Quick summary: Even though Macquarie Bank doesn’t offer cryptocurrency trading (yet), buying cryptocurrency using your Macquarie Bank 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

Macquarie Bank

To explain further, the reason Macquarie Bank (and most other banks in Australia) doesn’t offer cryptocurrency or bitcoin through its own cryptocurrency trading platform, is partially because of the extra regulations and requirements that come with setting up a cryptocurrency 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 do it using third-party cryptocurrency exchanges. 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 Macquarie Bank

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

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 crypto exchange

Let’s start with just signing up with eToro.

Sign up with eToro

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

3. Funding your 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 crypto you’re looking for, and buying it.

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

Get Started with eToro

Frequently Asked Questions

Can I buy crypto with my debit card?

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

Where can I buy crypto in Australia?

There are multiple Australian crypto 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 exchange like eToro, Swyftx, Binance, or Coinspot. We also have this handy guide on how to buy btc in Australia.

More info about Macquarie Bank

Macquarie Group Limited, a global financial services company, is Macquarie Group Limited. Macquarie Group Limited is a global financial services group with its headquarters in Australia and listed on the Australian Stock Exchange. It employs over 17,000 people in 33 countries and is Australia's most highly ranked mergers and acquisitions advisor. The operating groups of the company are Banking and Financial Services and Commodities and Global Markets. Macquarie Asset Management and Macquarie Capital are Macquarie Capital.

Macquarie was established on 10/12/1969 as Hill Samuel Australia Limited. This subsidiary of Hill Samuel & Co. Limited in the UK, Macquarie. Stan Owens, an Australian businessman, drafted a proposal to Hill Samuel & Co. for the establishment of an Australian subsidiary.

HSA secured Australia's largest mandate in 1971. It was a US$60m financing for John Lysaght Australia, a corrugated iron manufacturer. HSA opened two offices in Australia: one in Melbourne in 1972 and one in Brisbane in 1975.

Macquarie also established its philanthropic arm the Macquarie Group Foundation. This foundation has contributed more than $A330m to community organizations around the globe. It also established the Macquarie Group Collection, one of Australia's most important corporate art collections.

Macquarie expanded its overseas operations in the 1990s by opening offices in New York and Hong Kong, Singapore, Beijing and Beijing. It also extended its Australian operations to Perth, the Gold Coast, and Singapore. Among the acquisitions made during this decade were Security Pacific Australia, Boston Australia Limited and Bankers Trust Australia's investment banking arm.

In the latter part of 2000s, Macquarie made several significant acquisitions in the US. These acquisitions included Cook Inlet Energy Supply, an American energy marketing and trading company, which established Macquarie's US physical natural gas trading business. Constellation Energy's Houston-based downstream gas trading operations also made it into the US. Macquarie Group was the second-largest physical gas trader in North America as of 2018.

Macquarie has more than 17,000 employees in 33 countries. Macquarie's business activities can be divided into four main operating groups.

Two types of annuity-based businesses exist:

Macquarie Asset Management is the world's largest infrastructure asset manager. It is also a top 50 global manager of asset management, managing assets worth more than $A735.5 million for investors in multiple asset classes.

Banking and Financial Services - This includes Macquarie's retail banking operations and offers personal, wealth management and business banking services to around 1.7 million clients.

Macquarie also has support groups that include the Corporate Operations Group, Financial Management Group and Legal and Governance Group.

Macquarie has a number licenses that allow it to operate in the jurisdictions where it operates. It is also regulated globally by many regulators.

Related:

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.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.