Binance Lite is a new, easy-to-use crypto exchange that allows Australians to buy Bitcoin with cash. The exchange is operated by Binance, one of the world’s largest cryptocurrency exchanges.
Binance Lite is currently available in select newsagents across Australia.
So far, the exchange has been well-received by the Australian crypto community. The main benefit of Binance Lite is its simplicity; the exchange is designed for people who are new to Bitcoin and cryptocurrency.
The process of buying Bitcoin on Binance Lite is straightforward: customers go to a participating newsagent, deposit cash into the Binance Lite wallet, and receive Bitcoin in their own personal wallets.
Another advantage of Binance Lite is that it doesn’t require customers to undergo Know-Your-Customer (KYC) procedures. This means that customers can remain anonymous when using the exchange.
The main downside of Binance Lite is its limited availability; at the moment, the exchange is only available in select newsagents across Australia. However, Binance plans to roll out the exchange to more newsagents in the future.
Overall, Binance Lite is a simple and convenient way for Australians to buy Bitcoin with cash. The exchange has been well-received by the Australian crypto community and offers several advantages over traditional exchanges.