broker review
AussieCoins Review
General Information
A website owned by SITA Global PTY LTD, aussiecoins.com.au is currently a Bitcoin-only exchange platform designed especially for the people of Australia. The mother company is incorporated in Surry Hills NSW 2010, Australia and at the same time, it is registered with AUSTRAC, as the local law requires it.
Because it comes with several notable features, we’ve decided to provide you with this AussieCoins Review. We hope it will help you with valuable information about the brand, in case you are looking for a reliable cryptocurrency exchange. Why should you work with AussieCoins? Here are just some of the most important reasons.
Services and Cryptocurrencies Supported
The AussieCoins services are targeted for Australian residents and if you live outside the country, you won’t be able to use them. For now, the exchange has support for Bitcoin and you are only able to buy in exchange for fiat (AUD). According to the information provided by the brand, it aims to gradually broaden its crypto assets over time.
This platform is designed in a simple way and it does not matter if you don’t any have prior experience with crypto. The user interface is very simple and with only a few clicks, you can get everything done.
To get started, you only need to open an account, complete the Client Questionnaire, upload a photo/scanned copy of your driving license, and your good to go. Only for larger purchases, AussieCoins requires proof of ID and residence.
Up until now, AussieCoins customers had shown deep satisfaction with the services, because they are simple, all in one account, competitive, and flexible. There are few other options to buy BTC in these advantageous conditions via a registered exchange. If you want to enjoy industry-leading security, support, and deposit options, this might be the right choice for you.
Payment Methods and Fees
To make a deposit, you can either use a PayID/POLi Payment or a wire transfer, the former gets processed instantly, while the latter could take up to a few business days, depending on the banks involved. The option for BPAY Payments will also be available soon.
For crypto withdrawals, you will need to provide your BTC wallet address and AussieCoins will send the tokens once the transaction is settled.
When it comes to the AussieCoins pricing, we must take note that the exchange does not have any hidden fees or commissions. You will only pay what you are quoted for since the fee is already calculated into the BTC rate displayed at the time you want to make the exchange. In terms of the actual fees, AussieCoins has an 11.8% fee for POLi Payments/PayID purchases and an 8.8% fee for wire transfers.
Deposits can be made only in Australian Dollars and the minimum amount required is 200 AUD. Once you complete the Client Questionnaire, the maximum amount to fund your account will be raised to 5,000 AUD. To enjoy the exchange services, you must get verified. In only takes a driving license and you’re good to go. Also, for wire transfer deposits, AussieCoins does not have any limitations, no matter the account or verification status.
Customer Support
Australian residents benefit from the local support of AussieCoins. The exchange keeps close touch with its audience via email and a live chat feature available 24/5. It does not matter if you need information about their services, you are experiencing a technical difficulty, or you want to verify your account faster. Representatives are always there to help and will provide anything you need. Based on our analysis, the AussieCoins support benefits from very high ratings.
Summary
Based on our analysis, AussieCoins is an exchange you can work with at any point, due to its transparency and reliability. If you are interested to buy Bitcoin via a simple and convenient platform, then this might be the right pick.
Unfortunately, as we’ve highlighted in our review, you can only use the services if you are a resident of Australia. That happens because the mother company of AussieCoins is only registered with AUSTRAC. All in all, our conclusion is very positive and this is a trusted exchange. Have you already used the AussieCoins services? Share your thoughts in the comments section below!
AussieCoins Review
Product Name: AussieCoins
Product Description: aussiecoins.com.au is currently a Bitcoin-only exchange platform designed especially for the people of Australia
Brand: AussieCoins
Currency: AUD
Offer URL: https://aussiecoins.com.au/
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Ease Of Use
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Design
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Scalability
Summary
Because it comes with several notable features, we’ve decided to provide you with this AussieCoins Review. We hope it will help you with valuable information about the brand, in case you are looking for a reliable cryptocurrency exchange. Why should you work with AussieCoins? Here are just some of the most important reasons.
Pros
- AussieCoins is a trusted brand, registered with AUSTRAC, and operating based on a transparent business model.
- The exchange provides competitive Bitcoin rates for its customers.
- Reliable customer support services, available 24/5 via email, and live chat.
Cons
- Only Australian residents can benefit from AussieCoins services.
- Limited cryptocurrency coverage at the time of writing (only BTC).
- Long processing time for wire transfer transactions.
