ETH can now be deposited in your Retirement Fund

By Lutpin Apr 29, 2017 5:00 PM EST

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BitcoinIRA.com recently launched the Ethereum Individual Retirement Account (IRA) investment product allowing people to invest money in a “self-directed” IRA. It holds Ethereum as retirement fund investment. It is the first and sole financial services firm that gives investors the chance to use Bitcoin for their retirement funds. They can also maintain Bitcoin in conventional IRAs (401 K or SEP) in their respective portfolios minus safety technicalities, secure purchases and long-term crypto currency storage.

Ethereum IRA

At present, investors can also keep the 2nd-most popular virtual currency, Ethereum. It has been made available to American investors and arranged online by simply transferring current retirement accounts into an independent Ethereum IRA. Just like Bitcoin, ETH can be the traditional, ROTH, SEP, or 401 (K). This provides the person flexibility in terms of investment account platform and preferred taxation form.

The market value of ETH has increased significantly since the currency was introduced in 2015. Smart contracts and decentralized apps became popular among Blockchain start-ups and financial entities since it facilitates development of real-world business apps. BitcoinIRA.com uses Trade Block ECX Index are reference rate for ETH. Genesis Global Trading handles liquidity. Safekeeping of investors’ money is provided in cooperation with BitGo multi-signature digital wallet for enterprise.

The method in adding Ethereum to the independent is similar to the BTC IRA. It is trouble-free and requires opening of an IRA account using secure e-sign app. This is funded by way of transfer before completion using the allocation order. Regulation for the regular IRA applies to the Ethereum version. Finances qualify for tax incentives although these may not be accessed until the account holder reaches 59 and ½ years. There is a penalty if you access the funds before this age.

Bitcoin IRA charges a low upfront fee without additional or recurring

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