How can I invest in cryptocurrencies through a John Hancock Roth IRA?
DillPickelDec 25, 2021 · 3 years ago1 answers
I'm interested in investing in cryptocurrencies and I have a John Hancock Roth IRA. Can I use my Roth IRA to invest in cryptocurrencies? If so, what are the steps involved and are there any limitations or restrictions?
1 answers
- Dec 25, 2021 · 3 years agoInvesting in cryptocurrencies through a John Hancock Roth IRA is possible, but it's important to note that not all custodians allow this type of investment. You'll need to check with your specific custodian to see if they offer cryptocurrency investment options. If they do, you can open a self-directed Roth IRA account and choose a cryptocurrency exchange to invest in. It's important to do your research and choose a reputable exchange with a wide selection of cryptocurrencies. Keep in mind that investing in cryptocurrencies can be highly volatile, so it's important to only invest what you can afford to lose and diversify your investment portfolio.
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