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On Binance Australia, purchasing one Bitcoin using Australian dollars allows buyers to acquire it at a price equivalent to $22,000. However, the challenge lies in transferring the funds to the platform in order to make the purchase.Traders are hurrying to convert their cryptocurrency holdings into Australian dollars as the deadline for AUD bank withdrawals approaches. The withdrawal option is scheduled to close on June 1 at 5pm local time, prompting a rush among traders to cash out.Binance Australia had previously announced on May 18 that it would suspend Australian dollar services due to a decision made by its third-party payments provider.Following the suspension of bank transfer deposits, Binance Australia has allowed withdrawals using PayID until June 1 at 5pm local time. However, the exchange has issued a warning to its Australian clients that any remaining Australian dollars (AUD) on the platform after May 31 will be automatically converted into USDT (Tether). This notification indicates that users should take action to manage their AUD holdings before the specified date to avoid automatic conversion.Read Full Article Here: <a href="https://cryptosheadlines.com/binance-australia-fiat-ramp-closure-leads-to-bitcoin-selling-5k-cheaper/" rel="noopener noreferrer nofollow">https://cryptosheadlines.com/binance-australia-fiat-ramp-closure-leads-to-bitcoin-selling-5k-cheaper/</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

Binance Australia Fiat Ramp Closure Leads to Bitcoin Selling $5K Cheaper

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