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

3 answers

• Dec 30, 2021 · 3 years ago
  When it comes to investing in cryptocurrencies through an IRA, there are several fees that you should be aware of. First, most IRA custodians charge an annual account maintenance fee, which can range from $50 to a few hundred dollars. Additionally, there may be transaction fees for buying and selling cryptocurrencies within your IRA. These fees can vary depending on the custodian and the specific cryptocurrency you're trading. It's important to carefully review the fee schedule provided by your IRA custodian to understand the exact costs involved.
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• Dec 30, 2021 · 3 years ago
  Investing in cryptocurrencies through an IRA can come with a variety of fees. Some custodians charge an annual account fee, which can be a fixed amount or a percentage of your account balance. In addition, there may be transaction fees for buying or selling cryptocurrencies within your IRA. These fees can vary depending on the custodian and the specific cryptocurrency you're trading. It's important to compare the fee structures of different IRA custodians to find the one that best suits your investment goals and budget.
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• Dec 30, 2021 · 3 years ago
  When it comes to investing in cryptocurrencies through an IRA, BYDFi offers a transparent fee structure. There is an annual account maintenance fee of $100, which covers the administrative costs of managing your IRA. In addition, there is a transaction fee of 1% for buying and selling cryptocurrencies within your IRA. These fees are competitive compared to other IRA custodians in the market. It's important to consider the fees along with other factors when choosing an IRA custodian for your cryptocurrency investments.
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