SMSF clients around Australia will have access to a range of new options for portfolio diversification, thanks to a new alliance between Bitcoin Trader and independent SMSF administrator Xpress Super.
The exciting new partnership will allow Xpress Super to expand its range of services, offering investment options in the revolutionary new asset class in the form of five, top-tier cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, DASH, and Ripple.
Bitcoin Trader CEO Nathan van den Bosch said he was very excited about partnering with a company that shared his own business values.
“Xpress Super is an innovative company, making them a leader in their field,” he said.
“We’re dealing with industry experts who have a great deal of experience, and who care about their customers.”
Mr van den Bosch explained that Bitcoin Trader was dedicated to maintaining a hands-on approach to client service, focussing on good relationships and open channels of communication.
“In fact, Xpress Super’s level of approachability follows the same ethos that we operate under here at Bitcoin Trader,” he said.
“It’s not like other places that only give you a website and an email address to handle your questions or problems: At Xpress there’s somebody to reach out to, who can hold your hand through the process.
“You can visit their office and have the kind face-to-face contact that helps to foster good trust in your service provider.”
Xpress Super CEO Olivia Long said the partnership with Bitcoin Trader was a positive step towards meeting growing levels of investor demand for cryptocurrency.
“We are being inundated with inquiries from SMSF trustees wanting to jump on board the crypto- currency bandwagon,” she said.
“Our role as SMSF compliance specialists isn’t to give advice to self-directed investors on whether this is the right investment option for their fund, but to ensure they are compliant if they do invest.”
Ms Long said the company needed to service an evolving investment scene, which had undergone substantial change thanks to new and emerging products and platforms, while committing to full regulatory compliance.
“One of the most difficult aspects of accounting for crypto-currency in an SMSF portfolio is meeting the audit requirements,” she said.
“We’ve overcome that problem by partnering with a cryptocurrency provider that specialises in SMSF services, and offers easy access to trade.
“Just as importantly, Bitcoin Trader provides SMSF accountants with a comprehensive package for year-end compliance to meet the rigorous audit requirements.”
This initiative comes hot on the heels of Xpress Super’s partnership agreement with Guardian Gold/Guardian Vaults, another partner with Bitcoin Trader.
Ms Long said Guardian Vaults is Australia’s leading safe deposit box facility, providing unparalleled levels of security.
“Its services provide physical asset protection of precious metals, diamonds, and cold wallet storage for crypto-currency,” she said.
“Clients can transfer their cryptocurrency investment to an offline, ‘cold wallet’ device, such as a Ledger Blue, which can then be stored in a fully-secure, safe deposit box.
“Cold wallet storage allows investors to have peace of mind about the digital security of their cryptocurrency investments, by keeping them completely offline and under their personal control.
“Our role as a low-cost SMSF administrator is to provide the tools that allow self-directed investors the confidence to know they are trading in these investments in a secure and compliant manner. This is what Xpress offers as one of the expert providers in this field.”
Bitcoin Trader is a digital currency brokerage firm providing a buy and hold strategy for high volume cryptocurrency investments.
Disclaimer: This content is for informational purposes only. It does not constitute investment or financial advice. Any information, material or commentary is intended to provide general information only. Information contained in this document has been obtained from sources believed to be reliable, but BT Brokerage Services Pty Ltd trading as Bitcoin Trader, makes no representation as to its accuracy or completeness. Before acting on any information contained in this document, each person should consider its appropriateness having regard to their own or their clients’ individual objectives, financial situation and needs. You should obtain independent taxation, financial and legal advice relating to this information and consider it carefully before making any decision or recommendation.