Bitcoin IRA launches crypto retirement accounts insured for $100M through BitGo

posted 11 months ago
Bitcoin IRA, a company that specialises in offering crypto for individual retirement accounts (IRAs), has launched a new account offering $100 million worth of annual insurance coverage in partnership with custodian BitGo Trust. The move will see each new Bitcoin IRA account covered by default against theft or loss of cryptographic keys, the two firms announced on Tuesday.

The firm further told The Block that the new account service is aimed at mainstream adoption of digital assets, highlighting that the new account meets clients’ expectations of having something akin to Federal Deposit Insurance Corporation insurance. Bitcoin IRA further said that it was reducing its wallet holding fees to .0005 points per month and reducing client transaction fees. It is also waiving the first year’s account fee ($240) “for a limited time” for the new account service.
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