
Customers of Bankwest are permitted to use their debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges for the purpose of purchasing and selling cryptocurrencies.
In order to avoid any potential issues that may arise when depositing or withdrawing funds, we highly advise using regulated exchanges.
Is Bankwest crypto friendly?
Although Bankwest does not directly offer any cryptocurrency services, it is still regarded as a crypto-friendly bank due to its flexibility in facilitating crypto transactions for its customers. Bankwest allows its clients to connect their bank accounts or link their debit cards to regulated third-party exchanges, which enables them to buy and sell cryptocurrencies.
About Bankwest
Bankwest is a leading Australian bank that has been providing financial services to customers for over 125 years. The bank was founded in 1895 and has since grown to become one of the largest banks in the country, with more than 3.5 million customers nationwide.
Bankwest website
Bankwest offers a range of products and services to cater to the diverse needs of its customers, including personal banking, business banking, and wealth management services.
Its product offerings include home loans, credit cards, savings accounts, personal loans, insurance, and investment options. In addition to its traditional banking services, Bankwest also provides online banking and mobile banking facilities.
Bankwest is headquartered in Perth, Western Australia, and has a network of branches across the country. The bank operates in all states and territories of Australia and has a strong presence in Western Australia, with over 100 branches and agencies in the region.
The bank has received a number of industry awards for its digital banking platform and has also been recognized for its commitment to sustainability and corporate responsibility.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.
