Bitcoin IRAs are self-directed retirement accounts in the US that allow you to directly invest in Bitcoin and other cryptocurrencies. They can be of traditional or Roth format and they offer unique tax benefits like not having to pay capital gains taxes on your Bitcoin profits. In this video I’ll cover all the advantages/disadvantages that I could find and the major differentiating aspects you should look out for when considering various firms and IRA custodians/providers. Some major ones are BitcoinIRA, iTrustCapital, CoinIRA, Bitcoin Advizers, BitIRA, and more. I also walk you through the 4 main steps of the process that you need to go through in order to set one of these Bitcoin IRAs up. Finally I touch on some common criticisms and complains you should keep an eye out for. Let me know what you think and if you’ve used one of these already – I’d love to hear from you!
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0:56 What are IRAs
1:33 Bitcoin IRAs overview
3:10 Biggest Advantages
5:25 Buy me a coffee?
5:48 Firm differentiators
7:04 Major options
9:29 Steps to open one
10:20 Quick hitter FAQ
#Bitcoin #IRA #RetirementAccount