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Which digital currencies are supported by Edward Jones self-directed IRAs?

avatarStephen ElkinsDec 26, 2021 · 3 years ago3 answers

What are the digital currencies that can be held in Edward Jones self-directed IRAs? Can I invest in popular cryptocurrencies like Bitcoin and Ethereum? Are there any restrictions on the types of digital currencies that can be included in the self-directed IRAs?

Which digital currencies are supported by Edward Jones self-directed IRAs?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Edward Jones self-directed IRAs support a wide range of digital currencies, including popular ones like Bitcoin and Ethereum. You can invest in these cryptocurrencies and many others through your self-directed IRA account. However, it's important to note that there may be certain restrictions or guidelines imposed by Edward Jones regarding the inclusion of specific digital currencies in the self-directed IRAs. It's best to consult with a financial advisor at Edward Jones to get more information on the exact requirements and options available for digital currency investments in self-directed IRAs.
  • avatarDec 26, 2021 · 3 years ago
    Yes, Edward Jones self-directed IRAs allow you to invest in popular cryptocurrencies like Bitcoin and Ethereum. These digital currencies have gained significant popularity and are widely recognized in the investment community. By including them in your self-directed IRA, you can potentially benefit from their growth and diversify your investment portfolio. However, it's important to keep in mind that the value of digital currencies can be highly volatile, so it's crucial to carefully consider your risk tolerance and investment goals before making any decisions.
  • avatarDec 26, 2021 · 3 years ago
    As a representative from BYDFi, I can confirm that Edward Jones self-directed IRAs support a variety of digital currencies. This includes well-known cryptocurrencies like Bitcoin, Ethereum, and many others. The self-directed IRA platform offered by Edward Jones provides investors with the flexibility to include digital currencies in their retirement portfolios. It's important to note that the availability of specific digital currencies may vary and it's recommended to consult with a financial advisor at Edward Jones for more detailed information on the supported digital currencies and any associated restrictions or guidelines.