Swan Bitcoin and Equity Trust join forces to expand Bitcoin IRAs

Swan Bitcoin partners with Equity Trust Company to offer advanced Bitcoin Individual Retirement Accounts.

According to an August 29 press release, clients will now be able to seamlessly manage Bitcoin (BTC) within their retirement portfolios with new account types including Solo 401(k), Roth Solo 401(k), SEP IRA, and Health Savings Accounts via the Swan platform.

The partnership expands Bitcoin savings into more tax-advantaged accounts. The collaboration also offers a unique feature: a premium IRA option that provides customers with a specific tracking address, allowing for direct on-chain visibility and verification of Bitcoin holdings.

This is seen as an important step towards making Bitcoin more accessible to a wider range of investors, especially those looking for retirement options.

Bitcoin IRA security

Bitcoin IRAs have gained momentum as a way to diversify retirement portfolios, but security remains a critical concern. Providers like Swan Bitcoin emphasize the importance of safe storage, using cold storage methods and advanced encryption to protect assets.

Despite these precautions, Bitcoin’s inherent volatility still poses a risk, and it’s vital that investors weigh the potential rewards against the risks. Additionally, Bitcoin IRAs typically carry higher fees than traditional IRAs.

Swan Bitcoin Founder and CEO Cory Klippsten stated that the collaboration will provide customers with a safer way to incorporate Bitcoin into their retirement planning. Both companies emphasized the importance of security and customer service in this offering.