u/Hefty_Efficiency_328

Using crypto in Australia

Hi I know using crypto in Australia means the tax office is notified and I'm supposed to claim it under capital gains tax. I have not bought or used crypto for any purchases yet I just search until I find PayPal and bank transfer sites which is limited. I'm on a pension and don't have to do any tax forms now and trying to avoid it. Can any Aussies who use crypto for gray let me know if there's a threshold amount I can spend for purchase without informing ATO, and if not how is your experience of dealing with the whole tax office thing or any workaround.

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u/Hefty_Efficiency_328 — 4 days ago