A bitcoin IRA lets you profit from the cryptocurrency’s potential gains in a tax-advantaged way

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3. How to buy bitcoin in your IRA

In a few ways, though, Bitcoin IRAs operate differently. These IRAs are directly managed by the account holder as opposed to a financial advisor or money manager, as the’ self-directed’ implies.

And they’re probably not handled by your regular brokerage, bank, or investment app. Self-directed IRAs are only available through firms that specialize in the type of asset you’re interested in.

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