Introduction
Exchanging cryptocurrency had evolved over the years and now people have a lot more choices at their disposal. At the same time, some countries had been leading in terms of creating a proper regulatory environment for the crypto industry, and one of them is Australia. For those of you that don’t already know, all Australian exchanges are registered with AUSTRAC.
One of them, which will be the topic of the current review, is AussieCoins, a new and trusted Bitcoin exchange, promising to provide simple but industry-leading exchange services. If you are living in Australia and looking for a reputable exchange platform, stick to the end of our AussieCoins Review to find out more.
Overview
A brand owned by SITA Global PTY LTD, aussiecoins.com.au is a cryptocurrency exchange platform, with its mother company incorporated in Australia and registered with AUSTRAC, the local regulator.
At present, the website provides access to Bitcoin exchange services, enabling any resident to deposit fiat currency (AUD) via PayID, POLi Payments, or wire transfer and exchange it into BTC, with industry-leading security, support, and deposit options.
Assets
AussieCoins is an exchange currently designed for users wanting to buy Bitcoin with fiat. The brand is in the process of expanding the crypto support, but until then, its customers can benefit from state-of-the-art BTC services. It is super simple to use the platform, even without any prior experience in the world of cryptocurrencies. That’s the main reason why it had been designed this way – to enable the wider Australian audience into the world of crypto.
Signup Process
To get started, you simply have to provide your email address, phone number and set up a password. Once done, you will have to verify the new account and complete a customer questionnaire. This will imply to provide your personal identification information. AussieCoins wanted to simplify the verification process, so you will be able to start buying BTC after providing as little as a driving license. Only if you want to buy larger amounts, an ID and proof of residence will be needed.
Keep in mind that AussieCoins is a registered exchange and had a KYC/AML Policy in play. Thus, it must be aware of information about all its customers, without any exception, as an order of assurance all the transactions through the platform are legit. You won’t be able to buy Bitcoin without completing the signup process.
Security
Dealing with cryptocurrencies has to be done in a secure environment, to prevent unwanted individuals from hacking into exchanges. AussieCoins is fully aware that other brands felt victims of hacking attacks in the past years, and because of that, it had created a powerful and secure infrastructure.
As long as you set up a strong password and keep your wallet address private, no one will be able access to your account or BTC tokens. The exchange deserves credit for creating such a trusted place where all people can get involved in the crypto market without any security worry.
Deposits and Withdrawals
Given AussieCoins is authorized to provide services of exchanging fiat currencies into crypto, you can make easy deposits via PayID/POLi Payments (the option for BPAY Payments will also be available soon). This type of transaction is processed instantly, and you can exchange fiat into BTC right away. At the same time, you could deposit fiat via wire transfers. In this case, though, you must consider that the transaction could take up to a few days until it’s processed.
For withdrawals, you will need to provide your wallet address, before completing the exchange. If you don’t already have one, aussiecoins.com.au will help you open one directly from the platform. Once the exchange is done, the company will send the tokens to the provided wallet.
Customer Support
AussieCoins had proven to be a customer-oriented cryptocurrency exchange and because of that, it has multiple channels of communication with customers. If you want to find out more about the services provided, or you encounter technical difficulties, the customer support service is available 24/5 via email or a live chat feature. Getting in touch with a representative can be done very fast and without hours in a row of wanting.
Final Thoughts
As the cryptocurrency market continues to expand, the demand from retail individuals continues to do the same. It is absolutely imperative to have more brands like AussieCoins, constantly committed to providing the best exchange services. If you are from Australia and looking to buy Bitcoin, this is one of the best choices in the market.
With AUSTRAC registration, multiple payment methods, trusted customer service, and industry-leading market rates, AussieCoins can be your top pick for getting involved in the cryptocurrency market. Australia has a solid regulatory background for exchange platforms like this one and as a result, there’s nothing to worry about. No evidence could be found suggesting AussieCoins might be a scam, but on the contrary, multiple reasons point towards its reliability and its good reputation.
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