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Are there any restrictions on trading options in a Roth IRA with digital currencies?

avatarCahill CarstensDec 26, 2021 · 3 years ago1 answers

What are the limitations or restrictions when it comes to trading options in a Roth IRA using digital currencies?

Are there any restrictions on trading options in a Roth IRA with digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that trading options in a Roth IRA with digital currencies is subject to certain restrictions. While it is generally allowed to include digital currencies in a Roth IRA, there may be limitations on the types of transactions that can be made. It is important to review the guidelines provided by the IRS and consult with a financial advisor to ensure compliance with the rules. Additionally, it's important to consider the risks associated with trading options and digital currencies, as they can be volatile and unpredictable.