Ask anyone on the street how to buy bitcoin, and most would likely not know where to start. The few that do will likely tell you that there isn’t an easy or straightforward way for newcomers to purchase their first bitcoin.
Online exchanges are ideal for trading digital assets, but they might not be ideal for all situations. Especially for first-time bitcoin buyers.
We believe that buying bitcoin should be as simple as possible. Today, we are excited to announce the brand new Binance Lite Australia [Beta].
Easiest Way to Buy Bitcoin in Australia
Binance Lite Australia [Beta] is a new cash-to-bitcoin brokerage service where users can buy bitcoin by depositing cash at any of the 1,300 Blueshyft-powered newsagents across Australia.
How to Use Binance Lite Australia [Step by Step]
There is no signup process: simply follow the four simple steps below and you will have your first bitcoin in no time.
Step 1. Create an Order
Visit binancelite.com. Click the ‘Buy Bitcoin’ button to create an order. You can review the BTC/AUD exchange rate on the top of the page. Simply fill in your order details, and click ‘Next’ to continue.
Step 2. Verify Your ID
Complete a one-time identity verification with Australia Post’s Digital ID™ by clicking the ‘Verify’ button. Follow the prompts on your screen to complete the process.
Click here for a step-by-step tutorial on how to verify your ID.
Note: Each user will only need to perform this once. Returning users will automatically skip this step.
Verify ID Page
Step 3. Review Your Order
On the order summary page, you will receive an order QR code and instructions to complete the payment. These instructions will also be sent to the email address you specified.
Note: Be sure to review your details, e.g. receiving bitcoin wallet address, before proceeding to the next step.
Order Summary Page
Step 4. Deposit Cash and Receive Bitcoin
Visit your nearest supported newsagent to make the cash deposit. The bitcoin will be sent to the wallet address you specified.
Check your email for a tax invoice after you complete the payment. After which, your bitcoin will be on its way to you shortly.
Note: Your order will be held open for 90 minutes before expiring. If your order has expired, simply create a new order here.
Tax Invoice Email
Try Binance Lite Australia Today.
Click here to Buy Bitcoin now.
Frequently Asked Questions
Who can use Binance Lite Australia?
Our service is open for users of any nationality, as long as the user is in Australia to make the cash deposit in person at one of our supported newsagents.
What is the price for a bitcoin?
The price of one bitcoin is displayed in AUD at the top and bottom of our homepage, updated every minute. The price is based on an average of various rates provided by top Australian exchanges.
What are the fees?
As an introductory offer, we are charging a 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase. For example, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12.
As an introductory offer, Binance Lite Australia is offering a 50% discount on transaction fees for our Beta users.
Is there a minimum and maximum purchase amount?
The minimum purchase amount is set at $30 AUD, with a maximum amount capped at $1000 AUD during the Beta phase. Please note that only multiples of $10 will be accepted, for example, $50, $60, $70, etc.
How long will it take to receive my Bitcoin?
While we process the payout immediately, our system will perform an internal security screening before sending out the bitcoin. After that, you can check the status of your transfer on any Bitcoin block explorer.
Can I buy Bitcoin for someone else?
No. We only accept payments made by the same individual who initiated the order. For your own safety, you should not buy bitcoin on someone else's behalf.
I’ve changed my mind…Can I get a refund?
No. We are unable to process a refund after the payment is completed.