Things to Know About Bitcoin IRA Rollover

Things to Know About Bitcoin IRA Rollover

Over the past couple of months, a lot of people have started investing in Bitcoin as a way of saving their money and potentially growing it too. While it might seem like something that is not going to bring any benefit, in reality, the benefits are there and they are spread across, as well. Which only goes to show that you can benefit really from this, to begin with.

Now, if you wish to know more, we have an extensive list of things that you can access here But what we want to help you out with is a few things that you should know about bitcoin IRA rollover. I know the name might confuse some people but it is only here to help you out.

It is Not a Crypto Exchange or Wallet

The first thing that you must know is that you are not looking at something that acts as a crypto exchange or a wallet. However, this right here is a platform that is going to manage your IRA and access to crypto exchanges and wallets. I understand that this might not be a thing that most people want to handle but the more you learn about it, the better it is going to be.

It Requires an Investment

If you are looking to fund a new Bitcoin IRA account, you will have to roll over a minimum investment of $3,000 in most cases from existing IRA 401K or 403B funds. However, you will not be able to transfer your coins from another platform into your Bitcoin IRA due to the regulations that have been set by IRS. In addition to that, you also need to know that any virtual currency that you are buying through the platform must be in the USD.

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