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My Digital Money Review: Rated #1 Crypto IRA for Concierge Services

My Digital Money is a facilitator of cryptocurrency-based IRA investments that provides investors with a secure platform for investing in various cryptocurrency assets.

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AT A GLANCE

  • Self-trading crypto platform
  • Military-grade security
  • US-Based company
  • Over 20B in assers
Overall Rating
4.5/5

Best Crypto IRA for Concierge Services

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Pros & Cons

Before diving into the most specific information about My Digital Money, it’s a good idea to learn more about the pros and cons of using it.

Pros

  • 24/7 U.S.-based customer service
  • Military-grade security
  • Next-day settlement options for all crypto orders
  • Educational resources and materials

Cons

  • Can take time to learn how the platform works
  • Some high-risk investing options

Are you searching for a Crypto IRA investment platform based in the United States? If so, My Digital Money can provide the solutions you seek.

My Digital Money, which was recently established, offers an array of superior services and solutions for anyone interested in investing in cryptocurrency and using those investments to build their retirement fund or portfolio.

The newly launched platform offers perks such as military-grade security, wealth-building tips, a play money account to “learn the ropes,” and so much more.

Keep reading to learn more about this platform, what it offers, and if it is a good option for you.

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Quick Summary

Minimum Investment: $1,000

Fees: 2.9% per trade, $29.99 per month.

Promotion: No current promotions

About My Digital Money

The mission of our founders at My Digital Money is to provide clients with an easy and safe way to buy and sell different types of cryptocurrencies. We all believe in making sure we meet and serve our clients with friendly solutions developed by a team of industry experts.

Each team member at My Digital Money has a breadth of knowledge on how to increase the investment value for each client served.

Here, our goal is to help ensure each client’s wealth preservation. My Digital Money is for anyone who is thinking about making a cryptocurrency investment.

If you are searching for a quality, easy-to-use, highly-supported platform for making cryptocurrency investments, My Digital Money is a quality option.

Services

The services offered by My Digital Money include the following:

  • Stop Loss and Gain/Loss Prompt Feature: You always know what you are losing or making, provided in real-time, based on set parameters.
  • Trade-in Cash or Crypto IRA: Easily prepare for retirement with trade-in cash or Crypto IRA to help build your wealth.
  • Military Grade Security: Thanks to the company’s partnership with Genesis, you can feel confident your information and investments are secure with military-grade security.
  • Play Money Account: If you are new to trading, you can test your abilities with this practice account.
  • News, Tips, and Resources: My Digital Money provides clients with access to the latest news and trends in this space.
  • 24/7 Customer Service: Unlike other cryptocurrency investment platforms that tend to work “banker’s hours,” My Digital Money has customer service representatives based in the U.S. who are available around the clock to answer any questions you might have or concerns about your account.

Coins Offered

The cryptocurrency coins offered by My Digital Wallet include some of the most popular and sought-after options available. These include:

  • Bitcoin
  • Ethereum
  • Ethereum Classic
  • Litecoin
  • Bitcoin SV
  • Bitcoin Cash
  • Stellar
  • Chainlink

It’s worth noting that My Digital Money is expanding what it offers to include all cryptocurrency options. While this is true, the process is slow, so it is a good idea to know what you want to buy or sell before signing up for a service provider.

Investment & Fees

When signing up for My Digital Money, there is a minimum investment requirement of $1,000, and for non-IRA cash, $500. There are also fees associated with this service.

Each transaction comes with two fixed fees. These include:

  • 0.75% custodian transaction fee
  • 2.15% platform transaction fee

There are also standard fees for the platform's services that clients must pay:

  • One-time $50 fee for account setup
  • Monthly maintenance fee of $29.99

The fees are charged to cover the services offered by the platform, including advanced investment features, administrative services, customer service, technical maintenance, and more.

Click here to request your Free Crypto Guide!

FAQ's

Is My Digital Money legit?

Yes, it is legitimate, and it is a backed and insured company that provides peace of mind that your investments are protected.

Where are my Bitcoin or Crypto Stored?

With My Digital Money, which partnered with Genesis for superior levels of security, your investments are stored using cold storage. This storage level provides Hardware Security Modules farm cold storage, which is located in an ex-nuclear military bunker.

The crypto also has multilayer, best-in-class cold storage solutions that are insured by A-rated underwriters such as Lloyds of London syndicates.

Why invest in Bitcoin in my IRA?

When you invest in Bitcoin in My IRA, you have access to a secure platform that works to minimize the possibility that you will lose your key. You also receive U.S.-based customer service to address any questions you have about the platform.

Do I Need to set-up an LLC?

Most people who start a cryptocurrency business do so as a hobby before turning it into an actual business. Once you are ready to turn your cryptocurrency hobby into a business, starting a limited liability company, or LLC, is a smart step.

Does opening a Crypto IRA require lots of complicated paperwork?

No, in fact, you can get started in just five minutes.

Is My Digital Money Legit?

Yes, it is legitimate, and it is a backed and insured company that provides peace of mind that your investments are protected.

Where are my Bitcoin or Crypto Stored?

With My Digital Money, which partnered with Genesis for superior levels of security, your investments are stored using cold storage. This storage level provides Hardware Security Modules farm cold storage, which is located in an ex-nuclear military bunker. The crypto also has multilayer, best-in-class cold storage solutions that are insured by A-rated underwriters such as Lloyds of London syndicates.

Why invest in Bitcoin in my IRA?

When you invest in Bitcoin in My IRA, you have access to a secure platform that works to minimize the possibility that you will lose your key. You also receive U.S.-based customer service to address any questions you have about the platform.

Do I Need to Set Up an LLC?

Most people who start a cryptocurrency business do so as a hobby before turning it into an actual business. Once you are ready to turn your cryptocurrency hobby into a business, starting a limited liability company, or LLC, is a smart step.

Does opening a Crypto IRA require lots of complicated paperwork?

No, in fact, you can get started in just five minutes.

MyDigitalMoney vs. Competitors

BITCOIN IRA
Bitcoin IRA logo
  • Annual Fee: $240
  • Minimum Investment: $3,000
  • Promotion: Crypto buyback program
COIN IRA
Coinira logo
  • Annual Fee: $195
  • Minimum Investment: $25,000
  • Promotion: 5% cash back on any qualified order
BITIRA
BitIRA logo
  • Annual Fee: $300
  • Minimum Investment: $5,000
  • Promotion: Free Ledger for new customers

Current Promotions

Currently, there are no available promotions from My Digital Money; however, this can change, so it is best to check back on the website regularly.

How to Open an Account

Opening an account on My Digital Money is just like the process used by online brokerages. There are some basic requirements that you must meet, including:

  • Being 18 or older
  • Being a U.S. citizen
  • Having a legal address in the United States

It would help to answer several questions about the account you are setting up and who the owner is. Once set up, you can fund it and invest using the platform’s secure application.

You can buy and sell cryptocurrencies, manage your account, and even set up automatic orders for buying and selling.

The information required to set up an account include:

  • Name
  • Contact information (address, phone number)
  • Birthdate
  • Social Security Number

The information is collected to help maintain high levels of security for each client served. Maintaining this level of secure transactions is done by verifying a client's information and helping prevent any unauthorized users from accessing their account.

Who is My Digital Money Best For?

My Digital Money is the ideal platform for anyone who wants to start investing in cryptocurrency but has security concerns. This platform offers some of the highest-level security integrations available today.

With a high level of support and service, you can feel confident the platform will have the solutions and resources that meet your needs.

Final Verdict

As you can see from this My Digital Money review, this platform has many appealing benefits. It doesn’t matter if you are a first-time investor or if you have experience; this platform makes everything more straightforward.

If you are looking for a way to invest in cryptocurrency for your IRA, this platform can help ensure you know what to do and where to turn each step of the way.

The My Digital Money platform is designed for everyone, from newbies to cryptocurrency IRAs and to those who have been making these types of investments and handling these transactions for years.

Keep this in mind to determine if My Digital Money is the best crypto investment platform for your needs and goals.

My Digital Money

My Digital Money is a self-trading crypto platform that allows investors to buy and sell cryptocurrencies inside of their retirement accounts.

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  • Editor Rating
  • Rated 4.5 stars
  • 80%

  • My Digital Money
  • Reviewed by:
  • Published on:
  • Last modified: September 21, 2021


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