How can I use a SDIRA to invest in cryptocurrencies?

1 answers

• Mar 17, 2022 · 3 years ago
  Absolutely! Using a SDIRA to invest in cryptocurrencies can be a smart move. Here's a simple guide to get you started: 1. Open a SDIRA account with a custodian that allows cryptocurrency investments. 2. Fund your SDIRA account by rolling over funds from an existing retirement account or making new contributions. 3. Choose a cryptocurrency exchange that supports SDIRA investments and sign up. 4. Complete the necessary paperwork to link your SDIRA account with the exchange. 5. Transfer funds from your SDIRA account to the exchange and start investing in cryptocurrencies. Keep in mind that cryptocurrencies are highly volatile, so it's important to diversify your investments and only invest what you can afford to lose. Happy investing!
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