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Binance Launches Bitcoin Service At Australian Newsstands

23:20 20/03/2019
Australians Get Opportunity To Buy BTC At Newsstands

After the launch of the blockchain platform Binance Lite Australia, the residents of the country got the opportunity to buy bitcoins in newsstands. The large cryptocurrency exchange reported this on its blog.

 

Representatives of Binance noted that the service is available in more than 1300 kiosks in the county. At first, users can buy only bitcoins, but the developers have announced their intention to add support for other digital assets. Operations on the platform will be charged with a fee of 5%.

 

It is also reported that access to the service will be provided only to the users who have passed the verification of personal data and compliance with the requirements of KYC/AML rules. According to the developers, the platform allows users to create orders online, make deposits in the nearest newsagent, and receive bitcoins in a few minutes.

 

In early 2018, a similar platform was launched by the Bitcoin.com.au exchange. The commission for the service also amounted to 5%, and not only bitcoin but also ether was available for purchase.

 

In the late summer of 2018, the billing company Gobbill and the Cointree cryptocurrency trading platform launched a joint project which enabled Australian residents to pay bills with cryptocurrencies, even if their sender does not accept digital assets.

 

As previously reported, the Australian authorities froze the activity of two crypto trading platforms due to the suspicion of involvement in drug trafficking.

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