Follow these steps to sell bitcoin from your Unchained IRA.
The Unchained trading desk enables you to sell bitcoin from your Unchained IRA. You may sell between $2,000 and $5,000,000 worth of bitcoin from your Unchained IRA in a single trade. Whenever the trade is complete, we’ll deposit the USD directly to your IRA cash balance.
What you'll need
- Your hardware wallets with their USB cords
- A PC or Mac with USB ports to connect your hardware wallet
- Selling is not supported through the Unchained mobile app at this time.
- An Unchained IRA vault with a bitcoin balance of at least $2,000
Video Guide
Sell bitcoin from your IRA
To sell bitcoin:
- Select the Sell button on the left side of your Unchained IRA account.
- Enter the amount of bitcoin you’d like to sell and press Continue.
- Next, choose two keys to sign the transaction and click Continue. If you select the Unchained key, it may take up to three business days for us to sign.
- Review the transaction thoroughly before pressing Continue. Once you progress beyond this screen, the corresponding bitcoin transaction will be created, and you can no longer edit your selections.
- Sign the transaction with one or both of your keys and click Continue.
- Review the details of your transaction one final time. When you’re ready, tick the checkbox to acknowledge our terms of service, and click Execute sale and broadcast transaction.
- Once the trade executes, you’ll see a confirmation screen where you may download a trade statement. Trade statements are also available in the documents center.
- Navigate to your IRA cash balance to see the proceeds from the sale in your account. The funds will not be available to withdraw until the bitcoin transaction has been confirmed on the blockchain. You may also leave the funds in your IRA cash balance indefinitely.
Note: The maximum trade amount in an IRA account is $5,000,000.00. If you’d like to sell more than the equivalent of $5,000,000.00 in bitcoin you may execute multiple trades.
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.