I’ve always been an avid player in the stock markets and various other areas of conventional IRAs. But I’ve come to realize that times are changing, and shrewd investors need to adjust accordingly.
After years of investing, I have found individual retirement accounts (IRAs) to be one of the most reliable conduits of retirement savings. While doing some research on how to kickstart my retirement savings, I stumbled upon Crypto IRAs and the huge benefits it can offer the right investor.
As I was doing my due diligence, I realized that Regal Wallet stood out on top among its competitors.
This crypto IRA enjoys the best possible scores from all the major assessment agencies and offers some of the best investment features around.
Here is my personal, but earnest Regal Wallet review.
What is Regal Wallet?
Regal Wallet is a service operated by Regal Assets, a legendary precious metals investment company that has, for many years, pioneered the IRA management industry. It was established in 2009 by a then-young entrepreneur, Tyler Gallagher.
His goal was to establish a simplified platform that offered a breath of new life into the precious metals investment world. He thought the industry suffered from questionable dealings, red-tape bureaucracy, and lack of transparency.
Regal Assets decided to offer Regal Wallet as an expanded service to also make it possible for its clients to invest in the highly lucrative world of digital currencies.
Regal Wallet can, therefore, be considered a digital asset account sale and a storage service, hence ‘wallet.’
An Overview of What Regal Wallet Offers
The basics of Regal Wallet are pretty straight forward, but you’ll need to have a basic understanding of cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, and Ethereum, etc.
Now that the IRS has defined cryptocurrencies such as Bitcoin as ‘property,’ you can now have crypto in your registered Regal Wallet. Regal Assets will allow you to add a variety of digital cash (altcoins) into your investment portfolios or into your retirement account.
Regal Wallet also allows investors to set up a ‘cold wallet’ that is completely secure, hacker-proof, and immune to regulatory confiscations. This not only ensures that your cryptocurrencies are safe from cyber thugs, but also your digital assets can’t be confiscated in case of legal changes regarding cryptos.
Although Regal Wallet was only introduced in the IRAs market in 2017, it is today broadly recognized as one of the best, if not the best. Interestingly, Regal Assets teamed up with the custodian Kingdom Trust and a renowned crypto exchange Coinbase.
In fact, these Bitcoin IRA accounts come with $200 million in insurance protection by Lloyd's of London, one of the biggest insurance companies in the world. They also come with lifetime account management support and the ability for clients to diversify their holdings into more than 30 different digital assets.
If you are interested in tapping the potential of the highly lucrative crypto world, Regal Wallet offers you a simplified and transparent process of getting exposure to the cryptocurrency market with your IRA funds.
What are the Costs & Fees?
You’ll be required to deposit a minimum of $10,000 after opening your account in order to activate it.
At a minimum, each account holder is also required to purchase $5,000 per cryptocurrency.
For all retirement accounts, you'll have to pay yearly fees of $240, but Regal Assets completely waives your first-year dues.
Rankings, Complaints & Customer Reviews
Regal Assets has been a leader in the provision of precious metal IRAs, having maintained the highest rating profile in the industry for ten years straight.
Its dealings and strengths have been recognized in prominent platforms such as Forbes Magazine, Smart Money, The Street, Reuters, and Bloomberg Businessweek.
In the financial category, Regal Assets was also ranked number 20 in the United States by the well-known INC 500 thanks to its efficient and reliable business dealings.
The company has credited its marvel record growth to persistently concentrating on making the clients’ first priority in every transaction.
In fact, the company has done asset management so magnificently that it has received an AAA rating with the Business Consumer Alliance (BCA) and a 5 star rating with TrustLink, some of the most reputable rating bodies.
What are the Pros & Cons?
Pros
Cons
Should You Open a Regal Wallet Account?
Today, cryptocurrencies are recognized not only as currencies, but also as valuable assets like gold and diamonds. However, in comparison to most precious metals, the value of Bitcoin and other digital currencies could be significantly undervalued at the moment.
This gives you a golden chance to invest and reap the benefits in the foreseeable future.
For instance, a $200 IRA investment in Bitcoin in 2011 would have been worth nearly $1,500,000 today.
More and more businesses and people are continuing to use cryptocurrencies in the digital age since they are broadly considered as the ‘currencies for the future’.
Besides, the supply of a cryptocurrency like Bitcoin is capped at 21 million, which means that there is a finite supply that exists.
With limited supply comes increased value, and a great chance for astute IRA investors to take the plunge. Being completely decentralized, and underlined by blockchain technology, this asset is free from central bank manipulation and regulatory policies.
This makes it wise to include cryptos in your investment portfolios in 2020 going forward.
Most Regal Wallet reviews give it the highest industry ratings, separating it from most of its competitors. Here, you also have the ability to diversify your investments in physical bullion.
This means that you can not only invest your IRA in a variety of cryptos but can diversify to physical assets such as gold and silver.
How to Get Started
Regal Wallet makes it absolutely easy for new IRA investors to open their crypto accounts. There are only four steps.
First, fill in a Bitcoin IRA form and submit. The company then sets up your account in 24 hours.
After that, you will have to fund your account.
Next they will load your wallet and put your digital coins in cold storage.
The company’s approach to crypto storage is virtually flawless in terms of security, dependability, and safety of your digital assets.
Final Thoughts
Regal Wallet comes with the highest level of security and a wide selection of coins to make this a reality for you.
Apart from high account minimums and lack of educational resources, this platform would receive an easy 100% score.
Regal Wallet is probably the best, if not the ultimate best in the crypto IRA industry. They have received the best ratings thus far since they started, and their efficiency is effectively second to none.
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.
Leave a Reply