Binance Australia Review - Is it Safe to Use? (2021) 

James Glennon
September 13, 2021
Binance Australia

Binance Australia Review

If you are interested in cryptocurrency, you would have heard of Binance. They are the world’s largest digital asset exchange that offer a wide variety of features including a standard exchange, leveraged trading and cryptocurrency lending.

Binance allows users to trade all of the top cryptocurrencies and altcoins, these include:

  • Bitcoin
  • Ethereum
  • Cardano
  • Dogecoin
  • Shiba Inu
  • + 300 more

Is Binance Australia Safe?

Binance is a fully licensed digital currency exchange in Australia and falls under the regulatory oversight of the Australian Transaction Reports and Analysis Centre (AUSTRAC). 

They are a secure and safe exchange for Australian’s to buy, sell and trade crypto.

Binance Fees Australia

The Binance Australia trading fees are very low when compared to competitors in Australia and start at 0.1%. Other exchanges in Australia like SwyftX charge 0.6% per trade, so Binance is can be a considerably cheaper alternative. 

How to use Binance in Australia

This is a quick guide on how to buy crypto using the Binance Australia exchange.

  1. Visit the Binance Australia website and sign up
  2. Complete your Australian verification and Know Your Customer (KYC)
  3. Deposit Australian Dollars (AUD) with any bank account
  4. Hover over ‘Trade’ in the navigation menu and select ‘Convert’.
  5. Select the cryptocurrency you want to buy with AUD and click done.
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