There is no time like the present, even in the cryptocurrency industry. Coinbase, a provider of exchange and wallet services, is now entering the IRA game.<\/p>\n
This is made possible following a strategic partnership with Kingdom Trust and Regal Assets.<\/p>\n
A cryptocurrency-based investor retirement account has been of great interest to many, yet few companies provide such a service.<\/p>\n
The main purpose of these IRAs is how the cryptocurrency balances are safe from external factors.<\/p>\n
Hackers or criminals looking to steal user funds will have a very tough day and ultimately be unsuccessful.<\/p>\n
Furthermore, every account created through Coinbases IRA will be insured for up to $200m, courtesy of Lloyds of London.<\/p>\n
For those who are on the fence about investing in cryptocurrencies, this might be the solution they have been waiting for.<\/p>\n
Plenty of cryptocurrencies will be supported for these IRAs. The list includes Bitcoin, Stellar, Tezos, DAI, Augur, and several dozen other currencies.<\/p>\n
Some notably absent projects include Binance Coin, Monero, and so forth. It is possible more currencies will be added once the service goes live.<\/p>\n
Cryptocurrency investing is usually something one should engage in for the long term. An IRA seems to be the perfect vehicle to accommodate those needs.<\/p>\n
On the other hand, putting ones retirement savings into cryptocurrency will always be a risky venture.<\/p>\n
These markets are extremely volatile, and there is no guarantee all of the supported tokens will still be around decades from today.<\/p>\n
Image(s): Shutterstock.com<\/p>\n
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\nCoinbase Announces its Upcoming Cryptocurrency IRA - The Merkle Hash<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"