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How to withdraw Bitcoin from Edward Jones IRA?

avatarSkyWormMar 15, 2022 · 3 years ago3 answers

I have Bitcoin in my Edward Jones IRA account and I want to withdraw it. How can I withdraw Bitcoin from my Edward Jones IRA?

How to withdraw Bitcoin from Edward Jones IRA?

3 answers

  • avatarMar 15, 2022 · 3 years ago
    To withdraw Bitcoin from your Edward Jones IRA, you will first need to check if Edward Jones allows Bitcoin withdrawals. Contact their customer support or check their website for more information. If they do allow Bitcoin withdrawals, you will need to follow their specific process, which may involve transferring your Bitcoin to a digital wallet and then selling it on a cryptocurrency exchange. Keep in mind that there may be fees and tax implications associated with withdrawing Bitcoin from your IRA.
  • avatarMar 15, 2022 · 3 years ago
    Unfortunately, Edward Jones does not currently support Bitcoin withdrawals from their IRA accounts. You may need to consider transferring your Bitcoin to a different IRA custodian that allows for cryptocurrency investments and withdrawals. There are several cryptocurrency-focused IRA custodians available that can help you with this process. Make sure to do your research and choose a reputable custodian that meets your needs.
  • avatarMar 15, 2022 · 3 years ago
    At BYDFi, we offer a seamless process for withdrawing Bitcoin from your Edward Jones IRA. Simply open an account with us, transfer your Bitcoin from your Edward Jones IRA to your BYDFi account, and then initiate a withdrawal request. Our team will handle the rest and ensure a smooth and secure transaction. Please note that BYDFi is an independent cryptocurrency exchange and is not affiliated with Edward Jones.