Quick summary: Even though Bendigo doesn’t offer crypto trading (yet), buying cryptocurrency using your Bendigo account is very easy.

We recommend using eToro to buy crypto, they’ve been around for a long time, they’re trusted and have over 50 cryptocurrencies to choose from.

Buy Crypto with eToro

Bendigo Bank

To explain further, the reason Bendigo (and most other banks in Australia) doesn’t offer crypto or bitcoin through its own cryptocurrency exchange, is partially because of the extra regulations and requirements that come with setting up a crypto trading platform.

Once banks see the potential upside of offering digital assets like crypto, we might see them starting to offer those services.

For now, though, we’ll have to manage using third-party crypto trading platforms. Luckily for us, Australia has a good amount of trusted and AUSTRAC regulated trading platforms we can use.

How to buy crypto or bitcoin with Bendigo

  1. Choose a cryptocurrency exchange
  2. Sign up with the crypto exchange
  3. Fund your account with AUD, or another cryptocurrency
  4. Buy cryptocurrency

1. Choose a cryptocurrency trading platform

There are a few good options to choose from when it comes to crypto exchanges for Australian traders.

As mentioned before, for this guide we’ll be using eToro as they have most of the popular cryptocurrencies available, have competitive fees, and offer something called social investing or copy trading, which is quite unique in the space.

This feature enables traders to copy or match the moves of other popular traders on the platforms, it’s pretty impressive.

2. Sign up with the cryptocurrency trading platform

Let’s start with just signing up with eToro.

Sign up with eToro

The sign-up process is very easy, as is the verification that needs to be completed afterwards so you can get started.

3. Funding your eToro account

Next is funding your account. You have several options when it comes to depositing AUD into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.

Calculate how much you’d need depending on which crypto and how much you’re buying, choose a deposit method, and transfer the funds.

4. Buy crypto

Once the funds have landed in your account, it’s as simple as going to their Markets section, searching for the cryptocurrency you’re looking for, and buying it.

Congratulations, now you know how to buy bitcoin or crypto with Bendigo.

Get Started with eToro

Frequently Asked Questions

Can I buy crypto with my debit card?

Yes, most crypto exchanges in Australia allow you to purchase crypto with your debit card.

Where can I buy crypto in Australia?

There are multiple Australian cryptocurrency exchanges where you can buy crypto. While this guide uses eToro, other popular exchanges include Swyftx, Coinspot, and Binance.

How can I buy Bitcoin in Australia?

You can buy Bitcoin using a crypto trading platform like eToro, Swyftx, Binance, or Coinspot. We also have this handy guide on buying Bitcoin in Australia.

More info about Bendigo

Australian financial institution Bendigo and Adelaide Bank specializes in retail banking. In November 2007, the company was created by the merger between Adelaide Bank and Bendigo Bank.

Bendigo Bank's products and services were delivered through nearly 900 locations Australia-wide before the merger. These included 160 company-owned branches and 220 Community Bank branches. 100 agencies. 400 Elders outlets. The majority of branches are located in Victoria and Queensland.

The city of Bendigo is still the national headquarters. There's also a major office located in Adelaide, South Australia, and regional offices in Docklands and Melbourne.

The company was established in 1858 as a building society for Bendigo's goldfields.

Bendigo Bank's "Community Bank” program was launched in 1998. The first branches were opened in Minyip, Rupanyup and West Victoria on 26 June. On 19 October, the first metropolitan branch was opened in Upwey's outer eastern suburb.

In 2000, the bank was granted its operating license and absorbed First Australian Building Society in Queensland. It also acquired a new regional headquarters at Ipswich. The bank also expanded its Bendigo head office by A$75million in the same year.

Bendigo Bank launched the first "Green Loans", in Australia, in 2002. They also formed "Community Sector Banking", which is a joint venture between the banking sector and the not-for profit sector.

Three years later, Bendigo Bank established a regional headquarters at Harbour Esplanade, Melbourne, Docklands.

The merger/takeover proposal by Bank of Queensland was rejected by Bendigo Bank in 2007. In 2007, Adelaide Bank merged with Bendigo Bank. On 30 November, the A$4Billion takeover was completed.

The new headquarters of Bendigo Bank was opened in Bendigo on 11 December 2008. Kevin Rudd, Australia's 26th Prime Minister, attended the opening.

Bendigo Bank announced on 16 December 2011 that it had reached an agreement with Bank of Cyprus Group in order to acquire Bank of Cyprus Australia Limited (BOCAL), its 100% owned Australian subsidiary. The total purchase price was A$130 million.

It was renamed Delphi Bank.

The bank was the first to adopt an investment policy that avoided fossil fuel investments in June 2014. The bank doesn't lend to companies whose core activity is exploration, mining, manufacturing, export, or production of thermal coal or coke seam gas.

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Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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