- Australians can now buy crypto on Binance using their AUD balance via Apple Pay and Google Pay.
- Some users reported a delay in the approval of the crypto purchases, while others complained about hefty fees.
- Banks like CBA and Westpac may have closed their doors to Binance with the ongoing lawsuit.
Crypto exchange Binance now allows Australians to buy crypto using their Australian dollars (AUD) once again. According to the exchange’s Twitter post, this can be done via Apple Pay and Google Pay — two popular payment methods in the country.
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However, Aussies reported that some purchases using the above-mentioned payment options have been delayed. Others, meanwhile, commented on their dissatisfaction with the available payment solutions, citing hefty charges compared to previously-favored payment options such as PayID.
Aussies have been heavily affected by the closure of AUD deposits on the exchange since last month, as the country heavily depends on wire payments for their daily transactions.
What is more, Commonwealth Bank of Australia (CBA), arguably the largest bank in the country, is limiting deposits to crypto exchanges to AUD 10,000 per month. CNL reported earlier this month that while CBA did not put up a list of exchanges where it is applying the said monthly limitation, some customers already noticed a delay in their purchases on Binance.
Prior to CBA’s crypto purchase limitations, Westpac, another prominent banking firm in Australia, closed its doors to the Australian exchange of Binance. Given that the ongoing Binance lawsuit may take years to find its resolution, Australian banks may continue to treat crypto harshly in the coming months.
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