Why Security Matters
It’s no secret that the cryptocurrency industry has some bad actors; hacks still occur with alarming frequency. Notable examples include the Bitfinex hack on the BitGo wallet and the Mt. Gox hack, which brought down the exchange.
Of course, you can’t afford for your nest egg to be exposed to such unscrupulous activity; your retirement savings are critical to your future. That’s why, at BitIRA, we’re obsessed with the security of your savings. We’ve burned the midnight oil to create technology and processes to keep your savings as secure as possible.
We set out to provide “The World’s Most Secure Digital Currency IRA.” A service we’d recommend to our own parents and friends without a qualm. Did we succeed?
You be the judge. Other companies may offer some of the measures you’ll read about below, but you’ll never find anyone as obsessed with guarding your savings and your peace-of-mind than us. If you demand the highest level of security for your retirement savings, you will not find a better solution on the market.
What makes BitIRA “The World’s Most Secure Digital Currency IRA”?
1. Multi-Encryption & Multi-factor authentication
Encryption makes transactions more secure – but encryption can be broken. That’s why we use multi-encryption encoding for your transactions. Each additional layer of encryption makes the underlying information an order of magnitude more difficult for an adversary to overcome, and make your savings even more secure.
2. There’s No Device or Keys to Track
You’ve probably heard scare-stories about Bitcoin billionaires who accidentally flushed their crypto wallet down the toilet or misplaced their private keys and lost everything. That’s the exact opposite of how retirement savings should work.
So we developed a bulletproof system. It works like this:
- We receive and validate incoming transactions.
- As soon as the transaction is complete, we move funds into cold storage (see below), completely disappearing from the internet.
The benefits to you? You have no pocket gizmo to keep track of. You don’t have to worry about memorizing your private keys. And as far as hackers are concerned, your cryptocurrency has vanished.
3. True Cold Storage
The easiest way to protect digital assets from hackers? Make them invisible. By storing your cryptocurrencies in a secure device completely disconnected from the Internet, they simply vanish from cyberspace – until you need them.
While offline, your funds are locked down in grade-5 nuclear bunkers, monitored and guarded 24/7 by specialist staff. Hackers? James Bond couldn’t get into this place.
No other Digital Currency IRA company can offer you this.
4. End-to-End Insurance
Insurance can be confusing, so we’ll keep this simple: “end-to-end” means your digital currency is insured, from transit to storage.
Whether your digital currency is in transit or in storage, it’s insured against:
- Hacking or theft
- Embezzlement or internal theft
- Physical loss
Other Digital Currency IRA companies may offer insurance during the purchase process — but not when your cryptocurrencies are in storage.
End-to-end insurance policies with $100 million coverage are in place with a reputable panel of London insurance companies with S&P ratings of A or better, with knowledge and experience of underwriting digital asset insurance products. It’s the best insurance we could find, at any price. (And in case you were wondering, any cash that happens to be in your account with Equity Trust Company is FDIC insured up to $3.75 million.)
Simply put, you can’t better insurance on your Digital Currency IRA anywhere else.
With BitIRA, the entire process to create your Digital Currency IRA is compliant with Level 2 CryptoCurrency Security Standards (CCSS). This is the industrial group that defines global standards of security techniques and methodologies for cryptocurrency systems. Few Digital Currency IRA providers can meet the CCSS’s stringent and demanding requirements and earn Level 2 compliance.
Have you been looking for a Digital Currency IRA even more obsessed with keeping your money safe than you are? You’ve come to the right place.