Invest in crypto with Australia’s #1 platform

There are significant risks associated with trading cryptocurrencies due to their highly volatile nature. Note, the following list of risks provided is not exhaustive: 

• Cryptocurrencies are highly volatile assets, and as such, there is a potential for significant financial losses including total loss of investment over a short period of time; 

• Stablecoin categories of cryptocurrencies also pose risks and may undergo a decline in their market value, possibly leading to partial or total loss of investment; 

• Cryptocurrencies, being digital assets, are susceptible to fraud, cyberattacks, and technical issues, which may lead to you losing your cryptocurrency; 

• The value of a cryptocurrency may be contingent on the ongoing willingness of market participants to exchange fiat currency for it, and in the event the market for that cryptocurrency collapses, there is a potential for a permanent and total loss of value; 

• A cryptocurrency transaction, once executed, may be irreversible and as a consequence, losses incurred as a result of fraudulent or accidental transactions may not be recoverable; 

• Buying or selling cryptocurrencies may lead to novel tax implications and tax reporting obligations; and 

• You may suffer market losses during periods of heightened volatility in the price and volume of specific cryptocurrencies, particularly when system issues arise, leading to the your inability to buy or sell when you want to. 

Cryptocurrencies are digital assets that can be bought and sold online, similar to other investments. They are not issued by companies or governments, and their prices are driven by market demand rather than company earnings. Many investors choose to include a small amount of cryptocurrency in their portfolio to diversify, while recognising that prices can be volatile. 

You can start investing in cryptocurrency on CMC Invest from $25 AUD, plus any applicable fees and charges. This allows investors to gain a small amount of exposure without committing a large sum, which can be useful for those new to cryptocurrency or looking to diversify their portfolio.  

CMC Invest allows you to buy and sell cryptocurrency in Australia alongside shares and ETFs in a single share investing platform. You do not need to open a separate cryptocurrency exchange account, manage digital wallets, or store private keys. This makes cryptocurrency investing simpler and more familiar for investors who already invest in traditional assets. 

When you buy cryptocurrency on CMC Invest in Australia, you have beneficial ownership of the underlying cryptocurrency. The asset is held securely on your behalf within the platform, similar to how other investments are held, without you needing to manage a personal crypto wallet. 

CMC Invest offers access to 8 established cryptocurrencies including Bitcoin, Ethereum & Solana. The available cryptocurrencies can be viewed directly within the platform, and the range may change over time as markets evolve. The focus is on providing access to well-known digital assets.

CMC Invest partners with Paxos, a leading blockchain infrastructure and custody provider, to support its digital asset offering. 

Cryptocurrency is held using institutional-grade custody arrangements, with assets managed securely on your behalf. You do not need to manage wallets, private keys, or transfers, as everything is handled within the platform. Paxos keep cryptocurrencies in cold storages to ensure assets are secure.

No. Cryptocurrency purchased through CMC Invest cannot be transferred to external wallets or other platforms. CMC Invest operates as a closed-loop system designed to keep cryptocurrency investing simpler and reduce the risks associated with managing digital wallets and blockchain transactions. 

Cryptocurrency is generally considered a higher-risk asset class due to price volatility. Some investors choose to use cryptocurrency as a small allocation within a diversified portfolio rather than as a core investment. Whether it is suitable for you depends on your financial situation, investment goals, and risk tolerance.

Cryptocurrency itself is not regulated in the same way as shares or managed funds in Australia. However, CMC Invest is a regulated Australian financial services provider and operates under Australian regulatory requirements, including operational and client protection obligations. 

Cryptocurrency investing may have tax implications in Australia. In many cases, profits or losses from cryptocurrency transactions are treated as capital gains or losses, depending on your individual circumstances and how you invest. You may be required to keep records of your transactions for tax purposes. 

CMC Invest does not provide tax advice. You should consider speaking with a registered tax professional or refer to guidance from the Australian Taxation Office to understand how cryptocurrency trades may be treated in your situation. 

Yes. CMC Invest provides a range of educational resources designed to help investors learn more about cryptocurrency and investing more broadly. This includes guides, and articles available through the Knowledge Hub. Select the ‘Cryptocurrencies’ filter to sort articles.

To start trading cryptocurrency with CMC Invest, log in to your account, choose a cryptocurrency, and place a trade. You can begin with a small amount and adjust your exposure over time based on your investment approach.

Mining is the process of adding new transaction records as blocks to the existing blockchain. Miners use specialised hardware and software to compete to solve complex mathematical problems and add new blocks to the blockchain. Once a block is added - the miner who successfully added it is rewarded with new units of cryptocurrency known as 'block rewards'. Miners can inject these units directly back into the market. Due to their crucial role in the process, miners have a degree of ownership over their bitcoins within the blockchain. 

The blockchain is a shared digital ledger which holds a record of all bitcoin transactions. Each cryptocurrency transaction is grouped together into 'blocks' by miners, who compete to add new blocks to the blockchain by solving complex mathematical problems. In return, miners are rewarded with newly created bitcoins. 

The transactions are then cryptographically secured before they are added to the existing blockchain. Each 'node' or computer connected to the network automatically downloads a copy of the blockchain which allows everyone to track transactions without the need for central record keeping. 

The blockchain is accessible to everybody at any time. The shared record can't be changed without the agreement of the rest of the network.