CosmosUPS, a website specializing in cryptocurrency news, commentary, and resources, releases a new guide to the best exchanges and brokers for crypto individual retirement accounts (IRAs).
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The newly published report explores both traditional IRAs and their cryptocurrency counterparts, highlighting the advantages of portfolio diversification and tax concessions that the crypto versions offer. The guide explains how savers can invest in these emerging financial vehicles.
More details can be found at https://cosmosups.com/top-crypto-and-bitcoin-ira-complete-analysis-of-the-best-exchanges-and-brokers/
The guide points out that many experts still view cryptocurrency investment as extremely risky while others believe it to be a robust option for sizable returns in the long term. A crypto IRA affords investors the same tax deferral features as a traditional version. Investors should also be aware that crypto accounts are often subject to additional costs with many firms charging maintenance and holding fees.
The guide takes a look at some of the most popular crypto IRAs that are available today. Bitcoin IRA, for example, allows investors to acquire currency directly without the need for an exchange but this limits investments to a single cryptocurrency at any one time and charges are generally high.
Other options mentioned in the guide include Acorns - an app that lets consumers round up the value of their purchases to the nearest dollar and invest the difference - and Coinbase - an online brokerage specializing in buying and selling cryptocurrency.
The piece also explores the features offered by platforms like CoinIRA which allow users to trade directly against fiat currencies and offers expert assistance and advice from investment consultants. In terms of fees, transactions are charged at 0.25% plus a monthly maintenance charge. Other providers include iTrustCapital and BlockMint.
According to the article, digital banking applications such as Broad Financial allow users to buy crypto directly and invest in an IRA without the need for an intermediary. There is no set minimum to get started and investors can fund their IRA with as much as $10,000 per month.
The guide states, “A cryptocurrency IRA lets you diversify your portfolio and avoid paying capital gains taxes. You can invest in various currencies based on which suits your needs best.”
For more information and to read the guide in full go to https://cosmosups.com/top-crypto-and-bitcoin-ira-complete-analysis-of-the-best-exchanges-and-brokers/
Contact Info:
Name: Peter White
Email: Send Email
Organization: CosmosUPS
Address: 2340 East Main Street, Cushing, Oklahoma 74023, United States
Website: https://cosmosups.com
Source: PressCable
Release ID: 89124823
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