Cryptocurrency, a form of digital asset, is designed to work as a medium of exchange. To do this, it uses cryptography to secure and verify transactions as well as control the creation of new units of a particular currency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
Cryptocurrencies were created as an alternative to traditional currencies. Proponents of cryptocurrency as a viable monetary tool cite the potential benefits of decentralization, anonymity, security, and automation.
Some investors are attracted to cryptocurrency as a diversification strategy because they believe the currency will increase in value; others see lasting value in the blockchain technology behind the currency. Plus, the asset’s performance is not tied to the public markets.
Examples of cryptocurrencies include:
Cryptocurrency is one of the many assets you can hold in a tax-advantaged Equity Trust Company Traditional or Roth IRA. When held in an IRA, cryptocurrency is not subject to short- or long-term capital gains taxes.
Equity Trust’s state-of-the-art platform, combined with customized service from leading providers, offers you a simplified experience. With Equity Trust Company as your cryptocurrency IRA custodian, you benefit from one of the industry’s most advanced platforms, which offers:
Many of the most popular cryptocurrencies are available
Easily invest in minutes online with a few clicks
Online account establishment, buying, and selling
Trades settle the next business day (T+1)
Comprehensive security measures to protect your investments
Backing of an industry-leading self-directed IRA company
The Equity Universal IRA™ by Equity Trust is designed to allow investors to hold both alternative and traditional investments in a single IRA, without the hassle of moving funds from one trust company to another.
Benefits of investing in cryptocurrency with the Universal IRA include:
Learn More About How Cryptocurrency in the Universal IRA Could Transform Your Investing. Talk to an IRA Counselor today.
Attract more IRA investor business with our innovative cryptocurrency platform and custody services.
Our industry-leading APIs make it easy for you and your clients.