Swan Bitcoin & Equity Trust Multiply Support For Bitcoin IRAs
Swan Bitcoin has also revealed a strategic relationship with Equity Trust Company to expand its suite of Bitcoin Individual Retirement Accounts (IRAs). This combines to make Bitcoin more mainstream than it has ever been, and tailored towards retirement investing.
Bitcoin IRAS So, in today’s article I would just like to explain how far Bitcoin IRAs have come over the last few years when it comes to retirement planning.
The partnership opens the door for clients to easily control their Bitcoin within a retirement portfolio. The new products consist of different account types like Solo 401(k)s, Roth Solo 401(k)s, SEP IRAs and Health Savings Accounts (HSAs), provided via the Swan Bitcoin platform. This move toward additional tax-advantaged accounts is anticipated to be appealing to investors interested in the healthy and safe way of including bitcoin as part for their retirement options.
Though this collaboration has one exceptional feature that is new — a premium IRA product. While Lightning Labs aims to keep the funds safely managed using a secure architecture, Lightning Network users worry about trust issues — one reason is that it seems you cannot directly track or monitor your Bitcoin balance on the blockchain like any address-only-based wallet user.
Bitcoin IRA Security is a BIG worry
While several consumers invest in Bitcoin IRAs, other critics are beginning to assume that security is becoming the number one priority as well. According to the announcement, Swan Bitcoin underscores its focus on safekeeping by storing assets via cold storage and using traditional advanced encryption mechanisms for safeguarding clients’ digital properties.
With these strong security measures in place, investors still need to be acutely sensitive to the natural volatility of Bitcoin. The ability to see large increases in value means that individuals can also experience huge decreases, so it is essential for them to evaluate their risk tolerance before klauting a Bitcoin IRA. Additionally, Bitcoin IRAs generally charge higher fees than traditional IRAs so that is something else investors should take into account when deciding what to do.
Client Safety and Service is Top Recurrent Theme
Swan Bitcoin Founder and CEO Cory Klippsten said that teaming up with Equity is an important step towards making it safe for individuals to hold bitcoin in their retirement accounts The importance of security and client service has been emphasized by both companies in the offering.
Today, we are proud to announce our partnership with BitGo — an industry leader exposure and experience in the world of secure digital wallets & state-of-the-art custody solutions for cryptographic assets — as a first step towards making Bitcoin more accessible through tax-advantaged accounts while innovating new pathways that allow investors to take advantage of the cryptocurrency. In the rapidly changing financial industry, Swan Bitcoin and Equity Trust are taking a leadership role in defining retirement investing in this new era.
