My Digital Money Review

Donny Gamble
December 22, 2021
Personalincome rating

My Digital Money offers an excellent trading platform, military-grade encryption, and cold storage to keep your crypto as safe as possible.

Their entire service revolves around their stop-loss and auto-order feature, which is something plenty of other crypto IRAs could really take note of.

My Digital Money Logo
on My Digital Money's website
My Digital Money
2.9% per trade
Investment Minimum
$1,000 ($0 for cash trading)

$50 or a free NFT to new qualified accounts

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The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

While they have an excellent collection of educational material, the main benefit to My Digital Money is in their security and their trading platform.

You’re subject to fees that can range around 2.90% in total, but your custodian services and the level of encryption you get are beyond worth it.

Overall, My Digital Money is a promising new service for crypto IRAs and crypto trading in non-IRA cash accounts. You can choose how you invest, no matter what.

Pros & Cons

  • Military-Grade security
  • Transparent fees
  • Crypto IRA or trade in cash
  • US-Based company with $20B in assets
  • Platform is dense, so first-time investors will have to learn the ropes.
  • No clear vision for innovation/anything beyond what the platform is now.

My Digital Money is a crypto IRA and crypto non-IRA trading platform and service with an emphasis on security.

While their firm is young, My Digital Money understands the pain points that investors face, and designed a platform to combat them.

With knowledgeable specialists and top-tier customer service on standby, they give you the tools, the guidance, and the security to put your future in your own hands.

About My Digital Money

There was a major gap in the market, and that’s why My Digital Money was founded. They wanted to secure that space in between security and accessibility, all while being intuitive and friendly for all users and investors.

Many of these platforms seem to copy one another and not provide anything new, but with military-grade encryption and a cold storage partner that handles tens of billions in assets, where’s the competition?

My Digital Money Services

  • Cold Storage: Secured cold storage for all your crypto means you never have to worry about hackers breaking into the blockchain.
  • Military-Grade Encryption: Best-in-class military-grade encryption acts as your best wall of defense against the uncertainty of the web.
  • US-Based Customer Service: No overseas support teams; everyone you reach understands your pain points. My Digital Money doesn’t outsource customer service to third-party companies.
  • 24/7 Trading Platform: The ability to trade whenever you want, and build your portfolio at any time of the night is an excellent tool to have in your arsenal.
  • Play Money Market: Before you actually get involved in crypto trading, you can use their Play Money to toy with actual market movement in a completely hypothetical environment, allowing you to learn all about how the market moves without any real risk.

My Digital Money Fees & Costs


Investment Minimum


Crypto IRA


2.9% per trade



Depends on your crypto wallet

  • Super Low Minimum Investment: You only need $1,000 to get started, or $0 for non-IRA accounts. That’s obscenely low and allows just about anyone to become an investor in their own financial future.
  • Platform Transaction Fees: This runs at 2.15% (a very specific amount), and is coupled with their custodian transaction fees as well.
  • Custodian Transaction Fees: 0.75% on every single transaction, since the crypto will be transferred to cold storage.

Is My Digital Money Right for You?

They feature just about everything that a new investor could want. Analytical information, a 24/7 trading platform, and top-tier customer service are all a fantastic combination to entice any new investor or seasoned investor that’s looking to switch platforms.

While they’re great for newcomers, they have so many other major benefits that can attract any type of investor. My Digital Money is right for anyone looking to secure their future in a crypto IRA.

My Digital Money FAQ's

Is My Digital Money trustworthy?

My Digital Money is new, but they’re already partnered with Equity Trust (a custodial service) that holds over $30B+ in assets.

While they are the youngest crypto IRA program we’ve reviewed so far, all signs point to this being a trustworthy platform built on an excellent foundation. We’ve heard nothing to the contrary.

How long has My Digital Money been in business?

Only since May of 2021! It’s a newer platform, however My Digital Money is not a new business, just their crypto side of things.

Their platform touches on all the pain points that we typically see in other platforms. Because they wanted to make sure their service was intuitive from the start, it took a while to get the ball rolling, but don’t worry—there’s plenty of experience and leadership behind this startup.

Which types of retirement accounts can I rollover to My Digital Money?

As far as we can find, any account. A Roth IRA, simple self-directed, 401(k); anything. Account specialists at My Digital Money will help you with your rollover process. Typically, this can take about five days up to two weeks (all business days).

The support through the entire process is fantastic. My Digital Money makes the process as stress-free as possible, so you can focus on your investments and your financial future instead of worrying about fees and transaction wait times.

What type of storage does My Digital Money use?

Cold storage, which is the absolute best option to keep your crypto safe. Cold storage is done completely offline, so your cryptocurrency can’t be subject to hackers or anyone trying to breach the security of a blockchain network.

Their custodians keep your crypto safe in maximum security areas, so the physical offline devices that hold your blockchain code are under lock and key the entire time. You never have to worry about a thing.

Does My Digital Money offer any type of insurance on my crypto?

Yes, you’re completely insured thanks to the cryptographic security system in place. Everything is insured by Lloyd’s of London as a backup, but before it even gets to the point of needing to worry about insurance, you’ll be able to rest assured with My Digital Money’s layers of security.

You’re backed up on your crypto, but wouldn’t it be nice if there was no security breach to worry about in the first place? My Digital Money has some of the best security features, hands down, so you’re protected at every level of your investment.

Compare to Other Companies

Bitcoin IRA logo
Custodial Setup Fee waived
iTrustCapital logo
1% per trade
$100 in free Bitcoin
BitIRA logo
Free Ledger for new customers

My Digital Money

My Digital Money is a self-trading crypto platform that allows investors to buy and sell cryptocurrencies inside of their retirement accounts.

  • My Digital Money
  • Rating: 4
  • Reviewed by:
  • On December 22, 2021
  • Last modified:March 25, 2022

Review Summary:

My Digital Money is a self-trading crypto platform that allows investors to buy and sell cryptocurrencies inside of their retirement accounts.

Review of: My Digital Money

Reviewed by:
On December 22, 2021
Last modified:March 25, 2022


My Digital Money is a self-trading crypto platform that allows investors to buy and sell cryptocurrencies inside of their retirement accounts.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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