RE: How to grow your crypto investment completely tax free (US residents)

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How to grow your crypto investment completely tax free (US residents)

in tax •  7 years ago 

Really enjoyed this post and want to thank you for its thoroughness. I did have a question though and would appreciate your input/feedback.

You mention setting up an institutional account with itBit, buying Bitcoin, and then transferring to a Bittrex institutional account. Just curious - why couldn't I just go straight to Bittrex and skip the itBit part (if Bittrex would accept my IRA LLC)? I guess I don't understand why that "itBit step" is needed?

Thanks again for the post!

tax
7 years ago by

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