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How Do I Invest In a Cryptocurrency IRA? Is It Worth Doing?

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How Do I Invest In A Cryptocurrency IRA?

How do I invest in a cryptocurrency IRA? Is it a worthwhile investment? Are there any special rules, regulations, or policies that I need to know about before I get started? If you have been asking yourself such questions and have landed on this article today, then you are in the right place because I will be presenting information that will give you a clear picture of what crypto IRAs are all about. If that sounds good to you, read on to find out.

P.S:

See my top recommended cryptocurrency IRAs

What is a Cryptocurrency / Bitcoin IRA?

A Bitcoin IRA is essentially a self-directed IRA that allows you to invest in cryptocurrencies such as Bitcoin. Self-directed IRAs are special types of IRAs that allow an investor to hold assets that they would otherwise not be allowed to hold in their regular IRA. Most of the alternative assets that you can hold in a self-directed IRA present special advantages, and this makes them worth considering. Assets like gold and cryptocurrencies that you can hold in your SDIRA can help you diversify your investment portfolio for instance so that you do not lose your retirement savings due to an economic downturn.

If you search “Bitcoin IRA”, you will realize that there’s a platform that already owns this trademark, but that does not imply that the platform is the only one capable of providing the crypto IRA services. There are many other companies out there that can help you achieve this objective, though I’d highly recommend that you only work with the best company (upon having done enough research).

According to the rules laid out by the IRS, you cannot simply transfer the cryptos you own into a self-directed IRA. You will need to fund your account using U.S. dollars so that you can then purchase Bitcoin.

Your SDIRA can either be a Roth IRA, or a Traditional IRA. There are usually some IRA contribution limits that are announced by the IRS every year. In 2021, for instance, the contribution limits for an IRA are $6000 for those who are aged below 50 and $7000 for those who are aged 50 or older.

When does a Bitcoin/ cryptocurrency IRA make sense/is worth opening?

For starters, investing in Bitcoin in your IRA or through any other platform only makes sense if you’ve done your research and you’ve established that you can stomach the risks and volatility. Whereas Bitcoin prices have the potential to skyrocket, they can also come down within no time, and if you do not have the fortitude to go through massive swings then cryptocurrencies may not be the best for you. Long-term investors have, however, established that short-term volatility does not necessarily mean that one is not going to make any gains eventually- surprisingly, those who purchase cryptos and hodl them get rewarded handsomely.

Another thing to consider would be that your entire portfolio should not comprise one asset. If you already have Bitcoin in other platforms (such as a crypto wallet), it may not be necessary to hold more tokens in your IRA, since only about 10% of your wealth holdings should comprise a single asset.

If you’re getting closer to your retirement years, investing in Bitcoin may not be the best thing. In such a case, retirement investment advisors usually advise that you invest in more stable assets such as gold or silver. That said, however, you can still allocate a small portion of your funds to cryptocurrencies, owing to their potential for growth. Investors who purchased Bitcoin in 2016, when its price was about $5000, are still reaping massively, at a time when the price is well above $40,000 in 2021. As much as investing in very volatile assets as you get closer to your investment years is not highly recommended, it can at times be the difference-maker in your retirement investment portfolio.

Those who have so far followed all rules set by the IRS on IRA investments, and have purchased and held Bitcoin in their accounts for several years have benefitted significantly, so can you, but you should only do this after talking to a cryptocurrency IRA expert.

Check out these recommended crypto IRAs for help with crypto investments

How to invest in cryptocurrency in a self-directed IRA

If you have decided that you will invest in cryptos using a self-directed IRA, then you have two ways to go about it. They are:

  1. Invest directly using your IRA

You can create a trading profile using the name of your IRA. As long as the crypto exchange platform accepts deposits from your custodian, you are good to go and can invest in cryptos.

  1. Create a Checkbook IRA

The second alternative that you have is to set up your single-member LLC, which will bear the name of your IRA. Such a structure is usually referred to as a checkbook IRA. With your LLC, you can channel investments in any cryptocurrency platform that you choose. LLCs are usually an easy way to invest in cryptocurrencies. They give you the liberty to transfer money to and from your trading account. Such an investment structure lets you trade crypto 24/7. Ensure that the trading account is a newly created entity that belongs to your IRA.

Some rules for crypto investments made through an IRA

There are a couple of rules that you must uphold if you’re getting started with crypto IRA investments. they include:

  • You cannot purchase Bitcoin personally then sell it to your IRA
  • The crypto exchange platform you chose must meet the rules and regulations set by the IRS.
  • All cryptos are considered personal property by the IRS and are taxed as such.
  • Holding digital currencies in an IRA presents tax advantages that are similar to those presented by other IRA investments.
  • When investing in crypto through an IRA, then your non-bank custodian should hold your cold wallet (in which the cryptos are stored).

Investors who can uphold these rules and regulations are ready to purchase several cryptocurrency tokens can reach out to the companies recommended below:

==> See Gold Retired’s Top-Recommended Bitcoin IRAs

or

==> See Gold Retired’s Top-Recommended Gold and Silver IRAs

That will be all for today’s article, which was aimed at answering the question “How do I invest in a cryptocurrency IRA?” Hopefully, you know what you will need to get started. If you’re still not sure what investing in cryptos using an IRA entails, reach out to me and I will offer a few tips on how to go about it. You can also share your experiences in the comments section below.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

How Do I Invest In Bitcoin With My 401k? | Is It Possible?

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How Do I Invest In Bitcoin With My 401k?

Today we shall be answering the question “ How do I invest in Bitcoin with my 401k”. Even though you do not end up becoming extremely wealthy through investing in Bitcoin, you might end up building an impressive retirement investment portfolio simply by purchasing Bitcoin with your 401k. Is it really possible to achieve this? Read on to find out.

P.S.

Get started now with Bitcoin investments for your retirement years! – See our top-5 list of the best rated Bitcoin IRA companies

Investing in Bitcoin, which is one of the 1500+ cryptocurrencies that are available in the present-day world, is bound to present several benefits to you that other assets may not come close to. By investing the funds in your 401k in Bitcoin ( you can do this by simply converting your current retirement plan into a self-directed IRA), you gain more freedom to make choices related to the state of your portfolio.

Essentially, opening a self-directed IRA gives you more options when it comes to your retirement plan, in a manner that any other conventional IRA cannot. 

There are, however, some other details that you will need to consider before rolling over the funds in your 401(k) into a Bitcoin IRA.

What you need to know about your 401k options

With a typical 401k, companies usually offer their employees a limited list of choices into which they can put their money. In most cases, the best they can get is ETFs and Mutual Funds. Some of them may give their employees the option to invest in company stocks as well. Only very few employers will allow the employees to invest in any type of asset. This is all thanks to the Employee Retirement Income Security Act of 1974.

With this law, the rank-and-file worker’s retirement savings are usually protected in a variety of ways, including the requirement of plan trustees (the employers) to act as fiduciaries. This essentially means that they are required by the law to take thorough care of the employees’ funds. If they do not meet this obligation, they can be held liable for all losses on the side of the employee. 

One of the very common reasons that 401(k) account owners sue their employers is usually due to poor choice of investments ( which eventually lead to massive losses). Their argument at this juncture is usually that their employer ( or the financial advisor entrusted with deciding on investment options) is not taking the right approach to choose their securities, and is exposing them to undue risk levels that are bound to make them lose their hard-earned money.

No business owner will, of course, want to be in a situation in which they are being sued, which is why they generally tend to stay clear of any risky investment option. This is probably why your employer won’t allow you to invest in Bitcoin through your 401(k).

So far, if you have been following Bitcoin prices, you can tell that they are to a great extent based on speculation. It is, for instance, expected that Bitcoin will cross the $100,000 per token mark. Some think that the use of cryptocurrencies will eventually die down, and lead to a decline in the value of all tokens. Overall, I think we can all agree on the fact that no investment is risk-free, and that the same risks borne by cryptocurrencies are also borne by stocks ( as has been proven during global recessions when all stock prices tank).

Most asset prices are speculative, besides some very stable assets such as gold whose prices tend to gradually rise ( and to move in the opposite direction with stocks) during an economic crisis. One may need to research which assets they want to include in their retirement investment portfolio, but I would recommend diversification, as an approach to ensuring that investor sails through the tough economic times without worrying that they’ll lose all their wealth.

Diversification will always ensure that even as some assets perform poorly, the others will be doing great, and the net effect will be slow growth ( or minimal losses).

Is there a way you can invest your retirement savings in Bitcoin?

If you have done your research and established that Bitcoin is worth holding in your retirement portfolio, then there are ways in which you can use your retirement savings to get started. If you have an employer that offers you a self-directed 401(k), you have a chance at purchasing cryptocurrencies directly through it. You can confirm with the Human Resource department whether this option is available at your company, or you can request that this option be availed if it is not already available. 

You can also decide to open your self-directed IRA. Opening an SDIRA is similar to opening a regular IRA, with the only difference coming in with the type of assets that you can invest using the SDIRA. SDIRAs are not as common as the regular IRAs (Traditional and Roth IRAs)\, so you will have to do your due diligence as to which SDIRA service provider will have your best interests at heart.

Also, do not forget to confirm that cryptos are supported by the SDIRA service provider, to avoid any awkward surprises later on. 

You should know that not all self-directed IRAs offer the same investment choices, hence the need to not just open an account blindly. Even though you have established that the company can let you invest in a particular asset, you can also request to know which other assets they can allow you to also invest in, in the future, if you need to diversify your portfolio.

If you do not want to jeopardize your retirement savings, you can try to invest any extra money that you have through a cryptocurrency exchange, though I can bet you that you may end up encountering almost similar risks. Besides, investing in Bitcoin through an SDIRA will present some tax advantages that you would otherwise not get if you decided to go the crypto exchange way. 

Whatever option you decide to go with, do not forget that your retirement savings will be your financial lifeline when you get to your senior years, so you cannot afford to gamble with them. Think carefully about the type of investment you will put your retirement savings into, and always seek a third-party opinion.

If you have decided that you will invest in Bitcoin by opening an SDIRA to roll over your 401 (k) funds into, then try to ensure that you do not invest more than 10% of your wealth in cryptos (the same applies to other assets). 

==> See Gold Retired’s Top-Recommended Bitcoin IRAs

or

==> See Gold Retired’s Top-Recommended Gold and Silver IRAs

That will be all for today’s article, which sought to respond to the question on “how do I invest in Bitcoin using my 401(k)”. I hope it was beneficial and that you are now in a better position to proceed with the opening of your SDIRA. If you need any suggestions or recommendations, let me know – simply drop your question in the comments section and I’ll get back to you ASAP.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

How Do I Roll My IRA Into Cryptocurrencies? Avoid Penalties!

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How do I roll my IRA into cryptocurrencies?

How do I roll my IRA into cryptocurrencies? Can I do this without encountering any technical or legal hitches? Is there a simple and hassle-free way to do it? I will be answering these questions in today’s article, so here’s your cue to read on so that you can find all the answers you need.

P.S:

See my top-5 list of Crypto IRA service providers

For starters, I would like to acknowledge that in the last decade that Bitcoin has been existent, it has been dealt with a great deal of skepticism, more so due to the fact that its arrival challenged the essence and idea of a central authority. It also brought with it a large wave of equally useful cryptocurrencies.

Regulators from all over the world have been trying to establish appropriate guidelines to help with the adoption of cryptos in a more controlled manner.  The response towards Bitcoin in the first five years of its existence had actually been quite mixed, with a significant number of states and countries banning it right away; others embracing it, and a greater majority still remain indifferent. With time, however, Bitcoin has gained more trust and acceptance and has become more legitimate.

The fact that Bitcoin, and other cryptocurrencies, have carved out a niche for themselves means that a financial ecosystem has already been established, and it may become bigger as time goes by ( it is expected to gradually replace the centralized financial system).

Beyond being used to transact in our day-to-day lives, Bitcoin has also been established to be a suitable asset for use in investment, both in the long-term and short-term horizon. A significant number of investors have already added Bitcoin to their retirement investment portfolio, but they have had to follow the right procedure. So, yes, you can roll over the funds in your IRA into cryptocurrencies, but you have to follow the right procedure and with the help of a Bitcoin IRA.

Why are investors are rolling their IRAs into cryptocurrency IRAs?

As much as traditional investment instruments are still dominating the market, the turmoil in the global economic climate has forced many of them to consider other alternatives. In recent times, events such as Brexit and the slowdown in the growth of the  Chinese economy have made a large number of investors turn to Bitcoin and other assets such as gold.

Apparently, this is not a new phenomenon. A McKinsey report highlighted that global alternative asset holdings doubled in the period between 2005 and 2011, to $6.5 trillion. This growth represented a compound annual growth rate of 14% over that period. This was far above the growth realized with the traditional asset classes. To a significant number of investors, it was clear that alternative assets are a rescuer during times of economic crisis. Gradually, with more data from the market, more investors are beginning to turn to Bitcoin as their wait to mature and become more widely accepted.

Gradual maturity

As much as Bitcoin is still new amongst the globally available alternative assets, it is gaining popularity, and getting closer to becoming a mainstream asset. The thing that surprises most people is that despite the concerns about Bitcoin’s price volatility and the ambiguity about what is to be expected from it in the future, a good number of Bitcoin-related ventures has managed to attract massive investments, with the cryptos being endorsed by new partnerships who are out to establish new payment gateways (that are faster, cheaper and safer).

The above trends could mainly as a result of the fact that many people believe that Bitcoin is similar to the way the internet was in its very early years. As is the case with technology, Bitcoin has its dark side to it (so are all other currencies).

The better option for transactions

Those who have used Bitcoin to transact agree with the fact that it offers a quicker cheaper and more efficient medium for transactions. It is actually gaining popularity in regions where there are few banking facilities. Speculators and investors benefit from the use of Bitcoin, owing to the relatively lower transaction rates. In a Bitcoin network, for instance, you’ll find that the average processing fee per transaction is roughly 0.04 cents, whereas with a typical credit card transaction the rate is about 0.35 cents.

Simply put, Bitcoin has shown its resilience during the economically tough times and has as such come to be viewed as a diversification instrument. Even so, its price volatility has made some people to shy away from dipping their toes into this line of retirement investments. Those who do their research and establish that they can begin investing in cryptos are slowly beginning to add Bitcoin to their retirement portfolio.

Holding Bitcoin in your retirement investment portfolio means that you will stay put even when others are running around as they react to the short-term volatility. When held as a long-term asset, Bitcoin will prove (like it has so far done) to be a worthwhile investment.

How can you add Bitcoins to your retirement investment portfolio?

Most of the individual retirement accounts you’ll come across today are managed by custodians or trustees, for their owners (investors), as required by the law. These IRAs mainly have traditional assets such as stocks, bonds, mutual funds, as well as certificates of deposit (CDs) as the main investment vehicles. Common examples of such IRAs include:

  • Traditional IRAs
  • Roth IRAs
  • Simplified Employee Pension (SEP) IRA
  • Savings Incentive Match Plan for Employees (SIMPLE) IRA.

Thing is, however, there are many other opportunities that lie outside of the regular IRAs. You can, for instance, hold assets such as real estate, tax lien certificates, gold, and Bitcoin in your IRA. This is something that you can achieve if you open a self-directed IRA, through a reliable custodian or trustee.

The process of adding Bitcoin to a self-directed IRA is actually quite easy and fast. One only has to open a self-directed IRA through a simple e-sign application process, and then add funds to it through a rollover process. Finally, you will have to complete a Bitcoin allocation order. As is the case with other regular IRAs, you cannot access the funds in your Bitcoin IRA until you are 59.5 years old-withdrawing your funds before then will result in an early withdrawal penalty.

The good thing about having a self-directed IRA is that you are in charge of making the investment decisions, and can allocate your assets as you so please. Edmund Moy, a former director of the U.S. Mint and one of the Chief Strategists at BitcoinIRA believes that cryptocurrencies such as Bitcoin places the power to create money in people’s hands. Note that you do not have to invest all your money in Bitcoin. Most financial advisors ( legit ones) will advise you to invest only a portion of your money into a single asset, and that holds for assets such as Bitcoin.

See Gold Retired’s Top-Recommended Bitcoin IRAs

or

See Gold Retired’s Top-Recommended Gold and Silver IRAs

If you were here searching for an answer to the question “how do I roll my IRA into cryptocurrencies”, I hope that you got a good answer to get you started. The one thing to note is that holding Bitcoin in your self-directed IRA will mostly be a rewarding bet over the long-term horizon, so you have to ignore the short-term volatility. Invest a small portion of your IRA funds in Bitcoin and let them grow over the years as Bitcoin and other cryptocurrencies mature and become mainstream assets.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

16 coins to have in a Cryptocurrency IRA | New 20/21 List!

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In our last article, we demonstrated how investors can use crypto IRAs to diversify and transform their retirement accounts. In this article, we will show you which cryptocurrency to include in your portfolio. The IRS considers these cryptocurrencies as “property,” thus any earnings made outside of a protected account will be taxed. Yes, the boom days have returned. But how can investors decide which cryptocurrency is the best to invest in when there are so many to select from? That’s why we have provided you with this top crypto IRAs list.

I have included the “sure bets” such as Bitcoin & Ethereum but have also put some very interesting coins you might want to include in your IRA aswell. For example, one of the coins (nr 2) might be the reason why Google go out of business in a not to distant future… Pretty interesting stuff, right? I see the potential atleast, do you?

Now, let’s have a go with them top 16 coins you might want to include!

P.S. The coins are not listed in any particular order, so that is the reason why you don´t find Bitcoin and Ethereum on the first 2 spots.

16 Best Cryptocurrencies to include in your Crypto IRA:

1. OmiseGO (OMG)

OmiseGO believes that access to financial services can create financial opportunities and improve lives. It was created to enable people to securely provide and access financial services and exchange and use digital assets anytime, anywhere.

OmiseGO’s zero permission-based networks aim to provide real-time transactions between peers and streamline the provision of financial services across geography, asset classes, and applications. The OmiseGO eWallet Suite allows you to create and integrate frontends for different types of digital transactions.

His team provides tailored and technical consulting services to provide future-ready solutions for the growing digital economy. Founded in 2017 and headquartered in Bangkok, OmiseGO is a subsidiary of Omise Holdings Pte., Ltd.

2. The Basic Attention Token

Championed by Brendan Eich (the developer of JavaScript and co-founder of Mozilla), the Basic Attention Token (BAT) project is an open-source decentralized billboard exchange platform developed on top of the Ethereum ecosystem. The project aims to combat fraud and transparency through digital advertising.

This crypto project aims to accurately evaluate users’ interest in the platform. Advertisers pay BAT to web publishers for consumer attention. The BAT platform offer includes Brave, a privacy-focused open source web browser intended to block malicious trackers and software. It uses blockchain technology to secretly track website visitors and thus, offer rewards to web owners.

Note: The Brave browser is the reason why millions of internet users worldwide have abbandoned Chrome, Firefox & Google lately, not only for privacy reasons and to avoid ads, but also due to better searchresults that are not “manipulated” by Googles own economic interests. If you run Brave together with duckduckgo for example you leave Google out of the mix.

NOT a very brave forecast: This coin might just explode in value moving forward… Include it in your IRA if you can!

P.S.

My #1 recommended cryptocurrency IRA solution is the only company in the industry that offer this coin in your IRA, you can learn more about that company on this page

3. Ripple (XRP)

XRP is Ripple’s real-time total payment system (RTGS), an exchange and transfer network. Also known as Ripple Transaction Protocol (RTXP) or Ripple Protocol, this protocol is based on an open-source decentralized internet protocol, consensus, and proprietary cryptocurrency called XRP.

Ripple was launched in 2012 and aims to provide “secure, instant and virtually free financial transactions at any scale, without payments.” It supports tokens representing fiat, cryptocurrency, commodities, or other devices of value such as frequent flight environments or mobile talk time. At its core, XRP is based on a public database or shared ledger that uses a consensus process that allows payments, exchanges, and payments to be made in a decentralized process. It was in development for 8 years before it was released.

As the original cryptocurrency token of the Ripple blockchain network, Ripple provides consumers with real-time payment or transfer options and serves as a currency exchange platform for financial institutions. The national currency used on the Ripple blockchain is still counted under the same Ripple name. Unlike Bitcoin and Ethereum, Ripple offers more real-world business usability and enjoys a better corporate support. In fact, Ripple is a decentralized transactional network. Transactions on the Ripple blockchain are confirmed by consensus, not cryptocurrency.

Ripple was created as a fast and inexpensive alternative to implementing an instant total payment system. Validating transactions on the Ripple blockchain is much faster than Bitcoin or Ethereum. Ethereum transactions only take a few seconds.

The network can work without the company Ripple. Verification bodies include companies, ISPs, and the Massachusetts Institute of Technology.

Used by companies such as UniCredit, UBS, and Santander, XRP is increasingly being used as a payment infrastructure technology in banking and payment networks, and Banker America notes that “from a banking point of view, distributed ledgers like the Ripple system are only a few dollars away from cryptocurrencies like Bitcoin. There are two advantages.” Price and security included.

4. Stellar (XLM)

Stellar (XLM) is a fully decentralized consensus platform. It is designed to support all types of currencies. It has a built-in decentralized exchange that can be used to trade any type of currency or asset.

Lumens are proprietary (digital currency) assets located on the Stellar network and serve as a bridge to facilitate multi-currency transactions. When performing transactions like transferring money in Euros and receiving US Dollars is exchanged, XLM acts as a digital intermediary that enables these transactions at a low cost.

5. Litecoin

Litecoin is a peer-to-peer internet currency that allows instant payments with near-zero value to anyone in the world. It is a global payment network with fully decentralized open-source code without a central government. Arithmetic calculations maintain the security and safety of the network and at the same time give people control over their finances.

Litecoin offers faster transaction confirmation times and better storage efficiency than major math currencies. With noteworthy industry support, trading volume, and liquidity, Litecoin is a proven trading tool that complements Bitcoin.

The Litecoin Price Index (LTX) is the world’s leading benchmark for Litecoin prices, used by the largest organizations operating in the cryptocurrency market. Asset distributors, asset managers, market participants, and stock exchanges use LTX to provide real-time Litecoin spot prices in USD. LTX is one of a collection of single and multi-asset indices offered by CoinDesk.

6. Ethereum Classic

Ethereum Classic is almost identical to Ethereum, except for the fact that Ethereum Classic uses the old blockchain rather than the new Ethereum blockchain. Ethereum Classic uses a value token called “classic ether” that can be transferred between participants.

7. EOS

EOS.IO is a blockchain protocol that runs its network with a platform’s crypto coin known as EOS. The protocol simulates most real-world computing properties, including hardware (CPU and GPU for processing, local/RAM, hard disk storage), and computer resources are evenly distributed among EOS cryptocurrency holders. EO.SIO serves as a smart contract platform and decentralized operating system designed to deploy decentralized applications on an industrial scale through a decentralized autonomous business model.

The smart contract platform claims to eliminate transaction fees and is worth millions of transactions per second. EOS platform is software that represents a blockchain architecture designed to scale and downgrade decentralized applications. The software provides accounting, authentication, database, asynchronous communication, and application scheduling across multiple CPU cores and/or clusters.

8. Bitcoin SV

The Bitcoin Satoshi concept was created based on the Bitcoin Cash (BCH) hard fork on November 15, 2018. The ecosystem sector wanted to increase and accelerate the size of blocks and limit the possibilities of smart contracts. Bitcoin Satoshi Vision (SV) is a coin developed in late 2018 that mocked the Bitcoin Cash blockchain and adapted the protocol to a larger blockchain to reduce transaction fees. The name comes from the beliefs of his followers that lower fees are in line with Satoshi Nakamoto’s Bitcoin vision. Bitcoin SV development is championed by nChain, and the new crypto coin was supported by early Bitcoin Cash opponents such as Craig Wright and Calvin Eyre.

9. Bitcoin cash

Controversy over Bitcoin’s scalability resulted in the split of the digital currency on August 1, 2017. The Bitcoin Cash (BCH) is the blockchain that emerged from the split. It sets the block size limit to 8 MB, increasing the number of transactions that the general ledger can handle with BCH.

Current software can process more transactions per unit time compared to parent blockchains. Since the launch of the young cryptocurrency, its value has risen more than 200% from the original Bitcoin Cash price of $300 to $600. Investors are wondering if this could be called “the new king of digital currency”.

But initially, Bitcoin Cash started slowly. It would not have been attractive to profit-seeking computer miners without the bitcoin mining algorithms that have given new life to new tools.

10. Bitcoin

Bitcoin, launched in 2009 as the first decentralized digital coin, is the most widely used cryptocurrency today. It is widely used as a long-term store of value. Bitcoin is not printed in traditional dollar or euro equivalents. It is “broken” by users running computers to verify transactions on the peer-to-peer networks that make up the blockchain. These users are rewarded with new bitcoins that match the processing power they provide to the network.

Bitcoin’s inimitable feature means that the maximum number of Bitcoins that will be mined is 21 million. This is one of the reasons why it is so popular with investors around the globe. Often described as a cryptocurrency, virtual currency, or digital currency, Bitcoin is a completely fictitious form of currency.

It’s like online money. It can be used to buy products and services, but many stores do not yet accept bitcoin and are generally banned in some countries. However, some businesses are starting to wake up with increasing influence.

For example, last October, online payment service PayPal announced that it would allow customers to buy and sell bitcoin. By default, Bitcoin data files are stored in a “digital wallet” application on your smartphone or computer.

People can send Bitcoins (or parts of them) to a digital wallet and send bitcoins to others. All transactions are registered on a publicly available list called the blockchain. This allows people to track the history of bitcoins to avoid using coins they do not own, and allows them to copy or reverse transactions.

11. Zcash

Zcash is a decentralized open-source digital currency that guarantees transaction privacy and accountability. Zcash is a fork of the Bitcoin protocol that was created by some of the most prominent Bitcoin engineers. Zcash is a digital currency that focuses on offering credible digital currencies to consumers who demand anonymity. It equally safeguards Zcash users’ privacy, but it also safeguards transactions on the network. While respecting the secrecy of private details and transaction records, the framework does not utilize analytics to verify transactions. The blockchain is built on top of the bitcoin architecture and uses the same protocol.

ZCash is based on the Bitcoin source code (BTC), but differs from Bitcoin in two respects: fairness and efficiency. When funds are transferred to the ZCash blockchain, all network members know that the payment has been made on the public blockchain. But now no one knows who sent the message, who received the message, and how much money they sent!

This is accomplished through the use of a process known as IQ testing. The crypto model enables two people to confirm a transaction without having to give any sensitive details! The second way ZCash differs from Bitcoin is that it processes transactions significantly more quickly. ZCash can confirm transactions in 2.5 minutes versus 10 minutes for Bitcoin, making it a far more convenient worldwide payment system.
Proof of work is a consensus model used by ZCash and Bitcoin. Zcash is a cryptocurrency that aims to use cryptography to give consumers more anonymity than other digital currencies. It was transformed to a zero-cash system after the Zero coin algorithm was enhanced and transformed to a zero-cash system, it was converted to the Zcash cryptocurrency in 2016.

Zcash payments are announced on a public blockchain, but users can hide the sender, recipient, and transaction amount with additional privacy features. Like Bitcoin, Zcash has a total of 21 million units. During the first four years, 20% of the coins generated during this period will be allocated as “Founders Rewards” and distributed to investors, developers, and non-profit funds.

Transactions can be “transparent” and similar to bitcoin transactions, in which case a t-addr can process the transaction, or it can be a form of zero-intelligence test called zk-SNARK. The transaction is then referred to as “secure” and monitored by the z-address. Zcash coins can be used in transparent or secure pools. As of December 2017, only about 4% of Zcash coins were in secure pools, and most wallet programs at the time did not support z-addr, nor did network wallets.

Zcash offers a “selective disclosure” option to individual participants in a transaction, allowing users to verify payments for review purposes. One of these reasons is to give negotiators the option to comply with anti-money laundering or tax laws. “Transactions are subject to review, but disclosure is under the control of participants.” Wilcox held a virtual meeting with U.S. law enforcement agencies to explain these basics, and officially said that “the currency was not developed to facilitate illegal activity.”

12. Dash

Dash comes from Litecoin, which was derived from Bitcoin. It was created by Evan Duffield in January 2014 and was originally known as Darkcoin. However, in March, 2015, it was later renamed Dash. It utilizes a mix of miners and masternodes to manage transactions. A unique feature of Dash is that it invites all major nodes to place 1000+ DASH on cold storage, keeping the network secure. You can speed up your transaction by checking only the main nodes, not the miners. Confidentiality can also be implemented via the ‘PrivateSend’ transactional mixing device. Dash has a voting system that allows you to quickly change controls as needed.

Dash is a cryptocurrency and blockchain protocol focused on integrity and fast, cheap transactions. Of course, your bitcoin transactions have nothing to do with your identity. However, with the right technology, Bitcoin transactions can be tracked for both senders and receivers.

Since transactions are anonymous, the Dash blockchain solves this problem. The Dash network is similar in many respects to Bitcoin in that it supports digital transactions between wallets.

When you use Dash to send and receive digital payments, you rarely pay transaction fees in excess of $0.01. Bitcoin transactions also take 10 minutes to confirm, but payments via Dash are instant.

This is the perfect network for cross-border payments in terms of cost and speed. But one of Dash’s main attractions is that it is a privacy coin. This means that, if you choose the right option, transactions sent over the Dash network can be kept 100% anonymous and confidential.

14. Tezos (XTZ)

Tezos (XTZ) development was championed by former Morgan Stanley analyst Arthur Breitman. XTZ is a versatile platform for the creation of dApps and smart contracts. The purpose of the platform is to manage network transitions by combining self-modifying and network management protocols.

The native currency of Tezos platform is the XTZ and unlike miners in the Bitcoin chain, the digital coin is generated by bakers. Bakers stake some deposits and receive rewards for sign up and confirming blocks. Then the witness checks the validity of the block. Fraudulent bakers are forced by the system to give up their XTZ deposits. Tezos makes use of Delegated proof-of-stakes algorithm (DPoS) and allows the development of Turing complete smart contracts.

Tezos development was done through the OCamel’s coding language, which provides a functional and essential object-oriented style.

15. Chain link

Chainlink (LINK) is a decentralized oracle service that seeks to link smart contracts with real data. Since the blockchain does not have access to data outside the network, the oracle must act as a data gatekeeper in smart contracts. Oracles provide external data (eg temperature, weather) that triggers smart contract execution when predefined conditions are met. Chainlink network members are encouraged (through rewards systems) to allow smart contracts to access external data streams.

When users want to access data offline, they can send a contact request to the ChainLink network. These contracts match the offer contract with the appropriate oracle. Contracts include Reputation Contracts, Order Reconciliation Contracts, and Total Contracts. Aggregation contracts collect data from selected oracles to find the most accurate results.

16. Ethereum

Ethereum is that the second most precious digital currency after Bitcoin. However, although the Ethereum market is supported by many of an equivalent exchanges and infrastructure on which the Bitcoin network is made, important differences remain.

Unlike Bitcoin, ether wasn’t created as a worldwide digital currency. It’s designed to pay just for certain operations on the Ethereum network using blockchain technology. Anonymous payments are often sent globally, and transactions are stored on a decentralized ledger, blockchain.

As a result, Ethereum has been adopted by online and physical stores round the world. There are quite 100 cryptocurrencies that sell for over a dollar, but as you’ll see within the table below, Ethereum is one among the most important players offering attractive financial opportunities for weekly traders.

Final words & Recomendation:

I have listed ALL the top crypto IRA companies on this website, but the absolute best one I can recommend to you is the one that actually can offer you as much as 15 out of the 16 coins listed above. That recommendation is Regal Crypto IRA Wallet as they let you invest in a broader spectrum of coins than any other in the industry, atleast at the moment, and I would NOT want to wait much longer before getting yourself a new crypto IRA in these times we are currently in! There is a reason the dinosaurs died out, right?

Learn about my #1 recommended Cryptocurrency IRA provide on this page

Or,

See my top-5 list of the best cryptocurrency IRA providers on this page

I hope you found this post of 15 coins to have in a cryptocurrency IRA to be helpful and that you now have a better idea of how to diversefy your crypto IRA portfolio. Also please share your experience in the comment secton below, or if you got any questions I would be more than happy to answer them below aswell!

I wishh you success!

Michael, founder of Gold Retired

P.S. 

Please share this with a friend or someone who you think might benefit from the info!

How To Write a Retirement Speech | 6 Tips To Get You Started

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How To Write a Retirement Speech

If you’re looking for tips on how to write a retirement speech, then congratulations! This is such a big honor since you’ve been granted the power to give another person’s (or your) work history and story in a manner that’s both inspiring and entertaining. If you can follow the tips that we shall discuss in this article today, and take confidence in your oratory skills, then you’ll deliver a memorable retirement speech. Let’s get into it right away:

P.S. Investing for the retirement years?

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and / or:

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  1. Collect enough information

If you’ve been tasked with giving a retirement speech about, say a long-time employee, then the best thing you can do for them is to gather sufficient information about them. This may call for you to do some research about them, as far as the following elements are concerned:

  • How long this retiree has been working in the company?
  • His or her journey towards the position they held in the company before retiring
  • The contributions that this person made while they were working, both in the company and the industry
  • Some of the main awards they’ve received during the course of their career.

In addition to knowing the above details, be sure to know how to pronounce their name (and other nicknames too), the name of their spouse, the names of their kids, and their personal hobbies and interests. You can also ask around if the retiree would be comfortable sharing any information about their family life since not everyone is okay with this.

  1. Identify the qualities of the retiree

Every employee is unique in their own way. Whereas it’s not easy to tell this if you do not interact with every employee in the company, you can always ask those who spend their time with the person in question. In the case of the retiree, you can interview some work members, or their family members to get some information about them. It would be an honor to them if you found out which character traits define them best, and how they make positive contributions to their environment. In this step, you’ll discover whether the employee is brave, kind, hardworking, a peacemaker or mediator, etc.

  1. Write the outline of your speech

You may have hated the concept of writing outlines in your English classes, but this is that time to appreciate that it wasn’t all for nothing. For your retirement speech, the following outline will do:

  • Introduction – give the audience a short attention-grabbing story, and make sure the retiree features in it. The story should give a positive account of the retiree in a humorous way.
  • Point #1 – present the positive attributes of the retiree, such as how they were always first to arrive at work, or how they were useful in the work environment. Give specific examples and not generalizations.
  • Point #2- give an account of the retiree’s work, such as how long they’ve served that company, some of the main projects that participated in, and any other contributions they’ve made to the company. Note that you do not have to discuss every project at length, so mentioning the project may be enough.
  • Point #3- highlight the most important attribute of the employee and use an example to emphasize it. Another very short story highlighting the same attribute would suffice.
  • Thank the retiree for all their positive contributions – as the retiree heads out for retirement, they should know that they have your best wishes. Write a quote or two about retirement.

  1. Write the speech

If you’ve mastered the art of giving speeches, then this step may not be necessary for you. Anyone who feels like they’re not sure about their oratory skills should definitely write out the speech.

In the event that you decide to write out the retirement speech, refrain from using the word “I”, and focus more on the retiree. Nothing about the speech should seek to glorify you, but should in all manner possible honor the retiree.

  1. Get some feedback about the speech

It’s possible to leave out important details in a speech, and we may not know this until we get some feedback from other people who know the retiree well. If possible, you can get one or two people to listen to your speech before you present it to a larger audience.

You will not only get important feedback from the small audience, but you’ll also catch yourself saying some things that are not so cool. Doing this will help you streamline your speech. If the small audience comprises of the retiree’s close friends, they’ll point out which topics you should avoid, and the ones should not leave out. At the end of it all, you’ll have a speech that’s good enough to be presented to a large audience.

  1. Record a video of the speech before presenting it

Once you’ve polished the speech and are looking forward to rocking the best attire as you take to the podium, take some time to record the speech to see whether the pieces will all be intact. Practicing the speech by recording it is one good way to do this. It’s a good approach to find out whether what is on paper or on your iPad will sound equally appealing when presented to the audience.

Watching a video of yourself talking to the audience will help you identify some mannerisms that are otherwise hard to catch without a video recording. In the end, you’ll have come up with a suitable way to give the speech in a way that will have the audience chew at your every word instead of focusing on the unnecessary and unintentional facial expressions that you make.

Two retirement recommendations

As you have already (most likely) figured out, this site is mainly about gold & silver investing and retirement. We have listed pretty much each and every IRA (Individual retirement account) custodian and gold dealer out there, at least the ones in the United States, but also international companies as well.

Something that a lot of intelligent investors have invested in the latest years (and many billionaires lately) is cryptocurrencies, and not only Bitcoin but also other digital currencies. If you haven´t already looked into the crypto world, it might be a good time to do it right away, as there are a lot of indicators pointing to that it is far from too late.

So please don´t be afraid to refuse to try something new, at least with a small portion of your total portfolio, I would suggest 5% for the conservative and around 10% for the brave investor. Below you got the top-5 rated IRA companies in both worlds, crypto, and precious metals:

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and/or

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Conclusion

Those are some key tips that I believe will come in handy if you’re trying to figure out how to write a retirement speech. Whereas following these tips may not be the holy grail to writing the very best retirement speeches in the whole world, they’re good enough to help you put together a speech that will be remembered by the audience and retiree. I hope you found this article helpful, and that you’re now well-placed to get started with that retirement speech.

I wish you well,

Eric, Investor and Team Member at Gold Retired!