Investing in Bitcoin with your with your IRA (Self-directed IRA)

There are ways that you can use your IRA to invest in Bitcoin and other cryptocurrencies. These type of IRAs are known as Self Directed IRAs. There specific IRS rules that need to followed and before you get all excited and jump in, make sure you understand the rules and even consult your accountant, the IRS site and other resources. You can also look for a Self-Directed IRA custodian like NuView IRA to help you navigate through this process. It can be a little intimidating but in my opinion, it is worth the time and effort.
Here are some resources for Do’s and don’ts to get started but I highly recommend anyone thinking of investing in cryptocurrencies (or even in real estate) using an IRA, consult your financial advisor and your tax professional.

For IRS Rules Click here

For more on Self Directed IRA click here

For Do’s and Don’ts click here