What is Crypto IRA?
A crypto IRA, also known as a cryptocurrency individual retirement account, is a specialized type of retirement account that allows individuals to invest in cryptocurrencies within the framework of a tax-advantaged retirement plan. Traditional IRAs and Roth IRAs are commonly known retirement account types, but crypto IRAs offer an alternative for individuals who want to include digital assets like Bitcoin, Ethereum, or other cryptocurrencies in their retirement investment strategy.
The primary purpose of a crypto IRA is to provide individuals with a way to invest in cryptocurrencies for their retirement while enjoying the tax benefits associated with traditional retirement accounts. By utilizing a self-directed IRA, which allows for alternative investments beyond traditional stocks, bon...