Skip to main content

How to Set Up a Crypto Wallet in Australia to Buy Online (2026 Beginner's Guide)

Buying online with cryptocurrency is easier than most people think. This guide covers the two main ways Australians can get set up (Exodus wallet for the fastest start, or an exchange for the best rates) plus how to pay with Monero when most exchanges have delisted it.

By Marcus Holt6 min readUpdated 3 April 2026

Why Pay with Crypto?

Crypto payments offer privacy, no chargebacks, and no bank involvement. At OzPeps, we accept Bitcoin (BTC), Litecoin (LTC), and Monero (XMR), all processed through our self-hosted payment system. This guide covers how to get set up from scratch, whichever option suits you best.

Option 2: Crypto Exchange + Exodus Wallet (Best Value)

Using a dedicated Australian exchange like CoinSpot or Swyftx gives you the best AUD-to-crypto rates. You then transfer your crypto into Exodus before making a payment. This extra step is important, you should never send directly from an exchange to a merchant. Exchanges can delay or flag outgoing transactions, and if anything goes wrong with the payment you have very little recourse.

Steps

  1. Create an account on CoinSpot (coinspot.com.au) or Swyftx (swyftx.com)
  2. Complete ID verification, Australian exchanges are AUSTRAC-regulated, so this is mandatory (driver's licence or passport, usually 10–30 minutes)
  3. Deposit AUD via bank transfer or PayID
  4. Buy your preferred crypto (BTC or LTC)
  5. Set up Exodus wallet if you haven't already (see Option 1 steps 1–2)
  6. Withdraw from the exchange to your Exodus wallet address
  7. Once it arrives in Exodus, send from Exodus to OzPeps at checkout
Pros Cons
Best rates, lower fees than built-in wallet providersMore steps to set up initially
Good for repeat purchasesAccount verification can take 10–30 minutes
Better liquidity for larger amountsRequires managing two apps (exchange + Exodus)

Best for: Repeat customers or anyone comfortable with a few extra steps who wants the best long-term value.

Which Should You Choose?

Exodus Only Exchange + Exodus
Setup time~10 minutes30–60 minutes
FeesSlightly higherLower
StepsFewerMore
Best forFirst purchaseRegular use

Want to Pay with Monero (XMR)?

Monero offers the strongest on-chain privacy of any cryptocurrency, which is why we accept it at OzPeps. Due to its privacy features, most Australian exchanges have delisted XMR, acquiring it typically requires swapping from another coin using a non-custodial exchange service.

If you're already familiar with this process, you'll know what to do. If not, we recommend sticking with BTC or LTC, both are straightforward to buy on any major Australian exchange.

Paying at OzPeps

Once you have crypto in Exodus, checkout is straightforward, select your preferred currency (BTC, LTC, or XMR), copy the payment address shown, send the exact amount from Exodus, and your order is confirmed automatically once the transaction is detected. No account needed.

We accept crypto payments via our self-hosted BTCPay Server, your payment goes directly to our wallet with no third-party processor involved.

Questions about payment? See our FAQ →

IMPORTANT NOTICE: All products sold on this site are intended for research purposes only and are NOT FOR HUMAN CONSUMPTION. Products are sold as research chemicals and should only be handled by qualified researchers in appropriate laboratory settings. By purchasing, you acknowledge that you are a qualified professional and understand the restrictions on use.