Where in Sydney Can I Pay in Bitcoin? Complete Guide
A growing number of people are looking to pay for goods and services using Bitcoin, especially in Sydney where crypto adoption is very high.
While this used to be next to impossible, there are now many businesses that accept BTC payments in Sydney! There are also ways to pay with digital assets at any store in Sydney, regardless of whether the store has integrated crypto payments.
Let’s take a look at how to pay with Bitcoin in Sydney and a list of 21 Sydney businesses that accept BTC.
Contents
Potential Downsides of Paying in Bitcoin
Eateries and Cafes That Accept BTC in Sydney
Health and Beauty Outlets That Accept BTC in Sydney
Services That Accept BTC in Sydney
How to Pay in Bitcoin in Sydney With Your Wallet
How to Pay Everywhere With Digital Assets
Why Pay in Bitcoin?
There are many benefits to paying in Bitcoin as a BTC holder in Sydney.
Privacy and Anonymity
Bitcoin offers a higher level of privacy compared to traditional payment methods. While transactions are recorded on the blockchain, personal information is not required, providing a level of anonymity appealing to many users. Technically, Bitcoin wallets are said to be pseudonymous as you can sign up without using your name, address, or other identifying details.
This pseudonymity ensures that while transactions are visible, the identity behind the transactions remains concealed. Furthermore, this privacy feature reduces the risk of identity theft and fraud, offering an additional layer of security for users concerned about their personal information being exposed.
Lower Transaction Fees
Compared to traditional payment methods, Bitcoin transactions typically have lower fees. This is especially beneficial for international transactions, where fees can be significantly higher using conventional financial systems, but can come in handy when buying locally as well. It’s worth noting that during times of high congestion, BTC fees can actually become highly expensive, and that users need to be careful and check fees when sending a transaction.
However, this is not an issue when sending BTC through a layer-2 protocol like the Lightning Network which handles cheap, instant BTC transfers.
Cash Out Profits Quickly and Cheaply
A clear benefit of paying directly in Bitcoin for goods and services is that it’s a very straightforward and cost-effective way to cash out of Bitcoin. If you’re in profit, it can be nice to treat yourself to something with the fruits of your labour! Regardless of the situation, cashing out by spending Bitcoin eliminates the need for selling BTC on an exchange and then waiting while funds are transferred to your bank account, as well as all the fees that come with the process.
Potential Downsides of Paying in Bitcoin
It’s best to be aware of any potential downsides of paying in Bitcoin before you move forward.
Volatility
Bitcoin is, of course, highly volatile. This can come with its ups and downs (if you’ll pardon the pun!). When paying in Bitcoin, it’s always a good idea to make sure that the value of your funds hasn’t dropped recently. If BTC has experienced a price correction before you’re trying to buy and you’re not aware of it, you might not be getting as good of a deal on your purchase as you thought. This issue is easily remedied by checking the price before making a purchase.
Limited Acceptance
Despite growing adoption, Bitcoin is still not universally accepted. However, that’s not such an issue when you have a list of businesses that do accept BTC in your area, like this one! You can also spend digital assets directly with a payment card, which we’ll explore further down below.
Transaction Speed
Bitcoin transactions on the mainnet can sometimes take longer to confirm compared to traditional payment methods, especially if network congestion is high or low transaction fees are used. Sometimes businesses will accept your payment as soon as it’s made, and you can also use the Lightning Network to make rapid BTC payments with fast transactions.
Learning Curve
For those unfamiliar with cryptocurrencies, there can be a steep learning curve associated with using Bitcoin. Don’t worry — we’ll explain the process in the next section in case you’re not familiar, and then move right on to the list of places where you can pay with Bitcoin in Sydney.
Eateries and Cafes That Accept BTC in Sydney
- Since I Left You is a bar and restaurant with live music located on Kent Street.
- Blackstar Pastry and Cafe is famous for its Strawberry Watermelon Cake, located in Rosebery.
- The Cellar By Bouche is a wine bar and restaurant in the CBD.
- The Owl House is a cafe and restaurant in Darlinghurst.
- Lezzet Grill and Pide House – Serving Turkish cuisine in Surry Hills.
- The SG – A cocktail bar in Sydney’s CBD.
- Peak Coffee is a wholesale coffee company that sells coffee to businesses and cafes. They are located in Port Macquarie.
- Cellini’s Bar Restaurant is a bar and restaurant on St. George’s street in Sydney.
Health and Beauty Outlets That Accept BTC in Sydney
- Quality Dental – Located in North Sydney, specializing in cosmetic dentistry.
- Tamworth Heart Clinic – A cardiology practice in Tamworth.
- Lugarno Pharmacy – Accepts cryptocurrencies for vitamins, medications, and cosmetics.
- Babylikestopony – A women’s fashion boutique that takes crypto payments.
Other Services That Accept BTC in Sydney
- Jam’s Karaoke Bar – A karaoke bar in Sydney where you can pay with Bitcoin and Ethereum.
- Big4 Tweed Billabong Holiday Park is a holiday park where you can enjoy accommodation, waterslides, and a weekend away paid for in Bitcoin, Litecoin, or BNB.
- Forsyth Real Estate – Accepts crypto for advertising costs and home deposits.
- Launtel – An NBN internet service provider that accepts Bitcoin for internet plans.
- The Old Fitzroy Hotel is a restaurant, bar and hotel that serves clients in the Woolloomooloo suburb of Sydney.
- Brightscapes is a Sydney landscaping business that accepts crypto payments in exchange for landscaping services.
- Spawn Point Bar is a video game arcare and bar for gamers in Syndey.
- Metropolian Hotel Sydney hosts one of the oldest pubs in the city. And it takes Bitcoin!
How to Pay in Bitcoin in Sydney With Your Wallet
To pay with Bitcoin in Sydney, there are a few options available. Businesses that accept BTC will typically have a QR code that you can scan with your BTC wallet.
Here’s how it looks on Trust Wallet. Open the wallet, select your Bitcoin wallet, and select the option that says Send.
You’ll see the following screen.
On the top right corner, you’ll see the icon for the QR code scanner. We’ve highlighted the icon with a red box in this image.
Simply tap the image and scan the QR code with your wallet. From there, enter the amount you need to pay and confirm the transaction!
Some businesses may have an automatically generated QR code that inputs the correct amount for you, so it’s simply a case of hitting Send in your BTC wallet, scanning the code, and sending the funds. BTC wallets will typically have a similar layout when sending funds.
Alternatively, you can copy/paste a BTC address into your wallet when sending.
How to Pay at Any Business With Digital Assets
There’s actually an even faster way to cash your BTC out and spend digital assets in Sydney, or indeed, anywhere in the world, and that’s with the Grineo Card.
The Grineo Card is a stablecoin card that connects to the wallet in your Grineo app. You can store and exchange BTC, ETH, USDT, and USDC in the app, and the card allows you to spend USDT and USDT or withdraw these stablecoins as cash from any ATM that supports Visa!
So, to pay in Syndey with the Grineo Card, you could simply swap your BTC for USDT at real market rates and then tap your card to instantly pay for whatever you like.
Interested?
Check out the Grineo Card here, and happy shopping!
