Which cryptocurrencies are eligible for inclusion in a fidelity spousal IRA?
Mohamed EL TahanJan 14, 2022 · 3 years ago3 answers
I want to know which cryptocurrencies can be included in a fidelity spousal IRA. Can you provide a list of eligible cryptocurrencies for this type of retirement account?
3 answers
- Jan 14, 2022 · 3 years agoAs of now, Fidelity only allows Bitcoin (BTC) to be included in a fidelity spousal IRA. Other cryptocurrencies are not eligible for this type of retirement account. It's important to note that Fidelity's policies may change in the future, so it's always a good idea to stay updated with their latest guidelines.
- Jan 14, 2022 · 3 years agoUnfortunately, Fidelity currently only supports Bitcoin (BTC) for inclusion in a fidelity spousal IRA. If you're interested in diversifying your retirement account with other cryptocurrencies, you may need to consider alternative custodians or self-directed IRA options that allow for a broader range of digital assets.
- Jan 14, 2022 · 3 years agoAccording to BYDFi, a digital asset exchange, Fidelity spousal IRA currently only supports Bitcoin (BTC) for inclusion. However, it's worth noting that BYDFi offers a wider selection of cryptocurrencies for IRA accounts, including Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). If you're looking for more options, you may consider exploring BYDFi as an alternative to Fidelity.
Related Tags
Hot Questions
- 98
What are the best practices for reporting cryptocurrency on my taxes?
- 66
What are the tax implications of using cryptocurrency?
- 57
What is the future of blockchain technology?
- 46
What are the best digital currencies to invest in right now?
- 44
How can I protect my digital assets from hackers?
- 33
How does cryptocurrency affect my tax return?
- 12
How can I buy Bitcoin with a credit card?
- 9
Are there any special tax rules for crypto investors?