Summary: If you're a CommBank customer looking to invest in cryptocurrencies like Bitcoin and Ethereum, platforms like eToro and Uphold provide a simple and regulated entry point. They are tailored for beginners with easy to navigate interfaces and 100s of cryptocurrencies to choose from. After a quick sign-up process, funds can easily be deposited from your CommBank account via bank deposit or a credit/debit card.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Although purchases of cryptocurrencies is not possible via CommBank, customers can still invest in digital assets by connecting their CommBank account to a regulated cryptocurrency exchange such as eToro or Uphold.
So while CommBank may not facilitate direct crypto transactions, its account holders still have access to the world of digital assets through trusted and regulated exchanges.
The first step to successfully investing in cryptocurrencies is to sign up for a trusted and secure exchange such as eToro and Uphold.
We highly recommend using eToro and Uphold as they are suitable for beginners and offer a broad range of cryptocurrencies to explore.
The signup is quick and free of charge taking only a few minutes to complete. You can then connect your CommBank account and make your first deposit.
Bank deposits (ACH) are free of charge whereas card transfers have a small deposit fee.
Once funds have been successfully transferred, you can begin buying and selling cryptocurrencies such as BTC, ETH, SOL, ARB, OP, ATOM, ADA, DOT and numerous other coins and tokens.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Commbank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
While CommBank does not specialize in providing products and services related to the cryptocurrency space, it's customers still have the liberty to sign up to regulated cryptocurrency exchanges and deposit money in order to buy and sell digital assets.
As a customer of CommBank, you are eligible to use your debit or credit card to deposit fiat currencies to regulated cryptocurrency exchanges. As a precautionary measure, we always suggest using regulated exchanges to ensure a smooth experience when depositing or withdrawing funds.
CommBank can be classified as a crypto-friendly bank due to its policy of allowing customers to connect their bank accounts or link their debit cards to regulated third-party exchanges.
Additionally, CommBank does not impose any limitations on deposits and withdrawals to and from regulated exchanges.
This simply means that even though CommBank does not currently provide any crypto-related services, it does not hinder its customers from engaging with third-party providers.
CommBank, or Commonwealth Bank of Australia, is one of the largest financial institutions in Australia and a leading bank in the Asia-Pacific region.
It was founded in 1911, making it one of the oldest banks in the country, and has since grown to become a trusted provider of financial services to millions of Australians.
With a customer base of over 16 million people, CommBank has a significant presence in the Australian banking industry. It is a public company, with its shares traded on the Australian Securities Exchange, and is headquartered in Sydney, Australia.
CommBank operates a vast network of branches and ATMs across Australia, providing a comprehensive range of banking and financial services to its customers.
These include personal and business banking, wealth management, insurance, and investment services, among others.
In addition to its local operations, CommBank has expanded its presence across the globe, offering services to customers in over 60 countries.
Its products and services are tailored to meet the specific needs of its diverse customer base, with a range of accounts, credit cards, loans, and other financial products and services on offer.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
