Australians can now purchase cryptocurrency with their daily paper or lotto ticket after an online service launched in-store purchases of Bitcoin and Ethereum in 1200 newsagents across the country.

The minimum purchase is $50 — and all you need is cash, a phone number and email address.

It’s the first time Australians can buy Bitcoin over the counter with cash, facilitated by bitcoin exchange bitcoin.com.au.

A 4 per cent fee applies to every transaction, which the exchange says is the lowest fee in Australia.

Bitcoin was today trading at $US11,000 ($14,158).

 Bitcoin prices over the past week.
Bitcoin’s price over the past week. Source: Coindesk

The service has been rolling out since 2016, with Ethereum added to the offering as a means of a lower cost entry point.

Buyers just need a digital wallet — the rest is as simple as an ordinary newsagent transaction.

Bitcoin.com.au chief Rupert Hackett told 9Finance selling through a physical story allowed for the service to gain the trust of consumers.

“When your product is totally digital it can be hard to gain trust from consumers because there’s no tangible product being handed over,” he said.

“The fact that you can now buy Bitcoin and Ethereum from the same place you purchase soft drinks and stationery really speaks to how institutionalised cryptocurrency has become.”

So much so, you can even check where your local participating newsagent has on an interactive map.

Here’s a recent list of ASX-listed small caps with exposure to cryptocurrency or blockchain (prices current at Feb 26):

ASX Code Name Change this year (Dec 22-Feb 26) Price Feb 26 Market Cap
MTL MANALTO 0 0.007 (suspended) 21790000
BPG BYTE POWER GROUP 0 0.009 (suspended) 27600000
ICI ICANDY INTERACTIVE 0 0.16 (suspended) 12100000
TTL TRANSCENDENCE TECHNOLOGIES 0.772727272727 0.039 6601385.5
ZYB ZYBER HOLDINGS 0.857142857143 0.026 16850044
ACL ALCHEMIA 0 0.012 3896683.5
8CO 8COMMON 0.830985915493 0.052 6552430.5
SHO SPORTSHERO 0.9 0.19 46655628
TB8 TIANMEI BEVERAGE GROUP CORP 0 0.13 23400000
LNU LINIUS TECHNOLOGIES -0.103448275862 0.13 107839016
FFG FATFISH INTERNET GROUP -0.142857142857 0.06 26822372
FGF FIRST GROWTH FUNDS 0.375 0.022 25099492
KYK KYCKR 0.588235294118 0.27 29308992
S3R SERPENTINE TECHNOLOGIES 0.125 0.009 6264865
DCC DIGITALX -0.333333333333 0.23 106632416
PIL PEPPERMINT INNOVATION 0.222222222222 0.022 21699330
RFN REFFIND -0.266666666667 0.022 11341000
MBM MOBECOM -0.3125 0.275 50081152
YOJ YOJEE -0.22641509434 0.205 164999600
OOK OOKAMI -0.310810810811 0.051 15899131
CCA CHANGE FINANCIAL 0.298780487805 1.065 85066432
NOV NOVATTI GROUP -0.191780821918 0.295 39871804
GTG GENETIC TECHNOLOGIES 0.166666666667 0.014 34093960
CHP CHAPMANS 0.444444444444 0.013 13250000
TSN TRANSACTION SOLUTIONS INTERN 0 0.01 23386144
PCH PROPERTY CONNECT HOLDINGS -0.333333333333 0.002 2165807.25