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Best Bitcoin IRA Companies | Our Top 5 Recommended List

May 2, 2021 by admin 4 Comments

best bitcoin ira companiesIn this article, we clearly present tips for the Top 5 Best Bitcoin IRA companies along with their pros and cons. Crypto have alongside with gold proven to be the asset to have in the beginning of the crisis year called 2022… Not many asset classes can compare to Crypto when it comes to ROI potential!


Top-5 Bitcoin IRA Companies

 

1: Regal Wallet – The company that got the widest selection of cryptocurrencies to pick from, because you didn´t think Bitcoin and Ethereum will be the only winner at the end, did you? This company offer you the safest storage in the world (cold storage) and your investment is fully insured!

2: Coin IRA – This is a sister company of the great Gold & Silver Investment company Goldco, so you know you will deal with professional money managers. Also offer you the safest storage in the world in the form of cold storage! Highly recommended!

3: BITIRA – This company have been helping retirees to put Bitcoin in their retirement account for several years now. It is the sister company of the well-known and trusted Birch Gold Group.

4: Noble Bitcoin – Another sister company, to the Noble Gold Investment firm that helps American retirement aged folks putting precious metals in their portfolios. Their slogan is that they can set up a Bitcoin IRA for you in 5 minutes, no matter where in the world you are!

5: Broad Financial – This company allow you to easily rollover funds from your choice of IRA plan or retirement account no matter if you go for a SEP IRA, 401(k), Roth IRA, etc. Bitcoin and some other cryptocurrencies are available!


Best Cryptocurrency IRA Companies | Our Top-5 List

# Top Companies Our rating: Stats More Details:
1

Regal Wallet

Learn More Here
Fees
95
Transparency
100
Reviews
100
Support
100
Storage Safety
100
Learn more
2

Coin IRA

Learn More Here
Fees
95
Transparency
100
Reviews
100
Support
100
Alt Investing
95
Learn more
3

BitIRA

Learn More Here
Fees
90
Transparency
100
Reviews
90
Support
95
Storage Safety
100
Learn more
4

Noble Bitcoin

Learn More Here
Fees
85
Transparency
80
Reviews
95
Support
80
Storage Safety
100
Learn more
5

Broad Financial

Learn More Here
Fees
85
Transparency
90
Reviews
85
Support
75
Storage Safety
95
Learn more


Introduction

Cryptocurrencies continue to shake the world. The rate of adoption of digital currencies has given various financial institutions the confidence that they can create financial products based on cryptocurrencies as opposed to the usual functions of traditional assets. Without a doubt, one of the greatest creations of our time was the Crypto IRAs. The popularity of the crypto IRAs can only be related to the popularity of their underlying digital currencies.

Here is a detailed explanation of what a cryptocurrency IRA is. You will also get information on the best cryptocurrency IRA companies to deal with as you move towards creating a sustainable investment income that will allow you to have a good time after retirement.

What is cryptocurrency?

What is a Cryptocurrency IRA

Cryptocurrency is an alternative currency that uses cryptographic functions to facilitate all types of financial transactions. This currency is based on the internet and its existence is deeply rooted in blockchain technology. In this way, cryptocurrencies can provide users with much-needed mobility, decentralization, and transparency. Devolution is perhaps the most attractive advantage of all types of cryptocurrencies. This factor sets it apart from all other currencies as there is no central authority to process cryptocurrencies. This makes the cryptocurrency immune to government intervention.

Cryptocurrencies can be efficiently transferred between two parties using private and public keys. These transfers typically require minimal processing costs from the parties, an advantage that has attracted an impressive number of people and businesses.

So, where exactly do cryptocurrencies come from? The first major announcement of a viable and secure cryptocurrency came in late 2008 when Bitcoin’s inventor Satoshi Nakamoto announced that he had successfully created an electronic peer-to-peer system that enabled cash transfers. At the time of its creation, Satoshi created a digital currency that facilitated financial transactions in the same way as cash. In January 2009, Bitcoin was released to the public as an electronic money system that relied on peer-to-peer networks to prevent double-spending.

What are Crypto IRAs?

Cryptocurrency IRAs allow investors to invest in various types of digital cryptocurrencies with their retirement savings funds. It is generally considered an independent IRA offered by a company that transfers funds to an alternative investment account to investors. These organizations allow individuals to initiate independent IRAs based entirely on cryptocurrency or a combination of such IRAs and other traditional IRAs.

A standard IRA is used by people who own it simply to hold money market funds and traditional securities such as stocks and bonds. Cryptocurrency IRAs, on the other hand, are typically designed in a way that gives investors additional opportunities to invest their money in cryptocurrencies. Crypto IRAs are also known as Bitcoin IRA. The name comes from the most popular cryptocurrency, Bitcoin. Thus, investors with a Bitcoin IRA can also invest in other cryptocurrencies such as Litecoin, Ripple, and Ethereum.

Bitcoin IRAs, like other traditional IRAs, generally require custodial oversight. Holders working as large corporations usually control standalone Bitcoin IRAs. It is important to note that Bitcoin custodians in IRAs do not, in most cases, have fiduciary responsibility for what they manage.


4 Top Cryptocurrencies to Invest in Crypto IRAs

Bitcoin

Bitcoin is the most popular cryptocurrency in the world. Despite rumors of this cryptocurrency collapse, it has strengthened its position as a viable alternative investment option in the cryptocurrency IRA world. Choosing Bitcoin which is currently the most valuable currency for your Bitcoin IRA is a smart choice to make.

Ethereum

Named after Ethereum, the company that created it, Ethereum is a unique cryptocurrency. Its properties make it a suitable vehicle for value transfer, especially with respect to commodities such as property. With Ethereum, customers can get ready-made wallets that no other company has.

Litecoin

Litecoin is a popular cryptocurrency that is exactly the same as Bitcoin, but faster and cheaper. Litecoin is popular with people making multiple trades because of its very low transaction fees. These features also make it an excellent choice for a cryptocurrency IRA.

Ripples

Ripple is another popular cryptocurrency that has a scattered worldwide network of offices for sale. This demonstrates the decision of the creators of this cryptocurrency to ensure global use. As one of the most popular cryptocurrencies in the world, Ripple can be a lucrative alternative to cryptocurrency IRAs.

P.S. For a full list of the top-16 coins to have in a cryptocurrency IRA see this page


Why Invest in a Cryptocurrency IRA?

best bitcoin ira companies

Let’s say you decide to invest in a Bitcoin IRA in addition to or instead of existing assets we know of. Are there any remaining benefits? Yes. With a Bitcoin IRA, you can:

1. Protect yourself from banks and other financial institutions. If you are the type of person who would legally deny your bank access to your investments, you should use a Bitcoin IRA.

2. For portfolio diversification, traditional assets have been shown to be vulnerable to negative market factors. In the past, investors lost a lot of money because they invested all their money in stocks and bonds. Including cryptocurrencies in your portfolio has proven to be a decent way to diversify. Since cryptocurrencies are a promising asset, you can leverage your portfolio even if other assets are performing poorly.

3. To achieve long-term growth – Cryptocurrency prices are very volatile, but analysis shows that they will increase in value over the long term. This can be explained by comparing the value of Bitcoin today with the value of Bitcoin when it was first created and launched.

4. Generates higher odds of winning on future price movements. The truth is that some cryptocurrencies are still cheap and still available. This means you need to buy it and put it in your Bitcoin IRA before the price drops.

How do I invest in a cryptocurrency IRA?

The establishment of a Bitcoin IRA company made it easier to invest these digital assets in an IRA account. With only minimal few steps, you can get an operational self-directed Bitcoin IRA that will give you future profits.

How it works:

Find an appropriate IRA service provider that offers you the opportunity to invest in a cryptocurrency IRA.

If your IRA company doesn’t provide custodial account management services, look for a company where the service is supported.
Purchase cryptocurrencies with funds from a 401(k) or IRA and store the crypto coin in a suitable wallet (cold storage).


 

Top 5 Best Cryptocurrency IRA Companies

 

Bitcoin

In addition to providing a lot of information about cryptocurrency IRAs, we have compiled a list of the 5 best Bitcoin IRA service providers you can choose from below.


1: Regal wallet

Regal wallet is an invention of Tyler Gallagher, the well-known CEO of Regal Assets, popular as one of the best precious metal IRA custodians. Regal Asset’s ability to provide services with sincerity and clarity to its customers has earned the trust of many other customers, showing that it has become a company that people find valuable services for. Regal Wallet is simply an extension of Regal Asset’s expertise in providing services that enable customers to invest in cryptocurrency.

Regal Wallet sets itself apart from its competitors with excellent customer service with few complaints over the years. She was also able to impress customers with her attitude to safe refrigeration. Cold storage has proven to be the safest way to store cryptocurrencies, and with the professional services provided by Regal Waller, you get the best platform to invest in Bitcoin.

Since its inception in 2009, Regal Wallet has consistently maintained an operating mechanism that streamlines the delivery of services in a way that attracts customers, and its main goal is to maintain an intolerable bureaucracy in the industry and unscrupulous retailers to extort investors.

Tyler Gallagher’s leadership style has been recognized by leading publications around the world including Smart Money, The Huffington Post, Forbes, Market Watch, and Street.

As a new customer looking for services offered by Regal Watches, we are confident you won’t have any major problems. In just 4 simple steps, you can store your cryptocurrency in the most secure way. Here are the steps:

– Fill out the Bitcoin IRA form so Regal Wallet can open a free account.
– Accounts will be created within 24 hours.
-Finance the freshly created Bitcoin IRA.
– Regal Wallet downloads wallets and stores them in cold storage.

Regal Wallet charges a monthly storage fee of 0.07% after the first year. Additionally, customers are charged a $230 administration fee after the first year. This is the lowest charge a customer can pay when looking for a related service.

As such, Regal Wallet is ranked #1 among the most recommended cryptocurrency companies by the IRA.

Benefits

  • Regal Wallet offers your cryptocurrency full insurance.
  • Low administration and storage fees in the Crypto IRA industry.
  • It provides services to clients all over the world compared to its competitors that provide services to just one continent or one country.
  • Offer you a wider choice of cryptos to choose from than any other company in the industry
  • It provides the safest storage method.
  • This process is greatly simplified.

Drawbacks

  • The minimum investment amount is 10,000.

==> Learn more about Regal Wallet on this page

 

2. Coin IRA

coinira logo

Coin IRA is a service that allows investors to include cryptocurrencies into their retirement plans. Investors are matched with a portfolio manager who would guide them through investing options and assist them to build a customized portfolio.

Coin IRA products and services

Coin IRA is a company that focuses on assisting customers with the purchase, sale, and investment of digital currencies. Coin IRA uses features like software wallets and secondary keys to safeguard your money and increase account security. Coin IRA’s main offerings are crypto IRAs and crypto purchases with cash.

Crypto IRA: Crypto IRAs work the same way as standard IRAs. Once the account is opened, it is independent and you are free to trade cryptocurrencies online with your account. Your cryptocurrencies are stored in “cold storage” to prevent data breaches or the risk that hackers may gain access to your investments. Coin IRA works with a trusted guardian network that complies with IRA laws and regulations.

Buy Crypto with Cash: Coin IRA makes it easy to buy BTC, ETH, Litecoin, and XRP. Coin IRA has committed employees and expert financial advisors to help you understand the details of different types of cryptocurrencies. There is no upper limit purchasing and Coin IRA makes sure that you are protected from fraudulent activity when purchasing cryptocurrency.

What is Quickcoin offered by Coin IRA?

Quickcoin by Coin IRA is a licensing organization that facilitates the purchase, storage, sale, and trading of cryptocurrencies. Quickcoin was originally Facebook’s integrated software for trading Bitcoin through various social networks. Plenty of crypto firms have copied this service model and developed software to facilitate crypto transfers.

Pros

  • Minimal costs of the transaction
  • Supports offline wallet storage option
  • High-security functionalities
  • Many cryptos offered
  • Top-rated company by it´s clients and from independent 3rd party consumer protection agencies

Cons

  • IRA Minimum Investment
Coin IRA works directly with customers to reduce transaction fees. Select from three storage options which includes offline storage wallets. Transactions that involve suppliers are possible during additional hours

==> Learn more about CoinIRA on this page

3: BitIra

Birch Gold Group is the company behind the popularity of BitIRA. It opened its first customer group in 2017. This company was created solely to help investors find the best when opening a Bitcoin IRA account. Birch Gold Group, which has teamed up to oversee the operation of the newly formed BitIRA, has been in business for many years and its employees have over 100 years of experience in the IRA’s precious metal services sector.

The experienced team is popular for their expertise in creating digital IRAs as well as managing the same types of accounts. For this reason, it has been highly rated by the Better Business Bureau and Business Consumer Alliance.

Andy Klein is one of the most important players on BitIRA’s management team. Andy is Head of Strategic Planning at Birch Gold Group and BitIRA. He is also the Marketing Director of the Birch Gold Group and has held this position since 2011. He is also known as a key member of the Forbes Finance Council. Having such a person on the BitIRA team will help you gain the trust you need between new and potential customers.

Opening a new account on BitIRA is fast and efficient. BitIRA’s internal IRA section handles all the intricacies so you can relax and watch your investment grow. Previously, the company relied on services provided by established guardians such as Edward Jones, Fidelity and Merrill Lynch.

BitIRA is currently working with IRA’s leading professional partners to provide health care, secure assets for customers, hold digital currencies, and provide real-time exchange transactions. BitIRA is currently working with Preferred Trust Company, a trusted strategic partner responsible for providing healthcare to its customers.

If you choose to work with this company, the security of your cryptocurrency is guaranteed. They offer their customers the opportunity to store their cryptocurrencies in cold storage. It is essentially a hacker-resistant and autonomous method of storing digital currencies.
The digital currency products offered by BitIRA are nearly identical to those offered by their competitors, making them a reliable company to grow their assets as they near retirement.

Benefits

  • You can purchase and store up to 8 cryptocurrencies with BitIRA.
  • The company provides end-to-end insurance for all assets.
  • An enhanced, simple and easy application process

Drawbacks

  • There is no clearly defined pricing structure.

==> Learn more about BitIRA on this page

4: Noble Bitcoin

noble bitcoin logo

Noble Bitcoin is unimaginable without Charles Thorngren and Collin Plume. The two have worked together to solve an unsolved problem in the Bitcoin IRA industry that they deserves substantial attention. According to Thorngren and Plume, the industry’s financial advisors were dishonest about charging outrageous prices to customers without providing fair results. These two partners don’t think it’s fair to mis-sell their profits. Finding common ground, the two partners set out to create a digital IRA that puts the interests of their clients first.

Thorngren and Plume are also behind the IRA’s precious metals company, Noble Gold. Noble Bitcoin was created to handle Crpto IRA transactions from all interested clients. Noble Gold’s reputation has not been compromised, and most customers know it for their efforts to protect their property and accounts. In this way, customers can go about their daily lives without the pressures that can arise from poor account management.

If you are interested in opening an account with Noble Bitcoin, you can do so in minutes by opening the online application on the company’s official website. The company is only asking you to provide information about opening a new Bitcoin IRA. Once the data and permissions are verified, Noble Bitcoin will take over the transfer process, transferring your current 401(k) savings to the newly created Bitcoin IRA.

When money is deposited into a Bitcoin IRA account, Noble Bitcoin usually buys the best combination of cryptocurrencies. The best thing about this company buying cryptocurrency is that its employees really care about your best interests. They hold your hand throughout the process and ensure you get the best digital cryptocurrency products for your money. The company is only interested in the four largest cryptocurrencies in the world: Bitcoin, Ripple, Ethereum, and Litecoin.

Benefits

  • You can purchase the 4 most valuable digital assets through this company.
  • In partnership with Noble Gold, you may also include some precious metals in your investment portfolio.
  • Depends on the services of BitGo, a well-established crypto wallet provider.

Drawbacks

  • The company does not disclose how it charges various investment accounts.

==> Learn more about Noble Bitcoin on this page

5: Broad economy

broad financial

Broad Financial stands out from the competition with a strong belief that Bitcoin is the right way to invest. It’s this passion that Broad Financial’s staff helps clients monetize in Bitcoin and other investments. Broad Financial not only focuses on traditional investment assets but also allows its clients to invest in so-called alternative assets.

The company’s popularity may be due to its decision to create a platform that allows investors to create a variety of alternative asset classes rather than relying on traditional annuity asset classes. During major financial crises like the Great Depression of 2009, many investors lost more than 40% of their assets in traditional IRAs and 401(k) annuity portfolios. To help these investors return, Broad Financial has decided to modernize its existing IRAs into a self-managed option.

Broad Financial continued to develop the Solo 401(k) and self-directed IRAs. This app is designed to improve efficiency by providing speed, better asset selection, and flexibility in the transfer and termination of various IRA asset options. This is termed checkbook control. The main idea was to eliminate all transfer fees by allowing customers to transfer money and invest only by writing a check.

Broad Financials’ management team includes Brain Finkelstein, Mervyn Klein, and Daniel Gleich. These three partners have extensive experience in the financial markets and have been leaders in many prestigious companies. Their presence at Broad Financial is a very strategic step towards building trust among investors with very large portfolios.

The Bitcoin IRA accounts held by the company’s clients are called Ultimate Bitcoin IRAs. To open such an account, customers must rely on the expertise of good vendors with very specific knowledge of how to acquire new customers through the self-employed. Broad Financial also offers a full range of healthcare services to eliminate traditional storage intermediaries.

The company does not fully disclose how it stores the bitcoins its customer’s purchase. As one of the best Bitcoin IRA developers, this is the weakness of the company’s marketing strategy. IRA storage for cryptocurrencies is a very sensitive area as there are many cases of losses related to Bitcoin theft.

Benefits

  • Offers a wide range of self-maintaining IRAs.
  • Multiple alternative investment options designs
  • They eliminated the middleman very effectively.

Drawbacks

  • It is not open about the fees charged or management fees.
  • The official website does not mention any other cryptocurrency options other than Bitcoin.

==> Learn more about Broad Financials Crypto IRA on this page


Final words

You are a smart person and you made a wise decision to read this article, so I am absolutely sure that you will find the right company to do business with and that you feel 100% confident with.

P.S. Important!

Make sure to compare companies against each other before making any final decisions, especially when it comes to what exact fees are involved as that is where most scams and rip-offs take place. 

# Top Companies Our rating: Stats More Details:
1

Regal Wallet

Learn More Here
Fees
95
Transparency
100
Reviews
100
Support
100
Storage Safety
100
Learn more
2

Coin IRA

Learn More Here
Fees
95
Transparency
100
Reviews
100
Support
100
Alt Investing
95
Learn more
3

BitIRA

Learn More Here
Fees
90
Transparency
100
Reviews
90
Support
95
Storage Safety
100
Learn more
4

Noble Bitcoin

Learn More Here
Fees
85
Transparency
80
Reviews
95
Support
80
Storage Safety
100
Learn more
5

Broad Financial

Learn More Here
Fees
85
Transparency
90
Reviews
85
Support
75
Storage Safety
95
Learn more


Ok, there you got our top 5 recommended Crypto IRA companies and their pros and cons, they are all good alternatives and in the end, it comes down to your personal preferences and who you find most benefits doing business with. We hope that this article will help you to choose and invest wisely. Also, make sure to read our article on the top-16 coins to include in your crypto IRA.

Please do share your own experience in the comment section below, and share this page as it can help others! Also, if you got any questions about this I would be more than happy to answer them below!

I wish you success!

Michael, founder of Gold Retired

Filed Under: bottom-4, Crypto

What is a Cryptocurrency IRA? | Warning! Do NOT Miss This!

March 18, 2021 by admin 2 Comments

What is a cryptocurrency IRA? That is the main subject we are going to cover in this short article. So, in 7 minutes from now you will know exactly that and also some other important things surrounding this subject. Ok, with that being said, let´s get right into it and highligt important points!

P.S. See my top-5 list of cryptocurrency IRA companies on this page


Cryptocurrency IRAs

You cannot turn on the television or check out the latest happenings on social media without hearing about cryptocurrency news. The visibility that cryptocurrency is receiving has lots of the savviest investors wondering how they can incorporate crypto assets not only in their brokerage portfolios but also into their retirement portfolios. Cryptocurrency IRAs are the answer and they’re easier to open and fund than ever before.


What is a cryptocurrency IRA?

Cryptocurrency IRAs are self-directed IRAs that hold investments in digital currencies instead of cash, precious metals, stocks, or bonds. IRS rules do not allow IRAs to use cryptocurrencies. However, the tax code does not specify in its own investment system what people can invest in through self-directed plan. The rules only stated prohibited investments and transactions. Cryptocurrency brokers and investors interpret IRA cryptocurrencies as legally fixed assets because they are not prohibited by the IRS.

How to Invest in Cryptocurrency IRAs:

Any individual wanting to participate in a cryptocurrency IRA needs only to open a self-directed IRA. Self-directed IRAs allow the account owner to invest in a much wider variety of assets than an IRA without the self-directed designator. Self-directed IRAs can be both Traditional or Roth and the difference between the two lies, simply in where the money is taxed. Traditional IRAs are tax-advantaged on the front end and any money put in the account will reduce taxable income. Roth IRA funds go in after taxes and are considered tax-advantaged when they are withdrawn at retirement. Cryptocurrency IRAs are no different and anyone considering opening one needs to decide whether they want the tax advantages now or in the future.

Business owners are also able to participate in the cryptocurrency inside their retirement accounts as there are SIMPLE cryptocurrency IRAs and SEP cryptocurrency IRAs. Both of these vehicles allow business owners to invest in the same variety of assets as a self-directed IRA.


Where to purchase Cryptocurrency IRAs

When cryptocurrencies first entered the market, they were often purchased directly from cryptocurrency companies, but this type of trading is no longer common due to currency-related calculations. Currently, the most common way to buy cryptocurrencies is through crypto exchanges.

A crypto exchange is an online marketplace that only deals in the buying and selling of cryptocurrencies from several companies are the only investment offered. A crypto broker places a matching order between buyers and sellers of crypto coins. Because these exchanges are private and unregulated, prices can vary significantly between crypto exchanges and brokers. Some IRA crypto brokers use private p2p cryptocurrency systems and require their clients to use them, while others trade between multiple decentralized exchanges.

**Want to simplify the process? Then see this page


Best digital currencies to invest in

Bitcoin is the largest and most well-known cryptocurrency in use today. In 2008, Satoshi Nakamoto introduced the original code and concept. In 2009 he launched the software digitally, and since then people have been working on the system and helping to grow it into a global phenomenon based on decentralized server systems. Bitcoin is currently the most valuable cryptocurrency.

Litecoin is a cryptocurrency that is almost identical to Bitcoin in terms of transaction and coding, but it is faster and cheaper. Like Bitcoin, Litecoin has certain limits on the amount of Litecoin it can issue, but that number is higher than Bitcoin by 84 million. The difference between bitcoin and Litecoin code and the process makes it 4x faster than Bitcoin. It also requires lower transaction fees.

Although Ethereum is decentralized, it has more corporate origins than other cryptocurrencies. Developed in 2014 by the Ethereum Foundation in Switzerland, Ethereum is more than just a cryptocurrency. The software equally serves as a platform for transferring something of value, such as property or content. Ethereum offers a software wallet instead of depending solely on third-party programmers for security and storage. This exceptional and unique capacity of ethereum compared to other cryptocurrencies has made enthusiasts to believe that it will surpass Bitcoin and become the novel standard.

Ripple is a corporate cryptocurrency unlike other cryptocurrencies. Ripple has offices around the world and sells to banks and other financial companies as a secure digital currency at low fees. Unlike Bitcoin and Litecoin, Ripple immediately launched a 100 billion token currency market. Ripple Labs owns 60% of the tokens and has no mining system. Ripple price has recently fallen.

Those 4 are the main ones but personally I would highly recommend that add a few more into the mix such as Chainlink, Stellar Lumens, ZCash, Dash and Ethereum Classic just to name a few.


Why Cryptocurrency IRAs:

Self-directed IRAs offer a wide variety of assets, some of which are more niche, but they still have access to mutual funds, stocks, and bonds like regular IRAs. Cryptocurrency IRAs allow for owners to participate in a much wider range of asset classes, which give them a more diversified portfolio. One of the pillars of investing is diversification because having assets that respond differently to the same event is what insulates portfolios from crashing just because something in their portfolio does. Cryptocurrency IRAs allow investors to put at least a portion of their retirement savings into an asset that is not directly impacted by the stock market ebb and flow.

What separates cryptocurrency from fiat currency is that a majority of cryptocurrencies have a cap on the number of coins released into the market which prevents inflation and keeps the supply and demand balance in check. Because FIAT currency is no longer backed by a tangible asset, inflation is a bit of a runaway train especially for governments desperate to keep their economies afloat. Some inflation is good, but uncapped inflation is damaging to today’s dollars and future spending power. Cryptocurrency IRAs with their inflation protection is ensuring that there are funds in retirement accounts that are impervious to inflation.

Cryptocurrency IRAs are a great way to invest in cryptocurrency without worrying about tax implications on capital gains. Cryptocurrency is expected to continue to grow and gain popularity. As supply rises, so will demand. Even though cryptocurrency is not currently government regulated, cryptocurrency is still taxed. Cryptocurrency IRAs offer crypto investors a way of investing in cryptocurrency without having immediate tax implications on capital gains.

Some things to consider:

For the dinosaurs who still haven´t realised what Bitcoin and other cryptocurrencies are about to become, and in many ways already accomplished hopefully the below images will be an aha moment:

The token native to the Ethereum blockchain, Ether (ETH),currently trades around $230,and the market capitalization of all ether around $25 billion, making it the second most valuable blockchain behind Bitcoin.


The market capitalization of the flagship crypto asset, Bitoin, now beats that of more than 50% of all banks in the United States. It shows 1,500 US banks boast a total market capitalization of $1.9 trillion, while Bitcoin alone is valued at $1.05 trillion.


The retirement of hundreds of millions of corporate and government employees around the world depends on these pension funds ability to pay the individual a set amount of money post-retirement. Unfortunatly, many pension funds are facing a significant crisis, it does not look like they will be able to pay their future obligations.

P.S. See my #1 recommended crypto retirement solutions on this page


Are Cryptocurrency IRAs secure:best cryptocurrency IRA companies

Cryptocurrency assets whether in a crypto brokerage account or a retirement account are still digital assets. The question for many investors with only digital assets, not tangible, is are the coins in my cryptocurrency IRA safe. Because of these digital assets, there is an additional element to making sure that your money will be there for you when you need it at retirement.

Self-directed IRA participants must find a custodian for their crypto assets. Most firms where they allow opening self-directed IRAs will have a list of custodians that they work with, but the responsibility to choose the right custodian falls on the investor. While there have been hacks on several cryptocurrency exchanges, choosing a custodian for your cryptocurrency IRA with a record of safety and internal insurance is imperative. There are no government insurances for cryptocurrencies like there are through the FDIC and SIPC. If cryptocurrency coins are lost or mismanaged, there is no recoupment unless the exchange or custodian is privately insured. Custodians will also occasionally use cold storage as a method of securing cryptocurrency for the investors.


What are the benefits of cryptocurrency IRAsrecommended

Similar to other standard retirement accounts, cryptocurrency IRAs come with some benefits and these include the following:

1. Tax Benefits

Standard cryptocurrency IRAs are tax-deferred. If you’re operating a Roth cryptocurrency IRA account, any growth recorded is tax-free.

2. Security

Transactions are protected by multiple security features and verified by the blockchain network’s peer-to-peer protocol.

3. Diversification

As opposed to the standard retirement savings account, you have additional an investment instead of only stocks and mutual funds.

4. Minimizes Inflation

The adaptive scaling mode of crypto coins doesn’t give room for artificial inflation of supply.

5. Eliminate involvement of banks

Large banking institutions don’t get involved in digital investments.


How to Invest in a Bitcoin IRA or Cryptocurrency IRA

1. Select a trading platform or brokerage firm

Choose a cryptocurrency broker to facilitate the transaction.

2. Choose an overseer (account manager)

Choose an IRA account manager (unless your broker/agent asks you to use one of their designated custodians) and open a self-managed IRA account.

3. Place your order

You place an order through a broker/broker, then perform the trade and reconcile your IRA wallet deposit with the account manager.


Pros and Cons of Cryptocurrency IRAs

Benefits

People may find that including cryptocurrencies can diversify into an annuity portfolio. This can help protect these retirement accounts in the event of a serious market downturn or other problematic activity in the future.

Investors who tend to add crypto holdings to their IRAs rather than diversify are more likely to believe that cryptocurrencies will continue to grow in popularity and availability in the future. The long-term outlook makes IRAs an outstanding investment fund with significant potential for decades to come. Of course, opponents of crypto can argue that Bitcoin and other digital tokens are unproven at best due to their volatility and instability.

Those wishing to invest in a specific crypto-related retirement account can avoid high taxes on capital gains. However, as you will see below, there are other fees to consider.

Disadvantages

Extreme volatility in recent years has made it difficult for many to sell as an annuity investment. Leading cryptocurrencies are constantly experiencing significant price fluctuations. The price has been declining since peaking above $16,000 per bitcoin in December 2017. Bitcoin improved slightly in 2019, but its price as of June 2020 is still close to half its all-time high.

Worse, pessimists are likely to argue that the hype about Bitcoin and digital currencies as a revolutionary new form of currency has so far been exaggerated. Although it has been 10 years since its inception, Bitcoin has not yet replaced any fiat currency, and most people around the world know that it is still difficult to conduct day-to-day business with digital currency.

Another major downside of including bitcoins in an IRA is the fees. Bitcoin trading through an IRA is different from regular stock trading or currency swap at exchanges without custodian. The potential tax benefits of trading bitcoin through independent IRAs have their own problems. The most important of these are additional costs and risks. Since companies that offer independent IRA services are not subject to broker management rules, investors will be embarrassed if they do not assess the risk in the cryptocurrency market.

Bitcoin fees take many forms during the investment process, from initial deposit fees, transaction fees, and annual maintenance fees. For example, setting up a $50,000 self-directed IRA account for trading can cost up to $6,000 during initial setup, depending on the seller.
Finally, each cryptocurrency transaction requires its own set of fees from the service provider’s trading partners and storage. A typical provider may charge a 3.5% per transaction for each purchase, 1% for each sale, or a flat fee. In addition, early departures may lead to taxation of capital gains on individuals. Together, these fees can cancel out the tax benefits provided by an IRA.


Best cryptocurrency IRA Companieswhat is a cryptocurrency IRA

A standard independent retirement account (IRA) is a great way to secure future financial stability. However, as global events continue to increase volatility in global markets, some investors want to diversify their IRAs with alternative assets, including bitcoin and other cryptocurrencies.

Since Bitcoin is a digital asset rather than a physical asset, a cryptocurrency IRA requires professional management, increased security for sensitive data, and deeper experience in cryptocurrency trading. We have provided below best crypto IRA companies based on knowledge, security, experience, mission and more.

** You can see the top-5 list of the best cryptocurrency companies on this page


Recommendation:

You made a good decision reading this article and you are a smart person, so I am absolutely sure that you will find the right company to do business with, and that suits your personal needs the best!

My absolute best recommended crypto IRA company got both insurance of your crypto aswell as cold (offline) storage, and I would not recommend any other company over it. They also make the process simple to both perform and understand, so even a non digital generation person like me can easily get started filling my retirement portfolio with a variety of different coins.

See my top-5 list of cryptocurrency IRA companies on this page


I hope you found this short post on what a cryptocurrency IRA is to be helpful and that you now have a better understanding in the subject. Please share your own experience in the comment section below as it can help others! Also, if you got any questions about this I would be more than happy to answer them below!

I wish you success!

Michael, founder of Gold Retired

Filed Under: bottom-4, Crypto, Retirement

Avoid Bitcoin Scams – Read this and NEVER get scammed again

September 21, 2018 by admin 20 Comments

avoid Bitcoin scams | Gold RetiredThis short post will explain to you how to avoid Bitcoin scams once and for all. It is a short 3 minute read that will educate you enough in the subject so you can feel comfortable moving forward in your cryptocurrency investing journey.

The topic is very hot right now, and will (most likely) continue to be in the coming months and years. And it is also the industry that is absolutely most flooded with scams so I feel this post is an important read.

Ok, let´s get started!

First – Biggest Mistake Crypto Investors Are Making

The (without a doubt) biggest mistake crypto investors are performing right now is that they fall for the scam coins out there. It is easy to see why! Aas people get bombarded constantly with “new coins” and hear how many great things the new coin can do. Including the earning potential and so on. This creates FOMO (fear of missing out).

I know, and I absolutely understand that it can be very tempting to invest in a new, super cheap coin… especially after listening to a rant (from the con artist) on how good of a future the coin has ahead of it.

They relly in their victims with their “tech talk” that you (most likely) do not understand a fraction about. He (or she) use words like ICO, Blockchain and other crypto related words that you might have heard a few times in your crypto journey.

You nood your head and agree, mostly to not look stupid, right?

And… you want to believe that what he said is true. I mean, who do not want to find an opportunity to become very wealthy, right?

Many times they say things like: “you missed the Bitcoin train. But… with this new coin (whatever the name is) there is still time to jump on the train.

You might start to think about the Bitcoin millionaire kid you saw on the news… and then you put your disbeliefs aside…

Then… you end up giving your hard earned money (that you never see again) to the scammer and his fake coin.

You will never see your money again… I know how that feels. I have been scammed myself on different occasions in the past.

The scam artist know exactly what he is doing. This is a classic scam tactic that has been around for a very long time. The obvious reason it still exists is that it works.

They (the scammers) might sound very smart to the uneducated (in the subject) person, but in reality… they are VERY stupid.

The scammers will ALWAYS take advantage of a new exploding market like cryptocurrency is. Subsequently, you also need to know is that the sad truth is that around 95%-99% of the crypto coins out there are scams.

Avoid Bitcoin Scams – This is how

avoid Bitcoin scamsAs mentioned above, the scam artists always going to thrive in every new great market. It happened in the dot.com boom, and now it is happening in the crypto boom.

Everywhere you look online there is a new coin to mine, or a new product to invest in that promise you SKY HIGH returns. You better understand (and fast) that pretty much ALL of them are scams. Their only purpose is to make the con artist rich, and trust me they will be rich. That is also a very sad truth.

Now you see them, now you don´t

Trust me on this one, most of the coins you see today won´t exist in a couple of years. Most people cannot see this. The other week in my local grocery store, the guy who works there told me he had invested in a new great coin.            He  even wanted me to invest in them, buying from him or “under him” as he called it. I knew at that exact moment (when he said under me) that he had been scammed into a so-called Ponzi scheme (pyramid scam).

The coin he wanted me to buy from him was named OneCoin, maybe you have heard about that one?

This stuff is everywhere and just waiting for someone to fall into the trap that they in reality are. Unfortunately, most people cannot see through those traps. This is also the reason why I write this post today. I am really really tired to see people getting scammed over and over again. Good people, even friends and people I know and like (like the grocery store guy for example).

Here is a general rule of thumb you want to stick to before even considering investing in a new coin:

  • If it started (or starts) with a BIG pre-mine (Like DASH) then you (most likely) want to stay away
  • If it is exclusively mined by a central authority (Like STEEM) then be careful
  • If it doesn´t solve any problem in the real (offline) world then it is not even worth looking at
  • If it claims to solve A LOT of problems, then it is (most likely) very hyped
  • If it does not have a strong community on social media, then it will probably never be worth anything also

IMPORTANT TO MENTION:

The absolute #1 rule of them all that you should follow is: Avoid ALL of the new coins you come across until you are sure what you are dealing with. ALWAYS.

P.S.

Some bad news: Cryptocurrency is a very complicated subject and to be able to 100% know if a coin is legit or not is to read the actual software code that created it.

Some good news: Unlike the dollar, the software is available for anyone to read

What coins are best to invest in then?

What coins are best to investI will try to give you a short and simple answer to this. First of all, as mentioned above, avoid ALL of them. At least until you are educated enough to know what to look out for and understand how to spot the warning signs.

Please do NOT invest a single dollar if you aren´t sure.

However, this shouldn´t scare you from thinking that you will never find a new coin that got the potential to rise and explode in value because I strongly believe more such coins will be created. But trying to find them without knowledge is going to be like “finding a needle in a pile of hay”.


What characteristics do LEGIT profitable coins ALWAYS have?

  • ALWAYS have a limited supply
  • ALWAYS follows the main philosophy: Secure (if I send money to you, you get it first and in first hand), decentralized (no geographical boundaries), anonymous (no one needs to know), forgery-proof (no duplicate money is possible)
  • ALWAYS solves a problem in the real world that bitcoin isn´t already solving

IMPORTANT: If the coin you come across doesn´t fit in at least the criteria below then run the other direction

So, in short:

My advice is that you buy the ones that we know are legit, such as the most well-known Bitcoin, Ethereum, Litecoi, etc. At least until you are educated enough to go for new coins.

Where can you start?

It is very easy to get started to buy Bitcoins and other cryptos, you can do it in minutes with a credit card for example. What I would say is the most important thing is that you need to store it off-line?! At least if it is an amount that you cannot afford to lose. I suggest you keep your coins that you plan to use (for example for trading, or buying stuff) on different online wallets. However, if you plan to just invest and sit on your investment (hodl) then you should keep it offline as it then becomes hacker proof.

==> Here is my #1 recommended place if you plan to invest $10,000+ (worlds safest storing)

==> If you plan to invest less then you can have a look at the $1,000 + or – investing page

I hope you found this short post on how to avoid bitcoin scams to be helpful. In view of having a better understanding now on how to do just that. Also  how to find opportunities among the endless scams out there. If you have experienced being scammed on a “new coin” please share your experience in the comment section below as it can help others. Also, if you got any other questions about this I will be more than happy to answer them below!

Also, please, if you want to be part of the solution make sure to share this by using the share buttons below (Facebook, Twitter, etc)

I wish you success

Michael

Founder of: Gold Retired

Filed Under: bottom-4, Crypto Tagged With: anonymous, bitcoin, Bitcoin millionaire, bitcon scams, Blockchain, coins, con artist, Crypto, crypto boom, crypto coins, Crypto Investors, Crypto Vigilante, Cryptocurrency, DASH, decentralized, dot.com boom, forgery-proof, gold, gold investing, gold investments, gold retired, ICO, Initial coin offering, invest, investing, Investing Budget, investment, limited supply, Ponzi scheme, precious metals, pyramid scam, Regal Assets, Regal Wallet, scam artist, Secure, social media, software code, STEEM, Vaultoro

How To Invest In Bitcoin | From Your Retirement Account

August 28, 2018 by admin 8 Comments

This article will answer a question that more and more people are want to know the answer to, and that is how to invest in bitcoin from your retirement account. The question is more than hot right now and will continue to be for the coming months and years ahead.

How To Invest In Bitcoin

With economic superpowers like Japan legalizing bitcoin as one form of payment, eBay accepting it as a form of payment, one billionaire after the other investing in it, and so on.

This WILL, of course, make the HUGE Amazon (the worlds biggest online retailer) accept it is a payment form also, they won´t stand aside while one of their biggest competitor eBay has the option, right?

With people like Bill Gates saying cryptocurrencies are “the future of money” and Mark Cuban also investing into it just to name 2 big brains (the list goes on) it is hard to not take the topic seriously.

Well, at least if you aren´t a stubborn “dinosaur” thinking that the economy will be better and the government and banks will save you in the end…

Just like when the internet came and people didn´t see the value it would bring, that it was just a “trend” and something that will pass…

Well, history has a funny way of repeating itself… The ones who invested in companies like Microsoft, Facebook, Google, Twitter, etc in the early days got very rich…

is regal wallet legit

 

What do you think will happen with the value of Bitcoin when Amazon accepts it as a payment option?

We have (most likely) not seen anything yet on how high the value of it can really go…

You have to remember that there cannot be printed more bitcoins, they are limited (21 million coins). Limited supply ALWAYS makes the price rise. Always.

Below are some other “big brains” and their predictions on Bitcoins:

 

 

I mean, if someone knows it is people like this, that have an expert understanding of “tech things” and financial predictions on where things are going, right?

Continue reading below to see how you can start to invest in bitcoin right away from your retirement account.

How To Invest In Bitcoin – From A Retirement Account

 

You have 2 ways in how you can invest in bitcoin from your own retirement account. One is not really recommended, and you will understand why when it further down. The other option though is absolutely worth to consider.

As you already might know, typical IRA custodians mostly accept “the regular” assets, such as stocks, mutual funds, bonds, etc.

A bitcoin IRA is not linked to any systematic risk that affects ANY of the other “normal” IRA investments. If it all crashes, it´s best to have your “risk” spread into investments that are not “wall streetish”

Your best option for having bitcoins in a part of your retirement account is a self-directed IRA. When you do this you can then buy and hold bitcoins (or other cryptos) or you can also buy shares of bitcoin-dedicated funds (I would go with the first option instead of the second…)

If you want to rearrange some of your retirement funds by using a self-directed IRA you got 2 options:

  1. You can set up an LLC for IRS compliance. (This consists of setting up an LLC for the bitcoins you own, going through all of the rules and red tape, sell your bitcoin, contributing the money to the IRA and then buying it in the name of the LLC with its own assets.
    (This I would call a completely stupid way to go with your bitcoin investing endeavors… Not recommended at all (in my humble opinion). I mean, this is exactly the things bitcoin was created to AVOID.
  2. Check out Regal Wallet. Regal Wallet helps people all around the world roll over their retirement funds to bitcoin (but also Ethereum and the other biggest legit coins on the market). They help you secure your crypto investment in cold storage (worlds safest storage), and listen to this, also FULLY insure it for you in case of any kind of unforeseen disaster. If you are interested in rolling over some of your retirement funds into bitcoin, or why not Ethereum? Then it´s absolutely worth to check this out. Otherwise, you´ll be having a lot of issues and complications and absurd hurdles to get a big headache from. Other (smart) investors will look at you like you are stupid.

Click here to see yourself and learn more!


I hope you found this short article on how to invest in bitcoin from your retirement account helpful and now you should have enough info to get started. If you have any questions about this I will be more than happy to answer them in the comment section below.

Please, if you think this article can help others make sure to share it by using the share buttons below (Facebook, Twitter, etc)!

I wish you success!

Michael

Founder of: Gold Retired

Filed Under: bottom-4, Crypto

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