Are you considering investing in cryptocurrencies , without having to be concerned about taxes? Are you fed up of being told how to manage your investments?
There are many good reasons it is advisable to open an auto-directed cryptocurrency IRA. This article will explain the basics of investing in cryptocurrencies and discuss the advantages of having your crypto portfolio. We'll also explore the tax advantages of holding crypto and the potential risks associated when investing in cryptocurrency.
I hope you discover these helpful tips!
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In conclusion, if looking to invest in cryptocurrency without brokers, then you should consider starting a self-directed IRA. These types of accounts permits the user to purchase cryptocurrency directly from the company who invented the coins. Once you've acquired your coins, you'll keep them in a wallet. You are also able to sell your holdings whenever you like and you don't need to worry about losing money due to fluctuating exchange rates.
By: Mat Sorensen – Attorney, Author, SDIRA Expert
Title: #16 How to Invest in Bitcoin and Other Cryptocurrency with a Self-Directed IRA or 401k
Sourced From: www.youtube.com/watch?v=OLmSvVUMJXU
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