There are different ways to take advantage of cryptocurrencies, and possibly one of the greatest ways is with a self-directed Bitcoin Roth IRA. A Bitcoin Roth IRA on our platform lets people invest in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.
There are dozens of benefits of Bitcoin Roth IRAs, also known as cryptocurrency Roth IRAs, but one of the main benefits is that they offer substantial tax advantages that many other types of investment accounts don’t have. Bitcoin Roth IRAs are surging with new users, and some major financial institutions have great expectations for the growth of cryptos in the coming years. Owners of crypto Roth IRAs do not pay capital gains taxes upon withdrawing money from their accounts after the age of 59 and a half, which can save them 20% or more on their gains. This means investors could keep more of their wealth.
A notable benefit of a Bitcoin Roth IRA is that cryptocurrency experts consider cryptos to be low-correlation assets. Investing in Bitcoin could be used to diversify your retirement portfolio, protecting your portfolio if other asset classes fall in price.
Investors that own traditional asset classes like stocks have a small window of time in which they can invest in. Stocks, ETFs (exchange-traded funds), and mutual funds operate mostly during specific trading hours. These trading hours are open between 9:30 am and 4 pm Eastern time. But cryptocurrencies can be bought, sold, and swapped 24/7. This is a benefit that applies to Bitcoin Roth IRAs on our platform, meaning investors can trade at their convenience within their retirement account.
While Bitcoin and Ethereum are the most popular cryptocurrencies, there are other digital assets that also have investing potential. Some of the biggest experts in crypto like Anthony Pompliano and the Winklevoss twins came up with crypto price predictions and believe cryptocurrencies will continue growing in price.
Some of the most popular cryptocurrencies to invest in include:
As mentioned, possibly one of the greatest ways to invest in Bitcoin is with a Bitcoin Roth IRA. Here are some reasons to invest in Bitcoin and other cryptocurrencies with our retirement platform.
There are two ways to get started with a Bitcoin Roth IRA. The first way is to create and fund a new account. The second method is to transfer your existing retirement account into a self-directed cryptocurrency Roth individual retirement account. We help manage the process for you. Here are the steps.
At Bitcoin IRA, we put our users first, hence our secure and user-friendly investing platform. Want to make cryptocurrencies like Bitcoin and Ethereum a part of your cryptocurrency Roth IRA? Interested investors can consider creating an account or scheduling a call with us today!
*Interest rates may vary.
¹ Joining and exiting the program requires approximately a 5 day settlement period.