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Why Investors Are Buying Ethereum With Bitcoin IRA

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Invest in Ethereum Bitcoin IRA

Whether you know about cryptocurrencies, NFTs, or dApps, you may want to keep an eye on Ethereum. It’s one of the most popular cryptos, and there are countless reasons why institutions and individual investors alike are paying attention to it. If you think innovation and widespread potential are important attributes for investments, then Ethereum may be the cryptocurrency for you.

Not only is Ethereum the second most popular cryptocurrency by market cap, it may also have the most utility and a history full of growth. For example, most NFTs are built on Ethereum’s network, and Ethereum supports decentralized applications, or dApps. Not only that, but Ethereum’s price has seen a significant rise in the past year. It’s gone up from $171 in April 2020 to over $4,100 in May of 2021. That’s an increase of over 23x.

Ethereum’s upgrade to the newest version called Eth 2 is making progress. Some of the expected improvements include Ethereum’s transaction time reduction, the network becoming more secure, and less computing power requirements to sustain the network. This could draw investors and dApp developers into Ethereum, potentially raising its price due to demand.

Cryptocurrency experts and research groups believe ETH’s price will go up in the future, with the founder of the Blockfyre digital asset analysis group, Simon Dedic, expecting Ethereum to be worth $150,000 one day, he thinks it has tremendous growth opportunities. If you want to benefit from the cryptocurrency’s potential, then you may want to consider investing in it. There are different ways to invest in Ethereum, and possibly one of the best ways is with our tax-advantaged retirement platform.

 

Why Invest in Ethereum with Bitcoin IRA

Buying Ethereum and other cryptocurrencies and then selling them for profit can result in capital gains taxes taking a chunk of your earnings, up to 20% for long-term investments. The maximum long-term capital gains tax could increase due to President Biden’s capital gains tax plan, which would be up to 39.6%. Taxes can be a challenge to deal with because they can make a substantial difference when it comes to how much money you get to keep. But there are ways to avoid capital gains taxes and keep the growth you’ve earned in your retirement account. We offer a tax-advantaged way to buy Bitcoin and other cryptocurrencies. Our platform makes it easy to invest in cryptocurrencies with a tax-free Roth IRA.

The private keys used to access crypto on our platform are secure thanks to our industry-leading custodian, BitGo. They manage over $16 billion in assets and process 20% of the world’s Bitcoin transactions. The cryptocurrencies are stored offline in cold storage, protecting assets from hackers and bad actors. Plus, assets are insured for up to $100 million.

 

How To Create An Ethereum IRA

The first step of creating an Ethereum IRA is to create an account with us. This can be done in just a few minutes. Then users can fund their account, by either transferring money from their bank or by rolling over another retirement account. Fund transfers take a couple of days, and once it’s done, you can invest in different cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar Lumens, and Zcash.

Buying cryptocurrencies on our platform is simple, here’s how you can do it:

After your account is funded, you can head to the Self Trading tab on your Dashboard. From there, go to the Buy tab, choose your cryptocurrency, and input the amount of crypto you’d like to self-trade.

 

Select a funding source, wait for the price to update in the Order Summary section, then click Go To Final Step: Sign Document. Digitally sign the document and click finish.

With great cryptocurrency security, simplistic self-trading technology, and helpful customer support, it’s no wonder why we’re the largest cryptocurrency IRA platform. If you need help setting up an account or using our platform, then you can schedule a call with one of our IRA Specialists for assistance.

 

 

Recommended article: How Bitcoin IRA works

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