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How can I use a USAA Roth account to invest in cryptocurrencies?

avatarSR RUANDec 25, 2021 · 3 years ago3 answers

I have a USAA Roth account and I'm interested in investing in cryptocurrencies. How can I use my USAA Roth account to invest in cryptocurrencies?

How can I use a USAA Roth account to invest in cryptocurrencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure, you can use your USAA Roth account to invest in cryptocurrencies. However, it's important to note that USAA does not directly offer cryptocurrency investments. To invest in cryptocurrencies using your USAA Roth account, you would need to open a self-directed Roth IRA with a custodian that allows cryptocurrency investments. Once you have opened the self-directed Roth IRA, you can transfer funds from your USAA Roth account to the self-directed IRA and use those funds to invest in cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! You can invest in cryptocurrencies using your USAA Roth account. However, USAA itself does not offer direct cryptocurrency investments. To invest in cryptocurrencies, you would need to open a self-directed Roth IRA with a custodian that allows cryptocurrency investments. Once you have set up the self-directed Roth IRA, you can transfer funds from your USAA Roth account to the self-directed IRA and then use those funds to invest in cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    Yes, you can invest in cryptocurrencies using your USAA Roth account. However, USAA does not directly offer cryptocurrency investments. To invest in cryptocurrencies, you would need to open a self-directed Roth IRA with a custodian that allows cryptocurrency investments. Once you have set up the self-directed Roth IRA, you can transfer funds from your USAA Roth account to the self-directed IRA and use those funds to invest in cryptocurrencies. BYDFi is a popular custodian that allows cryptocurrency investments and is often recommended by investors.