Yes, you can invest in Cryptocurrency like Bitcoin, Litecoin, Ethereum, and many others in a Self-Directed IRA. As with other alternative investments held in a Self-Directed IRA, there are tax advantages. Profits earned in Self-directed IRA cryptocurrency investments are paid directly to the IRA either tax-free or tax-deferred based off the account type used to invest with.
What is Cryptocurrency?
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the Internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.
Why Invest in Cryptocurrency?
Market trends and investing analysts have many seeing Cryptocurrency as the future, with the value “expected” to become highly valuable. Now this isn’t a guarantee, it’s a simple prediction based off technology. Cryptocurrency uses Blockchain technology, which has completely transformed digital security. Cryptocurrency due to its scarcity is self-regulated, which ensures a certain level of stability and preventing duplications.
Grow crypto tax-fee in an IRA account to maximize your retirement growth. The industry leading platform offers military grade security with 100% offline asset storage, and custody insurance up to $700 million! *
How to Invest in Cryptocurrency in a Self-Directed IRA?
Step 1: Open an Account
Step 2: Fund the Account
Step 3: Send Funds to the Trading Platform in your IRA’s name
Step 4: Start Trading on the Cryptocurrency Platform
Legal Disclaimer: This document is for informational purposes only. It does not constitute an offer to sell, or represent a solicitation of an offer. Horizon Trust Company is an independent passive Custodian and is not associated or affiliated with and does not recommend, promote or advise any specific investment, investment opportunity, investment sponsor, investment company or investment promoter or any agents, employees, representatives or other of such firms or entities. Investments are not FDIC Insured, offer no bank guarantee and may lose value. *Insurance may vary based on asset chosen and custody solution available.
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