The cryptocurrency retirement account firm Bitira has announced the launch of two new features added to its business model, which includes fully-insured cold storage accounts and a variety of new cryptocurrencies such as bitcoin cash, ethereum, and more.
Digital Asset Retirement Funds
Bitira is a company that specializes in digital currency individual retirement accounts (IRAs) that provide investors control over their digital currency investments, but a custodian handles some of the account administration. Self-directed IRAs require a certified custodian that carries out the investor's orders. This week Bitira has added insurance to their accounts with a consumer protection policy managed by Lloyd's of London. Alongside that, digital IRA customers will receive data breach insurance with a Cybersecurity Policy from Hiscox. The company states that cryptocurrency investment funds at Bitira are also kept in cold storage and protected with multi-signature technology.
"All assets held in storage are fully insured through an all-risk policy from Lloyd's of London, the world's leading provider of specialized asset insurance," explains Bitira's website. "Additionally, assets are protected during the transaction, against any internal cases of fraud or theft, by a second policy from Lloyd's of London."
Proprietary Security Precautions and Compliance
Bitira's digital currency specialist Jay Blaskey says, "Simply put, Bitira is the best and only solution for current and future digital currency IRA investors that want it all – options, low cost, flexibility and the highest level of security,"
Our new set of proprietary security precautions were necessary to facilitate the addition of the most in-demand altcoins within our service. Not only are we able to offer customers the largest variety of cryptocurrencies for placement in an IRA, but we're also able to provide them with peace of mind that their investments are protected by the market's most stringent security controls.