Bank transfers emerge as the primary gateway to crypto in Australia

By Puja Sharma

The findings highlight growing demand for regulated exchanges that support seamless fiat on- and off-ramps

KuCoin, a global cryptocurrency platform built on trust, released its latest market insights report, Into the Cryptoverse: Australia 2025 Edition. The findings signal a definitive shift away from early-stage experimentation toward a mature phase of pragmatic growth, where accessibility, trust, and seamless integration with traditional finance are paramount.

Australia’s crypto market is moving into a more mature phase, marked by a clear shift from experimentation to practical, everyday use. Recent insights show that a growing share of Australian adults now hold digital assets, but the focus is no longer on speculative trading alone. Instead, users are prioritising trust, accessibility, and seamless integration with traditional financial systems.

One of the strongest signals of this maturity is how Australians fund their crypto activity. Bank transfers have emerged as the dominant method, accounting for over half of all crypto funding, followed by credit and debit cards. Direct crypto deposits and alternative methods such as digital wallets and peer-to-peer trading play a secondary role. This trend highlights the continued importance of familiar, locally supported fiat payment channels in shaping user choice and platform adoption.

The data also points to a more sophisticated user base, largely made up of working professionals with longer-term investment horizons. While spot trading remains central, there is increasing interest in using crypto for everyday payments, suggesting digital assets are gradually becoming routine financial tools rather than purely speculative instruments.
Overall, the Australian crypto ecosystem appears to have entered a new stage of development. Platforms that offer reliable fiat on- and off-ramps, operate within compliant frameworks, and reduce friction between traditional finance and digital assets are now best positioned to support sustainable growth in the market.

Set against the backdrop of a rapidly expanding national landscape—where 22% of Australian adults now hold digital assets —the report draws on a targeted survey of active investors, traders, and builders conducted during a major industry event in November 2025. The data reveals a sophisticated user base that is moving beyond speculative trading toward real-world utility. Crucially, these users are prioritising platforms that reduce friction, enabling smooth movement between fiat currency and digital assets.

Funding accessibility emerges as a defining theme of the report. The survey data clearly shows that traditional fiat rails dominate crypto onboarding in Australia. Bank transfers are the most widely used funding method, cited by 52.4% of respondents, followed by credit and debit cards at 40.1%. In comparison, 38.8% of participants reported using direct crypto deposits, while alternative methods such as digital wallets (29.5%) and P2P trading (22.0%) play a secondary role.

This distribution highlights that ease of access to familiar, locally supported fiat payment channels remains the primary driver of exchange choice, underscoring the importance of robust bank transfer and card-based infrastructure in the Australian market.

Aligning directly with these market demands, KuCoin currently provides Australian users with direct AUD fiat deposit and withdrawal services, enabling funds to move instantly between local bank accounts and the exchange. This capability is central to KuCoin’s strategy of building infrastructure that supports both new entrants and experienced traders as the market infrastructure solidifies.

The report further highlights a community driven by working-age professionals who exhibit long-term investment horizons. While spot trading remains the foundation of engagement, the growing use of crypto for everyday payments suggests that digital assets are graduating from “speculative assets” to “routine financial tools.”

These findings underscore that the Australian market has entered a new era of maturity—one where trusted platforms, compliant operations, and accessible fiat services are the pillars of sustainable growth. KuCoin’s continued investment in local capabilities positions the platform to lead this transition.