The Australian Post Office begin offering Bitcoin exchange for Australian Dollars

Bitcoin.com.au partnered with the Australia Post, one of the country’s oldest and most trusted organizations. This collaboration allowed Australian residents to purchase Bitcoin effortlessly at over 3,500 national post offices.

Customers would start by visiting the Bitcoin.com.au website. There, they could place an order for Bitcoin ranging from $5 to $50,000. After placing the order, users received a wallet address—a crucial component of any bitcoin transaction. This address allowed them to receive the purchased bitcoins into their existing bitcoin wallet.

Bitcoin.com.au collected and verified identification information via Australia Post’s Digital ID service. This step ensured compliance with Australian government regulations. Once users had set up their bitcoin wallet, created a Bitcoin.com.au account, and had their ID verified, they could visit any of the 3,500 Australia Post branches. There, they could make payments using EFTPOS or cash. The process was straightforward and typically took only a few minutes. Users also received email confirmation, allowing them to track the transaction on the blockchain.
 

The collaboration aimed to promote Bitcoin to a broader audience, including established businesses and organizations in Australia. For many first-time buyers, paying for Bitcoin at an Australia Post office felt safer than transferring funds online.