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

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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

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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