What is the IRA Match?
The Crypto.com IRAs Match Program rewards you in USD based on the amount you contribute, transfer, or roll over into your IRAs. This means you can automatically boost your retirement savings simply by funding your IRAs.
What are the IRA Match reward rates?
The IRA Match reward rates are as follows:
New USD Contributions | The match reward rate is based on your Level Up plan:
Basic: 1% Plus: 2% Pro: 3% Private - US$50,000: 4% Private - US$500,000: 5% Prime: 5% |
Rollovers and Transfers
| The match on all eligible rollovers or transfers from an external IRA (applies to USD, crypto, stocks, and ETFs)
Basic: 1% Plus: 2% Pro: 2% Private - US$50,000: 2% Private - US$500,000: 2% Prime: 2% |
When will I receive my IRA Match?
You will receive your match in USD, which will be deposited into your IRA Cash Wallet once your eligible contribution, transfer or rollover is completed and settled.
Which asset transfers are eligible for the IRA Match?
The following assets are eligible:
New Contributions | USD |
Rollovers and Transfers | USD, stocks, and ETFs |
Does the IRA Match count toward my annual IRA contribution limit?
No, the IRA Match does not count toward your annual IRA contribution limit. It is a reward paid by Crypto.com and is considered interest income for tax purposes.
Is there a limit for how much I can earn with IRA Match?
The following assets are eligible:
New Contributions | Up to the annual IRS contribution limit |
Rollovers and Transfers | No limit |
Is the IRA Match connected to Level Up?
Yes, the match rate you receive on your new contribution, transfer and rollover is determined by your Level Up plan.
What is a Match Reversal Fee?
A Match Reversal Fee is the reclaiming of a match reward if certain conditions are not met. This can be triggered if you withdraw funds before a set holding period or if you downgrade your Level Up plan within a specific timeframe.
What is the holding period for the IRA Match?
There are two holding periods to be aware of:
4-year holding period for withdrawals | All matched contributions, transfers, and rollovers must remain in your IRA for at least 4 years from the deposit date |
1-year holding period for Level Up plan-based matches | If you receive a higher match rate by upgrading your Level Up plan, you must keep that plan for at least 1 year from the date of the contribution. |
What happens if I withdraw or transfer funds from my IRAs?
If you withdraw or transfer funds from your IRAs within the 4-year holding period, you may be subject to a Match Reversal Fee:
The fee is only triggered if the withdrawal causes your account balance to fall below your original deposit (including the matched amount)
Market-related losses alone do not trigger a Match Reversal Fee
The amount reclaimed is proportional to your withdrawal (e.g., withdrawing 50% of your deposit will result in 50% of the match being clawed back). Note that this fee is capped at the original match amount; it does not include any investment gains or profits you may have earned on the match.
What happens if I downgrade my Level Up plan?
If you received a higher match rate based on your Level Up plan and downgrade your plan within 1 year of the contribution, you will be subject to a Match Reversal Fee:
The clawback will equal the difference between the higher match received and the match for your new plan
For example, downgrading from Pro (3% match) to Basic (1% match) would result in the 2% difference being clawed back, processed at the end of your billing cycle
How is a Match Reversal Fee collected?
If a Match Reversal Fee is triggered, the fee will be collected in USD from your IRAs in this order:
Your available USD cash balance
If not enough cash is available, funds are taken from the outgoing withdrawal amount
If there is still a shortfall, your account may go into a negative cash balance, which could prompt the automated sale of assets in this order:
USD stablecoins
Crypto assets (by market capitalization)
Stock assets (by market capitalization)
The process repeats with future transactions until your USD cash balance returns to $0. If your balance is insufficient to cover the Match Reversal Fee, withdrawals may be blocked.
What happens if I convert my Traditional IRAs to Roth IRAs?
A Roth conversion is not treated as a withdrawal and will not trigger a clawback. The matched funds and original 4-year holding period will transfer with your assets to the new Roth IRAs.
How is the IRA Match treated for tax reporting purposes?
The IRA Match is treated as interest earned within your IRAs. It is not considered taxable income at the time it is credited to your account, and it is not reported on Form 1099-INT.
Disclaimer: Crypto.com does not provide tax advice. Please consult with a qualified tax professional for questions regarding your personal financial situation.
If you have any questions, please contact our Customer Support team anytime on the Crypto.com App menu > Support > Contact Support. Our IRA Customer Support live chat team is there on Monday to Friday 8am - 6pm ET.