Swan Bitcoin partners with Equity Trust Company to offer enhanced individual retirement accounts using Bitcoin.
Clients can now seamlessly manage Bitcoin (BTC) within their retirement portfolios, with new account types such as Solo 401(k)s, Roth Solo 401(k)s, SEP IRAs, and Health Savings Accounts available through the Swan platform, According to To a press release issued on August 29.
The partnership expands the availability of Bitcoin to more tax-exempt accounts. The collaboration also introduces a unique feature: a premium IRA option that provides clients with a specific monitoring address, allowing for direct on-chain visibility and verification of their Bitcoin holdings.
This represents an important step in making Bitcoin accessible to a wider range of investors, especially those seeking retirement options.
Bitcoin IRA Account Security
Bitcoin-powered individual retirement accounts have gained traction as a way to diversify retirement portfolios. However, security remains a major concern. Providers like Swan Bitcoin Emphasizing the importance of Secure storage, using cold storage methods and advanced encryption to protect assets.
Despite these measures, Bitcoin’s inherent volatility still poses a risk, making it imperative for investors to balance potential rewards against risks. Additionally, Bitcoin IRAs typically charge higher fees than traditional IRAs.
Corey Klipstein, founder and CEO of Swan Bitcoin, said the collaboration will provide a safer way for customers to incorporate Bitcoin into their retirement planning. The two companies emphasized the importance of security and customer service in this offering.