Buy bitcoin with BPAY in Australia
- Status
- Legal
- Currency
- Australian dollar (AUD)
- Takes BPAY
- 1 exchange
- Last reviewed
- 2026-08-23
One of the exchanges we recommend in Australia takes BPAY for funding bitcoin purchases. It is one of several rails in use here; the full picture is in the Australia guide.
What is BPAY?
BPAY is Australia's bill payment scheme, operated by Australian Payments Plus. You pay from inside your own online banking by entering the biller's BPAY Biller Code and a Customer Reference Number, so the money is pushed from your bank account rather than pulled by the biller. AP+ says BPAY is offered by over 95,000 businesses and is available in the online banking of over 140 financial institutions. Nothing about your card or personal details is handed to the biller.
- Speed
- Not instant: a payment made before your bank's cut off on a banking business day is processed that day, and AP+ says the money clears to the biller within one banking business day.
- Cost
- Banks generally do not charge for a BPAY payment made online from a transaction account, though it can count towards an account's free withdrawal allowance.
- Limits
- Ceilings come from your bank rather than from BPAY: ANZ, for example, defaults to $15,000 a day in its app and $75,000 a day in internet banking.
Exchanges that take BPAY in Australia
Ranked as in our Australia guide. Every payment method shown is verified for this exact exchange and country pairing.
- 2CoinSpot4.4
Australia's largest exchange by user count, with the widest set of local funding rails and a 0.1 percent market-order fee for anyone who avoids the instant-buy button.
- Fees
- 0.1 percent on market orders, 1 percent on the instant buy. BPAY deposits cost 0.9 percent and cards 2.5 percent; PayID and bank deposits are free.
- KYC
- Required
- Pay with
- PayID / Osko, Direct bank deposit, BPAY, Credit or debit card
On this pairing: 0.9 percent fee and slower than PayID, but works from any bank login
See the full how-to-buy guide for AustraliaEverything about buying bitcoin with BPAY
Watch: how to choose an exchange
We have not filmed a walkthrough for Australia yet, so this is our general one, from our YouTube channel @dontgetrekt. It also sits on the home page, next to the country search it starts from.
Do you need a VPN?
A VPN hides which sites you visit from the network you are on and from your internet provider, which is worth having when you move money over a connection you do not control. It does not get you past an exchange's identity checks: every platform we list verifies who you are no matter where you connect from.
If you want one, the strongest records on our list belong to NordVPN (6 independent no-logs audits, the most of any service we review), Windscribe (its no-logs claim tested in the real world 3 times) and Proton VPN (the most audited service with a free tier).
Other ways to pay in Australia
Frequently asked questions
Which exchanges accept BPAY in Australia?
Of the 11 exchanges we recommend in Australia, CoinSpot accepts BPAY for funding purchases. Worth knowing before you fund: CoinSpot, 0.9 percent fee and slower than PayID, but works from any bank login.
Is buying bitcoin with BPAY legal in Australia?
Bitcoin is fully legal in Australia. Exchanges must register with AUSTRAC and meet anti-money-laundering obligations, a requirement in force since April 2018, with expanded obligations under the 2024 AML reforms phasing in from July 2026. The Corporations Amendment (Digital Assets Framework) Act received royal assent in April 2026 and will require digital asset platforms to hold an Australian Financial Services Licence from ASIC once the framework commences in April 2027. The ATO treats bitcoin as a capital gains tax asset.
How long does a BPAY deposit take?
Not instant: a payment made before your bank's cut off on a banking business day is processed that day, and AP+ says the money clears to the biller within one banking business day. That is the rail itself; an exchange may hold a first deposit for longer while it verifies your account.
What does it cost to buy bitcoin with BPAY?
Banks generally do not charge for a BPAY payment made online from a transaction account, though it can count towards an account's free withdrawal allowance. Any fee the exchange adds on top is separate, and is shown per exchange above.