To celebrate the amazing 2024 AFL season, we're giving you $20 worth of Bitcoin for free!*.
Join over 350,000+ Aussies who trust bitcoin.com.au to buy, sell and store Bitcoin and crypto.
- Get instant deposits (PayPal, bank transfer and credit/debit card)
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- $20 of free Bitcoin when you sign up*
Signing up is easy and takes a few minutes!
Verification is a PITA, but $20 is $20 (until it isn't)
Referrer and referee get $10 after referee finishes account verification and makes first trade.
Never heard of this exchange. Sounds like a scammy site
Independent Reserve is their parent company. You might be familiar with them, they are one of the earliest exchanges in Australia formed in 2013. They are legit.
ABN is active - https://abr.business.gov.au/ABN/View?abn=46164257069
You need to be a valid company or entity to register for the .com.au domain. I don't think this is a scammy website.
All you need is an ABN
Used to be, pretty lax now. Only need some connection to the domain (ie could even just have scammy articles about Bitcoin and it would qualify)
does this stack on the referral?
Is this legitimate website
Yes, they are an Australian exchange.
ABN is active - https://abr.business.gov.au/ABN/View?abn=46164257069
Thanks
Independent Reserve is their parent company. You might be familiar with them. They are as legit as they come.
ftx was also legit.
They don’t appear on the Sydney swans sponsorship list on the swans website.
Independent Reserve are.
Terms and conditions
1. The promotion is valid between 30th Jan 2024 and 29th Dec 2024, both dates inclusive (“Promotion Period”).
2. The promotion is valid for accounts created between 30th Jan 2024 and 29th Dec 2024, both dates inclusive (“Promotion Period”).
3. To qualify for the AUD $20 worth of Bitcoin you must register with bitcoin.com.au and complete your ID verification.
4. Each customer will only be awarded once during the Promotion Period.
5. The Promotion is available to new customers only.
Does this stack with the referral bonus?
I got to the fourth step, where I had to hold my ID next to my face and upload a photo.
Yeah, that's not going to happen. Even government websites don't ask for this.
If a company or its employees misuse a photo of you holding your ID, it could lead to a variety of negative consequences. Here are some of the potential risks and unethical uses:
Taking Out Loans: Fraudsters could use the photo and ID to apply for loans or other financial products, leaving you responsible for debts you didn’t incur.
Social Engineering Attacks:
Phishing Attempts: Cybercriminals could use your personal information to craft convincing phishing emails or phone calls aimed at tricking others into revealing more personal information or making financial transactions.
Manipulating Friends/Family: If the fraudsters gain access to your social media, they could use your identity to trick friends or family into giving them money or information.
Selling or Sharing Data Illegally:
Data Brokers: A company could sell your photo and personal details to data brokers or other third parties without your consent. These entities may use your information for targeted advertising, profiling, or reselling it to other companies.
Black Market Sales: In worst-case scenarios, personal data including photos and IDs can end up being sold on the dark web, where it's often purchased by scammers and cybercriminals.
And much much more.
ANZ plus asks you do hold your ID
then go to a branch and do it.
Nothing wrong with showing your ID when youre there.
But taking a photo of your face next to your ID and then uploading it is completely different.
also ANZ have many branches you can go to.
Pretty sure ANZ plus is app only; I’m just stating that there are companies in Australia that ask you to do it
I had to upload my Passport photo to the dodgy Indonesian visa site for a recent trip to Bali.
I feel this is actually safer 🤔
CBA asked me to do this.. for accounts Ive had open for 20 yrs.. I escalated it to complaints (assumed it was a scam coming from official CBA email addresses). Nup, it's legit.
So …welcome to 2024!
There was a countdown timer on the app. I let it run out…I ain't doing it.
then go to a branch and do it.
Nothing wrong with showing your ID when youre there.
But taking a photo of your face next to your ID and then uploading it is completely different.
And what do you think the branch will do with such images ???
You can't simply verify your mug in the branch. Needs to be uploaded to xyz Dept.
That's a requirement for AML and KYC, otherwise they'll get sanctions from all possible financial authorities.
But I totally agree, giving them any real information you expose yourself and your money. Even though you have your primary account redistricted on another email, verified by another phone (which is unlikely), you can't replace your face. While they can store and sell your biometric to the guys that will use it to get to your primary account.
$20 worth of Bitcoin free, will only cost you $29~ to withdraw…..
HODL
BTC withdrawal fee is ~AUD$29.
BTC->AUD sell fee is 1%? Then AUD->Bank withdrawal is free?
I don't have an account, just going by their website.
It will take a AUD$200 offer for me to sign up, otherwise it's just work.
And don't forget an accountant will charge you an extra $80 to process your crypto transactions at tax time.
I do my own tax return.
I find it outrageous that tax accountants charge upwards of $400 to enter a few numbers on a form for personal income tax return. I have to do all the prep work anyway,
@purple1: So do I.. Then got a 7yr audit.. then had to pay an accountant. At this point I realised the "diversify your investing" is a bad idea. Accountants fees for each sub item…spent 3 weeks scanning documents to 3am. Spent 15 mins with the accountant (everything was accounted for and correct)..and that was $1500 (yep..i did all the work) ..and guess what ..the accountant failed to meet the ATO lodgement date..and they scrubbed all my deductions (even though they already had my logs..so got.it wrong). The accountant still wants $770!! Now need to find a lawyer for the accountant and the ATO
…FML
Also will cost you a few extra steps with ATO.
Yes, you soon realise crypto is in the interest of the government.
Ie. Buy $1000 worth of coin A. Transfer it to an exchange for Coin B (tax event).
Stake it for 10% yield ( $100 tax event).
Coin B loses 10% of its value. You hold a coin now worth only $900 …but still need to pay the ATO $100 in income tax! But get to keep a $100 future CGT loss.
Repeat scenario above in second year. Coin is worth less, again tax is still payable again (as staking is an income tax, not a capital gain).
Extra accounting fees for crypto.
If you bought in mid 2021 and staked..this is the recurring pattern.
In summary…it's not with it.
All you need to do (in the ATOs eyes) is a be a baby boomer. Buy a dozen properties. Pay them tax on rental earnings…deduct costs off your income tax (negative gearing doesn't become a CGT offset like crypto). Big difference.
Meanwhile, you are not allowed to use the biggest crypto exchange with AUD. So you get extra headache and fees to do it other way around. But don't forget to pay taxes if you managed to do it.
Thanks OP.
Verification process seems dodge
I reckon a good old fashioned nigerian scam would be less of a pain in the arse than this one.
signed up.. I just wait for verification now?