Bitcoin Madness!
How Bitcoin made Australians go a little bit mad!
In the past few years, Bitcoin has become insanely popular in Australia. So much so, that there are now Bitcoin ATMs in major cities across the country. This article will explore some of the reasons why Bitcoin has become so popular in Australia, and how it is affecting the economy. We’ll also talk a little bit about our Bitcoin Madness raffle that’s currently running!
When did Bitcoin first come to Australia?
Bitcoin was first used in Australia in 2013 when a Bitcoin trading platform called Bitcoin Market was launched. Bitcoin Market allowed people to buy and sell Bitcoins using Australian dollars.
Bitcoin's popularity in Australia has grown since then. In 2016, the number of Bitcoin users in Australia doubled. And in 2017, the number of Bitcoin ATMs in Australia increased from 29 to 105.
The value of Bitcoin has made Australian investors and tech enthusiasts take note. This has led to Bitcoin becoming more mainstream in Australia, with businesses starting to accept Bitcoin as payment, and even the government taking an interest in Bitcoin and other digital currencies.
Who are the biggest promoters of Bitcoin in Australia?
Of course, the fact that Australian sporting, media and tech personalities have also been spruiking Bitcoin has led to a surge in popularity.
Individuals such as Bitcoin trader Bitcoin Babe, Bitcoin entrepreneur Zhenya Tsvetnenko and Bitcoin investor James Gilbert have all helped to promote Bitcoin in Australia. As have sports stars like basketballer Matthew Dellavedova, who went on to write a Bitcoin education book, and AFL player Nick Dal Santo, who has spoken about Bitcoin on TV.
Then there are the TV personalities such as Waleed Aly, Andrew Denton and Alan Jones, who have all talked about Bitcoin on their popular TV and radio programs. Even Karl Stefanovic from Channel Nine's Today Show has given Bitcoin a mention.
With all of these Bitcoin promoters in Australia, it's no wonder the cryptocurrency has become so widespread down under!
Why is Bitcoin so popular in Australia?
Taking this all into account, it's easy to see why Bitcoin has become so popular in Australia.
With a population that is comfortable with technology and a government that is friendly to Bitcoin, it's no wonder that the cryptocurrency has taken off in the country.
Let's not forget either that Australia is a resource-rich country, and Bitcoin can be used to buy and sell commodities easily. All of this comes together to make Bitcoin a very attractive option for Australians. Throw in the fact that famous Australians, online casinos and big businesses have adopted Bitcoin, and it's no stretch of the imagination to see why Bitcoin has bloomed.
Of course, Australia is still a little way away from Bitcoin becoming truly mainstream. The ATO recently announced that Bitcoin will be taxed as an asset, meaning that there will be implications for those who trade it.
The government has also suggested that Bitcoin regulation may be on the cards, although nothing concrete has been announced yet.
Nonetheless, Bitcoin is well on its way to becoming a staple in the Australian economy, and it's only a matter of time before it’s fully embraced by the country.
What are the biggest benefits of using Bitcoin in Australia?
If you're thinking about using Bitcoin in Australia, there are a few things you should know. Bitcoin is still a relatively new technology, but there are plenty of benefits to using it. Here are some of the biggest advantages of using Bitcoin in Australia
1. Bitcoin is a fast and easy way to transfer money
The number one reason why you should use Bitcoin is that it's a fast and easy way to transfer money. If you're sending money overseas, Bitcoin is a great option because it's quick and has low fees. Also, if you want to top up your online casino account then Bitcoin is a great option.
Not only will it ensure that you spend less time fumbling around with bank account transfers, but you can also withdraw your winnings from your account faster.
2. Bitcoin is secure and has never been hacked
If security is a priority for you when it comes to online transactions, then Bitcoin is the coin for you. With a strong emphasis on security, Bitcoin has never been hacked. The decentralised nature of the blockchain makes it virtually impossible to corrupt, and all transactions are verified by the network before they are approved.
While other cryptocurrencies have experienced hacking scandals in the past, Bitcoin has always remained secure. This is one of the main reasons why Bitcoin is such a popular choice among investors and traders. If you're looking for a safe and secure way to invest in cryptocurrency, then Bitcoin is the perfect choice for you. With a strong emphasis on security, you can rest assured that your investment is safe with Bitcoin.
3. Bitcoin transactions are anonymous and confidential
Nobody likes to have their personal details exposed.
With Bitcoin, transactions are made without revealing your identity. In addition, all transactions are confidential and no third party has access to your personal information – this makes it the perfect currency for those who value their privacy.
Bitcoin is also a great option for online shoppers as it eliminates the risk of credit card fraud. When you make a purchase with Bitcoin, the transaction is processed directly between the buyer and seller.
There is no middleman involved, which means there is no chance of your personal information being compromised.
How can I participate in Fair Go's Bitcoin Madness promotion?
Well, mates... have we convinced you that Bitcoin is the way of the future? If you're ready to get on board, we've got some good news for you! Our Bitcoin Madness promotion is currently live, which means that you can start earning some serious casino cash prizes just by making a few simple Bitcoin deposits.
Here's how it works
For every deposit you make with Bitcoin in May, June and July, you'll be entered into a raffle. That's right - every deposit counts as a new ticket, so the more deposits you make, the more chances you'll have to win the grand prize.
And what is the grand prize, you ask? $1,000 in cold hard casino cash for the lucky 50 depositors during these months. This means that even if you don’t come first, you can still walk away with some extra spending money.
What's more, all promo emails will include awesome Bitcoin deposit bonuses that will be too good to pass on. So make sure you keep an eye on your inbox and take advantage of these offers while they last.
Hurry up and start making those deposits - you don't want to miss out on this promotion.
