In our last article, we demonstrated how investors can use crypto IRAs to diversify and transform their retirement accounts. In this article, we will show you which cryptocurrency to include in your portfolio. The IRS considers these cryptocurrencies as “property,” thus any earnings made outside of a protected account will be taxed. Yes, the boom days have returned. But how can investors decide which cryptocurrency is the best to invest in when there are so many to select from? That’s why we have provided you with this top crypto IRAs list.
I have included the “sure bets” such as Bitcoin & Ethereum but have also put some very interesting coins you might want to include in your IRA aswell. For example, one of the coins (nr 2) might be the reason why Google go out of business in a not to distant future… Pretty interesting stuff, right? I see the potential atleast, do you?
Now, let’s have a go with them top 16 coins you might want to include!
P.S. The coins are not listed in any particular order, so that is the reason why you don´t find Bitcoin and Ethereum on the first 2 spots.
16 Best Cryptocurrencies to include in your Crypto IRA:
1. OmiseGO (OMG)
OmiseGO believes that access to financial services can create financial opportunities and improve lives. It was created to enable people to securely provide and access financial services and exchange and use digital assets anytime, anywhere.
OmiseGO’s zero permission-based networks aim to provide real-time transactions between peers and streamline the provision of financial services across geography, asset classes, and applications. The OmiseGO eWallet Suite allows you to create and integrate frontends for different types of digital transactions.
His team provides tailored and technical consulting services to provide future-ready solutions for the growing digital economy. Founded in 2017 and headquartered in Bangkok, OmiseGO is a subsidiary of Omise Holdings Pte., Ltd.
2. The Basic Attention Token
This crypto project aims to accurately evaluate users’ interest in the platform. Advertisers pay BAT to web publishers for consumer attention. The BAT platform offer includes Brave, a privacy-focused open source web browser intended to block malicious trackers and software. It uses blockchain technology to secretly track website visitors and thus, offer rewards to web owners.
Note: The Brave browser is the reason why millions of internet users worldwide have abbandoned Chrome, Firefox & Google lately, not only for privacy reasons and to avoid ads, but also due to better searchresults that are not “manipulated” by Googles own economic interests. If you run Brave together with duckduckgo for example you leave Google out of the mix.
NOT a very brave forecast: This coin might just explode in value moving forward… Include it in your IRA if you can!
My #1 recommended cryptocurrency IRA solution is the only company in the industry that offer this coin in your IRA, you can learn more about that company on this page
3. Ripple (XRP)
XRP is Ripple’s real-time total payment system (RTGS), an exchange and transfer network. Also known as Ripple Transaction Protocol (RTXP) or Ripple Protocol, this protocol is based on an open-source decentralized internet protocol, consensus, and proprietary cryptocurrency called XRP.
Ripple was launched in 2012 and aims to provide “secure, instant and virtually free financial transactions at any scale, without payments.” It supports tokens representing fiat, cryptocurrency, commodities, or other devices of value such as frequent flight environments or mobile talk time. At its core, XRP is based on a public database or shared ledger that uses a consensus process that allows payments, exchanges, and payments to be made in a decentralized process. It was in development for 8 years before it was released.
As the original cryptocurrency token of the Ripple blockchain network, Ripple provides consumers with real-time payment or transfer options and serves as a currency exchange platform for financial institutions. The national currency used on the Ripple blockchain is still counted under the same Ripple name. Unlike Bitcoin and Ethereum, Ripple offers more real-world business usability and enjoys a better corporate support. In fact, Ripple is a decentralized transactional network. Transactions on the Ripple blockchain are confirmed by consensus, not cryptocurrency.
Ripple was created as a fast and inexpensive alternative to implementing an instant total payment system. Validating transactions on the Ripple blockchain is much faster than Bitcoin or Ethereum. Ethereum transactions only take a few seconds.
The network can work without the company Ripple. Verification bodies include companies, ISPs, and the Massachusetts Institute of Technology.
Used by companies such as UniCredit, UBS, and Santander, XRP is increasingly being used as a payment infrastructure technology in banking and payment networks, and Banker America notes that “from a banking point of view, distributed ledgers like the Ripple system are only a few dollars away from cryptocurrencies like Bitcoin. There are two advantages.” Price and security included.
4. Stellar (XLM)
Stellar (XLM) is a fully decentralized consensus platform. It is designed to support all types of currencies. It has a built-in decentralized exchange that can be used to trade any type of currency or asset.
Lumens are proprietary (digital currency) assets located on the Stellar network and serve as a bridge to facilitate multi-currency transactions. When performing transactions like transferring money in Euros and receiving US Dollars is exchanged, XLM acts as a digital intermediary that enables these transactions at a low cost.
Litecoin is a peer-to-peer internet currency that allows instant payments with near-zero value to anyone in the world. It is a global payment network with fully decentralized open-source code without a central government. Arithmetic calculations maintain the security and safety of the network and at the same time give people control over their finances.
Litecoin offers faster transaction confirmation times and better storage efficiency than major math currencies. With noteworthy industry support, trading volume, and liquidity, Litecoin is a proven trading tool that complements Bitcoin.
The Litecoin Price Index (LTX) is the world’s leading benchmark for Litecoin prices, used by the largest organizations operating in the cryptocurrency market. Asset distributors, asset managers, market participants, and stock exchanges use LTX to provide real-time Litecoin spot prices in USD. LTX is one of a collection of single and multi-asset indices offered by CoinDesk.
6. Ethereum Classic
Ethereum Classic is almost identical to Ethereum, except for the fact that Ethereum Classic uses the old blockchain rather than the new Ethereum blockchain. Ethereum Classic uses a value token called “classic ether” that can be transferred between participants.
EOS.IO is a blockchain protocol that runs its network with a platform’s crypto coin known as EOS. The protocol simulates most real-world computing properties, including hardware (CPU and GPU for processing, local/RAM, hard disk storage), and computer resources are evenly distributed among EOS cryptocurrency holders. EO.SIO serves as a smart contract platform and decentralized operating system designed to deploy decentralized applications on an industrial scale through a decentralized autonomous business model.
The smart contract platform claims to eliminate transaction fees and is worth millions of transactions per second. EOS platform is software that represents a blockchain architecture designed to scale and downgrade decentralized applications. The software provides accounting, authentication, database, asynchronous communication, and application scheduling across multiple CPU cores and/or clusters.
8. Bitcoin SV
The Bitcoin Satoshi concept was created based on the Bitcoin Cash (BCH) hard fork on November 15, 2018. The ecosystem sector wanted to increase and accelerate the size of blocks and limit the possibilities of smart contracts. Bitcoin Satoshi Vision (SV) is a coin developed in late 2018 that mocked the Bitcoin Cash blockchain and adapted the protocol to a larger blockchain to reduce transaction fees. The name comes from the beliefs of his followers that lower fees are in line with Satoshi Nakamoto’s Bitcoin vision. Bitcoin SV development is championed by nChain, and the new crypto coin was supported by early Bitcoin Cash opponents such as Craig Wright and Calvin Eyre.
9. Bitcoin cash
Controversy over Bitcoin’s scalability resulted in the split of the digital currency on August 1, 2017. The Bitcoin Cash (BCH) is the blockchain that emerged from the split. It sets the block size limit to 8 MB, increasing the number of transactions that the general ledger can handle with BCH.
Current software can process more transactions per unit time compared to parent blockchains. Since the launch of the young cryptocurrency, its value has risen more than 200% from the original Bitcoin Cash price of $300 to $600. Investors are wondering if this could be called “the new king of digital currency”.
But initially, Bitcoin Cash started slowly. It would not have been attractive to profit-seeking computer miners without the bitcoin mining algorithms that have given new life to new tools.
Bitcoin, launched in 2009 as the first decentralized digital coin, is the most widely used cryptocurrency today. It is widely used as a long-term store of value. Bitcoin is not printed in traditional dollar or euro equivalents. It is “broken” by users running computers to verify transactions on the peer-to-peer networks that make up the blockchain. These users are rewarded with new bitcoins that match the processing power they provide to the network.
Bitcoin’s inimitable feature means that the maximum number of Bitcoins that will be mined is 21 million. This is one of the reasons why it is so popular with investors around the globe. Often described as a cryptocurrency, virtual currency, or digital currency, Bitcoin is a completely fictitious form of currency.
It’s like online money. It can be used to buy products and services, but many stores do not yet accept bitcoin and are generally banned in some countries. However, some businesses are starting to wake up with increasing influence.
For example, last October, online payment service PayPal announced that it would allow customers to buy and sell bitcoin. By default, Bitcoin data files are stored in a “digital wallet” application on your smartphone or computer.
People can send Bitcoins (or parts of them) to a digital wallet and send bitcoins to others. All transactions are registered on a publicly available list called the blockchain. This allows people to track the history of bitcoins to avoid using coins they do not own, and allows them to copy or reverse transactions.
Zcash is a decentralized open-source digital currency that guarantees transaction privacy and accountability. Zcash is a fork of the Bitcoin protocol that was created by some of the most prominent Bitcoin engineers. Zcash is a digital currency that focuses on offering credible digital currencies to consumers who demand anonymity. It equally safeguards Zcash users’ privacy, but it also safeguards transactions on the network. While respecting the secrecy of private details and transaction records, the framework does not utilize analytics to verify transactions. The blockchain is built on top of the bitcoin architecture and uses the same protocol.
ZCash is based on the Bitcoin source code (BTC), but differs from Bitcoin in two respects: fairness and efficiency. When funds are transferred to the ZCash blockchain, all network members know that the payment has been made on the public blockchain. But now no one knows who sent the message, who received the message, and how much money they sent!
This is accomplished through the use of a process known as IQ testing. The crypto model enables two people to confirm a transaction without having to give any sensitive details! The second way ZCash differs from Bitcoin is that it processes transactions significantly more quickly. ZCash can confirm transactions in 2.5 minutes versus 10 minutes for Bitcoin, making it a far more convenient worldwide payment system.
Proof of work is a consensus model used by ZCash and Bitcoin. Zcash is a cryptocurrency that aims to use cryptography to give consumers more anonymity than other digital currencies. It was transformed to a zero-cash system after the Zero coin algorithm was enhanced and transformed to a zero-cash system, it was converted to the Zcash cryptocurrency in 2016.
Zcash payments are announced on a public blockchain, but users can hide the sender, recipient, and transaction amount with additional privacy features. Like Bitcoin, Zcash has a total of 21 million units. During the first four years, 20% of the coins generated during this period will be allocated as “Founders Rewards” and distributed to investors, developers, and non-profit funds.
Transactions can be “transparent” and similar to bitcoin transactions, in which case a t-addr can process the transaction, or it can be a form of zero-intelligence test called zk-SNARK. The transaction is then referred to as “secure” and monitored by the z-address. Zcash coins can be used in transparent or secure pools. As of December 2017, only about 4% of Zcash coins were in secure pools, and most wallet programs at the time did not support z-addr, nor did network wallets.
Zcash offers a “selective disclosure” option to individual participants in a transaction, allowing users to verify payments for review purposes. One of these reasons is to give negotiators the option to comply with anti-money laundering or tax laws. “Transactions are subject to review, but disclosure is under the control of participants.” Wilcox held a virtual meeting with U.S. law enforcement agencies to explain these basics, and officially said that “the currency was not developed to facilitate illegal activity.”
Dash comes from Litecoin, which was derived from Bitcoin. It was created by Evan Duffield in January 2014 and was originally known as Darkcoin. However, in March, 2015, it was later renamed Dash. It utilizes a mix of miners and masternodes to manage transactions. A unique feature of Dash is that it invites all major nodes to place 1000+ DASH on cold storage, keeping the network secure. You can speed up your transaction by checking only the main nodes, not the miners. Confidentiality can also be implemented via the ‘PrivateSend’ transactional mixing device. Dash has a voting system that allows you to quickly change controls as needed.
Dash is a cryptocurrency and blockchain protocol focused on integrity and fast, cheap transactions. Of course, your bitcoin transactions have nothing to do with your identity. However, with the right technology, Bitcoin transactions can be tracked for both senders and receivers.
Since transactions are anonymous, the Dash blockchain solves this problem. The Dash network is similar in many respects to Bitcoin in that it supports digital transactions between wallets.
When you use Dash to send and receive digital payments, you rarely pay transaction fees in excess of $0.01. Bitcoin transactions also take 10 minutes to confirm, but payments via Dash are instant.
This is the perfect network for cross-border payments in terms of cost and speed. But one of Dash’s main attractions is that it is a privacy coin. This means that, if you choose the right option, transactions sent over the Dash network can be kept 100% anonymous and confidential.
14. Tezos (XTZ)
Tezos (XTZ) development was championed by former Morgan Stanley analyst Arthur Breitman. XTZ is a versatile platform for the creation of dApps and smart contracts. The purpose of the platform is to manage network transitions by combining self-modifying and network management protocols.
The native currency of Tezos platform is the XTZ and unlike miners in the Bitcoin chain, the digital coin is generated by bakers. Bakers stake some deposits and receive rewards for sign up and confirming blocks. Then the witness checks the validity of the block. Fraudulent bakers are forced by the system to give up their XTZ deposits. Tezos makes use of Delegated proof-of-stakes algorithm (DPoS) and allows the development of Turing complete smart contracts.
Tezos development was done through the OCamel’s coding language, which provides a functional and essential object-oriented style.
15. Chain link
Chainlink (LINK) is a decentralized oracle service that seeks to link smart contracts with real data. Since the blockchain does not have access to data outside the network, the oracle must act as a data gatekeeper in smart contracts. Oracles provide external data (eg temperature, weather) that triggers smart contract execution when predefined conditions are met. Chainlink network members are encouraged (through rewards systems) to allow smart contracts to access external data streams.
When users want to access data offline, they can send a contact request to the ChainLink network. These contracts match the offer contract with the appropriate oracle. Contracts include Reputation Contracts, Order Reconciliation Contracts, and Total Contracts. Aggregation contracts collect data from selected oracles to find the most accurate results.
Ethereum is that the second most precious digital currency after Bitcoin. However, although the Ethereum market is supported by many of an equivalent exchanges and infrastructure on which the Bitcoin network is made, important differences remain.
Unlike Bitcoin, ether wasn’t created as a worldwide digital currency. It’s designed to pay just for certain operations on the Ethereum network using blockchain technology. Anonymous payments are often sent globally, and transactions are stored on a decentralized ledger, blockchain.
As a result, Ethereum has been adopted by online and physical stores round the world. There are quite 100 cryptocurrencies that sell for over a dollar, but as you’ll see within the table below, Ethereum is one among the most important players offering attractive financial opportunities for weekly traders.
Final words & Recomendation:
I have listed ALL the top crypto IRA companies on this website, but the absolute best one I can recommend to you is the one that actually can offer you as much as 15 out of the 16 coins listed above. That recommendation is Regal Crypto IRA Wallet as they let you invest in a broader spectrum of coins than any other in the industry, atleast at the moment, and I would NOT want to wait much longer before getting yourself a new crypto IRA in these times we are currently in! There is a reason the dinosaurs died out, right?
Learn about my #1 recommended Cryptocurrency IRA provide on this page
See my top-5 list of the best cryptocurrency IRA providers on this page
I hope you found this post of 15 coins to have in a cryptocurrency IRA to be helpful and that you now have a better idea of how to diversefy your crypto IRA portfolio. Also please share your experience in the comment secton below, or if you got any questions I would be more than happy to answer them below aswell!
I wishh you success!
Michael, founder of Gold Retired
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