(Rejected) Australia Post office now allows users to buy Bitcoin and other Altcoins
More than 24 million people in Australia are now able to buy cryptocurrency in the Australia Post office, the names of cryptocurrency that are allowed include Binance USD, ETH, Tether and Bitcoin. Bitcoin.com.au is the Australian company that was able to bring the option of buying cryptocurrency at the Australia Post office.
Australia Post has over 4500 offices in Australia. It lets users buy from 50 AUD to 50,000 AUD worth of cryptocurrency with cash and EFTPOS.
What you need to know when buying cryptocurrency at Australia Post.
If you want to buy a cryptocurrency at Australia post office, you will need to visit Bitcoin.com.au, choose the payment option to Australia Post. Visit the nearest Australia Post office, also carry a Government-issued ID along with you, for example, valid driver's license, national ID card and international passport. You will have to pay a 3.9 percent fee. Note that you can't sell Cryptocurrency at the Australia post office.
You will be able to sell cryptocurrency at Bitcoin.com.au, all you need to do is create an account. Insert the amount of bitcoin you want to sell, then you will be given a unique address to pay in your cryptocurrency. After the payment is confirmed the payment will be sent to your Australian bank account.
The amount of Bitcoin ATM and physical location to buy Bitcoin and Altcoin keeps growing, Bitcoin ATM has recorded having over 8000 units installed worldwide.
it is now possible to buy bitcoin in over 20,000 locations in the United States. As the amount of physical location to buy cryptocurrency keeps growing, even in Africa, you should be able to find a physical location to buy cryptocurrency, but they are not much or easy to find.
The CEO of banxa.com, who also operates other 'buy cryptocurrency' website, which are bitcoin.com.au, bitcoin.ca, and bitcoin.co.uk said: “For many people, paying for bitcoin at an Australia Post office feels safer than transferring funds online – particularly for first-time buyers. We’re proud of this partnership and would like to thank Australia Post for their continued openness to new technologies.”
The collaboration with Australia Post will help Australians buy cryptocurrency easily and stress-free without getting worried about online scams or any complications that may arise. The collaboration might also have some impact on the price of Bitcoin positively. As any Australian will be able to buy cryptocurrency near there location, this could motivate non-crypto currency investors to find interest in Bitcoin and Altcoins.
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