From the beginning, we’ve aimed to make BitIRA the most secure and easiest-to-use digital IRA service.
Since we launched the My BitIRA self-service platform, we’ve received a number of requests from folks asking questions like:
- Why can’t I sign up right now?
- I’m ready to get started. What’s the next step?
- We’ve done our research and know which assets we want to buy. Why the hand-holding?
We heard you loud and clear. That’s why, starting today, we’re adding a self-service signup option for those who are comfortable managing the entire digital IRA process themselves. Get started here.
On-demand digital diversification
Opening your digital IRA right now requires the same information as opening a bank account: Name, contact information, date of birth and Social Security number.
If you wish to fund your digital IRA with assets from another retirement account, you’ll need a statement from your existing account(s). You’ll be asked for information from the statement.
How long does it take to open a digital IRA?
Start to finish? About 10 minutes.
Why do you need all that information?
Our custodial partner Equity Trust Company only asks for the same information any company is required to collect in order to open a retirement account for you.
Do I have to roll over existing retirement savings?
Nope – you can apply as much of your 2024 IRA contributions as you’d like. (Details of 2024 IRA contribution limitations.)
How is opening my digital IRA by myself different from working with a Digital Currency Specialist?
Opting for our self-service option means you’re ready and confident to take charge of your digital assets immediately. This path is perfect for those who know exactly what they want and prefer a streamlined, direct approach.
Choosing to work with a Digital Currency Specialist offers an enhanced, personalized experience. It’s our white-glove service for those who seek guidance or have questions about the best way to leverage their digital IRA.
Regardless of the path you choose, you’ll receive BitIRA’s world-class service:
- End-to-end insurance of your digital assets which means that everything from theft, fraud, mistakes, even hacking are covered during transactions all the way into storage (that’s where your assets will be most of the time anyway (read more here)
- Security from Ledger Enterprise, the digital asset security experts
- Trade 18 cryptocurrencies just about anytime with fast settlement (T+1)
- Access to our exchange partner Galaxy Digital, registered with the SEC, FINRA, and the CFTC, is the most advanced digital asset trading and liquidity company on the planet
- On-demand account management so you can check your account value and transact just about anytime with the My BitIRA platform
- Expert custodial support from Equity Trust Company, an SIPC and FINRA-registered custodian specializing in self-directed IRAs
- Tax-free transactions and tax-deferred growth help you make the most of your savings
- An expert team of Digital Currency Specialists stands ready to guide you and provide assistance when you need it
Ready to diversify your savings with the future of money? Get started here.
Why is BitIRA expanding its services?
A lot has changed since BitIRA offered the first fully-insured cold storage solution for digital assets. Then set the industry standard by becoming the first digital IRA company to register as a money services business (MSB) with the Treasury Department.
Jeremy Warner, Head of Sales, has been involved since BitIRA was founded in 2017. His perspective captures the changes over the last few years:
When we launched BitIRA, nobody really understood cryptocurrency. People were excited and interested in learning how digital assets work. But they had a lot of misconceptions – they mostly thought you needed to be a programmer, or a hacker. Some even asked if it was legal to have a bitcoin IRA.
In the early days, customers had a lot of questions. “Nobody was really clear on what cryptocurrency was, or how it worked. They were intrigued by the enormous growth potential, but wary at the same time,” Warner explained.
The cryptocurrency landscape has changed dramatically. Digital assets were once a speculative novelty. Today, they’re enjoying widespread acceptance from mainstream institutional investors and a growing popularity among everyday investors.
“Today’s BitIRA customer is quite well-educated,” he said. “They already understand what a blockchain is. They’re familiar with the benefits of cryptocurrency. They know the difference between proof-of-stake and proof-of-work.” He chuckled. “In fact, they’re ready to get started – and we don’t want to slow them down!”
Ultimately, that’s the reason BitIRA now offers a self-service path from sign-up to making your first trade.
Warner wanted to make it very clear that BitIRA wasn’t creating two classes of customers.
“For those who want to consult with a Digital Currency Specialist, we’re standing by,” he said. “For anyone who already knows the ins and outs of cryptocurrency, and they’re ready to get started – well, now they can.”
It’s true, the world of cryptocurrency moves faster than just about anything else… And there’s no time like the present to diversify with digital currency. Get started here.
