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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).