The world of finance is embracing the digital revolution, and cryptocurrencies are at the forefront, transforming how we manage our money, invest, and transact. In Australia, where crypto adoption is steadily growing, finding a bank that supports your digital assets is crucial for smooth trading and investing. Whether you’re an experienced crypto trader or just starting your journey, choosing a crypto-friendly bank can make a significant difference.
These banks are bridging the gap between traditional banking and the digital frontier, offering seamless transfers to exchanges, innovative features, and a supportive environment for your crypto activities. Ready to explore? Let’s dive into the top crypto-friendly banks in Australia for 2025, designed to keep your crypto journey secure, simple, and rewarding.
Glancing at the Best Crypto-Friendly Banks in Australia
Here’s a quick comparison of the top crypto-friendly banks in Australia for 2025, highlighting their key offerings, fees, and supported features to help you choose the right fit.
|
Bank/Platform |
Supported Cryptocurrencies |
Fees |
Payment Methods |
Crypto Features |
|
Revolut |
80+ |
0.99%-1.99% per year |
Bank transfer, Debit/Credit Card |
In-app trading, crypto wallets, staking |
|
Commonwealth Bank (CBA) |
Bitcoin, Ethereum |
Transaction fees vary |
Bank transfer, Debit card |
In-app crypto trading (pilot program) |
|
NAB (National Australia Bank) |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
Seamless exchange transfers |
|
ANZ (Australia and New Zealand Banking Group) |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
Fast transfer to regulated exchanges |
|
Westpac |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
Supports transfers to compliant exchanges |
|
Up Bank |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
User-friendly app, fast transfers |
|
Macquarie Bank |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
Business-friendly for crypto enterprises |
|
Bendigo Bank |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
Supports transfers to major exchanges |
|
Suncorp Bank |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
General support for crypto-related transactions |
|
ME Bank |
Via exchanges |
No direct crypto fees |
Bank transfer, Debit card |
Reliable transfers to popular exchanges |
Understanding the Top Crypto-Friendly Banks in Australia
Now, let us understand about these crypto-friendly banks in better detail.
1. Revolut
Revolut, a global fintech leader with a strong presence in Australia, is a prime choice for crypto enthusiasts. Its app seamlessly integrates traditional banking with crypto trading, allowing you to buy, sell, and hold over 80 cryptocurrencies, including Bitcoin, Ethereum, and Solana. Revolut’s custodial wallet and staking options make it a comprehensive platform for managing both fiat and digital assets.
Key Features:
- In-App Trading: Buy and sell 80+ cryptocurrencies directly within the app.
- Crypto Wallets: Securely store digital assets with custodial wallets.
- Staking: Earn passive income on select cryptocurrencies.
- User-Friendly Interface: Intuitive app with real-time price alerts.
- Regulation: Regulated for trust and compliance in Australia.
Pros and Cons:
|
Pros |
Cons |
|
Seamless crypto and fiat integration |
Custodial wallet (no private key control) |
|
Wide range of cryptocurrencies |
0.99%-1.99% trading fees can be high |
|
Staking and savings vaults |
Limited advanced trading tools |
|
Fast setup with minimal paperwork |
Withdrawal limits for fraud prevention |
2. Commonwealth Bank (CBA)
Commonwealth Bank (CBA), one of Australia’s largest banks, has embarked on a pilot program to allow customers to buy, sell, and hold cryptocurrencies directly through its CommBank app. This initiative signifies a major step towards mainstream crypto adoption in Australia, offering a familiar and secure platform for managing digital assets.
Key Features:
- In-App Crypto Trading: Direct access to Bitcoin and Ethereum within the CommBank app (currently pilot).
- Security: Leverages CBA’s robust security infrastructure.
- Seamless Integration: Integrates crypto services with existing banking.
- Regulation: Operates under Australian financial regulations.
- User Base: Accessible to a vast number of existing CBA customers.
Pros and Cons:
|
Pros |
Cons |
|
Direct in-app crypto access |
Limited crypto options (currently BTC, ETH) |
|
High level of security and trust |
Pilot program, not yet widely available |
|
Convenient for existing CBA customers |
Transaction fees apply |
|
Regulated by Australian authorities |
Custodial service (no private key control) |
3. NAB (National Australia Bank)
NAB, a prominent Australian bank, maintains a generally crypto-friendly stance by allowing seamless transfers to and from reputable cryptocurrency exchanges. While it doesn’t offer direct crypto trading, its robust infrastructure and supportive policies make it a reliable choice for users engaging with external crypto platforms.
Key Features:
- Exchange Integration: Supports transfers to major Australian crypto exchanges.
- No Direct Crypto Fees: No additional fees for crypto-related bank transfers.
- Security: Strong anti-fraud measures and secure banking.
- Regulation: Operates under Australian financial regulations.
- Reliable Transfers: Supports fast payments for quick deposits and withdrawals.
Pros and Cons:
|
Pros |
Cons |
|
Easy transfers to major exchanges |
No in-app crypto trading |
|
No direct crypto fees |
Limited to external exchanges |
|
Strong security protocols |
May flag large or unusual transactions |
|
Well-established and trusted institution |
Fewer crypto-specific features |
4. ANZ (Australia and New Zealand Banking Group)
ANZ, another one of Australia’s “big four” banks, has shown increasing openness to cryptocurrencies, particularly for institutional clients. While direct retail crypto trading isn’t offered, ANZ facilitates transfers to regulated exchanges and has explored stablecoin initiatives, positioning itself as a forward-thinking institution in the Australian crypto space.
Key Features:
- Exchange Support: Facilitates transfers to regulated crypto exchanges.
- Institutional Focus: Exploring crypto solutions for businesses and institutions.
- Stablecoin Initiatives: Involved in pilots for stablecoins (e.g., A$DC).
- Security: Robust financial security and fraud prevention.
- Regulation: Adheres to Australian financial regulations.
Pros and Cons:
|
Pros |
Cons |
|
Supports regulated exchanges |
No direct retail crypto trading |
|
Forward-thinking in crypto space |
More geared towards institutional clients |
|
Strong security and compliance |
May have stricter anti-money laundering checks |
|
Reliable transfers |
Fewer personal crypto features |
5. Westpac
Westpac, a major Australian bank, generally allows customers to transfer funds to and from compliant cryptocurrency exchanges. While cautious about the risks associated with crypto, Westpac processes transactions for legitimate crypto activities, making it a viable option for users who engage with external crypto platforms.
Key Features:
- Exchange Transfers: Supports transfers to recognised cryptocurrency exchanges.
- Fraud Prevention: Strong measures to detect and prevent fraudulent transactions.
- General Support: No explicit restrictions on crypto-related bank transfers.
- Regulation: Operates under Australian financial regulations.
- Customer Service: Provides support for transaction inquiries.
Pros and Cons:
|
Pros |
Cons |
|
Supports compliant exchanges |
No in-app crypto trading |
|
Robust fraud prevention |
May flag unusual or high-value transactions |
|
General acceptance of crypto transfers |
Cautious approach to crypto risks |
|
Established banking institution |
Fewer crypto-specific benefits |
6. Up Bank
Up Bank, a digital-only bank in Australia, is known for its user-friendly app and modern approach to banking. While it doesn’t offer in-app crypto services, Up Bank generally allows seamless and fast transfers to and from popular cryptocurrency exchanges, making it a convenient choice for tech-savvy crypto users.
Key Features:
- User-Friendly App: Intuitive and modern mobile banking experience.
- Fast Transfers: Supports real-time payments for quick exchange transfers.
- No Direct Crypto Fees: No additional fees for bank transfers to crypto platforms.
- Integration with Fintech: Aligns with a modern financial ecosystem.
- Regulation: Adheres to Australian banking regulations.
Pros and Cons:
|
Pros |
Cons |
|
Easy, fast transfers to exchanges |
No direct crypto trading |
|
Modern and intuitive banking app |
Limited crypto-specific features |
|
No additional fees for crypto transfers |
May not suit high-volume traders |
|
Good for everyday banking alongside crypto |
Less established than major banks |
7. Macquarie Bank
Macquarie Bank is often considered more progressive than traditional Australian banks, particularly in its approach to digital assets and blockchain technology. It supports businesses operating in the crypto space and generally facilitates transfers to and from reputable crypto exchanges, making it a strong choice for both individuals and crypto-related enterprises.
Key Features:
- Business Support: More open to supporting crypto businesses and ventures.
- Exchange Transfers: Facilitates transfers to major crypto exchanges.
- Innovation Focus: Known for embracing new technologies.
- Security: Robust security and compliance measures.
- Regulation: Operates under Australian financial regulations.
Pros and Cons:
|
Pros |
Cons |
|
More open to crypto businesses |
No direct retail crypto trading |
|
Supports a wide range of crypto activities |
May require higher account balances |
|
Forward-thinking approach to finance |
Less focused on everyday personal banking |
|
Strong reputation in financial services |
Tailored more for sophisticated users |
8. Bendigo Bank
Bendigo Bank, a community-focused Australian bank, generally allows customers to transact with legitimate cryptocurrency exchanges. While it doesn’t offer direct crypto services, its cooperative approach and support for transfers make it a suitable option for customers who wish to manage their crypto assets through external platforms.
Key Features:
- Exchange Support: Facilitates transfers to recognised crypto exchanges.
- Community-Focused: Known for its customer-centric approach.
- No Direct Crypto Fees: Standard banking fees apply for transfers.
- Security: Robust security protocols for online banking.
- Regulation: Adheres to Australian financial regulations.
Pros and Cons:
|
Pros |
Cons |
|
Supports transfers to major exchanges |
No in-app crypto trading |
|
Reliable and community-oriented |
May have a more cautious stance |
|
Standard banking services |
Fewer crypto-specific features |
|
Good for everyday banking alongside crypto |
Less agile than digital-only banks |
9. Suncorp Bank
Suncorp Bank, a Queensland-based financial institution, generally permits customers to engage in crypto-related transactions, including transfers to and from reputable exchanges. While it doesn’t offer direct crypto services, its broad acceptance of digital transactions makes it a functional choice for crypto users.
Key Features:
- General Acceptance: No explicit restrictions on crypto-related bank transfers.
- Fraud Monitoring: Active monitoring to prevent fraudulent activities.
- Customer Support: Provides assistance for transaction inquiries.
- Regulation: Operates under Australian financial regulations.
- Branch Network: Offers traditional banking services alongside digital.
Pros and Cons:
|
Pros |
Cons |
|
Generally accepts crypto transactions |
No in-app crypto trading |
|
Robust fraud prevention |
May have stricter transaction monitoring |
|
Reliable for standard transfers |
Less focused on crypto innovation |
|
Offers a blend of traditional and digital banking |
Fewer crypto-specific benefits |
10. ME Bank
ME Bank, an Australian bank designed to help Australians get ahead, is generally accommodating of cryptocurrency transactions. It allows customers to transfer funds to and from popular cryptocurrency exchanges, making it a practical option for managing fiat and digital assets.
Key Features:
- Exchange Transfers: Supports transfers to popular crypto exchanges.
- No Direct Crypto Fees: Standard banking fees apply for transfers.
- Online Banking: User-friendly online and mobile banking experience.
- Security: Strong security measures to protect customer funds.
- Regulation: Adheres to Australian financial regulations.
Pros and Cons:
|
Pros |
Cons |
|
Reliable transfers to exchanges |
No in-app crypto trading |
|
User-friendly online platform |
Limited crypto-specific support |
|
Good for everyday banking needs |
May have a more cautious approach |
|
No specific crypto restrictions |
Less emphasis on crypto features |
What Makes a Bank Crypto-Friendly?
A crypto-friendly bank goes beyond simply allowing transactions with cryptocurrency exchanges. Here are the key factors that define a crypto-friendly bank in Australia:
- Seamless Exchange Integration: The bank allows smooth deposits and withdrawals to reputable and regulated exchanges in Australia without frequent blocks or freezes. Examples include NAB and ANZ.
- In-App Crypto Features: Some banks, like Commonwealth Bank (in its pilot), offer direct crypto trading, wallets, and sometimes staking within their apps, reducing the need for third-party platforms. Revolut is another strong example here.
- Regulatory Compliance: Crypto-friendly banks operate under Australian financial regulations, ensuring secure and compliant transactions. This is critical in Australia, where banks must mitigate risks like fraud or money laundering.
- Support for Crypto Businesses: Banks like Macquarie Bank are more open to catering to crypto-native businesses, offering accounts and services tailored to their unique needs.
- Flexible Transaction Limits: Crypto-friendly banks impose minimal restrictions on crypto-related transfers. While large transactions might still be flagged for security, they generally avoid blanket bans.
- Security and Transparency: Robust anti-fraud measures and clear policies on crypto transactions build trust. Banks like Westpac prioritise secure transfers to compliant exchanges.
- Innovative Tools: While less common in traditional Australian banks, platforms like Revolut offer crypto cards and other features that blend traditional banking with Web3 innovation.
How to Choose the Best Crypto-Friendly Banks in Australia
Finding the right bank that supports your crypto activities can feel like navigating a maze, especially in a market evolving like Australia. Whether you’re a trader, investor, or involved in a crypto-based business, choosing the right financial partner is essential. Here’s how to make a smart choice when looking for crypto-friendly banks in Australia:
- Check Their Crypto Policy: Not all banks are on board with cryptocurrency. Some impose restrictions on transactions, while others fully support crypto integration. Always review the bank’s official stance on cryptocurrencies and see if they allow transfers to and from crypto exchanges. Look for clear communication regarding their crypto policies.
- Look for Australian Regulatory Compliance: In Australia, financial institutions operate under regulations set by APRA and ASIC. Choose banks that are well-regulated and work with exchanges that are registered with AUSTRAC (the Australian Transaction Reports and Analysis Centre) to ensure transparency and legal protection against money laundering and terrorism financing.
- Evaluate Transaction Fees and Limits: Crypto-related transactions can sometimes come with hidden fees or strict limits. Compare banks to find one that offers fair pricing, reasonable transfer limits, and no unnecessary restrictions on crypto trading activity. Be aware of any daily or monthly caps on transfers to exchanges.
- Prioritise Security and Fraud Protection: With crypto, security is paramount. A good crypto-friendly bank will have strong fraud prevention systems, two-factor authentication, and robust cybersecurity measures in place to protect your funds. Enquire about their processes for identifying and preventing crypto-related scams.
- Explore Customer Support: Issues with crypto transactions can be time-sensitive. Make sure the bank provides responsive customer support—ideally with a team that understands the unique challenges of managing digital assets. Check if they have dedicated channels for digital asset queries.
- Read Real Customer Reviews: Nothing beats first-hand experience. Browse online forums, reviews, and crypto communities in Australia to learn what real users are saying about the bank’s crypto support, reliability, and user experience. Look for consistent positive feedback regarding crypto-related transactions.
Choosing the right crypto-friendly bank in Australia isn’t just about convenience—it’s about building a secure, flexible foundation for your crypto journey. Do your research, ask the right questions, and don’t settle for a bank that’s behind the times.
Conclusion
In 2025, Australia’s crypto-friendly banks are increasingly adapting to the digital asset landscape, paving the way for a seamless blend of traditional and digital finance. Revolut leads with its all-in-one app, offering in-app trading and wallets, while Commonwealth Bank is innovating with its direct crypto trading pilot. Other major banks like NAB, ANZ, and Westpac provide reliable avenues for transfers to external exchanges.
Choosing the right bank depends on your needs—whether it’s direct trading, business support, or secure transfers. To enhance your crypto journey, tools like crypto portfolio trackers such as KoinX can simplify tax reporting and portfolio management, ensuring compliance and clarity in this dynamic market. Dive in with confidence, pick a bank that aligns with your goals, and stay ahead in the crypto revolution.
Frequently Asked Questions
What is a crypto-friendly bank?
A crypto-friendly bank in Australia allows seamless transactions with cryptocurrency exchanges, supports crypto purchases via debit cards, or offers in-app crypto trading and wallets. They minimise restrictions and ensure compliance with Australian financial regulations.
Can I buy crypto directly through my bank in Australia?
Some banks, like Revolut, allow direct crypto purchases within their app. Commonwealth Bank is also piloting an in-app crypto trading feature. Other banks like NAB and ANZ support transfers to AUSTRAC-registered exchanges for buying crypto.
Are crypto-friendly banks safe to use in Australia?
Yes, if they are regulated by Australian financial authorities like APRA and ASIC. These banks use robust security measures like 2FA and anti-fraud protocols. Always verify the bank’s policies and only use AUSTRAC-registered crypto exchanges.
What fees should I expect with crypto-friendly banks?
Fees vary: Revolut charges 0.99%-1.99% per crypto trade. Most traditional Australian banks like NAB or Westpac do not charge direct fees for transfers to crypto exchanges, but standard bank transfer fees may apply, and the exchanges themselves will have their own trading fees.
Which bank is best for crypto businesses in Australia?
Macquarie Bank is often more accommodating for crypto businesses. Revolut Business also offers services that can be beneficial for crypto-related enterprises.
Why do some Australian banks block crypto transactions?
Some Australian banks may block or flag crypto transactions due to concerns about fraud, money laundering risks, or to comply with their internal risk management policies. Always check your bank’s specific crypto policy and ensure you are using reputable, AUSTRAC-registered exchanges.
How do I choose the best crypto-friendly bank in Australia?
Consider your needs: direct trading (Revolut, CBA pilot), seamless exchange transfers (NAB, ANZ, Westpac), or business support (Macquarie Bank). Look for low or no direct crypto fees, Australian regulatory compliance (AUSTRAC, APRA, ASIC), strong security, and compatibility with your preferred exchanges.
