They won’t let you deposit bitcoin and they insist on the 1.5% on the way in. Not sure they’ll let you transfer out without paying.
Discussion
Nothing stopping you from doing it yourself since with Unchained you hold 2 out of the 3 keys. If you transfer out, they alert the IRS, but if done in retirement then there would be no penalty.
Ah, good point! So they’re just taking an extra 0.5% over a typical 1% exchange fee.
You can deposit bitcoin if it’s in an IRA already.
Which is true of almost nobody.
They won’t take regular non ira self custody bitcoin directly for some reason…I guess they really want the exchange fee. But if I could deposit bitcoin without making a taxable event then it would be worth it.
Yes but I think it’s not about getting that fee, it’s compliance. Once I realized I could hodl in an IRA, I switched to buying new sats in the IRA vs. non-retirement accounts. Perhaps it’s the only way.
Ahhh, I bet you’re right.
I should just start an IRA with them, not roll over my pseudo-BTC in the ETFs in my fidelity account.