The AussieCoins BTC exchange platform is now one of the most secure options for people that want to buy Bitcoin for AUD, considering it comes with multiple benefits to help take advantage of the digital revolution in the financial industry.

Available for Australian residents only, the aussiecoins.com.au platform is registered with AUSTRAC, the main regulatory body in the country, in charge of oversight for cryptocurrency exchange platforms. The country is one of the pioneers in all regarding Bitcoin and crypto, which had made it imperative for the government to establish clear laws for exchanges.

Bitcoin had gradually become a popular investment asset and despite its still slow broader adoption as a replacement for fiat, volatility and huge price fluctuations are encouraging people to get involved. However, the large amounts of cryptocurrency-related scams had put a dent in the industry growth back in 2017, when investors were faced with the reality that most of the altcoins were actually bad projects.

Actions had been taken by many countries, including Australia, which had established clear guidelines for cryptocurrency exchanges that want to operate within its jurisdiction.

As a result, AUSTRAC had been put in charge to register and monitor all exchanges providing their services for local residents, requiring them to comply with strict privacy, KYC, and anti-money laundering rules.

Importance of security protocols implementation in online exchange platforms

AussieCoins is one of the registered exchanges, currently providing access to competitive exchange services, given that it uses multiple security protocols and mechanisms to ensure that customers get to benefit from exchanging AUD to Bitcoin, without having to worry about hackers or privacy issues.

The AussieCoins platform is brand new, wanting to leverage all the Bitcoin benefits and facilitate simple yet efficient access to the world of cryptocurrencies. With a value exceeding $11,000 per token at the time of writing, Bitcoin continues to be the largest cryptocurrency in the world, exceeding $200 billion in market capitalization.

Due to increased popularity, both institutional investors and retail individuals continue to treat it as a reliable investment opportunity, having the potential to increase in value over the long-term. The past 12 years had proven that Bitcoin can grow and regardless of cyclical setbacks, its price continues to remain high.

Built for the Australian residents, aussiecoins.com.au is offering flexibility and some of the best Bitcoin rates, with no hidden fees or commissions. As one of the countries that benefit from reliable rules for exchanges, people are the main beneficiaries of swift access to Bitcoin-related services.

AUSTRAC redefined how will treat to Cryptocurrencies

Considering the Australian Transaction Reports and Analysis Center (AUSTRAC) had announced since 2018 the implementation of robust regulations for exchanges, the companies now operating within the country have already become accustomed to strict rules for identify and verify users, maintain records, and report AML/CFT fully aware of the criminal charges and financial penalties.

Aside from its strict compliance with the AUSTRAC requirements, AussieCoins provides an innovative approach to Bitcoin exchange operations, wanting to have a meaningful impact on increasing the number of new individuals that want to join this still-growing trend.

With hundreds of different exchanges registered in Australia, AussieCoins had been motivated by the increased competition and used this to take BTC exchange to a whole new different level. This happens because customers pay what is quoted at the time of the exchange, without any surprises.

By integrating fees in the prices displayed on the platform, a new simple and fast exchange method is being enabled, an important requirement in a market that continues to be highly volatile.

AussieCoins supports some of the most common payment methods in the country, like POLi or PayID, customers can deposit AUD within minutes and lock in the best Bitcoin rate. In combination with the simplicity of its platform, buying Bitcoin for cash thus becomes a very fast process, without delays or inconveniences.

As long as Bitcoin will continue to be one of the best

cryptocurrencies in the world, the services provided by registered exchanges will be of great value for people that want to join an industry that from many experts’ point of view, still has a lot of room to grow. Access to competitive market rates and no hidden fees or commission, all integrated into a user-friendly web platform, are the main reasons why the registered exchanges continue to benefit from new customers in 2020.

People living in Australia are blessed with some of the best conditions for cryptocurrency exchange, let’s hope we will see more regulatory framework done in the direction, that is definitely something the public will want to see.