Summary: BPAY is one of the most popular payment methods in Australia, with over 10 million registered accounts on the platform. As a widely adopted payment services provider, it is accepted on most digital asset exchanges in Australia. Securing a trading platform that is regulated and licensed with AUSTRAC is important.
Following an extensive assessment of the leading exchanges in the country, we found that CoinSpot is the number one pick for Aussies. It is Australia's largest and most popular crypto trading platform that offers fast and cheap BPAY deposits to trade hundreds of tokens. In addition to trading, CoinSpot offers Bundles (Crypto ETFs) and NFTs like BAYC or Crypto Punks.
- Instant Australian Dollar (AUD) with BPAY to buy and sell over 370 cryptocurrencies.
- Regulated by AUSTRAC as a Digital Asset Service Provider and licensed by ASIC.
- Wide variety of features including Crypto Staking, NFT Marketplace & Wallet, Crypto ETFs and more.
Can I Buy Bitcoin with BPAY?
Yes, you can buy cryptocurrencies with BPAY through a secure, regulated and licensed cryptocurrency exchange in Australia. Many Australian trading platforms accept BPAY deposits, but most of them charge high fees, between 2% - 5% for this payment method. Selecting an exchange registered with AUSTRAC is essential to ensure the safety of your assets.
How to Buy Bitcoin and Crypto with BPAY
The best crypto exchange in Australia to buy and sell digital assets with BPAY deposits is CoinSpot. Their platform offers the fastest and lowest fee BPAY deposits at 0.9% to trade over 380 cryptocurrencies. CoinSpot is the country's largest and most trusted exchange with over 2.5 million users on the platform.
Follow the steps below to begin investing with BPAY:
- Open a free account on CoinSpot and complete the verification requirements.
- Click 'Deposit Funds', pick ‘BPAY” as your method and follow the prompts to deposit AUD.
- Go to the 'Markets' tab, find Bitcoin, and tap 'View BTC/AUD Market'.
- Input the amount of AUD you want to invest and select the 'Buy BTC' button.
.webp)
Is BPAY Crypto-Friendly?
BPAY is an electronic payment system that has gained interest from Aussie cryptocurrency enthusiasts due to its progressive stance on blockchain technologies and digital assets. The system's compatibility with regulated cryptocurrency exchanges and its user-friendly, secure transaction method have made it a preferred choice for cryptocurrency investors.
About BPAY
BPAY is an innovative, Australian-based electronic bill payment system providing a secure, streamlined solution for individuals, businesses, and organisations to manage and pay their bills in one place. Renowned for its easy-to-use interface, BPAY revolutionises the bill payment process by allowing users to pay bills directly from their bank account or card via online banking.
Its unique selling point lies in its ability to consolidate multiple bill payments into a single platform. The service eliminates the need to track numerous payment deadlines, thereby reducing the risk of late payments or missed bills. Its key features include scheduling future payments, managing recurring bills, and receiving bill notifications.
Final Thoughts
To sum up, BPAY is a convenient and secure way to buy cryptocurrencies in Australia for low fees. After comparing the top exchanges that accept BPAY deposits, we have determined that CoinSpot is the number one option for Aussies. CoinSpot accepts BPAY deposits and supports over 380 tokens through its platform that can be bought, sold, held or staked for APY (yields).
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
