June 23, 2021

A Bitcoin IRA Earns You Major Tax Breaks When Buying Cryptocurrency for Retirement

This year marks the 10th anniversary of the disappearance of Bitcoin’s creator, Satoshi Nakamoto. Since...

This year marks the 10th anniversary of the disappearance of Bitcoin’s creator, Satoshi Nakamoto. Since then, Bitcoin has become one of the most promising alternative investments around. The cryptocurrency industry is currently worth a staggering $2 trillion, and is expected to continue to grow well into the future. And one of the best ways to plan for your future is by setting up an individual retirement account (IRA) through Bitcoin IRA.

Bitcoin IRA

Bitcoin IRA
Image via Bitcoin IRA

For those who are unfamiliar, an IRA is a special type of retirement savings account that offers major tax breaks for investors. There are different types of IRAs, each with their own specific rules. But the idea behind them is that they will help you grow wealth faster so you are financially stable by the time you retire.

While traditional IRAs let you invest in financial products like stocks, bonds, and mutual funds, Bitcoin IRA is the world’s first and largest Cryptocurrency IRA provider. It offers offers three types of accounts: IRA Rollover, IRA Earn, and Saver IRA. The IRA Rollover account allows you to bring in cash or crypto from an existing retirement account. With IRA Earn, the interest rates can go up to 6 percent. And the Saver IRA is perfect if you’re starting with cryptocurrencies and still unsure about the amount you’re going to invest.

Starting with a Bitcoin IRA is not rocket science. It takes about three minutes to register and set up an account. After you invest, your money will be stored and insured with BitGo Trust, one of the largest processors of bitcoin transactions. If your assets are lost/stolen, BitGo has you covered, as it offers up to $100 million in insurance policies.

Investing in your account is possible 24/7, anytime, anywhere, provided there is Internet access. Apart from investing in assets, Bitcoin IRA also offers lending assets up to 6-percent APY. The versatility of Bitcoin IRA is also enhanced by their customer service, which offers plenty of tips for beginners and seasoned investors alike. If you’re having trouble opening an account, they can even offer you a scheduled consultation, or you can just give them a call.

Regardless if you want to invest in Bitcoin, Ethereum, Ripple, or some other cryptocurrencies, Bitcoin IRA has you covered. So click here to get started today, and enjoy the tax benefits of Bitcoin IRA.

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