Alto, a self-directed IRA custodian and platform that enables individuals to invest in alternative assets using their retirement funds, announced its new partnership with crypto exchange Coinbase (NASDAQ:COIN).
All Coinbase One members that open an Alto CryptoIRA account “will enjoy a 1% match (up to $100) on their initial IRA account contribution, transfer, or rollover and 50% off of account fees for six months.”
In addition, members that open “an AltoIRA account will also receive a 1% match (up to $100) on their initial IRA account contribution, transfer, or rollover and $0 account and investment fees for 6 months.”
Eric Satz, Founder and CEO of Alto, said:
“We are excited to collaborate with Coinbase on this partnership as the only IRA provider that enables investors to fully leverage their engagement in the crypto market with investment in other alternative assets to truly diversify their retirement portfolio. As we envision the future for Alto, our goal is to continue these unique partnerships that will deliver a distinct experience to our users while expanding our platform to provide a wider range of investment options and features.”
Coinbase One claims that it “offers its members the best of Coinbase, including zero-fee trading, priority support, and exclusive benefits through collaborations with key industry partners.”
These benefits are “available from Coinbase for a monthly fee of $29.99.”
Additional details/benefits of the Alto Coinbase One promotion include:
- CryptoIRA®: 0.5% trade fees for the first 6 months
- AltoIRA: $0 account & investment fees for the first 6 months
- 1% match: 1% match up to $100 on your first contribution, transfer, or rollover to either or both Alto account types
Through the collaborative offering of CryptoIRA in partnership with Coinbase, investors can buy and sell crypto tax-free or tax-deferred.
Furthermore, the AltoIRA and CryptoIRA allow “for the efficient transfer of funds from multiple sources, such as IRAs, 401(k)s, 403(b)s, or other eligible accounts, without incurring any fees.”
This seamless transfer process “enables individuals to diversify their retirement savings by easily adding crypto and other alternative assets.”
The Alto CryptoIRA mobile app is also now “available for download in the iOS App Store. With this new app, users can effortlessly trade cryptocurrencies, enabling a convenient and seamless trading experience on the go.”
