Buy Bitcoin with ANZ

[✓] last verified 2026-03-30·Reviewed by BankToBTC Team

Data from bank docs & AUSTRAC registers · How we verify · Report an error

$10K AUD/month. Crypto Protect blocks by default - must disable.

Supported payment methods: osko, bpay

Last verified: Mar 30, 2026

Best exchanges to use with ANZ

These exchanges have been verified for ANZ customers where OSKO/PayID deposits land fast, AUSTRAC registration applies, and AUD is supported.

Step-by-step guide to buying Bitcoin with ANZ

The easiest way to buy Bitcoin with ANZ is OSKO/PayID into an AUSTRAC registered exchange account. Start with step one below.

1. Disable Crypto Protect in ANZ Plus
   Open the ANZ Plus app, tap the Profile icon, then Security, then Scam Safe, then toggle off Crypto Protect. This step is essential: without disabling it, every transfer to a crypto exchange will be blocked regardless of the exchange.
2. Pick an AUSTRAC-registered exchange
   CoinSpot, Independent Reserve, and Swyftx are well-established AUSTRAC-registered exchanges that work with ANZ transfers.
3. Create your exchange account
   Sign up with your email address, set a strong password, and enable two-factor authentication.
4. Complete identity verification (KYC)
   Submit your driver's licence or passport. KYC is required before AUD deposits are enabled.
5. Get the PayID or bank deposit details from the exchange
   In the exchange app, navigate to Deposit then AUD then PayID or Bank Transfer. Copy the PayID address or BSB/account number and the exact payment reference.
6. Send a small test transfer from ANZ
   Open ANZ Plus, go to Pay, enter the exchange's PayID or bank details with the exact reference, and send a small test amount (for example, $20 AUD). Your very first transfer to a new exchange may be held up to 72 hours. This is a one-time check by ANZ.
7. Send your main deposit after the test clears
   Once the test deposit is confirmed on the exchange, send the main amount. Stay within the $10,000 AUD per calendar month cap. If you reach the limit, it resets at the start of the next calendar month.
8. Purchase Bitcoin
   With AUD available on the exchange, select BTC and confirm your purchase. Secure your Bitcoin in a personal wallet for long-term holding.

Frequently Asked Questions

Can I buy Bitcoin with ANZ?

ANZ does not sell Bitcoin in the ANZ app, but you can fund a regulated exchange like CoinSpot or Independent Reserve. The key step: ANZ Plus has a feature called Crypto Protect that is turned on by default and blocks all payments to crypto exchanges. You must disable it before any transfer will go through. Once disabled, a $10,000 AUD per calendar month limit applies and your first transfer to any new exchange may be held for up to 72 hours.

How do I disable Crypto Protect on ANZ?

To disable Crypto Protect in ANZ Plus: (1) open the ANZ Plus app, (2) tap the Profile icon in the top right, (3) tap Security, (4) tap Scam Safe, (5) find Crypto Protect and toggle it off. The toggle may take a few seconds to save. Once disabled, you can make PayID/Osko transfers to crypto exchanges up to $10,000 AUD per calendar month. You can re-enable Crypto Protect at any time if you want to restore the default block.

Why was my first ANZ transfer to a crypto exchange held for 72 hours?

When you make your very first payment to a new cryptocurrency exchange from ANZ, ANZ may hold the transfer for up to 72 hours as a one-time fraud check. This is triggered by the combination of a new payee and a transaction type ANZ identifies as going to a crypto exchange. After the initial hold clears and the exchange credits your account, subsequent transfers to the same exchange are usually processed faster. If the hold exceeds 72 hours, contact ANZ support with the transaction reference number.

What is ANZ's $10,000 monthly crypto limit?

After disabling Crypto Protect, ANZ applies a $10,000 AUD per calendar month cap on payments to crypto exchanges. This is specifically for crypto exchange payments and is separate from your general daily PayID limit. The cap resets at the start of each calendar month. If you have reached the limit and need to buy more Bitcoin this month, you will need to use a different bank account, such as one at NAB (which has no specific monthly crypto cap).

Does the ANZ Crypto Protect apply to standard ANZ accounts or only ANZ Plus?

Crypto Protect is a feature of ANZ Plus, which is ANZ's newer digital-only account platform. Standard ANZ accounts (opened before the ANZ Plus rollout) have their own fraud detection but do not have the same Crypto Protect toggle interface. If you bank with standard ANZ (not ANZ Plus), your experience may differ: you are more likely to have transfers reviewed on a case-by-case basis rather than being blocked by a global toggle. For the most accurate current policy for your account type, check the ANZ support page or call ANZ directly.

What taxes apply to Bitcoin profits for ANZ customers?

The ATO taxes cryptocurrency as a capital gains tax (CGT) asset for most Australian investors. A gain when you sell or exchange BTC is assessable income in the year you dispose of it. If you hold for more than 12 months, a 50% CGT discount applies for individuals. The bank you use has no effect on your tax treatment; what matters is the transaction record from your exchange. Store every trade confirmation and deposit receipt, and consider consulting an accountant familiar with crypto tax in Australia.

Evidence & Verification

This page references 3 sources: ANZ Source, Crypto Asset Investments, AUSTRAC Exchange Register. Information was compiled from official sources and user reports.

Sources:

• ANZ Source
• Crypto Asset Investments
• AUSTRAC Exchange Register

How we verify · Report an error

Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.