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Buy Bitcoin with ANZ

[✓] last verified 2026-01-28·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.

Crypto Compatibility Score: 54/100 (Fair)

Score Breakdown:

  • Payment methods: 20/35 pts
  • Bank transfer reliability: 17/25 pts
  • Limits: 16/20 pts
  • Cost: 8/10 pts
  • Evidence: 7/10 pts
  • Crypto policy: Restrictive policy (-10)

Supported payment methods: osko, bpay

Last verified:

Quick Verdict

ANZ doesn't sell crypto and blocks payments by default through Crypto Protect, you'll need to disable it in settings first. After that, PayID/Osko work within a $10,000/month cap.

  • [✗]

    Can you buy Bitcoin in the app?

    No, use an external exchange

  • [✓]

    Can you fund an exchange?

    Yes, but with restrictions

  • [›]

    Best funding method

    PayID/Osko

  • [!]

    Potential issue

    Crypto Protect blocks by default plus $10,000 monthly cap

Top Exchanges for ANZ

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. Pick an AUSTRAC-registered exchange
    Use an AUSTRAC-registered exchange and check ANZ Plus Crypto Protect settings before funding.
  2. Create your exchange account
    Register and enable two factor authentication.
  3. Complete identity verification
    Verify identity so deposits are enabled.
  4. Check Crypto Protect settings
    In ANZ Plus, go to Profile then Manage payments then Crypto Protect and adjust if blocked.
  5. Copy PayID and reference
    Get the PayID and any reference details from the exchange deposit screen.
  6. Send PayID in ANZ app
    Open the ANZ app, tap Pay then PayID, enter the PayID, confirm the payee, and approve; stay under the $10,000 monthly cap.
  7. Wait for funds to arrive
    Osko PayID is often instant once Crypto Protect is off, but first payments can still trigger checks.
  8. Purchase Bitcoin
    Buy BTC once your deposit is credited.
  9. Secure your Bitcoin
    Withdraw to a wallet if you want self custody.

[!] Troubleshooting

  • If PayID transfers are rejected, check ANZ Plus Crypto Protect. It can block crypto payments by default until you change settings.
  • If you hit a cap, ANZ has applied a $10,000 monthly limit on payments to crypto exchanges.
  • If a first payment is held, complete scam warning prompts in-app and retry a smaller test amount.

Frequently Asked Questions

Can I buy Bitcoin with ANZ?

Yes. Most ANZ customers buy Bitcoin by sending a PayID or BSB and account number transfer to an AUSTRAC-registered exchange such as CoinSpot, Kraken, Binance, or Independent Reserve. If you bank with ANZ Plus, ANZ has a dedicated "crypto payments" control that can limit crypto transfers, so check your settings before you deposit. For bigger first-time payments, ANZ may require extra identity checks like Voice ID.

Does ANZ Plus cap crypto deposits, and can I change it?

ANZ Plus describes a crypto payments feature designed to reduce scam losses, including limits on payments to cryptocurrency exchanges. If your payment is declined, check whether crypto payments are enabled and whether you have hit a cap for the period. If you need more flexibility, you may need to use an exchange deposit method that fits within ANZ Plus rules.

Why did ANZ ask for Voice ID when I tried to send a larger exchange transfer?

ANZ explains that it may request Voice ID for certain payments, including when making a payment of more than $1,000. If you are onboarding a new exchange payee, be ready for a verification step. Once you clear it, repeat deposits are usually smoother.

PayID from ANZ Plus vs ANZ Internet Banking, what changes for crypto deposits?

The rail is the same (NPP), but ANZ Plus can apply extra scam controls specific to crypto payments. If you keep hitting blocks in ANZ Plus, a smaller test deposit can help you find the workable size. If instant speed matters, use PayID because PayID payments typically run over Osko.

Why did my ANZ transfer show as a normal bank transfer instead of Osko?

Osko is designed to send participating bank transfers in under a minute, but not every payment is sent as Osko and some can be held for security. If the exchange deposit is time-sensitive, use PayID first, then fall back to a standard transfer only if PayID is down. For slow clears, check whether the payment was made outside normal banking processing windows on the receiving side.

Can I use BPAY from ANZ to fund crypto exchanges?

Sometimes. If the exchange issues a BPAY Biller Code and Customer Reference Number, you can pay it like a bill from your bank. BPAY is not built for instant deposits, so treat it as a slower funding option compared with PayID.

Evidence & Verification

This page references 4 sources: ANZ Plus Crypto Payments, ANZ Voice ID Verification, PayID FAQs (AusPayNet). Information was compiled from official sources and user reports.

Sources:

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