A Bitcoin IRA is a tax-advantaged alternative asset retirement account that is specially designed to hold cryptocurrencies. Every Bitcoin IRA custodian will keep, store, and manage your private keys so that you don't have to keep track of them yourself. Your private keys are kept inside of a cold-storage hardware wallet so that in the case of an electrical meltdown, power outage, or hack, your cryptocurrency will be safe and free from confiscation.
The best investors in the world recommend having at least 6 to 25 percent of your portfolio within alternative assets. Next to gold, Bitcoin is one of the most popular types of alternative assets and continues to see high growth margins. It would be wise to learn about how the blockchain works and why big businesses and investment managers are utilizing it to keep financial and governmental databases safe and secure for the long-term.
The 5 Simple Steps For Starting A Bitcoin IRA Rollover.
1. Fill out an account application.
2. The account is established within 24-48 hours.
3. Receipt of the signed transfer request by both custodians.
4. Fund your account.
5. Put your Wallet in Cold Storage.
Choose your favorite custodian and open a Bitcoin IRA today.