How to fund your Nexo account with AUD in Australia

Sep 06•4 min read

Getting Australian dollars into your Nexo account is the first step to using any of Nexo's products, from the Exchange to Growth to a Credit Line. In Australia, that process looks a little different to other markets, because Nexo Australia gives eligible clients their own dedicated AUD account details for deposits — rather than routing every transfer through a generic overseas account. Here's how it works.

Get your dedicated AUD account details

Once your account is verified, you can view your AUD transfer details in the app. Depending on your registration date and account type, these details are either personal to you (your own account number, no reference code needed) or shared Nexo-held details that require a reference code on every transfer. The screen will show you which applies — check the beneficiary name: if it's yours, the details are personal; if it's Nexo's, they're shared and you'll need the reference code shown alongside them.

To find them:

  1. Open the Nexo app and tap Add funds on your Dashboard.
  2. Select Bank transfers.
  3. Choose AUD as the currency.
  4. Follow the on-screen instructions for your transfer details (and reference code, if shown).

Send a bank transfer

With your account details on hand, funding your account is the same as making any other bank transfer:

  1. Log in to your bank's app or online banking.
  2. Add Nexo's AUD details as a payee.
  3. Enter the amount (5 AUD minimum recommended) and the reference code if one applies.
  4. Set the beneficiary name to match your name exactly as shown on the Receive AUD screen, then confirm.

Nexo supports AUD bank transfers via two local rails: NPP — the fast payments network most banks brand as Osko — and BECS, the older direct-entry system. An NPP/Osko transfer between participating banks tends to land near-instantly; a BECS transfer typically takes 1–3 business days.

Either way, it's a same-country payment to a BSB and account number your bank recognises, which avoids the delays and blocks that can come with sending assets overseas to fund a crypto account. Exact timing still depends on your bank and isn't guaranteed by Nexo.

Buy crypto directly with AUD

If you'd rather skip a separate bank transfer altogether, you can buy crypto in your account directly using AUD via a debit or credit card through Nexo's Buy Crypto feature. This converts your AUD into your chosen asset in one step, which is useful if you want to start using Exchange or Growth straight away rather than holding an AUD balance first.

Add crypto instead

You don't need to fund in AUD at all if you'd rather transfer digital assets you already hold from another wallet or exchange. This works the same way as an AUD deposit — go to the relevant asset in your Wallet, select Add funds, and use the deposit address shown.

A note on getting the details right

Double-check your BSB and account number against what's shown in the app before every transfer, particularly if you're setting up a new payee or transferring for the first time. Because these details are unique to your account, an error here — rather than being automatically corrected — can delay your funds reaching your balance.

Frequently asked questions

1. Is there a minimum amount I can transfer? 

Minimums can apply and may vary depending on your bank and the transfer method you use. Check the amount shown in the Nexo app before sending a transfer.

2. Can I fund my account from a bank account that isn't in my name? 

Nexo generally requires deposits to come from an account held in your own name, consistent with standard anti-money-laundering checks. If you're unsure whether a specific account qualifies, check with Nexo support before transferring.

These materials are accessible globally, and the availability of this information does not constitute access to the services described, which may not be available in certain jurisdictions. These materials are for general information purposes only and are not intended as financial, legal, tax or investment advice, offer, solicitation, recommendation, or endorsement to use any of the Nexo Services and are not personalised, or in any way tailored to reflect particular investment objectives, financial situation or needs.

Digital assets are subject to a high degree of risk, including but not limited to volatile market price dynamics, regulatory changes, and technological advancements. The past performance of digital assets is not a reliable indicator of future results. Digital assets are not money or legal tender, are not backed by the government or by a central bank, and most do not have any underlying assets, revenue stream, or another source of value.

Nexo Australia Pty Ltd (ACN 667 513 073) is registered with AUSTRAC as a Virtual Asset Service Provider (Reg. No. DCE100843695-001). AUSTRAC registration is for AML/CTF purposes only and is not an endorsement. Nexo Australia is a member of the Australian Financial Complaints Authority (AFCA).

Independent judgment based on personal circumstances should be exercised, and consultation with a qualified professional is recommended before making any decision.