Self-directed Solo 401k Daily FAQ – Can I hold my Solo 401k crypto in my personal crypto wallet?

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Self-directed Solo 401k QUESTION: Can I hold my Solo 401k bitcoin in the same wallet that I hold the cryptocurrency that I own personally?

Great question ascryptocurrency investing is one of the top reasons that people set up Solo 401k accounts with us.

No – The wallet must solely be used for solo 401k investment purposes (e.g. it cannot be used for personal investment purposes).

In other words, the Solo 401k owner can’t co-mingle a wallet for both personal investment purposes as well as Solo 401k crypto investments.

Instead, the Solo 401k crypto would need to be stored in a separate and segregated wallet specifically for your solo 401(k) investments that is stored in a safety deposit box associated with a bank account in the name of the solo 401(k).

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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