Self Managed Super Funds

About Self Managed Super Funds

As bitcoin, ethereum and other cryptocurrencies begin to develop further as the future of money and storage of value, many people are thinking about adding cryptocurrencies to their self-managed super fund (SMSF).

HiveEx offers this service for Australians with a SMSF, and can get you set up with no upfront fees and walk you through the setup to hold digital assets in your portfolio.

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Contact us today to find out how we can get your SMSF into cryptocurrency.
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What are cryptocurrencies?

Cryptocurrencies are digital tokens that have a value, just like a $10 note is a physical token that happens to have $10 worth of value.

The problem with digital currencies is that they're purely electronic. Just like a photograph on the Internet can be copied and replicated over and over again until the original is worthless, the same thing could happen to a coin.

In order for a cryptocurrency to have value, a coin needs to be unique and unreplicable.This was made possible by the invention of blockchain technology.

On a very high level, a blockchain records and verifies information as it’s transacted over the internet, validating what happens and who truly owns each bit of data. In the case of bitcoin and cryptocurrencies, this validates that once person A has sent person B a bitcoin, that it now belongs to person B and person A now has no ownership of it.

What are cryptocurrencies used for?

Cryptocurrencies are seen by many as the future of money and transactional value. Bitcoin and other currencies such as ethereum, ripple and EOS all have different use cases, that can help multiple industries. For example:

  • Bitcoin is seen to be the future of the storage of value, a digital replacement for gold
  • Ethereum many believe to be the basis for the future of the internet, where different applications will host themselves
  • Ripple and its XRP token want to, and have already started to shake up the traditional banking world, replacing aging technology such as SWIFT. Their xRapid system is behind a radical change in global banking to allow instant transfers of funds, at lower fees across the globe.
  • Then there’s the likes of the BAT token, Sendy or Rentberry which are tokens for companies in existing industries that want to use the idea of transparency in the blockchain to shake up their respective industries: media, communication and the rental market.

Why put cryptocurrency in my super fund?

Ultimately you should speak to your accountant or a finance professional to give you advice and direction around your super fund and how you should invest it. Cryptocurrencies are inherently very risky, and like any storage of value could drop to zero.

But the potential upside for the industry is also massive, with just about every industry in the world open for disruption with blockchain and cryptocurrencies. We are currently at ground zero of this disruption - think the old black and green DOS computer systems, compared to the latest iPhone XS. This is the difference between where we are and how far we still have to go.

Of course, feel free to get in touch and we can either talk to you on the phone or you can come into our Sydney office to learn more or get set up. We’re backed by the same crew behind finder, Australia’s largest comparison site and our team of traders has decades of traditional finance experience behind them. So we know what we’re doing.

To learn more about how hiveex can get you started with self managed super funds:

Brad Silver
head of trading
bradsilver HQ is located in Sydney, Australia
Level 10, 99 York St, Sydney, Australia
ACN: 624 470 417

With Offices in the US
32 East 31st, 4th Floor New York NY 10016

And Poland
Komandorska 12ul. Komandorska 12 (level 3) 50 – 022 Wrocław

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HiveEx is a trading name of Hive Empire Trading Pty Ltd, a subsidiary of Hive Empire Ventures Pty Ltd. Hive Empire Ventures (trading as Finder Ventures) is a related party of Hive Empire Pty Ltd, which owns and operates and

Hive Empire Trading Pty Ltd (trading as is registered with AUSTRAC, since April 23, 2018.

© Copyright 2019 Hive Empire Trading Pty Ltd
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies and ICOs are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own independent legal, tax and accounting advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision.