Holding Bitcoin in a tax deferred account can potentially remove all future appreciation from taxation. I can cut through all of the confusion and guide you through the entire process of setting up the legal structure necessary to hold Bitcoin or other cryptocurrency in a Traditional IRA, Roth IRA or 401(k).
There are many Bitcoin IRA solutions in the market. Why should you choose this one?
Because unlike most “Bitcoin IRAs”, our structure allows you to hold your own private keys while using IRA or Roth IRA funds. This is both more secure and cheaper in the long run.
Why is this important?
As the saying goes, “not your keys, not your Bitcoin.” When you don’t hold the private keys for your Bitcoin, your funds are by necessity exposed to:
- Hacks. There have been 30+ successful hacks to date of Bitcoin exchanges and other custodians.
- Solvency Risks. If you hold your keys in a custodial solution and that provider goes out of business, your funds could be gone.
- Regulatory Seizure. Funds in custodial solutions are subject to being arbitrarily frozen should a “chain analysis” company find the source of your coins to be unsavory.
- Costs. While a “normal” custodial Bitcoin IRA may have low upfront costs, it typically has marked up trading fees and annual account value fees. Sometimes the annual value fee is particularly sneaky and only kicks in when your account value starts to appreciate. With the Keykeeper IRA, there are never annual fees based on account value or trading fees, and you can trade with a normal exchange account of your choice.
With the Keykeeper IRA, you can eliminate all such issues. You can secure your keys however you like: hardware wallets, cold storage, multi-sig, and more.
The one-time setup fee for a Keekeeper IRA is $1995, which covers every fee you would be charged in the entire first year of operation. In Year 2 and future years, the annual fee is a flat $150. And if you live in a state like California that levies high annual fees on most self-directed IRA setups, we have a solution to avoid those fees as well.
The Keykeeper IRA can be set up as either a Traditional IRA or a Roth IRA.
Disclaimer: Vandrew LLC is a law firm which sets up the legal structure necessary to hold Bitcoin in an IRA. We are not financial advisors or money transmitters and we do not engage in direct sales of Bitcoin or any other investment.