Bank Transfers Account For Over Half Of Australian Crypto Funding, KuCoin Report Finds

KuCoin has released a market insights report revealing that bank transfers are the dominant method for funding cryptocurrency accounts in Australia, with 52.4% of respondents using this method.
 

The report, titled Into the Cryptoverse: Australia 2025 Edition, draws on a survey of active investors, traders, and builders conducted during a major industry event in November 2025. The findings indicate a shift from early-stage experimentation towards a mature phase where accessibility and integration with traditional finance are priorities.
 

The data shows that credit and debit cards are the second most popular funding method at 40.1%, followed by direct crypto deposits at 38.8%. Digital wallets account for 29.5% of funding methods, whilst peer-to-peer trading represents 22.0%.
 

The survey was conducted against a backdrop of growing adoption in Australia, where 22% of adults now hold digital assets. The preference for traditional fiat rails highlights the importance of locally supported payment channels in exchange selection.
 

KuCoin currently provides Australian users with direct AUD fiat deposit and withdrawal services, enabling funds to move between local bank accounts and the exchange. The platform has secured AUSTRAC Digital Currency Exchange (DCE) registration and established a physical headquarters in Sydney's CBD.
 

James Pinch, Managing Director, KuCoin Australia

James Pinch, Managing Director, leads the company's operations in Australia. The report indicates that the community is driven by working-age professionals with long-term investment horizons. Whilst spot trading remains the foundation of engagement, the growing use of crypto for everyday payments suggests digital assets are transitioning from speculative assets to routine financial tools.

KuCoin is a cryptocurrency platform operating in the global digital assets market.
 

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