RelayPay cryptocurrency card and app

RelayPay enables individuals and businesses to make use of cryptocurrency funds for real-world applications.

  • Provides individuals and businesses near-instant cryptocurrency-to-cash transactions through a user-friendly interface.
  • The selection of cryptocurrencies is limited to 19 tokens.


Fiat currencies



We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product Name RelayPay
Fiat Currencies AUD, USD, EUR
Cryptocurrencies BTC, ETH, SNX, AAVE, COMP, LINK, YFI, RENBTC, WBTC, USDT & 5+ more
Deposit Methods Bank transfer (ACH)
Trading Fee Dynamic fee based on the spread
Deposit Fees None
Withdrawal Fees None
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.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD, USD, EUR
  • Supported cryptocurrencies: Approximately 19 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer (ACH)
  • PayID

What's it like to use RelayPay?

RelayPay is an exchange and finance platform that aims to make the connection between cryptocurrencies and cash as simple as possible. In its own words it is "bridging the gap between traditional finance solutions and digital currencies". If you hold cryptocurrencies or are looking to purchase cryptocurrencies and want an easy way to spend them as cash, RelayPay may be an option.

Along with simplifying the connection between cryptocurrencies and cash, RelayPay has tried to keep its platform as user-friendly as possible. To demonstrate what the user interface is like, let's go through a few of its web pages.

Fees and limits

RelayPay keeps the hassle of additional fee payments to a minimum. Any trading fees for purchases, transfers and payments will always be all-inclusive which means a user will know exactly how much the service will cost.

Account and card fees

Trading fees are dynamic and based on the spread offered by the chosen cryptocurrency exchange. As RelayPay relies on multiple exchanges to offer the best price this fee will vary. Fees will always be included in the total amount.

Deposit and withdrawal fees

There are no deposit or withdrawal fees on RelayPay. Users can withdraw or deposit funds at any time.

How much does it cost to buy $1,000 worth of Bitcoin?

For $1,000, at the time of writing, RelayPay would be able to purchase 0.01517 Bitcoin. There is no extra associated fee. A user will only pay the $1,000 entered. A blockchain transaction fee will be required but will be included in the total and will not be additional to the $1,000.

How fast will my funds be available?

  • Cryptocurrency purchases in RelayPay occur in real time, with assets deposited within your digital wallet in seconds.
  • Cryptocurrency transfers can take slightly longer than instant purchases but the detailed payment signature is provided so that you can track your transaction.

Is RelayPay safe to use?

  • To promote the safe use of blockchain technology for improving the digital economy RelayPay is certified by the industry body, Blockchain Australia.
  • The company is also registered with AUSTRAC as a Digital Currency Exchange and Independent Remittance Dealer, so it complies with all regulations required. The exchange is checked by the Australian Transaction Reports and Analysis Centre.
  • RelayPay requires all users to verify their ID before utilising any of the features on the platform. This requires a copy of a photo ID to be sent to the exchange for verification. Thanks to biometric matching 80% of consumers are approved within two minutes or less.
  • Only regulated international exchanges are used in the order-matching system.
  • Multiple payment options including PayID, Osko, POLi, Mastercard, Visa and cash-in options will soon be added.
  • RelayPay is a non-custodial platform meaning a user always remains in control of their digital asset private keys. A user can interact with RelayPay via any personal digital wallet.

How do I create an account at RelayPay?

Opening an account at RelayPay is straightforward. The level of "know your customer" (KYC) data depends on the account option that you select.

  1. RelayPay. Head over to the RelayPay exchange and click on "Open account".
  2. Select account type. Choose which account is applicable for you. Choices include personal, business or commerce.
    Picture not described
  3. Personal details. Fill in the details on the subsequent page to create your account. Read through the terms and conditions then click "Open account".
  4. Six-digit code. A verification email will be sent to the provided email address. The verification email will contain a six-digit code which will need to be entered on RelayPay.
  5. Account access. Once confirmed you will then need to log in using the supplied details to gain access to the platform.
  6. Feature access. To gain access to features on the platform you will need to verify your identity by sending through a photo ID to the RelayPay team.

Borrowing through RelayPay

RelayPay is about to release a "Crypto-backed Loans" feature. Many cryptocurrency investors at some point may need to free up cash but do not wish to part with cryptocurrency investments. RelayPay's crypto-backed loans solves this problem of illiquid assets.

A user's cryptocurrency assets can be deposited onto the RelayPay platform and held as collateral against the cash loan. The user can then utilise the cash flow without the need to sell their digital assets.

An LVR of 50% is required for all loan payments. This means that for a $100 loan, a $200 collateral deposit will be required. Loans incur a 5% fixed interest rate and have a repayment window of 12 months.

Paying bills through RelayPay

Paying bills is a daily occurrence, but is not something that has been easily accessible for cryptocurrency holders. However, RelayPay has spotted the need and has now opened the cryptocurrency world to fast bill payments.

Cryptos can be used to pay credit cards, home loans, car leases – any bill that provides a BPAY biller code. Through the platform your cryptocurrency will be initially converted to the required fiat currency then sent for payment. Cryptocurrency exchanges will be completed at the best possible price among RelayPay's multiple exchange providers.

What else do I need to know about RelayPay?

RelayPay was launched in 2019 with an aim to ease the transition from cryptocurrency to cash for thousands of Australians. With an impressive development and advisory team, including the head of product and VP of partnership from the Synthetix DeFi protocol, RelayPay has been in strong hands from day one.

As cryptocurrency adoption increases, the need for it to be accessible grows with it. Targeting both personal and business applications, the RelayPay team has tried to improve both cryptocurrency transaction times and acceptance, while keeping the process as simple as possible for consumers.

For cryptocurrency purchases and sales, RelayPay utilises an aggregator model to compare the exchange rates from a host of regulated cryptocurrency exchanges around the world. This allows users to find the best exchange rate without scanning individual exchanges.

Alongside simple purchases and sales, RelayPay uses the aggregator model to offer cryptocurrency bill payments and, very soon, crypto-backed loans.

While the needs of individual consumers is only too apparent, the same accessibility is becoming increasingly required for businesses. Through RelayPay's business and commerce platforms, companies can accept Bitcoin, Ethereum and USD stablecoins as a form of payment and use cryptocurrencies for business transactions. These cryptocurrency transactions can be allocated to over 20 different currencies. Cryptocurrency payment solutions can be integrated with multiple ecommerce platforms such as Shopify and WooCommerce.

This level of flexibility with payment options is something many "early adopters" of cryptocurrencies are continually searching for. The current cryptocurrency market is an untapped consumer market worth nearly US$1 trillion, which makes it important for trade.

In the future RelayPay even hopes to offer crypto-to-cash withdrawals from ATMs for an even easier method of utilising those cryptocurrency funds.

In a nutshell


  • Instant cryptocurrency purchases and sales offered at the best available exchange rate
  • Cryptocurrencies can be used to make bill payments within 24 hours
  • Acquire loans that are backed by cryptocurrencies
  • Keep control of your digital assets at all times
  • Allows customers to pay businesses in crypto
  • Can integrate with multiple ecommerce platforms


  • Limited number of cryptocurrencies on offer
  • Requires a certain level of KYC data before features become available to users

Compare RelayPay against other crypto exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
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.
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.

Compare up to 4 providers

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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site