Binance, one of the largest blockchain ecosystems comprising of labs, launchpads and crypto exchanges, has made another giant leap towards promoting crypto purchases; this time, it has announced zero transaction fees on crypto purchases with Australian dollars or AUD via the Binance Lite platform in Australia.
Through this partnership with Binance Lite, Australian users can, from now onwards, buy Bitcoins or BTC with the Australian dollar or AUD directly on the Binance.com platform with 0% fees. This will be effective until March 31, 2020, and then the fees will be raised to 0.5% afterwards. Binance is also very hopeful of launching its new and innovative features and products in the Australian market.
Purchasing BTC with the AUD is also very easy. All you need to do is log into the ‘Buy Crypto’ page on Binance, select AUD and enter the quantity of BTC that you wish to purchase. Choose Binance Lite for making your AUD deposits and you will be directed to Binance Lite where you can log in by providing your Binance account details. If you already have a Binance account, then you can directly enter to the Binance Lite page; otherwise, you will be asked for registration that will take just 3 minutes. Then you need to select ‘POLi’ to proceed to the payment process. As soon as your payment is received, BTC will be instantly sent to your Binance account wallet.
Apart from making crypto purchases free with AUD, Binance has also made crypto purchases free with EUR and GBP, thereby making it affordable for the Binance users in Australia, EU and the UK to deposit fiat currencies by using any of their preferred local payment methods. These include POLi for Australian Users, iDEAL for Netherlands users, Bank transfers for the users in UK and SEPA for the users in the European Union or EU.