Wed, 14 Apr 2021

Aussie Coins Review - The Verdict

Brisbane News
01 Mar 2021, 19:37 GMT+10

The massive outperformance of both Bitcoin and Ethereum over the past year continues to be a leading motivation for many people who aspire to take part in the cryptocurrency revolution. Investing in crypto is now an alternative to the diminishing purchasing power of fiat money, given the fixed supply combined with rising demand.

An important role in the process is played by cryptocurrency exchange platforms and our Aussie Coins review will try to highlight some important features of this registered brand, as well as a final verdict on whether it is one of the preferred places for Australian residents to buy and sell crypto.

Crypto Industry Expanding

Worth approximately $1.2 trillion, the global cryptocurrency market has had an impressive run since the first quarter of 2020. Despite recent outstanding performance of Altcoins, Bitcoin and Ethereum still account for more than $900 billion of the market, communicating that the largest tokens in the world are still the most trusted.

Expansion in the industry is benefiting both BTC and ETH, which are trending very close to all-time highs. A strong "network effect", large investments from both institutions and retail players, and developments in terms of crypto-friendly regulations, are all just some of the factors contributing to a steady rise in demand for them in Australia.

Aussie Coins Exchange Overview

Aware of the favorable conditions, aussiecoins.com.au emerged as a cryptocurrency exchange platform promising industry-leading security, flexibility, and competitive rates for both Bitcoin and Ethereum.

Aussie Coins Global is owned and operated by SITA Global PTY LTD., a company registered with AUSTRAC, the main regulatory body in charge of exchange platforms operating within the country. This means the company can provide services of exchanging a virtual currency against fiat with full regulatory compliance.

Addressing people with no background in cryptocurrencies, alongside those who already have the experience, Aussie Coins is built with a very user-friendly interface, also backed by a professional customer support team available 24/5.

Main Features

As an exchange operating in Australia, only residents and residents of the country can sign up for an account at aussiecoins.com.au. The company accepts fiat deposits in AUD only and supports both buying and selling on Bitcoin and Ethereum.

To facilitate faster and safer fiat transactions, Aussie Coins accepts deposits using POLi and PayID, alongside the traditional bank wire transfer. The registration process, as well as conducting an exchange operation, are very simple and straightforward, requiring basic internet knowledge.

There is only one standard account for all customers and a customized web-based interface, part of the exchange's mission to ensure access to its services for all people.

The Aussie Coins buy and sell operations don't carry any hidden fees or commissions. Their exchange costs are calculated into the price quoted at the time a transaction is settled. The market rates heavily depend on volatility, as well as on the exchanges Aussie Coins transacts through.

Even though it is a registered exchange, and legislation imposes AML/KYC requirements, most clients can buy/sell crypto by solely providing a photo of their driver's license. For large transactions, there is a need to provide additional identification documents, like ID or proof of residence.

The Verdict

Registered with AUSTRAC and fully transparent with its services, Aussie Coins is currently one of the best options for buying Bitcoin and Ethereum via a registered exchange. Offering a simple platform, attractive rates, and professional customer support during working days, is what makes the brand client centered.

At aussiecoins.com.au, the people of Australia can find that Bitcoin and Ethereum are no longer strange assets, but rather attractive investment venues that have gradually build up a solid reputation, and now attract funds even from large corporate entities.

(Photo credit: Executium | Unsplash).

Sign up for Brisbane News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!