This launch is a ladder for the crypto exchange as it signifies its first endeavor in the continent. The exchange uses the Newsagent network to provide its fiat-to-Bitcoin brokerage services which are widely hailed as being reliable and safe. The network currently has more than 1300 members across the continent.
As at the time of the launch, the only option available on the platform is Bitcoin. Which makes Australia’s citizens to buy Bitcoin using the Australian dollar. The exchange is however looking into expanding its digital currency offerings and fiat currencies with the aim to give spectrum of choices to users.
Highlighting the Crypto Adoption Within Australia
Binance’s chief financial officer Wei Zhou stated that Binance Lite Australia will promote Crypto adoption by making the purchase of Bitcoin much easier. Adding that as a company Binance is excited to continue rolling out more Fiat-Crypto offerings worldwide, Zhou said, rise in the level of crypto adoption will lead to the creation of more economic activities and promote innovation in the industry.
To avail services offered on the platform, a user has to undergo a verification procedure on the platform’s official site. Once the verification process has been completed, the user can place their order online. A user can make fiat deposits by using the nearest Newsagent store, and the user will receive their Crypto shortly.
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