My Digital Money allows individuals to store, buy and sell various cryptocurrencies. It also provides potential investors with a convenient and secure way to manage their digital assets.
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My Digital Money
Pros:
- Military grade cold storage
- No monthly or account fees
- US customer support
- 24/7 trade
Cons:
- Limited cryptocurrency options
- Must Trade inside Your IRA
Are you looking to increase your retirement savings but are unsure where to begin? My Digital Money (or MDM) is a legit, simple-to-use, and secure cryptocurrency trading platform that makes investing in digital assets accessible and easy for everyone.
MDM reviews by Forbes, CNBC and MarketWatch deem this company worth investigating. I am here to support their claims.
This MDM Review will discuss how MDM can help investors like myself diversify their long-term portfolios by using crypto. MDM makes it easy to invest with crypto. It has a stellar customer service team, strong security features, and many investing options.
What is my digital money?
My Digital Money, a crypto IRA platform, offers intelligent investment options such as standard trading accounts and crypto IRAs. It also boasts unparalleled military-grade security features.
MDM was established in April 2021. It has since grown to be one of the most talked-about and respected crypto IRA investing platforms.
The company was founded by Collin Plume, Guy Gotslak and has the mission of making cryptocurrency investing accessible, transparent, and easy.
The platform is user-friendly and allows you to rollover a 401k or transfer an IRA to an Equity Trust crypto IRA account that's funded with digital currencies like Bitcoin and Ethereum.
How my digital money works
My Digital Money is a digital trading platform. It assists first-time investors in opening a crypto IRA and a standard trading account. This platform makes trading simple and easy.
You can sign up to transfer funds via ACH or roll over your 401k. To diversify your investment portfolio, trade safe assets like Bitcoin and Ethereum.
Investors can choose to invest in crypto or fractional metals. This includes physical silver, gold and platinum.
MDM is stress-free and free of setup fees.
My Digital Money Features
My Digital Money offers many features that make it easy to invest in cryptocurrency, both for novices and experienced investors.
These security features are part of the impressive trading platform:
- Hardware security modules with multilayers
- Genesis Custody, a global leader in digital security, has entered into a partnership.
- Cold storage offline, tamper-resistant and indecommissioned nuclear bunkers
- Your digital assets are covered by A-rated insurance.
MDM offers two types of insurance policies that protect your investment portfolio. They cover between $100 and $600 million for theft, damage, or destruction, as well as internal or external loss.
MDM provides automated crypto trading, standard trading account and play money accounts in addition to iron-clad security. Find out more about each one below.
Automated crypto trading
Automated crypto trading with My Digital Money is easy to do through My Digital Money. Automated trigger orders can help you minimize losses and maximize your potential gains.
To protect your retirement savings, the stop-loss function allows you to minimize losses in your brokerage and crypto IRA accounts. This valuable feature allows you to automate your average down, which results in a lower average coin cost.
Standard Trading Accounts
MDM is most well-known for its ability to help investors trade in cash for cryptocurrencies like Bitcoin and invest into a crypto IRA. However, the impressive trading platform allows users to trade outside of their crypto IRA using Standard Trading Accounts.
Standard Trading Accounts don't provide the same tax-free benefits that IRA trades. MDM keeps all digital assets and currencies in a safe trust. MDM can't borrow, leverage, or lend assets in any circumstances.
Play Money Accounts
It can be difficult to invest in cryptocurrency. However, signing up for MDM through a Play Money account can help. You don't even need to provide your credit card information. There's no risk of your account being charged until you are comfortable with the platform.
Play Money Accounts allows new users to tour the platform and test the intuitive features. You can easily invest in Bitcoin, Ethereum and other popular cryptocurrency with real-time prices, without having to risk a dime.
MDM Fees and Minimums
| Cash Accounts | Crypto IRA |
|---|---|
| Transaction fees: 2.15% | Transaction fees: 2.15% |
| Custodian transaction: 0.75% | Custodian transaction: 0.75% |
| Setup fee: $0 | Setup fee: $50 |
| Wire or funds transfer: $30 | Wire or funds transfer: $30 |
| Termination fee: $75 | Termination fee: $250 |
| Minimum investment: $0 | Minimum investment: $1,000 |
How does my digital money compare?
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My Digital Money
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Bitcoin IRA
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iTrustCapital
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4.0
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5.0
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4.5
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Minimum investment:
$1,000
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Minimum investment:
$3,000
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Minimum investment:
$1,000
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Fees:
$50 setup fee and 2.15% transaction fees, 0.75% custodian charge
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Fees:
3.99% setup fee, 2% trading fees, 0.08% maintenance charge
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Fees:
1%
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Promotion:
$50, or a free NFT for new qualified accounts
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Promotion:
No current promotions
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Promotion:
No current promotions
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Minimum investment:
Fees:
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Fees:
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Who should use my digital money?
My Digital Money is an excellent investment platform that allows anyone to add digital assets and fractional metals into their portfolio. Many traders sign up using their retirement account (IRA or 401(k).
Investors can trade cash for crypto via ACH, however. MDM offers exceptional customer service and the best-performing cryptos, as well as military-grade security features.
MDM: How to Get Started
MDM makes it easy to open an account. To open an account on this popular crypto IRA investment platform, follow the steps below.
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Register an account
- Transfer funds from your IRA and 401(k).
- Trade in real-time
MDM offers excellent customer service, zero monthly transaction fees, U.S.-based support, military-grade security, and free Play Money accounts.
Do I need to invest with my digital money?
Anyone who is looking to gain a tax advantage and expand their investment portfolio with My Digital Money is an excellent investment choice. To ensure your retirement savings are protected in the event of a market crash, it is better to invest in strong cryptocurrency cryptocurrencies than in traditional stocks.
MDM's crypto-exchanges are a great place to trade currencies. I am always impressed by the customer service, the variety of alternative investments, and the intuitive features such as automated trading.
Open an account with MDM today to start investing in crypto, gold, silver, and platinum through one platform.
You'll enjoy tax benefits and no monthly fees, regardless of whether you have a crypto IRA or Bitcoin IRA.
FAQs about My Digital Money
Find out more about trading cryptocurrency on mydigitalmoney.com by answering these frequently asked questions.
Is My Digital Money a legal company?
Yes. MDM is a legal company that allows users invest in digital currencies. Users can also put digital assets into trusts to expand their investment portfolios.
MDM has a 100% safety score on Scam Detector. They provide military-grade security and insurance policies that will ensure your crypto IRA investments remain safe from theft, damage, and cyberattacks.
Who is the owner of my digital money?
The MDM platform and mobile application are owned by Collin Plume, Guy Gotslak, and Guy Gotslak. Users who open accounts with MDM have full control over their cryptocurrency investments.
Are there any pending lawsuits against My Digital Money?
MDM does not have any pending or past lawsuits. There are also no complaints regarding this online crypto investment platform.
Where can I find my digital money?
My Digital Money, a U.S.-based business located in Pasadena (California), is owned by My Digital Money. MDM is open Monday through Friday at 1 South Fair Oaks Ave. Suite 200-B Pasadena CA 91105.
My Digital Money
My Digital Money allows you to purchase digital assets from an IRA platform. It is tax-advantaged and self-directed. Register today.
CFTC
How To
The History of Gold as an Asset
From the ancient days to the early 20th Century, gold was a common currency. It was widely accepted around the world and enjoyed its purity, divisibility and uniformity. Aside from its inherent value, it could be traded internationally. There were different measures and weights for gold, as there was no standard to measure it. For example, one pound sterling in England equals 24 carats; one livre tournois equals 25 carats; one mark equals 28 carats; and so on.
The United States began issuing American coin made up 90% copper, 10% zinc and 0.942 fine-gold in the 1860s. This resulted in a decline of foreign currency demand and an increase in the price. At this point, the United States minted large amounts of gold coins, causing the price of gold to drop. The U.S. government needed to find a solution to their debt because there was too much money in circulation. They decided to return some of the gold they had left to Europe.
Many European countries didn’t trust the U.S. dollars and started to accept gold for payment. However, after World War I, many European countries stopped taking gold and began using paper money instead. The price of gold rose significantly over the years. Even though the price of gold fluctuates, it remains one the best investments you can make.
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By: Donny Gamble
Title: My Digital Money Review: Is it a Legit Crypto IRA Platform?
Sourced From: retirementinvestments.com/crypto/my-digital-money-review/
Published Date: Fri, 17 Mar 2023 01:46:00 +0000
