In a nutshell, BitIRA is a great platform that enables investors to invest in cryptocurrency through their IRA account. In this instance, it provides a secure way for you to be able to invest in popular currencies like Bitcoin through a large variety of different IRA types. In this BitIRA review, you will see that this platform offers a new way for investors to plan for their future by taking advantage of the huge boom in cryptocurrencies.
If you’re looking to gain exposure to many different cryptocurrencies through your retirement account, BitIRA offers exactly that and more. This platform is excellent for investors who want to take advantage of alternative investments. BitIRA is best for:
- Cryptocurrency investors
- Retirement planning
- Those who are looking to diversify their portfolio
BitIRA is considered a young platform considering that it was founded only a few years ago in 2017. It was founded in Burbank, California by the Birch Gold Group to help all U.S. citizens to take advantages of the rise in cryptocurrencies. You can use any normal type of IRA to invest in cryptocurrencies with BitIRA, including traditional, SEP, and Roth.
You may also be able to use any retirement account that is eligible to be rolled over to an IRA which means that the majority of investors that have a retirement account will be able to use this platform. It is an absolutely ground-breaking platform because the average retirement account usually has strict investment options to stocks and bonds. If you are looking to diversify, BitIRA is truly one of the best and easiest ways to do exactly that.
BitIRA is a great platform. Keep reading to understand the pros and cons and while you’re at it, check out this ForexSignals review.
The pros and cons of BitIRA
BitIRA is one of the most tax-efficient ways to trade cryptocurrencies right now. You are easily able to take advantage of your IRA account to get a far broader exposure to many different markets. The core features of the platform are absolutely amazing, and they far surpass all of the ones offered by competitors.
BitIRA is one of the only ways that you are able to trade popular cryptocurrencies such as Bitcoin and Ethereum through your IRA account. Normally, IRA traders refuse to offer cryptocurrencies. However, this platform sets up an IRS custodian that enables you to trade crypto through a tax-sheltered account. Here are the pros and cons of BitIRA.
Pros
- Tax-free investing
- Invest in cryptocurrencies with your IRA
- Multilayer security
Cons
- High fees
- Delayed pricing data
- No real estate investing
Is BitIRA the best platform for you?
BitIRA is a viable and deeply reliable trading platform for those looking to invest their retirement savings into cryptocurrency. However, it is important to get clarity when it comes to trading fees. BitIRA is a solid, reliable, and trustworthy investment platform that is very much worth checking out. Sign up for an account with BitIRA today and start trading cryptocurrencies.
