Exchange Review

Buy Crypto with BPAY

Summary: The most affordable and secure way to buy cryptocurrencies with BPAY is by using the CoinSpot cryptocurrency exchange. You can buy Bitcoin and over 370 other cryptocurrencies on CoinSpot aswell as stake over 30 tokens.

James O'Connell
August 13, 2022

BPAY is a bill payment service that allows you to pay your bills quickly and easily. You can use BPAY to pay your gas, electricity, phone, and other bills. With BPAY, you can be sure that your payments will be made on time and that you will not have to worry about late fees or bounced checks. BPAY is a great alternative to traditional methods of bill payment such as check or money order.

To use BPAY, simply log into your online banking account and choose the BPAY option. Enter the amount you wish to pay and the date you wish to make the payment. Your payment will be processed immediately and you will receive a confirmation number. BPAY is a secure, reliable, and convenient way to pay your bills. And it now can be connected to multiple cryptocurrency exchanges like Binance and CoinSpot to buy crypto with.

Table of Contents

Can I buy crypto with BPAY?

Yes you can buy cryptocurrencies with BPAY as a payment method when you use a regulated and licensed cryptocurrency exchange. Most Australian-based exchanges accept BPAY as a deposit method. The best cryptocurrency investing platform in Australia is CoinSpot.

CoinSpot offers the lowest trading fees, most Australian-supported deposit methods, largest selection of cryptocurrencies (out of any Australian exchange) and an NFT marketplace that allows you to invest in popular projects with any token supported on CoinSpot.

If you're interested in learning more about CoinSpot and its features, fees, security and support, you can visit our comprehensive review of CoinSpot.

BPAY Home Page
BPAY Home Page.

How to buy Bitcoin & crypto with BPAY

If you want to buy Bitcoin and other cryptocurrencies with BPAY, you're in the right place. To buy crypto with BPAY you will need to use a secure exchange like CoinSpot. Follow the below steps to buy Bitcoin with BPAY today.

  1. Sign up to CoinSpot and complete the onboarding process.
  2. Select 'Deposit Funds' and tap 'BPAY'.
Deposit Funds on CoinSpot with BPAY
  1. Copy the provided unique Biller Code and Customer Reference number into your banking app and send over the amount of AUD you want to invest.
  2. Go to the ‘Markets’ tab and select ‘BTC/AUD’.
Markets tab on CoinSpot
  1. Enter the amount of AUD you want to spend and select ‘Buy BTC’.
How to buy Bitcoin with BPAY
How to buy Bitcoin with BPAY.

Buying cryptocurrency fees

CoinSpot has the lowest trading fees in Australia and offers multiple free deposit methods including Bank Transfer, Osko, POLi & PayID. For market buy the fee is a competitively low 0.1% and the instant buy feature is 1%. The industry average for trading fees is 1% so CoinSpot is significantly lower than the average.

CoinSpot Fees Schedule.
CoinSpot Fees Schedule.

BPAY cryptocurrency policies

BPAY has been integrated into multiple cryptocurrency exchanges as a payment method. It is considered crypto-friendly and there has been rumours that BPAY may add a cryptocurrency investing feature to its platform. Similar to Neteller, an international payment method that now has its own cryptocurrency exchange.

Buy Crypto with BPAY

Author Bio

James O'Connell has been writing about traditional markets for over 5 years. He pivoted to writing about digital assets after learning about lending protocols like AAVE and Compound.

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