SMSF crypto guide
SMSF crypto holdings: approved exchanges and how to value them
By easySMSF, SMSF Specialist Team · Updated
Two questions decide whether crypto works inside an SMSF: where the fund is allowed to hold it, and how it's valued each 30 June. easySMSF supports cryptocurrency held directly on Australian regulated exchanges — CoinSpot, Swyftx, Coinstash, Bitaroo and Independent Reserve — in the fund's own name. Crypto held there or through the fund's broker account is covered by the $139/month fee; crypto in a private wallet or on a hardware device is supported at $179/month. Offshore cryptocurrency accounts are not supported. Here's how each route works and how the valuation rules apply.
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Which exchanges are allowed — and why
An SMSF can legally invest in cryptocurrency, but the ATO requires the assets to be held separately from members' personal assets, in the fund's own name, and valued at market value each year. Those requirements are what shape our policy.
easySMSF supports crypto held directly on five Australian regulated exchanges: CoinSpot, Swyftx, Coinstash, Bitaroo and Independent Reserve. The exchange account is opened in the fund's name, and transaction, income and 30 June valuation data flows into our administration platform from the exchange. That data connection is why this crypto sits within the standard $139/month fee, along with crypto bought through the fund's broker account.
Crypto in a private wallet or on a hardware device such as Ledger or Trezor is supported on the $179/month fee. Self-custody has no data feed, so ownership and value must be evidenced manually, with additional compliance checks and audit queries. Other exchanges and offshore accounts (Binance, Coinbase, Kraken and similar) are not supported.
How the 30 June valuation works: every asset in an SMSF must be reported at market value on 30 June. For crypto on a supported exchange, that is simply the exchange's quoted AUD price applied to the fund's exact unit holdings at year-end — taken directly from the exchange statement, so the number your auditor sees is the number the exchange reported.
During the year, every purchase, sale, swap, staking reward and airdrop is recorded in AUD at the date it happens. Disposals trigger CGT events (15% on gains in accumulation, 10% with the 12-month discount, 0% in pension phase), and rewards are income at market value when received. Because the exchange history flows through automatically, nothing is reconstructed by hand at year-end.
If your fund already holds crypto in a fund-owned private wallet or hardware device, the fund is administered at $179/month. Crypto held in a member's personal wallet is not a fund asset. Crypto on an offshore platform or non-supported exchange must be moved to a supported Australian exchange, the fund's broker account or a fund-owned wallet before we can take the fund on.
- Supported exchanges: CoinSpot, Swyftx, Coinstash, Bitaroo, Independent Reserve
- Account opened in the fund's own name — never a member's personal account
- $139/month: supported Australian exchanges or the fund's broker account
- $179/month: private wallets or hardware devices owned by the fund
- No other exchanges or offshore accounts
- 30 June market value taken from the exchange's AUD closing price
- Every trade, swap, staking reward and airdrop recorded in AUD at the date it occurs
- Exchange crypto: audit evidence supplied directly from statements; wallet crypto: trustees supply ownership and valuation evidence
- CGT on every disposal: 15% accumulation (10% with discount), 0% pension phase
- Trust deed must permit digital assets; investment strategy must address crypto
Valuation at a glance
| Item | How it's valued | Evidence source |
|---|---|---|
| 30 June holdings | Exchange's AUD closing price × units held | Exchange year-end statement |
| Purchases | AUD cost at trade date (cost base) | Exchange transaction history |
| Sales & coin-to-coin swaps | AUD value at disposal — triggers a CGT event | Exchange transaction history |
| Staking rewards & airdrops | AUD market value on date received — ordinary income | Exchange income/rewards report |
Supported exchanges: CoinSpot, Swyftx, Coinstash, Bitaroo, Independent Reserve. General information only — not financial product advice.
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General advice warning
Figures shown are illustrative only and based on the inputs and assumptions you provide. They are general information, not personal financial product advice. Consider your objectives, financial situation and needs, and seek personal advice from a licensed financial adviser before acting. easySMSF does not hold an Australian Financial Services Licence (AFSL).