LOS ANGELES, June 21, 2021 /PRNewswire/ -- Bitcoin IRA, the world's first, largest, and most secure cryptocurrency retirement platform, is announcing their official mobile app is now available to the public. Investors interested in the new app can download and install the app on Apple and Android devices.
This is the first cryptocurrency retirement app of its kind and will allow users to easily buy, sell and swap crypto assets inside their self-directed retirement accounts. Investors can now securely manage and monitor their accounts while they're on the go, at any time and any place.
The new app comes with many features and benefits:
Invest in crypto assets, 24/7 – Buy, sell, and swap assets directly inside your self-directed retirement account, anytime at your convenience.
Keep track of your portfolio – Watch how your retirement account assets perform over time.
Earn substantial monthly interest – IRA Earn allows investors to earn up to 6%* interest on assets, including Bitcoin, Ethereum, and cash.
Utilize advanced investing tools – Take advantage of state-of-the-art investing tools, like advanced charts, custom price alerts, real-time live prices, and more.
World-class leading security – Bitcoin IRA's platform has top-notch security and $100 million custody insurance through BitGo.
Get $100 for each referral – Invite your friends to start an account with Bitcoin IRA.** You'll both get $100 when they make their first trade.
"Our mission at Bitcoin IRA is to help Americans retire early, and our mobile app is the latest initiative to make it even easier for our users and new customers to invest in cryptocurrencies inside their self-directed retirement accounts," said Chris Kline, Co-Founder and Chief Operations Officer of Bitcoin IRA. "We remain focused on enhancing the customer experience and are proud to be the first crypto retirement platform of its kind to be able to offer this app to our users. Stay tuned for more exciting announcements coming very soon.
Cryptocurrency retirement accounts have been surging with popularity as Bitcoin IRA has surpassed over 100,000 users and is quickly growing its user base further, making it the largest, most popular, and trusted cryptocurrency IRA platform. Due to growing demand from its users, Bitcoin IRA developed this custom app to provide an unparalleled experience and make it easier to self-trade crypto assets, track your portfolio, set custom price alerts, and monitor monthly interest earned on your crypto assets, such as Bitcoin, Ethereum and even cash.
Bitcoin IRA's new mobile app provides a full solution for self-directed crypto IRA investors. The app also makes it easier for new retirement investors seeking to invest in crypto to create an account within minutes and upon account funding, can start making crypto investments directly from their mobile devices.
To download the mobile app and create a FREE account, please visit the app on the Apple App Store, the Google Play Store, or call 866-333-4307 for support.
About Bitcoin IRA Bitcoin IRA, available at bitcoinira.com, is the world's first, largest, and most secure digital asset IRA technology platform that allows users to purchase cryptocurrencies and physical gold for their self-directed retirement accounts.
They provide a secure self-trading platform for self-directed retirement accounts. Users can set up a qualified digital asset IRA, transfer funds from an existing IRA custodian, execute self-trades in real-time 24/7 through a US-based exchange, and store funds in an industry-leading multi-signature digital wallet from BitGo. Users can also earn up to 6%* interest on their cash and crypto assets with IRA Earn.
Bitcoin IRA has processed over $1.5 billion in transactions and has over 100,000 users with more than 2,500 5-star user reviews. The platform has been featured extensively in the media, with coverage in Forbes, CNBC, CoinDesk, and The Wall Street Journal, among other leading publications.
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4 Reasons to Buy Bitcoin Over Dogecoin
Dogecoin has significantly outperformed Bitcoin since the start of this year. But that doesn't mean you should buy it.
Dogecoin (DOGE) is the cryptocurrency that never ceases to amaze. From humble beginnings as a parody coin worth a fraction of a cent, it is currently the sixth biggest crypto by market cap, according to CoinMarketCap.
A lot of people argue it's time to start taking it seriously. Many popular cryptocurrency exchanges now list Dogecoin. And its fame and popularity have people wondering if it might yet find utility as a digital currency.
Dogecoin's price has increased by over 6,000% since the start of this year, in comparison with Bitcoin's rise of 37%. That's an astonishing jump. But if it's a choice between Dogecoin and Bitcoin (BTC), I'd take Bitcoin every time. Here's why.
- Bitcoin is more than a payment system
Let's start by looking at the argument that Doge could become a functional cryptocurrency.
It could very well work better than Bitcoin. Transactions are faster, more environmentally friendly, and cheaper. But it's an extremely overcrowded space, and I'd be hesitant to invest in anything that is only a form of payment.
Here are some of the players:
Other alt coins: Dogecoin is one of the many types of alternative coins that improve on Bitcoin's payment capabilities. The trouble is that all of them are volatile. If you were running a restaurant, would you want to accept payment for a meal, only to have the value halve in a matter of days? It would play havoc with your cash flow.
Stablecoins: Stablecoins solve the volatility issue. These cryptocurrencies are tied to a fixed asset, such as dollars or gold, so the price won't fluctuate wildly from one day to the next.
GovCoins: The other potential player in the digital payments arena are government coins, such as the digital dollar. The Fed said recently it is considering its own coin, and China is already piloting a digital yuan. Since these would be both stable and government-backed, they could blow the alt coins out of the water.
We don't yet know how this will play out, but one thing is clear: Doge has competition from all directions if it's going to make it as a digital currency. Bitcoin, in contrast, is running a different race. Some see it as a digital store of value, like gold. Others see it more as a solid, secure, foundation from which other cryptocurrencies will run.
- Bitcoin has a large team behind it
The Bitcoin Foundation and other organizations pay for a large team of developers to keep Bitcoin bug-free and updated. Bitcoin may be slow, but developers are looking at layering new technology on top of its platform. Plus, the tech workers plan updates to make transactions easier and cheaper.
Dogecoin recently announced it will soon roll out its first upgrade in years. Dogecoin has four part-time developers who say Doge 1.21 is not far off. That's great news for Doge, but it's a drop in the ocean. Doge doesn't have full-time developers, so what happens if the platform gets hacked or there's a technical problem in the middle of the night?
- One person owns almost a third of Doge
The Wall Street Jou
rnal reported earlier this year that one person owns 28% of all the Dogecoin in existence. And that's not all. Close to 70% of the coins are held in just 100 wallets.
Now, Bitcoin has its share of whales too. These are people who own large amounts of a cryptocurrency and can have an outsized influence on the price. But, as Bitcoin is the biggest cryptocurrency in the world, their influence is somewhat diluted. Glassnode classifies Bitcoin whales as people who hold over 1,000 BTC. It estimates there are about 2,200 whale accounts that control just over 30% of the world's Bitcoin.
- Bitcoin is a better long-term option
The Ascent's parent company, The Motley Fool, owns Bitcoin because it believes in the long-term future of the currency. It isn't looking for short-term gains; it is ready to hold Bitcoin on the basis that it will perform well over a long period of time.
Is Dogecoin a good long-term investment? It may continue to surprise us all. But the coin was created as a joke with no fundamental purpose, and its market cap is now bigger than several well-known companies. I wouldn't invest in a business that didn't have a business plan, no matter how popular it was on the internet.
Ultimately, all cryptocurrencies are risky investments. There's so much we don't know about how they might unfold. But Dogecoin seems riskier than most. It has outperformed massively, and I hope for the Dogecoin community that it continues to do so. But it is simply too much of a gamble for me.
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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool owns shares of and recommends Bitcoin.
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