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CRYPTO EXPLOSION IN AUSTRALIA: OVER 400 NEW CRYPTO ATMs IN 2025!
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Australia is going "big" by adding over 400 cryptocurrency ATMs starting in early 2025, bringing the total number of machines to 1,821 (according to Coin ATM Radar)!
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Maintaining its position in the top 3 globally after the US and Canada, Australia is turning Sydney, Melbourne, Brisbane, and Perth into vibrant crypto trading hubs!
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HOT NEWS YOU NEED TO KNOW:
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Massive growth: From 1,385 machines at the beginning of the year, Australia has installed over 400 machines in just 5 months!
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Ultimate convenience: Use cash to buy Bitcoin, Tether, Ethereum, or withdraw from crypto wallets. Nearly 150,000 transactions/year, total value of 275 million AUD (180 million USD)!
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Beware of scams:
AUSTRAC tightening: Transaction limit of 5,000 AUD (~3,250 USD), requiring KYC to combat money laundering.
Users have lost 3.1 million AUD (~2 million USD) due to scams via ATMs, particularly targeting those over 50 years old.
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Bright future: Bitcoin Depot predicts Australia will see thousands more ATMs in the coming years!
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Significant meaning: With 31.6% of Australians owning crypto/NFTs, cryptocurrency ATMs are meeting the surge in trading. But be cautious: avoid messages/calls requesting money transfers via ATMs – 99% are scams!
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Advice: Always check carefully, enable 2FA for wallets, and only use reputable ATMs. Have you tried trading via crypto ATMs? What do you think about this wave in Australia?
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