This was posted 3 years 14 days ago, and might be an out-dated deal.

Related
  • expired

Free $30 Worth of Bitcoin (BTC) for Signup and Verify @ Luno

3425
Free $30 Worth of Bitcoin (BTC) for Signup and Verify @ Luno
Go to Deal
camMMM on 07/11/2021 - 15:07 luno.com (7908 clicks)
Last edited 21/11/2021 - 14:06 by 3 other users
HELLOBITCOIN

Received as part of Hello Fresh box.

Free $30 worth of Bitcoin from Luno! Tested and works for same day withdrawal.

  1. Do not use referral. Using referral will void this deal.
  2. Download the Luno app.
  3. Sign up and verify your account.
  4. In rewards section, enter code HELLOBITCOIN
  5. To withdraw you will need to deposit $1.30 to cover their fee and then you’ll be able to withdraw straight away.

Important — Do not use the referral as this deal WILL NOT WORK! Only use the steps stated above.

Enjoy!!

Referral Links

Referral: random (86)

Referrer and Referee both receive A$35-A$75 worth of Bitcoin when referee deposits money into Luno wallet and buy or sell Bitcoin to the value of A$199 (Luno exchange not included)

Financial Cryptocurrency

Related Stores

Luno
Luno

closed Comments

  • Quotationz on 07/11/2021 - 15:14
    +5

    Thanks op! I sold and withdrew immediately with no issues

    • simplerick on 07/11/2021 - 16:02

      Did you sell it for aud and just withdraw to your bank account?

    • NotSteve on 07/11/2021 - 17:06

      how did you withdraw ?

      • Quotationz on 07/11/2021 - 17:11
        +3

        Sell btc and withdraw aud.

        • NotSteve on 07/11/2021 - 17:56
          +7

          cheers. paying for my KFC tonight.

          • UNO on 07/11/2021 - 18:16
            +4

            @NotSteve: I don't care, I love it!

          • 2024 on 08/11/2021 - 00:01
            +2

            @NotSteve: Wow, when bitcoin becomes worth a billion dollaroos, I'll remember this as the new 'pizza for 100bitcoin' moment!

            • buffalo bill on 08/11/2021 - 10:10

              @2024: Is that before or after quantum cracks the p2pk Satoshi key and other early addresses, leaving a 19 trillion dollar hack.

              I wouldn't want to be heavily invested in crypto that day.

              • rektrading on 08/11/2021 - 10:15
                +1

                @buffalo bill: Quantum isn't going to crack #bitcoin or any other digital assets. People that think that have NFI.

                • buffalo bill on 08/11/2021 - 10:38
                  +1

                  @rektrading: OK anon. I'll ignore what physicists and computer scientists agree on…

                  "Quantum computers are posing a serious challenge to the security of the Bitcoin blockchain. Presently, about 25% of the Bitcoins in circulation are vulnerable to a quantum attack."
                  "In a situation where a large number of Bitcoins is stolen, the price will most likely crash and the confidence in the technology will be lost."

                  That's from a PhD writer Deloitte, but same from Forbes, Decrypt etc. who share same view.

                  I'm not saying don't get involved in crypto, but for many reasons it'd be naïve for people to put their faith in the longevity of Bitcoin.

                  • rektrading on 08/11/2021 - 10:48

                    @buffalo bill: Quantum will be used by nation-states to hack the most valuable network in the world to steal its resources. That network isn't the Bitcoin network.

                    WWIII will break out shortly after that. Bitcoin won't be on people's minds when the nukes crisscross the Atlantic ocean.

                    • buffalo bill on 08/11/2021 - 11:17

                      @rektrading: Most nation states now run on more secure encryption and someone could only speculate about if that became useless, but the scientific consensus is the ability to break these early keys, and early less secure encryption is impending. In BTC's case, it only needs to happen once.

                      • rektrading on 08/11/2021 - 11:34
                        +1

                        @buffalo bill: Bitcoin will fork when the time comes. It will then continue to mine blocks for the next 120Y.

                        • buffalo bill on 08/11/2021 - 13:32
                          +1

                          @rektrading: Another bad scenario for Bitcoin. The day it ceases to become BTC and becomes "Bitcoin New", like BSV, BCH, Bitcoin ABC and all the others. People losing access to the fork due to unsupported wallets etc. One of many bad scenarios.

                          Do what you want, but be informed. Better to be in something else at that time IMO.

                          • Scythic on 08/11/2021 - 16:09
                            +1

                            @buffalo bill: It doesn't have to be BTC in the end? ETH, BNB and SOL

                            • buffalo bill on 12/11/2021 - 05:04

                              @Scythic: Exactly right. All crypto assets will be affected in price at that time, but it's probably good to invest in those that will not be functionally affected.

                              I don't like ETH much, overhyped and fees are killing it's usability. ie. Shib and Storg token reward payments are dying because of it.

                              BNB and SOL seem solid so far.

              • cfuse on 08/11/2021 - 18:44
                +4

                @buffalo bill:

                I wouldn't want to be heavily invested in crypto that day.

                You think that your bank's online security is ready for functional quantum computing? Invest in silver and guns.

                • buffalo bill on 12/11/2021 - 05:00

                  @cfuse: The first p2pk Bitcoin keys will be cracked before any bank who has kept up to date with modern encryption.

                  Although I don't advocate keeping money in the bank either. It's a sure way to ensure you are a loser as inflation eats away at your savings and the bank lends at a 7-1 ratio (give or take) against your savings, further diminishing your asset purchasing power.

                  • homersyd on 12/11/2021 - 14:25

                    @buffalo bill: so if not crypto or bank, then what should we do with our $?

                    • buffalo bill on 13/11/2021 - 02:57
                      +2

                      @homersyd: You've got low cap miners, blue chips, emerging tech (ie. battery and green tech), energy, Aussie property, Vanguard ETFs, Aussie property, minerals and yes crypto. The mix is up to you and depends of how much you want to manage and risk.

                      I'm not here to rubbish crypto; but it is a heavily manipulated market with a number of impending future issues and shouldn't be treated as bank savings. Price manipulation, whales, legislation and sentiment affect the market hugely and there are "assets" created solely to onboard new users funds so a few can withdraw. The rising price of Bitcoin and ETH to date doesn't equate to that being so indefinitely.

                      • Just a rant, not financial advice.
    • fLaMePrO on 07/11/2021 - 15:17
      +7

      You don't need an accountant to add a $30 CGT event. It even gives you the tool to add it in, you just need to know whether you are eligible for a discounted gain (answer is no if you're selling it straight away).

      • Wizard on 07/11/2021 - 15:21
        +5

        So that $30 you pay 100% tax on at your tax rate.

        So you would only be getting ~$19.80 after the CGT event.

        • fLaMePrO on 07/11/2021 - 15:26
          +13

          Okay. What is your point? It's still free money.

          And if you hold it, you could make even more :D

        • 2pro4sho on 07/11/2021 - 15:33
          +6

          You sound like my mate who says it's better to just gamble on horses as no CGT on gambling winnings.

          • fLaMePrO on 07/11/2021 - 15:36
            +5

            @2pro4sho: Someone is downvoting me for a helpful comment, and then again for telling people that Bitcoin might go up? lol

          • 2024 on 07/11/2021 - 15:43

            @2pro4sho: Only good if he backs $1.70 favs, that's how you make the monies.

        • illusion99 on 07/11/2021 - 20:14
          +5

          Incorrect - if you don't pay anything, then the purchase price is market value. If you sell straight away your profit from a tax point of view is $0. So no tax

          • SeVeN11 on 08/11/2021 - 11:28
            -4

            @illusion99: If you own less than $10k of crypto it's considered a hobby and you don't need to worry about taxation.

            If you earn more than $10k, receiving $20 of btc is the same as earning interest so that's tax immediately on you marginal tax rate.

            When you sell the difference between the sale price and the $20 is you capital gain and you pay tax on your marginal tax rate when you sale. If you held it for more than 12m then you get the 50% CGT discount.

            Here's some info I google on crypto tax.

            https://www.hrblock.com.au/tax-academy/tax-on-bitcoin-crypto…

            • camjl on 08/11/2021 - 21:55
              +2

              @SeVeN11: I think you have taken that $10k personal use asset threshold out of context there. It is only considered a personal use asset and eligible for tax exempt status if you are using crypto to purchase goods and services for personal use, ie as you do normal currency. The H&R Block link states that the crypto must be used for personal use goods and services AND the cost of the crypto is less that $10k. Nothing at all about having or earning < $10k of crypto and still being exempt.

              From the horses mouth;
              https://www.ato.gov.au/Tax-professionals/TP/Cryptocurrency--…

              Cryptocurrency is not a personal use asset if it is kept or used mainly:

              as an investment
              in a profit-making scheme
              in the course of carrying on a business.

              You might only have $100 of crypto. If you trade it, the ATO expects you to declare it. That's why it is starting to show up on people's prefills this year.

              ps Does anyone know of a good free/very cheap option to extract the data and then prepare CGT reports from varied and/or multiple trading platforms (coinbase, binance etc)? Having clients dabble with $50-$500, swapping regularly between crypto, especially partial holdings, is a right PITA for their accountant. To work out the CGT manually & correctly can easily cost the individual more than what their investment capital.

              • peterpeterpumpkin on 08/11/2021 - 22:57

                @camjl: Koinly has a free tier but the free tier doesn't let you print a report. My understanding is you just get a final figure. I don't trade crypto (just accumulate signup bonuses) so I haven't bothered signing up.

        • huuuuugo on 08/11/2021 - 09:41
          +4

          "Hey, do you want $20 for free?"
          "Yeah sure!"

          "Hey, do you want $30 for free? You will need to pay tax on that though."
          "Not worth it"

          ¯\_(ツ)_/¯ human brains are made from grey goo

          • rektrading on 08/11/2021 - 09:49

            @huuuuugo: Some @Wizard s are so worried about taxes that they don't want to take free money.

            ngmi

    • rektrading on 07/11/2021 - 16:16
      +2

      None of the 810 clicks will pay taxes on this free gift.

      • 2024 on 07/11/2021 - 19:18
        +2

        Shouldn't have to, as it's a free gift

    • buffalo bill on 08/11/2021 - 13:32

      How is it capital gains if you didn't invest?

  • Wizard on 07/11/2021 - 15:29

    Some people don't know that if you try hide CGT that doesn't end well.

    • illusion99 on 07/11/2021 - 20:18
      +12

      There is no CGT as your cost base is $30 not $0. From ATO point of view if you received an asset as a gift the 'price' you paid is the value on the day you received the gift

      • Harold Halfprice on 09/11/2021 - 07:37

        I received $10 free BTC from Coinspot and cashed it out straight away.

        I forgot all about it until the ATO sent me a letter stating that I had disposed of cryptocurrencies and need to declare CGT.

        • rektrading on 09/11/2021 - 07:52
          +2

          What is it to declare? They already know about the $10 and can add that to the tax return.

          They paying someone to write a letter and posting it just goes to show how inefficient and wasteful the feds are with taxes they collect.

          • Harold Halfprice on 09/11/2021 - 08:51

            @rektrading: It's an automated letter, because I didn't declare CGT for that financial year.

            They didn't handwrite a personalised message lol

            I called them and they said it's all good, not worth amending for such a negligible amount

            • rektrading on 09/11/2021 - 09:12

              @Harold Halfprice: The letter is a template but it takes a human to do the process of check, printing, folding and mailing the letter.

              Government agencies are littered with red tape and jobs that only exist so that the ministers in charge can ask for a bigger budget.

              There is no wonder why the majority of people are sick of their wasteful spending with nothing to show for it.

              France to bill Australia over submarine deal, as Britain’s Johnson tells Macron: ‘Donnez-moi un break’

              French President Emmanuel Macron with Australian Prime Minister Scott Morrison in Paris in June. Morrison said he told Macron during this visit that Australia had concerns over the submarine deal it had signed with France. (Pascal Rossignol/Reuters)
              By Rachel Pannett
              September 23, 2021 at 2:38 a.m. EDT
              https://www.washingtonpost.com/world/2021/09/23/submarine-fr…

              They pull stunts like this and then turn around and bill the taxpayers.

              • puffinfresh on 09/11/2021 - 09:32
                +1

                @rektrading: Printing, folding and mailing are all done in batches using machines. There's no chance every letter is being checked.

                Yes, they could set a parameter in their printing to say if the amount is less than X, then don't include them. But they probably figure it's better to let people know about the small amounts so they don't think they can get away with large amounts next time.

            • peterpeterpumpkin on 13/11/2021 - 16:30

              @Harold Halfprice: So did they say you had to pay capital gains on $10 with a cost base of $0? Or to enter $0 as capital gains with $10 as the base and sell value? And did they say it's a gift or does it count as $10 income?

              • Harold Halfprice on 13/11/2021 - 19:36

                @peterpeterpumpkin: I can't exactly remember - because I didn't need to do anything as they didn't care about it.

                But the amount of CGT owed was very very small, we're talking cents.

                So I'm assuming what happened was the $10AUD BTC appreciated in the very very short time I had it before selling. So if it went, for arguments sake, to $10.50AUD, then it'd be capital gains on the 50c gain.

                That makes sense, because if it was a base of $0, and a capital gain of $10 AUD then the tax would have been higher.

                • peterpeterpumpkin on 13/11/2021 - 21:44

                  @Harold Halfprice: Thanks. That makes sense and clarifies it a bit.

                  Remind me of the hassle with leaving my sign up bonus in Spaceship voyager. Made some cents and it's become more trouble than it's worth. My accountant didn't charge me for it (there's normally an additional fixed fee for shares and managed funds) but then they didn't add it to the return either. I don't know if it's ignored like bank interest under $1 but I hate receiving letters from government agencies.

    • ChipsChicky on 08/11/2021 - 22:38

      how much would be CGT on this ?

  • fLaMePrO on 07/11/2021 - 15:32
    +2

    Does this stack with the referral system? I should have checked that first.

    It's not on this page, looks like it only works on the luno.com domain as seen here: https://www.ozbargain.com.au/node/591566

    • 100KK on 07/11/2021 - 17:51

      No it does not and did not apply to me aa I tried to sign up and apply the code. Either referral code or use this promotion code. Judging by CGT comments and privacy concerns it seems $20 after tax isn't everyone's cup of free crypto lol

  • easternculture on 07/11/2021 - 15:33
    +2

    kyc required to recieve bonus?

    • Gaz1 on 07/11/2021 - 15:41
      +2

      (not to be confused with kfc)

      I'd be interested to know the identity documents required & if they do a credit check?

      • rw on 07/11/2021 - 15:43

        Photo of passport or licence and selfie

        • easternculture on 07/11/2021 - 15:50

          but is it required to recieve the bonus

          • rw on 07/11/2021 - 15:55
            +1

            @easternculture: Yes

            • easternculture on 07/11/2021 - 15:59

              @rw: ah ok. ill give it a pass. now only using platforms that dont require KYC.

              • Cheap Skate on 07/11/2021 - 16:20

                @easternculture: Hey ec, could you recommend a non KYC platform? Thanks.

                • easternculture on 07/11/2021 - 16:26
                  +2

                  @Cheap Skate: Hotbit or Pancake swab via Crypto Wallet
                  also there are ways to top up your account with USDT and remain anonymous

              • szy2k on 07/11/2021 - 16:31
                +3

                @easternculture: good luck with that.

                • easternculture on 07/11/2021 - 16:46
                  -8

                  @szy2k: already doing it.
                  turn around in my trust wallet about 250 to 500 per day via new meme tokens

                  also have a few trillion of kishimoto inu in hotbit, high chance it will be successful like shiba

                  • ajr5k on 07/11/2021 - 17:08
                    +5

                    @easternculture: "high chance"
                    Get lost.

                    • easternculture on 07/11/2021 - 17:09
                      +1

                      @ajr5k: already 10x, bought on listing
                      also my $PETS is 15x

                      • ajr5k on 07/11/2021 - 17:11
                        -2

                        @easternculture: How exactly could you be 15x? I looked at the price of this and you have literally said something impossible.

                        Edit: Oh I see it has changed to 10x. That is possible. Congratulations.

                        • easternculture on 07/11/2021 - 17:12

                          @ajr5k: bought at 0.4 (hotbit currency), sold and bought multiple times, got my initial investment back to buy other things. Anything extra is a bonus

                          15x is my PETS

    • pompompom on 07/11/2021 - 16:39

      What is wrong with getting a kyc check ? Does it impact you somehow ?

      • easternculture on 07/11/2021 - 16:47

        CGT

        • johnnytran on 07/11/2021 - 23:45

          How do you plan on making any withdrawals without KYC somewhere?

          • rektrading on 08/11/2021 - 00:27

            @johnnytran: Spend it in countries that use it as legal tender or currency for payments.

      • rektrading on 07/11/2021 - 16:54
        +2

        The ethos of digital asset ownership is that it's anonymous.

    • MuddyClear on 07/11/2021 - 17:21

      Kyc?

      • easternculture on 07/11/2021 - 17:28
        +2

        know your customer

      • rektrading on 07/11/2021 - 17:28
        +10

        Kentucky Young Chicken

  • Truck-kun on 07/11/2021 - 15:49
    +2

    is luno considered safe platform? just wondering if kyc identity check is worth 30aud

  • peterpeterpumpkin on 07/11/2021 - 15:52
    +18

    You might want to add that HELLOBITCOIN is only valid if added in the app, even though you can sign up through the linked website (the image attached says to download the app). Using a PC can be frustrating anyway when you need to take selfies with a phone anyway.

    • 2024 on 07/11/2021 - 15:55
      +3

      Was just about to post

      This promo code can only be applied through the Luno mobile app

  • babolat360 on 07/11/2021 - 16:09

    Can the BTC be withdrawn to an external wallet? If so, can anyone advise what the withdraw fee is?

    • vodamerc on 07/11/2021 - 16:25
      +4

      They make you wait 14 days to enable withdrawals. Dynamic fee apparently.

      • babolat360 on 07/11/2021 - 16:59
        +2

        I see. Cheers for the reply!

  • Hargen on 07/11/2021 - 16:11
    +7

    Probably not worth for the sake of $30 to upload your passport to a non regulated entity in Australia. Imagine if that website is hacked and someone use your ID to take out a loan in your name or launder money with an account in your name.

    • Yarra Warrior on 07/11/2021 - 16:34
      +5

      Hi mate,

      Just checked it and found that they were actually already registered under AUSTRAC. So I believe this should be legit thus far.

      • Hargen on 07/11/2021 - 16:55
        +6

        You need to look at their privacy policy

        International transfers of your personal data

        Luno is a global organisation and, in the course of providing our products and services to you, your personal data may be transferred to, stored and processed outside of the jurisdiction in which you reside, and the laws of those countries may differ from the laws applicable in your own country. For example, data collected in the European Economic Area (EEA) may be transferred to, stored and processed at a destination(s) outside of the EEA (including the United States of America).

        By accepting this Privacy Policy, and then submitting your personal data, you expressly consent to the transfer, storing or processing of such personal data outside of your jurisdiction.

        This means they can transfer it anywhere in the world and hold your passport information there. Austrac registration is required for them to provide digital currency service. The risk here is that your personal data could be transferred offshore to a country which generally for passport related information is a no no.

        • Yarra Warrior on 09/11/2021 - 15:22

          Aha great, this is the part which I have missed then in terms of how the personal data is stored, transferred and processed.
          Thanks for pointing out, mate! Cheers.

    • bustabesta on 08/11/2021 - 05:15

      Stop talking about things you know nothing about. They are regulated in Australia and are safe.

  • simplerick on 07/11/2021 - 16:13
    +3

    So do I understand correctly that $30 would be your base cost, so if your BTC increased to $40 and you sold it, your capital gain is $10, not $40?

    • Hargen on 07/11/2021 - 16:23
      -2

      Nope your cost base is $0 so if whatever you cashed it out for is your capital gain.

      • simplerick on 07/11/2021 - 16:25

        How does that differ to cash bonuses when you open a bank account? Are cash bonuses like Revolut and opening a bank account subject to CGT?

        • Hargen on 07/11/2021 - 17:53

          That is on your tax return as an income. I have received cash bonus from CBA for mortgage refinance and it shows up on your prefill tax return as bank interest income.

        • Jazza2400 on 08/11/2021 - 13:43

          crypto is treated like property in Australia so CGTs

      • peterpeterpumpkin on 07/11/2021 - 16:45
        +3

        I don't think that's the case. The cost base of a gift is the market value of the assets at the time of the gift.

        Otherwise, the ATO would be double dipping. The giver must determine the capital gains and losses on any gift.

        (The receiver of a gift doesn't pay income tax on that gift - prior to disposal - but may be subject to market rate duties based on the type of gift, such as in the case of cars and houses).

Login or Join to leave a comment
Login Join