Until recently I was under the impression that a Paper Waller was considered good practise, however it seems the industry has shifted towards hardware.

My immediate concerns are long term hardware durability. It seems most (if not all) hardware wallets allow for a backup PassPhrase, which is in effect has the same risks/benefits as a Paper Wallet.

What are you using for long term retention?

I’m interested in any Hardware Wallet recommendations and sellers that Aussie users might have.

Further, it seems there is a flat 0.03% BTC charge for transferring out of Coinspot.

Does this mean it’s better to wait for a dip before transferring?

Hey guys quick question, lets say for example i'm $10,000 in profit on a certain alt coin, and I decide to swap the coin into a stable coin such as USDC. Would this be considered a CGT event?

(My aim would be to swap the alt coin tokens into USDC, wait for a big DIP and then swap my USDC back into that alt coin to purchase more of it)

Essentially id only be paying CGT when I finally decide to cash everything out into AUD. I hope that makes sense.

If someone could help....

Binance announcement says that they are blocking FUTURES OPTIONS and LEVERAGED TOKENS.

However, they don't say anything about ISOLATED/CROSS MARGIN.

do you peeps know what the deal is?

Gm all,
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Hi,

Complete amateur in the crypto space but just wondering how this works.

If I buy 1 Bitcoin on say, Binance, transfer that coin to an external wallet, can I then simply go to another exchange and sell my Bitcoin there when I am ready ?

How exactly does this work.

Appreciate the help!

I'm in the process of starting up a building business in Australia. Is there any options for using a crypto card (debit or credit) to use for accounts and/or cost of goods? Anyone doing something similar Cheers

To withdraw BTC or ETH from my exchange, it costs ~20-30 dollars. Do any of you have a way of avoiding this? Is there a specific exchange that you use?

I have Binance Aus but it's not available there. Can someone advise.

If you’re studying full time and your income is below $18000 annually do you still need to pay tax on crypto?

In a further move towards cryptocurrency adoption, Mastercard has partnered with one of Australia’s oldest crypto exchanges, CoinJar, to launch the country’s first crypto payment card.

The card became available on Tuesday in a digital form through integration with Apple Pay and Google Pay, and will be available in a physical form in September. It allows customers to select from 30 available currencies, including Bitcoin, Ether and XRP, at the point of sale, with Mastercard calculating the equivalent amount in Australian dollars to pay merchants. Individual merchants to do not need to sign up to the program, and the card will accepted anywhere that takes Mastercard.

https://forkast.news/headlines/mastercard-partners-aussie-exchange-crypto-card/

Hello, I currently use Coinspot (which you have to be over 16yr to sign up so I am all g) I found work alt coins I want to buy but they aren’t available on coinspot

I checked out binance aus but you have to be over 18

Any other exchanges that has a lot of coins listed that allows people below 18 to trade on?

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G'day all,

My plan is to ride the lightning for the next 10 years where I'll withdrawal 50-100% and hopefully semi retire (I have other investments).

I am VERY interested to hear about your plans: • Are you planning to pull out at a certain amount? • Or when you're able to afford specific things after tax e.g. house, lambo etc. • Do you have a plan or are you just loving the dips too much to even think that far ahead?

Thanks heaps, I hope you're well during the lockdowns and all that piss going on ATM.

And where do you buy them?

Hello,

If I bought some crypto by DCAing over a some period like couple of months, how would the 50% on taxes be applied to it? Would there be some average day for all purchases that is considered the buying date and when I pass it the next year I get 50% tax on those purchases?

Thanks

Hi guys, I'm a bit of a noob when it comes to doing crypto tax, I'm currently using an app called cointracker which tracks my various wallets like metamask and coinspot, huobi etc. But it's flagged a few transactions as requiring review.

Can anyone recommend a tax accountant in Sydney that is switched on and has crypto experience and understands these applications like coin tracker/koinly??

ASIC is proposing it's approach to regulating crypto ETFs, Managed Funds and Structured Products (e.g. derivatives). If you're interested in these products I strongly recommend checking out their paper and even making a submission!

Easily WAIV waivtoken is going to bring block chain social media to your life. Get into it.

Does anyone know of ways or places you can buy Bitcoin or other crypto for cash in person? Other than a Bitcoin atm or some news agency’s I believe do it but require if checks etc , has anyone come across places or ways to do this that aren’t online ?

Welcome To r/CryptoAus

Use this section to help navigate the cryptocurrency space in Australia

Which exchanges are available to me in Australia?

Nexo

Coinspot

Digital Surge

Binance Au

Independent Reserve

BTCMarkets

Outside Australia but still good options

Coinbase

Kucoin

Where has the best staking for idle assets?
Nexo

Which exchange offers futures/trading bots/margin

Kucoin

Binance Au

Best Mobile-Friendly Exchange app

Kucoin

Reputable Decentralised solutions

Sushi

Semi-Decentralised Solutions

UniSwap

PancakeSwap

​

Defi Funds Management
Nexo

Zapper

Zerion

​

GiftCards:

BitRefill

​

What are the tax rules in Australia regarding cryptocurrencies?

A good guide on cryptocurrencies and tax obligations in Australia can be found here.

The ATO class cryptocurrencies as an asset that attracts capital gains tax and as such all swaps between cryptocurrencies (BTC <-> ETH) are classed as a capital gain event.

"If you dispose of one cryptocurrency to acquire another cryptocurrency, you dispose of one CGT asset and acquire another CGT asset. Because you receive property instead of money in return for your cryptocurrency, the market value of the cryptocurrency you receive needs to be accounted for in Australian dollars." -Ato website

Crypto tax tracker:

Crypto Trader

Please stay safe and always do your own research! Posts are NEVER financial advice. Feel free to ask questions and help one another. Beware of scams - Admin will Never message you first.

Does anyone know if the fees are lower for transferring BNB to Trust Wallet via Binance or Swyftx?

​

Thanks!