Categories: Ripple

Retirement Custodian Bitira Offers Insured Multi-Cryptocurrency IRAs

Click here to view original web page at

The cryptocurrency retirement account firm Bitira has announced the launch of two new features added to its business model, which includes fully-insured cold storage accounts and a variety of new cryptocurrencies such as bitcoin cash, ethereum, and more.

Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company

Digital Asset Retirement Funds

Retirement Custodian Bitira Offers Insured Multi-Currency IRAs

Bitira is a “self-directed” individual retirement account (IRA) that provides investors control over their digital currency investments, but a custodian handles some of the account administration. Self-directed IRAs require a certified custodian that carries out the investor’s orders. This week Bitira has added insurance to their accounts with a consumer protection policy managed by Lloyd’s of London. Alongside that, digital IRA customers will receive data breach insurance with a Cybersecurity Policy from Hiscox. The company states that cryptocurrency investment funds at Bitira are also kept in cold storage and protected with multi-signature technology.

“All assets held in storage are fully insured through an all-risk policy from Lloyd’s of London, the world’s leading provider of specialized asset insurance,” explains Bitira’s website. “Additionally, assets are protected during the transaction, against any internal cases of fraud or theft, by a second policy from Lloyd’s of London.”

Proprietary Security Precautions and Compliance

Bitira’s digital currency specialist Jay Blaskey says, “Simply put, Bitira is the best and only solution for current and future digital currency IRA investors that want it all – options, low cost, flexibility and the highest level of security,”

Our new set of proprietary security precautions were necessary to facilitate the addition of the most in-demand altcoins within our service. Not only are we able to offer customers the largest variety of cryptocurrencies for placement in an IRA, but we’re also able to provide them with peace of mind that their investments are protected by the market’s most stringent security controls.

In addition to the insurance and the cold storage and multi-signature security solutions, Bitira has added a slew of cryptocurrencies for investors to choose. Bitira accounts now provide bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), and ripple (XRP) investments. The retirement company explains the entire custodial process is compliant with the Cryptocurrency Security Standards (CCSS). The standards include globally accepted security practices and methodologies aimed at keeping digital asset investments safe. Bitira is not the only digital currency retirement fund management service in the industry. Bitcoin IRA also offers self-directed BTC, BCH, LTC, XRP, and ETH retirement accounts.

Bitira’s cryptocurrency choices.

Although the process is not mandatory, Bitira says the company is registered as a Money Services Business with the Financial Crimes Enforcement Network (Fincen) as well. Bitira says that cryptocurrency interest has been trending and individual retirement accounts offer other benefits like tax incentives and educated custodians that help manage your assets.

“Interest in the cryptocurrency market has hit a fever pitch in recent months. There are many factors potential investors must weigh alongside the immense benefits offered by digital currency IRAs, not the least of which are considerations around security,” Andy Klein, Bitira’s director of strategic planning added.

What do you think about Bitira offering insurance and multiple cryptocurrency retirement investment vehicles? Let us know your thoughts about crypto IRAs in the comments below.

Images via Shutterstock, and Bitira’s website.

At all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: crypto digital network ripple sbi xrp

Recent Posts

  • Bitcoin Business

How Central Banks Could Benefit From A “Protectionist-Driven” Global Downturn

From observing the behaviour of ‘ leavers ‘ and ‘ remainers ‘ since the EU referendum in 2016, I have… Read More

2 hours ago
  • Bitcoin Business

Big Bitcoin Price Boom Will Follow Consolidation, Market Experts Reveal

Prominent investors believe bitcoin price will consolidate before moving higher. | Source: Shutterstock Since July 10, within two weeks, the… Read More

2 hours ago
  • Bitcoin Business

Your portfolio is probably heavy on index funds. Now may be the time to make changes

Index funds have become hugely popular, and they account for a large following in 401(k)-style retirement plans. They're also reliant… Read More

2 hours ago
  • Ethereum

3 Reasons to Doubt the Ludicrous MinePhone WX Claims

Those who have been involved in cryptocurrency for some time now will have come across numerous scams. Some of these… Read More

2 hours ago
  • Bitcoin Business

#MetaHash Co-Founder Gleb Nikitin Keeps Everyone ‘in the Light’ Through the #MetaGather Program

In the midst of many controversies surrounding crypto, there’s light at the end of the tunnel when stalwarts like #MetaHash… Read More

8 hours ago
  • Bitcoin Business

#MetaGather Program Starts Free Familiarization with Blockchain Campaign

Jamie Dimon, the CEO of J.P. Morgan Chase, recently stated, “To put it in perspective, we’ve been talking about blockchain… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More