What are the fees associated with investing in Bitcoin through an IRA?

1 answers

• Dec 29, 2021 · 3 years ago
  Investing in Bitcoin through an IRA can come with various fees. These fees can include a setup fee, which is charged by the custodian to establish the IRA account. The setup fee can vary depending on the custodian you choose. Additionally, there may be an annual account maintenance fee, which covers the administrative costs of managing your IRA. This fee is usually a percentage of your account balance. Lastly, there may be transaction fees associated with buying or selling Bitcoin within your IRA. These fees can vary depending on the exchange or platform you use. It's important to carefully review the fee structure of the custodian and exchange before investing to ensure you understand the costs involved. Please note that the fees mentioned here are general and may vary depending on the specific custodian and exchange you choose.
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