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Can I contribute my non-retirement bitcoin into an Unchained IRA?

An explanation on why you can't contribute bitcoin to an IRA

Unfortunately, you cannot make bitcoin contributions to an IRA, as per IRS guidelines. The Unchained IRA must be funded in USD.

The only exception to that rule is if you already have a bitcoin IRA with another provider, and would like to transfer that IRA bitcoin into an Unchained IRA. In this scenario, it is possible to process an “in-kind transfer” into your Unchained IRA, as long as your current provider supports bitcoin withdrawals.

 


Note: No contents of this post may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.