Bitcoin IRA, a digital asset IRA firm, today announced the launch of its next generation of investment retirement account [IRA] services for crypto-assets. A division of Bitcoin IRA has collaborated with BitGo Trust, a custodian purpose-built for digital assets, which will essentially cover new Bitcoin IRA accounts from theft or loss of cryptographic keys.
With its latest collaboration, BitGo will provide the Trust's cold storage at no additional fees to its users to store digital assets, with offline private user keys being held entirely by BitGo or BitGo Trust.
Following the move, Mike Belshe, CEO of BitGo said,
"Bitcoin IRA delivers an innovative retirement platform and, with our industry-leading technology and practices for security, custody, and compliance, we have built the industry's best offering for retail investors who want to make digital assets a part of their retirement investment strategy."
The partnership's primary aim is to provide its user base with efficient account funding, while maintaining low fees [nearly 30% lower wallet fees], as well as significantly increased insurance protection of $100 million.