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BitIRA Reviews – Trusted Bitcoin IRA Company for Crypto Investors?

Have you been contemplating on the possibility of investing in cryptocurrencies? How do you feel about fueling your retirement savings with bitcoin and altcoins? As confusing as it may all sound at first, there are a handful of teams out there that act with the best interests of each customer, ensuring retirement goals are built from the ground up. One such company is BitIRA®. Whether individuals are looking to educate themselves or need guidance on the entirety of digital IRAs, BitIRA® pledges to be by everyone’s side. Curious to find out more? Here’s an at-length review on what BitIRA® can do for you.

What is BitIRA®?

BitIRA® is a company encompassing one of the nation’s leading specialists in the world of digital IRA setup and management. As hinted in its name, BitIRA® works with a vast clientele offering the benefits of digital currency assets inside a retirement savings portfolio. Interestingly, the team’s mission is four-fold. First, they prioritize investor education. Put simply, “Informed decision making is paramount for growth, profitability, and security in your investments for retirement.” Second, BitIRA® offers tailored attention. Specifically, the team is straying away from “one size fits all solutions” and is leaning more towards working with unique retirement goals.

Next, BitIRA® wants to demystify the so-called “complex nature” of digital assets. The team understands the confusion investors may have, especially considering its novice yet volatile state, however, they are convinced of the concept of a Digital IRA as well as the cryptocurrencies. With time, BitIRA® strongly believes their clients will appreciate the intricacies of digital currencies. Above anything else, the team pledges to prioritize customer satisfaction. Here’s how:

“BitIRA® aims to deliver the highest level of customer satisfaction humanly possible. We refuse to settle for anything less. Regardless of your experience level, investment goals, or familiarity with Digital IRAs, we believe that every customer should receive the same degree of integrity and service that our reputation is built on.”

How does BitIRA® work?

BitIRA® works like any other IRA account. Individuals can keep their existing retirement funds inside a digital BitIRA® with an account rollover – no penalties or distributions. If that’s not of interest, the second option is to open an entirely new digital IRA and keep existing accounts separate. When the time comes to get started, each person will have the opportunity to chat with a Digital Currency Specialist regarding paperwork, overseeing rollovers, understanding asset options, ensuring security, and assisting with contributions and distributions.

In accordance with everything, listed below are things worth reflecting upon:

Step 1: Creating a Digital IRA

Digital IRAs are a type of self-directed retirement account, meaning that individuals will have full control over their investments. The difference here is that a custodian must still legally handle account administration. BitIRA® claims to have partnered with both Equity Trust Company and Preferred Trust Company to manage all accounts and to prepare all necessary documentation. After discussing the fundamentals with the designated Digital Currency Specialist, the team at BitIRA® will complete the required paperwork and administrative tasks to open a new account.

Step 2: Initiating Funds & Asset Rollovers

Once the account has been set up, individuals can fund and receive asset rollovers from existing accounts. The designated Digital Currency Specialist will work (in accordance with the BitIRA® department) with Equity Trust and the previous custodian to ensure initial funding and asset transfers are seamlessly transferred over. This includes traditional, Roth, SEP, SIMPLE, TSP, 403(b) and 457 plans. Besides smooth transfer, the team pledges to limit the risk of penalties and hidden costs.

Step 3: Connecting Wallet & Exchange

BitIRA® has partnered with Genesis as the trading exchange through which digital currencies can be purchased for a new IRA account. As for security, “Your retirement assets are not only insured while in cold storage, but also throughout the transaction (that’s why we call it “end-to-end insurance”). As you might expect from the first fully insured cold storage solution, policies for $100 million coverage are in place across a reputable panel of London insurance companies.”

Step 4: Trading & Investing

The last step is probably the most straightforward one, namely, this is the point at which individuals can start purchasing digital currencies for placement within an IRA. We cannot overlook the account perks, as individuals can view their holdings 24/7 with BitIRA®’s wallet lookup tool. In the meantime, the team has since launched their latest free guide called, “The Essential Guide to Digital IRAs,” which everyone should read over to uncover the endless possibilities of retiring with cryptos.

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What features does BitIRA® carry?

The only way to understand the conceivable benefits of BitIRA® is by assessing its features. After spending a considerable amount of time, we were settled on the following:

Multi-Encryption & Multi-Factor Authentication

The purpose of encryption is to make transactions more secure. Unfortunately, encryption can be broken and to avoid this, BitIRA® uses multi-encryption encoding. Each additional layer safeguards the underlying information to make it virtually impossible to overcome. For customers looking to open an IRA with BitIRA®, this means increased security for savings.

No Device or Keys for Tracking

Stories of accidental losses within the cryptosphere have been nothing shy of frightening. To avoid such consequences, BitIRA® developed a two-fold system. First, it receives and validates incoming transactions. The moment the transaction has been finalized; the funds are then transferred over to a cold storage (completely vanishing from the internet). How is the latter beneficial? No one must worry about being tracked nor will individuals have to go through the torture of memorizing private keys.

Cold Storage

Storing cryptocurrencies in a secure drive completely disassociated from the internet limits the risk of theft. While offline, funds will be locked in grade-5 nuclear bunkers allegedly monitored and guarded by specialist staff.

End-to-End Insurance

Insurance can become complex, but to simplify things, BitIRA® defines “end-to-end insurance” as one that protects digital currencies from transit to storage. What are assets insured against? From our knowledge, these include hacking, theft, embezzlement (or internal theft), physical loss, damage, and destruction.

CCSS Compliant

The entire process of creating a Digital Currency IRA is officially compliant with Level 2 Cryptocurrency Security Standards (CCSS). This is deemed “the industrial group hat defines global standards of security techniques and methodologies for cryptocurrency systems.” What was more persuading to us is the mere fact that very few digital IRA providers can say they meet the CCSS’ stringent requirements, not to mention boasting rights for Level 2 compliance.

Fully IRS-Compliant

When the IRS designated digital currencies as personal property in 2014, Bitcoin and other digital currencies immediately followed suit, allowing them to be eligible for placement within a self-directed IRA. BitIRA® works with Preferred Trust Company to manage administration duties of a retirement account. Additionally, all cash deposits with ETC are insured up to $3.75 million and all cash deposits with PTC are allegedly insured up to $250,000 per account.

Cryptocurrency Investment Options

Individuals can choose from several unique IRA accounts. At the time of writing, the options include Bitcoin IRA, Bitcoin Cash IRA, Ethereum IRA, Ethereum Classic IRA, Litecoin IRA, Zcash IRA, Stellar Lumens IRA, Chainlink (Link) IRA, Aave IRA, The Graph IRA, Basic Attention Token (BAT) IRA, Livepeer (LPT) IRA, Uniswap IRA and Decentraland IRA.

Fully Transparent Support Team

By joining BitIRA®, individuals are guaranteed access to knowledgeable Digital Currency Specialists, dedicated IRA specialists, transparent invoicing, and ongoing assistance for future transactions. Furthermore, BitIRA® is A+ Rated by the BBB, recognized by the International Business Times in their latest list of the Hottest Fintech Startups 2021, is a proud member of Business Consumer Alliance and has been Consumer Affairs Accredited.

How much does it cost to get started with BitIRA®?

The fees for BitIRA® range from $50 to $5,000. Specifically, the setup fee is $50, the annual account maintenance fee comes out to $195, and the minimum investment to get started is $5,000. Regarding storage, individuals will be charged 0.05% monthly. To learn more about the fee’s breakdown, contact customer support in one of the following ways:

  • Submit a form: Click here
  • Email: info@bitira.com.
  • Phone: 1 (800) 299 1567
  • Mailing Address: Central Park Building, 3500 W. Olive Ave., Suite 300, Burbank, CA 91505

Final Verdict

BitIRA® is a service that offers customers bitcoin and altcoin IRA accounts. Before delving deeper into its facets, individuals may wonder, why resort to cryptocurrencies. Well, from the looks of it, most people do enjoy digital currencies IRA for the possibility of high gains, increased diversity (i.e., to add stocks, mutual funds, and other conventional assets), and using crypto as a hedge against inflation to say the least. How can anyone overlook the decentralized nature of these assets, shooing away intermediaries?

Getting back to BitIRA®, investors appear to have well-received the service, which has been clearly stated in customer reviews and the numerous titles earned since launch. The overall setup processes are straightforward, our team was thrilled by the diversity of cryptocurrencies accepted, and most importantly, the emphasis placed on security cannot be stressed enough. In all honesty, the BitIRA® team went beyond limits to give customers a peace of mind. Equally helpful is their team of specialists whose number one goal is to educate! At the end of the day, individuals need to be fully aware of the risks and rewards, as the fate of one’s retirement savings depends on it. To learn more about BitIRA®, visit here! >>>

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