BitIRA is one of the world’s most secure crypto IRAs. Founded in 2017, it offers multiple offline cold storage options, multi-encryption encoding and insurance for your digital assets.
BitIRA works with trusted trust custodians Equity Trust Company and Preferred Trust Company. These qualified custodians manage the exchange side of your account to keep your IRA IRS-compliant.
Fees
BitIRA is a digital currency investment platform that helps US residents invest in cryptocurrencies via self-directed IRAs. It works with licensed trust custodians Equity Trust Company and Preferred Trust Company to ensure that your IRA stays IRS-compliant.
One of the most appealing features of BitIRA is its support for multiple crypto assets, including top coins such as Bitcoin and Ethereum. This allows you to diversify your portfolio and gain tax-free profits from a variety of investments, including cryptocurrencies.
It also has a number of security measures in place, such as multi-factor authentication and institutional wallet providers. It uses cold storage to store your funds offline, away from hackers’ reach.
The service also offers end-to-end insurance for your digital assets, a feature not found on most exchanges. This gives you peace of mind that your money is fully insured against theft and fraud.
Security
One of the best things about bitira is their commitment to customer service. They have a plethora of customer support channels available to their clients, including phone, email and live chat. Their customer support team is more than willing to answer your questions and go the extra mile to help you make the most of your BitIRA account. They are even able to provide a free consultation if you have a few minutes to spare. They are also a top notch custodian of your IRA monies. The company has a whopping 20 million accounts with over 900,000 individual members. They offer a slew of different cryptocurrencies, as well as the usual suspects: gold, silver and bonds.
Availability
BitIRA is a good choice for those who want to diversify their retirement savings into cryptocurrencies. The platform is very easy to use, and its customer support is great. The only downside is that it doesn’t have a wide range of assets available, and it charges fees on transactions, but overall, the service is excellent. Customers are happy to give five-star reviews on Consumer Affairs and Google, and they sing praises for BitIRA’s excellent security and smooth rollover process into a crypto IRA.
The company’s cold storage wallet format stores your money offline, which means it can’t be accessed by hackers. This ensures your digital assets are as secure as possible, and your funds are protected by $100 million in insurance coverage policies through top insurers. This makes BitIRA the world’s first fully insured cold storage solution for digital currency IRAs. It also uses multi-factor authentication, which requires an additional step to access your account.
