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Independent Reserve graphic with dark blue background. Text reads “How to buy Bitcoin & crypto with Bank of Melbourne.” On the right side, a photo shows Melbourne’s Docklands waterfront at sunset, with modern high-rise buildings and the Webb Bridge reflecting on the water.

Ben RobertsKnowledge base

How to buy Bitcoin and crypto with Bank of Melbourne (BOM)

Bank of Melbourne (BOM) does not provide a way to directly buy, hold, or trade cryptocurrency through its own banking platforms. BOM customers can securely buy Bitcoin and crypto by making transfers to crypto exchanges such as Independent Reserve, one of Australia’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through creating an account, depositing funds, and purchasing Bitcoin, along with BOM’s policies on crypto transactions, and tax considerations.