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My Digital Money Review [Updated for 2022] - Pros & Cons

My Digital Money Review

4.5/5
4.5/5 Rating

Minimum Purchase Required: $1,000

One-time Setup Fee: $50

Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed. The owners of this website may be paid when you complete a form, click a link or call a phone number. The content on this website, including any positive reviews, may not be neutral or independent.

Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

Our content is intended to be used for general information purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers.

Crypt IRA Investments With My Digital Money

If you're looking for an introduction to My Digital Money and what they offer investors, or if you're curious about crypto IRAs in general, then this is the post for you. Here we'll discuss what MDM is, how their platform works, and some of the benefits of using their services. We'll also touch on some of the key features that make MDM stand out from other crypto exchanges.

  • MDM is a crypto exchange that offers investors a variety of options when it comes to setting up a crypto-based IRA.
  • Their platform is easy to use and provides all the tools needed to make informed investment decisions.
  • Some of the benefits of using MDM include tax-free or tax-deferred profits on digital asset investments, as well as a wide range of order types to help limit risk or take profits.

As more and more people look to digital assets as a way to invest for the future, the need for platforms like My Digital Money becomes clear. MDM provides investors with a way to set up a crypto IRA and take advantage of the many benefits that come with investing in digital assets. Some of these benefits include tax-free or tax-deferred profits, as well as a wide range of order types to help limit risk or take profits. In addition, the platform is easy to use and provides all the tools needed to make informed investment decisions.

For those who are new to investing in digital assets, My Digital Money is a great option to consider. Request your free info kit here!

My Digital Money Pros

Are you looking for a crypto IRA platform that offers you the security and features you need to make informed decisions about your investments? My Digital Money is exactly what you are looking for. Here are some of the key benefits of using our platform:

Our platform offers you security and features you need to make informed decisions about your investments. Here are some of the key benefits of using our platform:

  • The MDM platform allows beginning traders to trade cryptos virtually in a practice trading account. This feature is an excellent way for a novice to get familiar with crypto trading. It also allows seasoned traders to test out new strategies they are considering, including in their trading plans.
  • You can closely monitor your positions and receive profit/loss prompts for your portfolio in real-time right on your dashboard. MDM's platform also provides a useful chart of the net gain or loss on your entire portfolio.
  • In addition to traditional stop-loss and limit orders, you can enter a "trigger" order. A trigger order lets you take a profit once your digital asset's price has reached your target level, without involving the added risk of a partial or missed execution. Once your target level trades, a market order is triggered that executes your order in full at the prevailing market price.
  • Regarding security, MDM has partnered with Genesis Custody, a global leader in digital asset markets, to provide unparalleled military-grade security for your crypto investments. MDM features Hardware Security Module (HSM) cold storage, which is offline storage in former military nuclear-attack bunkers. This offers one of the most secure cryptocurrency storage methods available in the digital asset space.
  • As an MDM client, you also have the advantage of multiple security levels to prevent unauthorized access to your digital assets. Genesis Custody provides MDM with $600 million in vault insurance to protect client assets from physical loss, theft, or damage. One major advantage of MDM’s excellent customer service is that it can help you recover your account if you forgot your password without compromising its security.

Sign up for a free account today and see how easy and convenient it is to trade cryptocurrencies with My Digital Money.

My Digital Money Cons

We have good news and bad news. The good news is that My Digital Money has an A+ rating from the Better Business Bureau, with excellent customer reviews. The bad news is that there are no complaints about My Digital Money, which may mean that not many people have used it yet.

However, we believe that My Digital Money is a great choice for investors seeking help on crypto IRAs, as Equity Trust, the company's partner, has been in business since 1983 and is a leading gold IRA custodian.

Plus, Personalincome.org rates My Digital Money with 4 out of 5 stars, saying the platform can be difficult to learn but noting its concierge-style customer service. Retirement Investments also gives My Digital Money 4.5 out of 5 stars.

If you're looking for help on your crypto IRA, then we recommend giving My Digital Money a try!

My Digital Money Fees

Are you looking for help with your crypto IRA? Do you want to know more about My Digital Money? Here are some things you should know:

  • My digital money does not have a monthly fee, but there are fees for its cash account and crypto IRAs.
  • The cash account has no setup fee, but you will need to pay a platform transaction fee of 2.15% and a custodian transaction fee of 0.75%.
  • Crypto IRA: Setting up a crypto IRA involves a one-time setup fee of $50, and you'll pay the same transaction fees as with a cash account.

The platform transaction fee covers MDM's comprehensive services, which include its investment features and in-person customer care. Keep in mind that the investments offered via MDM are not exchange-traded funds (ETFs) but actual cryptocurrencies.

MDM has three payment options: you can pay directly from your IRA, from your bank account, or using your credit card. For more information on MDM's fees, you can click this link or the image below.

 

my digital money .com fees

 

In Conclusion

A growing number of people trade, invest in, and make payments using cryptocurrencies, which are still considered alternative investments. With its easy-to-use platform, high security of crypto asset storage, and excellent educational and crypto news resources, MDM gets an unusually high 4.5-star rating. One downside of MDM is that it still does not have a mobile app; however, users can access its platform online via an Internet browser on their cell phones, tablets, and desktop computers.

Download This FREE Crypto Investment Guide!

Invest in crypto through your IRA or trade in cash? Determine what’s the best crypto investment strategy for you through MyDigitalMoney.com's Crypto Investment Guide. You will also learn the history and potential of crypto, understand the functions and purposes of Bitcoin and other cryptos, and get valuable crypto investment tips.