Summary: For individuals with a Westpac Bank account who want to invest in cryptocurrencies like Bitcoin and Ethereum, eToro and Uphold are ideal platforms to begin with. Both exchanges are regulated and provide a user-friendly and secure platform suitable for beginners and intermediate traders. After a quick sign-up process, users can deposit funds from their Westpac Bank account either via bank transfer or via credit/debit card deposits.
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Regulated & Safe Platform
While Westpac Bank does not currently facilitate the purchase of cryptocurrencies, users of theirs can still purchase digital assets indirectly.
This can be achieved by linking their Westpac Bank account to a regulated cryptocurrency exchange such as eToro or Uphold.
To get started with buying and selling cryptocurrencies, it is important to first sign up for a safe and regulated exchange that is beginner friendly and easy to use.
We suggest using eToro and Uphold as they offer hundreds of different cryptocurrencies to buy and sell, and signing up is both quick and free of charge.
After completing the registration process, the next step is to connect your Westpac Bank account and make your first deposit. It is worth noting that bank deposits (ACH) are free while credit/debit card transfers are slightly more expensive.
Once your funds have been deposited into your account, you are now free to start purchasing and selling various cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Westpac Bank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Westpac Bank is not actively involved in offering any cryptocurrency related products and services. This does however not prevent Westpac Bank customers to sign up for regulated cryptocurrency exchanges and deposit funds for the purpose of buying and selling digital assets.
Customers of Westpac Bank can use their debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges. This option enables them to buy or sell cryptocurrencies with ease and convenience.
It is important to highlight that using regulated exchanges is recommended to avoid any potential issues that may arise during the depositing or withdrawing of funds.
Westpac Bank is considered a crypto-friendly bank due to its policies and features. Westpac customers can connect their bank accounts or link their debit cards to regulated third-party exchanges to be able to buy and sell cryptocurrencies. Westpac has also not been known to impose restrictions on deposits and withdrawals to and from regulated exchanges.
Westpac Bank is an Australian financial institution that was founded in 1817 in Sydney, New South Wales. It has a rich history of serving customers for over 200 years and has played a significant role in shaping the financial landscape of Australia.
The bank's customer base includes individuals, small businesses, corporate entities, and institutional clients.Westpac is one of the leading banks in Australia and has a strong presence in the Asia Pacific region.
The bank currently operates in Australia, New Zealand, Papua New Guinea, and Fiji. It has over 14 million customers that are serviced through a network of more than 1,200 branches and ATMs across these countries.
Westpac Bank offers a wide range of products and services that cater to the diverse needs of its customers. Its offerings include personal banking products such as savings accounts, credit cards, personal loans, home loans, insurance, and investments.
For small businesses, the bank provides solutions such as business loans, merchant services, and cash management services. Corporate and institutional customers can access a range of services such as trade finance, foreign exchange, capital markets, and wealth management.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
