Purchasing cryptocurrency with retirement funds is a great way to capture your growth tax-deferred.
The simplest way to hold bitcoin and other crypto in the Solo 401k is to activate an exchange account through Nabers Group . Our team of crypto veterans will expertly help you get this done. The steps are:
Open Account: Fill out a short form here. Then, our expert team will prepare the application for your Solo 401k. All you need to do is confirm the information and sign.
Transfer funds: The Nabers Group team will help you successfully fund your crypto account.
Buy Crypto: Do transactions any time through your own portal login. 1% flat transaction fee on trades.
The second path to holding crypto in the Solo 401k is for the 401k trust to open a "DIY" crypto exchange account and buy, hold, or trade the assets directly.
Please note this path requires your Solo 401k trust to competently open an institutional exchange account. Coinbase may not be used for the Solo 401k trust. You are responsible for ensuring the account is opened and titled correctly. Nabers Group does not provide support for other exchange account applications outside o provided knowledge base articles.
The steps to having your Solo 401k trust buy crypto directly through an exchange are as follows:
Open an institutional account at an exchange: This may also be called a business or corporate account. Coinbase Prime can support trust account (don't use your personal Coinbase account). Bittrex, Kraken and Gemini are also favorable for institutional accounts. The account must be titled in the name of the 401k trust, using the 401k trust tax ID number.
Fund account: Send a wire transfer from your 401k trust bank or brokerage account to your crypto exchange account.
Buy Crypto: Once the institutional exchange account is opened in the name of the 401k trust, you are ready to buy crypto. Wire funds from the 401k bank account to the crypto account and start purchasing.
You can open a Crypto Trading account through Nabers Group in 3-5 business days. Please note typical crypto exchange time for non-Nabers accounts can take 2 weeks to 3+ months to open.