Crypto payments in Australia doubled in the past year, but banking obstacles are surging, according to a new Independent Reserve survey.
The exchange polled 2,000 Australians in January 2026. Twelve percent reported using cryptocurrency for goods and services, up from 6% the prior year. Online shopping emerged as the top use case at 21%, followed by services like freelancing at 16%.
Thirty percent of investors experienced payment delays or rejections when buying crypto or transferring funds, up from 19.3% in 2025. Major banks including Commonwealth Bank and National Australia Bank tightened rules in 2023, imposing payment delays, transfer caps, and identity checks.
Younger users and those making smaller transactions reported higher interference.
The report states unclear regulations force banks to remain cautious. It urges clear licensing to build confidence and bridge the gap between crypto exchanges and banks.