Review: Living Room of Satoshi

Pay your domestic bills in crypto

  • Good for paying your bills in crypto
  • Bad for doing anything else – but that’s not really their fault

No supported

Fiat currencies



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Product Name Living Room of Satoshi Bill Payment Service
Deposit Methods Cryptocurrency
Trading Fee ~6% spread applies to transaction amount
Deposit Fees Not applicable
Withdrawal Fees Not applicable
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.

What fiat and cryptocurrencies are supported?

  • Supported fiat currencies:
  • Supported cryptocurrencies: Approximately 14 cryptocurrencies

Which payment methods are accepted?

  • Cryptocurrency

What's it like to use Living Room of Satoshi?

Fees and limits


Given that Living Room of Satoshi is not a trading platform, there are no trading fees, and given it's not a wallet, there are no deposit or withdrawal fees.

Technically, there aren't even fees for paying your bills – these are instead reflected in the prices they quote for the various cryptocurrencies you can use, where they add a premium on top. This is done both for paying bills and cashing out your crypto holdings elsewhere into a traditional bank account.

To find out what you'll be paying, you need to look at the current conversion rates on offer by going here. Living Room of Satoshi doesn't make its pricing totally clear so you'll need to do a little maths.

For example, at the time of writing (11 June 2021), Bitcoin is at AUD$48,563.

Living Room of Satoshi quotes a price of $46,151.

Yes, it's a lower figure, but as with any currency conversion, it can feel a little counterintuitive. Long story short: you'll be paying about 5% (4.967% to be exact) extra on this transaction to meet the equivalent value. This can fluctuate over time – the last time Finder reviewed Living Room of Satoshi, the fee was closer to 6%.

This is not a negligible premium for any transaction, so you'll have to decide if the convenience of paying in crypto makes it worth your while.


As for limitations, BPAY and bank transfers are limited to a maximum of $500,000 per transaction – in high liquidity coins.

The big spenders out there should note that there is a daily limit of $10,000,000.

This is perhaps the place to run through settlement times, as these can be important when it comes to domestic bills. When you make a payment, you'll receive a confirmation message from Living Room of Satoshi within a few seconds.

Your payment is formally processed on the same business day that the Bitcoin transaction is settled, provided Living Room of Satoshi receives your payment before 5pm Brisbane time.

However, it can take up to 2 business days for your biller to receive the funds.

Fees for buying $1,000 of Bitcoin

You can't buy Bitcoin directly through Living Room of Satoshi, but you can through its sibling service Wallet of Satoshi.

This stripped-down wallet allows you to pay invoices across the Lightning network, or send BTC directly to an on-chain Bitcoin address.

As far as Finder can work out, there is no charge for buying Bitcoin directly – but a fixed fee of 29,000 satoshis (0.00029 BTC) on all on-chain transactions.

However, Lightning payments are far cheaper.

Bitcoin Mining Pool Pie Graph

How do I create an account at Living Room of Satoshi?

Creating an account with Living Room of Satoshi couldn't be easier.
Just go to and click the "Sign in" button at the top right of your screen.

You'll receive an email to verify your email address, then you can enter the details of the bill you want to pay when you arrive back at the Living Room of Satoshi site.

Once you've done this, you just need to verify your identity, and then you're ready to go.

Additional features

Living Room of Satoshi has recently added a feature where, provided your employer agrees, you can opt to receive part, some or all of your wages in Bitcoin.

Living Room of Satoshi additional feature

Also, Living Room of Satoshi offers a rewards program where you'll automatically collect 5 points for every AUD$1 you spend.

There are different levels, from "Noob" to "Miner" to "Satoshi", where the more you spend, the more points you will receive.

Living Room of Satoshi rewards program

These points can be converted into everything from Fitbits to cufflinks to hair straighteners to cold hard cash.

The reward categories can be broken down as follows:

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

Customer support

Living Room of Satoshi's customer support receives fairly consistent praise online, with response times to consistently same-day and the chatbot promising even faster replies.

Should a bill not arrive where you sent it – or if that's what the electricity company is saying – you just need to send the support team the BPAY details and they will help you get to the bottom of it.

Living Room of Satoshi will try and help you in the case of mistaken or unauthorised transactions, but it does not accept any liability for the funds.

Also, if any transaction has to be cancelled and redone for any reason, you'll have to use the new price of whichever crypto you want to use.

Is Living Room of Satoshi safe to use?


Unusually for the space – and given the importance of the transactions involved, it's a good thing – Living Room of Satoshi is fully regulated by the Australian domestic regulator.

Indeed, it claims to be "the first and only Bitcoin company with an Australian Financial Services Licence", which is true insofar as you don't count the exchanges and wallets Australians have access to.

If you'd like to check these things, the licence number is AFSL: 507130.

Verification process

Under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017, digital currency exchanges are statutorily obligated to verify the identities of anybody they do business with.

Living Room of Satoshi uses the third-party ID service greenID.

It's a very simple process and should only take a couple of minutes – you'll need to provide your full name, the address where you live, your date of birth and 2-4 forms of ID. These IDs are the usual suspects: passports, driving licences and so on.

Security features

Living Room of Satoshi has been going since 2014 and claims more than 18,000 customers have paid more than 200,000 bills with its service, and this reliability appears largely borne out by their online reputation.

Privacy and data security appear industry standard, as you'd expect from a regulated entity.

As it is not a custodial service, the security of your assets isn't really the question.

One word of warning: details on the security measures taken by Wallet of Satoshi are hard to come by.


Living Room of Satoshi is enormously convenient and, in providing an everyday, real-world use case for crypto beyond being a speculative asset, is a real window into the future. It's simple, straightforward and fast, and comes with a generous rewards program to incentivise its use.

However, a 5% premium may not sound like much but that is a hefty transaction fee in the financial world, and you'll have to calculate how much extra you're paying yourself. Then you'll have to decide if the premium is worth the convenience.

Compare Living Room of Satoshi against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID


Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID


Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID


CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.

Compare up to 4 providers

Frequently asked questions

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