MoonPay offers a fast and easy way to buy PayPal USD (PYUSD) in Australia with a credit or debit card, Apple Pay, and more.
Buy PYUSD and 100+ cryptocurrencies in Australia using Australian dollars.
Find out how can use your PayPal USD in Australia
Whether you're a seasoned trader or buying PayPal USD for the first time, the MoonPay app gives you the tools to get it done.
PayPal USD (PYUSD), a stablecoin pegged to the U.S. dollar, is fully backed by reserves to ensure its value stays consistent. Issued by Paxos Trust Company, it was first launched on the Ethereum blockchain. Recently, PYUSD made the jump to Solana to boost transaction speeds and cut down on costs, choosing Solana for its low fees, fast processing times, high transaction capacity, and flexibility for developers.
Australian users can buy PYUSD and other cryptocurrency on MoonPay through our widget or mobile app. We've also teamed up with many leading platforms in the Web3 and DeFi space, allowing you to buy PYUSD directly from your preferred non-custodial wallet.
MoonPay is a fast and flexible platform that allows Australian users to easily buy, sell, and swap over 100 cryptocurrencies, including PYUSD (PayPal USD), Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). We offer a variety of payment methods like credit/debit cards and Apple Pay for fast PYUSD deliveries your non-custodial wallet within minutes. MoonPay is focused on self-custody and decentralization, and our ISO-27001 and ISO-27018 certifications mean that we implement security measures to protect users' transactions.
All users of the MoonPay platform are subject to KYC (Know Your Customer) requirements. This includes Australian users and customers across all supported regions.
Though it is not yet completely widespread in Australia, more and more businesses are starting to accept PYUSD as payment for goods and services. Some of the products Australians can buy with PayPal USD include travel via airline tickets and vacation packages, home goods such as mattresses, beds, and blinds, as well as simple delights like pizza, coffee, and craft beer.
How much PYUSD you can buy will depend on your account limit, with higher purchases requiring increasing/different KYC levels. The minimum amount of PayPal USD that Australian customers can purchase is AU$30.
Delivery times for PayPal USD purchases can vary based on the payment method used to purchase. You can receive your PYUSD in as little as 5 minutes when paying by credit/debit card. If you pay with bank transfer, receiving your crypto can take between 1-3 business days.
*Note: For first time customers, additional security checks could take up to a few hours, even when buying cryptocurrency by card.
As a fiat-backed stablecoin, PYUSD attempts to maintain its 1:1 peg with the US dollar via reserves that include dollar deposits, government bonds, and other cash equivalents. While there is never a guarantee that the stablecoin will always maintain its value of $1, Paxos publishes monthly reports in an attempt to provide transparency of PYUSD reserves.
PYUSD and other stablecoins offer a way to remain within the cryptocurrency ecosystem while mitigating the inherent volatility of the market. With the aim of maintaining a stable value, these assets help reduce price fluctuations while offering the benefits of blockchain technology, such as decentralized finance (DeFi).