Bitcoin SMSF Investing

Bitcoin, Ethereum and Ripple are some of the most famous Digital or crypto currencies in the world. This emerging asset class is generating a lot of interest due to the following beneficial characteristics

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  • Its uncorrelated to other markets and assets
  • It is the hottest investment now, with nearly 9 years of market history
  • It is a hedge against market uncertainty and a store of value and exchange

How do i invest in Bitcoins and Crypto currencies using my SMSF?

When Investing in Bitcoin, or Crypto or Digital Currencies via your SMSF, you will need to make sure the following is in place

  • Bitcoin and Crypto  assets must be purchased in the name of your SMSF
  • Check your SMSF deed to make sure that there are no restrictions on investing in crypto investments
  • Make sure you store your bitcoins in a secure, independent, insured, location
  • Make sure your funds auditor is capable of auditing your bitcoin and crypto currency assets

It is also important to be aware of the risks and benefits of crypto currency investing as price fluctuations can be between 10% -30% daily. It is not suitable for many retirement investors.

The money smart site has a great section dedicated to crypto currency

Tax Treatment of Bitcoins and Cryptocurrency

  • If you sell your bitcoins or Altcoins and convert to Australian dollars, you may be subject to capital gains tax,
  • If an SMSF member is in pension phase and they sell their crypto assets, they would not attract capital gains tax, based on the exemptions prevailing for pension members under the current super laws.

Why Choose My SMSF for your Bitcoin investments in a SMSF?

  • Certified Bitcoin Professional
  • Our auditors are conversant with Bitcoin investing in a SMSF
  • We offer one of the cheapest SMSF Bitcoin Administration services in the country.
  • We offer cheap Bitcoin trading options and cheap, secure and compliant storage solutions.

Warning: Seek Financial, Legal and Tax advice before investing in crypto currencies

Our Fees

  • SMSF Setup $799 with a company trustee
  • SMSF Annual Administration $1,100 ( Accounting +Auditing )
  • SMSF and Bitcoin Education

Please Note: Our Service is an ‘Execution Only Service’ we do not provide advice on crypto investments

Ainslie Bullion’s Bitcoin & Gold Services 

Our friends at Ainslie Bullion, provide bitcoin, Ethereum and Gold purchase and storage solution. Buy bitcoins, by placing an online order or by going into the showroom to transact and have it stored in a third-party vault Or via Ainslie Bullion’s paper or hardware wallet services.

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