What to consider before your self-managed super fund takes the plunge
Key considerations for SMSF trustees before investing in crypto assets
An increasing number of self-managed super funds (SMSFs) are exploring crypto assets as part of their investment mix.
According to the ATO’s March 2025 quarterly statistical report, Australian SMSFs now hold approximately $1.675 billion in crypto assets.
If you’re thinking about adding crypto to your SMSF, here are some key considerations before making the move.
Understand the Risks
While crypto assets may offer diversification benefits, they are highly volatile and come with unique risks. As a trustee, you must evaluate whether investing in crypto is appropriate for your fund’s investment strategy, including:
- How it aligns with members’ retirement objectives
- The fund’s risk profile and overall asset allocation
- Liquidity requirements and regulatory obligations
Crypto Investment Requirements for SMSFs
If you decide to proceed with crypto investments, make sure your SMSF complies with super laws and best practice guidelines.
Name Your Wallet Correctly
Your crypto wallet must be registered in the SMSF’s name—not your own. This helps demonstrate legal ownership by the fund.
Keep Assets Separate
Personal and SMSF crypto assets must never be mixed. Blending personal and fund investments is a breach of the separation of assets rule under superannuation law.
Use Legitimate Trading Platforms
Only trade on reputable, regulated platforms. Look for:
- ABN or ASIC registration
- HTTPS-secured websites
- Positive independent reviews
- Transparent policies and platform governance
Maintain Detailed Records
SMSFs must document all crypto transactions—purchases, sales, transfers, and wallet activity. Disposals (e.g. selling crypto or converting it) can trigger capital gains tax (CGT) obligations, so detailed records are essential.
Store Wallet Information Securely
Never share your wallet password. Store access credentials securely to prevent unauthorised access or theft.
Avoid Related Party Transactions
Transactions involving related parties must always occur at arm’s length and be clearly documented.
Keep Valuation Records
You’ll need to provide market valuations of crypto assets for your SMSF’s year-end financials and audit.
Watch for Crypto Scams
The ATO and ASIC have reported increasing cases where SMSF trustees have lost crypto assets due to:
- Theft or hacking
- Lost passwords
- Fraudulent or unlicensed platforms
- Impersonation and phishing schemes
Stay up to date on scam warnings via:
- ATO website – SMSF and crypto scams
- ASIC’s Moneysmart website
- Scamwatch
Final Thoughts
Crypto may have a place in an SMSF, but only when approached with caution, robust record-keeping, and strict adherence to superannuation rules. Speak with a qualified adviser to ensure any crypto investment strategy meets your fund’s compliance obligations and long-term goals.