Benefits of Buying Bitcoin with a Self-Managed Super Fund 

The firm believer in the efficacy and value of the old ways will save their funds the traditional way—hard cash. But to those who have embraced the new ways, investing in cryptocurrency is the most viable choice. In Australia, these investment aficionados see the benefits of buying Bitcoin with a self-managed super fund.  

Is investing in Bitcoin worth the risk? Are there really benefits when you buy Bitcoin using your retirement fund? Read on and find out. 

The Good Thing About Self-Managed Super Fund 

A self-managed super fund is the money you set aside during your employment so you can have funds for your retirement. The good thing about this arrangement is it gives you the freedom to choose what to invest in. Because of that, some employees choose to buy Bitcoin using their self-managed super fund. Doing so brings you the following benefits: 

High Possibility of Value Appreciation 

The value of Bitcoin lies heavily on speculations and the hopes of the investors that it will increase. Although it is highly volatile and difficult to value, there has been a resurgence in its value compared to when it started.  

Moreover, many businesses have now accepted Bitcoin as a form of payment. With that, there will be greater chances of you using Bitcoin in the future for major purchases or services. 

User Autonomy 

Bitcoin has no middlemen—no banks, no government regulations. Unlike fiat money or government-issued currencies that get affected by the economic activities of a country and are subject to several restrictions, Bitcoin is autonomous. Meaning, users of Bitcoin can take control of their money. 

Pseudonymous Transactions 

With access to the Internet and the right application, people with bank accounts can now send money to each other or pay for a product or service online. However, there is a lengthy and sometimes hassle process of verification before a successful transaction. In the process, users will need to reveal personal details to make a purchase or send money. 

Although this system helps prevent crime from happening, this also means that an intermediary is in charge of the transaction and can therefore control the services. 

With Bitcoin, you can use pseudonyms for transactions, which can be identified with the use of a blockchain address. Completing transactions in Bitcoin doesn’t require you to input any identifying information. In addition, it won’t detect the IP address, and you can use multiple addresses, usernames, and passwords. 

Secured Transactions 

Hard cash attracts thieves. Online money attracts scammers. But with Bitcoin, it will be technically impossible for hackers to steal your cryptocurrency. Reports say that hackers can only take your crypto away from you if they have information about your private keys for the digital wallet—ensuring a secure transaction with your peers. 

Peer-to-Peer System 

As previously mentioned, Bitcoin doesn’t have middlemen or an external authority. Therefore, you don’t need to seek approval from other parties. With this system, users can send Bitcoin to anyone in the network. They can also receive Bitcoin from their peers from around the world. 

No Banking Fees 

It is a known standard among banks to collect fees for their services. Your bank may charge maker-taker, deposit, and withdrawal fees from time to time.  

Since Bitcoin isn’t government-regulated, you are not subject to pay for the endless fees banks usually require. Hence, there will be no maintenance fees, overdraft charges, insufficient fund fees, excessive transaction fees, among others. Moreover, you won’t have to worry about wire transfer fees for international transactions. 

Easy Access 

When you use Bitcoin, you only have to store your currency in a digital wallet. Thus, you can access your Bitcoin through your smartphone or personal computer, and you don’t need to go to a bank to use your Bitcoin for payment. 

Mobile Payments 

Now that we are in the modern era, businesses have started to go cashless. Who knows? We may not pay with bills and coins in the future. 

One of the most convenient benefits of buying Bitcoin with a self-managed super fund is that you can make payments with just a click on your mobile phone. So, when you buy a product in online shops, it will be easier for you to pay for the product. As long as you have access to the Internet, there’s a lot you can do with Bitcoin. 

Will the Hype Die Down? 

The short answer: no one knows. 

But Bitcoin has been garnering lots of attention lately. In fact, it already has the largest market value in cryptocurrency. Statistics show that as of 2021, 46 million people in the United States are now owners of Bitcoin. Among the numbers, some are considering the integration of cryptocurrency into their financial plans, such as their life insurance or superannuation. 

With all the hype brought by the existing investors, some people may feel that they also have to invest in Bitcoin. In most cases, it’s the fear of missing out that drives them to buy Bitcoin. However, are you willing to take the risk and invest your superannuation in Bitcoin? 

Here’s what you have to do before taking action: 

1. Think about the reason you are investing in Bitcoin. If it’s just FOMO, then reevaluate your decisions. 

2. Ask yourself if you’re really willing to take the risk. 

3. Calculate the amount you are willing to spend on Bitcoin. While Bitcoin’s value has a high chance of increasing, it is still dangerous to pour your finances on it. 

Let’s Talk “Future” 

Saving up for the future is essential regardless of the financial state you’re in right now. That is why you have to invest wisely and make sure that you make the right decisions so that you’ll have the right amount of funds during your retirement. 

If you want to experience the benefits of buying Bitcoin with a self-managed super fund, Bitcoin Superannuation will help you set up your SMSF. For a hassle-free process, we will also assist you in buying your Bitcoins and educate you about the fundamentals of Bitcoins. Send your enquiries by filling out the form on our contact page at

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