Follow these steps to initiate a transfer into your Unchained IRA.
Before you can fund your Unchained IRA, you must complete your IRA Onboarding and create an IRA vault on our platform. Once you complete those steps, you can initiate the funding process.
There are multiple ways to fund your Unchained IRA. The most common are:
- IRA-to-IRA transfer
- 401(k)-to-IRA rollover
- Annual contribution
Below, we will cover how to complete an IRA-to-IRA transfer. You can also fund your IRA from a few other types of retirement accounts. Contact our team to check if we can support your preferred funding method.
Video Guide
IRA-to-IRA transfer
To initiate your 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.
- Submit a Funding Form Request.
- Select IRA-to-IRA Transfer (USD Transfer) as your funding type if you're transferring USD funds.
- Select IRA-to-IRA Transfer (BTC In-Kind Transfer) if you have a bitcoin IRA with a custodian who allows in-kind transfers. Not all bitcoin IRAs allow this.
- An Unchained IRA associate will email the applicable funding form via DocuSign for you to sign.
- Fortis Bank will 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, and we will convert the funds into bitcoin and deposit it into your IRA vault.
Note: There is a $2,000 minimum for each transfer, rollover, or annual contribution.
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.