Bitcoin is an innovative and new payment method; this form of electronic cash is popular these days. Earlier, people had to exchange crypto for crypto. However, the Crypto market has evolved since then, and cryptocurrency exchanges like Binance have created several fiat-to-crypto exchanges. This has made it much easier for customers to buy Bitcoin. Binance is the fastest-growing exchange for trading cryptocurrencies.
Binance has made it comfortable for customers to trade by allowing cash deposits into Binance accounts. Earlier, Australian customers had to buy Bitcoin from a third party like Coinbase and then send it to their Binance account.
Binance Lite Australia will be the first-ever in the fiat – to – crypto service on the continent. Binance has been the fastest-growing exchange for cryptocurrency in a short period. Now, Binance, with this new service, is all set to reach new heights.
In the beginning, Binance allowed customers to buy Bitcoin with USD only; however, Binance is planning to widen its horizons and enable users to access a wide variety of cryptocurrencies.
The new Binance Lite Australia service is an effective way for users to convert AUD to Bitcoin. Users can place an order online for conversion, deposit a fiat amount at a participating newsagent store, and receive crypto-currency within minutes.
The users can easily convert AUD to Bitcoin without having to deal with any banking issues and remove any complication that results from purchasing cryptocurrency via credit card, such as restrictions imposed on providers from obtaining digital assets with borrowed money. Binance assures this is a secure and easy way of exchange.
With Binance Lite Australia, which puts newsagents on the front line in the conversion revolution, buying Bitcoin is as easy as getting milk from a store around the corner. Binance CFO Wei Zhou said that the new platform further expands cryptocurrency adoption “by providing easier ways to buy bitcoin.” He added that the exchange would, in the future, offer more fiat-to-cryptocurrency gateways around the world.
Binance has been quickly growing its operations globally. In January, it launched a fiat-to-crypto exchange on the island of Jersey, a British self-governing dependency, allowing users to trade bitcoin and ethereum against the British pound and the euro. Last June, the exchange also launched a fiat-to-crypto exchange in Uganda.