My Digital Money Review: Honestly The Best?

In the ever-evolving world of cryptocurrency investing, security and privacy are paramount concerns for investors. My Digital Money (MDM) is a relatively new player in the crypto IRA space, launched in April 2021. However, it is backed by a management team with extensive experience in the cryptocurrency and alternative investing industry. In this comprehensive review, we will delve into the features, benefits, and drawbacks of MDM, examining its security protocols, investment options, and customer reviews.

The Background of My Digital Money

MDM is the brainchild of Collin Plume, the CEO and founder of the company. Plume is no stranger to the investment world, as he also founded Noble Gold Investments, a reputable player in the gold IRA sector. With years of experience under his belt, Plume brings a wealth of knowledge and expertise to MDM. The company’s management team includes seasoned economists and professionals who have been featured in prestigious outlets like Forbes and CNBC.

Investment Options: Cryptocurrencies and Fractional Metals

As a crypto IRA company, MDM provides investors with the opportunity to invest in a wide range of cryptocurrencies. The current list includes popular options like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), among others. The company aims to strike a balance between popular demand and promising projects, regularly updating its offerings to reflect market trends.

In addition to cryptocurrencies, MDM offers a unique feature called “fractional metals.” This allows investors to include fractional amounts of precious metals, such as gold and silver, in their digital investment accounts. Unlike other companies that offer digital representations of metals, MDM prioritizes ownership of physical metals, making it more accessible and affordable for retirement investors.

Security: A Top Priority

One of the standout features of MDM is its commitment to security. The company prides itself on its “military-grade” security protocols, with servers stored in ex-military grade bunkers in a secret location. This level of security ensures that customers’ data and assets are protected from potential threats. MDM’s custodian, Equity Trust, is a well-established leader in the self-directed IRA space, overseeing billions of dollars in assets and maintaining a perfect security track record.

Fees and Pricing Structure

MDM employs a unique fee structure that is transparent and competitive. The company charges no account setup or minimum investment fees for cash accounts. For crypto IRAs, there is a $5,000 investment minimum. Monthly storage fees for fractional metals are less than 0.05% of the total investment value. MDM also offers tiered transaction fees, with lower fees for larger portfolios. The tiered fee structure incentivizes larger investments and rewards investors with reduced trading fees.

User Experience and Interface

MDM prides itself on its user-friendly interface and intuitive platform. The company recognizes that crypto IRA investing can be complex, and aims to simplify the process for investors of all levels of experience. The platform’s dashboard provides a clear overview of cash balance, portfolio value, and gains, making it easy for investors to track their investments. The company also offers a “Play Money” feature, allowing users to test out their trading strategies without risking real funds.

Customer Reviews and Reputation

As a relatively new company, MDM has limited user-generated reviews. However, the reviews available on platforms like the Better Business Bureau and Google Reviews are overwhelmingly positive. Customers praise the company’s knowledgeable representatives and efficient handling of account transfers. MDM’s A rating on the Better Business Bureau further reinforces its commitment to customer satisfaction.

Pros and Cons of My Digital Money


  • User-friendly interface and intuitive platform
  • Extensive selection of cryptocurrencies and fractional metals
  • “Military-grade” security protocols
  • Transparent fee structure with tiered transaction fees
  • Positive customer reviews and reputation


  • Limited user-generated reviews due to the company’s relative newness
  • Some popular cryptocurrencies may not be available on the platform
  • No mobile app currently available

Conclusion: Is My Digital Money Worth Considering?

Considering its strong emphasis on security, user-friendly interface, and extensive investment options, My Digital Money is a compelling choice for investors looking to enter the crypto IRA space. The company’s commitment to privacy, transparency, and customer support sets it apart from many competitors in the market. While it may be a newcomer, MDM benefits from the experience and expertise of its management team, particularly Collin Plume, who has a proven track record in the investment industry. As with any investment decision, it is crucial to conduct thorough research and consider personal financial goals and risk tolerance. However, for those seeking a secure and user-friendly crypto IRA service, My Digital Money is certainly worth considering.

Visit to explore their offerings and learn more about their services.

My Digital Money Review: Honestly The Best?
My Digital Money Review: Honestly The Best?

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