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TIL you can trade with a Bitcoin IRA to get all the same tax advantages of a traditional Roth.

TIL you can trade with a Bitcoin IRA to get all the same tax advantages of a traditional Roth.



View Reddit by FridaTroupView Source

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7 Comments

  1. The fees/prices you get from places like Alto eat into your holdings, and you cannot even withdraw on a private wallet. Get a self-directed IRA to combine the tax advantages of an IRA with the freedom and security of a proper private wallet.

  2. Learn this next:

    Instead of putting money into a retirement fund which then buys shares of another fund which *claims* to buy bitcoins, but is likely doing a rehypothecation scam…

    …individuals should **buy actual Bitcoins** (not alt-coins, GBTC, ETFs, paypal, robinhood, etc), then send their Bitcoins to their own (hardware) wallets.

    “*Not your keys, not your Bitcoins*.” — Antonopoulos

  3. Might as well buy pages from a comic book for all the good it will do you if you don’t hold the keys.

    You simply enable and enrich the small parasite class with these efforts.

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