Australians can buy Bitcoins (BTC) at 3,500 Australia Post post offices

in #english4 days ago



An important aspect for the mass adoption of Bitcoin and other cryptocurrencies is the easy access to them. In Australia, residents can now purchase the largest digital asset at 3,500 post offices. Alternative points of purchase such as the post office or Bitcoin vending machines are becoming increasingly popular.


Buy Bitcoins at 3,500 Australia Post branches

The Bitcoin purchase service is made possible through a collaboration between Australia Post and Bitcoin.com.au. Australian residents can therefore purchase Bitcoins at more than 3,500 post offices. Payments are accepted with Australian dollars and ATM or credit cards.

As stated in the official press release, the cooperation with Australia Post is intended to make it possible for Australians to purchase Bitcoins quickly and securely. To purchase Bitcoins, customers must enter the desired amount of Bitcoins to be purchased via platform Bitcoin.com.au and note their wallet address.

Online verification via Australia Post's Digital ID is then required to comply with regulatory requirements. This is only necessary for the first purchase, but means that the purchase cannot be anonymous. With this information, customers can drive to the nearest post office, show their passport and pay for the Bitcoins with cash or card. Sounds complicated? We think so too!

What's more, the process has to be completed within two hours and is therefore also subject to Australia Post's opening hours. An uninterrupted trade with cryptocurrencies, as one is used to from online exchanges, is therefore not possible. We have summarized the best and most trusted exchanges for the secure purchase of Bitcoin and other cryptocurrencies for you here.

How many of the country's 25 million inhabitants will use the offer remains to be seen.


More and more Bitcoin vending machines worldwide

Despite the complicated procedures, alternative points of purchase are becoming increasingly popular. In addition to the increasing choice of alternative points of purchase, the number of Bitcoin machines is also growing steadily despite the high fees charged in some cases.

As we reported a few days ago, the number of BTC machines reaches 8,500 distributed in 73 countries. However, the distribution is anything but even. While there are already 155 machines in Austria, there are only 48 in Germany. The market leader in the Bitcoin machine segment is North America.


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Posted from Crypto Mastermind Go to the original article
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