How Easy Is It to Set Up an SMSF to Buy Bitcoin?
- SMSF
- Sep 15, 2025
- 1 min read
Quick Answer
It’s possible, and many people are doing it, but “easy” is a relative term. Setting up an SMSF takes paperwork and discipline. If you’re expecting it to feel like opening a crypto app on your phone, you’ll be surprised.
The Real Steps (Simplified)
Set up the SMSF: register with the ATO, set up a trustee company.
Open a bank account in the SMSF’s name.
Write an investment strategy that mentions crypto.
Register with an SMSF-supported crypto exchange.
Buy Bitcoin under the SMSF and store it in a secure wallet.
What It Costs
SMSF setup: usually $2k–$3k.
Annual running costs: $2k–$3k (compliance + audit).
Exchange and wallet fees on top.
Why People Like It
Direct exposure to Bitcoin, held in a tax-friendly environment.
15% tax in accumulation phase, potentially 0% in pension phase.
More control over your retirement savings.
Why It’s Harder Than It Looks
Compliance is non-negotiable.
Annual costs mean it only makes sense with a reasonable super balance (often $150k+).
The price of Bitcoin itself can be wild, great for some, stressful for others.
The Bottom Line
Yes, you can set up an SMSF to buy Bitcoin, and for some investors, it’s a smart way to combine tax benefits with crypto exposure. But it’s not a shortcut. Think of it as a long-term strategy that demands care, patience, and good record-keeping.
