Noble Bitcoin
1 S Fair Oaks Ave #207
Pasadena, CA 91105
Products Available:
Best for New Investors
- Top Ranked Bitcoin IRA
- Low Annual Fees
- Outstanding Service
- Excellent Customer Reviews
The thought of getting exposure to the cryptocurrency market through your IRA is exciting. Apart from being able to enjoy favorable tax treatment, a Bitcoin IRA allows you to diversify your portfolio in a market that is expected to grow.
Although it is legally possible to get exposure to Bitcoin and other crypto-assets while using your IRA, you will be lucky if your retirement account allows it. Most IRA firms do not offer self-directed IRAs that let you invest in any asset under the law apart from those sold by the IRA Company.
Noble Bitcoin, however, solves this problem with a simple self-directed cryptocurrency IRA offering with instant access to top-ranking cryptocurrencies. All this is done according to law as Noble Bitcoin is a licensed IRA custodian.
This Noble Bitcoin review includes a detailed overview of the company and its limitations as well.
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Who is Noble Bitcoin?
Noble Bitcoin is the cryptocurrency arm of Noble Gold Investment (a precious metal IRA firm). They were funded 3 years ago by a team of experts with an acute understanding of digital currencies in an economic recession.
Despite Bitcoin’s volatility, serial entrepreneurs and market watchers like Richard Branson and Bill Gates agree that digital currencies can change the world.
Noble Bitcoin has therefore taken it upon itself to offer a service that allows IRA holder freedom from banks in a legally compliant and secure way.
Since the cryptocurrency market is still in its nascent stage, regulatory uncertainty has been a common theme.
IRAs, however, are not limited to mutual funds, stocks and other popular asset classes. Sure the IRS does not explicitly endorse Bitcoin, but since the 2014 declaration of Bitcoin as property, it is now broadly accepted that Bitcoin does not fall under the asset classes prohibited by law.
The possibility of combining Bitcoin (a high-profit asset) with a tax-free IRA has brought about an explosion of offers from different firms. Some of these firms take advantage of unsuspecting investors, with false claims of being IRS-approved.
Also, most crypto IRA firms come with hefty fees that discourage investors.
Noble Bitcoin offers a simplified and transparent process of getting exposure to the cryptocurrency market with your IRA funds.
Born out of the frustrations of dealing with dishonest and expensive Bitcoin IRA offerings, the executive team that founded the company created a legally safe and easy way to buy Bitcoin and other cryptocurrencies using IRA funds.
The Founding Team
Charles Thorngren // CEO
Charles Thorngren, the CEO of Noble Bitcoin, is a seasoned financial and investment expert with experience that goes as far back as 1995. After starting his career in the stocks and bonds industry, Thorngren went on to develop his investment company in the investment banking industry.
He later ended up in real estate, precious metals, and other alternative assets industry. As the CEO, Thorngren brings to the table a wealth of expertise in understanding the significance of digital currencies in global economic downturns.
Thorngren has had enough skin in the game such that at one time, his client value caught the attention of a “Fortune 500” finance house.
Collin Plume // President
Collin Plume, the president of Noble Bitcoin boasts of over fifteen years of experience in commercial real estate, property insurance, and the precious metal investment industry.
As a finance and economic expert, Collin Plume has advised clients on asset management and strategy even during the Great Recession. After studying what the next financial crisis would look like, Plume discovered the lasting value of alternative assets like precious metals and cryptocurrencies.
An Overview of What Noble Bitcoin Offers
Noble Bitcoin is a licensed IRA custodian that provides a trusted cryptocurrency IRA service.
The firm is capable of rolling over your IRA in a simple step by step process that takes less than five minutes.
While making any form of cryptocurrency investment (especially if you are a non-technical person) can be a challenge, Noble Bitcoin’s interface is easy to use and the process of legal compliance is easy as well.
From any location in the world and with any device, Noble Bitcoin gives you access to top-ranking cryptocurrencies like Bitcoin, Ripple, Ethereum and Litecoin all under a self-directed account.
Although the selection of cryptocurrencies you are exposed to is not as comprehensive as their competitors, what you get is a list of the most reliable crypto-assets currently in the market.
Also, every compliance issue is taken care of throughout the entire process and all you have to do is deposit funds and trade cryptocurrencies.
For the security of your funds, Noble Bitcoin IRAs are stored with BitGo, a third party company, to provide multi-signature cold crypto wallets. This has been the missing piece in the financial services aspect of cryptocurrencies.
BITCOIN
ETHEREUM
LITECOIN
RIPPLE
What are the Costs & Fees?
Compared to existing options, Noble Bitcoin fees and investment minimums are excellent. To begin with, opening an account is free, however, you will be charged an annual fee of $225.
This amount is used to cover the compliance and maintenance costs of your account.
The minimum deposit for a crypto IRA with Noble Bitcoin is set at $10,000, however, you can start from as little as $3,000 if you are making non-IRA transactions.
Rankings, Complaints & Customer Reviews
Even though Noble Bitcoin has only been around for 3 years, the company enjoys a high rating from its customers and other independent ranking platforms.
For example, with zero complaints on the Better Business Bureau, Noble Bitcoin gets an A- rating which is quite commendable for a young company.
Furthermore, since its launch, Noble Bitcoin reviews have had a history of receiving five-star ratings on TrustLink.
What are the Pros & Cons?
Pros
Cons
Should You Open an Account with Noble Bitcoin?
If you are looking to keep your wealth intact in the middle of a global economic downturn, the best alternative is to invest in a cryptocurrency IRA.
However, it pays to be cautious as you do your due diligence to find a perfect fit for your needs.
One of the best ways to identify a trustworthy cryptocurrency provider is to check whether that provider offers insurance. On top of its offer of BitGo’s cold storage wallets, Noble Bitcoin also offers up to $9 million insurance in case of a security breach.
Despite the few cons, the company offers a reliable solution for anyone eager to invest in a Bitcoin IRA.
Get Your FREE Bitcoin IRA Guide!
Learn How to Rollover Your IRA or 401(k) Into Bitcoin
Jinia Shawdagor is a fintech writer passionate about cryptocurrency, blockchain, and iGaming. She has been writing professionally since 2013. When she’s not writing, Jinia loves traveling and feels joy from the little things in life.
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