Share this article
Postal Service Customers in Austria Can Now Buy Bitcoin, Ether and More
Österreichische Post is now offering its Austrian customers a simple way to buy cryptocurrencies including bitcoin, ether and litecoin.
By Wolfie Zhao
Updated Dec 12, 2022, 12:43 p.m. Published Jul 13, 2017, 12:00 p.m.
Austrian postal services provider Österreichische Post has confirmed it is now offering offline exchange trading for bitcoin, ether, dash and litecoin in a collaboration with Bitpanda, a Vienna-based cryptocurrency exchange.
Bitpanda first announcedhttps://www.bitpanda.com/togo/en the service on July 11, and Österreichische Post later confirmed the news in an email with CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As a result of the partnership, customers are now able to purchase €50, €100 and €500 vouchers at 400 official branches of the postal company, as well as its 1,300 partners across the country. The vouchers can then be redeemed for cryptocurrencies through Bitpanda's online platform.
Bitpanda co-CEO Eric Demuth said that the offline transaction fee will be kept at 3 percent, the same as the exchange's online exchange fee, in a hope to push the adoption mainstream.
While such a large partner could be seen as a potential profit driver, both sides did not confirm the exact split of the revenue generated from the offline transactions. According to local news source derStandard.at, Bitpanda is expecting the collaboration to scale up the transaction volume to €200m, which could equal to approximately €6m revenue from transaction fees.
Notably, the new service appears not to require or impose any identity verification. According to Demuth, "An account with a valid email address is all you need."
Vintage post boxes image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
Top Stories
