The Binance exchange is one of the most popular cryptocurrency exchange platforms in the world. It was founded in 2017 by Chinese developer Changpeng Zhao in China. It was then later moved out of China due to cryptocurency regulations in the country. It started with only crypto-crypto pairs trading on the platform. It later added crypto-fiat pairs trading. Binance now supports Australian Dollars (AUD) to trade on the platform.
Binance supports various type of cryptocurency to trade. However, currently there are not much AUD pairs at the moment. The following cryptocurrencies are available to trade with AUD:
Binance is known for having the lowest trading fees compared to other commonly used cryptocurrency trading platform. The trading fees are charged 0.1% for the taker side and 0.1% for the maker side. However, Binance offers 25% discount if you hold BNB and pay the fees with BNB.
Binance accepts various types of payment method to deposit your Australin Dollars (AUD).
Deposit Fees: Binance offers zero-fee AUD Deposits. You don't have to pay any fees when you deposit your Australian dollars (AUD) on Binance. However, if you are buying cryptocurrencies with Credit Card or Debit Card, you will be charged a small fees as low as 1%.
Withdrawal Fees: Binance doesn't charge any fees when you withdraw AUD to your bank. However, if you withdraw cryptocurrencies, the fees applied are varied.