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4215930 No.4215930 [Reply] [Original]

Ausbros whats your preferred exchange to buy and sell bitcoin back to fit?

What sort of taxes do yo have to pay on cryptogains?

>> No.4215935

>>4215930
Fiat* fug

>> No.4215941

>>4215930
200% capital gains tax

>> No.4215951
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4215951

>>4215930
u dont pay tax, if u dont withdraw or less than 10k per year.

>> No.4215962

btcmarkets.net

>> No.4215963

btcmarkets.net bro

>> No.4215966

>>4215930
bump also curious
20 yr old ausfag with 180k in crypto, $1000 in bank account. What sort of tax would i pay on 50k?

>> No.4215980

>>4215962
>>4215963

Cheers fellas
Been using coinbase which is pointless if I can't cash out when I need to

>> No.4216659

>>4215930
coinspot is ONLY for aussies. I can root for it.

>> No.4216674
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4216674

>>4216659
yeah coinspot is the shit. not a proper exchange but still super reliable and legit

>> No.4216722

>>4216674
Coinspot hold your coins multiple exchanges to smooth our security and liquidity issues.

>> No.4216758

>>4215966

Buy shit with btc and it's 0%. Not sure if that applies to other cryptos but I assume it's the same.

>> No.4216778

Yeah da fellaz, what coins uz holding?

>> No.4216783

>>4215930
>>4215930
thoughts on bitcoin.com.au?

>> No.4216799

>>4216778

XRP for long term gains.
REQ as a lottery ticket.

>> No.4217126

Buy stuff with credit card and pay off through bpay with living room of satoshi. I'm keeping records as a precaution, but should be fine as long as purchases are under 10k.

>> No.4217152

>>4215930
Independent Reserve
ACX.io


I use either, works for me.

>> No.4217617

>>4215966
you'd have to pay capital gains tax, Look at the thread on whirlpool.org about it. There are ways to minimise, like taking out <10k

>> No.4217624

>>4215930
also btcmarkets.net

>> No.4217735

btc markets, but they charge 0.85% per trade or some such (is goes down) adds up, alot so I am going over to ACX.io which charge 1% when you withdraw fiat but tradeing is free, so this is much better I think.

also independant reserve they look ok.

also I like NEM, it will go to $1.

>> No.4217740

>>4216659
>>4216674

Coinspot is definitely worth the sign up. Even though the verification process is weird, it has a tonne of variety when it comes to purchasing alts and is definitely worth looking into.

>> No.4217804

>>4215951
18k per year

>> No.4217816

>>4215941
>>4217617

it's not capital gains, it counts towards your income tax

https://www.munros.com.au/blog/business/taxation-of-bitcoin-in-australia/

>> No.4217839

>>4216778
Big and heavy IOC bags, smaller and lighter REQ bags, and ICO LINKs which are not bags yet, but were goddam helium balloons 3 weeks ago. If only I sold

>> No.4217850

>>4217816
correction, in most cases it would count towards your income

if you invest a tiny amount and hodl for a year+ then you could get cgt discount

>> No.4217972

Can't we just cash out on NZ and pay 0 taxes? Sick and tired of paying 30% of my wage earnings in taxes so everyone but myself can benefit.

>> No.4217994

>>4217972
do you not use roads, or benefit from poor people stealing everything they need to live

>> No.4218022
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4218022

>>4217994
Actually I just I quick Google search and NZ wants to suck money just as hard. Looks like a long holiday in the caymen islands is the way to go.

Also, you are on the wrong website. Your ilk is welcome at Reddit and Whirlpool Forums.

>> No.4218045

>>4217994
>virtue signalling in an anonymous website

No upvotes here sorry

>> No.4218060

>>4215930
Localbitcoins mate

>> No.4218062

>>4218045
That Aussie soyboy has never had to deal with living near aboriginals and bogans care of the tax payer.

>> No.4218075

>>4218060
I've been curious at this for a while. Can't they "back-trace" you? I've talked to many OG BTC holders and localbitcoins is how they all slowly cashed out their gains.

>> No.4218084

>>4218062
>>4218045
>>4218022
they don't understand the poor will always out number the wealthy, and the only thing keeping them from the guillotine is a welfare cheque

>> No.4218107

independentreserve, i tried some other site but they needed a fucking valid passport, mines been expired for years

>> No.4218206

>>4217740
The fees are rape though

>> No.4218256

>>4218084
Most parts of asia dont have welfare and i dont see people hanging from the lampposts over there. Trade offs: more corruption, rich poor divide is disgustingly wide, literally a dog eat dog world.

Tldr: it's a long road to mad max world chum

>> No.4218289

>>4218107
I use independent reserve. They have good customer support. Easy to use. I bought into the crypto market through them.

>>4218084
Already know you are a soyboy cuck, you don't need to double down on everything.

>> No.4218411

>>4218075
Nope. Not yet anyway. It's a very popular method for avoiding tax and it's cheaper fees than coin base on average

>> No.4218852

>>4218411
Is it untraceable if you sell over the net or do you have to do a face to face deal to avoid back trace?