Cryptocurrency

Cryptocurrencies move into the retirement space

Bitcoin IRA
(C) iStock.com/RedlineVector

Bitcoin IRA has become the world’s first company to allow investors to purchase cryptocurrencies for an IRS-approved retirement account.

The move marks the first time that people can begin to incorporate digital currencies into their formal retirement planning. Customers can purchase Bitcoins and other digital currencies for their IRA or 401(k) retirement accounts.

Bitcoin IRA has made the digital asset XRP available to its clients.

Chris Kline, COO of Bitcoin IRA, said:

“We’re the only company in the world to offer an XRP feature in this way. Demand from our customers has been immense. XRP is an unique innovation in modernizing cross-border payments using superior blockchain technology. We’re excited to feature XRP and work with BitGo to bring this extraordinary asset opportunity to market.”

Customers will have their XRP stored in a BitGo multi-signature digital wallet.

The company provides its clients with an IRS-compliant solution that includes:

  • setting up a qualified cryptocurrency account
  • rolling over funds from any existing IRA custodian
  • executing live trades and moving funds into secure, multi-sig digital wallet

The company plans to expand its services to include additional cryptocurrencies including Litecoin, Ethereum Classic and Bitcoin Cash.

1 Comment

1 Comment

  1. Dow Jones Futures

    November 18, 2017 at 3:12 pm

    hi there I really like the blog you have set up here. Thanks and keep up the great work!

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top

We are using cookies on our website

We use cookies to personalise content and ads, to provide social media features, and to analyse our traffic. Please confirm if you accept our tracking cookies. You are free to decline the tracking so you can continue to visit our website without any data sent to third-party services. All personal data can be deleted by visiting the Contact Us > Privacy Tools area of the website.