Summary: The AfterPay app does not currently support cryptocurrency purchases through digital asset trading platforms like CoinSpot, Coinbase or Binance.
The only way that investors in Australia can buy digital assets with credit is with a credit card in Australia. One of the best platforms that accepts credit card deposits in Australia is CoinSpot. Their exchange allows you to deposit AUD via any VISA/Mastercard to buy over 370 crypto assets.
- Fast and cheap AUD deposits from a wide variety of Credit Cards and other payment methods.
- 370+ Cryptocurrencies, Crypto Staking, Crypto ETFs, NFT Marketplace & more features.
- Licensed and Regulated by ASIC & AUSTRAC with Audited Proof-of-Reserves of customer funds.
Will AfterPay support Crypto purchases?
The Square CEO and former Twitter CEO Jack Dorsey recently acquired AfterPay and outlined plans for them to support Bitcoin purchases. Specifically, Jack plans to merge AfterPay into his suite of Bitcoin services and companies that integrate with the blockchain like CashApp and Square.
This is an exciting prospect for the Crypto ecosystem given that AfterPay had a reported $10 billion in sales in their most recent reporting quarter.
How to buy Crypto or Bitcoin with AfterPay Alternative
The best way to buy Cryptocurrency with an AfterPay alternative that provides credit is with a VISA or Mastercard Credit Card. To do this, we would recommend a platform like CoinSpot that offers fast and cheap USD deposits via Credit Card to trade over 370 cryptocurrencies and a wide variety of NFTs from OpenSea.
You can get started in 4 simple steps below:
- Sign up to the CoinSpot Australia platform.
- Deposit Australian Dollars (AUD) from any Credit Card or Bank Transfer, Debit Card, Cash and other methods.
- Find the cryptocurrency on the exchange you want to buy (pick from over 370 assets).
- Input the AUD amount you want to buy and execute the trade.
AfterPay is a global leader in payment solutions. The company offers a range of services that allow consumers to pay for their purchases over time. The company has operations in the United States, Australia, and New Zealand. AfterPay was founded in 2014 by Nick Molnar and David Baker. The company is headquartered in Sydney, Australia.
AfterPay has been profitable since its inception and is backed by leading global investors. AfterPay allows consumers to pay for their purchases in four equal instalments, due every two weeks. There are no interest or hidden fees associated with using AfterPay. The application is available at over 9,000 online stores.
The company has a default rate of less than 1%. The company has a customer satisfaction rating of 97%. AfterPay is an accredited business with the Better Business Bureau (BBB).
At the moment, there is no indication that AfterPay will support Crypto purchases. However, given the recent acquisition by Jack Dorsey, this could change in the future. Until then, those looking to buy Cryptocurrency or Bitcoin can do so with an AfterPay alternative such as CoinSpot where they can deposit AUD with a Credit Card to trade.