Alto Solutions, Inc., a self-directed IRA platform that makes it easier for people to make investments into alternative assets via tax-advantaged retirement funds, announced on November 11, 2021 that Alto CryptoIRA has managed to surpass 100 crypto coins and virtual tokens.
As mentioned in an update shared with CI, Alto CryptoIRA, which provides tax-advantaged crypto trading through Coinbase, already “featured one of the largest selections of coins and tokens of any crypto IRA prior to the announcement.”
The announcement comes “on the heels of recent news that Alto eliminated monthly account fees for all CryptoIRA accounts.”
As stated in a release:
“With $10 investment minimums—the lowest of any crypto IRA—as well as no monthly account or setup fees, Alto is empowering everyday investors to diversify their IRAs by making it easy to invest in crypto. Just two months ago, Alto CryptoIRA offered 80 digital assets.”
Leveraging its real-time integration with Coinbase, Alto has expanded access for IRA investors to “new coins and tokens as quickly as they become available on Coinbase.”
Eric Satz, founder and CEO of Alto, stated:
“Almost every crypto IRA product offers major cryptocurrencies such as Bitcoin and Ethereum, but not many can say they provide access to Solana, Decentraland, Axie Infinity, or Shiba Inu just to name a few. With now more than 100 coins and tokens, Alto CryptoIRA gives investors the opportunity to not just add crypto to their retirement portfolio, but to achieve even greater diversification within their crypto portfolio.”
The only IRA provider “fully integrated” with the Coinbase exchange, Alto CryptoIRA enables users to purchase, sell, and trade crypto-assets “on Coinbase 24/7 in real time using their tax-advantaged retirement funds.”
Additionally, an Alto CryptoIRA account “features no account setup fees, recurring account fees, or account minimums.”
Alto CryptoIRA recent coin and token additions include:
- Assemble Protocol (ASM)
- Civic (CVC)
- Crypto.com Coin (CRO)
- district0x (DNT)
- Kryll (KRL)
- LCX (LCX)
- Loom Network (LOOM)
- OriginTrail (TRAC)
- SUKU (SUKU)
Satz further noted:
“Ultimately, this milestone reflects our unwavering commitment to offer people what they want, and access to invest in a tax-advantaged way with their retirement accounts. All of this is aimed at breaking down barriers for the everyday investor. We take this mission very seriously and you will continue to see innovations from our team that demystify the process and afford opportunity for all.”
This announcement coincides with the launch of Alto’s national TV campaign with Marketing Architects to promote awareness of its offerings that are “designed to make tax-advantaged alternative asset investing more accessible to all.”
As previously reported, Alto is a Nashville-headquartered Fintech that introduced its self-directed IRA platform back in 2018 to “make it easy for individuals to access and invest in alternative assets using their retirement funds.”
Alto’s platform aims to “streamline the process for investors, investment funding portals, and investment sponsors alike.” Among Alto’s current investment partners include DiversyFund, Fundr, Masterworks, Republic, and Vint, “as well as financial advisors, fund sponsors, and other direct issuers.”
Alto is “not a registered broker-dealer or investment advisor. Alto does “not promote or endorse individual investment opportunities and does not provide investment advice to its clients,” the update clarified.
