How to buy Pepe (PEPE) in Australia

Despite only launching in early 2023, Pepe (PEPE) has quickly established itself as one of the largest memecoins in the world, with a market capitalisation in the billions of dollars.

Based on the Pepe the Frog cartoon, Pepe is now one of the most popular memes on the internet, especially amongst the cryptocurrency community. It has also been one of the strongest performers in 2024, having risen more than 2,000% between January and December.

While Pepe trades on the Ethereum network, the easiest way to buy PEPE in Australia is via a crypto exchange that lets you buy Pepe with Australian dollars, such as CoinSpot or Swyftx.

How to buy Pepe in 4 steps

The following steps are for Australian residents and should work with most cryptocurrency exchanges, investing apps and brokers.

1. Choose a payment method
   There are many different ways to buy Pepe. For beginners the first things to consider is usually fees and payment methods. Fees will depend on the payment method chosen, with purchases via bank deposit or PayID usually the cheapest. Alternatively, you may already have a specific payment method in mind, so you can start by choosing an exchange that supports it – such as finding a platform that accepts PayID or debit card.
2. Choose a platform and create an account
   Once you've chosen the platform you want to use you will need to create an account. You will need to provide some photo ID like a driver's licence or passport to complete the process. You may also be required to take a selfie to prove your identity in accordance with Australian law.
3. Purchase your Pepe
   Depending on which platform you choose, there may be a number of ways to buy PEPE. The spot market is typically where fees are lowest but it may require some getting used to if you've never used an investment platform before. The easiest method is usually using the "instant purchase" menu but the fees are often higher. Most Australian exchanges offer live customer support via webchat in case you need help deciding.
4. Transfer your Pepe to a crypto wallet
   Safe storage of cryptocurrency is important for everyone, even beginners. Cryptocurrency exchanges are at risk of hacks or financial mismanagement, which means leaving your PEPE on the same platform you purchased it on could put it at risk. Instead, learn how a cryptocurrency wallet works and consider transferring your funds into your own possession.

Buy PEPE now

Use the table below to compare a comprehensive list of cryptocurrency exchanges and trading platforms in Australia. If you find a platform that meets your needs, click the green "Go to site" button to create an account and get started.

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Product GXFCY	Deposit methods	Fiat currencies	Cryptocurrencies	Offer	Disclaimer	Go to site
CoinSpot Exclusive	Bank transfer, Credit card, Cryptocurrency, Debit card, PayID	1	501	Get $20 in BTC when you make a deposit. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...
eToro Crypto Best Rated BrandExclusive	Bank transfer, Credit card, Debit card, PayPal, eToro Money	27	107	Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...
OKX	Bank transfer, Credit card, Cryptocurrency, Debit card	1	303	Get $20 in BTC when you trade $20 in the first 14 days after opening an account. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...
Kraken Finder Award	Credit card, Cryptocurrency, Debit card, PayPal, PayID	7	295			Go to site Capital at risk View details Compare	loading Fetching your data...
Swyftx Finder AwardExclusive	Bank transfer, Credit card, Cryptocurrency, Debit card, PayID	3	433	Get $20 in BTC when you verify your account. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...
Coinstash Finder AwardExclusive	Bank transfer, Cryptocurrency, Osko, PayID	1	1072	Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...
Day1x	Credit card, Cryptocurrency, PayID, Bank Wire	1	23			Go to site Capital at risk View details Compare	loading Fetching your data...
Digital Surge Exclusive	Bank transfer, Cryptocurrency, Osko, PayID	1	402	Receive $10 BTC on sign-up and verification. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...
Bitget	Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay	1	850			Go to site Capital at risk View details Compare	loading Fetching your data...
Binance Australia	Credit card, Cryptocurrency, Debit card, P2P	114	389	Get up to US$100 in trading vouchers when you verify your account, deposit funds and make a trade. T&Cs apply.		Go to site Capital at risk View details Compare	loading Fetching your data...

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What's the best way to buy Pepe?

The easiest way for a beginner to buy Pepe is usually through a crypto exchange.

However, what's best for you will depend on your preferred payment method and investment goals.

To help you choose, we've analysed 16 cryptocurrency trading platforms in Australia on things like fees and payment methods.

Our goal is to help you find the platform that best suits your needs and budget. All of the platforms on this page are registered with AUSTRAC (Australian Transaction Reports and Analysis Centre), which regulates digital currency exchanges in Australia.

Buy Pepe with PayID, Osko or bank transfer

Many crypto platforms support free and instant bank transfers in Australia. This includes PayID and Osko.

Once you've passed a know your customer (KYC) check, you can deposit AUD from your bank account and will usually be able to swap it for Pepe within minutes.

Below is a list of reputable platforms that support deposits via bank transfer, Osko or PayID and offer some of the lowest fees in Australia, based on our research.

How to buy Pepe with debit card

An increasing number of Australian cryptocurrency platforms now support buying Pepe with a debit card.

A benefit of buying Pepe with a debit card is that the process is often simplified and designed for beginners and or people that have never invested in cryptocurrency before.

The downside is that the fees are typically higher than when you pay using a bank transfer or PayID.

Below is a list of reputable platforms that support purchases of Pepe using debit card and offer some of the lowest fees in Australia, based on our research.

Buy Pepe with credit card

Buying Pepe with a credit card might seem convenient at first glance, but once you add up the purchasing fees, any interest payments or charges from your card issuer, it may not end up being the most cost-effective option.

There are also a number of additional risks and considerations when using a credit card. Read our dedicated guide on buying crypto with a credit card if you'd like to know more.

Of all the payment methods listed on this page, buying Pepe with a credit card is typically the most expensive. To help you, we've put together a list of some of the platforms with the lowest credit card fees in Australia, based on our research.

Where to buy Pepe in Australia

In Australia, you typically buy Pepe from an online platform called an exchange, which can be accessed through a website or smartphone app.

The most common type of websites to buy Pepe from are called cryptocurrency exchanges.

They specialise in buying and selling cryptocurrencies and sometimes offer additional services dedicated to cryptocurrency.

The other type of website is an online share trading platform, which usually sells shares, ETFs and commodities alongside cryptocurrencies.

These platforms tend to be focused on traditional assets rather than crypto and will have fewer coins and tokens available than a dedicated crypto exchange.

The majority of cryptocurrency exchanges and share trading platforms now offer smartphone apps.

You can also buy Pepe from a cryptocurrency wallet, a special Pepe ATM or via a peer-to-peer (P2P) marketplace, although these options are less beginner-friendly.

Buying Pepe from a crypto exchange

Buying PEPE on a crypto exchange is the most common way to invest in Pepe.

Exchanges such as CoinSpot, Swyftx and Kraken are some of the most widely used crypto exchanges. They also enable you to buy other cryptocurrencies if you want to expand your portfolio beyond PEPE.

Most Australian exchanges let you buy Pepe instantly using cash deposited from a bank account.

Some also let you buy with debit card or credit card. Be aware though that purchasing Pepe with a card is typically the most expensive option.

Spot market trading is offered by some exchanges in Australia. It is a slightly advanced way to buy PEPE and it requires placing bids and offers. Trading fees are often lowest when you use this method, but it will take a bit of getting used to if you've never traded on a spot market before.

Holding your Pepe on a centralised platform like an exchange means trusting the exchange to protect your assets. Assets held on an exchange are at risk of hacks, phishing attacks and potential mismanagement by the exchange operators.

To help avoid these risks and have complete control over your Pepe, consider withdrawing your funds to a personal wallet after you have completed your purchase.

Buying Pepe from a crypto wallet

Cryptocurrency wallets are specialised software applications or physical devices designed for managing cryptocurrencies and keeping them highly secure.

Many of these wallets offer you the ability to purchase Pepe and other cryptocurrencies through a third party.

These apps typically accept credit or debit card payments.

Hardware wallets provide a secure and private way to hold your Pepe personally, rather than being entrusted to a third-party exchange or platform.

Although the Pepe blockchain is more secure than exchanges and has never been hacked, your security depends on you. You are responsible for managing your private key or seed phrase, which, if lost, may result in lost funds.

Ledger Nano X Wallet	Trezor Model T Wallet	SafePal S1 Wallet
Go to site	Go to site	Go to site
Supported assets 5,500+	Supported assets 1,000+	Supported assets 30,000+
Price (USD) $149	Price (USD) $129	Price (USD) $49.99

See more of the best crypto wallets

Compare wallets

Buying Pepe from a P2P marketplace

A P2P crypto marketplace is a platform that allows individuals to buy and sell cryptocurrencies directly with one another through offers, a bit like eBay.

P2P marketplaces typically support a wide range of fiat currencies, including AUD.

Low or no fees are common for P2P trades. Since order prices are fixed, you can potentially find Pepe below market value.

Purchasing Pepe through P2P exchanges regularly can be challenging, as it may be hard to consistently find a seller willing to sell you the exact amount you want each time.

Here are some of our favourite P2P exchanges available in Australia

• Binance P2P – Best P2P exchange overall
• KuCoin P2P – Best P2P exchange for altcoins
• Bybit P2P – Best P2P exchange for low fees

What to look for when buying Pepe

There are a few key factors to keep in mind when looking for where to buy Pepe.

• Where it's registered

  Using a locally registered exchange is a good idea. It's more likely to accept Australian dollars and local payment methods like PayID, which helps avoid foreign exchange fees.

  Choosing from Australia-based exchanges also means it's likely to be registered with AUSTRAC, which means it has to comply with local laws in Australia.

  Using AUSTRAC-registered exchanges

  There are plenty of places to buy Pepe and people in Australia can choose from platforms registered here at home or in locations all around the world. Opting for a locally registered PEPE exchange typically offers more convenience, but may have some downsides depending on your goals.

  Pros

  • Australia-based exchanges must comply with AUSTRAC Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations.
  • You can usually buy Pepe with AUD. Exchanges in Australia typically support local payment methods, such as PayID, POLi and BPAY.
  • You may be able to access local customer support.
  • Subject to local laws.

  Cons

  • You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously.
  • Overseas trading platforms may provide better liquidity.
  • AUD-to-crypto prices are often slightly higher than USD-to-crypto prices, meaning you sometimes pay a premium for buying directly with Australian dollars.
  • Some features are simply not available on AUSTRAC-registered exchanges. For example, high-leverage margin trading, DeFi features and some altcoins.

• Security

  Look at the security features the platform has to offer, like 2-factor authentication and PGP-encrypted emails. Cold storage of user funds is considered industry standard, but insurance funds are less common and indicative of good security practices.

• Learn whether the exchange has an insurance fund

  A very small number of exchanges now offer insurance on users' funds. Beware that policies vary significantly between exchanges, so research this thoroughly if insurance is important to you.

• Customer support

  If you ever have a problem with a transaction, will you be able to quickly and easily get in touch with the customer support team? Are they based in Australia? Check what contact methods are available and find out how quick the team is at responding to enquiries.

• Fees

  Check the different transaction types and the corresponding fees before buying Pepe, so you know exactly how much it will cost. Fees typically differ depending on whether you use the spot market or an instant purchase option. Depending on the platform you choose, fees may include spreads, trading fees and deposit and withdrawal charges.

After you've bought Pepe

Once you own some PEPE, you have 2 options – keep it on an exchange or move it to a personal wallet. Each comes with its own set of pros and cons.

• Keeping your Pepe on an exchange

  Pros

  • Convenience. Keeping your Pepe on an exchange is convenient because you can buy and sell at any time.
  • Security. Holding Pepe on an exchange does come with significant counterparty risks, but reputable platforms also invest heavily in security so you don't have to worry about the pitfalls of self-custody.
  • Insurance. A small handful of exchanges now operate insurance schemes. These can range from insuring user deposits held in cold storage to reimbursing customers if a hack occurs.
  • Earn yield. Many exchanges now let you earn yield on your Pepe. This is achieved by lending your PEPE so carries its own set of risks. Do your research before deciding if it's the right option for you.

  Cons

  • Phishing. Exchange users are frequently targeted by scammers trying to steal login information through malicious emails and fake website links.
  • Hacking. Exchanges are major targets for hackers. While security practices have improved substantially, hacks still occur from time to time.
  • Account freezing. Exchanges have been known to occasionally freeze user accounts, whether due to security concerns, technical issues or market turbulence. This could see you temporarily lose access to your crypto.

• Moving your Pepe to a non-custodial wallet

  Pros

  • Self-custody. A mantra repeated by crypto investors is "Not your keys, not your coins". This comes from the idea that the only way to guarantee ownership of your Pepe is to own the private key — which isn't the case when you hold on an exchange.
  • Security. Pepe and cryptocurrency wallets vary greatly in their features and security. For the most secure experience, consider purchasing a hardware wallet, which is usually a small USB device that keeps your private keys offline at all times for an extra layer of security.
  • Utility. If you plan to use your Pepe for transactions, daily spending or decentralised finance (DeFi), then storing it in a wallet rather than an exchange will be more convenient.

  Cons

  • Learning curve. It's no secret that learning how to use a crypto wallet takes some time and effort. Spend some time learning how Pepe wallets work before transferring any of your funds.
  • Personal responsibility. Owning your own money can be liberating, but it also means the responsibility is all yours. If you lose your private key, the only way to regain access to your wallet is through the seed phrase. Make sure to store both of these privately and securely.
  • Inheritance. A challenge presented by crypto wallets is how to pass access on in the event of death or disability. Several companies are experimenting with ways to solve this problem, like the Trezor Model T wallet's Shamir back-up feature.

Is Pepe safe to invest in?

All investments have risk associated. Before you buy Pepe, make sure you do due diligence in research and understand these risks:

• Price volatility

  Pepe's price is largely based on speculation, meaning it can rise or fall quickly. It's common for Pepe to move by 10% or more in a single day.

• Exchange vulnerabilities

  Leaving your Pepe on a crypto platform exposes you to several counterparty risks, including scams, hacks and theft and fiscal mismanagement, as we saw in the case of FTX in 2022. To reduce this risk, it's best to keep your Pepe in a non-custodial wallet.

• Regulatory uncertainty

  The regulatory environment for Pepe and other cryptos is constantly changing. In some countries owning and trading Pepe is legal and in others, it isn't. Even in countries in which it is legal to own Pepe or other cryptos, there can still be some jurisdictions that don't permit certain Pepe or crypto services and platforms. For example, only a few crypto companies are permitted to operate in New York state, so there are only certain ways to buy Pepe in NY.

• Technological learning curve

  If you plan to invest in Pepe and custody the asset on your own, you'll have to learn how to use an Ethereum non-custodial crypto wallet.

• Wallet vulnerabilities

  The Ethereum network that hosts PEPE is near-impossible to hack, but the hardware and software used to manage your funds — known as wallets — can still be vulnerable. We researched Ethereum wallets and shared which ones we felt were best.

• Transactions can't be reversed

  Once you've submitted a PEPE transaction on Ethereum, it can't be cancelled or reversed. Double-check the receiving address before sending a PEPE payment or moving PEPE off an exchange. One good way to do this is to check the first and last 4 digits of the wallet address you are sending to before setting the transaction in motion. There is no way to refund PEPE sent to the wrong address.

Bottom line

If you want to buy Pepe, start by comparing a range of crypto brokers and exchanges available in Australia. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with AUSTRAC for added peace of mind.

Remember that owning and using Pepe is not without its risks. It is a memecoin and its price is highly volatile. Only invest what you can afford to lose.

Once you've bought some PEPE, think about what your short- and long-term goals are. This will help you decide whether to keep it on an exchange or move it to your own wallet.

FAQs

• Where i can buy Pepe crypto?

  You can buy PEPE instantly using AUD, oron the spot market where fees are usually cheaper.

• What is the price of Pepe in Australia?

• Will Pepe ever reach $1?

  No, PEPE will never reach $1. There are more than 4.2 quadrillion PEPE tokens in circulation. If it reached a price of $1 per token, PEPE would be several times larger than the entire global economy.

• Can I buy Pepe without ID?

  There are still a small number of ways to buy Pepe (PEPE) without an ID. However, it tends to be safer to purchase PEPE through a platform that's registered with AUSTRAC. You won't be able to create an account on a AUSTRAC-registered platform without providing identification as part of the KYC verification process.

• How is Pepe taxed?

  Pepe is treated as an asset by the Australian Tax Office (ATO), which means that if you've bought, sold or earned PEPE during the financial year, you will need to report it at tax time. Investors will need to declare any profits as capital gains, while losses can be used to reduce your tax bill or offset any future gains.

  If you make frequent PEPE trades in a professional capacity you may be classified as a trader, which is a bit more complex. Learn more in our guide to crypto tax in Australia or use our round-up of the best crypto tax software to make tax reporting easier.

Written by

Thomas Stelzer

Publisher

Tom Stelzer is a publisher and writer for Finder, covering investing and cryptocurrency. He previously worked for Finder as a writer in Australia and the UK, covering things like personal finance, loans, investing, insurance as well as small business and business loans. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio