VIBCGAustralian crypto evidence
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DatasetBinance

Verified exchange record · en-AU

Binance Australia: entity, eligibility and fee evidence

Deep global liquidity; local AUD funding availability for Australian users must be confirmed in-account.

Investbybit Pty LtdVerified 2026-09-030 sources3 regulatory entries
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Verified and edited by VIBCG 数据台 Evidence tier: official-source verification (no real-account testing) Change log

Assessment

What this record concludes

AUSTRAC VASP

Summary

Binance's Australian spot service is provided by Investbybit Pty Ltd, which holds an AUSTRAC VASP registration. The entity name comes from the TravelbyBit lineage and is unrelated to the Bybit exchange, a point frequently confused in secondary sources. Spot accounts are open to Australian residents and the order-book depth is the deepest of any platform compared here, but this record takes a conservative position on two points: local AUD bank funding is not treated as a confirmed calculable route, and the card route is confirmed to exist but is priced only at the account checkout, so it does not enter the cost ranking. AUSTRAC also ordered the entity to appoint an external auditor in August 2025, which this record discloses.

Australian legal entity
Investbybit Pty Ltd
Registration
AUSTRAC VASP · registered
Retail spot eligibility
Supported, subject to identity verification
Last verified

Best suited to

  • Holders who already own crypto and plan to transfer in and trade on-platform
  • Traders who care about spot market coverage and order-book depth rather than a local fiat rail
  • People willing to confirm their real cost at the account checkout before committing

Watch out for

  • Local AUD bank funding is not treated as a confirmed route here; that is this site's conservative call, not proof the feature is unavailable
  • Full card pricing must be read from the live account checkout, and no fixed rate is invented in its place
  • Transfers from an external wallet still incur a network fee paid by the sender, excluded from on-site cost
  • AUSTRAC ordered the appointment of an external auditor in August 2025 over AML/CTF compliance controls
  • The Australian derivatives business ran through a separate entity, Oztures Trading Pty Ltd, whose AFS licence was cancelled in 2023 and which was penalised A$10 million in 2026

Why this record differs: This record separates "route confirmed" from "cost calculable" as two independent states, so a dynamically quoted route is neither dismissed as unavailable nor dressed up as a fixed rate inside a ranking.

A$1,000 into USDT

Funding routes and indicative cost

Every route is priced against the same A$1,000 scenario so the comparison is like-for-like. These are estimates for route comparison, not quotes.

Methodology

Crypto transfer in

Confirmed and calculable
$2.00 indicative total cost
Deposit fee published
0.00%
Trading fee published
0.10%
Spread our estimate
0.10%

1,000 × (0.00% + 0.10% + 0.10%) = $2.00

Check the fee source

Components marked published come from the first-party source linked on each route; the spread is our conservative estimate, not a measurement. The full working is printed so you can recompute it from the published inputs — if you get a different number we are wrong, so please tell us. Price movement, account tiers, card issuer charges and on-chain withdrawal fees are excluded. Where a route is confirmed but priced dynamically, no number is invented in its place.

Structured record

Machine-readable fields

The same values served by the JSON API, with stable field names and explicit verification dates.

Record slug
binance
Australian legal entity
Investbybit Pty Ltd
Registration label
AUSTRAC VASP
Registration status
registered
Jurisdiction
Australia (AU)
Product scope
Retail spot
Retail spot eligibility
Eligible subject to identity verification and account-specific restrictions
Indicative cost, A$1,000 via bank transfer
Not treated as a confirmed calculable route
Evidence tier
Official-source verification. This site publishes no real-account transaction evidence and never presents the two as equivalent.
Last verified

Regulatory record

Regulator actions and reported incidents

Published for every platform regardless of where it ranks on cost. This section never feeds eligibility or cost conclusions.

  1. ASIC / Federal Court

    Derivatives entity ordered to pay a A$10 million penalty

    Entity: Oztures Trading Pty Ltd (Binance Australia Derivatives)

    The Federal Court ordered Oztures Trading Pty Ltd to pay a A$10 million penalty over client-classification and onboarding failures that caused losses to Australian clients. Again this concerns the derivatives entity, not the spot entity compared on this site.

    ASIC: 26-055MR Binance Australia Derivatives ordered to pay $10 million penalty for onboarding failures

  2. AUSTRAC

    AUSTRAC ordered the appointment of an external auditor

    Entity: Investbybit Pty Ltd

    AUSTRAC required Binance's Australian entity to appoint an external auditor over anti-money-laundering and counter-terrorism-financing compliance concerns. The measure targets compliance controls and does not change the current spot registration status, but it is a material supervisory signal.

    AUSTRAC: AUSTRAC orders audit of global crypto exchange

  3. ASIC

    AFS licence cancelled for the derivatives entity

    Entity: Oztures Trading Pty Ltd (Binance Australia Derivatives)

    ASIC cancelled the Australian financial services licence held by Oztures Trading Pty Ltd (Binance Australia Derivatives). That is a separate legal entity from the spot business this site compares, which is operated by Investbybit Pty Ltd. It is listed here so readers do not conflate the two entities.

    ASIC: 23-091MR Binance Australia Derivatives – AFS licence cancelled

Disclosure only. This is not a conclusion about the platform's current compliance standing and not legal advice. The regulator's own publication governs the facts.

Questions

Binance Australia: common questions

1Which company operates Binance in Australia?

Spot services run through Investbybit Pty Ltd (ABN 98 621 652 579), trading as Binance Australia and registered with AUSTRAC as a digital currency exchange provider. Despite the name, the entity originates from the Australian TravelbyBit group and is unrelated to the Bybit exchange. A separate company, Oztures Trading Pty Ltd, traded as Binance Australia Derivatives.

2Why is Binance excluded from the AUD bank transfer cost ranking?

Because the first-party evidence currently verified is not sufficient to confirm a stable, reproducible local AUD bank funding path. The rule applied across this site is that a route which cannot be confirmed from primary sources gets no precise cost and no ranking position. That is a conservative treatment rather than a claim that the feature does not exist.

3What did AUSTRAC require from Binance Australia?

In August 2025 AUSTRAC required Binance's Australian entity to appoint an external auditor over anti-money-laundering and counter-terrorism-financing compliance concerns. It is a supervisory measure directed at compliance controls and did not change the entity's registration status. It is disclosed here because it is material to a reader's risk assessment.

Evidence trail

First-party sources

Facts come from regulator records, exchange help centres and published fee pages, each with its own verification date.

2026-09-03
Edited and verified by the VIBCG Data Desk

Eligibility, funding documentation and fee schedules are normalised into one A$1,000 scenario, with published rates, conservative estimates and account-dependent items kept visibly distinct. What you can check independently: the dated first-party source behind every field (below), a calculation reproducible from published inputs, and a change log that retains superseded values. Corrections are welcome via the contact page.

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