Guides

Invest in Crypto Discretionary Family Trust Australia

Summary: The best way to buy cryptocurrency through with a Family Trust account is through CoinSpot. They offer fast and easy onboarding for Trust accounts and are the largest digital asset investing platform in Australia.

By 
Timothy Wilson
 on  
May 25, 2022
Verified Author

Family Trusts are a powerful tool for Australian investors to minimise their tax obligations on assets, while ensuring your family members are well looked after.

With that said, many Aussie investors have been wondering whether that scope of assets includes cryptocurrencies like Bitcoin, Ethereum and Solana.

This guide is designed to cover all-things cryptocurrency, family trusts and the underlying benefits.

Table of Contents

Can my Discretionary Trust Buy Crypto?

Discretionary Trusts can buy cryptocurrencies from licensed and regulated digital asset exchanges in Australia. The process is simple and can be outlined in 4 steps:

Step 1: Sign up to a trusted and regulated Australian exchange like CoinSpot.

Step 2: Verify your account as Business or Trust (as shown below).

Buy Crypto Discretionary Trust Australia

Step 3: Deposit Australian Dollars (AUD) from any bank account.

Step 4: Select the Crypto you want to buy and execute the trade.


Once you buy the Cryptocurrency in your Discretionary Trust account on CoinSpot, you will be able to securely store them on your CoinSpot managed wallet.


Tax Benefits of Buying Crypto with a Family Trust

As mentioned earlier, there are a myriad of reasons why it is beneficial for sophisticated investors to create a Family Trust. For cryptocurrency investing, those benefits include but are not limited to the following:

  • Discounts on Capital Gains Tax: You can get a 50% discount on capital gains tax for holding an asset like Bitcoin or Ethereum for over 12 months.
  • Tax Minimization: Distribute income or other capital earned to beneficiaries of your Family Trust to optimise your tax minimisation strategy.

As always, it is important to check in with a financial or accounting professional to make sure that you are getting proper guidance on tax for your Family Trust and crypto.

What is the Best Exchange for a Family Trust?

We generally recommend the CoinSpot cryptocurrency exchange as the best way to buy crypto through a Family Trust. They are the largest and safest Australian exchange that has over 2 million users on their platform.

The onboarding process for a Family Trust is also incredibly smooth on CoinSpot thanks to their professional and experienced Account Support team.

You can also buy and hold over 300 different cryptocurrencies through your Family Trust on their platform with low fees and secure storage.

Visit CoinSpot

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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