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
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.
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.
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
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