Buy Bitcoin, Ethereum & More In An IRA

A New Way To Diversify Your Retirement Portfolio

Opening a crypto IRA or a standard trading account on My Digital Money only takes a few minutes. Once registered, you can fund your account via ACH, or our customer success team can help roll over a 401(k) or transfer an IRA.

how my digital money crypto ira works
Start Building Long-Term Wealth

Create An Account In Minutes

Opening a crypto IRA account on My Digital Money only takes a few minutes. Once registered, you can contribute new funds via ACH, wire, or check, or our customer success team can help roll over a 401(k) or transfer an IRA.

  • create an account
    Open An Account

    Create an account online using our simple registration portal in less than three minutes.

  • fund account
    Fund Your Account

    Fund your IRA directly in our portal or work with our team to rollover a 401(k) or IRA.

  • start trading crypto
    Start Trading In Real-Time

    Once your account is funded, you can start trading crypto in your IRA using our simple platform.

play money no blur
Want To Try Before You Trade?

Trade Crypto Risk-Free With A Play Money Account

Opening a play money account makes it easy to tour our platform, demo the key features, and even get some practice trading crypto in a real environment with real prices before making your first real investment. Play money accounts are free to sign up for, do not require a credit card, and only take about 2 minutes to get set up.

my digital money crypto guide
Download Our Free Crypto Investment Guide

Investing in cryptocurrency is just like investing in any other security – it requires research, strategy, and a little bit of luck. Get started on your crypto investing journey with our free crypto guide.

Product Features

User-Friendly Trading Features With No Monthly Fees

My Digital Money gives you all the tools you’ll need to build a secure financial future with cryptocurrency. Get ahead of market crashes with our stop-loss feature, lock in your profits using our auto order features, and get expert insights and assistance from our US-based customer success team.

secure Crypto IRA platform
Secure Crypto Trading

We Secure Your Assets With Military Grade Security

MDM provides unparalleled military-grade security for your cryptocurrency investment through our partner, Genesis. Through Genesis, we offer top-of-the-line digital security features such as:

  • HSM cold storage
  • Multilayer cold storage
  • Hybrid multilayer security
  • A-Rated Insurance

Frequently Asked Questions

Here are some of the most common questions we hear from customers about our platform, features, and investing in a crypto IRA. If you have a question you don’t see below, or just want to speak to someone from our team, feel free to contact our customer success team.

What Is A Crypto IRA?
A crypto IRA is a retirement account that is just like a traditional IRA, except it allows you to hold cryptocurrency instead of more traditional investments, like stocks or bonds. The main benefit of a crypto IRA is that it allows you to diversify your retirement portfolio with a new asset class that has the potential to grow at a higher rate than more traditional investments. You can learn more about what a crypto IRA is in this article.
What Is An IRA Custodian?
An IRA custodian is a licensed and regulated institution like a bank, credit union, or non-depository bank that holds IRA assets. There are various types of custodians such as third-party custodians and self-directed custodians. When you invest in a crypto IRA on My Digital Money, your assets are held in trust by our custodian, Equity Trust. Learn more about how custody works here.
What Type Of Crypto Investments Can I Put In An IRA?
My Digital Money currently offers 20 cryptocurrencies that can be traded in an IRA. Our team carefully researches and reviews each coin before making it available for purchase in an IRA by our customers.
How Many IRA Accounts Can I Have?
You might be surprised to learn that there is actually no limit on the number of IRAs that you can have. However, there are limits on the amount that you can contribute to the IRA each year that would be subject to tax advantages. Currently, you are allowed to contribute up to $6,000 per year to an IRA, or $7,000 per year if you are over 50.
Can I Invest In NFTs?
While you can’t invest directly in NFTs just yet on My Digital Money, we do offer a few ways that you can get exposure to Web3 assets in your crypto IRA. We offer a few coins on My Digital Money such as Decentraland (MANA) that could be considered NFT “adjacent” due to their usage in virtual reality, video games, and other applications that require a non-fungible token.
How Can I Diversify My IRA?
The best way to diversify your IRA is to open a self-directed IRA like a crypto IRA. A self-directed IRA will allow you to invest in a number of non-traditional assets such as real estate, art, precious metals, and even cryptocurrency. Diversifying your retirement savings with alternative investments is a great way to hedge against inflation and unexpected volatility in traditional markets.
How Do I Buy Crypto In An IRA?
Buying crypto in an IRA is actually very similar to buying crypto in a standard trading account. First, you’d sign up with a crypto IRA platform like My Digital Money and fund your account. Once your account is set up and the funds have cleared, you can start trading cryptocurrencies as you would on any other platform. The big difference is that all of the trades executed in the IRA will be allowed to grow tax-free until they are disbursed.
Can I Automate My Trades On My Digital Money?
We apologize that our automated trigger orders are currently disabled due to a recent switch in liquidity provider. We are in the process of finding and adding more liquidity providers and are working diligently to bring back this feature. My Digital Money’s Automatic Trigger Orders are designed to allow investors to automate both buying and selling based on predetermined “price triggers”.  For example, you can automatically sell any coins that you own once they’ve dropped to a certain price to avoid any unacceptable losses. Or you can create automated buy orders to purchase more crypto once it hits a certain price, allowing you to maximize your potential gains by “buying the dip”.
Can I Borrow From My IRA Without A Penalty?
Technically, you are not allowed to borrow any funds from your IRA, and any withdrawals made before the maturity date are subject to taxes and penalties. However, any funds that are withdrawn can be repaid within 60 days and will not be taxed or subject to penalties.
How Much Will An IRA Reduce My Taxes?
When you contribute to your traditional crypto IRA, you are able to deduct the full amount contributed from your taxable income. This means that if you’ve earned $100,000 in a tax year and you make the maximum contribution of $6,000 to your IRA, your taxable income will only be $94,000. Th maximum contribution limit is imposed by the IRS and is $6000 – $7000 depending on your age. See your Tax Accountant for your specific situation and guidance.
Who Is My Digital Money’s Custodian?
My Digital Money is not an exchange or custodian, so we do not directly hold your assets. We hold all crypto assets in trust with our custodian, Equity Trust. Equity Trust is a leader in the self-directed IRA industry, with more than $30 billion in assets. Equity Trust is regulated as a South Dakota trust company and complies with all statutes and regulations mandated by the South Dakota Division of Banking. Their financial statements are audited annually by an independent certified public accountant, in accordance with AICPA professional standards.