Cointree SMSF Account

Discussion in 'Superannuation, SMSF & Personal Insurance' started by michael-syd, 14th Feb, 2019.

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  1. michael-syd

    michael-syd New Member

    Joined:
    14th Feb, 2019
    Posts:
    1
    Location:
    sydney
    I just started up a Cointree SMSF account for bitcoin and crypto. Just thought I would try it out and put some of my SMSF into crypto and see how it goes. The site seems quite nice and support has been helpful.

    Anyone else doing crypto with their SMSF, I couldn't see many posts about it here. Am looking for any reccomendations on how you manage your crypto SMSF and also if you have had any trouble with the tax reporting.

    Thanks

    Michael
     
  2. kate54

    kate54 New Member

    Joined:
    11th Jul, 2019
    Posts:
    2
    Location:
    australia
    Hi,

    I was just wondering how you went with setting up a SMSF with Cointree and was it easy process? I am thinking of doing the same with doing the same but with Coinspot as I've read good things How To Buy Bitcoin in Australia (super easy) Keen to you how it's going for you.
     
  3. Superman__

    Superman__ Well-Known Member

    Joined:
    6th Nov, 2007
    Posts:
    345
    Location:
    Gold Coast, QLD
    I always groan when I get about people investing in crypto via an SMSF - but that’s mainly because it can make the accounting work harder if the trustee doesn’t know what they are doing.

    Yes, you can set up a Coinspot account for an SMSF. It must be separate from any other crypto accounts in your personal name.

    I put together the following information a while ago which may help: Crypto and SMSF

    Good luck - please don’t blow up your super savings.