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Invest In Bitcoin | Read Before Getting Started With Cryptos

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Invest In Bitcoin

“Should I Invest in Bitcoin?” This is perhaps one of the most asked questions in the past decade. Since its inception in 2009, Bitcoin has been gradually gaining the attention of investors, both short term and long term. As of now, it is one of the most volatile assets that you will find in today’s world. Despite this, the number of Bitcoin users and investors is increasing by the day. Are there any investment approaches that they are using, that you could also implement, in a bid to profit for the short-term or long-term?

You can invest in Bitcoin today, but that is all dependent on your risk appetite. Before you begin, here are some things that you should know:

Information for the Beginners

If you want to become a  Bitcoin investor, then there are several things that you should have, including:

  • A cryptocurrency exchange account
  • All your personal identification documents (there are necessary for the Know Your Customer process)
  • Reliable internet connection
  • A payment method such as a functional bank account, credit card, or debit card.
  • Personal cryptocurrency wallet

Bitcoin ATMs are becoming quite popular all over the world, so you should also consider having a Cryptocurrency ATM card to ensure that you can access your money just like other investors do by using regular ATM cards.

As an investor, you also need to be aware of the fact that privacy and security are very important when it comes to the use of Bitcoin. As much as there are no physical Bitcoins, it is not a good idea to openly talk about the Bitcoin tokens you are in possession of. Any person who accesses a private key to a public address can easily authorize transactions within the Bitcoin blockchain. The private key, like your ATM PIN, should be kept safe, since criminals will try looking for ways to obtain it if they want to steal your Bitcoin.

Anyone can see view your Bitcoin balance, provided that they know your public address. It is also possible for people to view transactions on a Bitcoin, including you. This, however, does not mean that you can also view all the other personal details that are related to a particular account. Actually, only the user’s public key appears right next to the transactions. This makes all transactions confidential, but they are not anonymous. This is why Bitcoin transactions are perceived as being more transparent and traceable, in comparison to cash. Unless there’s any need to trace a given transaction within the blockchain, however, Bitcoin can be used anonymously.

Bitcoin investment strategies

  1. Buying and hodling

Hodling, not holding, is the term that is used to refer to the holding of bitcoin amongst those in the Bitcoin community. An investor who is hodling their bitcoin is referred to as a “hodler”.

Most of the Bitcoin investors in the world invest by simply purchasing the cryptos and hodling them. Their belief is that Bitcoin has the potential to bring them long-term prosperity. To these people, the short term volatilities do not matter as much, since they are on a journey towards achieving a higher value. For the one decade that Bitcoin has been in existence, these investors have been rewarded by the market handsomely for using this investment approach.

  1. Taking a long position on Bitcoin

There are investors who are usually looking for ways to get immediate returns by buying Bitcoin then selling it off at the end of a given price rally. There are a couple of ways in which investors can do this, including riding on the crypto’s volatility with the expectation of a high rate of return, if the market moves in their favor.

Bitcoin trading platforms are also offering leveraged trading, which is simply all about lending traders some money so that they can increase their position as they take a long position on Bitcoin.

  1. Taking a short position on Bitcoin

There are investors who also make an income by betting on the decrease in value of Bitcoin, more so during a bubble. A bubble is essentially a rapid increase in prices that is then followed by a consistent decrease).

Investors can sell their Bitcoin at a given price, then try to repurchase it when the prices are lower.  Say you purchased your Bitcoin at $500, you should sell it for $500, then wait for its value to decrease. If the buyer of the Bitcoin intends to sell, you can offer to buy it back, but at a lower price. This means that you essentially get to make a profit that is equivalent to the difference between the price you sold the Bitcoin at, and the lower price than you bought it back at.

A safe approach to include Bitcoin in your retirement investment portfolio 

The risks involved in the Investment in Bitcoin

  1. Bitcoin is very volatile

You only need to view a graph of Bitcoin prices for you to understand that this asset can be very dramatic when it comes to fluctuations. Its prices have the potential of shooting up or down by a couple of thousand dollars within a few days. Depending on the price at which you purchased your Bitcoin, you can end up making significant gains or losses.

  1. Glitches and hacks in the Bitcoin exchanges

Bitcoin exchanges can at times be very unreliable. This was frequently observed in the early days of cryptocurrency adoption. A Japanese bitcoin exchange known as Mt Gox, for instance, was rendered useless upon losing 850,000  bitcoin, along with hundreds of millions of dollars. Also, in 2016, a glitch on Coinbase led to the momentary drop in the price of Bitcoin to $0.60. These are just but two examples of what is capable of going wrong with Bitcoin investments.

Buying Bitcoin

What is it that you are actually purchasing?

For starters it is good to get this out of the way- you are not purchasing a physical coin. According to Carsten Sorensen, a reputable associate professor at the London School of Economics, purchasing Bitcoin is akin to buying a number.

Depending on the amount of money that you are willing to spend, you can end up with 1 Bitcoin, 20 Bitcoin, or a small fraction of a Bitcoin. This cryptocurrency was created in such a way that only 21 million coins will ever be in existence.

Since Bitcoin can be divided out to 8 decimal places, you can purchase small fractions of a single unit of Bitcoin. You can purchase a fraction of the unit of Bitcoin and use it for the purpose of investment.

What about the Wallets? Do you really need one?

Yes, as earlier on highlighted, you will need a Bitcoin wallet if you want to buy Bitcoin. The wallet is essentially the address that you will input or give for the crypto you’ve purchased to be sent. The wallets are used to store your Bitcoin, just like other currency wallets do, only that in this case, the Bitcoin wallets are virtual. Some common wallets are:

These wallets can be accessed on one’s smartphone or computer.

There are also hardware wallets that are used to store Bitcoin away from the Internet, in a bid to ensure that they cannot be accessed by hackers. Opening such a wallet is free, and you will only pay a small fee to transfer your Bitcoin into and out of your preferred wallet.

How do you buy Bitcoin?

The most reliable and accessible option as of now is a Bitcoin exchange. There are Bitcoin vending machines, but these may be novelties at this stage.

All you should do is create your account on a Bitcoin exchange, then enter your payment method. Most reputable exchanges will request that you provide your:

  • Bank account details, or
  • Debit card info, or
  • Credit card details

You may also have to prove your identity by sharing a copy of your drivers’ license, ID Card, or passport. Upon the verification of your identity, you can start buying Bitcoin using your preferred payment method, as you transfer it to your Bitcoin wallet, then watch out for price fluctuations.

Investing in Bitcoin for your retirement years | Get Started Today

That will be all for this article on how to invest in Bitcoin. I hope you now have the basic knowledge on how to get started with this cryptocurrency. If you are ready to explore the available opportunities and diversify your portfolio, be sure to check out the recommended read above.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

What is Broad Financial Bitcoin IRA | Genuine or A Scam?

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What is Broad Financial Bitcoin IRA? What does it have to offer? Is it one that you can trust or not? Well, let’s find out about all of that in today’s review of this company. Here is the structure that the review will take: What is Broad Financial Bitcoin IRA?

  • What is Broad Financial IRA?
  • What is a Bitcoin IRA?
  • What can you expect from a Broad Financial Bitcoin IRA?
  • How to open a Broad Financial Bitcoin IRA
  • The fees and charges
  • Is Broad Financial Genuine or is it A Scam?
  • Pros  and Cons

Name of the company: Broad Financial IRA

Official Website URL:

Overall Rating: 4.3 out of 5 stars (4.3 / 5)

Recommended: Yes

P.S.

Are these alternatives better than Broad Financial Bitcoin IRA? (Our Top-5 Bitcoin IRA Companies)

What is Broad Financial IRA?

Broad Financial IRA exists as an investments and financial services company that has its headquarters in Montvale, New Jersey. The company came to birth back in 2004.

At the time it was being founded, Broad Financial IRA was a private real estate investment company. Over time, however, the company has increased the number of its offerings to include:

  • Self-directed gold IRAs
  • Simplified Employee Pensions IRAs(SEP-IRA)
  • Roth IRAs
  • Real Estate IRAs
  • Bitcoin IRAs

The company works hand in hand with its well-known custodian, known as Madison Trust Company. Madison Trust IRA sees to it that all of the clients’ investments are secure and that Broad Financial is doing its due diligence to serve the customers’ interests.

What is a Bitcoin IRA?

If you are new to the cryptocurrency space, you might not be quite aware of what a Bitcoin IRA is, and its general characteristics.

Cryptocurrencies are digital currencies that are not backed by the government or controlled by any individual organization. A significant number of investors who have had the chance to invest in cryptos have come out saying that these digital assets are good for the diversification of one’s portfolio.

Even since cryptos became a thing, it has been realized that they can weather the fluctuations and eventually give rise to impressive profits over a given period.

This is why cryptocurrency IRAs are gaining traction pretty fast, with many investors purchasing cryptos to include them in their portfolio of assets.

When setting up your Bitcoin IRA with Broad Financial IRA, you will be required to pay an account set up fee, as well as an annual fee so that you can purchase and sell your cryptos at will (all terms and conditions apply).

What can you expect from a Broad Financial Bitcoin IRA?

You can rely on Broad Financial’s services to access and purchase cryptos on various exchange platforms so that you can hold them in a tax-advantaged account.

A tax-advantaged account is one that is either tax-deferred or tax-free.

While Broad Financial specializes in crypto IRAs, they also let investors use the funds in their self-directed IRAs to purchase any crypto. The firm does this by creating and filing an LLC on behalf of its clients. This makes it possible for you to invest with the much-desired ease.

How to open a Broad Financial Bitcoin IRA

If you are interested in opening a self-directed Bitcoin IRA with Broad Financial, you should contact its staff members. They will explain to you what you can expect from the individual account that you open, and also help you with the account opening process.

Here are the steps that you should follow:

  • Visit the official website and fill out the one-page application. Broad Financial will also request you to take part in their online quiz that is meant to establish the Bitcoin IRA that you are best suited for.
  • Wait for Broad Financial to send you an email. Your account representative is going to send you a couple of forms that you should fill out. He or she will also provide you with information on what you should do next.
  • Upon the approval of your application, you will be required to pay the account start-up fees. Broad Financial then proceeds to set up an LLC on your behalf. The LLC is meant to make the handling of your investments easier.
  • You shall then connect with Madison Trust Company. This is Broad Financial’s sister organization. Madison Trust will in this case be your custodian. It will play its roles by holding your funds and officiating and facilitating their transfer into your investment account.
  • Broad Financial will then send you a binder of the necessary documents to your mail. With these documents, you will be in a position to head to the bank to open a new account for your already-set LLC.
  • Madison Trust will finally transfer investment funds to the investment account, and you are good to go.

The fees and charges

Broad Financial is actually popular for having its flat-rate fee structure. This means that no matter the amount of money that you decide to invest, you will only have to pay a flat-rate fee. The start-up fee is under $1295. After that, you will be required to pay a $300 annual fee.

Note that these rates can change at any time.

Is Broad Financial Bitcoin IRA Genuine or is it A Scam?

In my opinion, Broad Financial is a genuine company that is out to help investors grow their wealth by investing in a wide variety of assets. The Bitcoin IRAs that it offers are also legit. It is not hard to tell that this company is out to deliver the best services, as can be seen on consumer trust sites below:

  • Trustpilot: (4.8/5)-(the genuine review)
  • Better Business Bureau: A+ rating
  • Sitejabber – (4.8/5)

Generally, the Broad Financial Bitcoin IRAs are worth trying out, moreso for those who would not have a problem with parting with $1400 as the account setup costs. I think comparing broad financial with some of the best players in this industry would give you a clear picture as to whether you are getting the best deal or not. Have a look at what the alternatives below have to offer, then you can make your decision as to which company will help you achieve your objectives to open an efficient Bitcoin IRA.

Compare Broad Financial against the top-rated Bitcoin IRA companies on this page!

Pros  and Cons

Pros

  • Flat-rate fees – can be good for some investors
  • Reliable custodian
  • Trustworthy

Cons

  • The flat-rate fees can also be quite massive for some investors.

Disclaimer: Cryptocurrency investments carry significant risk. You should be very vigilant of anyone who comes to you with the claim that you can make a quick buck with little risk. As is the case with other types of investments, you can easily lose your money. The fact that other investors have reaped an income from crypto investments is not a guarantee that you will also earn profits.

Final Words and Verdict

Verdict: Legit

Overall Rating: 4.3 out of 5 stars (4.3 / 5)

Broad Financial Bitcoin IRA is one that investors who are looking for ways to diversify their investment portfolio can definitely consider. The $1295 account set up fee may be steep for some people, but it is still bearable within reasonable standards. That said, I would encourage you to have a look at what other top-performing companies in this industry have to offer before you can make the final decision on which one you will bank on to help you build more wealth through a safe Bitcoin IRA account.

Top-5 Recommended Alternatives to Broad Financial Bitcoin IRA

That will be all for today’s review on what Broad Financial Bitcoin IRA is about. Be sure to check out the recommended alternatives as you narrow down on your options as far as a reliable Bitcoin IRA. Hopefully, you settle on one that will help you achieve your money-making objectives, as you take advantage of the lucrative crypto markets.

I wish you well,

Eric, Investor, and Team Member, Gold Retired!

What is Vaultoro | Is it One That You Should Trust or Not?

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What is Vaultoro? Is there any unique reason behind its popularity? In this review, we shall be digging deeper into these questions with the hope that by the end of it, you will be in a position to know whether you can use Vaultoro. With that being said, let´s start to look into it!What is Vaultoro?

Name of the platform: Vaultoro

Official Website: https://vaultoro.com/  (Get 0,5 gram of free gold if you register through any link on this page)

Overall Rating: 4.7 out of 5 stars (4.7 / 5)

Recommended: Yes

Table of content

Here are some key elements of Vaultoro that we shall shed light on in a bid to get a clear understanding of it:

  • What is Vaultoro?
  • How trades are regulated on Vaultoro
  • Is Vaultoro reliable anyway?
  • The trading platform offered to traders
  • Commissions and Spreads on Vaultoro
  • The deposit and withdrawal options that are offered by Vaultoro
  • How you get 0,5 gam of FREE gold, MANY times
  • How genuine is Vaultoro?
  • Pros and cons
  • Final words

What is Vaultoro?

Vaultoro is the first trading platform to trade between bitcoin and physical gold. It can simply be defined as an online exchange platform through which traders get a chance to exchange any amount of BTC that they hold for physical gold. In other words, this is a platform that makes it possible for traders to trade the BTC held in their wallets for a specific quantity of physical gold, at very competitive prices. Vaultoro has created a business model that sees to it that even the regular investors are well-placed to profit from the exchange of Gold for other currencies, which is something that only investment bankers tasked with handling mega gold exchanges were left to do in the past.

Vaultoro was formed back in 2015, as the brainchild of Joshua and Philip Scigala. Their goal to create a platform where two of the most valuable trading instruments could be exchanged materialized quite well. Today, Vaultoro has a safe vault in Switzerland, where all the gold deposits are securely kept.

How trades are regulated on Vaultoro

Currently, Vaultoro does not offer a regulated online exchange platform. This is not to mean that there is insecurity to be expected with this. The traders on this platform usually trade against each other. Vaultoro only comes in to provide a hot wallet in which the Bitcoin used in the trades is stored. Once the traders have made their profits, they can withdraw and store them in the form of BTC in the cold wallets. Cold wallets offer the best form of security in as far as cryptos are concerned.

Is Vaultoro reliable anyway? (based on its operation model)

Click the pic to enlarge and see the video presentation of Vaultoro

Vaultoro has put in place measures that are meant to keep all trader data safe. This also holds for the gold and the Bitcoin that the clients have stored on the platform. As already introduced, Vaultoro offered cold wallets for the storage of Bitcoin, and the funds in them are usually protected using multiple signature protocols.

All of the gold that the traders purchase is usually then stored under their names, and is placed in the safe vaults in Switzerland, which is popular for its investor-friendly jurisdictions. Once the gold has been stored, an auditing firm called BDO usually does the auditing to ensure that Vaultoro maintains the gold reserves at 100% always.

This means that even if Vaultoro collapses, the gold deposits remain totally protected, and you can claim and access your gold.

The trading platform offered to traders

Vaultoro facilitates trading by offering the traders a web-based platform, that they can log in to. These traders are usually presented with only 2 trading instruments, i.e. Gold and BTC. This essentially means that a trader can go about two types of trades, Buy or Sell. The two subdivisions under each type of trade are :

  • Market orders
  • Pending/limit order

There are no special accounts or membership tiers offered by Vaultoro to its users. Actually, the users are all given access to similar accounts that all have similar features. The main concern is all about using the features available to conduct the exchanges in the safest and fastest possible manner, not about being charged recurring monthly fees.

Commissions and Spreads on Vaultoro

When you create a Vaultoro account, you should expect to be charged in the following areas:

  • Trading
  • The storage of your gold
  • The withdrawal of your gold

Vaultoro usually charges trading fees based on the volumes of the trades which have happened exactly 30 days before the calculation of the charges. The fees are:

  • 0 to 500 grams – 0.5% per trade
  • 501 to 1500 grams -0.4% per trade
  • 1501 to 5000 grams- 0.3% per trade
  • More than 5000 grams -0.2% per trade

Vaultoro usually charges its clients storage fees along with insurance fees. These go into taking care of the expenses involved with the storage of gold in the safe vaults in Switzerland. This company charges 0.04% of the value of the total volume of gold that a client has, every month. It is only gold deposit holders who incur these charges, and those who have already converted their gold to BTC incur no extra charges. On the overall, one does not actually incur any charges for storing their BTC with Vaultoro.

The deposit and withdrawal options that are offered by Vaultoro

Currently, in a move to guarantee safety and efficiency, Vaultoro only allows you to go about the banking process by using Bitcoin. This means that you will have to purchase Bitcoin so that you can later transfer it to your Vaultoro customer wallet.

It is possible for you to buy Bitcoin using fiat currency from a platform such as Coinbase. Upon acquiring your Bitcoin, you can then transfer it to your Vaultoro wallet. All you will need at this juncture are the public keys. You should take caution as you transfer any amount of BTC at all times.

Get 0,5 gram of free gold? Multiple times?!

Yes you do! If you trade for a minimum of $100 you get 0,5 grams of gold (only if you register through a link on this page. That is actually a very good offer, and you can actually invite people yourself after you have joined and both you and them get 0,5 gram of free gold when the person you have invited have traded for $100.

I went ahead and deposited a small amount of Bitcoin on my new account just to try and see how fast I would get the gold. Then I performed a trade from Bitcoin to Gold, then I waited until Vaultoro found the best time to perform the trade (for maximum gainz) and voila, I got my 0,5 gram of free gold in addition to the 2 grams I purchased with BTC (See screenshot below):

So, you might want to take advantage of this offer by signing up to Vaultoro through any of the links on this page, and then why not share it with your friends and earn some more free gold, you can do this as many times as you want, there is no limit here.

**Get yor 0,5 gram free gold + more for inviting others if you sign up through this link

Is Vaultoro a Scam or Legit & Genuine?

So, is Vaultoro a scam? No, of course not. It Is 100% legit. It is a platform that I think has done an impressive job of creating unique investment and money-making opportunities. BTC and gold are two well-known trading instruments that are great pairs because they mostly move in the opposite direction. Vaultoro helps you capture the value in such instances, and also charges reasonable fees to ensure that you get a large portion of your profits. I, therefore, think it is one that you can actually give a try. If you are getting started with trading, you can first get the technical details about how BTC/Gold trades work so that you do not end up losing your money very early in the game.

Not sure if trading is the way to go?

Everything is not for everyone, if you rather only invest and sit on your investment then you might want to open a Crypto IRA? You can see our top-5 list of companies that allow you to do that on this page

Pros and cons

It is always wise (and recommended) to compare the positives against the negatives to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:

Pros

  • Get paid to trade negative fees (!)
  • Get 0,5 gram of free gold if you trade for $100 (only if you register through this link)
  • It does not usually restrict you from purchasing any amount of gold
  • Automatically holds your trade until the time is right (great function)
  • It offers quick verification of accounts
  • They are transparent
  • Security is guaranteed (you are fully insured).
  • You do not need to use fiat currencies

Cons

  • You will need to refine your analysis skills to trade BTC/Gold

Final words and verdict:

Verdict: Legit

Overall rating : 4.7 out of 5 stars (4.7 / 5)

Vaultoro is a legit platform and not only that it is also a very good one. I think you might want to have a look at it, especially if you are an avid fan of either gold or BTC, or both like me. With the knowledge about how these two trading instruments work, then you can rely on Vaultoro to earn an income safely since this platform has top-level security measures for both gold and BTC.

==> Register at Vaultoro through this link to get 0,5 gram of FREE gold <==

P.S. You need to trade for $100 to get your free gold

We have come to the end of my review about what Vaultoro is. I hope you got to learn a number of things from it. If you still have any questions (or comments), feel free to leave it in the comments section and I will get back to you as soon as I can.

Your friend,

Eric.

What is Overbit | Is it One That You Should Trust or Not?

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In today’s review, we shall cover the question “ What is Overbit?”. In doing so, we believe that we shall highlight the benefits and drawbacks of this platform, in a bid to help you know whether it is one for you or not. Making the highlights of the review are the following elements:What is Overbit?

  • What is Overbit?
  • The services offered by Overbit
  • Deposits and Withdrawals on Overbit
  • Which fees can you expect to charged?
  • Is Overbit Genuine or not?
  • Pros and cons

Name of the platform: Overbit

Official Website URL: https://www.overbit.com/en/

Overall rating: 4.1 out of 5 stars (4.1 / 5)

Recommended: Yes

What is Overbit?

Overbit is a Bitcoin derivate trading platform. It presents its very unique yet innovative platform that traders can bank on to achieve cross-market trading. This platform’s underlying asset is Bitcoin.

On Overbit, traders are usually presented with a chance to trade in a couple of instruments besides cryptos. The other instruments include precious metals and precious metals. You can easily trade in these using the Bitcoin that you deposit in your account. With Overbit, you can make deposits or withdrawals in either Bitcoin or USDT.

The key mission of this platform is to maximize the opportunities that are unique to the cryptocurrency industry. It offers its users a brand new trading experience, not only with the altcoins but with the forex and precious metals. Traders are guaranteed a professional trading platform through which they can get into trading deals seamlessly and flawlessly.

Abberton Trading Limited is the company that runs this website. It is registered in Seychelles, and run under the able leadership of Chieh Liu and Lathan Taku who are the CEO and the COO of the company respectively.

The services offered by Overbit

Overbit’s objective is to fill the existing gap in the market by giving those who are into forex trading a shot at using their crypto deposits to generate an income that can sustain them. In addition to relying on crypto assets, traders on Overbit can enjoy the leverage of up to 100x, depending on the instrument in question.

Overbit also offers a Demo account, through which you can determine whether you are up to the task. By using the demo account, you can practice trading, get the hang of it, then you can switch to the live account.

The contracts on Overbit usually work in the same manner as CFD contacts, that usually set to follow the same price movements as the underlying assets. This gives traders a shot at going long or short. This can happen even in the large amount deals despite the amount of Bitcoin held in your account. This is something that you can do with USD and metals assets as well. All that you are required to do is to see to it that there are enough funds in your account to take care of the applicable margin.

Overbit allows you to trade against Japanese Yen, using your Bitcoin. Or you can simply pick altcoin contracts under the following coins:

  • NEO
  • ETH
  • ADA
  • XRP
  • BCH
  • LTC
  • EOS

At the time you are starting to trade, you should look for Bitcoin under the reference XBT. Overbit offers contracts referred to as perpetual contracts. These are offered for the altcoin contracts that are traded in pairs against XBT. These contracts don’t have expiry dates. A funding rate is, however, applicable for the trading positions not closed on an intraday basis.

Deposits and Withdrawals on Overbit

During the sign-up process on this platform, you are required to submit details such as :

  • First name
  • Last name
  • Email address
  • Password
  • Country

When you verify your email address, you can proceed to log in to your platform. A personal address is created for you, thus enabling you to effectively deposit the Bitcoins.

As of now, Bitcoin and USDT are the two allowed on Overbit. The system usually waits for the appearance of the first confirmation on the blockchain, so that it can debit the balance on the account you created.

You can sign up for an Overbit account, deposit funds, and go to the extent of trading with your email address, but when it comes to the withdrawal of your earnings, you will only do so if you pass the set KYC requirements. Overbit requires that you submit the following details for the account to be verified:

  • Phone number
  • Your date of birth
  • Your physical address
  • A photo ID
  • Proof of your address

My advice is that you try to pass the verification before you have huge amounts of money that you cannot withdraw. Once you have completed the verification process by presenting the documents and information above, you have the freedom to withdraw the money you’ve accumulated at will. You can withdrawal it in the form of USDT or Bitcoin. There is no minimum withdrawal amount that is set for you to follow.

Which fees can you expect to charged?

Currently, Overbit does not charge any fees on the deposits that you make. This platform does not usually charge any fees on the withdrawals that you make, apart from a network fee. As of now, this fee is set at 0.002XBT.

No fees are charged on trading positions. Overbit compensates for these fees through market spreads. You can expect the following market spreads when using this platform:

  • Cryptocurrency instruments -0.6%
  • Forex trades- 1-2 pip
  • Gold-0.1%

The market spread is not fixed, hence you should expect some changes from time to time, moreso when there are volatilities.

Is Overbit Genuine or not?

This platform is genuine, and one I honestly think one can rely on. It offers a nicely designed platform which lets you trade with very high leverage, with the Bitcoin in your account. Overbit does not offer 100% anonymity, hence you can start trading in a matter of minutes right after signing up. This is a platform that you can use to not only trade in Bitcoin, but also in forex and Gold, provided you have Bitcoin in your account. You do not incur any fees for your trading positions, because they are usually taken care of by the market spreads.

Generally speaking, this is a platform that offers its users an effective reward system. Unfortunately, it does not have an online presence and user reviews. This is mainly due to the fact that it is new. The encouraging thing is that there are no negative reviews that would otherwise make us believe that it is a scam.

Anyone can access Overbit to trade, apart from the people residing in the countries listed below:

  • Cuba
  • Iran
  • USA
  • Syria
  • North Korea

Pros and cons

Pros

  • There are no trading fees
  • No fees on the deposits
  • You can trade in other instruments

Cons

  • It has a very low online presence
  • Geo-restrictions

That is mainly all there is about what Overbit is. Are you already using Overbit? Do you have any intentions to use it? Let’s talk about that in the comments section. I’m hoping to hear what you have you have to say about this platform.

I wish you the best.

Eric.

What is IRA Bitcoin | Is it a Genuine One or is it a Scam?

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What is IRA Bitcoin? How can it help you achieve your financial objectives? Is it unique from its competitors? these are some of the questions that we shall be addressing in today’s review. In order to help you make an even more solid decision about IRA Bitcoin, we shall address the questions under the following subtopics:

  • What is IRA Bitcoin about?What is IRA Bitcoin?
  • How does it work?
  • Which custodians does IRA Bitcoin work with?
  • Does IRA Bitcoin charge any fees?
  • What is the least amount of money that you can invest through IRA Bitcoin?
  • Is IRA Bitcoin genuine?
  • Pros and cons?

Name of the company: IRA Bitcoin

Official website URL:https://irabitcoin.com/

Overall rating: 3.7 out of 5 stars (3.7 / 5)

Recommended: No.  Have a look at what Regal Wallet has to offer.

Cryptos are very valuable and highly likely to help you grow financially. Here is how you can go about investing in a crypto IRA in a safe way. 

What is IRA Bitcoin about?

IRA Bitcoin is a firm that offers investors the chance to invest their money through a Bitcoin IRA. This company’s objective is to offer the safety and convenience that investors may not get with other companies. As an investor, you can benefit from IRA Bitcoin through investing in Ethereum, Litecoin, and Ripple. These are cryptos that you can purchase with the funds in your IRA or 401k.

With a Bitcoin IRA, you are assured of a tax-advantaged investment, since IRA Bitcoin is an IRS-Compliant firm. In addition to that, this company strives to deliver the much-needed simplicity, owing to their possession of the knowledge that investors hate bureaucracy and unnecessarily long processes.

IRA Bitcoin also leverages on its strategic partnerships with several service providers, including:

  • IRA Custodians
  • Well-established cryptocurrency exchanges
  • Secure digital wallet providers.

The company also claims to have highly-trained financial advisors who help clients by explaining to them how major processes such as fund transfers, transaction executions, as well as account reporting, occur.

How does IRA Bitcoin work?

As highlighted above, IRA Bitcoin offers investors a very convenient way through which they can invest

in Bitcoin IRAs, as well as other popular cryptocurrencies. Any investor, can through the steps outlined by IRA Bitcoin easily buy cryptos and diversify their existing self-directed IRA or their 401k portfolio.

The process outlined by IRA Bitcoin is quite fast and one in which you can receive the guidance from experienced financial advisors at every step. Here is how everything happens:

Step 1

Start by downloading and filling in a Customer Agreement that is offered by IRA Bitcoin LLC.

Step 2

Lock in the price of your most preferred crypto right away, in a bid to protect your investment from the fluctuating market prices.

Step 3

Create and fund your own crypto IRA with the help of a custodian who has already been approved by IRA Bitcoin

Step 4

Buy the cryptocurrency you selected and then store it in a hardware wallet that provides you with an offline cold storage solution. This storage solution is usually backed with a 24-word mnemonic code that is hard to crack. This guarantees the safety of your coins, in case of any hardware malfunctions, or even cyberspace attacks.

N.B: Cold storage is the safest cryptocurrency storage solution available in the market.

Step 5

You are usually in complete control and possession of your cryptos. You can, therefore, liquidate the cryptos into either of the following:

  • US dollars
  • Gold
  • Silver
  • Other approved assets at the time of the conversion.

Which custodians does IRA Bitcoin work with?

Most investors tend to trust put their trust in an IRA service provider based on the reputation of the custodian they work with. Which is why it is important for you to know all about IRA Bitcoin’s custodians. This company has a relationship with two custodians, namely: Madison Trust, and Equity Institutional. As an investor, you will end up working with either of the two custodians based on the type of account that you open. Each of the two custodians has a unique value proposition. IRA Bitcoin’s financial advisors usually take it upon themselves to advise you about which custodian is best suited for you, based on your investment objectives.

Does IRA Bitcoin charge any fees?

Yes. As much as this firm does not reveal the exact amounts of the charges, it reveals to its clients that they have to pay fees, including the following:

  • Initial service fees – these fees cover all the services that IRA Bitcoin offers, including the set up of a crypto IRA that is overseen by an approved custodian, as well as the provision of advisory services such as market research and the crypto IRA set up consultation.
  • Custodial fees– these vary from one IRA custodian to the other, and with the type of account that you create.

What is the least amount of money that you can invest through IRA Bitcoin?

IRA Bitcoin has a minimum investment fee which is quite high. One has to invest a minimum of $15,000. Some companies in the Bitcoin IRA industry allow you to invest a lower amount, hence are able to accommodate a larger pool of investors.

Is IRA Bitcoin genuine?

Yes. IRA Bitcoin is 100% genuine. It is a company that has a physical address at :

  • 5023 North Parkway Calabasas Calabasas, CA 91302.

If you would like to reach out to them, you can do so through the following contacts, which are provided in their official website:

  • Email – info@irabitcoin.com
  • Telephone-(844) 472-2482

Beyond that, this company has been featured in the following internationally recognized news outlets:

  • CNN
  • The New York Times
  • Wall Street Journal
  • Bloomberg Business

This company has been in business for two years, but there are seemingly not many reviews about it on various consumer trust sites. With only an A+ rating on BBB, there is barely any other avenue in which you will find customer reviews about IRA Bitcoin. The fact that it has zero complaints is good enough, but my advice would be that you work with a company that is reputable and that has solid reviews from customers.

My advice would be that you work with Regal Wallet, which is the crypto investment arm of Regal Assets. It is a very reliable firm whose reputation and professionalism in the industry is second to none. You can have a look at what they offer before making your decision on which Bitcoin IRA company to work with.

Pros and Cons

Pros

  • A+ rating on BBB
  • Works with well-known custodians
  • Has experienced financial advisors

Cons

  • Has only been in business for 2 years ( as of May 2020)
  • The minimum investment amount of $15000 applies
  • The charges and fees are not fully revealed.

I hope you have enjoyed my review of What IRA Bitcoin is about. If you have worked with this company, you can always leave a comment and share how your experience was like. Before making your decision, you should have a look at what my number one alternative to IRA Bitcoin is offering.

I wish you the best.

Eric.

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GoldRetired.com