BitIRA is a great and reliable platform that enables investors to invest in cryptocurrencies through their IRA account. It provides a safe and secure to invest in many popular cryptocurrencies such as Bitcoin through a large variety of IRA types. It offers a much better and newer way for investors to plan out their futures by taking advantage of the large boom in cryptocurrencies, and this BitIRA review shows that.
If you’re looking to gain exposure to cryptocurrencies through your retirement account, BitIRA could make all of the difference for you and your retirement. It is an excellent platform for all of the investors looking to take advantage of alternative investments which is becoming more popular and more common.
BitIRA is best for cryptocurrency investors, retirement planning, and those who are specifically looking to diversify their portfolio. It is a relatively young platform having been founded back in 2017. It was founded by the Birch Gold Group in Burbank, California to help U.S. citizens take advantage of the rise in cryptocurrencies.
You can use basically any standard type of IRA to invest in cryptocurrencies through BitIRA, including traditional, SEP, and Roth. You may also be able to use any eligible retirement account that is able to be rolled over to an IRA which means that the majority of investors with a retirement account will be able to effectively use this platform. It is a groundbreaking platform because the average retirement account usually chooses to restrict investment options to only include stocks and bonds.
If you are specifically looking to diversify as well, BitIRA is one of the easiest and fuss-free ways to do it. Specifically, the core features of BitIRA are quite phenomenal which is just another strong reason as to why it is such a good platform, let’s take a look. For more cryptocurrency information, check out this SpeedTrader review as well.
BitIRA is said to be one of the most tax-efficient ways to trade cryptocurrencies. Take advantage of your IRA account to get broader exposure to different markets. Now, we will gain an in-depth view of all of the core features to take into consideration.
Access to Other Investment Assets
Your BitIRA account is mainly geared to cryptocurrencies, however, it is still considered a self-directed IRA. In addition to cryptocurrencies, you are also able to use this account to invest in other non-traditional forms of investment assets such as real estate and precious metals.
Multiple Currencies Available
When looking at the many reviews of BitIRA, the one common factor is that they all almost exclusively talk about trading Bitcoin. With BitIRA, you are always able to trade Bitcoin, however, you can also trade a huge variety of other currencies such as Ethereum, Litecoin, and Stellar Lumens, so there are many options available to you. It is very widely expected that this platform will likely continue to expand the number of cryptocurrencies that you are readily able to trade with which looks good for the future. This also means that the future of BitIRA seems quite successful.
Any of the trading done within your IRA is completely tax0free much like any other investment through an IRA. For as long as your funds remain in your BitIRA account, you will never have to pay any federal taxes. They only need to be paid if you take distributions before the age of 59.5.
BitIRA is known to provide one of the most tax-efficient ways to trade cryptocurrency right now.
BitIRA is a turnkey service because of the fact that the platform creates your account on your behalf, unlike other ways to trade cryptocurrency. You don’t need any technical knowledge to do this and all you really need is a minimum of $5,000 to invest. All of the funds are able to be stored via a cold storage wallet and BitIRA utilizes both Preferred Trust Company and Equity Trust Company to take custody of your funds.
Is BitIRA the right choice for you?
BitIRA comes comfortably recommended by many, many people as an incredibly viable trading platform for all of those who are wanting to invest all (or some) of their retirement savings into cryptocurrency. However, it is advisable to get clarity when it comes to all of the trading fees. The bottom line is that BitIRA is an extremely solid, reliable, and great cryptocurrency investment platform that is 100% worth checking out.
It completely specialized in IRA cryptocurrency investing and the infrastructure has been aligned to make sure that it provides a maximum amount of protection for all of your assets which is incredibly important. At the same time, they also handle the account creation process, so you don’t need any prior knowledge of cryptocurrency to get started. There is so much help available with this platform.