BitIRA Review

4.0Personalincome rating

BitIRA is well-established, offers great rates, and goes forth on their mission statement that everyone should be able to invest in crypto, no holds barred.

With a professional environment that has specialists to help you with your account, and an overall positive rating and review, BitIRA is living up to its potential every single day

on BitIRA's websiteBitIRACUSTODIAN FEES$300-$1,000annual feeInvestment Minimum$5,000PROMOTION

Free Ledger for new customers

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Key Takeaways

Insurance is a little difficult to get set up, but the full service that BitIRA offers is about as good as you’re going to get. When it comes to fees, they tow the line between average and high, but you’re paying for a top-end service and it’s still worth every penny.

While their list of cryptocurrencies is growing, it’s at a good point right now. Setup can take a while, but if you’re patient and willing to go through all the necessary hoops, BitIRA will be the last crypto IRA program you’ll ever need.

Pros & Cons

Pros

• Full service assistance on every product they offer.
• Debasement protection helps you make smarter investing choices.
• Cold storage protection for maximum security.
• Tax-deferred gains through the IRA program.

Cons

• Setup takes a while and there are some hoops to jump through.
• Requires a high upfront cost to get started.

Securing your financial future is stressful. Really stressful. Crypto IRA accounts and Bitcoin IRAs are designed to help ease the burden, because we all know that cryptocurrency is going up, so why not get on the train now?

BitIRA is one of the leading companies that assist investors with their crypto IRA journey. They’ve led the charge on some exciting innovative tools, and possess one of the best marketplaces for you to start investing.

If you’re keen to know why they’re always talked about, it’s time to learn.

About BitIRA

BitIRA is a small firm from Burbank, CA, who have been in this game for over seven years. They’re a full service company that helps you set up your account without having to worry about crazy restrictions.

Led by a strong value in security and safety, BitIRA was designed to add an extra layer of promise to the ever-changing digital landscape surrounding cryptocurrency.

BitIRA Services

• Self-Directed IRA Account: You take control of your financial future; they just give you the tools to do it. You can self-direct your IRA and make investments as you see fit, with or without their guidance.
• Custodial Services (Cold Storage): No hackers can get through to your cryptocurrency if it’s not connected to the internet. BitIRA is one of the most secure crypto platforms available today.
• Online Trading Platform 24/7: You always have access to the online crypto platform, so you can trade, buy in to more coins, and even sell your coins to continue your investments.
• Rollover: While you may need to contact a specialist to know which accounts you can rollover, you can transfer your existing IRA accounts into a crypto IRA in the blink of an eye.
• Multiple Supported Currencies: Whether it’s Bitcoin, Ethereum, Litecoin, whatever the case is, there are tons of supported cryptocurrencies for you to choose from.

BitIRA Fees & Costs

Service	Investment Minimum	Annual Fees
Crypto IRA	$5,000	$300-$1,000
Non-IRA	$5,000	depends on the wallet you choose

• Maintenance Fee: This is sometimes referred to as an annual fee. This is a whopping $195, which is a bit high compared to other programs.
• Account Setup Fee: First-timer? You’ll be expected to pay $50 just to set up the account, so be sure to account for that along with all these other fees.
• Storage Fee: It’s not a flat rate, it’s actually 0.05% of the crypto worth, so this can either be good or bad depending on how you look at it. Flat rate structures are usually preferred in this area.
• Trading Fees: This is completely unclear, as it’s changed multiple times over the years, and is subject to change again in the future. Keep an eye on this fee type if you decide to open an account with them.

Is BitIRA Right for You?

Yes, the fees can be a bit high, and the 0.05% storage fee is specific, but overall BitIRA is a great company that anyone can feel good about opening a crypto IRA with.

Two custodians, cold storage, and the level of competency that new investors need to guide them—it’s a winning formula six ways ‘til Sunday.

Make sure that BitIRA represents your financial goals before finalizing your decision.

BitIRA FAQ's

Compare to Other Companies

VISIT WEBSITEANNUAL FEES$240INVESTMENT MINIMUM$3,000PROMOTIONCustodial Setup Fee waivedRead full reviewVISIT WEBSITETRADING FEES1% per tradeINVESTMENT MINIMUM$2,500PROMOTION$100 in free BitcoinRead full reviewVISIT WEBSITEANNUAL FEES$195INVESTMENT MINIMUM$25,000PROMOTION5% cash back on qualified orderRead full review

BitIRA

BitIRA offers a simple, streamlined process for investors to open IRS-compliant Digital IRAs – where cryptocurrencies can be held and grown under special tax-deferred status.

Review Summary: