How to Trade Crypto in Your Alto CryptoIRA

A quick guide to buying and selling cryptocurrency in your Alto CryptoIRA.

IN THIS ARTICLE:

Buying Cryptocurrency

Selling Cryptocurrency

Cancel a Limit Order

Transfer Funds in Your Coinbase Wallet Back to Your Alto IRA

Buying Cryptocurrency

Note: Before you are able to buy or sell Cryptocurrency in your Coinbase wallet, you will need to make sure your account has funds. Click here for an article that walks you through how to fund your IRA. 

  • Log into your Alto dashboard and click the green Trade Crypto button
  • Click Trade under USD Coinbase wallet
  • Make sure you are in the Buy tab

Tip: If you are unable to view the Buy tab, try zooming out of the screen. You should see the options to buy and sell once you have zoomed out if you weren't already able. 

  • Select the Cryptocurrency you'd like to purchase by using the drop-down menu
  • Select whether you want to do a market or limit order
Market Order Limit Order
An order to buy or sell an asset at the current trading price. The trade is placed and filled immediately and cannot be canceled.  Like a market order, an order to buy or sell an asset. As opposed to buying a given asset immediately at its current market price, however, a limit order allows you to set certain price parameters for your purchasing or selling preferences such that a transaction is only initiated once those parameters are met.  Please note, pending limit orders are deducted from your available cash balance.
  •  Enter the amount of USD you're wanting to buy for a market order or the number of units you'd like to buy from a limit order
  • If you’re satisfied with your order, click Preview Order and review the information
  • Type in your name as indicated in quotation marks and click Submit Order

Selling Cryptocurrency

  • Log into your Alto dashboard and click the green Trade Crypto button
  • Click Trade under the Cryptocurrency Coinbase wallet 
  • Make sure you're in the Sell tab

Tip: If you are unable to view the Buy tab, try zooming out of the screen. You should see the options to buy and sell once you have zoomed out if you weren't already able. 

  • Select the cryptocurrency you are wanting to sell from the drop down menu 
  •  Enter the amount of USD you're wanting to sell for a market order or the number of units you'd like to sell from a limit order
  •  If you're satisfied with your order, click Preview Order and review the information
  • Click Submit Order to complete the sale

Cancel a Limit Order

  • Log into your Alto dashboard and click Trade Crypto
  • In the Transactions section, click the Pending button 
  • Locate the transaction that you want to cancel; if the order has not yet been executed, its status will say Placed, and a corresponding Cancel button will sit on the bottom right-hand side of the Transactions dashboard.
  • If you're sure that you want to cancel the transaction, click Cancel.
  • You'll get a pop-up window at the top of your screen asking you whether or not you'd like to cancel the transaction. To confirm the cancellation, click OK.

Transfer Funds in Your Coinbase Wallet Back to Your Alto IRA


Note: Before you are able to transfer funds back to your AltoIRA, you must sell all of the cryptocurrency in your Coinbase wallet so that it arrives in your USD wallet. 

  • Log into your Alto  dashboard and click Trade Crypto
  • Click Transfer to begin the transfer back to your AltoIRA
  • Select Coinbase Wallet from the Transfer From drop-down menu 
  • Select IRA Cash Balance from the Transfer To drop-down menu
  • Enter the amount you would like to transfer to your Alto IRA
  • Type your name as indicated in quotations and click Create Transfer

Do you have more questions or need additional help with trading crypto? Feel free to send us a note to help@altoira.com or use our Contact Us form to reach one of our Client Experience Advocates!