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Cryptocurrency wallet Cryptocurrency market Best cryptocurrency exchange australia The company places a great deal of importance on security, employing industry-leading measures to safeguard user funds and sensitive data. The exchange is regulated by AUSTRAC, Australia’s financial crimes watchdog, further reinforcing trust and confidence in its secure operations https://best-aucasinosites.com/keno/. KuCoin is a crypto trading platform considered one of the best in Australia for its huge range of coins, advanced trading options, and low fees. The platform has over 11 million users and is particularly popular among advanced crypto traders. CoinStash was designed to cater to Australian investors who want to buy and hold digital assets. The platform hosts the country’s largest selection of crypto assets, where over 1,000 coins and tokens can be bought with AUD. With support for withdrawals to an Australian bank account, CoinStash is a viable place to sell Bitcoin back to AUD. The Australian government is pretty clear on crypto tax. Australia treats crypto profits as part of Capital Gains Tax (CGT). This means any sale, trade, or conversion of crypto assets is a CGT event, and gains are taxed similarly to other investments. Holding an asset for over 12 can qualify you for a 50% discount on the capital gain. Suppose you bought 0.5 Bitcoin for $20,000 and later sold it for $35,000. Your capital gain in this case would be $15,000 ($35,000 – $20,000). If you held the Bitcoin for over 12 months before selling, you’d be eligible for a 50% CGT discount. This means you would only need to report $7,500 (50% of $15,000) as taxable income. When finding a suitable crypto exchange in Australia, ease of use is vital for newer investors with little to no experience. Trading crypto online can involve complex charts, various order types, technical indicators, and transferring crypto to new technology. 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