4.0Personalincome rating
You hate fees? So do we, so does everyone, so Coin IRA offers some of the lowest fees out there because they know how unattractive those are. However, they’re not as front-and-center about this, so you may need to incur questions or set up an appointment with them.
on Coin IRA's websiteCoin IRACUSTODIAN FEES$195annual feeInvestment Minimum$25,000PROMOTION
5% cash back on any qualified order of $50,000 or more
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Key Takeaways
Coin IRA doesn’t like incurring high fees, but as a result their growth appears to be a bit slower than their counterpart platforms and IRA programs.
Their account specialists go unmatched and make everything feel like a seamless process from start to finish, and they make you feel like a top dog investor even if you’re just hitting the minimum requirement.
Their focus is on crypto security, and that’s something we can all get behind, even if it takes a little bit of time for the other elements of their service to catch up.
Pros & Cons
Pros
- Low fees for all account types.
- Consultants that can help you build your IRA.
- Plenty of storage options at your disposal.
- Fantastic cryptocurrency security.
Cons
- Website is lacking information, you may need education from a different source.
- Still has to get up to date on all available cryptocurrencies.
Security, accessibility, and cold storage—these are three of the first things that come to mind when you think of Coin IRA. Their emphasis on being a stable, safe haven for you to put your cryptocurrency is what makes them so great.
They have all the building blocks of a great company, they’re just still building upon the foundation. If you’re someone who can see the vision they’re going for and how they’ve been working towards it, it would be a good time to hop on the bandwagon.
About Coin IRA
Their goal is to bring some clarity to the increasingly complex and difficult world of personal finance. There are more investment options today than there ever were before, and it can be daunting for any investor, new or seasoned.
Their mission is to help direct you through the fray, point you towards a safe trading platform that doesn’t aim to overwhelm you, and give you the tools necessary to become your own investor through self-directed IRAs.
They guide you, but they put your future in your hands in a way that an individual cannot do on their own.
Coin IRA Services
- Excellent Reporting Tools: Coin IRA helps you analyze your portfolio and make the next step, no matter what it is.
- Account Specialists: At-the-ready and knowledgeable as can be, Coin IRA has specialists that can answer your questions and explain investing to you as needed.
- Intuitive Trading Platform: Their online platform is relatively easy to use, it all just depends on how deep you want to go with crypto trading.
- Cold Storage: All of your assets are protected in cold storage. No internet connection equals no hackers breaking through.
Coin IRA Fees & Costs
Service |
Investment Minimum |
Annual Fees |
---|---|---|
Crypto IRA |
$25,000 |
$195 |
Non-IRA |
$3,500 |
$0 |
- Maintenance Fee: Annually, you can expect to pay $80 for maintenance. This covers everything needed to keep your account open and in good standing.
- Storage Fees: $100 per year, regardless of how much crypto you have.
- Account minimum: $20,000 is the minimum you need to open an account. That’s exceedingly high for any crypto IRA, but it’s how they keep their fees low, so it’s a good trade-off.
- IRA Setup: This runs about $50, and a $30 wire fee on top of it for funding that account once you’re all set.
- Non-IRA Transactions: If you’re buying crypto and it’s not going into an IRA, then you have to meet a minimum of $3,500 per transaction. This isn’t a casual trading platform; it’s designed for long-term investing, so you may want to use another platform if you plan on day trading crypto.
Is Coin IRA Right for You?
While the game of catch-up is still going, that’s something that you’ll see in any industry; there can’t just be one company to lead everyone, they all have their strengths and weaknesses.
With Coin IRA, you have the ability to put your future in your own hands; they’re just giving you the tools needed to steer your financial ship into safe harbor. Coin IRA is a great choice for anyone looking to secure their future in a crypto IRA.
Coin IRA 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$300 – $1,000INVESTMENT MINIMUM$5,000PROMOTIONFree Ledger for new customersRead full review
Coin IRA
Founded in 2017, Coin IRA was one of the first companies in the United States to offer investors the ability to add cryptocurrency to their retirement plans.
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Review Summary:
Founded in 2017, Coin IRA was one of the first companies in the United States to offer investors the ability to add cryptocurrency to their retirement plans.