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Author Topic: [2018-07-01] CryptoBased IRA Says “Yes” to Transferring IRA and 401K to Crypto  (Read 36 times)
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July 02, 2018, 02:20:48 AM

CryptoBased IRA, a platform that is responsible for connecting consumers to qualified digital wallets, custodian and cryptocurrency exchanges, says “yes” to transferring IRA and 401K to Cryptocurrency– this is a solution for investors that are looking to hold cryptocurrencies like Litecoin, Ripple, Bitcoin, Bitcoin Cash, Ethereum Classic, Stellar, Zcash, and Ethereum in a self-directed IRA. CryptoBased IRA has pioneered a safe and simple process for completing transactions and assisting fund transfers, and more importantly, the entire process is approved by the IRS.

The IRS has ruled that cryptocurrency has “an equivalent value in real currency.” For this reason, people around the world are using digital currency in order to purchase goods and/or services. The IRS Virtual Currency Guidance: Notice 2014-21 has labeled Bitcoin as one of their examples of virtual currency and has declared “Bitcoin can be digitally traded between users and it can be exchanged into Euros, U.S. dollars and a variety of other virtual or real currencies.” Since people are exchanging Bitcoin for dollars or other currencies, this means that it can also be used in place of dollars or other currencies in order to make investments and to fund an IRA.

CryptoBased IRA explains why individuals should start transferring their IRA and 401K to cryptocurrency. More here,

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