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With all the uncertainty in financial markets these days, securing your financial future demands some strategic decisions. As a new form of money, holding your Bitcoin in a Bitcoin IRA (individual retirement account) is one way to diversify your funds, earn tax advantages, and reap long-term benefits. With Bitcoin’s track record as a deflationary asset and its increasing adoption by large institutions, a Bitcoin IRA allows you to secure your financial future in a tax advantaged way and to capitalize on the potential of this revolutionary asset.
Here are the top 5 Bitcoin IRA platforms to consider in 2023:
1. Unchained
First on our list is Unchained, a financial services company that provides unique solutions for Bitcoin holders. Renowned for their Bitcoin-backed loans that allow users to use their Bitcoin holdings as collateral to secure a loan, Unchained also lets you buy and sell cryptocurrencies within a tax-advantaged IRA. Unchained’s solution is the only one on the market where you can hold a key to your Bitcoin even though it is in a tax advantaged account. The platform also helps you roll over existing retirement accounts into a tax-deferred Bitcoin IRA without liquidating them.
If you have a simple IRA, Unchained can also help you do a Roth conversion if you’re willing to pay tax upfront. This will then leave you tax-free for life, allowing you to enjoy your retirement Bitcoin without tax concerns. You pay nothing if you already have a Roth IRA.
There are no income limitations on rollovers from a traditional IRA to a Bitcoin Roth IRA like Unchained IRA. However, the IRS outlines some restrictions on how much you can contribute from personal funds.
2. BitcoinIRA
As the world’s first cryptocurrency IRA platform, Bitcoin IRA is the largest company with cryptocurrency-related retirement accounts. Like Unchained, Bitcoin IRA offers great rollover options that make transitioning from traditional IRAs to crypto IRAs easy.
With a strong emphasis on transparency and education, Bitcoin IRA has built an innovative suite of trading tools that enhance user experience on the platform. Their one-of-a-kind dashboard offers features such as live price tracking, portfolio performance, videos, and even a checkbook control feature that gives users more autonomy.
Additionally, Bitcoin IRA allows users to buy and sell 60+ cryptocurrencies in their IRA. Users can also self-trade crypto anytime and reap the most benefits from market movements.
3. BitIRA
Renowned for its innovative security protocols and insured custody solutions, BitIRA is one of the most secure digital IRA platforms in the market. The brainchild of the team at Birch Gold Group, BitIRA was built on a solid foundation of 100+ years of combined experience with alternative assets. The platform is registered with the US government and is fully compliant with the IRS. Additionally, it supports investors through all phases of establishing and maximizing a cryptocurrency IRA and offers ongoing assistance on future transactions.
4. CoinIRA
For experienced investors, CoinIRA is one of the most reputable and secure Bitcoin IRA platforms in the market. The platform boasts an intuitive self-trading interface that allows investors to hold Bitcoin and other top cryptocurrencies within their IRAs.
On the security front, they safeguard their clients’ digital assets through insured cold storage and multi-factor authentication. CoinIRA also stands out for its exceptional customer support and competitive fees, making it an attractive choice for both beginners and experienced investors.
5. iTrust Capital
Rounding up our list is iTrust Capital, one of the most affordable crypto IRA platforms. iTrust Capital charges no setup or monthly fees, making it accessible for beginners and expert investors. The platform also stands out for its various self-directed IRAs, secure storage, and transparency.
Article paid for by: Ascend Agency – ascendagency.com
The news and editorial staff of the Bay Area News Group had no role in this post’s preparation.
