Add Bitcoin to your Retirement

BitGo is committed to making digital currencies usable for businesses and traditional finance. In today’s post we are happy to profile our customer, Bitcoin IRA.

Bitcoin IRA is the first Individual Retirement Account available for investing with bitcoin. It is like any other IRA, subject to the same IRS regulations. Unlike other bitcoin retirement offerings, the Bitcoin IRA is fully registered in the United States which allows customers to hold bitcoin directly rather than a managed equivalency.

Bitcoin IRA reports strong growth in deposits and new customers between June of last year and today. While Bitcoin IRA’s numbers are small compared to traditional IRA deposits, they represent rapid growth and demonstrate the real momentum that is accelerating as traditional wealth managers are now able to direct their clients to bitcoin investments. The Bitcoin IRA offers traditional and Roth options and also accepts rollovers.

BitGo’s enterprise wallet and treasury management solution gives Bitcoin IRA the ability to manage its liquidity, easily move funds securely between accounts and manage its treasury with multi-signature security controls across multiple platforms. In total it took about a week to fully implement the BitGo solution on their platform, which included activating Keyternal as the key recovery service.

At BitGo we are thrilled that a fully compliant IRA product for bitcoin exists and that it is accessible for newcomers and crypto enthusiasts alike. We are proud to play our part.