How Alto Crypto Ira Works? The 3 Fees!

Having an IRA can make you a lot of money due to not paying taxes on your gains. Plus it forces you not to touch your money. You can invest in Alto Crypto IRA and there are some pros and cons to it.

Alto Crypto allows someone to put crypto into an IRA (Individual Retirement Account) and save money on taxes!

Keep reading and I’ll share the 3 fees involved with Alto Crypto IRA, how to set it up, 3 strategies to earn money with crypto, how Alto IRA got started and why IRA’s were created.

Why Use an IRA?

To explain how someone can use an IRA to save money I want to start with a story. Peter Theil is best known for creating Paypal with Elon Musk. There is also a “very” funny story about him, Holk Hogan, and a sex tape (I think Netflix made a movie on it). You can learn about this crazy story HERE.

Another crazy story is Peter Theil with taxes. He took an IRA with $2,000 in 1999 full of Paypal stock into a 5 billion dollar goldmine while paying NO taxes! Yea, crazy right? You have to give the guy credit for figuring this out!

He has the record for an IRA with the most money (I think).

His story is extreme, but by taking advantage of an IRA (Individual Retirement Account) you can save money on taxes.

Unfortunately, there is bad news and that is you can’t take the money out until you’re 59.5 years of age. If you do cash out your IRA then you will pay a 10% fee.

There are also different types of IRAs, but the main 2 are the traditional and Roth. Roth allows you to save money on taxes when you take it out and traditional allows you to save money on taxes before you put it in.

I prefer a Roth because I think (or hope) I earn more money in the future. An IRA has to do with the United States and if you live in another country then you might have something similar.

Oh, and you can have multiple IRA’s but the most you can contribute is $6,000 a year.

How Alto IRA Process Works?

The first thing to do is go to the website HERE and set up an account. You would enter in your name, address of course your SSN due to taxes.

You would also have to confirm your email address. Next, you would pick which IRA you want from a Roth to traditional to SEP.

Next, you would transfer crypto from a website such as Coinbase to Alto IRA. You can start with as little as $10. The most you can put in a year is $6,000.

More good news is it accepts a wide range of cryptos and HERE is the list of cryptocurrencies it supports. It’s a lot, right?

The fees are also fairly reasonable with no yearly fees. The only fees would be a 1.5% trade fee, a $50 account closure fee, and $25 for an outbound wire transfer.

Not too difficult right?

Is Alto IRA insured?

All cash in Alto IRA is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. Crypto is NOT FDIC insured.

Banks earn money by taking the money you deposit and loaning it to others. If “everyone” ran to the bank to withdraw their money what would happen?

The bank would fail and this happened from 1929 to 1933 during the start of the great depression in the United States. What happened is MANY people were scared and rushed to remove their money. This caused MANY banks to fail leading Franklin D. Roosevelt the president to create something known as FDIC Insurance.

This FDIC Insurance really just gives people confidence that their money will not disappear in a bank.

Crypto is more of the “wild west” and this means you’re NOT dependent on the government, but on blockchain technology.

This is what you’re investing in. Blockchain is based on Bitcoin and every altcoin (that isn’t Bitcoin) does something a little different.

The bad news is there is NO FDIC insurance for your money. The good news is you can earn MORE money! More risk and more reward.

If you’re not sure how blockchain works, This blog post HERE I hope may help you because it explains how the blocks work and how it prevents cheating.

You also should think about inflation and in the U.S. right now it’s around 7%. This means not investing, but doing nothing you are losing 7% of your buying power if you hold your money in cash.

I know it sucks, but we have to adapt to the environment and you got to make the best decision for your situation. I just hope this post might help you in a small way.

Who owns Alto crypto?

Alto Crypto is a private company and the ownership is divided among investors. The vision for the company goes to Eric Satz.

Eric Satz started with the same question many of us ask and that is can I make a crypto investment using a Roth IRA?

Eric Satz found the answer is yes, but NOT easy at all. There were fees, paperwork, red tape, and research. He wanted the process to be easier and Alto was created.

Who Created the Idea of an IRA?

The chancellor of Germany, Otto von Bismarck may have been the inventor of the IRA in the 1800s.

In the U.S. the closing of an Indiana automotive plant in 1933 could have inspired Individual Retirement Accounts. What happened is the plant went bankrupt and all the workers lost their pensions.

The IRA allows Americans to save for retirement in a tax-advantaged way and encourages investing. This way when someone gets too old age (where it’s hard to do manual labor) they can stop working and continue to support themselves.


An IRA is a tool in your toolbox for creating wealth (it’s good to know about). If you do work at a job, some have a 401k match, and getting free money (I think) is a no-brainer. I got a match at the job I work at.

Yes, I still have a job because I don’t fully trust crypto, Google, stocks, Youtube, my job or anything.


It seems like being an entrepreneur is VERY cool nowadays, but to me an entrepreneur is just someone who takes advantage of an opportunity.

Sometimes it’s better to be the #2 person than the guy in front (Plus your drafting). Drafting is used in racing when the #2 racer is behind someone and this helps with wind resistance.

The bad news is with crypto you can earn money with staking. I’ve not found a way to earn money with staking, while it’s in an IRA. Maybe this will change in the future!

Would you earn more money from an IRA or staking? I’m not sure.

Also, there is a thing called liquidity mining where you can earn money from liquidity. I’ve not found a way where you can liquidity mine in an IRA yet. If there is a way, please let me know!

If you’re not sure what staking is you can read more about HERE. If you want to learn more about liquidity mining you can check out this post HERE.

I like the fact that Alto Crypto IRA has no monthly fee and it’s very simple to understand. I hope this post gave you some food for thought and opened your mind to what is out there. Bye for now.


Affiliate marketer for 10 years, domain investor for 2 years, a recent crypto guy, and part-time surfer. Hopefully, this blog can benefit you.

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