What are AUD Pairs?
Trading pairs refer to two digital assets that can be traded directly on a digital currency exchange, i.e. one asset is exchanged or ‘traded’ for another. AUD Pairs allow you to trade a digital asset with the Australian dollar directly. Examples of AUD pairs include BTC/AUD, ETH/AUD and BNB/AUD.
AUD trading pairs can be a straightforward way for cryptocurrency investors to enter the market using Australia Dollars they currently hold in an Australian bank account.
Users are currently able to trade 20 AUD pairs on Binance in Australia. Australian Binance users can deposit AUD into their account without incurring any fees, using PayID or Osko directly in the app.
How to Trade AUD Pairs on Binance
To get started, simply create an account and complete the identity verification process. Now you’re ready to start buying, selling, or hodling over 600 cryptocurrencies on Binance using Spot Trading.
1. Sign in to your Binance account. Select [Trade] on the main menu bar and click [Spot].
2. On the trading interface, scroll down until you’ve reached the buying section to purchase the desired cryptocurrency.
3. Put in the price and amount you wish to buy, then click [Buy] to finalize your order.
Purchase Your First Crypto With Binance in Australia
Creating a Binance Account is the first step to purchasing crypto in Australia using AUD. To start building your crypto portfolio, make sure you verify your account by following the instructions after account creation. Once your account is setup, users are able to buy, sell, and hold over 600 cryptocurrencies on Binance. Remember to DYOR (Do Your Own Research) before making any investment decisions. Users should be familiar with a currency and the risks associated with trading digital assets before committing to any investments.