SMSF Bitcoin Australia: Learn and Invest

SMSF Bitcoin Australia: Learn and Invest 

Know why it is wise to invest in one of the best performing digital assets over the last decade. 

From simple daily communications to various transactions, we use different online platforms to complete processes. With that, individuals and organisations don’t just invest in physical things but also in digital assets to keep up with the demands of the fast-paced internet world. That is why several employees set up self-managed superannuation funds (SMSF) bitcoin in Australia. Interested in this investment? Learn more about it first. 

Bitcoin 101 

Since its launch in 2009, people have always been curious about this decentralised virtual currency called bitcoin. This technological development sparked the interest of various individuals and investors.  

Although bitcoin has existed for more than a decade now, its concept remains blurry for some. What is it? How does it work? Will it be more valuable in the future? Will it change the way we do transactions? Don’t we really need middlemen to process our online transactions? And a whole series of questions go on. 

We at Bitcoin Superannuation are dedicated to helping you fully understand bitcoins and the bitcoin superannuation fund so you will know the type of financial adventure you are about to enter. 

Invest in Bitcoin 

Employers in Australia provide their employees with superannuation funds for their pensions during retirement. Superannuation is a particular amount an employer puts aside over the course of their employees’ working life. This way, they will have money to use in the future. 

You have the freedom to withdraw your super when you turn 65 or reach the preservation age. You can either use this for whatever purpose it may serve you or invest in digital assets like bitcoin. SMSF investing in Australia is one of the most effective ways to boost your super. 

Reach out to us, and we’ll help you set up your self-managed superannuation fund structure to allow you to invest in bitcoin. You can also read our blogs to know more about this investment. 

What Is Bitcoin Cryptocurrency? 

Before we had mobile phones on our hands with applications that allowed us to make online transactions, we solely used cash to buy goods or avail services. As time went by, more business establishments went cashless for smoother transactions. 

Now, we have cryptocurrency—an entirely digital currency that people can use to buy particular products or services. One of its most common types is bitcoin cryptocurrency. Considered as the original cryptocurrency, bitcoin uses blockchain technology, securing every user’s  transactions. 

Bitcoin is only one type of cryptocurrency, and not all cryptocurrencies are bitcoin. There are also other examples, such as Litecoin, Ethereum, and Chainlink. These were launched years after bitcoin was created. 

Read our blogs as we walk you through the fundamental information you need to know before investing in bitcoin. 

It Is Not That Complicated 

You can get bitcoin through cryptocurrency exchanges, mining, and peer-to-peer purchases. Each entails distinct processes. For example, you need to have the technical expertise and solve complex puzzles to earn bitcoin through mining. 

However, setting up an SMSF bitcoin in Australia is another story. You need to work on your superannuation fund structure before you can start investing in bitcoin using the money from your super. And this can be difficult and time-consuming. 

Don’t worry! We got your back. Bitcoin Superannuation will make the process of investing in bitcoin easy for you so that you don’t have to break a sweat. Just register on our contact page, and we’ll discuss how we can help you. With us, investing in bitcoin with your SMSF will be trouble-free. It’s a Bitcoin Superannuation guarantee! 

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