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What are the best ways to buy Bitcoin in Australia ?For explanation, geoinvesting cannabis screensavers confirm. And
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What is verification? All customers buying cryptocurrency in Australia will need to complete a once-off verification with their cryptocurrency provider following new regulations implemented from April 1, This regulation aims to stop terrorism financing and money laundering.
The information that is shared with our verification provider is only used for verification purposes. Your information The information stored securely and encrypted and is only used for verification purposes. To be verified you will need to provide an ID document Passport, drivers licence or medicare , and a residential address. How to be verified After creating an account on Independent Reserve , you will be taken to the identity verification page to fill out your verification details.
You will also need to upload or take a photo of your ID document. After you have reviewed your details and supplied your ID document it should normally take seconds to verify your details, but may take up to 1 day. The personal details you share with Independent Reserve are only user for verification purposes. In other words, users should expect to pay capital gains tax since their newly-purchased bitcoin can be easily traced to their digital ID.
Nevertheless, this has not stopped Australians from buying bitcoin as the number of cryptocurrency holders has nearly tripled since the beginning of Therefore, Australia Post, which services Would you use Australia Post to buy bitcoin? Let us know below!
For updates and exclusive offers enter your email. Sign Up I consent to my submitted data being collected and stored. Leave this field empty if you're human: Allen Scott Allen is the editor-in-chief at Bitcoinist. He has a background in journalism and economics and had his Bitcoin "Aha! He has interviewed some of the most prominent experts, entrepreneurs and thought-leaders within the cryptocurrency space.
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