IRAfi Crypto™

• Direct Contribution
• IRA Transfer
• Rollover of Previous Employer 401(k) Funds

No! IRA Financial is unique in that we do not require a minimum deposit to get started or maintain a minimum balance as long as you have a credit card on file.

Our IRAfi Crypto trading application and the Bitstamp exchange both employ several layers of cryptographic encryption to thwart bad actors and ensure you are the trader.  We utilize industry standard Symmetric, Asymmetric, and Hashing encryption strategies. Each have specific purposes to ensure no one can hack into your account.

All your information in our databases is encrypted at rest and backed up in real time to ensure no loss of data, and up to date backup of your trading information across multiple locations.

We have Advanced Threat Monitoring systems in place on our application servers, storage systems, and networking systems to continually watch for potential threats and have a threat response team that works 24x7x365 to look for and react to suspicious activity.

Since retirement plans are tax-advantaged accounts, you don’t need to worry about taxes, such as capital gains, when you trade cryptos inside one. With a traditional plan, taxes are deferred until you withdraw from the plan; if you utilize a Roth, never pay taxes on qualified distributions.

The main difference between the two types of plans is when you pay taxes. A traditional IRA is funded with pretax money, meaning you get an upfront tax break. Taxes are deferred until you withdraw from the plan. A Roth IRA is funded with after-tax money, therefore there is no immediate tax benefit. However, all qualified withdrawals are tax free.

Transfers occur between like accounts (IRA to IRA), while a rollover is from a different account (401(k) to IRA). A direct transfer or rollover goes directly from one custodian to another. An indirect transfer or rollover goes to you first. You then have 60 days to contribute the funds to a new plan.

You may choose a traditional or Roth Self-Directed IRA, SEP & SIMPLE IRAs for small businesses, Solo 401(k) if you are self-employed, HSA (Health Savings Account), or Coverdell ESA (Education Savings Account)

• It is designed for the Novice and Intermediate trader that wants to get started without first mastering a complex trading platform.
• It has a unique profit and history tracking tool that allows users to have a clear picture of their activities and the outcomes.
• It has direct education links from each coin to popular education sites like CoinMarketCap to help users learn more about coins to invest in.
• It provides real time pricing and profit/loss trends on-screen that other popular trading platforms do not offer.

Our IRAfi Crypto™ trading application and the Bitstamp exchange both employee several layers of cryptographic encryption to thwart bad actors and ensure you are the trader. We employ Symmetric, Asymmetric, and Hashing which all have specific purposes to ensure no one can hack into your account.

All your information in our databases is encrypted at rest and backed up in real time to ensure no loss of data, and up to date backup of your trading information across multiple locations.

We have Advanced Threat Monitoring systems in place on our application servers, storage systems, and networking systems to continually watch for potential threats and have a threat response team that works 24x7x365 to look for and react to suspicious activity.

A limit order is a direction to purchase or sell a crypto at a specified price or better. This feature allows retirement account investors to better control the prices at which they trade. A limit can be placed on either a buy or sell order:

• A buy limit order will be executed only at the limit price or lower. 
• A sell limit order will be executed only at the limit price or higher.

Not at this time. However, IRA Financial has been working on a multi-signature wallet solution that will comply with IRS rules and the McNulty case ruling that will allow retirement account owners to hold their cryptos off the exchange on a cold wallet in which they personally hold.

In order to invest in other assets such as real estate and precious metals, you need to upgrade your account to a full-service Self-Directed IRA or Solo 401(k) plan. Simply log into the app, and choose which type of plan you want.

IRAfi Crypto™ does not support all cryptocurrencies; it does support most of the major cryptocurrencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, etc. See the full list here.

If you wish to invest in a crypto not supported by our app, you can setup a Self-Directed IRA LLC and use an exchange of your choice. You would purchase cryptos in the name of the LLC and control the entire process on your own without the need for expensive brokers.