Paid By Coins: The Fast and Easy Way for Aussies to Pay Bills with Crypto

Partner Content

Aussie crypto exchange awarded coveted ISO 27001 certification

Paid By Coins is an online bill payment service that lets Australians quickly and conveniently pay bills, transfer to any Australian bank account, and buy e-gift vouchers using Bitcoin and other popular cryptocurrencies.

In addition to Bitcoin, Paid By Coins also accepts Ethereum, Litecoin, Bitcoin Cash, and XRP.

When Micky asked what sets Paid By Coins apart from other available crypto bill pay options, a spokesperson for the company said:

“Crypto’s too cumbersome for spending and too volatile for saving. We fixed those problems for Australians, providing the best conversion rate and no fees.”

What Bills Can I Pay?

Any bill that accepts BPAY or requires payment into an Australian bank account can be paid with Paid By Coins, including:

  • Credit card payments
  • Mortgage / rent
  • Car payments
  • Utility bills
  • Phone and internet bills
  • And more!

You can also use Paid By Coins to purchase e-gift vouchers from dozens of popular retailers.

What kind of bills can I pay in crypto with Paid By Coins

How Paid By Coins Works

Making a payment with Paid By Coins takes only four steps:

  1. Select the cryptocurrency you want to use
  2. Provide information about the bill or recipient you are paying
  3. Paid By Coins will automatically calculate how much cryptocurrency you need to send and generate a wallet address for you to send your payment to
  4. Paid By Coins converts your crypto payment to AUD and makes the payment on your behalf

Compare that to trying to cash out your crypto yourself using an exchange:

  1. Transfer the correct amount of cryptocurrency from your wallet to the exchange you want to use (don’t forget to account for fees).
  2. Wait for your deposit to arrive on the exchange
  3. Sell your cryptocurrency for AUD
  4. Withdraw AUD to your bank account
  5. Wait for your AUD to arrive in your bank account (which can sometimes take days)
  6. Log into your bank account
  7. Pay your bill

Paying a bill with Paid By Coins takes just minutes, compared to a day or more using an exchange.

Transfer Times and Transaction Limits

As long as your payment is confirmed on the blockchain by 5 pm AEST Monday through Friday, Paid By Coins will send your payment that same day. Payments made after 5 pm or on weekends will be sent the following business day.

Depending on the cryptocurrency you use and the network congestion at the time of payment, it can take up to an hour – sometimes more – for your payment to be confirmed on the blockchain, so take that into account when you pay your bill.

Paid By Coins requires a minimum payment amount of $30. The maximum payment amount is $75,000 if paid with Bitcoin, $50,000 with Ethereum and $2,000 for all other accepted cryptocurrencies.

Rates and Fees

Paid By Coins does not charge any transaction fees for its services. Instead, the platform makes its money through currency spreads.

A spread is the difference between the price at which Paid By Coins purchases cryptocurrency from the bill payer and the price at which it then sells crypto back to the market.

Paid By Coins offers better exchange rates than other crypto bill pay services – up to six percent. That means that you get to keep more of your hard-earned crypto in your wallet.

Paid By Coins - Compliance and Security

Compliance and Security

Paid By Coins is an AUSTRAC-registered digital currency exchange and an authorised representative of an Australian Financial Services Licence holder (AFSLH).

As such, it identifies and verifies the identity of every client before they can make any transactions. The verification process is outsourced to VixVerify through the GreenID platform.

The information requested includes full name, date of birth, and address. While this is usually enough to verify your identity, there may be times when additional identifying information – such as photo ID images – is required.

All client information and payments made through Paid By Coins are kept strictly confidential. You can read the platform’s privacy policy for additional details on what information they collect.


Paid By Coins is a simple, fast, and convenient way for Australians to pay common everyday bills and other Australian bank accounts with cryptocurrency.

The interface is user-friendly and anyone signing up to use Paid By Coins for the first time will be up and running in no time.

User verification processes can often be off-putting, but it is a necessity for any regulated exchange. To Paid By Coins’ credit, the process is very quick and not cumbersome at all.

Competitive exchange rates and zero transaction fees make Paid By Coins an attractive payment option for crypto adopters in Australia.

Disclaimer: This is commercially sponsored content and cannot be considered as investment advice. Publication does not imply endorsement and Micky is not responsible for the products, services, or claims made. Readers should do their own research before taking action on this or any other company and assume full responsibility for their decisions.

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.