OptimCoins: Understanding Realised and Unrealised Gains in Cryptocurrency

OptimCoins: Understanding Realised and Unrealised Gains in Cryptocurrency Understanding realised and unrealised gains in cryptocurrency helps investors distinguish changes in the value of assets they still hold from results arising when assets are sold or exchanged. A portfolio may display a positive balance movement without the investor having completed a profitable sale. Equally, an investor […]

Crypto Portfolio Management: An OptimCoins Guide to Tracking Cost Basis and Performance

Crypto Portfolio Management: An OptimCoins Guide to Tracking Cost Basis and Performance Crypto portfolio management involves more than checking whether the account balance has increased. Deposits, withdrawals, purchases, sales and fees can change the figures displayed without showing how the investments themselves have performed. An investor might add A$1,000 to an account and see its […]

Cryptocurrency Tax in Australia: What Investors Should Understand

Cryptocurrency Tax in Australia: What Investors Should Understand Cryptocurrency transactions can create tax obligations even when you do not withdraw money into a bank account. Selling digital assets, swapping one cryptocurrency for another or receiving certain rewards can all have tax consequences. For Australian investors, understanding these obligations starts with recognising what each transaction involves […]