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Big Player which accepts Bitcoin. On March 20, 2019, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia. It shows that the platform encourages our users to trade responsibly and that trading derivatives carry risk, and furthermore, cryptocurrencies and other digital assets often have high levels of price volatility. What Trading Features Does Binance Offer? Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency - this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies. Additionally, you can use your cryptocurrencies to purchase products and services through the "Checkout With Crypto" feature. Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform.

Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account. You’ll be prompted to hold your phone up to your computer to scan the QR code. On the next slide, you’ll be prompted to download the 2FA app. Back on your Binance page, you’ll be prompted to make note of your 16-digit alpha-numeric backup code. The history of Bitcoin traces back to the groundbreaking publication of its white paper on October 31, 2008, authored by the enigmatic figure known as Satoshi Nakamoto. Bitcoin was designed and created by an anonymous programmer, or possibly group of programmers, by the name of Satoshi Nakamoto. When capture is completed, Authy will automatically prompt you to name your new account (we’ll soon add a Binance logo, too, so this will be automatic).

Important: If any sites prompt you to use Google Authenticator for two-factor authentication, youtu.be note that you can always substitute the Authy 2FA app instead. Two-factor encryption is available at no charge. In order to make withdrawals from your Binance account, you are required to set up two-factor authentication. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia. Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex.