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What is Bitcoin IRA and Which Ones to Consider Using in 2019 - Global Coin Report
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What is Bitcoin IRA and Which Ones to Consider Using in 2019

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Bitcoin IRA
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As Bitcoin, and cryptocurrencies in general, continue to advance in the world of modern finances, many are finding new use cases for this form of money. Although cryptocurrencies still have limited use cases, many of them are finding new ways to be useful, which will give them an advantage and secure their long-term survival.

Bitcoin, for example, already has numerous use cases, including purchases of goods and services, crypto trading, loans, savings, and more. Another of its use cases includes individual retirement accounts or IRAs. Simply put, this represents an account that individuals can open at a number of financial institutions, and use it to save money for their retirement.

Many choose to open these accounts due to lower taxes, which allow them to save up more. IRA comes in several types, including traditional IRA, rollover IRA, and Roth IRA. Traditional IRA is as simple as it sounds — users simply open an account and start adding money that they can afford to deduct from their income.

Rollover IRA includes “rolling the money over” from the qualified retirement plan to the IRA, while Roth IRA allows users to deposit after-tax money which can then grow completely tax-free

Bitcoin IRAs work pretty much in the same way, except you deposit Bitcoin instead of traditional currencies. While some of the older, traditional IRAs have decided to expand their businesses in order to add cryptocurrencies, there are also several IRAs that were designed and created for dealing with cryptocurrencies specifically. Here are some of the best Bitcoin IRA to choose from in 2019:

1) BitcoinIRA

BitcoinIRA is an IRA company that provides all three types of IRAs, and it works with multiple cryptocurrencies, including Bitcoin, XRP, Ethereum, Bitcoin Cash, Litecoin, and Ethereum Classic. It also provides a number of services, including consultation with experts, updated price charts for BTC and ETH, a downloadable e-book that serves as a guide to Bitcoin IRA investing, and more. It is an excellent choice for investors that wish to have a diverse selection of cryptocurrencies for their IRA, and all of the invested coins will be kept safe in a special wallet with a three-layered security system. Using it is easy, which makes it perfect for experienced investors and newcomers alike.

2) Broad Financial

Broad Financial is a company that allows its customers self-directed IRAs, as well as solo 401(k)s. The company has been offering IRAs for a long time, finally going crypto recently, and including Bitcoin. It allows users greater flexibility with their BTC investments, and it includes a flat fee in order to invest. In other words, after users pay $1,395 (or a different amount, depending on the state), they can keep investing any amount they want.

The company also offers helpful information about Bitcoin and even a specialist that can provide professional advice to users that are experiencing difficulties. Starting off is quick and easy, and users can do it online or via a phone call.

3) Regal Assets

This is the first company to receive a license to trade crypto commodities, as well as the first to include alternative assets IRAs for BTC. Apart from Bitcoin, Regal Assets also allows its customers to invest in XRP, Ethereum, Litecoin, and Monero. It provides users with a free rollover kit, and it offers different security and portfolio packages. Furthermore, it is available at any time of day and night to answer users’ questions via chat.

4) First Digital IRA

First Digital IRA provides users with the ability to invest in Bitcoin, XRP, and Ethereum IRAs. However, it also includes other investments, such as mutual funds, stocks, real estate, bonds, precious metal, raw land, and alike. The company also offers all three types of IRAs, as well as a cryptocurrency specialist who can provide users with professional advice and set them up with their digital IRA.

The company’s expert can also help with providing paperwork, secure storage for digital coins, as well as all the information necessary for making a proper investment decision. This is by far the best option for those who want the service to handle their digital IRAs, which may not be for everyone, but it can be quite helpful to some who require assistance with their digital investments.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Why Bitcoin (BTC) Revival is Likely to Continue

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The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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How to Become a Millionaire without Risking Everything with Bitcoin

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It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches

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Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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