Crypto prepaid card Australia guide: AUD cards compared

Australia has one of the more crowded markets for a crypto prepaid card. Local exchange CoinJar issues its own prepaid Mastercard, Crypto.com runs its card through an Australian licence holder, and global exchanges Bybit and KuCoin have both launched cards aimed at Australian residents. The rules are changing too. AUSTRAC rewrote its anti-money-laundering regime in March 2026, and a new law will bring crypto platforms under ASIC licensing from April 2027. This guide sets out who issues each card, what it costs in Australian dollars, and how the ATO treats a purchase paid for with crypto.

As on every country page, we keep four things apart. An official rule is a law or ATO guidance. A regulator position is what AUSTRAC or ASIC has published about how it will apply the law. A provider rule comes from a card company’s own terms. Market practice comes from press reports and reviewers. Where something rests only on market reports, we say so.

Crypto cards available to Australians

Crypto.com Visa (AU). Crypto.com’s Australian page says the card is issued by Foris GFS Australia Pty Ltd, which holds AFSL 467462, under a Visa Worldwide principal licence. It is a true prepaid card: you top up a separate balance before spending, and crypto is converted when you load it. The free Midnight Blue tier includes A$200 a month of free ATM withdrawals, rising to A$1,000 on the top tiers, with a monthly ATM cap of A$10,000 and a top-up limit of A$30,000 a month. Paid tiers cost A$6.99 or A$49.99 a month, or a 12-month CRO stake starting at A$700. Our Crypto.com Card review has the full tier breakdown.

CoinJar Card. CoinJar describes its card as a prepaid Mastercard issued by EML Payment Solutions. You choose which crypto account it spends from, and the coins are converted to AUD at purchase. CoinJar charges a 1% purchase fee but returns it as rewards points. Foreign-currency purchases cost 2.99% or more and ATM withdrawals 1%. Apple Pay and Google Pay are supported.

Bybit Card. Bybit’s card FAQ lists Australia as a market where its card is a Mastercard drawing on your Bybit Funding Account. Bybit groups it with its credit-style cards, though the card has no balance of its own and spends what you already hold. Australians pay US$29.99 for a physical card, a 2% FX fee and a 0.9% crypto conversion fee. ATM withdrawals cost 2% after a free US$100 a month. Australian limits are generous: US$50,000 a day and US$150,000 a month. Apple Pay, Google Pay and, in Australia only, Samsung Pay are supported. See our Bybit Card review.

KuCoin KuCard. KuCoin launched the KuCard on Mastercard in Australia with Immersve, a Mastercard principal member. Immersve Pty Ltd (AFSL 545925) issues the card. It spends USDC, converted to fiat at checkout, and supports Apple Pay and Google Pay. KuCoin has not published a fee table we could confirm, so read our KuCard review before you commit.

Some other cards reach Australia with less certainty. The Bitget Wallet Card lists Australia among its markets, with physical cards available. RedotPay does not include Australia on its unsupported-country list. Wirex is reported to serve Australia through a processing partnership, and KAST is reported to accept Australians, but we could not confirm either on the official sites. The MetaMask Card does not list Australia. Claims of a Binance card for Australians conflict, and we found no card from Swyftx. For a global view of stablecoin options, see the stablecoin cards hub.

Fees side by side

The four main cards price things very differently, so a direct comparison helps. The grid uses each provider’s published Australian figures. Where a provider does not publish a number, we say so rather than fill the gap with a figure from a reseller or review site.

Here is a worked example. Spend A$3,000 on a trip to Bali. On CoinJar the 2.99% FX fee adds at least A$89.70. On Bybit the 2% FX fee adds A$60, plus 0.9% conversion on the crypto sold, which is another A$27. Over a year of travel those amounts add up. If you mostly spend at home in AUD, the FX line matters far less than the conversion cost and any plan fee. Our fees calculator lets you run your own numbers, and the ATM guide compares cash allowances.

PayID and AUD funding

Most Australians move money into a crypto app through PayID, the alias layer on top of the Osko instant payment system. Market reports say CoinJar takes deposits this way, and the on-ramp Banxa lists PayID among its supported bank methods. Once dollars are in your exchange account, you buy crypto, and only then load or spend it through the card.

Crypto.com also lets Australians top up the card directly with another card. Its help centre lists a 1% fee for debit cards and 2% for credit cards or Apple Pay. On a A$1,000 load, that is A$10 by debit card or A$20 by credit card, which is why a bank transfer into the app usually works out cheaper. Our guide on loading a crypto prepaid card compares the main rails.

AUSTRAC registration and the new licensing law

AUSTRAC (official rule). Australia’s anti-money-laundering reforms took effect for crypto on 31 March 2026. Businesses previously called digital currency exchanges are now virtual asset service providers, or VASPs. Regulated services now include crypto-to-crypto exchange, transfers of value and safekeeping, not just swaps between crypto and dollars. A provider must be registered before it offers these services. Existing exchange registrants did not have to re-register, while new services had enrolment deadlines of 28 April 2026, or 29 July 2026 for some transitional cases. AUSTRAC’s transitional rules deferred travel-rule obligations for some providers to 1 July 2026.

ASIC (official rule, not yet in force). The Corporations Amendment (Digital Assets Framework) Bill 2025 passed both Houses on 1 April 2026 and received Royal Assent on 8 April 2026. It creates two new kinds of financial product, digital asset platforms and tokenised custody platforms. Operators will need an Australian financial services licence from 9 April 2027. ASIC has published a roadmap for how it will implement the law, which is its regulator position on timing and guidance.

What does this mean for card users? The card itself is usually issued by a separately licensed company, such as EML, Immersve or Foris GFS Australia. The conversion of your crypto into dollars is the exchange’s regulated service. From April 2027, the platform holding your coins will need an AFSL as well as AUSTRAC registration. Until then, check that your exchange appears on AUSTRAC’s register.

1. 31 Mar 2026
   AUSTRAC reforms start

   Exchanges become VASPs; more crypto services are regulated.

2. 8 Apr 2026
   Digital Assets Framework assent

   Royal Assent for the platform licensing law.

3. 28 Apr 2026
   Enrolment deadline

   For newly regulated services; 29 Jul 2026 for some transitional cases.

4. 1 Jul 2026
   Deferred travel-rule duties

   Apply to some providers from this date.

5. 9 Apr 2027
   AFSL needed for platforms

   Digital asset and tokenised custody platforms come under ASIC.

ATO tax rules and the personal use asset test

The ATO treats a crypto card purchase as a CGT event. When you use crypto to buy goods or services, you dispose of it, and you work out a capital gain or loss in AUD. On a spend-from-balance card like CoinJar or Bybit, each purchase is a disposal. On a prepaid card like Crypto.com, the disposal happens when you load crypto onto the card balance.

Australia has one exception that other countries do not. A capital gain is disregarded if the crypto is a personal use asset acquired for less than A$10,000. The ATO says personal use means the crypto is kept or used mainly to buy items for personal use or consumption. Its guidance points to timing. Crypto bought and used within a short period to buy such items is more likely to qualify. Crypto held for some time first, or where you spend only a small part of a holding, is less likely to. Using investment returns to buy things does not turn an investment into a personal use asset. And capital losses on personal use assets are disregarded.

That checklist is our reading of the ATO guidance, not ATO wording, and the ATO decides each case on its facts. A practical example: you buy A$400 of USDC on Monday to cover holiday spending on a Bybit card that week. That looks like the pattern the ATO describes. Spending a slice of bitcoin you have held for two years is the opposite case, and the gain is taxable. Never assume card spending is tax-free in Australia.

Staking rewards are ordinary income at their AUD market value when you receive them, and that value becomes their cost base. Airdrops are income if you received them for goods or services or as part of a business; otherwise they are generally not income when received. We found no ATO statement on crypto cashback from card spending, so record the AUD value of each reward when it arrives. Our tax guide compares the ATO approach with the IRS, CRA and HMRC.

Local tips for Australian cardholders

Check the issuer, not just the brand. Every confirmed card here names a licensed issuer: EML for CoinJar, Immersve for KuCard, Foris GFS Australia for Crypto.com. If a card marketed to Australians names no issuer at all, treat it with caution. Our safety guide explains why issuer exits are the biggest risk in this market.

Mind the currency of your fees. Bybit prices its Australian physical card and ATM allowance in US dollars, so the AUD cost moves with the exchange rate. Crypto.com and CoinJar price in AUD.

Keep an eye on 2027. When ASIC licensing begins on 9 April 2027, some platforms may change their products or leave. Our news page logs card launches and exits. If you also spend in New Zealand, read the New Zealand guide, since Crypto.com’s Australian-issued card also serves New Zealand residents. All other markets are on the countries map.

Frequently asked questions

Sources and official pages

1. Crypto.com — Australia card page (Foris GFS Australia, AFSL 467462)
2. CoinJar — CoinJar Card (prepaid Mastercard issued by EML)
3. Bybit Help — Bybit Card fees and spending limits
4. AUSTRAC — About the AML/CTF reforms
5. Parliament of Australia — Corporations Amendment (Digital Assets Framework) Bill 2025
6. ASIC — Roadmap for digital assets law reform implementation
7. ATO — Crypto asset as a personal use asset
8. ATO — Staking rewards and airdrops

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