How can I use a Chase IRA account to invest in cryptocurrencies?

1 answers

• May 01, 2022 · 3 years ago
  Yes, you can use your Chase IRA account to invest in cryptocurrencies. However, it's important to note that Chase itself does not offer direct cryptocurrency investments. To invest in cryptocurrencies using your Chase IRA account, you'll need to open a self-directed IRA account with a custodian that allows for cryptocurrency investments. Once you have the self-directed IRA account set up, you can transfer funds from your Chase IRA account to the self-directed IRA account and start investing in cryptocurrencies. It's worth mentioning that BYDFi is a popular custodian that allows for cryptocurrency investments in self-directed IRAs. They offer a user-friendly platform and a wide range of cryptocurrency options for investors. However, it's always a good idea to compare different custodians and choose the one that best fits your investment goals and risk tolerance.
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