Australians have an easier way to buy bitcoin after new exchange launches

The first licensed bitcoin exchange to launch in the United States, has just set up shop in Australia.

Through Coinbase, Aussies can now buy two digital currencies, bitcoin and ether, using their credit or debit cards through the San Francisco-based company. For the moment, the platform won’t allow Australians to sell digital currency, just buy it. 

Founded in 2012, the Coinbase app and site supports digital wallets and digital currency transactions. It also founded the Global Digital Asset Exchange, where bitcoin (and as of May, ethereum) can be transacted. Access to the professional trading platform is also available to Australians.

SEE ALSO: $22 million worth of Bitcoin sold in Australian-first auction

“We have Coinbase, which is for retail investors and for professional traders, we have GDAX,” Ankur Nandwani, product manager at Coinbase, tells Mashable Australia.

Now in 33 countries, Coinbase has no local staff or office. Nandwani said the delayed launch Down Under was simply a matter of getting things right.

“We want to make sure we are regulated and doing everything the right way, so it took some time to figure that out,” he explains. “We did not encounter any substantial regulatory obstacles in accepting customers from Australia.”

Read more ... source: TheBitcoinNews