Setting up Crypto trading acc, page-7

  1. 556 Posts.
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    That's an awesome post @mouse !

    I'm just wondering if there exists a follow through post with a guide to Australian tax and CGT when dealing with Local and Foreign exchanges. Buying bitcoin and holding and selling locally is easy enough. But when BTC becomes the 'currency' traded in in both Australian and foreign exchanges (i.e poloniex, bitfinex, etc) and then alt coins are added to the mix it gets complicated.A lso depending on whether you are a hobbyist or a day trader registered for GST there are also the fees to calculate.

    Cheers for the great post!
 
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