Living Room of Satoshi review

We take a closer look at the Australian platform that lets you pay bills with bitcoin and other cryptocurrencies.

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If you’re looking for ways you can utilise cryptocurrency in everyday life, you might want to consider using a service like Living Room of Satoshi (LRoS). This Australian platform lets you pay everyday Australian bills, including everything from electricity to your credit card bill, using a range of popular digital currencies.

To help you decide whether you should use Living Room of Satoshi to pay your bills, we’ve compiled this review of the platform’s features, fees and supported currencies.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

How does Living Room of Satoshi work?

Launched in 2014, Living Room of Satoshi is an Australian company that lets you pay bills with cryptocurrency. Based in Brisbane, Living Room of Satoshi allows users to pay any Australian bill using the following digital coins and tokens:

  • Bitcoin (including Lightning Network transactions)
  • Ether
  • Litecoin
  • Dash
  • Ripple
  • Bitcoin Cash
  • Monero
  • Binance Coin
  • BSV
  • Stellar
  • Power Ledger
  • Travala
  • BUSD
  • GUSD
  • NEM
  • Zcash
  • PIVX
  • Dogecoin
  • Dai
  • Decred
  • EOS
  • OmiseGo
  • PIVX
  • Tether USD
  • Verge
  • TrueUSD
  • USDC
To pay a bill with Living Room of Satoshi, you’ll need to follow a few simple steps:

Quick guide: How to use Living Room of Satoshi

  1. Choose the cryptocurrency you want to use to pay your bill.
  2. Select whether you’re paying a BPAY bill or paying to a credit card or bank account.
  3. Enter your payment details, including the amount you’re sending and either the BPAY Biller Code and reference number or the account number and BSB of the bank account to which you’re transferring funds.
  4. Enter your email address and verify your details.
  5. Submit your payment.
  6. Living Room of Satoshi converts your crypto into Australian dollars (AUD) and pays your bill.

What can you use it for?

You can use Living Room of Satoshi to pay any Australian bill that lists either of the following payment options:

  • BPAY
  • Transfer to an Australian bank account

This means you can use the service to pay for a wide range of goods and services, including the following:

  • Electricity bills
  • Gas bills
  • Credit card bills
  • Phone bills
  • Internet bills
  • Car rego
  • Insurance premiums
  • Rent
  • Council rates

Living Room of Satoshi even shares data about the type of bills users pay on its platform and the top 100 billers. This information is well worth a look if you want more details about exactly what people use this payment gateway for.

Rewards program

Living Room of Satoshi also runs a rewards program to encourage return customers. For every dollar you spend on bills and payments, you receive one point. You can then redeem these points for cash or products across the following categories:

  • Home and garden
  • Fashion and accessories
  • Technology
  • Health and lifestyle
  • Cash rewards

For example, to get $100 cash deposited into your bank account, you’d need to earn 20,000 points.

Rates and fees

Living Room of Satoshi does not charge any fees for using its service. However, the exchange rate you’re quoted effectively includes the fees since Living Room of Satoshi makes money on the currency spread, which is the difference between the price at which LRoS buys and sells currency. The platform’s exchange rates are quoted at the point of payment.

To find out exactly how much paying bills via the platform will cost you, compare the exchange rate you’re quoted when entering payment details with the current market rate for the crypto you’re using, such as BTC/AUD.

Working out how much Living Room of Satoshi costs

Estimating fees included in the spread

When you pay a bill via Living Room of Satoshi, you're only shown one final sum that includes all fees. However, it is possible to roughly estimate the platform's fees by comparing this sum to the current market price of whatever crypto you’re using to pay your bill.

For example, at the time of writing (6 August 2019), the price of bitcoin is AUD$17,300. But if the user enters that they wish to send AUD$17,700 through Living Room of Satoshi, the platform calculates that they will need to pay 1.06 BTC. As such, the additional cost of using LRoS is approximately 6%.

Other than comparing current rates to the final sum shown at the point of payment, you can also compare the current market price of the crypto you want to use with the prices that LRoS feeds into its calculator.

It's important to understand that while this could help you determine the cost of using LRoS, the calculations are approximate.

Transfer times and limits

BPAY and Bank Transfers each have a maximum limit of $250,000 per transaction, while there is a total daily transaction limit of $500,000.

In terms of transaction times, the amount of time it takes for your digital coins to be sent to Living Room of Satoshi varies depending on the cryptocurrency used. If your funds are received before 5pm (or 3pm for bank transfers) on a bank business day, the biller will acknowledge the payment as having been made that day. The funds may not be available in the biller's account for up to 2 days, however.

Where can you use this platform?

Living Room of Satoshi allows Australian users to pay Australian or overseas bills.

Security and privacy

In line with the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017, it’s a legal requirement for digital currency exchanges to verify the identity of their customers. Living Room of Satoshi verifies users with the help of third-party ID service Vix Verify.

This process usually takes a couple of minutes, and you’ll need to provide the following information:

  • Your full name
  • Your residential address
  • Your date of birth
  • Details from at least two forms of ID, for example your driver’s licence and passport

Living Room of Satoshi claims to have helped its customers pay more than 175,000 bills since 2014. The website has been around for a relatively long time (in crypto terms) and a quick search of online forums reveals that it has a reputation as a straightforward and reliable platform.

Pros and cons


  • Quick and easy to use
  • Pay a huge variety of bills
  • Provides an everyday, real-world use for your cryptocurrency
  • Supports Bitcoin and many popular altcoins
  • Rewards program


  • The spread will significantly increase the cost of paying your bill
  • You’ll need to check the exchange rate you’re quoted to find out exactly how much paying bills via Living Room of Satoshi will cost you

How to get started with Living Room of Satoshi

If you’ve compared Living Room of Satoshi with other cryptocurrency bill payment services and decided it’s right for you, visit its website to get started. You’ll need to enter your bill details, verify your email address and then complete the ID verification process before you can submit a payment.

Compare alternative ways to pay your bills with crypto

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Treat your cryptocurrency like cash with no deposit or withdrawal fees thanks to RelayPay.
Paid by Coins Cryptocurrency Bill Payment Platform
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Choose from major cryptocurrencies to pay any BPAY bill or Australian bank account or credit card.

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Want to find out more about crypto bill payment sevices? Check out our comprehensive guide.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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