Australians can now buy Bitcoin, Ethereum, and dozens of other cryptocurrencies in seconds using PayID a fast, secure, and real-time local bank transfer option.
MyBTCX.com, the global cryptocurrency platform designed for a fast, non-custodial, and user-friendly trading experience, has officially added PayID to its list of supported payment methods. This move gives Australians an instant and secure way to purchase Bitcoin (BTC), Ethereum (ETH), and dozens of other leading cryptocurrencies directly from trusted local bank accounts – without the friction of traditional transfers.
Buy Bitcoin and other cryptocurrency worldwide with credit card, debit card and more. MyBTCX.com gives you instant access using Visa and Mastercard, Apple Pay, Google Pay, PayID, SEPA, PIX, and more.”
— Duane
Read More on Fintech : Global Fintech Interview with Kevin Wall, Chief Financial Officer at Stax
What is PayID?
PayID is part of Australia’s New Payments Platform (NPP) – a modernized bank transfer system that links a simple identifier (such as an email address, phone number, or business name) to a bank account. Instead of entering lengthy BSB and account numbers, users can complete transfers in seconds using their PayID credentials. With support from over 100 financial institutions, PayID is rapidly becoming Australia’s go-to method for secure, real-time payments.
Why PayID is Perfect for Buying Crypto
Speed is critical in the volatile cryptocurrency market, and PayID delivers. Transactions typically settle in real time, allowing MyBTCX.com users to capture market opportunities instantly. The platform’s integration of PayID means fewer errors, faster confirmations, and a simplified funding experience — whether investing $50 or thousands of Australian dollars.
Security is also a priority. PayID transactions include name verification and most participating banks offer a confirmation-of-payee feature. This ensures that the user always knows exactly where their money is going before completing a transaction, reducing the risk of fraud or mistaken transfers.
How to Buy Bitcoin, Ether & More Using PayID in Australia on MyBTCX.com
1. Create an Account — Visit MyBTCX.com, sign up, and complete identity verification (required under Australian KYC/AML laws).
2. Select a Cryptocurrency — Choose BTC, ETH, or from dozens of other supported crypto assets such as Tether (USDT), Solana (SOL), Cardano (ADA), XRP, Dogecoin (DOGE), and more.
3. Choose PayID as thePayment Method — Enter the purchase amount in AUD and provide a valid destination wallet address (scan a QR code or enter manually).
4. Complete the Transfer — Use the bank’s app to initiate a PayID payment using the details provided on MyBTCX.com. Confirm, tap the “I have made the transfer” button, and the crypto will be credited in moments.
More Than Just Bitcoin and Ethereum
While PayID makes buying Bitcoin and Ethereum seamless, MyBTCX.com supports a broad portfolio of digital assets. From stablecoins like USD Coin (USDC) and Tether (USDT) to altcoins such as Binance Coin (BNB), Litecoin (LTC), and Solana (SOL), Australians have the flexibility to diversify their portfolios instantly.
A Global Platform with Local Payment Support
Although PayID is specific to Australia, MyBTCX.com’s reach is global. International users with access to Australian bank accounts or AUD-denominated funds can also take advantage of PayID for their crypto purchases. Combined with MyBTCX.com’s other localised payment methods — including Visa and Mastercard credit cards, Google Pay, Apple Pay, SEPA, Khipu, Faster Payments, and PIX — the platform caters to a truly global crypto community.
Catch more Fintech Insights : The Impact of Open Banking on Cross-Carrier Data Sharing in Insurance
[To share your insights with us, please write to psen@itechseries.com ]
