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What is Bitcoin IRA and Which Ones to Consider Using in 2019



Bitcoin IRA

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 Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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