Choice: Bitcoin in your IRA 2.22.3

Choice Holdings Incorporated – Freeware – iOS
out of 1481 votes

Revolutionizing Retirement: Bitcoin in your IRA

Pete Milner

02/23/2025

Choice by Choice Holdings Incorporated enables users to seamlessly integrate Bitcoin into their retirement accounts, offering a modern approach to investing in digital assets.

Choice helps individuals save more for retirement by offering a daily opportunity to win free bitcoin. With Choice, you can invest in bitcoin, cryptocurrency, stocks, and various other assets through a single retirement account. There are no set-up fees or minimums, providing you with more options for your hard-earned money.

The Choice App is the preferred choice for smart investors who want to transform their conventional 401(k)s and IRAs into bitcoin, cryptocurrency, or any other desired alternative.

WHAT IS CHOICE?

When you open a Choice Account, you are establishing an Individual Retirement Account (IRA) that exempts you from paying CAPITAL GAINS TAXES. Yes, you heard that right. While you accumulate bitcoins or engage in stock trading and other crypto activities through a Choice IRA, you don't have to pay any capital gains taxes on your trades or investment returns.

If you are eligible for a Roth IRA, you won't owe any taxes at all.

WIN BITCOIN EVERY DAY WITH BLINKO

Upon opening a Choice Account, you can participate in the daily chance to win free bitcoin by playing Blinko. We believe that the "set it and forget" mentality is ineffective; therefore, we reward you for paying attention to your savings. Simply open the Choice App and drop your daily chip for a chance to win.

WHAT OTHER TYPES OF RETIREMENT ACCOUNTS DOES CHOICE SUPPORT?

Whether you are starting a new tax-advantaged account or rolling over an existing 401(k), we support all types of IRAs—Roth, Traditional, SEP—as well as Solo 401(k)s.

WHAT CAN I DO FROM THE CHOICE APP?

Set up a new Choice IRA
Play Blinko once a day for a chance to win free bitcoin in your retirement account
Link bank accounts and initiate contributions
Manage your portfolio from anywhere
Buy or sell digital assets 24/7
Buy or sell stocks and ETFs during market hours
Get real-time insight into estimated tax savings, gains/losses, and more
Refer-a-friend and both of you receive a bitcoin reward

WHO WE ARE

Choice was created by Kingdom Trust, a custodian that has been providing custody services for various alternatives to individual and professional clients for over a decade. In 2017, we became the first custodian to offer qualified custody for bitcoin, and since then, our focus has been on shaping the future of finance.

Today, we power over $18 billion in Assets Under Custody and have more than 125,000 accounts. You could say we know a thing or two about tax-efficient investment accounts.

Kingdom Trust is an independent qualified custodian registered and regulated in the state of South Dakota. Kingdom Trust does not endorse, promote, sell investment products or specific investment advisors. We do not provide tax, legal, or investment advice. The information provided here is solely for informational and educational purposes. © 2021 Choice by Kingdom Trust.

NMLS# 1787594 | For more information on Choice or Kingdom Trust, please visit choiceapp.io or retirewithchoice.com.

Overview

Choice: Bitcoin in your IRA is a Freeware software in the category Business developed by Choice Holdings Incorporated.

The latest version of Choice: Bitcoin in your IRA is 2.22.3, released on 07/02/2024. It was initially added to our database on 10/13/2023.

Choice: Bitcoin in your IRA runs on the following operating systems: iOS.

Users of Choice: Bitcoin in your IRA gave it a rating of 5 out of 5 stars.

FAQ

What is 'Bitcoin in your IRA'?

'Bitcoin in your IRA' refers to the ability to hold Bitcoin and potentially other cryptocurrencies within an Individual Retirement Account (IRA), allowing for tax-deferred growth or tax-free withdrawals in certain accounts.

How does Bitcoin IRA work?

A Bitcoin IRA works by allowing you to set up a self-directed IRA which gives you the flexibility to buy, sell, and hold Bitcoin and other digital assets as part of your retirement savings.

Is it legal to hold Bitcoin in an IRA?

Yes, it is legal to hold Bitcoin in an IRA as long as the IRA is a self-directed account which permits the inclusion of alternative investments like cryptocurrencies.

What are the tax implications of holding Bitcoin in my IRA?

When you hold Bitcoin in an IRA, you can defer taxes on any gains until you withdraw funds from the account. With a Roth IRA, qualified distributions are tax-free.

Can I manage my own Bitcoin IRA investments?

Yes, with a self-directed IRA, you can manage your own investments, including buying and selling Bitcoin, but you must comply with IRS regulations regarding transactions.

What fees are associated with a Bitcoin IRA?

Fees may include setup fees, annual management fees, trading fees, and storage fees for securing your cryptocurrencies. It’s best to check with Choice Holdings for specifics.

How do I rollover my existing retirement account into a Bitcoin IRA?

You can rollover an existing retirement account by contacting your new account custodian at Choice Holdings who will assist with the transfer process without incurring tax penalties.

What type of cryptocurrencies can I invest in through my IRA?

Through a Bitcoin IRA at Choice Holdings, you can typically invest in various cryptocurrencies besides Bitcoin, such as Ethereum and Litecoin. Check for specific offerings.

What security measures does Choice Holdings have for my Bitcoin IRA?

Choice Holdings implements strong security measures like cold storage for assets, multi-signature wallets, and insurance coverage to protect your cryptocurrency investments.

Are there contribution limits for a Bitcoin IRA?

Yes, contribution limits for a Bitcoin IRA follow standard IRS rules. For 2023, the contribution limit is $6,500 ($7,500 if you're age 50 or older).

Pete Milner

I'm Pete, a software reviewer at UpdateStar with a passion for the ever-evolving world of technology. My background in engineering gives me a unique insight into the intricacies of software, allowing me to provide in-depth, knowledgeable reviews and analyses. Whether it's the newest software releases, tech innovations, or the latest trends, I'm here to break it all down for you. I work from UpdateStar’s Berlin main office.

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