Do I pay Australian crypto tax when moving Bitcoin to my own hardware wallet?

Ordinarily, transferring crypto between wallets you own is not a disposal for Australian CGT, although a coin amount spent as a transaction fee can have its own tax consequences.

The answer

Ordinarily, transferring crypto between wallets you own is not a disposal for Australian CGT, although a coin amount spent as a transaction fee can have its own tax consequences.

What to do next

Keep a record showing ownership of both wallets, transaction hash, amount, network fee and any relevant valuations.

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Frequently asked questions

Is selling Bitcoin to AUD different from moving it to cold storage?

Yes. A sale is generally a disposal; a same-owner transfer usually is not.

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