CosmosUPS - a website specializing in cryptocurrency industry news and investment opportunities - has released an updated guide to the best Crypto IRA exchanges and brokers for retirees.
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Crypto IRAs function in much the same way as standard versions but with the added facility to add digital currency to one's investment portfolio. The latest guide explains how investors can access the same tax advantages that come with traditional and Roth individual retirement accounts. Investing capital in Bitcoin or another DeFi currency is one way to diversify assets with many people believing in the strong long-term prospects for this investment class.
More details can be found at https://cosmosups.com/top-crypto-and-bitcoin-ira-complete-analysis-of-the-best-exchanges-and-brokers/
The guide cautions that, as with any form of investment, capital is at risk, and investors could end up with less money than they put in. Crypto IRAs are self-directed and assets are subject to taxes upon withdrawal. Account holders are also liable for penalties and fees if they wish to withdraw funds before the end of the agreed term.
CosmosUPS suggests that BitIRA is the most secure option out there for would-be crypto investors. This company - part of Birch Gold Group - was established in 2017 to simplify the process of creating and managing an IRA with digital currencies. BitIRA provides a fully insured cold storage solution for crypto assets. With a team of experts on hand to offer investment information on a range of different currencies and a partnership with hardware wallet manufacturer Ledger, BitIRA offers both security and customer education.
Acquiring crypto is also subject to fees which can vary widely. “It is possible to buy cryptocurrency directly from exchanges, such as Coinbase and Binance,'' the guide states. “But, certain platforms charge fees. For example, you might have to pay $20 per trade.”
CosmosUPS' top pick for customer support, however, is awarded to CoinIRA. While this company does welcome newcomers, it is primarily set up for more experienced investors. The platform, the guide explains, lets users trade directly against fiat currencies with three account options available depending on the amount of money one wants to invest. A consultant is on hand to offer expert advice and share their knowledge, covering everything from market trends to investment strategies.
The guide recommends BitcoinIRA as best overall with an array of options for investors. The platform allows investment in over 20 different digital currencies - from Bitcoin to Dogecoin and beyond - as well as stablecoins such as USDT, Gemini Dollar, and PAX. Users benefit from insurance of up to $100 million per transaction. BitcoinIRA is also regulated by the Financial Industry Regulatory Authority (FINRA).
For more information, go to https://cosmosups.com/top-crypto-and-bitcoin-ira-complete-analysis-of-the-best-exchanges-and-brokers/
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Contact Info:
Name: Peter White
Email: Send Email
Organization: CosmosUPS
Address: 2340 East Main Street, Cushing, Oklahoma 74023, United States
Website: https://cosmosups.com
Source: PressCable
Release ID: 89142897
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