
Ethereum is the 2nd largest cryptocurrency by market capitalization and is growing in popularity thanks to its multifunctional capabilities.
In the United States, investors are able to keep digital currencies within IRA accounts as alternative assets.
In this guide, we will walk you through how you can store some within your IRA account TODAY.
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Everything You Need To Know About The Ethereum IRA
Last Update March 15th, 2022. An Ethereum IRA is a responsible way to safeguard your retirement savings into a digital currency backed IRA account.
Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.
Table of Contents
- Everything You Need To Know About The Ethereum IRA
- What Is An IRA?
- Understanding How Ethereum Works
- Taking A Dive Into Ethereum IRA
- Best Ethereum IRA Companies
- Investing In A Ethereum IRA
- How Do You Manage Your IRA?
- Short Term Benefits Of Ethereum IRA
- Long Term Investment Value Of Ethereum IRA
- 3 Ways To Buy Ethereum With Your IRA
- #1. BitIRA
- #2. Bitcoin IRA
- #3. Regal Assets
What Is An IRA?
For centuries, humans have made investments in retirement savings accounts of all kinds, including the IRA, also known as the Individual Retirement Account. The IRA has become a trustworthy anchor for investors today.
Common elements of conventional IRAs include:
- Bonds
- Stocks
- Diverse funds
However, the years and preferences of investors have been going through some changes. Over time, the IRA has become very popular as a result of:
- The desire for a higher return
- Benefits of diversification
- Growing risk tolerance
- Availability of innovative products
Furthermore, real estate, precious metals, and even virtual currencies have managed to find their way into retirement accounts.
Nonetheless, before going further, it is best to have an idea of how an Ethereum IRA works.
Understanding How Ethereum Works
Ethereum is a public blockchain platform that is capable of operating programs written in any programming language for use with the Ethereum virtual machine operating system. It is also known as EVM.
These program actions are easily executed by the self-executing pieces of code known as smart contracts. With every transaction, a block is recorded.
Furthermore, Ethereum provides its users with highly advanced coding alternatives which are in turn used in deploying smart contracts all over diverse industries. In the actual world, smart contracts authorize the exchange of:
- Physical goods
- Legal contracts
- Intellectual properties
- Financing, and
- Real estate
Making its debut in the year 2015, Ethereum is a Cryptocurrency that has some similarities with Bitcoin. Both of them are virtual currencies that their owners can choose to purchase, trade, or hold on to for investment.
And both function with anonymous transactions in environments that are decentralized. However, no intermediaries verify or manage the transactions.
As for Ethereum and its hard fork, Ethereum classic, they both emphasize the creation and operation of distributed applications.
Taking A Dive Into Ethereum IRA
An Ethereum IRA explores the potential of not only investing all of your funds in common options like real estate, bonds, and stock but also investing in Ethereum.
And so, as you make use of the Ethereum IRA and not the traditional IRAs, the aspiring retirees have a chance to hold on to actual ETH in their respective retirement accounts.
The Ethereum IRA is a financial product that is similar to the conventional IRA which you may already have. Additionally, asides from creating wealth through investing all of your money in bonds and stocks, the door is wide open for alternative assets.
Both Ethereum and all other virtual currencies are considered to be alternative assets by the standards of IRA.
Best Ethereum IRA Companies
Company | Headquarters | Phone | Minimum Investment | Fees | Storage & Security |
---|---|---|---|---|---|
BitIRA | Burbank, CA | (877) 465-2950 | $5,000 | Fees vary by account type, call for more information | Multi-Signature Cold Storage, Inside Class-3 Vaults |
Bitcoin IRA | Sherman Oaks, CA | (818) 381-0254 | $3,000 | Initial one time service fee, call for more information | BitGo Cold Storage IRA Wallet |
Regal Assets | Beverly Hills, CA | (833) 863-2020 | $10,000 | 1st Year Waived, $250 Annual Fee | Offline Wallet + Cold Storage |
Investing In A Ethereum IRA
For those interested in the long-term potential of virtual currencies, they can consider buying Ethereum in what is known as a self-directed IRA.
In setting up this self-directed IRA, investors are able to invest in unique assets that are typically not allowed in local retirement accounts. Also, you can even invest in and control both alternative and conventional assets like precious metals in one account (such as with the Regal IRA).
How Do You Manage Your IRA?
In setting up a self-directed IRA account, the most significant difference is knowing exactly who does what. For the conventional IRAs, expert money managers select and control investments that they know will bring them a solid return.
You have total control over every alternative and conventional asset held within an Ethereum IRA account.
Moreover, since you are the self-directed investor, you get to accept all responsibility for the assets you decide on. An example is that: when you purchase tokens in the virtual currency market, you get to decide on which particular currency you want to purchase.
Also, you get to decide on when exactly you should liquidate. Even though you will have to choose and manage the assets, the custodian you work with will assist you with all of the paperwork.
Short Term Benefits Of Ethereum IRA
When deciding if you want to invest in an IRA that includes cryptocurrency, it pays dividends to keep short and long-term business principles in mind. An Ethereum IRA offers short term monetary benefits such as:
#1. Deferred Taxes On Returns
Taking complete advantage of the tax-deferred returns on your assets with a local IRA is among the most cogent reasons to set up an Ethereum IRA.
Here, you can sell Ethereum on a short-term basis, or you can hold on to it as a long-term investment option.
As long as you follow through with all of the regulations, you will not pay taxes on the profits you make until you finally collect a distribution from the retirement fund.
#2. Protection Against Stock Value Loss
When you invest in Ethereum, you are diversifying with other optional alternative assets that do not necessarily follow trends in the stock market such as gold and silver. Virtual currencies like Ethereum are a brand new asset class.
Long Term Investment Value Of Ethereum IRA
In 2014, a ruling from the IRS centered on how Cryptocurrencies should be taxed was enforced. This ruling allowed investors to add alternative assets such as Ethereum to their IRAs as a long-term investment.
And now, under the recent IRS code, you have the power to combine investments from all of these asset classes under a distinct IRA account.
Nonetheless, Ethereum IRA’s establishment is still comparatively new and very exciting. This is because the platform is showing tremendous growth and has shown no sign of stopping.
With the new IRA, you get to begin from the ground floor and create your wealth while at the same time backing up decentralized and hyper-efficient business models. Ethereum is built on the blockchain so it has numerous benefits as a technology for financial services, decentralized apps, cloud based services, and wealth creation.
With the introduction of virtual currencies like Ethereum, some of the known issues that have plagued IRAs for quite some years will be handled effectively.
With the emergence of the Ethereum IRA, you have the option of investing in a strong virtual currency and not the usual stocks and bonds which you have been accustomed to over the years. As we have analyzed above, Ethereum has both short and long-term benefits for every user.
3 Ways To Buy Ethereum With Your IRA
Those who want to legitimately invest their IRA or 401k into an Ethereum IRA account can choose to do business with a few major custodians. We have compiled what we think are the best custodians for you as an investor in the near and long term. Before making an investment decision we advise each and every one of you to do your due diligence and research the people behind each of these companies and the services which they offer.
#1. BitIRA
Website: | bitira.com |
Phone: | (877) 465-2950 |
Headquarters: | Burbank, California |
Founded: | 2017 |
Minimum: | $5,000 |
More Information: | Read Review |
BitIRA is a company based in the United States that gives investors access to the growth potential of cryptocurrency, on a tax-deferred basis. Investors who want a self-directed Digital Currency IRA account with BitIRA can rollover any type of eligible retirement account including an existing 401(k), 403(b) or any IRA classification, such as Traditional, Roth, SEP, and SIMPLE.
As the world’s most secure Digital Currency IRA, BitIRA offers an IRA that is fully-insured against any cases of hacks, fraud, theft, and mistakes.
Why Invest With BitIRA?
- Fully compliant with the Cryptocurrency Security Standards (CCSS).
- Your cryptocurrency assets are fully insured against any cases of hacks, fraud, theft, and mistakes, and are housed inside Class III vaults at a state-of-the-art depository, with UL & ULC-rated, multi-redundant security systems, and protected by armed guards around the clock.
- Each investor has their own personal, encrypted cold storage hardware device that can only be accessed through multi-signature security.
- BitIRA gives investors access to purchase eight cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, Zcash, and Stellar Lumens.
- Learn how to supercharge your IRA with a free guide.
Summary: For those with an existing 401k or IRA, BitIRA has developed a way for investors to enjoy tax-deferred growth with digital currencies. As an investor working with BitIRA, you will have your own personal multi-signature hardware wallet. Your investment will be secured with cold storage inside of Class-III vaults, making it one of the world’s most secure digital currency IRAs. With a $20k minimum requirement, we recommend the BitIRA company for serious investors who want an ultra-secure IRA to invest in digital currencies. Learn more today.
BitIRA Company Information
Address: 3500 West Olive Avenue, Suite #300 Burbank, CA 91505
Country: United States
Phone: +1 (877) 465-2908
Website: www.bitira.com
#2. Bitcoin IRA
Website: | bitcoinira.com |
Phone: | (818) 381-0254 |
Headquarters: | Sherman Oaks, California |
Founded: | 2015 |
Minimum: | $3,000 |
Bitcoin IRA is the first and only full-service solution that gives investors in the United States the ability to invest in Ethereum, Ethereum Classic, Bitcoin, Bitcoin Cash, Ripple, Litecoin, and Stellar Lumens with an IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403b, or 401k into a self-directed Ethereum IRA account.
The company mission of Bitcoin IRA is to help smart investors achieve their goals by making the complex process simpler and safer by being fully transparent and straightforward.
Why Invest With BitcoinIRA?
- Support staff will walk you through the process from start to finish.
- Easily rollover funds from an existing IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403b, or 401k into a self-directed Bitcoin or Ethereum IRA account.
- Your investment is protected by a 3-keyed “Cold Storage” IRA wallet exclusive to Bitcoin IRA, powered by BitGo – the leader in multi-signature encryption technology.
- One-time fee for complete services of setting up your account, rolling over funds, executing the exchange, and securing your funds.
- Discover how the process works with a free Ethereum IRA guide.
- Freedom to choose your portfolio % between Ethereum, Ethereum Classic, Bitcoin, Bitcoin Cash, Litecoin, Ripple, ZCash, Stellar Lumens and more.
- Investment is licensed, bonded and fully insured for up to $1 million dollars with the Lloyds of London.
Summary: Bitcoin IRA is a one-of-a-kind investment opportunity. Those with existing IRA’s or 401k’s will find a plethora of options available for a retirement portfolio. Not only will you get to decide what you want in your custom portfolio, but you will have a specialist to walk you through every step of the way. With a $20k minimum requirement BitcoinIRA is a great company for investors who want to set up a simplified cryptoasset portfolio.
Bitcoin IRA Company Information
Address: 15303 Ventura Boulevard, Suite #1060 Sherman Oaks, CA 91403
Country: United States
Phone: +1 (818) 381-0254
Website: www.bitcoinira.com
#3. Regal Assets
Website: | regalassets.com |
Phone: | (833) 863-2020 |
Headquarters: | Beverly Hills, California |
Founded: | 2010 |
Minimum: | $10,000 |
More Information: | Read Review |
Regal Assets is a company well known amongst investors for its precious metals and gold IRA. Recently they have expanded their services to allow cryptocurrency investments. They currently offer three programs:
The Regal IRA program is the world’s first Alternative Assets IRA that gives investors the power to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).
The Regal Wallet program enables U.S. investors with an IRA to invest in Ethereum and/or any cryptoasset of their choosing.
The Regal Cryptos program grants international investors the ability to make cash investments in the cryptoasset of their choosing (minimum $5,000) and store the private keys within secure vaults.
Why Invest With Regal Assets?
- The highest rating profile in the precious metal industry for 10 years in a row.
- The only company to offer investors the benefit of both an offline wallet and cold storage. Unlike a cloud wallet, an offline wallet is completely theftproof and hackerproof. Cold storage ensures that your cryptocurrency assets are as secure as gold assets in a well-guarded vault.
- Your crypto investment is protected in the case of a physical or natural disaster and secure from computer crashes, malware, spyware or viruses.
- Easily access your Ethereum which is safely stored in an impenetrable offshore vault located in a crypto-friendly jurisdiction.
- All cryptocurrency investments are fully insured with the Lloyd’s of London.
- Featured in Forbes, Smart Money, and The Huffington Post.
- Maintains an A+ rating with the Better Business Bureau, AAA rating from the Business Consumer Alliance and is ranked #20 by INC 500.
Summary: Remember to always do your due diligence as an investor, however, it seems that Regal Assets has developed a robust platform for long-term crypto and metals investments.
We recommend the Regal Wallet for the serious investor who is considering an Ethereum IRA rollover. The Regal Cryptos account is available for international investors to safely invest in cryptoassets with cash. With the Regal IRA, investors have the power to invest in both cryptoassets and precious metals including gold, silver, platinum, and palladium.
REMEMBER: If you are investing more than $10,000, Regal Assets will cover the account setup fees and storage charges for the full first year.
Regal Assets Company Information
Address: 280 South Beverly Drive, 5th Floor Beverly Hills, CA 90212
Country: United States
Phone: +1 (833) 863-2020
International: 001-833-863-2020
Ethereum IRA – USA Investors: www.regalwallet.com
International Investors: www.regalcryptos.com
Website: www.regalassets.com