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A Guide to Buying Crypto with your SMSF Account in Australia (2021)

Frequently asked questions on whether you can buy crypto with your SMSF and which exchange is the safest to get started.

Tanya Chen

Editor at Buy Bitcoin Finder

Crypto SMSF Investing in Australia

Everyday thousands of Australian’s are utilising their Self Managed Super Funds (SMSFs) to invest in Bitcoin and other cryptocurrencies. This becoming an attractive option to invest in Bitcoin and crypto due to the taxation benefits that are provided with SMSF accounts

Can I buy crypto with my SMSF?

Yes you can. Pursuant to the Australian Taxation Office (ATO), any SMSF is allowed to invest in any crypto (eg Bitcoin or Ethereum).

However, SMSFs are only permitted to use Australian cryptocurrency exchanges that are regulated by AUSTRAC and relevant Australian financial authorities.

What is the Best Crypto Exchange for SMSFs in Australia?

We recommend CoinSpot as the safest and easiest way to create an SMSF Crypto account in Australia. They offer over 290 different cryptocurrencies to invest in with low trading fees.

Their web platform also offers friendly and local SMSF account support to assist users with onboarding, making it easy for those new to crypto investing.

Where do I store my Crypto for my SMSF account?

It is recommended that you store your SMSF Crypto on the exchange that you bought it from. For example, if you buy Crypto with your SMSF via CoinSpot - you can store it safely on the CoinSpot Managed Wallets.

If you move your SMSF crypto around too much, it can become a burden when

Australian Cryptocurrency Exchange CoinSpot
Fiat Currencies
Australian Dollars (AUD)
Bitcoin, Ethereum, Cardano (ADA), Vechain, Litecoin, AAVE, Yearn Finance, Uniswap, Sushiswap and many more.
Trading Fees
0.1% - 1%
Deposit Methods
PayID/Osko, SWIFT, EFT, POLi via an SMSF Account
Visit CoinSpot