Australian bill payment system. Some exchanges support it.
Transfer speed: 1-2 business days
Available in: AU
BPAY is mainly offered by Australia-focused exchanges rather than global platforms. CoinSpot has supported BPAY deposits, while most global exchanges servicing Australians push bank transfer, PayID, or card instead.
BPAY is not instant. Even when the payment is sent right away, the exchange crediting step usually takes 1 to 2 business days, and weekends can push it out.
Limits vary by platform and can change, but CoinSpot has historically published BPAY caps (and separate caps for other rails). Always check the exchange deposit screen before sending because BPAY limits are often lower than PayID.
Using the wrong biller code or customer reference is the fastest way to delay a deposit. Another issue is assuming BPAY runs 24/7 like PayID when most BPAY crediting is business-hours heavy.
PayID/Osko is the go-to for speed and fewer "where is my deposit" headaches, while BPAY is slower but can work if your bank is strict on PayID recipients. If you want to trade the same day, use PayID/Osko when the exchange supports it.