BitcoinIRA introduction
Pension Individual Retirement Accounts of Individual Retirement Accounts, referred to as IRAs, BitcoinIRA is a personal retirement fund based on Bitcoin. Currently, Ethereum IRA Ethereum Individual Retirement Fund has been established to provide customers with new options for retirement investment and protection . Emerging consumer interest in bitcoin is trickling down to traditional retirement savings products, with resident ID card holders able to deduct contributions from income tax each year until institutions start paying pensions, currently in the U.S. for 59.5-year-olds who can receive IRAs . Currently, BitcoinIRA uses the bitcoin exchange BitGo as the only option for direct storage of its pension holdings. According to Chris Kline, Chief Operating Officer of BitcoinIRA, the proportion of BitcoinIRA's one-time deposit down payment is 15% in the range of 15,000 to 100,000 US dollars, 13% in the range of 100,000 to 200,000 US dollars, and 11% in the amount of more than 200,000 US dollars. Kingdom Trust, a partner of BitcoinIRA, will charge escrow fees for holding Bitcoin in a multi-signature Bitcoin wallet, allowing investors to verify funds in real time. User interest in BitcoinIRA has exploded, anticipating that Bitcoin will one day be held by users for as long as a stock or bond.
