What are the contribution limits for cryptocurrencies in an IRA?

3 answers

• AlekhyaFeb 03, 2022 · 4 years ago
  The contribution limits for cryptocurrencies in an IRA are subject to the same rules as traditional assets. For 2021, the maximum contribution limit for an IRA is $6,000, or $7,000 if you are 50 years old or older. However, it's important to note that not all IRAs allow for cryptocurrency investments. You should consult with your IRA custodian or financial advisor to determine if cryptocurrency investments are allowed and what the specific contribution limits are for your IRA.
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• sezaro zoldekAug 18, 2023 · 2 years ago
  Contributing cryptocurrencies to an IRA can be a great way to diversify your retirement portfolio. The contribution limits for cryptocurrencies in an IRA are set by the IRS and are the same as the limits for traditional assets. As of 2021, the maximum contribution limit for an IRA is $6,000, or $7,000 if you are 50 years old or older. However, it's important to check with your IRA custodian to ensure that they allow cryptocurrency investments and to understand any additional restrictions or requirements they may have.
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• Gade DillonFeb 12, 2024 · 2 years ago
  BYDFi, a leading digital asset exchange, allows for cryptocurrency investments in IRAs. The contribution limits for cryptocurrencies in an IRA are determined by the IRS and are the same as the limits for traditional assets. As of 2021, the maximum contribution limit for an IRA is $6,000, or $7,000 if you are 50 years old or older. However, it's important to note that not all IRAs allow for cryptocurrency investments. You should consult with your IRA custodian or financial advisor to determine if cryptocurrency investments are allowed and what the specific contribution limits are for your IRA.
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