Bitcoin IRA Launches World's First Ethereum IRA
Self-directed retirement accounts for second-largest cryptocurrency will be secured exclusively with BitGo multi-signature wallets.
Apr 20, 2017, 05:38 ET
LOS ANGELES, April 20, 2017 /PRNewswire/ -- BitcoinIRA.com has announced the launch of Ethereum IRA, a self-directed IRA for the second-most popular cryptocurrency (by market cap) in the world. Ethereum IRA is the second product launched by the company following its highly-successful Bitcoin IRA, which has secured over $10,000,000 worth of real bitcoin in client custodial accounts since launching in June of 2016.
Similar to its flagship product, Bitcoin IRA, investors can hold real Ethereum in retirement accounts by choosing between traditional IRAs, Roth IRAs, 401(k)s, SEP IRAs, and more. The company will use TradeBlock s ECX Index as a reference rate and Genesis Global Trading, Inc. for liquidity. To store investor funds, the company has entered an exclusive partnership with BitGo, utilizing its multi-signature wallet to ensure privacy, security, and full compliance with IRS regulations for selfdirected retirement accounts.
"It's been a pleasure working with the innovative team at Bitcoin IRA," said Mike Belshe, CEO of BitGo. "Together, we foresee tremendous opportunity and growth for our clients."
Bitcoin IRA is the first and only company to offer cryptocurrency-based IRAs for investors, allowing them to hold actual cryptocurrencies in a retirement account. Unlike traditional ETFs and investment plans, investors in Bitcoin IRA and Ethereum IRA continue to own their cryptocurrency even after the end of the IRA tenure, allowing them to freely distribute it.
The unique properties of cryptocurrencies make them uniquely suited for long term investment. In 2017, Ethereum has witnessed an incredible 388% growth from less than $10 per unit to over $44.
"Cryptocurrency as an industry is on a new wave of mainstream adoption. As a business, it made sense to listen to our clients," explained Chris Kline, COO of Bitcoin IRA. "They wanted Ethereum, so we delivered."
About Bitcoin IRA
Bitcoin IRA is the only Bitcoin-based retirement investment portfolio that allows people to invest with actual bitcoins for their IRA or 401(k). The platform works with leading fintech professionals to provide secure, highquality Bitcoin investments.
Bitcoin IRA offers both traditional and Roth IRA options, which offer the same tax incentives as regular IRAs and 401(k)s. The company differentiates itself from other Bitcoin investment products in multiple ways. Unlike Bitcoin ETFs and investment funds, Bitcoin IRA offers an opportunity for individuals to invest in real Bitcoin at a much lower fee. In addition, investors keep total control over their Bitcoin deposits, with no holding fees and the ability to withdraw once the term is over.
Learn more about Bitcoin IRA and Ethereum IRA at: https://bitcoinira.com/
Media Contact
Contact Name: Amith Nirgunarthy
Contact Email: [email protected]
Location: Los Angeles, USA
Bitcoin IRA is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only
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SOURCE Bitcoin IRA