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"Best Cryptocurrency IRAs"
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BLUEPRINT TO MAKE $20/MONTH ONLINE:
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HOW TO MAKE MONEY IN THE US:
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SALESFORCE BUSINESS ANALYST TUTORIAL:
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The terms “cryptocurrency IRA” or “bitcoin IRA” refer to self-directed individual retirement accounts (IRA) that invest in cryptocurrencies as well as or instead of traditional assets.
What are the tax benefits of including crypto in an IRA?
IRAs receive preferential tax treatment from the IRS. If you don’t expect to sell a crypto asset until you reach retirement age, you may be able to avoid paying capital gains tax if you buy it with your IRA. Although there are some exceptions, most early withdrawals from IRAs are subject to general income tax plus a 10% penalty.
So here are 5 of the best crypto IRA platforms on the market:
A large and trusted IRA provider, BitcoinIRA boasts a user-friendly interface, 24/7 real time trading, and full phone support. It supports a rather limited list of cryptocurrencies — Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash and Ethereum Classic. However, its smooth user experience makes it a good choice, particularly for newer traders who are rolling over their IRAs from traditional providers.
iTrustCapital is another major provider. It stands out for its transparent and straightforward pricing: a $29.95 monthly service fee and a 1% charge on crypto trades. This is a bonus for those with large balances, who can accumulate significant fees in other pricing arrangements. This provider does require an account balance of $2,500 and a contribution minimum of $1,000.
iTrustCapital supports the following coins, plus gold and silver: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, EOS, Stellar, Chainlink, Cardano, and Polkadot.
BitIRA’s point of difference is its security. In addition to using cold storage, BitIRA also provides $100 million of end-to-end insurance. It supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Bitcoin Sv, Zcash, and Stellar Lumens.
BitIRA charges users a $195 annual fee, plus a $50 account establishment fee and a monthly 0.05% storage fee.
Number 4: Broad Financial
Broad Financial offers self-directed IRAs with checkbook control.
After you open your IRA, the company creates an LLC and invests your funds in it. Broad Financial serves as custodian of the LLC, and will issue you a capitalization check that allows you to open a checking account for your IRA.