Digital Currency with an IRA

You can now invest your IRA in Bitcoin and other popular digital currencies (also referred to as cryptocurrency) on Equity Trust’s Digital Asset Platform – a robust and user-friendly platform backed by industry leading security protocols.

Institutional investors will have the flexibility to buy/sell/view digital currency instantly. All account investment positions, across asset classes including digital currency, can be seen from one consolidated view. Plus, with cold-storage security best practices, end-users are not responsible for maintaining keys.

FAQs About investing IRAS in Digital Currency

What types of digital currencies are available on Equity Trust’s digital asset platform?

Equity Trust Company currently supports the following currencies to be held in your self-directed account:
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Ethereum Classic
  • Ripple
How long does it take to purchase and for a transaction to settle?

After your digital asset transaction is submitted through the Digital Asset Platform, the transaction will settle on the trade date plus one (“T+1”), or next day settlement.

How secure is my digital currency and where is it held?

Equity Trust’s digital asset platform has industry leading security protocols, including multi-factor authentication for platform access and multi-signature wallet access verification. Your digital currency will be held in a secure offline “cold storage” vault that is not connected to internet. We partnered with Vo1t, a digital asset custodian, who uses cybersecurity best practices to create a secure vault for your assets.

What is Equity Trust Company’s role in the process?

Equity Trust Company facilitates the purchase and sale of digital currencies.
  1. During the purchase process, Equity Trust ensures the funds are pulled from your IRA and used to purchase digital currency from a digital currency liquidity provider (Genesis Global Trading) or exchange. After the purchase is made on the exchange, Equity Trust ensures your currency is safely and securely sent to a digital asset vault (Vo1t), and your assets are properly recorded within your IRA account;
  2. During the sale process, Equity Trust ensures that the digital currencies requested to be sold are pulled from the secure vault (Vo1t), and sold with a digital currency liquidity provider (Genesis Global Trading) or exchange. Equity Trust receives the cash proceeds from the sale and places the funds into your IRA account.
What are the fees associated with Equity Trust’s Digital Asset Platform?
  • Minimum $10,000 available cash in the platform required at the time of first trade
See the entire fee schedule here.

Discover more by calling 855-355-2587

Equity Trust Company will not provide investment advice or risk assessment of any investment. The digital currency market may experience a high degree of volatility and clients should consult with an investment professional before any investment is made.