While cryptocurrency is frequently referred to as the future of cash, this does not imply that you can purchase groceries with Bitcoin.
However, there is an increasing number of businesses that take Bitcoin and other cryptocurrencies as payment. Not only are there a growing number of online shops doing this, but the number of physical establishments accepting cryptocurrency in Australia is also growing.
This post will take you through some of Australia’s top businesses and enterprises that accept bitcoin and cryptocurrency as payment.
Keep in mind that this list is not exhaustive and is continuously being updated. Please make inquiries if you are a business that takes Bitcoin or other types of cryptocurrency.
We recommend you use Swyftx as an exchange to purchase BTC.
Why Should Businesses Accept Bitcoin?
There are several reasons why a company would wish to accept Bitcoin. One advantage is that transaction costs are often cheaper than those charged by credit cards. Furthermore, crypto payments are frequently faster than those made through regular banking channels.
BTC also provides irrevocable payments, which reduces the possibility of fraud. Many company owners are concerned about dishonest persons undoing their payments or transfers, which is impossible with digital currency payments.
Because Bitcoin is entirely decentralized, foreign transactions can be completed considerably more simply and inexpensively, as there are no international exchange costs. This is especially handy when shopping online with merchants who do not accept your local fiat money.
How Does Crypto Payments Work for Most Businesses?
Companies will need to set up a crypto or bitcoin wallet to hold crypto assets, just as they do with personal cryptocurrencies. This is not the same as the wallet you keep in your pocket. A cryptocurrency wallet is a piece of software used to store, receive, and transmit crypto assets.
Some companies choose to use a physical wallet, a hardware device that stores their private wallet keys. Consider this to be a PIN for a bank account. Other suppliers and retailers use software wallets like desktop or mobile wallets.
In theory, a company could just give the consumer their digital wallet address and charge them a set amount of Bitcoins. However, because the cryptocurrency market is unpredictable, buyers and sellers may be hesitant to do so. The fiat value of BTC can significantly rise or decline, implying that the price paid for the goods or service is no longer correct.
To address this issue, many firms have emerged that provide merchant services for taking Bitcoin payments via an alternate payment mechanism. Some cryptocurrency firms offer their crypto card, allowing customers to trade their cryptocurrency for products and services with a card swipe.
After you’ve figured out how and why you might be asking where you can spend your cryptocurrency in Australia, this guide will walk you through some of the top Australian companies and retailers that accept bitcoin and cryptocurrencies as payment.
Online Retailers Accepting Bitcoin
Thousands of online shops across the world now accept Bitcoin and other types of cryptocurrency as payment. This ranges from large corporations and organizations to tiny internet businesses. For the sake of this article, we will only look at a few Australian stores.
- Zumi is a website that offers gadgets. Currently, Bitcoin is accepted as payment.
- Pet Parlour was the first cryptocurrency-accepting online pet shop.
- BitShopping is an online retailer that offers anything from exercise equipment to pet supplies, technology, and home and garden products. They also accept an extensive range of currencies other than Bitcoin.
- Dream PC Australia creates bespoke PCs and sells PC components. They are now accepting cryptocurrency payments online.
- Cheap Air is an online airline booking service that has collaborated with BitPay to accept Bitcoin payments directly.
- Launtel, an NBN service provider, allows digital money on its internet plans.
- UndieGuys carries a variety of men’s underwear brands.
- The Satoshi Living Room is an online service that lets you pay any bill or bank using many significant coins. All you’ll need is your BPAY or account information, as well as your crypto wallet.
Queensland Businesses
Eateries
The Phoenix Rising Cafe or the Bush Theatre Cafe are two options. The café takes bitcoin and is located on Mulgum Creek in Nimbin.
- Kebabs of origin. The fast-food restaurant business, which has branches throughout Queensland, now accepts cryptocurrencies at specific locations, including bitcoin, Binance Coin, Ethereum, and Litecoin.
- Pata Negra Tapas, a tapas and pish restaurant in Bardon’s lush suburbs, accepts bitcoin as payment.
- Paddock & Brew Company, a Mackay restaurant specialising in locally sourced smoked meats and a broad range of craft brews, has begun accepting significant cryptocurrencies.
- Nom Korean is a Fortitude Valley fusion cuisine with an inexpensive street-food style that accepts Bitcoin payments for your meal bill.
Retail
- X-press IGA Bowen Hills offers Bitcoin (BTC), Litecoin (LTC), and Binance Coin (BNB) as payment methods for groceries.
- Jim’s Jerky is Australian beef biltong and jerky firm that has begun accepting Bitcoin direct debit payments.
- BUDA Organic Foods is a small farm in the Sunshine Coast hinterlands that accepts bitcoin payments for eggs online and in person.
- Power Supps in Albany Creek accepts cryptocurrency in exchange for a variety of supplements and vitamins.
Other
- Queensland Solar & Lighting accepts bitcoin for solar system payments.
- Shower screens are manufactured and installed by Budget Shower Screens across Brisbane. They are in Brisbane’s Clayfield neighbourhood.
- Gold Coast Aesthetic Dentistry takes all significant cryptocurrencies and provides regular and aesthetic dentistry in a luxurious office in Burleigh Heads.
- Lawless Salon is a hair salon in Fortitude Valley.
- Alpha Car Hire is based in Brisbane’s Fortitude Valley and takes a variety of Cryptocurrency as payment.
New South Wales Businesses
Eateries
- The SG is a cocktail bar in Sydney’s CBD that accepts cryptocurrency.
- Green Peppercorn is a Thai and Laos restaurant in Fairfield and Blacktown.
- The Owl House is a laid-back cafe that serves exquisite cuisine. They are in the city of Sydney.
- Spawn Point Bar is a video gamer’s dream, serving beverages with various old and new consoles and games.
- The Cellar By Bouche is a wine bar and restaurant in Sydney.
- Since I Left You is a restaurant and pub that features live music. They’re based in Sydney.
- Greenhouse Cafe is a tiny cafe in Darlinghurst, Sydney, that serves coffee, doughnuts, and snacks.
- Lezzet Grill and Pide House serve delicious Turkish cuisine as well as gourmet pizzas. They are in Sydney’s Surry Hills neighbourhood.
- Blackstar Pastry and Cafe is a boutique bakery that claims to have the “world’s most Instagram-able dessert,” the Strawberry Watermelon Cake. You may find it in Rosebery, Sydney.
- Peak Coffee is a wholesale coffee firm that distributes to restaurants and companies. They may be found at Port Macquarie.
Retail
- Lugarno Pharmacy accepts cryptocurrencies for the purchase of vitamins, prescription medications, cosmetics, and other items.
- Babylikestopony sells women’s apparel and is entirely run by women.
Other
- Quality Dental in North Sydney is a cosmetic dental practice.
- Monstrosity Dreadlocks is a prominent dreadlocks hairdresser in the Sydney neighbourhood of Stanmore.
- Tamworth Heart Clinic is a cardiology practise located in the Sydney suburb of Tamworth.
- Forsyth Real Estate is a real estate business with a focus on the lower north coast. They accept cryptocurrency for both advertising and house deposits.
Victorian Businesses
Food
- The Little Mule is a Melbourne brunch restaurant that takes Bitcoin for coffees and brekkie purchases.
- Third Wave Cafe in Albert Park serves coffee and snacks during the day and transforms into a BBQ joint at night.
- The Kodiak Club is a Bourbon bar and restaurant in Melbourne that serves American-style food and beverages.
- Giuseppe Pizza, located on the Mornington Peninsula, provides, you guessed it, pizzas.
- Grumpy’s Green is a lounge and live music pub in Fitzroy that serves burgers, nachos, and bar favourites.
Retail
- Vera Chan is a Melbourne gift shop that specializes in handcrafted and one-of-a-kind items.
- Urban Velocity is a bike shop that sells high-end bikes as well as components and services.
- Dream Vision Sound sells electronics, photography gear, and drones to both professional and amateur photographers.
- Eclectico in St Kilda sells clothing for men, women, and children.
- Another World Computer Centre in Coburg sells pre-assembled computers and parts, repairs, and services.
Other
- GlowGolf in Docklands provides miniature Golf dark.
West Australian Businesses
Eateries
- Bar Biscotti is located in Perth’s Central Business District and even gives BTC customers discounts.
Retail
- Beyond The Trap Door in Perth sells lingerie and unique apparel.
Other
- Broadwater Builds is a house remodelling and building business that takes bitcoin payments.
- Aiyana Retreat is a romantic vacation place for honeymooners and couples.
South Australian Businesses
Retail
- Town & Country Mattresses & Beds sells factory-direct mattresses and bed frames.
- Mega Health, located in Hallett Cove, is a health food shop.
Bitcoin ATM Locations in Australia
A Bitcoin ATM enables anyone to buy Bitcoin and other cryptocurrencies with a debit or credit card.
Some Bitcoin ATMs even allow you to buy and sell bitcoins. This means you may exchange Bitcoin for cash and withdraw it immediately.
Australia currently has hundreds of Bitcoin ATMs located around the country, including in most major cities.
Some essential sites are listed below.
New South Wales
In Sydney, there are presently 13 Bitcoin and cryptocurrency ATMs.
Sydney City Conveniences may be found on Elizabeth Street, Kent Street, King Street, George Street, and Liverpool Street.
The Metropolitan Hotel on Bridge St, Lucky 7 Crystal Minimart in Waterloo, EzyMart in Earlwood, Lashings Takeaway in Drummoyne, and the IGA in Tweed Heads are other sites.
Victoria
South Australia has six Bitcoin ATMs.
In Melbourne, there are presently 21 Bitcoin ATMs. Some are mentioned below.
Bitcoin ATMs are conveniently located in Prahran Central Shopping Centre and Chadstone Shopping Centre in Malvern East.
You may also find BTC ATMs in Richmond at Freo’s Finest, Braybrook at D Konnect, Kensington at Macaulay Cleanskins Wine, Bundoora at Armanii’s Cafe, Kew at Burgetory, and Narre Warren South at Zesty Joe’s Pizza.
Bitcoin ATMs are also available at Souvlaki GR in Thornbury and Saint Kilda.
South Australia
South Australia has six Bitcoin ATMs.
Some are located in Port Canal Shopping Centre in Port Adelaide, Supplement Warfare in Norwood, TeleChoice in Woodville Gardens, and Adelaide Central Plaza in Rundle Mall in the CBD.
Queensland
There are presently nine bitcoin ATMs in Brisbane.
They may be found at Cairns’ BLVK Temple Tattoo, Kirwan’s Second to None Nutrition, and Surfers Paradise’s Chevron Renaissance.
ATMs are available in The Moustachery in Bulimba and Paddington, The Grosvenor in Brisbane CBD, and Jackpot Dining in West End.
Western Australia
In recent years, Perth has seen an upsurge in the number of cryptocurrency ATMs.
Stanley College in North Bridge now has them, as do Greg’s Discount Chemist and Freo’s Finest in Fremantle, Cafe935 in East Victoria Park, All Seasons Pizzeria in Maylands, and Techniq Computer Solutions in Karawara.
