Follow these steps to initiate a transfer into your Unchained IRA.
Before you can fund an Unchained IRA, you must set up an IRA account.
There are multiple ways to fund your Unchained IRA. The most common are:
- IRA-to-IRA transfer
- Employer Plan Rollover: 401(k), 403(b), TSP and others
- Annual contribution
IRA-to-IRA transfer
Unless your funds are already in an existing bitcoin IRA, you must liquidate the IRA assets into USD before they are eligible for transfer.
Next, you’ll need to complete the IRA funding request form within the Unchained platform. Select the IRA account you want to fund, navigate to the IRA Cash balance tab at the top navigation bar, and click Fund.
On the next screen select IRA-to-IRA transfer and press Continue.
Once you complete and submit the form, an Unchained IRA associate will email the applicable funding form via DocuSign for you to sign.
Fortis Bank will then contact your current custodian to coordinate the transfer of USD. Once your custodian processes the transfer request, your IRA funds will be sent to Fortis Bank. Once the funds are received by Fortis Bank and added to your IRA cash balance, you may use the funds to buy bitcoin.
Note: There's no minimum amount needed to complete a transfer, rollover, or annual contribution to your IRA account. However, our trade desk has a $2,000 minimum for all trades (such as using your cash balance to buy bitcoin for your vault).
No contents of this article 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.