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RE: 100 STEEM Bounty : Looking for an IRA that can potentially do crypto

in #ira6 years ago (edited)

First, figure out if you can get your funds into a Roth IRA so it can grow tax free (google Backdoor Ira if your reported income exceeds the limit or depending on the amount you’re transferring). Most brokerage at this point cannot give you direct access to cryptos, you can only invest in GBTC or equities that are exposed to cryptos like ICE or SQ. I suggest motifinvesting.com to build a cheap diversified portfolio that is exposed to crypto if you want to be a long term holder with little trading. I’ve seen ads for bitcoinira.com but have no experience with it to give an honest opinion. Otherwise for more trading, you probably want to go with a traditional low cost brokerage like scottstrade. They just aren’t crypto friendly yet but keep in mind you can always transfer funds later, so maybe split it 50/50 between motif and scottstrade to get what you want.