If you saw our billboard in Times Square this week, we hope one message stood out: “All of the trades. None of the taxes.”
It’s quite literally why we created the Alto CryptoIRA: To provide crypto investors the tax advantages of an IRA account with the freedom to trade as you please.
Whether you choose a traditional crypto IRA, which offers tax-deductible contributions, or a Roth crypto IRA, which offers completely tax-free withdrawals upon eligibility, investing in crypto with an IRA means no reporting purchases, sales, or trades on your taxes each year. (For more on cryptocurrency and taxes, see our recent blog post: How to Avoid Paying Taxes on Crypto.)
In the spirit of providing the freedom to trade crypto as you please, we’re excited to announce the addition of 19 new cryptocurrencies to the Alto CryptoIRA platform. Read on to learn about each.
New Crypto Now Available for Investing with CryptoIRA
1. Alchemy Pay (ACH)
Alchemy Pay is a platform that allows payments in both crypto and a variety of fiat currencies, and is powered by ACH, an Ethereum token.
2. Axie Infinity Shards (AXS)
An ERC governance token for the Axie Infinity Universe of online games, Axie Infinity Shards (AXS) holders play a deciding role in the future of the Axie Infinity ecosystem and community treasury.
3. BarnBridge (BOND)
BOND, an Ethereum token, governs the BarnBridge protocol, which lets users hedge against price volatility and yield sensitivity.
4. Chiliz (CHZ)
CHZ is the exclusive on-platform currency of the Socios.com sports fan engagement platform, which is built on the Chiliz blockchain.
5. Clover Finance (CLV)
The mission of Clover Finance is to enable cross-chain compatibility across different blockchains, with the CLV token paying for transactions and providing holders governance rights.
6. Fetch.ai (FET)
Powered by the FET token, Fetch.ai is enabling smart infrastructure in a decentralized digital economy based on machine learning.
7. Harvest Finance (FARM)
Powered by FARM, an Ethereum token, Harvest Finance optimizes yields by moving funds around the decentralized finance (DeFi) ecosystem, which generates yields.
8. IoTeX (IOTX)
IoTeX is a blockchain used to connect devices, NFTs, and more with the internet of things and is powered by the IOTX token.
9. Keep Network (KEEP)
The Keep network is an Ethereum-based public blockchain enabling private data to be used on public protocols while maintaining confidentiality.
10. Mask Network (MASK)
MASK token holders can vote on changes to the Mask Network, which enables social media users to send crypto, share content, and support Gitcoin fundings.
11. Orion Protocol (ORN)
The aim of the Orion Protocol is to aggregate CEX, DEX, and swap pools into a single, decentralized platform powered by the Ethereum token, ORN.
12. Paxos Standard (PAX)
Paxos Standard Token (PAX) is an Ethereum-based stablecoin that is regulated by the New York State Department of Financial Services.
13. PlayDapp (PLA)
PlayDapp is a blockchain gaming platform and NFT marketplace powered by PLA, an Ethereum token for processing transactions on the platform.
14. Polymath (POLY)
Polymath is an Ethereum-based solution that provides technology for creating, issuing, and managing digital securities on the blockchain.
15. Rai Reflex Index (RAI)
Rai Reflex Index (RAI) is an Ethereum-based stablecoin, of which the value is determined by users who generate RAI and holders who speculate on the use of RAI.
16. Rally (RLY)
Rally is an Ethereum-based open network for creators to launch independent communities and cryptocurrencies, and is powered by the RLY token.
17. TerraUSD (UST)
TerraUSD is a scalable, decentralized stablecoin operating on the Terra blockchain that earns yield powered by proof-of-stake blockchain rewards.
18. Tribe (TRIBE)
TRIBE is an Ethereum token that allows holders to vote on upgrades and other adjustments to the Fei Protocol, which issues the stablecoin FEI.
19. Wrapped LUNA Token (WLUNA)
An ERC-20 token, WLUNA gives LUNA holders the ability to trade, hold, and participate in decentralized Ethereum apps.
Invest in Crypto with a Tax-Advantaged IRA Account Today
These are just the newest cryptocurrencies available via CryptoIRA’s integration with Coinbase. Click here to see the full list of cryptocurrencies available to buy and sell with your Alto CryptoIRA.
If you’re interested in investing in cryptocurrency, CryptoIRA is for you. Signing up is easy, and $10 minimums mean you can invest as much or as little as you’re comfortable with.
What are you waiting for? Get started today.
Top 10 Brilliant Money-Saving Tips to Boost Your Savings
Improve your financial well-being by implementing these top 10 brilliant money-saving tips to boost your savings and provide relief in these challenging economic times.
Can I Contribute to a 401(k) and an IRA?
Retirement savings are a critical part of any financial planning strategy. Two popular types of retirement accounts are 401(k)s and IRAs. Both offer advantages and special considerations, leaving many...
How to Avoid Paying Taxes on Crypto Using an IRA
Wondering how to avoid paying taxes on cryptocurrency investments? Here, we discuss the tax advantages of investing in crypto with a traditional or Roth IRA.