Things you need to know about crypto

Cryptocurrency has been one of the global trends, especially in the world of investing.

Some of the benefits of having crypto are:

• every transaction cost is low to almost to nothing at all;
• you can make transactions as many as you want, any time of the day; and many more.

But how much do you know about it?

The short videos below are very good to demystify crypto, particularly in knowing what it is and what you need to be reminded about your crypto:

• Crypto Assets by Sylvia Gallagher, Assistant Commissioner at the Australian Taxation Office
• Bust the Myth of Crypto by Tim Loh, Assistant Commissioner - Individuals and Intermediaries at Australian Taxation Office
• Tax office information about Crypto including investing in SMSF’s - Click Here‍

Wondering how the tax on crypto is calculated? We recommend that you use this tax calculator: Crypto Tax Calculator