What is My Digital Money? Does it have any outstanding benefits and opportunities that you should not miss out on? Join me in yet another interesting review in which we shall have a look at what My Digital Money is all about. Read on to find out more and if this is your best alternative!
Name of the platform: My Digital Money
Official Website URL: https://www.mydigitalmoney.com/
Overall Rating: (4 / 5)
Important to mention before we go into more details of this review :
We always strongly recommend doing your own research online before you choose a company to invest through. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly before you make your decision.
==> Learn about our Top-5 Recommended Crypto IRA solutions on this page <==
==> Learn about out Top-5 Recommended Gold & Silver IRA companies on this page <==
With that being said, let´s continue with the review on My Digital Money!
What is My Digital Money?
My Digital Money is a platform that facilitates crypto-based IRA investments by offering investors a chance to invest in a variety of cryptocurrency assets. The platform, which has not been around for long, serves USA clients who are out to access cryptocurrency investment opportunities as they build their retirement portfolios. The owners of this platform promise its clients/users that by signing up, they can be assured of:
- Military-grade security
- Helpful wealth-building tips
- Play money account to help them learn how to use the real account.
Simply put, My Digital Money provides you with an easy and safe way to purchase and sell cryptos so that you can preserve your wealth. With the many features availed by the platform, you do not have to look any further as an aspiring or experienced cryptocurrency investor.
Is what the owners of this platform promise good enough, or are they out to hype you up and not deliver on their promise? Let’s start by checking out the services offered so you can get an even clearer picture of what is in it for you.
Services and features offered by My Digital Money
The main offerings on this platform include:
- Trade-in cash or crypto IRA – this allows you to prepare for your retirement more easily by gradually building your wealth
- Stop Loss and Gain/Loss Prompt Feature – with this very important feature, you can know when you are making losses on a real-time basis, depending on the parameters that you’ve set.
- News, Tips & Resources – This platform grants clients access to some of the most recent news and trends as they prepare to invest in cryptos.
- Military-Grade Security – My Digital Money has a partnership with Genesis, hence is capable of offering military-grade security.
- Round-the-clock customer service – You can, at any time of the day, get answers to your questions, and concerns attended to by the customer service reps at My Digital Money.
- Play money account – If you are new to investing in cryptos using a platform such as My Digital Money, then you can make use of this practice account to refine your skills.
Which coins can you invest in through My Digital Money?
This platform allows investors to grow their wealth by investing in some of the highly sought after and recognized cryptocurrencies, including:
- Ethereum Classic
- Bitcoin SV
- Bitcoin Cash
- Stellar Lumens
This platform is constantly improving on its crypto offerings, so you can always check the platform to see if your preferred cryptos are being offered at the time you are deciding to invest in them. The inclusion of all cryptos to this platform may take time, but you can always check out whether the available options are good enough for you as well.
How to open a My Digital Money Account?
The process followed when opening a My Digital Money account is similar to that of opening an online brokerage. For starters, you must fulfill the following requirements:
- Be above 18 years.
- Be a U.S. citizen.
- A legal U.S. address.
During the account-opening process, you be asked to provide the following information about yourself:
- Your legal name
- Contact details such as your phone number and address
- Date of birth
- Your social security number (SSN)
The above details are collected by the owners of the platform to ensure that a high level of security is maintained as they serve each client. The maintenance of this high level of security goes a long way into ensuring that only secure transactions are done on this platform since there are no unauthorized users who can open accounts.
The minimum investment and fees charged
As you sign up for My Digital Money, you should know that you will have to meet the minimum investment requirement of $1000 for crypto-IRA investments, and $500 for non-IRA investments. Besides that, you should expect to pay some fees, including the ones below:
- Transaction fees – this platform mainly charges the following fees under this category:
- Custodian fees – 0.75%
- Platform transaction fees – 2.15%
- Standard fees – the standard fees that clients must pay include:
- Account setup fees – $50 charged on a one-time basis.
- Account maintenance fees – $29.99
The fees charged on this platform cover the services offered. Clients who pay the fees can expect to use the platform smoothly, as they access:
- A wide variety of investment features
- All administrative services
- Customer service
- Technical maintenance
Where are the cryptocurrencies that I invest in stored?
As earlier highlighted, My Digital Money has partnered with Genesis, a company that is known for its superior security solutions in the storage of cryptocurrencies. Your cryptos will, as such, be stored using cold storage wallets, which are all stored in an ex-nuclear military bunker to ensure that they are all safe from theft and damage. In addition to that, the crypto wallets have multi-layers security and are insured by top-notch underwriters such as Lloyds of London.
Is My Digital Money good for me? (Who is my digital money good for?)
This platform is an excellent option for anyone who wants to invest in cryptocurrencies but is concerned about the security of their bio-data and financial details. My Digital Money offers high-level security integrations that guarantee the safety of clients’ details and investments.
Beyond that, there is a high level of support and service, which should give you the much-needed confidence to invest and utilize this platform’s features.
Is My Digital Money Genuine or is it a Scam?
My Digital Money is a genuine platform that US citizens can rely on as they dip their feet into the cryptocurrency waters. The main benefit of turning to this platform is the high-level security offered to investors who are very cautious and would not want their attempt to earn an income through investing in cryptos to turn to tears. There are several reviews on consumer trust sites that all point to My Digital Money being a reliable platform.
Unfortunately, there are no client reviews on third-party consumer trust sites to help us understand what the user experience is like, but this doesn’t rule out the fact that this platform is legit. The good thing is that the platform also offers clients the chance to create a play money account, through which they can figure out how to use the real account.
Pros and Cons
- High-level security offered
- A play-money account is offered
- Round-the-clock customer service
- Plenty of educational resources and materials
- High-risk investing options offered may not be good for everyone.
- You may need to take some time to learn how this platform works.
Do You Own or represent My Digital Money?
If you are a representative, or associate of My Digital Money and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org
Final Words and Verdict
Overall Rating: (4 / 5)
I generally think that this review gives a good account of what you can expect from My Digital Money. The platform is legit and reliable, though you may need to reach out to its support staff to see what you stand to gain, more so if you plan on investing a huge amount of money. It is good that you make the decision based on your own perspective and views so that you do not end up regretting being misinformed. Overall, however, I think that My Digital Money is genuine and worth using, for those who would like to invest more than $1000 in cryptocurrencies, to secure their financial future in their retirement years.
OR maybe you are interested in another alternative asset:
I hope that you found this review on what My Digital Money is helpful and that you now know what’s in it for you. If you have any questions about this platform, kindly drop them in the comments section so that I can respond to them ASAP and help other readers as well.
I wish you well,
Eric, Investor and Team Member at Gold Retired!