Frequently Asked Questions
What is Binance Lite?
Is Binance Lite part of Binance cryptocurrency exchange?
Is Binance Lite an exchange?
Where should I store the Bitcoin I just bought with Binance Lite?
Can I deposit cryptocurrencies and withdraw AUD from Binance Lite?
Which digital currencies can I purchase from Binance Lite?
What are the fees?
Can I purchase less than one bitcoin?
How much does one bitcoin cost and where do you base the AUD/BTC rate from?
Why does my wallet show a slightly different AUD balance than what I purchased?
Which bitcoin wallet address formats do you support?
What is a Bitcoin wallet address and where can I find it?
Can I send the bitcoin directly to an exchange?
What if I have entered the wrong receiving bitcoin wallet address?
How long does it take to get my bitcoin?
Do I need to be an Australian resident in order to use this service?
Which payment methods do you support?
Can I still make the cash deposit when my local newsagent store is closed?
What are the minimum and maximum order amounts?
Can someone else deposit the cash on my behalf?
Is there a payment window in which I have to complete the order by?
Will I receive a tax invoice?
Can I get a refund after completing a transaction?
Do I need to verify my identity in order to use this service?
Why is the KYC identity verification step necessary?
What information is required for KYC identity verification?
What should I do if I didn’t pass the KYC identity verification process?
I am living in Australia on a foreign passport, will I still be able to perform the KYC?