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

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5. Are bitcoin IRAs safe?

No investment is without risk. Potential issues also exist with bitcoin IRAs. An IRA custodian should never promise your account is protected against losses due to a drop in your holdings’ price or value. It’s not. Protection against literal loss, due to theft or the firm going bankrupt, possibly. Protection from investment loss, never. Although, Bitcoin IRAs have:
Volatility.
Higher fees.
Investment minimums.
Responsibilities.

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