Buy Bitcoin with ING Australia

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

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

POLICY CHANGED April 2024. Now blocks some exchanges, transfers delayed.

Supported payment methods: osko

Last verified: Jan 28, 2026

Top Exchanges for ING Australia

• Kraken
• CoinSpot
• Binance

Step-by-step guide to buying Bitcoin with ING Australia

Funding from ING Australia usually means OSKO/PayID deposits into an AUSTRAC registered exchange. Our walkthrough makes it simple.

1. Pick an AUSTRAC-registered exchange
   Use an AUSTRAC-registered exchange for clean PayID funding.
2. Create your exchange account
   Register and enable two factor authentication.
3. Complete identity verification
   Verify identity before depositing.
4. Copy PayID and reference
   Get the PayID and any reference from the exchange deposit screen.
5. Send PayID in the ING app
   Open the ING app, tap Pay then PayID, enter the PayID, confirm the payee, and approve; check your daily limit settings if it fails.
6. Wait for funds to arrive
   Osko PayID is often instant, including weekends.
7. Purchase Bitcoin
   Buy BTC once your deposit is credited.
8. Secure your Bitcoin
   Withdraw to a wallet if you plan to hold long term.

Frequently Asked Questions

Can I buy Bitcoin with ING Australia?

Yes, via transfer to exchanges like Kraken, CoinSpot, Binance, or Independent Reserve. ING Australia has publicly stated it began declining some transactions to certain cryptocurrency exchanges from April 2024 as a scam control, so destination matters. If a transfer fails, try an AUSTRAC-registered exchange and use PayID for the cleanest deposit path.

What does ING's April 2024 crypto block actually affect?

ING says from April 2024 it may decline transactions to some cryptocurrency exchanges. The practical impact is that certain payees are blocked outright. If a destination fails, do not keep retrying the same transfer. Use a large AUSTRAC-registered exchange and test a small PayID deposit first.

How do I set a PayID in the ING app for crypto deposits?

ING's PayID FAQs explain you can register and manage your PayID (mobile or email) inside the ING mobile banking app. Once PayID is active, you can send deposits to exchanges using PayID. If an exchange only accepts BSB and account number, enter those manually instead.

What is ING's Osko daily limit and how does it affect crypto deposits?

ING's Osko explainer describes how real-time payments work and notes a daily payment limit applies to Osko transactions. Check your limit in the app before you try a large exchange deposit so the payment does not fail mid-flow.

Does BPAY work from ING for crypto exchange funding?

Yes, if the exchange provides BPAY details (Biller Code and Customer Reference Number). ING's BPAY FAQ covers how to make a BPAY payment. BPAY is not instant like PayID, so treat it as a slower backup option when timing is not critical.

Why did my ING card work on a merchant but fail on a crypto site?

Card payments go through online authentication and merchant risk checks that are separate from bank transfer controls. ING supports 3D Secure style verification for card purchases, and some merchants may trigger extra friction or outright blocks. If you want fewer card issues, use PayID or a bank transfer instead.

Evidence & Verification

This page references 4 sources: ING Australia Crypto Policy, ING Osko Payments, BPAY Support. Information was compiled from official sources and user reports.

Sources:

• ING Australia Crypto Policy
• ING Osko Payments
• BPAY Support
• 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.