Can My SMSF Buy Bitcoin or Crypto in Australia?
- SMSF
- Sep 12, 2025
- 1 min read
Quick Answer
Yes, it can. The ATO has confirmed SMSFs are allowed to invest in cryptocurrency, including Bitcoin and Ethereum, as long as it’s done properly and for the sole purpose of building your retirement savings.
What the Rules Say
Allowed: SMSFs can hold crypto, just like shares or property.
Wallets: The assets must be held in the name of the SMSF, not mixed with your personal crypto. A cold wallet (hardware device) is usually the safest option.
Records: Every buy, sell, and transfer must be documented. At audit time, your SMSF needs to show independent valuations.
How It Works in Practice
Update your SMSF investment strategy to allow crypto.
Open an account with an Australian exchange that supports SMSFs.
Buy crypto in the fund’s name.
Store it securely, ideally in a cold wallet.
Keep everything squeaky clean with record-keeping.
Why People Like It
Crypto gives exposure to an exciting, high-growth asset.
It’s a way to diversify beyond property and shares.
Any gains are taxed at concessional super rates.
Why It’s Tricky
Prices can be unpredictable (we’re talking double-digit swings in a single day).
Auditors and banks can be cautious, expect to answer more questions.
Record-keeping needs to be meticulous.
The Bottom Line
Yes, crypto is allowed in SMSFs. But it’s not about chasing quick wins, it’s about careful, long-term investing with clear records. If you’re curious, start small, learn the rules, and see if it fits your strategy.
