The answer
For investors, a crypto-for-crypto swap is generally treated as disposal of the outgoing asset for Australian CGT purposes even if no AUD is received.
What to do next
Record the AUD value of the outgoing and incoming crypto at the time, plus fees and cost-base information.
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Frequently asked questions
Can I avoid CGT reporting simply by never withdrawing to a bank?
No. Crypto-to-crypto disposals can trigger CGT without a fiat withdrawal.