Is it Possible to Invest in Bitcoin in Your IRA?
🙋🏽♀️ QUESTION: Hey Dave, “Is it possible to invest in Bitcoin and Crypto in my IRA?”
Yes, you can. There are several ways to diversify your investments and gain crypto exposure in your IRA. Plus, all crypto IRA transactions are tax-free. (Typically, outside an IRA, all crypto transactions are either taxed as income or capital gains.)
The three major ways to gain exposure to bitcoin and crypto in your IRA:
1.) Invest in businesses that are directly or indirectly involved with the cryptocurrency and blockchain industry. (ex: Coinbase, Microstrategy, Canaan and Hut 8 Mining, Block, Nvidia Corp., Marathon Digital Holdings Inc.)
2.) Invest in a bitcoin or crypto ETF (ex: Grayscale, BITO, Valkyrie, VanEck)
Currently, there are only Crypto ETF futures contracts. Crypto Spot ETFs have not been approved by the SEC at the time I am writing this post.
3.) Invest in actual Crypto with a Crypto IRA (you buy and sell actual crypto tax-free in your IRA account). Here are a few options:
• iTrust Capital
• Choice
• Bitcoin IRA
As you’re researching Bitcoin IRA custodians, remember that you’ll want to make sure the account types, exchanges, and cryptocurrencies available line up with your goals. Be sure to compare any relevant fees as these can really add up over time and impair your ability to reach your retirement goals.
I personally selected iTrust Capital as my crypto IRA custodian. I found iTrust Capital had the best rates and fees, the user interface is clean and simple to use, 24/7 self-trading, conditional transactions (without needing to manually execute the transaction), no monthly fees, $500 minimum investment, and the customer support is excellent.
If you are interested in opening an iTrust Crypto IRA, use this link to receive a $100 reward deposited directly into your IRA upon funding your account.
https://itrustcapital.com/?referral_id=rxduzq&utm_source=RAF
Feel free to reach out to me with any questions.
As always, do your own research before buying any cryptocurrency.
👩🎓 Want to learn more about #web3, #crypto #tokens, #blockchain, #decentralizedfinance, #Bitcoin, #Eth, #DeFi, #NFTs, and other blockchain technologies and how to gain exposure?…
📲 Please message me right here to schedule a Blockchain and Cryptocurrency Learning Session with me…
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Your #Crypto, #Blockchain, and #Web3 Teacher, Coach, and Guide,
Dave Rebro – Crypto and Blockchain Coach, Instructor, Speaker, and Guide
Dave Rebro
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About Dave: Dave is dedicated to helping professionals and businesses to become knowledgeable with blockchain and crypto technologies and more experienced users to take their crypto knowledge up to the next level and more.