Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Home > Blog > How Long Does It Take To Set Up A Self-Directed Cryptocurrency Account?

How Long Does It Take To Set Up A Self-Directed Cryptocurrency Account?

Due to the volatile nature of Bitcoin and the vast majority of coins in the crypto space, one of the questions our specialists get asked the most is "How long does it take to set up a crypto account?"

There are few variables that go into this, which we discuss below in an effort to keep you ahead of the next crypto surge:

Approximate Set Up Time for a Solo 401(k) Account:

Expedited Setup Regular Setup
Setup Bank Account 1-2 days 3-5 days
Movement of your funds Varies (depends on your financial institution, e.g. 1-10 days) Varies (depends on your financial institution, e.g. 1-10 days)
Setup at Exchange (Fastest)* itBit – 1 day itBit – 1 day
Setup at Other Exchanges* Varies, depending on Exchange (can take weeks) Varies, depending on Exchange (can take weeks)
Total Time (approx.) using itBit Exchange As fast as 3 days About 5-15 days

Approximate Set Up Time for a Self-Directed IRA Account:

Expedited Setup Regular Setup
LLC Creation, Opening of Bank Account, and Funding of Bank Account About 2 weeks (depends on financial institution) About 3 weeks (depends on financial institution)
Setup at Exchange (Fastest)* itBit – 1 day itBit – 1 day
Setup at Other Exchanges* Varies, depending on Exchange (can take weeks) Varies, depending on Exchange (can take weeks)
Total Time (approx.) using itBit Exchange About 2 weeks About 3 weeks

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