Bitcoin IRA Custodians
CryptoWallet IRA works alongside federally-qualified custodian, Kingdom Trust, to keep your cryptocurrency investment securely protected, and IRS-compliant. Under the Internal Revenue Code, your IRA funds may not be held by you directly. Instead, your retirement funds must be held by a custodian for your benefit, which is where Kingdom Trust comes in.
CryptoWallet IRA has worked alongside Kingdom Trust for many years, rolling over clients’ existing retirement accounts into self-directed accounts, designed specifically for storing cryptocurrency and remaining compliant with IRS regulations. Unlike other custodians, Kingdom Trust specializes in servicing portfolios containing alternative assets.
Kingdom Trust manages over $12 billion in alternative investments for over 100,000 clients across the United States.
As a passive, non-discretionary custodian, Kingdom Trust does not offer investment advice, but does maintain your Bitcoin investment and store your cryptocurrency for you until you choose to take a distribution. After you reach retirement age, which the IRS recognizes as 59 ½, you are eligible to begin withdrawing funds, and you will begin to pay taxes on your funds at this time.
There are no penalties associated with rolling over your existing retirement account, and a number of plans are eligible for this manner of roll over. Existing IRAs, SEP IRAs, Roth IRAs, SIMPLE IRAs, 403bs and 401ks are all eligible to rollover into a self-directed CryptoWallet IRA account. CryptoWallet IRA will walk you through the details pertaining to your IRA rollover process from start to finish.
A cryptocurrency IRA offers investors an opportunity to invest in the money of the future with tax-free retirement funds. CryptoWallet IRA works with one of the most trusted sources in the custodian business, and is backed with the security of BitGo encryption technology. For more information about the benefits of owning a Bitcoin IRA, call one of our Cryptocurrency specialists today!
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