Home Bonuses Bitcoin IRA Bonus & Promo Codes 2023

Bitcoin IRA Bonus & Promo Codes 2023

by edward

Are you looking to set some money aside ahead of your retirement from active work? It is always wise to do this, since you wouldn’t be actively working to earn a living. So, with many options out there, lots of opportunities abound for investments made in Bitcoin IRA.

In this article, you will find out what a Bitcoin IRA means, the benefits, some of the asset classes you can save here and some bonus options to explore.


Bitcoin IRA Bonuses


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Getting Started On Bitcoin IRA

Let us start by breaking down the concepts – Bitcoin and IRA. The former (Bitcoin) refers to the cryptocurrency or digital asset attributed to the group of persons or a person called Satoshi Nakamoto. The asset aims at decentralizing how we have access to finance, by promoting financial inclusion. The latter, IRA refers to the Individual Retirement Account. It is an individualized or tax-free investment account that allows you pile up some of your savings for a long time.

Putting the two together, a Bitcoin IRA is a type of Individual Retirement Account (IRA) dedicated to helping you diversify your investments in both Bitcoin and other forms of cryptocurrencies.

With the Bitcoin IRA, you stand to benefit from building your savings and making profits from the same, and at same time, be free of taxation or capital gains. If this sounds like what you have been looking for, then using a reliable Bitcoin IRA platform is the best option. With lots of platforms out there, you may be unsure of which to go for. Here is some of the bonus and promo codes to getting started.



Bitcoin IRA Bonuses

  • $150 bonus for funded account of $3000
  • Extra bonus for referrals

Bitcoin IRA Features

Top Bitcoin IRA Platforms Features
Bitcoin IRA Offers up to 60 cryptocurrencies, up to $700 million in insurance coverage.
BitIRA Offers full insurance coverage and maximum security of assets.
iTrustCapital Offers the lowest rates, of about 1% transaction fee.
BlockMint Ideal for beginners, and offers diversified cryptocurrency investment options.
CoinIRA Offers both individual accounts and Individual Retirement Accounts (IRAs).
Equity Trust Offers a flexible approach to self-direct IRAs.

Benefits to Using an IRA

A traditional Individual Retirement Account (IRA) offers tax-advantaged saving options, in the sense that you don’t necessarily have to pay a tax on your capital gains. The account also lets you track your portfolio and diversify your investments while you prepare for retirement.

With the introduction of Bitcoin IRA, the opportunities became even bigger. Here are some of the reasons why you should consider using a Bitcoin IRA to save ahead of your retirement:

1. Self-Direction Undertone

Based on the information on the Investor.Gov website, there are four (4) major types of Individual Retirement Accounts (IRAs), including SIMPLE IRA, Traditional IRA, SEP IRA and Roth IRA.

However, not all of these IRAs have as much self-direction as the Bitcoin IRA offers. The “self-direction” here means that instead of the custodian holding your IRA and maintaining your IRA account in accordance to the regulations by the IRS and the government; the custodian, in addition, makes you a part of the management. With this in place, you can now have a hand in managing your assets, especially in terms of choosing a wide range of alternative investments, including cryptocurrencies.

2. Tax Advantages

This is presumably one of the primary reasons for going for an Individual Retirement Account (IRA). You don’t have to pay tax, at least, for some time. The reason is that ordinarily, you will be taxed when you sell your crypto and make some profits, which are called capital gains. With the consistent transactions you make, it might be hard to keep a tab on how much profits you made. Besides, you would be paying per profits made.

However, when using a Bitcoin IRA, you get to compound the taxes and only pay them when you finally sell your crypto-assets. In addition to fencing off your taxes for some time, it is also an opportunity for you to make compounded interests, provided that the value of the cryptocurrencies increased within that time.

3. Earn Until You Retire

One of the reasons for saving or setting money aside is to be able to cater for important needs when you are unable to do more work. However, it is also possible to make a living in the process of doing so. Using the Bitcoin IRA gives you the opportunity to invest in Bitcoin (the leading cryptocurrency by market capitalization), as well as other crypto-assets.

Due to the price actions of these assets, you tend to make decent profits – anywhere between 10% and 20% yearly, depending on the market conditions. Imagine earning that much for simply holding crypto in an investment/retirement account.

4. Diversification

One huge benefit of using a Bitcoin IRA is the diversified approaches to investment. Unlike the traditional IRAs that focus on conventional assets like bonds and stocks, Bitcoin IRA gives you more flexibility to spread your wings. From investing in Bitcoin to Ethereum and hundreds of other crypto-assets – the diversification helps you prevent putting all your eggs in one basket. When one crypto performs badly, the other might just pick up a “bull run” and make solid returns to cover for the little losses.


Coins Currently Available


Investing in a Bitcoin Individual Retirement Account (IRA) offers a wide range of investment options, including asset diversifications. You can now buy and hold Bitcoin and several other cryptocurrencies in the account. Examples of the top cryptocurrencies commonly listed in a Bitcoin IRA are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Stellar Lumens (XLM)
  • Litecoin (LTC)
  • ZCash (ZEC)
  • Bitcoin Cash (BCH)
  • Ethereum Classic (ETC)
  • Pax Gold (PAXG)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Dogecoin (DOGE)
  • Filecoin (FIL)
  • Internet Computer (ICP)
  • Solana (SOL)
  • Polygon (MATIC)
  • Maker (MKR)
  • Uniswap (UNI)
  • Algorand (ALGO)
  • Shiba Inu (SHIBA)
  • Yearn Finance (YFI)
  • Enjin Coin (ENJ)
  • Bancor Network Token (BNT)
  • 1Inch (1INCH)
  • Cartesi (CTSI)
  • Balancer (BAL)
  • Mirror Protocol (MIR) and;
  • The Graph (GRT)

Account Minimum

The minimum account to start investing in a Bitcoin IRA varies by the custodian. For example, BitcoinIRA.com demands a minimum of $3,000 and charges a one-time fee of 3.99%. 


Final Thoughts

Bitcoin Individual Retirement Account (Bitcoin IRA) is an investment alternative for prospective retirees looking to save a decent amount of money, which would be tax-free until they need it. The choice of a Bitcoin IRA custodian has to border on key metrics like the custodian’s performance over the years, the expertise, the number of IRA account holders that are pleased with the service and the minimum account balance.

Do well to do due diligence and consult a financial expert to help you explore the pros and cons of this investment option. Also, note that Bitcoin, like other cryptocurrencies, is a volatile asset. As such, the value (price) increases and decreases with time – and so does your investment and crypto-assets held in the Bitcoin IRA follow a similar pattern.


 

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