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SMSF Cryptocurrency Course

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SMSF Cryptocurrency Course · 7 Lessons · Quiz · Certificate

Enrol now — $22

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Cryptocurrency is now a mainstream asset class, and self-managed super funds (SMSFs) can invest in it — but only with the right understanding of the rules, risks and record-keeping the ATO expects. This practical, plain-English course walks you through everything an SMSF trustee needs to approach crypto with confidence.

What you will learn:

  • What Bitcoin is and how it differs from traditional money
  • How blockchain, wallets and public/private keys actually work
  • How the ATO taxes cryptocurrency (CGT, income and GST) for SMSFs
  • The record-keeping and 30 June valuation rules SMSFs must follow
  • How to value cryptocurrencies and manage risk prudently within your fund

The course includes seven video-supported lessons, comparison tables and checklists, an end-of-course quiz, and a certificate of completion.

Enrol now — $22 (secure checkout via Square)

Secure checkout via Square. Access provided after purchase.

Your learning journey through the 8 lessons

Crypto SMSF course roadmap — 8 lessons in learning order
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What Will You Learn?

  • Understand Bitcoin, blockchain, wallets and public/private keys; learn how the ATO taxes cryptocurrency and the records an SMSF must keep; and how to value crypto and manage risk prudently.

Course Content

Lesson 1: Cryptocurrency Fundamentals
Where it all began, the GFC, Bitcoin, Satoshi and that all important first transaction. Learn about the birth of a significant financial innovation and democratising force for good.

Lesson 2: Crypto Inside an SMSF — The Legal Framework
Learn about the innovation that Blockchain is and what it means for businesses and individuals in the future

Lesson 3: Wallets, Custody and Security
Lesson 3 – What is a wallet Introduction to Wallets A cryptocurrency wallet is like a bank account for your digital currencies. Just as a bank account allows you to store, send, and receive money, a crypto wallet enables you to manage your cryptocurrencies. However, there are key differences between a bank account and a crypto wallet that are important to understand. Comparing Bank Accounts and Crypto Wallets Feature Bank Account Crypto Wallet Account Numbers Account number identifies your account and receives money. Public key serves as your account address. Passwords Password or PIN to access the account. Private key functions like a password; it’s crucial for accessing your crypto. Fund Storage Bank balances are stored by the bank. Cryptocurrencies are not stored in the wallet itself but recorded on the blockchain. Accessibility Accessible through bank’s systems. Accessible via the internet or offline (cold wallets). Key Points: Account Numbers and Public Keys: In a bank account, your account number is used to identify your account and receive money. Similarly, in a crypto wallet, your public key serves as your account address. Others can send cryptocurrencies to your public key, just like they would send money to your bank account number. Passwords and Private Keys: To access your bank account, you use a password or PIN. In the crypto world, your private key functions like a password. It allows you to sign transactions and prove ownership of your public key address. Unlike a bank password, if you lose your private key, there is no way to recover it. Bank Balances and Blockchain Records: When you check your bank account balance, you see a record of your funds stored by the bank. In contrast, cryptocurrencies are not stored in your wallet. Instead, your wallet keeps track of your private and public keys, which allow you to interact with the blockchain where your cryptocurrency balances are recorded. Types of Wallets Wallet Type Description Examples Hot Wallets Connected to the internet, convenient for everyday transactions but more vulnerable to online threats. Mobile wallets (apps), Desktop wallets Cold Wallets Not connected to the internet, offering higher security for long-term storage. Hardware wallets (Ledger, Trezor) Paper Wallets A physical piece of paper with printed public and private keys, secure from online threats. Printed paper with QR codes Exchange Wallets Provided by cryptocurrency exchanges for trading; convenient but risky for long-term storage. Exchange accounts (Binance, Coinbase) Hot Wallets: Description: Hot wallets are like the checking accounts of the crypto world. They are connected to the internet, making them convenient for everyday transactions but more vulnerable to online threats. Examples: Mobile wallets (apps on your phone) and desktop wallets (software on your computer). Cold Wallets: Description: Cold wallets are like savings accounts or safe deposit boxes. They are not connected to the internet, offering higher security but less convenience. Examples: Hardware wallets, such as Ledger and Trezor. Paper Wallets: Description: A paper wallet is like a physical cash envelope. It’s a piece of paper with your public and private keys printed on it, allowing you to store your cryptocurrencies offline. Examples: Printed documents or QR codes that can be scanned to access the keys. Exchange Wallets: Description: Exchange wallets are like the wallets provided by your bank for holding foreign currencies. They are offered by cryptocurrency exchanges for buying, selling, and trading cryptocurrencies. Examples: Wallets provided by exchanges like Binance and Coinbase. Best Practices for Wallet Security Practice Description Backup Your Wallet Regularly backup your crypto wallet and store the backup in multiple secure locations. Use Strong Passwords Protect your wallet with a strong, unique password, similar to how you would secure your online banking account. Enable Two-Factor Authentication (2FA) Adds an extra layer of security, like requiring a code sent to your phone in addition to your password. Backup Your Wallet: Just like you keep a copy of your bank statements, regularly backup your crypto wallet and store the backup in multiple secure locations. This ensures access to your funds even if you lose your primary wallet. Use Strong Passwords: Protect your wallet with a strong, unique password, similar to how you would secure your online banking account. Enable Two-Factor Authentication (2FA): 2FA adds an extra layer of security, like requiring a code sent to your phone in addition to your password, similar to security measures used by banks. wallets are like bank accounts in the banking finance world. in this lesson we deep dive into analogy of comparing wallets to bank accounts, with the benefits and risks covered.

Lesson 4: Exchanges and Trading
This lesson will deep dive into keeping your Bitcoin and Crypto Safe

Lesson 5: Tax and Record Keeping
How are Bitcoin and other cryptocurrencies taxed. Let's take a deep dive to get a better understanding.

Lesson 6: Audit Readiness and Verification
What do you need to do to manage your crypto assets for tax time. ln this lesson we will examine some best practice tips and standard requirements for SMSF tax returns and individual returns

Lesson 7: Risk Management and Portfolio Strategy
How do you value Bitcoin and cryptocurrencies ? and what are the risks of investing in Crypto coins. In this lesson we will take a look at crypto risks and the best practice at valuing crypto assets.

Lesson 8: Course Summary and Final Assessment

Course Assessment & Certificate

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