Introducing the Crypto Club!
Investing in Cryptocurrency with your IRA can potentially save you thousands of dollars in capital gains taxes. Our simple process of establishing a Cryptocurrency IRA account will offer our clients true flexibility. We work with some of the most well-regarded Cryptocurrency exchanges in the industry, such as ErisX, Sarson Funds, etc., to give our clients unlimited 24/7 trading. If you are new to investing in this asset class, then IRA Club is right for you! Our team will guide you step by step through every part of the process, from account establishment to your first trade.
What Makes Crypto Club the Perfect Fit for Your IRA?
The Process in Five Simple Steps:
Establish Your Self Directed Account
- Submit a completed application along with a copy of your ID, DL, or passport to email@example.com or fax to (312) 283-2615
- If you need any assistance with the application or if you have questions on the type of account to open, please give us a call at (312) 795-0988
Choose Your Exchange
Choose an exchange where you want us to establish an account for your Cryptocurrency IRA.
ErisX is a Chicago based exchange that has a simple user interface and can be a great option for people new to investing in Cryptocurrency.
Fund Your Account
- Submit a completed Investment Direction Form
- This will allow funds to move from your IRA account to your Cryptocurrency exchange account.
- Why invest in Crypto with a retirement account?
In the past year, Cryptocurrencies have taken off in value. Let’s assume you make $40,000 a year. If you had bought Bitcoin when it was worth $10,000 and sold at $40,000, you would lose about $7,000 in capital gains taxes that would otherwise not be assessed had the money been in a tax shelter such as a Roth IRA. You can follow this link to see how much you could save by investing in Cryptocurrency with a retirement account.
- What makes the IRA Club the best option for investing in Cryptocurrency with my retirement funds?
- IRA Club has one of the most well-trained, knowledgeable, and supportive customer service teams in the industry. If you are new to investing in cryptocurrency, we are one of the best firms to get a footing with the new asset. Instead of waiting for hours on hold to get someone that barely understands your situation, you’ll be given a personal concierge that will help you understand every detail with complete transparency. We will help make sure that you are given the best quality guidance so that this process seems simple. We will get to know you on a first-name basis and you will be treated as such.
- Finally and most importantly, WE CHARGE ZERO COMMISSIONS ON TRADES. The IRA Club has a flat fee schedule. While some exchanges may charge fees, they are largely cheaper than the fees many of our competitors charge. For instance, a 1% trade fee might not sound like a massive cost but if you have $50,000 invested in bitcoin and you initiate two buy and sell trades in a year, you’ll be paying about $2000.
- Do I need to establish my own Crypto exchange account?
Nope! The IRA Club team will handle the entirety of the onboarding process with your preferred crypto exchange. However, you may have to fill out a questionnaire on behalf of the Cryptocurrency exchange.
- Does IRA Club charge any other fees besides the annual flat fee of $295?
No! IRA Club does not charge ANY commission on trades, nor do we charge any initial investment fees.
- How do I execute trades?
All of our customers have the ability to make their own trades. This means that if there are large movements in the valuation of a cryptocurrency, you would be able to quickly buy or sell your positions 24/7, even when the office is closed. You are in charge of executing all of your own trades,