Are you looking to invest in cryptocurrency without having to be concerned about taxes? Are you fed up of being told how to handle your investments?
There are a variety of reasons it is advisable to open a self-directed cryptocurrency IRA. This article will cover the basics of investing in cryptocurrencies and look at the advantages of owning your crypto portfolio. We'll also cover the tax advantages of owning cryptocurrencies as well as the risks that come when investing in cryptocurrency.
I hope you discover these helpful tips!
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In the end, if you're seeking to invest in cryptocurrency without going through the broker, you could consider starting a self-directed IRA. The type of account allows users to buy cryptocurrency directly from the company that invented the coins. Once you've purchased the coins, you'll put them into your wallet. You can also trade your coins at any time you want to avoid having to worry about losing cash due to exchange rate fluctuations.
By: Mat Sorensen – Attorney, Author, SDIRA Expert
Title: Crypto Investing With an IRA – Beyond the Basics
Sourced From: www.youtube.com/watch?v=QG9DN1yiBDI
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