• Skip to main content
  • Skip to footer

NFN8

  • About
    • Brochure
    • Company Statement
    • NFN8 Group Video Overview
  • Team
  • Operations
    • Mission
    • Philosophy
    • NFN8 Secret White Paper
    • Outlook for the Future
  • Press
    • Radio & TV
    • Press Releases
    • Articles
  • Volatile Markets
  • Blog
  • Contact

Is it possible to buy Bitcoins through an IRA retirement account?

Yes, here are two methods to use:
Full IRA Control:Purchase bitcoins through your IRA LLC bank account/checkbook/debit card.
Some of the primary benefits with this method are:

  • Security – Store bitcoin online or offline without the added risk of “third parties”.
  • Flexibility – Move in and out of digital wallets, exchanges, hardware and even paper.
  • Simplicity – Use your preferred digital wallet like Jaxx, hardware wallet like Ledger Nano S, or buy bitcoins through a platform like Coinbase.

Trusted Third Party:This method carries a significant amount of risk, added restrictions and the fees can be cumbersome…due diligence is a MUST! Make sure they are insured and read all the disclaimers.

  • There are currently a handful of IRA custodians (i.e. Kingdom Trust Co.) and third party administrators (i.e. Advanta) who have gone the extra mile to build relationships with digital assets fund managers and wallet service providers.
  • With trusted third parties you can expect to pay a premium for the added service. Due to the nature of bitcoins and the risks involved, IRA custodians and TPAs will almost always impose their own restrictions and insist on using their own process for buying, selling, exchanging and storing bitcoins.

The fundamental principal behind Bitcoin is to serve as a peer-to-peer, digital currency on a free global market. As the saying goes: don’t throw the baby out with the bathwater.

Article Written and Provided by: Josh Moore

Footer

  • Privacy Policy
  • Terms and Conditions
  • Contact Information
©Copyright NFN8 2023

Website Disclaimer:

The material presented on this website is for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. This website does not display and is not offering a solicitation of any kind. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security, equipment, cryptocurrency or any other product or service by NFN8 Group Inc., NFN8 Media LLC, NFN8 Ventures’, NFN8 International LLC, CryptoTech Holdings LLC, Inc., Block Overstock LLC, or any other entity or third party regardless of whether such security, product or service is referenced herein. An offer to buy or sell a security must be made by an offering document. Furthermore, nothing on this website is intended to provide business, financial planning, accounting, tax, legal, or investment advice. The information presented should not be construed as a recommendation to buy, sell, or hold any investment, security, equipment, or product, or to engage in any purchase or investment strategy or transaction with anyone. You are solely responsible for determining whether any purchase, equipment purchase, lease, leaseback, investment, investment strategy, security, or related transaction is appropriate for you, based on your personal investment objectives, financial circumstances, and risk tolerance. There are serious financial risks to owning the equipment described on this website. You could lose some or all of your money. You must consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal, or tax situation. This website is provided “as-is” and we have no duty or obligation to update or supplement this information.

You are using any or all the information contained in this website at your own risk. 

Please note this website has a PRIVACY POLICY and TERMS AND CONDITIONS clearly indicated. Please read them carefully. If you do not agree with either the PRIVACY POLICY or the TERMS AND CONDITIONS or both of them, DO NOT USE THIS WEBSITE. NAVIGATE AWAY FROM IT.