If you’ve been following along with us on social media, you know that new crypto assets are being added almost every week. (And if you aren’t, follow us on your preferred social network to stay up to date on our new coin and investment partner announcements. See links at the bottom left.)
Since announcing the addition of 19 new coins and tokens on August 25, we’ve added another 21 cryptocurrencies to Alto CryptoIRA through our Coinbase integration-for a grand total of more than 100!
Prior to passing this major milestone, Alto CryptoIRA already offered among the largest coin and token selections of any cryptocurrency IRA. In fact, if there’s a crypto IRA that offers a greater selection of crypto, we’ve yet to find it. (At least announced publicly, but why not share something like that?!)
At Alto, we’re all about providing you the opportunity to diversify your portfolio with alternative assets-including real estate, securitized art, fine wine, startups, and crypto. Adding to our selection of digital assets is right in line with this mission. Because you should be able to invest in the digital assets you believe have the most long-term potential-and with all the same tax advantages of any IRA.
Here’s what we added to Alto CryptoIRA through our integration with Coinbase:
21 New Cryptocurrencies Available Through Alto CryptoIRA
Civic is a protocol designed to streamline the process for verifying know your customer (KYC) and anti-money laundering (AML) requirements. Powered by the ERC-20 token CVC, it allows users to securely share their information without constantly re-verifying their identity.
Made up of decentralized applications, communities, and markets, the district0x Network aims to facilitate operation and governance of these entities, with the Ethereum-based district0x token used to vote for proposals made by participants in the network.
Loom Network (LOOM)
LOOM is a proof-of-stake token used to secure and pay for decentralized app hosting on the Loom Network-an interoperable platform that allows apps to integrate seamlessly with Bitcoin, Ethereum, and more.
Assemble Protocol (ASM)
ASM is an ERC-20 token that powers Assemble, a platform where users and merchants can collect and spend reward points. Diversified points can be utilized in various ways and integrated into a single token.
TRAC is an ERC-20 token that can be used to pay for data processing and storage on the OriginTrail network. Coined as a decentralized knowledge graph, OriginTrail’s platform is used for organizing and verifying important assets.
This ERC-20 token can be used to pay for fees on LCX Exchange, a centralized trading platform that offers a range of digital currencies. LCX also powers a number of other LCX products such as LCX Terminal and DeFi Terminal.
KRL is an ERC-20 token that powers Kryll, an automated marketplace where users can browse, create, and test trading strategies. KRL can be used to pay for activity on the Kryll platform.
This ERC-20 token powers a blockchain-based ecosystem that aims to elevate the consumer experience through transparency and technology. SUKU tokens can be used for platform governance and to reward both users and node operators.
Crypto.com Coin (CRO)
Crypto.com Coin is a public ERC-20 token that aims to allow and empower users to pay with cryptocurrency while receiving cashback rewards.
Bounce Auction (AUCTION)
Unlock the potential of open finance with AUCTION, an ERC-20 token that powers Bounce, a decentralized auction platform. This token can also be used to trade scarce digital assets and pay for certified listings.
Perpetual Protocol (PERP)
With a goal of democratizing trading, PERP, another ERC-20 token, allows users to trade a wide range of assets, including crypto, and open long- and short-leveraged trading positions, via the Perpetual Protocol.
ARPA Chain (ARPA)
An ERC-20 token, ARPA powers the ARPA Chain, a blockchain-based secure computation network that enables scalable data storage, as well as privacy-protected smart contracts and payments.
JASMY is an ERC-20 token that powers an organization with the goal of returning personal data to the hands of the individual it belongs to through data democratization. It can be used to transfer tokens between devices and as payment for network services.
Wrapped Centrifuge (WCFG)
New tracking coin Wrapped Centrifuge (WCFG) is an ERC-20 token designed to represent Centrifuge on the ETH blockchain and follow the price of Centrifuge (CFG).
Function X (FX)
Powered by the FX token, Function X supports cross-chain and multi-chain coordination across f(X)core and other Function X chains, as well as Ethereum and others, allowing the ability to trade assets with high transaction speeds and low costs.
Used to reward active users and for participating in governance issues, the RARI token powers Rarible, an easy-to-use NFT marketplace and issuance platform.
Badger Dao (BADGER)
An ERC-20 token with a fixed supply of 21 million, BADGER is the governance token of BadgerDAO, which is working to better integrate Bitcoin into the decentralized finance ecosystem.
Shiba Inu (SHIB)
An Ethereum-based alternative to Dogecoin, SHIB powers the Shiba Inu Token ecosystem, which supports the development of a decentralized exchange called ShibaSwap and an NFT art called the Shiba Incubator.
A programmable smart contracts platform, Avalanche is compatible with Ethereum’s programming language, Solidity, and can be used to build fast, low-cost private or public decentralized apps.
COTI is an ERC-20 token that powers COTI, an enterprise-grade platform that enables organizations to build decentralized payment networks and digitize any currency.
Diversify Your Portfolio with One of the Largest Selections of Crypto Available in an IRA
Whether you’re just getting into cryptocurrency or were an early adopter, an Alto CryptoIRA could be the easiest, most tax-efficient way to invest in crypto. Why?
Instead of paying gains taxes and reporting every trade, by investing in crypto with an IRA, you’ll either defer taxes until you take distributions-at which point (assuming you are not taking an early distribution) you’ll pay income tax (traditional and SEP IRAs)-or never pay taxes at all (Roth IRAs).
Taxes aren’t the only advantage, though. Alto CryptoIRA offers some of the lowest trading fees of any crypto IRA, as well as:
- No monthly account fees
- No setup fees
- $10 investment minimums
- A 1% trading fee
- Up to 200+ coins and tokens
- Integration with Coinbase
We even offer a complimentary concierge service to help you create and fund your account.
Ready to start trading crypto the tax-advantaged way? Open a CryptoIRA today!
Alto is an administrator of IRAs, is not a fiduciary, and does not provide investment advice. Nothing herein shall be construed as financial, legal, or tax advice or a recommendation or solicitation of any particular investment, security or cryptocurrency. All information in this article is solely for information purposes. Investors are responsible for conducting their own due diligence regarding all self-directed IRA investments.
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