Binance opens full fiat-to-crypto trading platform for Australia

2020-7-29 02:25

Binance, the global blockchain firm behind the world’s largest digital asset exchange by trading volume, today launched Binance Australia, a fiat-to-crypto trading platform providing Australian users with a fast, secure and reliable platform to buy and trade digital currencies with the Australian Dollar (AUD).

Binance Australia allows Australian users to deposit AUD directly from their bank accounts at zero fees through PayID. To withdraw funds, users can simply link their Australian bank accounts to Binance Australia and make a withdrawal request. At launch, Binance Australia is available on desktop and mobile web, with app support available at a later date.

“Australia has been at the forefront of blockchain innovation with favorable policies. By providing a secure and regulated platform for trading digital currencies with AUD, Binance Australia aims to make crypto more accessible among Australian users, furthering our mission to provide crypto access and drive freedom of money worldwide,” said Binance Founder and CEO Changpeng Zhao (CZ).

As a partner of Binance, Binance Australia connects to the broader Binance ecosystem while catering to the Australian market, enabling Australian users to access all features and functions on Binance.com, including high speed, security, and deep liquidity. Its localized approach and service also include active participation and engagement with local communities and governments to ensure a high industry standard and user-first model.

Binance Australia contributes to Binance’s expanding efforts to increase convenience and access to users looking to buy and trade digital currencies around the world. Binance has established joint ventures with leading global partners to create fiat-to-crypto trading platforms in Singapore, Korea, Uganda, Jersey, and the United States, with Binance UK to follow. These trading platforms allow users to easily and securely buy and sell digital currencies with select local currencies.

Binance launched Binance Lite Australia in March 2019 to provide secure and reliable brokerage service through a network of 1,300+ newsagents across Australia and via internet banking powered by POLi payments, allowing users to buy Bitcoin with AUD. Previously, Binance made a strategic investment in online travel agency TravelbyBit allowing users to book flights and hotels using digital currencies. Binance Australia furthers Binance’s efforts to integrate digital currencies into people’s daily lives.

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