Summary: Bendigo Bank customers seeking to buy cryptocurrencies like Bitcoin and Ethereum can easily do so with regulated platforms like eToro and Uphold. These platforms are geared towards beginner to moderately experienced users and offer a simple and safe way to buy 100s of digital assets. Registering only takes 2 minutes and funds can then be transferred from your Bendigo Bank account via bank or credit/debit card transfer.
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Although it's not possible to directly buy cryptocurrencies through Bendigo Bank, account holders can still purchase them indirectly.
This can be done by either connecting their Bendigo Bank account to a regulated cryptocurrency exchange such as eToro or Uphold, or by linking their credit/debit card to the same exchange.
With these options, Bendigo Bank customers can still invest in digital assets even though the bank doesn't facilitate direct purchases of cryptocurrencies.
To begin with, we recommend signing up for a reliable and regulated cryptocurrency exchange like eToro and Uphold, which are user-friendly and have a wide range of over 100 cryptocurrencies available for purchase.
Their signup process is fast, easy, and free. After completing the registration process, you can then link your Bendigo Bank account to the exchange and make your first deposit.
While ACH bank transfers are free, credit/debit card transfers are slightly more expensive. However, the advantage of card transfers is that the funds arrive promptly, whereas bank transfers may take longer.
Once you've deposited funds into your account, you may begin purchasing and selling various cryptocurrencies like Bitcoin, Ethereum, Solana, and many others through the exchange.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Bendigo Bank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Bendigo Bank is a financial institution that offers its customers convenient access to conventional banking services, such as savings accounts, checking accounts, loans, and credit cards. However, it does not specialize in providing any products or services related to the cryptocurrency space.
Despite this, Bendigo Bank allows its customers to sign up for regulated cryptocurrency exchanges and deposit money into their accounts, enabling them to buy and sell digital currencies like Bitcoin (BTC).
Customers of Bendigo Bank are allowed to use their debit or credit cards to deposit fiat currencies such as AUD, USD, or EUR to regulated cryptocurrency exchanges such as eToro and Uphold.
This enables them to buy and sell popular cryptocurrencies such as Bitcoin, Ethereum, or Litecoin. As always, we highly recommend using regulated exchanges to avoid any potential issues that may arise when depositing or withdrawing funds.
Even though Bendigo Bank does not provide any services related to cryptocurrencies, it is still perceived to be a crypto-friendly financial institution.
This is primarily because of the flexibility it offers to customers who wish to deposit funds with regulated third-party exchanges to trade in various digital assets.
In addition, the bank has a reputation for not imposing any limitations on deposits or withdrawals that are made to and from these exchanges.
This approach is indicative of the bank's openness towards the cryptocurrency industry and its willingness to embrace emerging technological trends that could be of interest to its customers.
Bendigo Bank is an Australian financial institution that has been serving the needs of Australians for over 160 years. Established in 1858, the bank has grown to become one of the most well-respected financial institutions in Australia, renowned for its community-focused banking approach and customer-centric values.
With over 500,000 customers and a presence in more than 600 locations across Australia, Bendigo Bank is a trusted and reliable partner for many Australians looking for financial products and services.
Bendigo Bank offers a wide range of products and services, including personal and business banking, home loans, personal loans, credit cards, insurance, wealth management, and financial planning.
Bendigo Bank's focus on social responsibility and community banking has earned it multiple industry awards, including the Canstar Customer-Owned Bank of the Year award in 2020.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
