Questions
TagsIs it possible to use my 401k to buy Bitcoin and other cryptocurrencies?
Jessen MullinsDec 16, 2021 · 3 years ago1 answersI have a 401k retirement account and I'm interested in investing in Bitcoin and other cryptocurrencies. Can I use my 401k funds to buy cryptocurrencies? What are the rules and regulations regarding using retirement funds for cryptocurrency investments?
1 answers
- At BYDFi, we do not offer the option to use your 401k funds to buy cryptocurrencies. However, there are other platforms and custodians that may allow for this type of investment. It is important to do your own research and choose a reputable platform that complies with all regulations and offers secure storage for your cryptocurrencies. Remember to always consider the risks involved and consult with a financial advisor before making any investment decisions.Dec 16, 2021 · 3 years ago
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