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Is it possible to purchase cryptocurrencies in retirement accounts?
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cosine Offline
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Post: #1
Is it possible to purchase cryptocurrencies in retirement accounts?
My 401(k) is controlled by mutual fund managers, but my Roth IRA is up to me.

It isn't a terribly large amount of money, and I won't be able to access it for over 30 years. If I lose 100% of the current balance, I have a very long time to right my ship. It is money I really can afford to lose.

I figure why not dump it all into a cryptocurrency basket. Currently I'm trading using etrade - happy to switch brokerages to make this happen. Any ideas?
10-28-2017 12:11 AM
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booshala Offline
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RE: Is it possible to purchase cryptocurrencies in retirement accounts?
GBTC: https://seekingalpha.com/amp/article/410...er-bitcoin

You're paying a steep premium for it, but if the only investable funds you have available are in your retirement account, I suppose that's the only way to do it.
10-28-2017 01:58 PM
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redbeard Offline
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RE: Is it possible to purchase cryptocurrencies in retirement accounts?
I have a Quest Self-Directed IRA:

https://www.questira.com/

You can invest in crypto, but Quest will NOT hold coins for you. You can either:

1. Set up a separate wallet under an LLC yourself

2. Pay an advisor or company to do it for you

1 Year NoFap Veteran --- No Days Off in Trump's America
10-29-2017 02:21 PM
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