Fidelity, one of the largest financial services firms in the U.S., has launched a no-fee crypto IRA—a move poised to make digital asset investing more accessible for retirement-focused Americans. This new offering allows U.S. residents aged 18 and above to invest in popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) through various IRA types, including Roth, traditional, and rollover IRAs.
The Fidelity Crypto IRA stands out by eliminating account fees, making it an attractive option for both first-time crypto investors and seasoned traders looking to diversify their retirement portfolios.
Security is at the core of Fidelity’s crypto retirement solution. All assets held in the Fidelity Crypto IRA are custodied by Fidelity Digital Assets and stored in cold storage, a highly secure method of keeping digital assets offline and out of reach from cyber threats.
Cold storage custody adds a significant layer of protection, ensuring long-term investors have peace of mind when planning for their financial future. Fidelity’s reputation for compliance and security offers an additional level of trust for those still hesitant about crypto investing.
By combining traditional IRA structures with digital assets, Fidelity’s new product opens the door to potential tax-advantaged crypto investing. Whether you’re eyeing a Roth IRA for tax-free withdrawals or a traditional IRA for upfront deductions, the Crypto IRA makes it easy to align your long-term financial goals with your crypto strategy.
Users can open accounts directly through Fidelity’s digital platform, selecting their preferred crypto assets and managing allocations within a familiar retirement framework. It’s a user-friendly option that merges innovation with the retirement investment tools millions already trust.
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