- Binance Lite is a cash-to-bitcoin brokerage service where users can purchase bitcoin by depositing cash at a network of supported Newsagents
- Binance Lite Australia currently offers the option to buy bitcoin in Australia using cash (AUD). They plan on giving more digital currencies and fiat options in the future.
Global cryptocurrency exchange Binance launched Binance Lite Australia. Binance Lite is a cash-to-bitcoin brokerage service where users can purchase bitcoin by depositing cash through a network >1,300 supported Newsagents across Australia. Binance Lite is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency exchange.
Wei Zhou, Binance CFO, spoke of the launch:
“Binance Lite Australia further expands digital currency adoption by providing easier ways to buy bitcoin. We are excited to continue to roll out more fiat to crypto gateways around the world to support the growth of our industry. We firmly believe that more adoption will lead to more innovation and more economic opportunities. Australia has been at the forefront of blockchain innovation, and we hope Binance Lite Australia can play a role to help further this cause.”