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 FundsBitira is a “self-directed” individual retirement account (IRA) that provides 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.”
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https://news.bitcoin.com/retirement-custodian-bitira-offers-insured-multi-cryptocurrency-iras
