If you’re looking to invest in a Bitcoin IRA, you likely have a lot of questions around Bitcoin wallets. Similar to a bank account, a customer uses a Bitcoin wallet to send and receive Bitcoin transactions. Just as we rank the reliability of bank accounts, some Bitcoin wallets are much higher quality than others.
Here at Bitcoin IRA, we are proud to have an exclusive relationship with BitGo. The leader in multi-signature encryption technology, BitGo is the world’s most secure bitcoin wallet with a comprehensive suite of services that surpass other Bitcoin wallet providers in the industry. Let’s take a closer look at why BitGo wallets are the best.
Bitcoin IRA customers’ cryptocurrency investments are stored using BitGo’s cold storage wallet. Cold storage wallets are much better suited for long term investments than hot wallets, primarily because they are not accessible online. Taking wallets offline eliminates a lot of the security threats around malware and hacking, but there are many factors that distinguish BitGo as the industry leading cold storage wallet as well.
For example, Bitcoin IRA customers store their investment with BitGo’s multi-signature wallet that generates three unique, private keys. These keys are stored with BitGo, Bitcoin IRA’s custodian Kingdom Trust (which BitGo recently entered into an agreement to acquire), and Bitcoin IRA’s backup key provider, Keytern.al.
Some customers prefer holding their own security keys, and other wallet providers list that as a selling point, but we have a different point of view here at Bitcoin IRA. Consider the last time you misplaced something. Chances are, it was pretty recently. Security keys for cold storage wallets are typically stored on small USB drives or printed on paper. Could you imagine throwing that out and accidentally losing thousands or millions of dollars in your cryptocurrency investment? It’s a scary thought, and when you work with Bitcoin IRA and store your funds using BitGo, one that you don’t have to worry about.
Supports Multiple Cryptocurrencies
Part of the appeal of investing in cryptocurrencies is diversifying your assets, yet many digital currency wallet providers only support Bitcoin. BitGo, however, supports Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and Ethereum Classic, and customers that work with Bitcoin IRA to store their cryptocurrency IRA investment in a BitGo wallet have reported overwhelmingly positive experiences, no matter which digital currency they are investing in.
Solid Track Record
Company reviews matter, and a google search for many cryptocurrency wallets in the marketplace contain a slew of concerning complaints, ranging from spam to nonexistent customer service.
BitGo’s reviews, on the other hand, are largely positive. “BitGo offers a very secure wallet solution which remains approachable by the average consumer on the street,” The Merkle writes. “Convenience and security often do not mix that well, but BitGo shows it can be done.” Other reviews for the digital currency wallet offer similar praise, with its highly secure functionality frequently recognized as a major selling point. Another major selling point? Prompt customer service.
Unbeatable Customer Service
When customers entrust third-party companies with their financial investments, they should expect unparalleled customer service that swiftly addresses customer concerns. BitGo, based locally in Palo Alto, offers an extensive FAQ page on their site as well as additional assistance from their support team. Furthermore, Bitcoin IRA customers also have access to premium support.
Conversely, many other cryptocurrency wallet providers are based abroad and do not provide clear contact information, with customers calling, emailing, and messaging on social media repeatedly to no avail. Ultimately, if you are making a sizable digital currency investment and have questions, you want to depend on a trusted provider that will call you back.
Using BitGo to Store Your IRA Investment
Investing in cryptocurrencies for your IRA or 401(k) is a long-term endeavor, and working with a trusted provider should be the top priority. That’s why we are proud to partner with BitGo, which remains the industry leader in digital wallets. To get started storing your cryptocurrency investment in a BitGo cold storage wallet, give Bitcoin IRA a call today at 877-936-7175.