| Bitcoin meets the individual retirement account
This is my favorite and most boring tip.
One of the most common ways to save for retirement in the US is through an IRA. Similar plans exist in Canada, Australia, the UK and other countries.
There are two basic types and both require following specific regulations:
Traditional IRA: The money you deposit is tax-free. You are taxed on the gains when it is paid out in retirement.
Roth IRA: You pay taxes on the money you deposit. Gains are tax-free upon withdrawal.
Tens of millions of Americans avail themselves of this. Now there are bitcoin and crypto-related custodians that allow people to deposit crypto into their IRAs.
I personally use one, the Choice App, which allows you to contribute to your retirement account and buy and trade bitcoin as well as 25 other cryptocurrencies. As a note, I am not being paid to say this - I am a happy customer!
Another well-known service is Bitcoin IRA. They state on their website that they offer this service for 60+ cryptocurrencies. Per the data I was able to pull from Google, they are the oldest crypto IRA service on the market.
iTrust Capital is another service. They boast over 150,000 accounts created.
Other similar services may exist in other countries as well.
If you plan to hold bitcoin and Eth for the next 10-20 years (I do), it's almost foolish not to look into this. | 