Published Social post

Litecoin Foundation ⚡️ (@LTCFoundation): Litecoin IRA with Fidelity

Estimated coin impact

Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.

Litecoin IRA with Fidelity https://x.com/fidelity Investments quietly launched Crypto for IRAs last week, allowing investors to trade Litecoin in tax-advantaged retirement accounts as part of its growing digital assets push amid rising customer demand. Clients of the brokerage firm can now invest in three cryptocurrencies Bitcoin, Ether and Litecoin in traditional, Roth or rollover individual retirement accounts (IRAs) with no maintenance fees. However, Fidelity does charge a spread of 1% on the execution price of crypto transactions, as it does in its taxable crypto accounts. But remember, you could get a tax advantage for contributions to your IRA. Crypto for IRAs is open to U.S. residents in eligible states who are age 18 or older. Assets are held in cold storage—offline crypto wallets that are considered more secure than their online counterparts—and custodied by Fidelity Digital Assets. More at https://www.fidelity.com/crypto/retirement-ira

Back to news archive