How can I include cryptocurrency in my IRA portfolio?

1 answers

• Jan 07, 2022 · 3 years ago
  Including cryptocurrency in your IRA portfolio can be a wise decision for diversification. Here's what you need to do: 1. Find a self-directed IRA custodian that allows cryptocurrency investments. Not all custodians offer this option, so do your research. 2. Open a self-directed IRA account with the chosen custodian. This will give you more control over your investment choices. 3. Transfer funds from your existing IRA or make a new contribution to fund your self-directed IRA account. 4. Choose a reputable cryptocurrency exchange that supports IRA investments. 5. Complete the necessary paperwork and provide the required documentation. 6. Start investing in cryptocurrencies through the exchange. Remember to consider the risks associated with cryptocurrency investments and consult with a financial advisor if needed.
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