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Most secure storage for individuals, buy now regret later. Sheesh I wouldn't still be here if I had bought years ago, probably.
Trezor Cryptocurrency Hardware Wallet Model One A$48.20 Delivered @ Trezor
200
SoapyWooder on 26/05/2025 - 16:35 trezor.io (986 clicks)
Last edited 26/05/2025 - 16:38 by 1 other user
Last edited 26/05/2025 - 16:38 by 1 other user
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This. Wouldnt touch ledger with a barge pole with their seed recovery crap. Mines been emptied and chucked in a drawer.
You mean the seed cloud option? Yeah I wouldn’t do that either, but to be clear it’s opt-in.
Let's be clearer, it's in the base code, so just one more attack surface.
Tangem Wallet is a secure, user-friendly hardware wallet in card format that supports multiple cryptocurrencies and requires no battery.
What's the difference in the models i.e. 1,3 and 5
1 = basically only bitcoin storage
3 = loads of crypto storage
5 = loads of crypto storage with a touchscreen.I think.
The link says that the 1 supports 1000s of coins.
1: cheap
3: cheap + secure element
5: touchscreen
if only this had usbc
Trezor Safe 5 Does
I know bu that’s extra $200
I don't read "buy now regret later" as being a complimentary comment (as specified in the deal blurb)
Sounds like experiencing buyer's remorse after making the purchase……I've got a Model T. Should I upgrade?
Tangem All day.
Made my own, safer. Uses "multiples" to make it work/accessible ;)
Don't trust this or ledger etc as the code etc can be stolen, reverse eng, or cracked….How does one make their own?
A piece of paper works too, but I'm assuming you don't mean that?
You wrote your own code too? lol bs
wouldnt touch this..only tangem wallet is the most secure
Dont they tax you on it regardless. Cold storage or one exchange.
There are ways to avoid it using certain coins like monero and no kyc exchanges.
Which exchange have no KYC? Also why Monero is tax free? Thot every asset buy and sell will trigger CGT event. Thanks
Monero is not tax free. But it's hard to track if you're using it correctly.
They will remove tax on it in a few years anyway
Is this a joke or for real? Haha
I think they must be trusting a plan or something.
Seems like a joke though.There was a recent case in VIC where stolen BTC was called "stolen property" and the judge said it's more like stolen money than stolen assets. People are hoping that if governments start seeing it as currency, it won't be subject to Capital Gains tax (since cash isn't).
I suppose it would be more like trading to and from a foreign currency if it does change. Obvs look into this more rather than just taking my random comment as gospel, etc.
The point of a hardware wallet is to not have an IOU on an exchange. A lot of exchanges have been hacked or/and gone bankrupt.
My Bitcoin SMSF and my personal Bitcoin stash both have seperate hardware wallets, I would never risk leaving anything on an exchange.
Pmed you
Are you using Trezor, Ledger or other?
I use a BitBox 02 - Bitcoin only edition. It's more expensive but I like the company, Swiss made and the App is really nice. Solid reputation on Reddit.
I only buy Bitcoin, so I don't want to get a hard ware wallet with additional attack vectors. There is also a Blockstream Jade that is a nice budget option, got my parents that one.
For btc SMSF, when u transferred to hardware wallet is there any complications in reporting/audit? Thanks
No issues. My SMSF is fully compliant and has been through multiple annual compliance audits with no issues. Don't leave your Bitcoin on an exchange. Don't co-mingle your personal and SMSF stashes either. And ensure you have created a separate SMSF exchange account.
@SoapyWooder: Approx $1300 for ESuperfund (first year free) + $ Audit + $ ATO fees. Maybe about $1650 total in second year. My gains have consistently offset these fees by a massive amount. I keep stacking sats using employer super contributions and I max out my concessional caps per year.
@Lucille Bluth: So when you transfer out your SMSF bitcoin to hardwallet, how did you report it TO SMSF auditor? Every year, we usually give financial report from the exchange even if no sell. Thanks
@Bargain-er: You provide your Bitcoin wallet address, and a PDF/screenshot of what the value was on 30 June. The auditor then can verify the address and check and match up all the transfers to and from the exchange.
Further info https://www.esuperfund.com.au/other-assets/crypto/hardware-w….
Auditing Cryptocurrency Owned in a Hardware Wallet
At financial year end, as part of the audit purchase ESUPERFUND will prompt you to sign a document confirming that the hardware wallet is owned by your SMSF, the amount of cryptocurrency stored on that hardware wallet and all cryptocurrency stored on that hardware wallet is held by the SMSF
Could you please provide more info about how one goes about setting up a bitcoin SMSF please and does it make sense at smaller super size?
I would recommend going to www.esuperfund.com.au who are the accountants who did it for me. First year is free.
From moment I started the process and rolled over my entire super balance to the SMSF it took about two weeks. They have a checklist of everything you need to provide them. It's not difficult.
Re: super size that depends. In second year the fees in total are about $1600-1700. I started with under $100K and the value of my super in BTC holdings have quadrupled, far out performing a traditional super fund, even with a -75% bear market.
governments can do whatever they want , look what the ozzie govt wants to do to "super" and paper profits, …. worst than the mafia???
If BTC only go seedsigner.
This or Ledger?