How to Buy Crypto with a Credit Card in Australia


Tutorial by Marcus P

Quick Summary: Looking for alternate ways to deposit into your Crypto accounts? in the tutorial below we show you how to buy Crypto with a credit card in Australia.

Following the simple steps below we show you the best exchange to sign up for, and exactly how to deposit using your credit card.

Ready? Let’s begin….

What trading account do we

There are a number of excellent exchanges Australians can sign up to trade Crypto, our favourite exchange is Swyftx.

A high number of Aussies are using this exchange and taking advantage of the ease of use, low trading fees and high security.

If you sign up today Swyftx is running a promotion where you get $20 BTC FREE just for creating an account.

How to buy crypto with a credit card using Swyftx

Before I show you how easy it is to buy Crypto using a credit card let us take a closer look at the Swyftx platform and what it has to offer.

The Swyftx headquarters is based right here in Brisbane, Queensland Australia and is open to both New Zealand and Australian residents.

They have so far attracted over 550,000 Australian and New Zealanders to their platform, this number is growing rapidly daily.

The first thing you will notice is how simple Swyftx make everything. From creating an account to depositing funds and finally making your first trade it’s so easy and stress-free.

You also have over 310 assets to choose to trade from, and trading fees are one of the lowest in the industry. Also, Swyftx is regulated and fully licensed by AUSTRAC (Australian Transaction Reports and Analysis Centre).

You can rest assured that you are trading within a safe, regulated fully compliant platform.

You have multiple deposit options for your AUD, including bank transfer, POLi, PayID and the method we are discussing today via credit card.

My favourite feature is the demo account, you won’t find this on any of the other Australian exchanges. If you are not comfortable trading with real money to start with simply create a demo account.

You can then build up the required experience you need before trading for real.

You can also trade on the move with Swyftx’s excellent mobile app which is available on both iOS and Android.

I nearly forgot to mention, that Swyftx is currently running an excellent promotion you get FREE $20 BTC just for creating an account.

Ok so now let’s follow the steps below to set our account up.

Step 1: let’s Set Your Account Up

Ok so, first of all, we need to create our account at Swyftx so let’s click here to create it.

As I mentioned previously you will receive $20 BTC FREE for creating your first account but please take notice of the following.

Very Important: Before you start adding your details, under the create account please make sure it says referral code applied coincryption and under that promotion cryption20 applied.

Then you will receive your $20 BTC in your account, any problems please do not hesitate to contact their excellent customer support.

Next just enter your name, country of residence and phone number. Then read the terms and conditions if you agree click that you do verify you are not a robot and simply click create an account.

That’s the first step congratulations you have a Swyftx account.

Let’s move on to step 2 account verification.

Create Swyftx Account Page
Swyftx create an account screenshot

Step 2: How To Verify Your Swyftx Account

Ok so now we will go ahead and get our account verified. Just go to the dashboard on the left-hand side and click on profile a drop-down will appear click on verification.

You will already have verified your email which will appear in green with a tick. Next, we just verify our phone number so just click on verify you will have a 6 figure code sent to your mobile just enter it in the box and again click verify.

Once again go to profile and click on verification, scroll to identity and click verify. Follow the instructions and enter your information, for ID you can use a passport, driver’s license, visa grant or medicare card.

After completing the above you should have successfully verified your identity and should have access to all areas within Swyftx.

Now head down to step 3 and deposit our first AUD amount using our credit card.

Step 3: How To Deposit AUD Using a Credit Card

Credit card deposits require enhanced verification levels known as KYC (know your customer) which is separate from your initial account creation verification process. Swyftx uses Banxa a trusted third party to process credit card transactions.

So again just go to your dashboard on the left-hand side scroll down to the deposit tab and click on that. You will then see the deposit methods displayed scroll down to the credit card option and select that.

Please remember to read the important deposit information field as it may contain information on fees and limits when using a credit card.

You will get a pop up from Banxa which is Swyftx credit card provider you will have to follow the initial verification steps and personal details please note this is separate from your initial Swyftx verification process.

After you have pressed confirm you can enter the AUD amount you wish to deposit, make sure it is more than the minimum $30 and less than the maximum $30,000 then click on start deposit.

The next step is to verify the deposit amount just follow the steps to have a pin code sent to your phone which you will then enter and verify.

First-time deposits via credit card will require KYC data just follow the instructions and complete the extra verification steps laid out by Banxa.

You should now have a good idea how to buy Crypto with a credit card in Australia.

If you have any problems during the credit card deposit just contact Swyftx’s excellent customer support.

Swyftx AUD Deposit Page
Screenshot of the Swyftx deposit page

Step 4: How To Buy Your Crypto

You should be showing a balance in your account you can now buy your first Crypto.

Ok in this example we will go ahead and buy some XRP using our balance that was deposited via credit card.

So again we go to the left-hand side of our dashboard then simply click on the trade tab and scroll down to the buy tab.

Where it says search assets we type in XRP. then choose market and type in how much AUD we want to invest.

In this example, I will invest $100 AUD which converts to 133 XRP after fees, then we simply click on instant buy.

Congratulations you have just bought your first Crypto.

Swyftx trade page screenshot
Screenshot of the swyftx buy page

That’s all there is to it you now own 133 XRP.

What Is Cryptocurrency?

Cryptocurrency is a digital currency that uses cryptography to secure transactions and control the creation of new units. Unlike real-world currencies, cryptocurrencies are not controlled by any central authority or bank – in fact, they’re decentralized.

This makes them immune to government interference and manipulation. In order for cryptocurrency transactions to be validated, they are recorded on a digital ledger called the blockchain.

Bitcoin is the first and most known cryptocurrency, having been released in 2009 by an anonymous person using the alias Satoshi Nakamoto. It is a decentralized system, meaning there is no single point of failure or control.

Check here for the 50 most popular Crypto

Is Crypto a Good Investment?

Of course, Crypto can be a good investment but like any other asset class such as shares, property, bonds etc you have to use your due diligence and perform your own research.

If you plan to invest a lot of money then you should without a doubt consult the services of an expert. There are many risks and benefits involved when investing in Crypto and also an element of luck.

For example, if you had decided to invest $100 in Bitcoin back in 2010 you would own 1000 Bitcoin. Those Bitcoin would now be worth over $30 million USD which is insane right.

It’s not just Bitcoin, people are investing and making big money all the time you may have missed the boat with Bitcoin but there are plenty of other opportunities.


  • Highly secure
  • Trades around the clock
  • Potential to make large sums quickly
  • Self-managed
  • A great alternative to traditional currencies


  • Can be a high risk
  • Steep learning curve
  • Easy to be scammed
  • Extremely volatile

Other Australian Exchanges To Buy Crypto

I cannot think of any reason why you wouldn’t sign up for Swyftx but if you really think the exchange is not for you there are other options we have reviewed below.

Other popular Australian exchanges you can try are CoinSpot and Binance. You can read our full CoinSpot review here, and Binance review here.

For a total list of Australian exchanges, we have reviewed go here top Australian exchanges and we have written a full comprehensive review of Swyftx here.

Final Conclusion

Trading in Crypto can be a fun profitable venture but you should never trade more than you are prepared to lose as it then becomes akin to gambling.

But if you are clever and savvy about it, you can make a ton of money with Crypto trading.

There are a few different Crypto trading strategies one can utilise, popular ones include day trading, range trading, and buying the dips.

Personally, I watch the market and wait for dips in popular Crypto buy it then hold for the long term. Sometimes I will decide that I want to hold for the long term other times I will sell at a profit and buy back in.

So my advice will be to start with a small budget, be sure to research the market, choose a trading strategy and stick to your plan.

I like to look for trending coins and ones that are in ICO (initial coin offering), then I will look on Youtube, Twitter, and related Facebook groups and see what experts are predicting for this coin in the future.

They are my Holdl’s for the long term, but I have bought into the dips and sold quick. For example, I bought into Bitcoin when it crashed, then I watched it rise back up and sold my holding for a nice profit.

I think I need to write a whole post on this subject, so be sure to bookmark us and come back later.

I hope you now know how to buy Crypto with a credit card in Australia. Don’t forget to create your account at Swyftx below and get your $20 BTC trading bonus completely free.

Disclaimer: This article is intended to be used and must be used for informational purposes only. It's important to understand that digital assets are risky, you should always do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.