More and more investors are looking to cryptocurrencies like Bitcoin as a way to earn big returns on their money. While no one knows what the future holds, those who adopted Bitcoin early have already seen the value of their holdings skyrocket. And if you’re interested investing for retirement, Bitcoin IRA is an easy, convenient way for you to make sure you don’t get left behind in a crypto-focused future.
If you’re new to investing or to serious retirement planning, you may not already know that IRA stands for Individual Retirement Account, which is a special way to save money for your retirement with its own major tax breaks. There are different varieties of IRAs, with different rules depending on your factors like your employment status or income level. But basically, regardless of what kind of IRA you have, the idea is to grow your wealth and keep it safe for your future. One advantage to an IRA is that you aren’t limited to cash deposits, and they can be funded with all kinds of financial products including stocks, bonds, mutual funds, and now thanks to Bitcoin IRA, cryptocurrencies.
Bitcoin IRA
You might assume that you need to be a crypto expert to start a Bitcoin IRA, but really it’s designed to be user friendly and intuitive for almost anyone, regardless of investment skill or experience level. With a Bitcoin IRA, you can get the same tax breaks on cryptocurrency investments that you can with any other investment. They’re also governed by the same rules as traditional IRAs, with at least one pretty significant exception: where most IRAs have a contribution cap at $6,000 a year, a Bitcoin IRA has no such restriction, so you can invest as much of your money you want into it. You can’t transfer any crypto holdings you already have into your Bitcoin IRA, but you can transfer any existing IRAs or other retirement savings accounts you may have with no penalties or other fees.
Even though the trading platform is designed to be user-friendly, this stuff can and more than likely will get complicated. Fortunately, when you invest in a Bitcoin IRA, you’ll have access to a pool of experts who will help you along every step of the way and answer any questions that might come up. They’ll help you fund your account for the first time and even walk you through making your first trade.
And it’s not just bitcoin that you can trade through your Bitcoin IRA. The platform offers a plethora of other cryptocurrencies as well, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Stellar Lumens (XLM), Zcash (ZEC), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Digital Gold (DG).
You’ve read about fortunes being made on the cryptocurrency market, so maybe it’s time to try and add your name to the list in a financially responsible, long-term fashion. To get started, head over to the Bitcoin IRA site right now.
This article originally appeared on Futurism.
