Is crypto a good investment for retirement?

Crypto can be a good investment for retirement if you are interested in getting involved with an emerging financial asset that is still available at a relatively low cost. Keep in mind that it is still new and cryptocurrency still experiences volatility in the marketplace.

What percentage of crypto should I invest?

The correct percentage depends on a lot of factors. Some investors have made a small allocation of 1-2% of their portfolio in crypto, while others have invested 5% in digital currency. Whether you want to invest more or less will depend on your specific needs and situation.

Is holding Bitcoin in an IRA taxable?

According to the IRS, trading in virtual currency makes you liable to capital gain tax. However, a traditional crypto IRA functions similarly to a traditional IRA. They are tax-deductible, and you will defer paying any tax on the money until you access it.

Is it safe to use a cold storage wallet?

Not only is cold storage safe for cryptocurrency, but it should also be where the majority of your virtual currency is stored.

Where should I store my Bitcoin?

It would be best to store your cryptocurrency in a combination of hot and cold storage. Your hot (accessible online) wallet, typically stored digitally on a mobile device, should hold a small to medium amount of your crypto. Most of your crypto should be stored on a cold wallet, ideally in a fireproof safe in a secure location.