Nostr Web Client

Does anyone here use unchained for their IRA or have done research on it? Would love to hear a discussion on pros and cons and possible risks (regulatory probably).

Clearly holding your own keys is preferable. I know you get 2 of the 3 keys which is great. But what about from a regulatory perspective? I sure most here will say fuckem who cares but just wondering what ppl think abt self custody with unchained under the lens of the McNulty case?

Sam 1y ago

Not sure if you've read this.

I feel like it's the best option if you have money in an existing IRA/401K and want the ability to hold the majority of keys in a multisig to get access to BTC. Solera monitors the addresses but can't do shit with the funds. If you move the funds you pay the taxes and penalty. There's a key check every 90 days to make sure you are still in possession of your keys. Also, if the whole system goes tits up and taxes and what not don't matter anymore, you can move the Bitcoin without notifying anyone

https://unchained.com/blog/mcnulty-v-commr-bitcoin-ira/

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Discussion

BITwise 🐳 >>= RIGHTish 1y ago

Thanks! I saw some discussion they had on their site but this goes much more in depth vs what I had read. Appreciate it!