Australian crypto investors rejoice – you can now buy Bitcoin using a number of Australian native payment methods of Binance. This is going to make it cheaper and easier to buy Bitcoin through the binance platform for Australians. Here is how it all works:
Binance Fiat Gateways
Binance uses a number of different third party payment gateways to process fiat payments. Their approach is to support a lot of different gateways so that consumers have a choice. And this also creates competition which will hopefully lower the prices overtime.
Banxa is the third party processor that Australians can use and it’s the one that supports PayID, POLi and BPay. It has been built by Australian’s and the company is based in Australia. Here is how to buy Bitcoin on Binance using Banxa: