My Digital Money Review

my digital money review

We’ve reviewed the top Cryptocurrency IRA Companies to help you to choose the right Bitcoin IRA. A Crypto IRA lets you hold digital assets in your retirement account. We may receive a commission from our partners but our reporting and recommendations are always independent and objective. For more, read our Compensation Policy.

My Digital Money Review
  • Military Grade Security
  • Google Reviews
  • Partners with Equity Trust
  • US Based Support

Quick View

My Digital Money(MDM) describes itself as a crypto exchange platform where you can buy and sell currency. 

The firm offers 2 investment choices:
● Crypto IRA (for retirement)
● Trade in Cash (to build wealth fast)
MDM offers a secure platform with top rated level US-based phone support.


  • U.S.-based client support services
  • Educational materials and resources
  • Tax reporting support
  •  Next-day settlement available on all crypto orders


  • Newer company
  • Lack of online reviews

My Digital Money Overview

Launched in May of 2021, Pasadena, CA based My Digital Money offers a retirement platform for investing in cryptocurrency assets.  Investors have access toBitcoin, Ethereum and other cryptos in a retirement account with the Equity Trust Company.

Equity Trust will serve as the custodian on all accounts and next-day settlement will be offered to all MDM account clients.

My Digital Money was created by alternative assets expert Collin Plume, who also founded Noble Gold Investments. MDM’s co-founder Guy Gotslak is President of the firm. Gotslak has over fifteen years experience in the technology and financial industry.

Investment Options

CryptoIRA: If you have an old IRA or unused 401(K) or want to open a retirement account, you can put some crypto in there with tax advantages.

  • Traditional Crypto IRA: Taxes are deferred until you liquidate providing more funds to use for other investments.
  • Roth Crypto IRA: You pay taxes on your investment but not on capital gains.

Cash Trading: Some investors prefer timing the market, buying assets when prices are low and selling them when they’re high. They may make money with one asset then move on to the next.

Platform Features

Stop-loss Order: MDM offers a stop-loss feature which is placed to sell a specific cryptocurrency once it reaches a certain price. Clients can for example,  set a “stop-loss” order to automatically sell their crypto of choice if the price goes down by 10%, limiting potential losses.

Trigger Order: A trigger-order to sell when the market price goes up by 10%. This feature is valuable to both crypto trading neophytes and seasoned investors.

Play Money Account: This is a great way to learn the platform and test out trading strategies, and practice trades using actual market movement. There is no credit card or bank account needed.

MDM platform

MDM Account Security

MDM has partnered with Genesis, (a full-service digital currency prime brokerage) to provide impressive military-grade security for your cryptocurrency IRA investment. MDM utilizes both hot and cold storage to keep crypto wallets secure. The firm has increased digital security by using HSM (Hardware Security Modules) farm cold storage in ex-nuclear military bunkers.

My Digital Money provides multiple layers of cryptographic security and a combination of cold and hot storage that prevents malicious threats or attempted thefts from accessing one’s cryptocurrency funds.

Additionally, Genesis Custody’s vault risk insurance covers physical loss, damage, destruction or theft of digital assets of up to $600 million to MDM account holders.

MDM/Genesis offers:

  • HSM (Hardware Security Modules) farm cold storage in Ex-nuclear military bunkers. It is an unparalleled security feature in the digital space.
  • Multilayer proprietary, best in class cold storage.
  • Hybrid multilayer cryptographic security, by combining military highest standard with MPC insured by A-rated underwaters including Lloyds of London syndicates.

MDM Fees

  • Monthly Fee: $0
  • One Time Set up Fee: $50
  • .75% Custodian Transaction Fee
  • 2.15% Platform Transaction Fee

My Digital Money Leadership

collin plume MDM

Collin Plume

As CEO and Co-founder of MY Digital Money, Collin Plume has extensive experience in Cryptocurrencies, precious metals, property insurance, and commercial real estate.

Plume is currently President and CEO of  Noble Gold, a precious metals IRA investment firm founded in 2016. Plume shares his expertise on the firm’s blog as well as with videos on MDM’s youtube channel.

Guy Gotslak

Gotslak’s Linkedin profile states that he “Built products, services, and operations of My Digital Money from the ground up and continue to focus on growth with a passion to help people learn and get more comfortable with crypto currency, benefit financially from a technology that is revolutionizing the future, and contribute to the development of Decentralized Finance (DeFi).”

MDM Rewards

My Digital Money is offering a free NFT or $50 to qualified, funded new accounts.MDM reward The firm also will give you $50 for referring a friend.

My Digital Money Reviews

“Great customer service! They will actually answer the phone and talk with you. I worked with Angie and she was so nice to work with…definitely knows her business and had a great personality. If you want a Crypto IRA, then give My Digital Money a call. They will take good care of you.”

“Dean Peterson with My Digital Money is a one-of-a-kind guy to speak with.
Dean is patient and not condescending for newbies to understand. I also think Dean may have a natural ability to educate using analogies etc. My Digital Money is lucky to have Dean! I am inspired.”

“I had a great experience while establishing my IRA. The knowledge, professionalism, and the kindness that Angie showed me really made me feel safe and secure with using My Digital Money and investing my money with them. I will be transferring more money soon and I will continue to use and refer people to My Digital Money because of the wonderful experience I had with Angie. My Digital Money is lucky to have an employee like her!!”

Source: Google Reviews

MDM Videos


The point of this review is to make it easier for investors looking at Crypto IRA companies to decide if My Digital Money is worthy of their retirement funds.

In our opinion, the answer the above question is yes. MDM has excellent leadership, outstanding security and a robust trading platform. All that, combined with top notch customer service and reasonable fees provides you with a great SDIRA company.

Our only caveat to MDM is their trading fee. This is not an issue for investors who don’t trade often or think that bulletproof security is worth the cost. For more information and to get a complementary Crypto Investment Guide visit today.

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