Bitcoin IRA offers Turnkey Enterprise Solution for Financial Advisors

Bitcoin IRA offers Turnkey Enterprise Solution for Financial Advisors, a Los Angeles based cryptocurrency company that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts announced enterprise solution for businesses in the same industry. The newly launched turnkey white-label enterprise solution will help businesses to allow their customers to invest into cryptocurrencies with Bitcoin IRA.

The solution is designed specifically for financial advisors, registered investment advisors (RIAs), wealth managers and other licensed money managers.

The Bitcoin IRA's new enterprise platform can trade 24/7 on behalf of customers of Financial Advisors or customer can keep trading themselves. Further trading activity can be monitored with the help of the backend administrative portal. The announcement also said that Bitcoin IRA is designed in such a way that it does not hold any of the funds. Hence, as soon as trades are completed then management fees are distributed in real time.

Further design considerations include best-in-class storage and security to store their client's cryptocurrency investments, including multi-signature "cold storage" wallets. These wallets are from BitGo. It also has a top-level BSA/AML compliance program, two-factor authentication and a $1 million Consumer Protection insurance policy.

Bitcoin IRA processed over $300 million in investments, gained nearly 5,000 customers and received more than 400 5-star customer reviews since its launch in 2016. It supports 8 leading cryptocurrency accounts for Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, Stellar Lumens and Zcash. Interestingly, however, Bitcoin IRA also discloses that Self-directed investments processed through have not been endorsed by the IRS or any government or regulatory agency and the IRS does not review, approve, or endorse any investments, including Bitcoins in an IRA.

Executive Opinion

Bitcoin IRA's Chief Operating Officer (COO), Chris Kline, said, "We are excited to offer this new enterprise solution and work closely with financial advisors in a variety of industries, and in doing so, expand our offerings to a wider demographic. Demand and interest for cryptocurrencies remains extremely high despite recent drops in prices and our new enterprise platform allows money managers to invest their clients in crypto now before prices may rebound in 2019."

This announcement also noted that Bitcoin IRA Self-Trader launch enabled customers to buy, sell, and swap cryptocurrencies directly inside their retirement accounts, 24 hours a day, 7 days a week. A full website redesign, a faster and easier application process, improved real-time cryptocurrency price charts, a knowledge center, order history reporting and more were some of the highlights of the Self-Trader platform launch.

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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