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11517145 No.11517145 [Reply] [Original]

Australian noob here. whats the best way to get into bitcoin as an aussie , which wallets do you use and where do you purchase from? i see some reccomended but they only allow you to buy and not sell in australia.

>> No.11517159
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11517159

Coin spot.com.au is the easiest way.

>> No.11517176
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11517176

>>11517145
you dont want this crypto man

>> No.11517182
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11517182

>>11517145

That’s the comfiest machine I’ve ever seen posted here

>> No.11517194

>>11517145
>wallets
if you want large quantities of crypto then you want a ledger or trezor hardware wallet. I've used these guys a couple of times with no issues
https://www.bitgear.com.au/

>> No.11517226

>>11517194
just dipping my toe in essentially. did you just go straight to the hardware wallet?

>> No.11517262

>>11517226
Yeah I did. However, when I first got into crypto I bought 20k worth. If you're just trying it out there are numerous wallets you can have on your phone.

>> No.11517273

Best exchange to purchase from as an aussie, Btc markets. Low fees and they accept bank transfer. Can always transfer your btc to binance/bittrex to trade shitcoins

>> No.11517893

what do you guys do about tax? if i were to buy some crypto and buy/sell it how do i deal with tax

>> No.11517939
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11517939

I've been using coinjar, really easy to move money between BTC and AUD. But don't expect to make money buying and selling using it.
Alternatively, I saw one of these in Brisbane

>> No.11518197

>>11517893
You pay captial gains every time you trade between fiat to crypto and crypto to crypto. Keep records of your transactions, plug them into a site like cointracking to find your captial gain/loss and put that on your tax return.

>> No.11518210

I want that puter

>> No.11518253

theres plenty of sites and they are all good
you just need your license, medicare card, and bank statement or electricity bill etc

>> No.11518417

>>11518197
Wow isn't capital gains 50%. That's fucked.

>> No.11518693

>>11518417
Capital gains falls into the same percentages as regular income, You get a 50% discount if you hold longer than a year.

>> No.11518716

>>11517145
Coinspot . Com is the exchange I use to get fiat to bitcoin and bitcoin to fiat, then transfer to Kucoin or whatever chink exchange