Australia’s Most Crypto-Friendly Banks in 2026

As crypto adoption in Australia continues to grow, the way your bank handles crypto-related transactions can make or break your experience. From buying Bitcoin to transferring funds to your favourite exchange, choosing a bank that doesn’t block or flag your activity is more important than ever.

We’ve reviewed the current landscape to bring you the most crypto-friendly banks in Australia for 2026. Whether you're a seasoned trader or just starting out, these banks are leading the way when it comes to supporting the crypto community.

Important note: While some banks are friendlier than others when it comes to crypto transfers, none of them offer crypto-backed loans. If you're looking to borrow against your digital assets, you’ll need to use a specialised provider like Block Earner*.

Revolute 🟢 Yes (Instant to Same day)

St.George Bank 🟢 Yes (Instant to Same day)

Up Bank 🟢 Yes (Instant to Same day)

National Australia Bank (NAB) 🟡 Mixed (Same day)

ANZ 🟡 Mixed (Same day)

Macquarie Bank 🔴 No (Delays common)

Commonwealth Bank (CBA) 🔴 No (Delays common)

ING Australia 🔴 No (Often blocked or delayed)

Westpac 🔴 No (Often blocked or delayed)

Bendigo Bank 🔴 No (Often blocked or delayed)

Status: Yes (Avg Deposit Time: Instant to Same day)

Revolut remains a top crypto-friendly choice in 2026. While technically an app with banking features rather than a traditional bank, Australian customers can buy, sell, trade, and hold digital assets natively. Transfers to reputable, AUSTRAC-registered exchanges are generally smooth, though they rely on rigorous transaction monitoring.

Good to know: Because Revolut focuses on compliance and anti-fraud monitoring rather than arbitrary limits, unusually large transfers or interactions with unverified external wallets may trigger additional verification checks.

Status: Yes (Avg Deposit Time: Instant to Same day)

St.George is highly regarded as one of Australia's more crypto-friendly traditional banks. They allow seamless fiat transfers to trusted domestic exchanges without enforcing strict monthly caps, and withdrawals from exchanges are processed without restriction.

Good to know: While very open to regulated platforms, St.George maintains strong scam-prevention protocols. Payments to unregistered or high-risk offshore exchanges may still be blocked, and first-time transfers might require a brief manual review.

Status: Yes (Avg Deposit Time: Instant to Same day)

Up Bank is a go-to digital bank for crypto investors. It natively supports quick and painless transfers to reputable exchanges and does not enforce an official monthly transfer cap like many of the larger traditional banks do.

Good to know: The majority of customers report smooth payments, but to protect against fraud, occasional holds on large or first-time transfers may occur—particularly if you are a brand-new Up Bank customer.

Status: Mixed (Avg Deposit Time: Same day)

ANZ permits customers to transfer funds to reputable AUSTRAC-registered crypto exchanges, offering substantial daily limits for general transfers. However, they continue to enforce a strict overarching cap on how much money can flow to crypto platforms per month.

Good to know: ANZ enforces a strict $10,000 monthly transfer ceiling to crypto exchanges. Once you hit this limit, further investments for the calendar month will be halted. Be prepared for initial security checks as well.

Status: Mixed (Avg Deposit Time: Same day)

ANZ permits customers to transfer funds to reputable AUSTRAC-registered crypto exchanges, offering substantial daily limits for general transfers. However, they continue to enforce a strict overarching cap on how much money can flow to crypto platforms per month.

Good to know: ANZ enforces a strict $10,000 monthly transfer ceiling to crypto exchanges. Once you hit this limit, further investments for the calendar month will be halted. Be prepared for initial security checks as well.

Status: No (Avg Deposit Time: Delays common)

Macquarie Bank maintains a highly restrictive public stance regarding cryptocurrency. Their official policy is that they do not support transfers to cryptocurrency exchanges to protect clients from fraud.

Good to know: While there are occasional anecdotal reports of successful transfers to certain local exchanges, the bank's strict official policy means payments are frequently delayed, reviewed, or outright declined without recourse.

Status: No (Avg Deposit Time: Delays common)

CBA maintains the strict anti-scam measures they introduced over the last few years. The bank applies an automatic 24-hour hold on transfers to any crypto exchange, regardless of the amount, and caps total deposits.

Good to know: CBA restricts crypto-related transactions to a maximum of $10,000 per calendar month in total across all of your accounts. Any attempt to transfer beyond this cap will be immediately declined.

Status: No (Avg Deposit Time: Often blocked or delayed)

ING Australia remains heavily restrictive toward digital assets. The bank frequently blocks or delays transactions to cryptocurrency exchanges and places heavy limits on the types of transfers that can be made to trading platforms.

Good to know: ING often delays transactions over $1,000 by a full business day and generally does not support instant PayID or Osko transfers over $1,000 per day for crypto purposes. They also prohibit business accounts for crypto trading.

Status: No (Avg Deposit Time: Often blocked or delayed)

Westpac continues its restrictive, fraud-prevention-focused approach to cryptocurrency. While some users occasionally slip through, the bank officially makes funding crypto accounts incredibly difficult and routinely cancels transactions to exchanges.

Good to know: Westpac imposes a strict limit of $10,000 per calendar month on payments made to cryptocurrency exchanges. If crypto is a regular part of your financial strategy, Westpac's public stance and restrictive limits make it an unviable option.

Status: No (Avg Deposit Time: Often blocked or delayed)

Bendigo Bank has taken an increasingly strict stance on cryptocurrency. To combat scams and fraud, they frequently block payments to high-risk crypto platforms and regularly flag everyday crypto transfers for manual review, causing ongoing friction for users.

Good to know: If you regularly trade or move funds to various exchanges, Bendigo Bank’s aggressive anti-fraud measures will likely result in delayed or rejected transactions.

While none of Australia’s major banks currently offer direct crypto buying or wallet features, some make it easier to interact with the crypto ecosystem than others. ING, Up, and St.George are among the most crypto-welcoming banks in 2025, while CBA and Westpac have taken a more conservative approach.

Bonus Tip: If you're using your crypto – for example, to back a loan – it's even more important to have a bank that won’t interfere with your transfers or repayments.

Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.

*Approved applicants only. Terms, conditions, fees and charges apply. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689.