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About Entrust

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For 40 years, The Entrust Group has provided account administration services for self-directed retirement and tax-advantaged plans. Entrust can assist you in purchasing alternative investments with your retirement funds, and administer the buying and selling of assets that are typically unavailable through banks and brokerage firms.

cryptocurrency

Investing in cryptocurrency with a self-directed IRA can be part of a tax-advantaged strategy to grow your retirement portfolio.

Cryptocurrency, or “crypto” as it is commonly called, is a virtual currency designed to provide an alternative to centralized currency. Cryptocurrencies are created with cryptography and kept on a digital public ledger that verifies transactions on a blockchain.

The most well-known crypto coin is Bitcoin, but others including Ethereum, Ripple XRP, Cardano, Litecoin and many more are also traded in high volumes.

The market for crypto is well known for its volatility. Although this digital asset has seen incredible growth over the last several years, it is also susceptible to fluctuations. Because crypto is a relatively new asset that operates outside of current banking structures, the regulatory demands are a constant source of discussion and potentially subject to changes.

Cryptocurrency Purchasing Strategies

When it comes to investing in cryptocurrency with your SDIRA, you have three options:

cryptocurrency-exchange

Invest in Cryptocurrency Through an Exchange

Entrust clients can invest in crypto with their SDIRA using an exchange called ErisX. You can invest in any currencies that are supported by this exchange, and it becomes the custodian of your cryptocurrency. When you use an exchange, you do not have to manage your own wallet or keep track of your keys.

You can begin investing in crypto with ErisX by following this process:

START
STEP 1
Open an SDIRA and fund your account
STEP 2
Open an SDIRA and fund your account
STEP 3
Complete the ErisX onboarding process and select Entrust as your SDIRA provider.
STEP 4
Upon approval from ErisX, login to the Entrust Client Portal to submit a new investment request.
STEP 5
On the electronic form, specify New Purchase/Equity and upload your ErisX application packet.
STEP 6
Entrust will transfer funds to ErisX and notify you once these funds are available in your ErisX IRA trading account.
FINISH

You can then begin investing in
crypto on ErisX with your SDIRA.

cryptocurrency-funds

Invest In a Cryptocurrency Fund

SDIRA-holders also have the option to invest in cryptocurrency funds. This sector of the market is growing rapidly and includes everything from Bitcoin ETFs to index funds and even futures-based funds. Some of these funds hold cryptocurrency, while others invest in services related to cryptocurrency.

The process to invest in a crypto fund with an SDIRA at Entrust is the same as investing in private equity. Initiate a purchase in the portal for any crypto fund you would like to invest in by completing an Alternative Asset Investment Request. Once Entrust processes the request, we will send the funds to the crypto investment fund you have selected.

cryptocurrency-llc

Invest in Cryptocurrency Through an LLC

For more control over your crypto investments or the option to hold the keys to your crypto wallet, your SDIRA can invest through an LLC. Your LLC can hold crypto in a non-custodial wallet or a hardware wallet. It can also purchase crypto on any exchange or invest in any crypto fund.

You can learn how to establish an LLC on our LLC page. Once you have set up your SDIRA and an LLC, you can use the funds in the LLC’s checking account to begin investing in cryptocurrency.

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