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My Digital Money is another IRA provider that offers customers the ability to trade in cash.

The U.S.-based platform is younger than many of its counterparts on this list, having launched in April 2021. Thus, investors should exercise more caution regarding My Digital Money compared to its rivals, especially as so little information is available on the company.

Additionally, My Digital Money is partnered with Genesis Capital. Genesis is a crypto lending platform that filed for bankruptcy in January after getting caught up in the contagion that followed the spectacular collapse of crypto exchange FTX.

Genesis currently serves as My Digital Moneys liquidity provider, meaning trades are routed through its platform. Importantly, My Digital Money confirmed that Genesis does not have custody of My Digital Moneys customer assets.

However, it is certainly a point worth mentioning and a stark reminder of the importance of security and asset storage in the opaque world of cryptocurrency.

My Digital Money has also advised it is seeking a new liquidity provider, an unsurprising development given the mere presence of the Genesis name will likely cause most customers to look elsewhere in light of recent events.

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Best bitcoin IRAs of April 2023 USA TODAY Blueprint - USA TODAY