CryptoGuru
Sat Jun 08 2024
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0 answers
0
Does Australia use Bitcoin ATM?｜BitRocket Bitcoin ATM - .BitRocket Bitcoin ATMs with cash in Sydney, Melbourne, Brisbane, Perth, Adelaide, Launceston, Goldcoast Australia
Does Australia have a presence of Bitcoin ATMs? Are there BitRocket Bitcoin ATMs operational in Sydney, Melbourne, Brisbane, Perth, Adelaide, Launceston, and Gold Coast? How convenient is it to use these ATMs for cash transactions related to Bitcoin? Are these ATMs widely accessible and trusted among the Australian cryptocurrency community? What are the steps involved in using a BitRocket Bitcoin ATM for the first time? Are there any fees or special requirements to be aware of?
JejuSunshine
Sat Jun 08 2024
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6 answers
1161
Does crypto work in Australia?｜In Australia, . Many crypto-assets and other digital assets are commonly not considered to be financial products so the platforms where you buy and sell crypto may not be regulated by the corporate regulator, the Australian Securities and Commission (ASIC).cryptocurrency is legal but largely unregulated
Does cryptocurrency function effectively in Australia? In this country, numerous crypto-assets and digital assets are generally not categorized as financial products. Consequently, the platforms facilitating the purchase and sale of cryptocurrencies may not be subject to oversight by the corporate watchdog, the Australian Securities and Investments Commission (ASIC). This implies that while cryptocurrency is legally permissible in Australia, it remains largely unregulated. Could you elaborate on the implications of this unregulated status for cryptocurrency users in Australia?
benjamin_stokes_astronomer
Sat Jun 08 2024
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6 answers
1330
What crypto wallet do Australia use?｜– Overall best crypto wallet in Australia in 2024 with Web3 access. Zengo – Self-custody mobile wallet with no seed phrase vulnerability. Binance – Buy, sell, and store crypto via the world's largest exchange. Ellipal – 100% offline wallet comes with auto-destruct security protocols.Bybit Wallet
Which crypto wallet is most popular in Australia? Could you recommend a crypto wallet in Australia that provides access to Web3 in 2024? Is Zengo a safe mobile wallet choice in Australia as it claims to have no seed phrase vulnerability? Is Binance suitable for Australians to buy, sell, and store cryptocurrencies given its status as the world's largest exchange? Can you elaborate on the auto-destruct security protocols offered by Ellipal, which is marketed as a 100% offline wallet? How does Bybit Wallet stand out as a crypto wallet option in Australia?
Martino
Sat Jun 08 2024
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6 answers
1686
How much is capital gains tax in Australia?｜Capital gains are taxed at - i.e. if you earn $40,000 (32.5% tax bracket) per year and make a capital gain of $60,000, you will pay income tax for $100,000 (37% income tax) and your capital gains will be taxed at 37%.the same rate as taxable income
Could you please clarify how the capital gains tax is calculated in Australia? I understand that if I earn $40,000 annually and fall into the 32.5% tax bracket, and then I make a capital gain of $60,000, would I be taxed at 37% on the total of $100,000? Does this mean my capital gains are taxed at the same rate as my taxable income? Is there a separate capital gains tax bracket, or does it simply align with my income tax bracket?
Valentina
Sat Jun 08 2024
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7 answers
1437
Can you use Binance in Australia?｜Yes, Binance is legal in Australia. The company is based internationally, but operates an Australian arm under InvestByBit Pty Ltd (ABN 98 621 652 579). The company which is registered with AUSTRAC, which detects and prevents fraud, but that does not mean the exchange, or any other exchange in Australia, is regulated.
Can you clarify for me if Binance is accessible and permissible for use in Australia? It's my understanding that Binance, while having an international presence, maintains an Australian operation through InvestByBit Pty Ltd. However, I'm also aware that this company is registered with AUSTRAC, the organization responsible for detecting and preventing fraud. But does this registration actually signify that Binance, or any other exchange in Australia, is subject to strict regulation?
