Hi Redditors.

I setup a Binance account many years ago (4-5).

I forgot about it until I had to use an old phone.

This isn't a fairytail where I purchased BTC in 2002 for peanuts and I'm not rich - but I have a small balance in the account ($200) and I want to take it out and close my binance.

I've tried to follow online guide but the interface is changes and I can't seem to work it out.

Anyone out there confident in the interface and could guide me through it ?

I keep going to my overview page on the app

then go to convert SOL > AUD

The receive method just says VISA Card/Apple Pay/Google Pay - which could be an account that has closed - I have no way to change this.

Help ?

Also when i look at help it shows p2p might be an option - but when i try to link my phone it tells me it is already linked.

Help ?

I just bought my first bitcoin this week with AmberApp and noticed that the bitcoin's price that i bought in the app's receipt is slightly different to their email receipt of the same transaction. It's like around 33 cents off. I already emailed support to investigate this, but they've gone quiet.. so I'm asking here if anyone has this issue, and WHICH receipt do you trust for the record keeping? I know 33c is slightly off in the pricing but over the long term if it isn't accurate on how much I paid for the bitcoin, then it will become a problem.

Hello Everyone,

What is the best exchange un Australia to buy bitcoin currently? I am not new in crypto and usually use kucoin, but doing the smsf for the first time, and can I lets say buy a bitcoin from kucoin for example and then transfer it to my cold wallet, does that still comply with SMSF regulations and laws? Appreciate any advise

I haven't been keeping up with the news but I read something about more stringent reporting on source of funds since July 1st

There was quite a lot of chatter pre July 1 but not really sure what people's experience with depositing into an australian exchange has been in order to withdraw out to cash?

I'm with btcmarkets if it makes any difference. Would love to hear what other peoples experience has been since July 1st - just how much documentation have you been asked?

Anyone else had a scam call from “Binance Fraud Department” lately? Just had a call from 0400 637 344.

Started with an automated voice saying “here is your one time code etc… please press 1 if you did not request it”.

Pressed 1 and went through to some bloke I could barely understand asking for my name. I asked for his name and he instantly blew up lol He literally replied with “I’m from bloody Binance mate” at which point I said bye and hung up.

Pretty average attempt at a scam but keep your wits about yourselves folks

Want to make sure before i KYC and deposit btc

Hi everyone,

My parents are overseas and are considering giving me a genuine cash gift of a few hundred thousand AUDs to help fund the construction of my house in Australia.

We’re considering transferring it via crypto exchange, from their overseas exchange to my Australian exchange (e.g. BTC Markets/Binance), then (directly) converting it to AUD and withdrawing it to my Australian bank account.

The complication is that, rather than doing a traditional international bank transfer, we are considering transferring the funds via cryptocurrency exchanges, for example:

The funds would genuinely be my parents’ money and would be an unconditional gift to me. There would be no repayment or other benefit expected in return.

I understand that a genuine gift from parents generally isn’t considered taxable income in Australia. My main concern is whether using crypto as the transfer method changes anything from a tax or documentation perspective.

If we prepare a gift letter/deed confirming that the money is an unconditional gift from my parents, would that generally be sufficient to establish the nature of the transaction? Or would there be any reason to avoid the crypto route?

Would love to hear from anyone who has actually done something similar, particularly with a larger amount used for a house purchase or construction.

Thanks heaps!

Can i deposit to Kraken from ubank? When i tried to use my kraken payid on the ubank app it errored out.

Other pay ids work fine…

Hey guys., I've been solobuilding btcdash.org, a free Bitcoin dashboard with zero logins or ad bloat.
Just pushed an update that adds a fully private local portfolio tracker so you can track your stack right in your browser without handing over any data. I also integrated live derivatives data like funding rates and open interest alongside cycle models like the MVRV Z-Score and Power Law corridors..
The new version is live at btcdash.org. Give it a spin and let me know what you think—what's useful, what feels clunky, or what metrics I should add next? :)))

Starting today, Nexo is offering two versions of a credit line for Australian users, one collateral-based and one income-based, with stricter checks, both regulated under an Australian Credit Licence. The collateral available is broad across many crypto assets.

Block Earner, an Australian company, offers BTC/ETH/XRP-backed loans locally.
Ledn also operates in Australia, though its product is positioned more toward business/investment borrowing than everyday personal use.

For comparison, Kraken Borrow explicitly excludes Australia (along with the US, UK, Canada, and a few other regions), and Coinbase’s equivalent loan product is currently limited to the US. So the two platforms most Australians already have accounts on don’t offer this locally.

Curious what people here would actually use a service like this for paying down debt, avoiding a taxable event, short-term cash flow, or something else.

I'm a current Superhero customer. Got hit by their marketing blitz today about launch of their crypto exchange (2nd attempt after previous failed merger with Swyftx).

Thought it might be useful for when I want to rotate between ASX <-> Crypto holdings. But very disappointed after noticing their buy-sell spread is a whooping 3%!

Their crypto exchange is supposedly by Robinhood which itself only incurs a 0.8 to 1% spread (already high). Where did the extra 2% on Superhero come from? I don't know why local firms try to launch new exchanges without at least trying to be more competitive lol.

If you've been following the Coldcard mess, a firmware bug weakened how some devices generated seed phrases, and attackers have been brute-forcing them and sweeping wallets.

Absolutely brutal.

Making this post because if you got caught in it (or any hack or theft really), there's a tax angle most people don't think about while they're still in the gut-punch phase. Won't bring the coins back, but it's still worth knowing.

The basic rule: the ATO lets you claim a capital loss on crypto that's actually gone, if you can prove you owned it and it's irrecoverable. That offsets your capital gains, and anything left over carries forward. It won't reduce normal income, only gains.

For a theft like this, evidence is everything. Acquisition records, the wallet addresses, the on-chain trail showing the funds swept out, and a police report. The stronger the paper trail, the cleaner the claim.

A few things to keep in mind however:

Exchange collapses (FTX, Celsius type). You can't claim the day it enters administration. It crystallises when administration finalises, based on what you actually get back. Lots of people try to claim too early.

Worthless tokens you still hold. A coin down 99% but still in your wallet isn't a loss yet, paper losses don't count. If it's still tradeable, selling it even for cents locks in the loss (especially for the pumpfun users 👀)

And if you get any compensation later, you reduce the loss by that amount.

If you got hit by the Coldcard thing, might be best to sort the new wallet and your security first, obviously. The tax bit can wait until the dust settles, just don't forget it exists because it does.

Im thinking a split between Hardware Wallet (Ledger or Trezor) Reputable exchange like say Kraken and spendable wallet like coinspot Mastercard i know cold wallets are obviously exposed to a degree but the Reputable exchanges would have a leading level of encryption as well

Hey everyone,

I am not a crypto trader, I solely use crypto for online gambling purposes (strictly poker) and have for some years. I use a custodial blockchain wallet which I send crypto to( USDT or BTC) from poker sites, and then from there to CoinJar to exchange and withdraw. I was unaware of the travel rule law change and now am unable to send crypto from my blockchain custodial wallet to CoinJar.

I was wondering if anyone knows of legitimate and safe options for ultimately withdrawing this money? Can I send from blockchain to a different exchange or wallet first that is on the same travel rule network as CoinJar, and then onto CoinJar or will I just face the same issue?

Thanks in advance

Everyones thoughts on bitkey for non technical people? Can i get on amazon? Or should always be from official website?

Right so in the aftermath of cold card hack what is the best easy to use hardware wallet (average joe, will avoid too technical if possible) everyone telling me should be multi sig, currently use tangem which im sure ill get a drilling about on here but hey haven't been hacked......yet, can the seedless tangem be better than the coldcard situation because the hacker would need to physically get my card or there is a chance there are other methods of hacking, nico from simply bitcoin mentioned bitkey but not sure if just shilling

If you generated a seed on a Mk3 after firmware 4.0.1, your funds may be at risk. Mk4, Q and Mk5 are not affected based on our early analysis. Read the advisory and migrate carefully:

https://x.com/COLDCARDwallet/status/2082961993070247948

Coldcard MK3s were hacked as the RGB were not random enough and an AI agent guessed the seed codes.

The Travel Rule has become a real headache.

Crypto withdrawals are sometimes nearly impossible, with endless delays and wallet verification issues. Even when I'm transferring from my own wallet to another wallet that I own, the withdrawal gets declined because they say MEXC hasn't responded.

How is that my problem? If I own both wallets, why should my funds be held up because another exchange doesn't reply?

Anyone who’s made a profit this year planning on not telling the tax man and just seeing how it plays out? What’s the worst that could happen

Had a proper read of the proposed CGT changes from the Budget and figured we'd break it down as it can be quite confusing.

First, the calming bit: none of it is law yet, and nothing changes for your FY25-26 return. The current 50% discount still applies in full this year. No need to do anything drastic. This year goes ahead as normal.

What's actually proposed, from 1 July 2027:

- The 50% discount goes. Instead your cost base gets indexed for inflation, so you'd only be taxed on the real gain, not the part that's just inflation.

- A 30% minimum rate on net real gains accruing after that date.

- It covers most CGT assets: shares, trust units, investment property, and crypto.

The bit some folks are glossing over is the grandfathering. Gains that accrued before 1 July 2027 keep the current discount treatment, and only growth after that date falls under the new rules. So the value of what you hold around the changeover becomes a genuinely important number.

And the practical kicker is that indexation is worked out parcel by parcel, from each parcel's acquisition date and cost base. If your buy history is scattered across brokers, DRP statements and old exchange CSVs, this gets expensive fast, because you can't index a cost base you can't prove. Same for crypto, every parcel indexes from its own date.

So until the next tax season comes around, get your cost base records complete for everything you hold while the history's still retrievable, lodge this year normally, and see what the legislation actually looks like as it firms up (plenty can change on the way through).

Genuinely curious what people make of the indexation switch.