Bitcoin IRA – a company that allows its clients to invest in cryptocurrency units like bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and bitcoin cash (BCH) – is making it easier to retire off one’s digital holdings. The company has announced that all fees will be lowered by a whopping 25 percent now that 2020 has arrived.
Bitcoin IRA – Saving You Some Money
Bitcoin seems to go back and forth between mainstream and obscure. For example, yesterday, when the “crypto presidential candidate” Andrew Yang announced that he was dropping out of the race for the White House this coming November, one had no choice but to think that perhaps crypto wasn’t mainstream or legitimate enough for users to consider a “crypto president.”
To be fair, Yang’s ideas weren’t all that bad. One of his main focuses, as an entrepreneur, was that he was going to bring clarity to many of the country’s present digital currency regulations and rules. To this day, new legislation brought forth by the Internal Revenue Service (IRS) and other agencies is still relatively difficult to understand, and Yang was eager to ensure people knew exactly what they were getting into if they ever felt the need to trade, buy or sell crypto.
Unfortunately, it appears the United States felt other things were more important, and Yang, thinking he was unable to win, decided to suspend his campaign and cease accepting all further donations.
It can be said that the idea of having an entire administration devoted to the dealings of crypto may have been too far-fetched for most people, but that doesn’t mean crypto isn’t gaining momentum in the frays of traditional finance. The idea that people can invest their retirement funds and build their digital holdings for when they’re ready to stop working is a major step forward in putting crypto along the same lines as stocks or government bonds.
Bitcoin IRA has announced that current fees to trade or hold crypto could be as low as 1.5 percent each year depending on how much a customer has in his or her account. The company also reports that last month, the average client earned just shy of 12 percent in interest.
Giving You Protection at a Lower Price
COO of Bitcoin IRA Chris Kline commented in a statement:
With our new and reduced rates, not only do we offer the best-in-class security technology and customer experience, we now also offer them at a better price point for clients. As cryptocurrencies are continuing to outperform traditional markets, there has never been a better time for self-directed investors to consider diversifying a part of their retirement account into this record-setting sector using our easy, fast and secure crypto IRA platform.
As it stands, fee payments go towards enabling Bitcoin IRA’s custodial protection, insurance policies and “military-grade security.”