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Bitcoin has surged to another record racing towards the 80,000 AUD

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  • Bitcoin hit a record $US60,000 ($77,402) on Saturday, marking a 1,000% gain in the past year.
  • The cryptocurrency has benefited from institutional support and fiscal stimulus.

Bitcoin surged as high as $US60,000 ($77,402) for the first time on Saturday, lifting its price increase over the past year to more than 1,000%.

The cryptocurrency, which boasts a market capitalization of more than $US1.1 ($1) trillion, has been buoyed by investor optimism. President Joe Biden signed a $US1.9 ($2) trillion pandemic-relief bill into law on Friday, which will lead to $US1,400 ($1,806) stimulus checks being distributed to millions of Americans, fueling hopes that the market boom will continue.

Buy/Sell cryptocurrency in Australia

Coinspot is one of Australia’s leading  cryptocurrency Exchanges and is perfectly suited for new to intermediate cryptocurrency buy sell trades or exchange.

CoinSpot was founded by Russell Wilson in 2013 as one of Australia’s earliest cryptocurrency exchanges and currently headquartered in Melbourne. They currently offer the most complete list of cryptocurrencies in Australia, and it now has hundreds of different coins available.

Pros

  • A local cryptocurrency exchange headquartered in Australia
  • Allows users to buy directly in AUD
  • Low and no fee deposits and withdrawals
  • User-friendly interface
  • Wide selection of cryptocurrencies
  • Compliant with AML/CTF laws
  • Withdrawals can be made directly to your nominated bank account

Cons

  • Lacks advanced trading features
  • Rates may vary, so it’s important to check before you trade to see how much you’re paying

Coinspot is designed to be easy to use, accessible and user-friendly for both beginners and experienced cryptocurrency enthusiasts.

You will need to open an account and deposit funds into the account before you can trade. Deposits can be made via:

  • BPAY
  • Cash
  • POLi (Normally takes seconds to complete via any of the leading banks)
  • PayID
  • Bank transfer (Direct Deposit)

Withdrawals can be made directly into your nominated bank account.Click here to open an account with Coinspot now

Click here to open an account with CoinSpot now

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