Last update: Jun 16, 2022

How to Buy Crypto with ANZ Bank

As mentioned above, just like most Australian banks, ANZ Bank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency exchange is quite complex and comes with regulations and extra requirements for the banks.

Luckily for us, there are plenty of cryptocurrency trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.

How to buy crypto or bitcoin with ANZ Bank

There are only 4 steps involved, let’s get started!

1. Choose a crypto exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.

Let’s get started!

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy crypto

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with ANZ Bank.

Buy Crypto with eToro

 

 

About ANZ Bank

Australia and New Zealand Banking Group Limited (ANZ), a multinational Australian banking and financial services firm, is headquartered in Melbourne. It is Australia's 2nd-largest bank in assets and 3rd largest bank by market capitalisation.

ANZ is one the four major Australian banks. It also includes the Commonwealth Bank, National Australia Bank and Westpac. The current entity was created when the Australia and New Zealand Bank (ANZ) merged with the English Scottish & Australian Banks (ES&A) on October 1, 1970.

This was the largest merger of banks in Australian history. The ANZ Bank was founded in 1951 by the Bank of Australasia merging with the Union Bank of Australia. These banks were established in 1835-1837, respectively.

ANZ's Australian operations account for the majority of its business. Retail and commercial banking dominate. ANZ is the largest bank in New Zealand. In 2003, the legal entity was known as ANZ National Bank Limited. It changed to ANZ Bank New Zealand Limited on 2012. It operated two brands in New Zealand from 2003 to 2012. In 2012, the National Bank brand was discontinued. Many branches closed and others converted to ANZ branches.

ANZ operates not only in Australia and New Zealand but also in 34 other countries. [6]

ANZ employs 51,000 people and has nine million customers around the world through its subsidiaries. The bank has over 570 branches in Australia and serves approximately six million customers.

One of the most important divisions within ANZ is personal banking. It offers financial services to the public, including lending and banking. ANZ has over 570 branches across Australia and serves approximately six million customers.

ANZ was the first Australian bank to offer Apple Pay to customers.

ANZ is Australia's largest institution bank. It offers financial services to corporate and institutional customers throughout Australia and Asia-Pacific. ANZ currently has approximately 7,000 corporate and institutional customers with a total loan of A$165 million.

ANZ is committed towards sustainable finance for institutional clients transitioning to a low carbon economy. ANZ had completed approximately A$22 billion in sustainable finance transactions as of 2021. In June 2021, ANZ closed Australia's first sustainability-linked bond (SLB) in the domestic debt market. In August 2021, ANZ launched sustainability-linked derivatives (SLD) in Australia, Hong Kong, Singapore and Japan.

ANZ is a leading Australian bank in the Asia-Pacific region. It has been aggressive in expanding into emerging markets like China, Vietnam, and Indonesia. ANZ is also a major bank in New Zealand and several Pacific Island Nations, where it competes with Westpac in many markets. From 2003 to 2012, ANZ's New Zealand arm was managed by a subsidiary company called ANZ National Bank. This changed to ANZ Bank New Zealand after the merger of National Bank and ANZ.

It formed a strategic alliance in March 2005 with Vietnam's Sacombank, which involved the acquisition of 10% Sacombank's share stock. ANZ will offer technical assistance to the bank in areas such as risk management, retail and small-business banking.

ANZ followed a similar strategy to China where it bought a 20% stake in Tianjin City Commercial Bank. The bank also reached a similar agreement with Shanghai Rural Commercial Bank.

ANZ bought RBS's retail outlets in Taiwan, Singapore and Indonesia in August 2009. RBS also purchased RBS’si banks in Vietnam, the Philippines, and Taiwan. It was bought for A$687 millions.

The company had 1,337 branches around the world as of September 2012. ANZ took a less aggressive approach to Asia-Pacific expansion in 2016 due to low returns. ANZ announced that it had sold its Asian retail and wealth management operations, as well as its Asian pivot to the Development Bank of Singapore at the end of October 2016. As tensions between China and the US escalated in 2020, CEO Shayne Elliott acknowledged that the conflict had "raised risk profile" for bank's China investments and suggested that the bank might pull out from China.

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