Self-directed Solo 401k Daily Question – Can I take a loan against crypto in my solo 401k?

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Self-directed Solo 401k Daily Question: Can I take a loan against crypto in my Solo 401k?

Good question!

Investing solo 401k funds in Bitcoin, Ethereum and other cryptocurrencies is one of the most popular reasons that clients open Solo 401k plan with us.

Several of the crypto exchanges and platforms allow their customer to borrow against the crypto assets that are in their accounts.

You are not permitted to pledge your Solo 401k assets as collateral on a personal loan.

Therefore, no a Solo 401k owner is not permitted to take a loan against crypto that is in their solo 401k.

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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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