Most Trusted Crypto IRA Company
4.6/5
- Location: Pasadena, California
- Founded in: 2021
- CEO: Guy Gostlak
- Products sold: Cryptocurrencies, Fractional Metals
- Review: Average review rating of 4.9
- Minimum Investment: $5,000 (can be lower for certain types of accounts)
My Digital Money Review: Introduction
Welcome to our My Digital Money review for 2025. My Digital Money (MDM) is a cryptocurrency trading and investment platform based in California that caters specifically to retirement account owners. The company offers cash trading and crypto IRAs.
It offers a trading platform that has several features and benefits for users interested in both actively trading cryptocurrencies and those interested in holding digital assets for the long term.
Let’s start by taking a look at what a customer say about My Digital Money.
Info On Crypto IRA Accounts:
IRA Custodian Partner
Equity Trust
Annual Fees
None
General Fees:
My Digital Money Fees
- 0.9%-1.9% Transaction fee on trades (see table below)
- $0 No setup fees
- 0.0417% for fractional metals monthly storage fee
Transaction Fee Pricing Tiers
Below you will find the fees you will pay at each respective pricing tier. Please remember – investing in MDM isn’t an ETF. You are buying and storing actual cryptocurrencies with your tax-deferred or tax-free retirement funds.
Tiers |
Transaction Fee |
Tier Amount |
|---|---|---|
|
Tier 1 |
1.90% |
< $25,000 |
|
Tier 2 |
1.75% |
$25,000 – $50,000 |
|
Tier 3 |
1.50% |
$50,000 – $100,000 |
|
Tier 4 |
1.25% |
$100,000 – $250,000 |
|
Tier 5 |
1.00% |
$250,000 – $500,000 |
|
Tier 6 |
.90% |
$500,000 and above |
What Is My Digital Money?
My Digital Money is a cryptocurrency IRA solution that provides secure and hassle-free retirement investment options for Bitcoin and Altcoins.
Founded in April 2021 by Collin Plume and Guy Gotslak, MDM has quickly gained recognition as a leading crypto IRA investing provider. Previously known as Noble Bitcoin, MDM operates as an independent entity, distancing itself from its former parent company, Noble Gold Investments.
With a focus on security, integrity, and customer-first transparency, MDM aims to set a new standard in the Bitcoin and crypto IRA space.
The company recently made headlines by reducing its monthly user fees and introducing a $50 Refer-a-Friend program. However, being a relatively new player in the industry, MDM still has much to prove.
Additionally, as of 2024, My Digital Money offers the option for investors to include precious metals in their digital investment accounts. Through a partnership with Equity Trust, fractional ownership of physical gold, silver, or platinum can be stored with a monthly storage fee of 0.0417%.
FREE Investment Guide!
Pros And Cons Of My Digital Money
Pros Of My Digital Money:
- Crypto Under Your Name: unlike the likes of Coinbase, Binance, and other popular exchanges, the crypto you hold with MDM is under your name only. MDM and its partners are NOT allowed to invest your crypto assets or trade with them.
- Crypto IRA Investments: MDM provides the opportunity for users to invest in cryptocurrencies within any type of retirement account,, including a 401(k), Simple IRA, Traditional IRA, Roth IRA, and Simplified Employee Pension Plan (SEP) IRA.
- Tax Advantages: Investing in Bitcoin or Crypto through a retirement account with MDM can offer significant tax advantages and help users diversify their retirement portfolios.
- Fractional Metals: unlike other crypto trading platforms that only offer digital currencies, MDM offers the ability to own fractional precious metals like gold and silver. This is ideal for those interested in purchasing small amounts of gold and and silver on a regular basis.
- Cash Account: Users can actively trade cryptocurrencies in a cash account, which offers a range of trading tools and order types. This makes it suitable for both beginners and experienced traders.
- Play Money Account: MDM offers a Play Money Account, allowing users to simulate crypto trading without risking real money.
- Referral Program: MDM also has a referral program with cash rewards for referring a friend of family member to open an account.
- Customer Service: MDM provides US-based customer support via phone and email, making it easy for users to get assistance when needed. The platform's customer service is highly responsive.
- Security: MDM emphasizes military-grade security protocols and stores digital assets in Hardware Security Module (HSM) cold storage, which is stored in secure former military nuclear-attack bunkers. This focus on security is reassuring for users concerned about protecting their investments.
- Educational Resources: MDM offers educational content on its website to help users make informed investment decisions.
Cons Of My Digital Money:
- No Mobile App: As of the review, MDM does not offer a mobile app for trading on the go, which may be a drawback for users who prefer mobile access.
- Limited User Reviews: Since it's a relatively new platform (launched in 2021), there are limited user-generated reviews and ratings available. This can make it challenging to assess its long-term performance and user satisfaction.
- Payment Options: While MDM offers multiple payment options, it's important to understand the fee structure associated with each option. Users should carefully consider the fees before choosing a payment method.
My Digital Money - Coins Available
Currently, 20 coins are available to trade with MDM, for both cash and Crypto IRA accounts:
- Bitcoin (BTC): Bitcoin is the pioneer of digital currencies, operating independently without central control, banks, or government oversight.
- Ethereum (ETH): Ethereum is a decentralized, open-source blockchain renowned for its smart contract capabilities. Ether (ETH) serves as its native cryptocurrency.
- Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency and open-source project governed by the MIT/X11 license.
- Bitcoin Cash (BCH): Bitcoin Cash emerged as a cryptocurrency forked from Bitcoin in 2017, offering distinct features.
- Chainlink (LINK): Chainlink's native token powers its software platform, connecting various blockchains with external data sources.
- Uniswap (UNI): UNI is the native token of Uniswap, a decentralized exchange facilitating token trading on the Ethereum network.
- Ethereum Classic (ETC): Ethereum Classic is an open-source platform running on proof-of-work (POW) that was formed in 2016. It operates as part of the Ethereum blockchain and is prevalent in NFT trading.
- Decentraland (MANA): Decentraland is a decentralized 3D virtual reality platform fueled by Ethereum's blockchain.
- Aave (AAVE): Aave is a decentralized finance protocol enabling users to lend and borrow cryptocurrencies.
- Zcash (ZEC): Zcash prioritizes user privacy through advanced cryptographic techniques, distinguishing it from other cryptocurrencies like Bitcoin.
- The Graph (GRT): GRT is an Ethereum token underpinning a decentralized protocol for indexing and querying blockchain data.
- Maker (MKR): Maker is an Ethereum utility and governance token integral to the Maker system's operations.
- Basic Attention Token (BAT): BAT is a blockchain-based system for tracking media consumers, developed for the privacy-centric Brave browser.
- Compound (COMP): COMP is an Ethereum-based token that empowers community governance over the Compound protocol.
- USD Coin (USDC): USDC is a cryptocurrency pegged to the US Dollar, functioning on the Ethereum platform.
- Solana (SOL): Solana, launched in 2020, is a cryptocurrency available on various crypto markets, offering unique features.
- Stellar (XLM): Stellar is a decentralized protocol facilitating digital-to-fiat and cross-border currency transfers, known for its decentralized nature.
- Livepeer (LPT): Livepeer is a decentralized video streaming network built atop the Ethereum blockchain.
- Dai (DAI): Dai is a community-managed stablecoin operating on Ethereum and regulated by Maker DAO, with a soft peg to the US Dollar.
My Digital Money Reviews & Complaints
My Digital Money is shining when it comes to customer satisfaction:
- – The company boosts a 4.9 out of 5-star rating on Google based on 56 customer reviews
- – My Digital Money also has a 5 out 5-star rating on the BBB based on 3 customer reviews
We couldn’t find any complaints about My Digital Money, which is a sign they are doing legit business.
Additionally, My Digital Money’s partner, Noble Gold Investments, has an A+ rating from the Better Business Bureau. And the customer reviews on the BBB site give it a rating of 4.98 out of 5 stars.
Noble Gold Investments has been in business for almost a decade. This confirms that the company has good and strong leadership and that they are a company you can count on.
Conclusion: My Digital Money Review 2025
Overall, My Digital Money aims to provide a secure and user-friendly platform for cryptocurrency trading and investment, particularly for retirement planning.
Its emphasis on privacy and security, along with its educational resources, make it a compelling choice for those looking to enter the cryptocurrency market or diversify their investment portfolios.
However, users should be mindful of the associated fees and conduct their own due diligence before investing.
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Alternative Crypto IRA Company
For investors who aren’t sure whether My Digital Money is the right choice for them and want to look at more options, have a look at our review of one of the best Digital IRA companies in the industry, BitIRA.
