Investing in Cryptocurrency with a Self-Directed IRA 

When most investors think of cryptocurrency, they might think solely of a Bitcoin IRA. But the truth is that there are hundreds of currencies within the crypto world. And better yet, it’s possible to invest in digital currency or Blockchain technology within your self-directed IRA.  

Digital currency can be bought and sold by anyone, vendors, businesses, and individual investors. Just as with any investment conducted through a self-directed IRA, all profits earned with a crypto IRA are paid directly to the self-directed IRA, or more accurately, the cryptocurrency IRA. Depending on the retirement savings account structure, whether Roth or Traditional, earnings on digital assets have certain tax advantages and are at either a tax-deferred or tax-free rate. 

Self-Directed IRA Investing Methods 

Investing in cryptos with a self-directed IRA can be done in many different ways. This is one reason why many investors find it so appealing. Types of crypto investments:  

  • Investing in Blockchain mining technology
  • Buying and selling cryptos (done similarly to Forex through online cryptocurrency exchanges)
  • Investing in crypto hedge funds
  • ETFs and Trusts

Talk with a self-directed IRA expert today about how to open an account and get started with cryptocurrency investing today.